Chinese technology conglomerate Tencent has bought a stake worth USD 264 million (about 2,060 crores) in Flipkart from its co-founder, Binny Bansal, through its European subsidiary.
The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent.
EXAMIANS