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Flipkart Founder Sachin Bansal Booked For Cheating Businessman

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Flipkart Founder Sachin Bansal Booked For Cheating Businessman,Startup Stories,2017 Business News Update,Flipkart Business Latest News,Sachin Bansal cheating Businessman,Flipkart Cheating Business,Flipkart Start Selling Insurance,Flipkart Founder Fraud Businessman

Flipkart’s co founders Sachin Bansal and Binny Bansal along with three other employees of the company have been booked for reportedly cheating a businessman. According to a report by a news daily, the founders of India’s biggest ecommerce company cheated a businessman of Rs. 9.96 crores by not clearing the dues the company owed him towards 12,500 laptops he had supplied.

Flipkart’s sales director Hari, along with accounts managers Sumit Anand and Sharauque are the others named in the FIR lodged by the owner of Indiranagar based C-Store Company, Naveen Kumar. In the FIR, Naveen alleged he had supplied 14,000 laptops to the company between June 2015 and June 2016 for the Big Billion Day sale. The FIR states, “Flipkart returned 1,482 units but did not pay for the remaining units.

The company, according to the FIR, also owes Naveen TDS and shipping charges for those units and falsely claimed to have returned 3,901 units. By not clearing the dues, Flipkart owes Naveen Kumar Rs. 9,96,21,419. The news report further states, the case has been registered in Indiranagar Police Station under IPC sections 34 (common intent,) 406 (criminal breach of trust) and 420 (cheating) and an investigation is underway.

At present, Flipkart is reportedly planning to start selling insurance including general, life and health insurance. Further, the company is also in talks with a slew of digital lending startups to add a new revenue generating business to its suite of offerings. In an attempt to capture a majority of other IoT industries, Flipkart has also initiated discussions with vertical ecommerce players like Swiggy, BookmyShow, Urbanclap, Urban Ladder and Pepperfry.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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