The Ministry of Statistics and Programme Implementation, India's headline retail inflation rate eased to 7.04 percent in May from April's near-eight-year high of 7.79 percent thanks to a favourable base effect.
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.
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