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Amazon May Counter Walmart’s Bid For Flipkart!

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Amazon May Counter Walmart Bid For Flipkart,Startup Stories,2018 Latest Business News,India Largest E commerce Platform,Amazon and Flipkart Business Updates,Tiger Global Management,Flipkart Deal with Walmart,Amazon CEO,Flipkart Business News

Amazon, the Jeff Bezos led e commerce giant, may make a rival bid for India’s largest e commerce platform, Flipkart. Even as Flipkart is in the advanced stages of talks with Walmart, Amazon and Flipkart have been continuous talks to finalize a record breaking deal.

According to reports, Amazon, which is also one of the largest e-commerce services in India, has held early exploratory talks to purchase Flipkart. On the other hand, Walmart is keen to buy 55% shares of Flipkart through primary and secondary share purchases. If it goes through, this deal that could be valued at $ 21 billion.

As per the takeover, existing share holders like Tiger Global Management, Accel Partners, Naspers and IDG Ventures are expected to sell their shares for Flipkart’s deal with Walmart. Since Amazon’s launch in India in the year 2o12, the e commerce giant has been trailing Flipkart in very close numbers. If the deal goes through, Amazon will stand to gain dominance in the e commerce space in India.

Furthermore, if the Amazon bid goes through, Amazon may also stand to gain from Flipkart led fashion e tailers, Jabong and Myntra, the Indian arm of e Bay as well as the financial technology company, PhonePe. Backed by several key investors and armed with a rapid growth strategy, Flipkart is one of the most viable e commerce platforms in the country.

There have been quite a few players interested in investing in Flipkart. Apart from Amazon and Walmart, Google had offered to invest in the Indian e commerce giant to the tune of $ 16 billion. It remains to be seen if Amazon can end the biggest e commerce battle in recent times. If the merge with Flipkart goes through, then the mark on the Indian retail space will definitely be set in stone for years to come!

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

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The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

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