Credit Ratings Agency Moody's says Flipkart Acquisition by Walmart is 'credit positive'. 4 Things to Know Today
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1. Credit Ratings Agency Moody’s says Flipkart acquisition by Walmart is ‘credit positive’. The US retail giant bought 77 percent in India’s biggest ecommerce company from Softbank to battle it out with its biggest competition in the online space, Amazon Inc.
2. In a rude shock, oil prices were hiked soon after the Karnataka polls pushing petrol prices at a 56-month peak and diesel prices at a record high. Last year, state-owned oil marketing companies gave up the practice of revising rates twice every month and adopted dynamic daily price revision.
3. The most anticipated series of OnePlus 6 will be launched this week in London. But no phone launches are fun without some leaks. In a fresh leak, the upcoming smartphone was revealed in all its glory with a glass back and notched display.
4. In other news, a frustrated IndiGo Airline employee made a hoax bomb call to teach the biggest private airlines in India a lesson. The 23-year accused Kartik Bhat, who was called out by IndiGo for poor performance, was arrested.
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