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New Framework For The National Policy On Ecommerce To Be Formed

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The first Indian ecommerce think tank meeting was held yesterday. It was convened by Suresh Prabhu, the Commerce Minister,  to discuss the framework for the National Policy on ECommerce. During this meeting Minister Prabhu said the framework would be drafted in the next six months.

This framework will relate to the ecommerce sector issues like FDI, intellectual property rights protection, taxation policy, data flows, physical and digital infrastructure. At the meeting the authorities concluded by setting up a task force to look into the inputs provided by the stakeholders.

This meeting was attended by 50 stakeholders from the Reserve Bank of India, the Telecom Regulatory Authority of India and the Competition Commission of India. Indian Internet leaders Flipkart, Ola and Paytm were also present at this meeting. Representatives were sent from Reliance Jio, Wipro, MakeMyTrip, JustDial, Pepperfry, UrbanClap, TCS, Bharti Enterprises and Practo to the meeting.

Commerce Secretary Rita Teaotia explained, “The task force will come out with a set of recommendations which would be brought before the think tank in five months. The think tank will give its report in six months.

The task force along with its subgroups would deliberate on all the issues in detail. This comes during the fight against reclassification of discounts as capital expenditure by the Indian ecommerce sector heads.

The Commerce Minister also explained India was growing exponentially in the ecommerce sector and would continue to grow. He further stated to ensure this growth it needs to be promoted with the help of the policy. The Minister called on the ecommerce firms and said they would need to play a greater global role. The Confederation of All India Traders (CAIT,) retaliated at the Ministry of Commerce for not including representatives of trade at the meeting.

Secretary General of CAIT Praveen Khandelwal said the CAIT had made multiple complaints against the malpractices of the ecommerce companies. He further added the Government was choosing to avoid the traders and take no action against the complaints.

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Amazon India Launches At-Home Diagnostic Service, Expands Healthcare Ecosystem

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Amazon India has expanded its healthcare portfolio with the launch of Amazon Diagnostics, an at-home diagnostic testing service developed in partnership with Orange Health Labs. Now available in six major cities—Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad—the service covers over 450 PIN codes and offers access to more than 800 diagnostic tests. Customers can book tests via the Amazon app, schedule home sample collection within 60 minutes, and receive digital reports for routine tests in as little as six hours, making healthcare more accessible and convenient than ever before.

This launch completes Amazon’s integrated healthcare suite in India, which already includes Amazon Pharmacy for medicines and Amazon Clinic for virtual doctor consultations. By bringing these services together under the Amazon Medical umbrella, the company enables a seamless outpatient journey—from doctor consultation to lab testing and medicine delivery—all managed through a single digital platform. The partnership with Orange Health Labs ensures high-quality, reliable diagnostics, supported by Amazon’s operational expertise and focus on customer trust.

Amazon’s entry into the $15 billion Indian diagnostics market signals a major shift in the country’s health-tech landscape, introducing new competition for established diagnostic players. Rather than competing solely on price, Amazon is prioritizing a seamless, trustworthy experience, aiming to address the growing demand for digital healthcare solutions and simplify access for millions of users across India.

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Bhavish Aggarwal’s Krutrim Unveils ‘Kruti’ — An Agentic AI Built for Bharat

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Bengaluru, June 2025 – Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has launched its new agentic AI assistant, Kruti. Unlike traditional virtual assistants, Kruti is designed with an Indian-first approach — combining cultural context, multilingual capabilities, and generative AI to offer a more intuitive, task-oriented experience for users.

Kruti is built to do more than just respond to queries — it can independently perform tasks, make decisions, and integrate across platforms for productivity and communication. Powered by Krutrim’s proprietary Indian-trained language model, it brings a deep understanding of local languages and digital behaviors, catering to both personal and business needs in the Indian ecosystem.

Aggarwal described Kruti as “India’s digital brain,” highlighting its role in redefining AI for Bharat. The assistant will be rolled out in phases, starting with enterprise partners and expanding through apps and APIs. As Kruti integrates into various platforms — including Ola’s services — it marks a significant stride in India’s ambition to lead the global AI race.

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Bankruptcy Forces BYJU’S to Offload Epic and Tynker for a Fraction of Acquisition Cost

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BYJU’S, once India’s most celebrated edtech startup, has sold its major US-based subsidiaries Epic and Tynker for a fraction of their original purchase prices, marking a dramatic reversal in its global expansion strategy. The distressed sales, approved by a US bankruptcy court on May 20, 2025, come amid the company’s ongoing financial and legal turmoil. Tynker, a coding education platform acquired by BYJU’S in 2021 for $200 million, was sold to CodeHS for just $2.2 million in cash, while Epic, a digital reading platform bought for $500 million in 2022, was acquired by China’s TAL Education Group for $95 million.

These fire-sale transactions were part of a broader restructuring effort to address disputes with lenders after BYJU’S defaulted on a $1.2 billion loan, which triggered bankruptcy proceedings for its US entities. The company’s US unit, Byju’s Alpha, became the focal point of legal battles, including allegations of mismanagement and the misappropriation of funds by top executives. Court rulings in the US have highlighted instances of fraudulent transfers and breaches of fiduciary duty by suspended directors, further compounding BYJU’S woes.

As BYJU’S scrambles to stabilize its core operations, several of its other high-profile acquisitions, such as Great Learning and Aakash Institute, have started operating independently and distancing themselves from the parent company. The massive losses from the sales of Epic and Tynker underscore the risks of BYJU’S aggressive acquisition spree and the severe impact of its financial mismanagement, leaving the future of the once high-flying edtech giant in question.

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