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Walmart Finalized $20 Billion Flipkart Deal

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The much foreseen Walmart and Flipkart deal is finalized. The retail titan Walmart’s CEO McMilon is in Bengaluru exclusively to take the deal to the next level and acquire over 70% stake in the ecommerce player. This is going to be one of the largest Mergers and Acquisitions (M&A) to take place in India. The ecommerce firm will be valued at $20 billion post the deal. The deal will be made official in a town hall meeting at Flipkart’s headquarters in Bengaluru.

McMilon is also going to disclose the strategy he is likely to implement in India to the Flipkart’s employees. Google parent Alphabet Inc., will align with Walmart in the deal. Walmart would be owning a 60% stake, while Alphabet will get about 15% ownership of Flipkart. Although the transactions are supposedly to take place in Singapore where the ecommerce firm Flipkart is registered, India’s Income Tax (I-T) department keeping an eye on the deal. According to the I-T rules known as the “Retrospective Tax,” any asset which is registered or incorporated outside India shall be deemed to be situated in India if the assets are “substantially” located in India. With the ongoing talks of the deal , there is a possibility the taxmen may apply the same rules to the Walmart-Flipkart deal.

According to reports, Flipkart’s rival Amazon has been trying to invest in Flipkart and also made an offer to buy 60% of its stake. The e retailer, however, seems to show no interest in the deal and chose Walmart over Amazon. Nevertheless, Amazon is committed to invest over $5 billion in India. The company aims at making its distribution systems stronger in the country.

With the online marketplace in India growing tremendously, global investors are hugely attracted to the Indian online market. Currently, Flipkart controls nearly 40% of India’s online retail market.

This article has been updated!

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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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