Walmart will pay about $16bn to take control of Flipkart, India's biggest online retailer, in a deal that puts it head to head with Amazon.
The world's largest retailer will take a 77% stake, valuing the Indian company at more than $20bn.
Flipkart has been under pressure from Amazon since it arrived in India five years ago.
Armenia's opposition was fractured. Pashinian was a recognized opposition politician but lacked widespread support. Moreover, political consultants warned him that any protest he organized would draw only a few hundred people and make the opposition look weak.
So it was a remarkable moment on Tuesday when Armenia's parliament elected him prime minister, culminating an unprecedented nonviolent street protest movement that forced the ruling elite to forfeit their grip on power
BENGALURU: Google said it had appointed Nitin Bawankule as the country head for its cloud business in India, as the search giant looks at taking a larger share of the booming demand for those services in the country.
Bawankule has been with Google for six years and was previously head of sales for its ecommerce, retail and classifieds and education business. Bawankule will report to Rick Harshman, managing director of Asia Pacific for Google Cloud.
The Indian telecom regulator on Tuesday released the draft amendment of telecommunication interconnection where it has set time-frame for provisioning of ports for initial interconnection and augmentation to be increased to a maximum 42 working days.
The draft said a service provider may request the other service provider for additional ports at a Point of Interconnection (POI), if the projected utilisation of the capacity of such POI at the end of 60 days from the date of placing the request, is likely to be more than 85 percent and such projected utilisation of the capacity of POI shall be determined on the basis of the daily traffic for the preceding 60 days at the POI during busy hour.
SAN JOSE, Costa Rica — Journalist Carlos Alvarado was sworn in Tuesday as Costa Rica’s president through 2022, promising a “plural” and inclusive government following an election and runoff where same-sex marriage became a key issue.
During an inauguration ceremony at Democracy Square in the capital, San Jose, Alvarado accepted the sash of office from his predecessor and ally, Luis Guillermo Solis.
Hyperloop Transportation Technologies on 7 May proposed to set up the Hyperloop transportation system in Andhra Pradesh connecting Anantapur-Amaravati-Vijayawada and Visakhapatnam as part of 700-800 km long integrated public transit system.
The US-based company presented the pre-feasibility route study to officials from the state Capital Region Development Authority (APCRDA) and other nodal state departments.
Aiming to foster growth for India’s nascent artificial intelligence (AI) and machine learning (ML) ecosystem, NITI Aayog and Google have come together to work on a range of initiatives to help build the AI ecosystem across the country.
A Statement of Intent (SoI) was signed to this effect by Ms. Anna Roy, Advisor, NITI Aayog and Shri Rajan Anandan, Vice President, India and South East Asia, Google in the presence of the Shri Amitabh Kant, CEO, NITI Aayog.
The NITI Aayog has been entrusted to
NEW DELHI: The World Bank will provide a USD 200 million loan to help the government achieve its goal of reducing stunting in children 0-6 years of age from 38.4
The Government of India signed a loan deal worth USD 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan)," it said.
A pact has been signed between India and Guatemala for strengthening diplomatic cooperation through Respective Foreign Service Institutes in the educational field.
The agreement was inked after a meeting between Vice President M Venkaiah Naidu and his Guatemala counterpart, Jafeth Cabrera Franco in Guatemala city last night. Mr Naidu also held meeting with the Guatemala President and others on various bilateral and international issues.