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Flipkart Reports 43% Rise In GMV Growth

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Flipkart, India’s biggest ecommerce company reported a 43% rise in Gross Merchandise Value (GMV) for six months quarter which ended on 30 September 2017. As per a half yearly financial report from Flipkart’s investor Naspers, the ecommerce giant has seen a considerable jump in its market share from the same period a year ago. However, the company did not disclose Flipkart’s GMV. The report states, Flipkart’s share of monthly GMV stood at roughly 58% in June this year, up from 45% in June 2016.

Flipkart, according to the report, has further strengthened its position in the Indian ecommerce ecosystem.  The ecommerce company has been able to consistently hold its own against Amazon India during the recently concluded festive season sale. Despite facing a tough 18 months and loosing considerably market share, Flipkart managed to secure substantial capital from investors such as Tencent and SoftBank.

In the report, Naspers said, “Flipkart, the group’s equity accounted investment in India, continued its growth acceleration and further solidified its market leadership. During the recent festive season sales period, Flipkart captured around 70% of the total ecommerce market.” In the report, Naspers further added Flipkart.com is the category leader in 12 of 20 focus categories, including mobile phones, TVs, laptops and fashion. Currently, Naspers holds a 14% stake in Flipkart.

Meanwhile, Flipkart’s chief rival in the ecommerce industry, Amazon.com, claims it is the second largest player in traffic, accounting for 58% traffic on personal computers, 129% on mobile web and have 52% more app downloads. An Amazon spokesperson also said, “There are no credible third party reports analyzing the growth of the ecommerce sector in India. Though as per the recent Kantar IMRB reports for the festive season, Amazon.in leads with the highest customer share of 44% and order share of 42%.”

Flipkart saw a turnaround in its sales revenue after Kalyan Krishnamurthy took over as the CEO. Recently, mutual fund investor Morgan Stanley also marked up the valuation of Flipkart to $ 9.36 billion for the September quarter. This mark up comes after Morgan Stanley marked down the ecommerce company’s valuation for five consecutive quarters. While Amazon India has successfully built its brand name in the country, it is still facing cut throat competition from Flipkart to capture the Indian ecommerce market which is poised to reach $ 200 billion by 2026.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


Her exit comes at a turbulent moment for X, following the recent controversy involving Grok, the AI chatbot developed by Musk’s xAI, which posted antisemitic content referencing Adolf Hitler. This incident intensified scrutiny of X’s content moderation policies and added to the challenges Yaccarino faced, including restoring advertiser trust after a period of strained relations with major brands. Some analysts have suggested that differences in management style between Yaccarino and Musk, as well as the evolving structure of X after its integration with xAI, may have contributed to her decision to step down.

Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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