Flipkart, Adani, JLR, Reliance Retail, Jio Financial, Whatsapp, etc.

Market Briefs

Main Briefs

Google Backs Flipkart with $350 Million Investment in Major Funding Round

• Google invests $350 million in Flipkart.

• Part of a $1 billion funding round led by Walmart.

• Investment includes cloud offerings for Flipkart.

• Flipkart valued at $36 billion in this round.

• Flipkart holds 48% of the Indian e-commerce market.

• Major competitors: Reliance Retail, Amazon, Meesho.

• Indian e-commerce market projected to be worth $133 billion by next year.

• Google's ongoing investments in India include Jio Platforms and Airtel.

Briefs, You Can’t Miss:

1. New 3-day delivery period for commodity derivatives set by Sebi.

2. RBI slaps Rs 3.10-lakh penalty on Hero Fincorp for non-compliance.

3. Adani Ports set to enter Sensex, taking Wipro's place on June 24.

4. Jio Financial and Reliance Retail in talks for Rs 36,000-crore agreement.

5. Jaguar Land Rover to manufacture Range Rover in India, prices to drop by 20%.

6. Crackdown on IPO manipulation: Sebi takes action against finfluencers.

7. AI-powered news anchors to join DD Kisan for its ninth anniversary celebration.

World Briefs

• Significant H-1B fee increase impacts IT company budgets.

• Advertisers shift focus to Walmart and Amazon amid declining TV viewership.

• Nvidia's market value surges by $200 billion, solidifying AI chip leadership.

• Mondelez faces €337.5 million antitrust penalty from EU.

AI Briefs

• AI licensing race intensifies as Google, Meta bid for Hollywood content.

• AI video creation to fuel higher Nvidia chip demand, CEO Huang forecasts.

• AI error in Google Overviews results in unusual pizza glue suggestion.

• Report: WhatsApp to potentially launch AI-generated profile photo feature.

• Azure gets GPT-4 boost as Microsoft debuts Copilot AI automation tools.

Company Of The Day

Company Name: Jaguar Land Rover

Founder: Lee A. Collins, William Lyons, William Walmsley

Year Of Foundation: 1922

Headquarter: Coventry, Coventry, United Kingdom

Industry: Jaguar Land Rover Cars is a brand of Jaguar Land Rover, a British multinational car manufacturer headquartered in Coventry, United Kingdom.

Why Is It in the News?

Starting the manufacturing of their flagship models in India.