As part of PhonePe's new financing round, Flipkart is likely to go for a $700 million employee stock buyback. In this round, PhonePe is expected to raise $1.5-2 billion and the round will be led by Walmart, a report in the Economic Times (ET) said.

The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure.

Gautam Adani is ready to unveil his much-hyped super-app, made by an in-house startup he wants to be “the Ferrari of the digital world.” The portal will take off in the next three to six months, Asia’s richest tycoon told the Financial Times in a recent interview. But Adani seems to have missed the sweet spot when demand for online services boomed during the pandemic. Now, the tech industry is in turmoil globally. Meanwhile, competition in Indian e-commerce is intense. Will Adani’s Ferrari get stuck in bumper-to-bumper traffic?

The mobile app will connect passengers at Adani’s network of airports with other services offered by his group, the FT said.

As per the induction plan, Air India has received its first Boeing 777-200 LR. Vihaan, which means dawn of a new era, is the name given to the aircraft with registration VT-AEF.

Vihaan.AI is Air India's transformational roadmap over five years with clear milestones.

Shares of Hero MotoCorp gained nearly 4 per cent to Rs 2,803.15 on the BSE in Monday's intra-day trade after the two-wheeler major said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures.

In the past three trading days, stock of the two-three wheelers company has rallied 5.5 per cent. In comparison, the S&P BSE Sensex was down 0.04 per cent at 62,271 at 09:26 AM.

The BJP is confident of maintaining its winning streak in Kutch district in Gujarat Assembly polls even as the Congress is carrying out a silent campaign in rural areas and the Aam Aadmi Party is setting the stage for a three-cornered fight by throwing its hat in the ring.

The All India Majlis-E-Ittehadul Muslimeen (AIMIM) is contesting in two minority-dominated seats.

Over 12,32,749 farmers will be provided with fuel and over 3,796 fishing vessels in Sri Lanka.

"The 10.6 million litres of diesel donation by #China will be provided free of cost to:1232,749 farmers for harvesting 342,266 hectares paddy fields across in Maha season 2022/23 (20L/hectare). 2all the 3,796 fishing vessels below 40 feet in (1,000L/vessel)," the Chinese Embassy in Sri Lanka tweeted.

Gold rates slightly went up in Monday's early trade with ten grams of the yellow metal (24-carat) selling at Rs 52,980, after an increase of Rs 10. Meanwhile, silver prices remained unchanged today, trading at Rs 61,800 per kg.

Ten grams of 22-carat gold is trading at Rs 48,560 today, after an increase of Rs 10, according to the GoodReturns website.

In another major turn to the border row, Karnataka Chief Minister Basavraj Bommai on Sunday said that the state is all set for a legal battle with Maharashtra over the border dispute.

The CM chaired a meeting with senior advocates and officials here on Sunday in the wake of the case coming up before the Supreme Court for a hearing on November 30.

Amazon India has decided to shut down ‘Amazon Distribution’, according to sources. This follows its recent decision to shut its food delivery and edtech offerings.

The moves are part of the annual operating planning review process amid global macroeconomic uncertainty. The e-commerce giant is looking to focus on its core businesses, sources said.

With just days left for Gujarat Assembly elections, Bharatiya Janata Party President J.P. Nadda on Saturday released the party manifesto, in which the party has promised to generate 20 lakh employment in the next five years.

In the manifesto, the party has also promised to implement all recommendations of the Uniform Civil Code (UCC) committee's recommendations.

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