Flipkart: Flipkart widens lead against Amazon as quick commerce surges

Flipkart grows users faster than Amazon (representative image) Flipkart is adding users faster than Amazon in India, widening its lead in online retail even as quick-commerce platforms rapidly expand and its own rapid-delivery business, Flipkart Minutes, closes in on established rivals less than two years after its launch.Flipkart and Myntra together accounted for 35% of…

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Husband died in 2006, and widow was paid PF and gratuity; she filed for pension in 2011 but window had closed in 2010, here’s what Delhi High Court said

The Delhi High Court said the communication in question did not establish the truth of Devi’s claim. Her husband passed away in 2006 and she was not eligible for family pension. However, the bank her husband worked at opened a one-time pension eligibility window some years later which the widow applied for after the last…

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Crypto goes abroad, comes back as shopping money: How Indians are using overseas platforms to turn USDT, stablecoins into gift cards to buy groceries, fuel, food, mobile recharges and even gold

The vouchers are closed-loop prepaid instruments issued by specific entities. The world of cryptocurrencies is a strange one. And the way some Indians are ‘round tripping’ cryptos is another interesting facet of it.Someone ‘earning’ crypto through either legitimate or illegal activities can also use it via international organisations, without the transaction necessarily passing through local…

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Agnikul Cosmos: Indian startup Agnikul Cosmos unveils testing & manufacturing hubs in Chennai to validate reusable rocket stages

STIF is a fully in-house facility for testing reusable rocket stages under flight-like operating conditions NEW DELHI: In a giant step towards attaining reusable launch vehicle technology like Elon Musk’s SpaceX, Indian space startup Agnikul Cosmos has inaugurated two new assembly and testing facilities in Chennai.The company unveiled the Stage Testing & Inspection Facility (STIF)…

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Stock Market Today Highlights: BSE Sensex ends 555 points lower, Nifty50 slips 144 points

Asian markets were mixed, with South Korea and Taiwan among the markets showing gains, while Hong Kong and Australia traded lower. The Hang Seng Index fell 141.87 points, or 0.56%, to 25,271.25. South Korea’s Kospi gained 133.69 points, or 1.91%, to 7,129.08, while Taiwan’s index rose 184.81 points, or 0.39%, to 47,511.08. Japan’s Nikkei was…

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Gold soars, but China keeps buying: People’s Bank of China adds 650,000 ounces in August, biggest monthly increase in nearly 3 years, extends buying streak to 22 months

China, which ranks among the world’s biggest official-sector gold buyers, has now continued adding bullion to its reserves for 22 consecutive months. Gold prices are driven not just by the gold individuals buy or sell. In fact, one of the biggest factors that drives gold prices is the trendline of central banks buying or selling…

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Rs 20,700 crore, 326 km more: India completes its Dedicated Freight Corridor network as PM Modi inaugurates three new sections; now fully operational across 2,843 km with 443 trains daily as of now

Together, these stretches cover 326 route kilometres and have been developed at a cost of more than Rs 20,700 crore. India’s dedicated freight corridors network is expanding with Prime Minister Narendra Modi inaugurating some key new sections on Tuesday. PM Modi dedicated three key sections of the Western Dedicated Freight Corridor (WDFC) to the nation….

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Samsung India cuts 80-100 jobs as chip prices more than double and smartphone volumes fall 11-12%; another round may come after Diwali, up to 25% of electronics sales and marketing staff at risk

Those affected include director-level officials and team leads at the company’s headquarters. (Image for representative purpose only) Samsung India Electronics has started laying off its workforce in phases as its core smartphone business faces pressure on sales and margins following a more than twofold increase in memory chip prices. Around 80-100 executives in the television…

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