Flipkart boosts Walmart revenue, WhatsApp battles fake news and rumours

Flipkart boosts Walmart revenue, WhatsApp battles fake news and rumours

Tuesday December 04, 2018,

3 min Read

Walmart has reported its first quarterly earnings and it includes the financial figures of Flipkart – the Indian ecommerce major. The filings of the last three quarters’ financial statements also reveal that Walmart International segment generated slightly more revenue from ecommerce channels in the October ending quarter of FY19 than in the previous two quarters.

Walmart CEO Doug McMillon with Flipkart Co-Founder and CEO Binny Bansal (2)
Walmart CEO Doug McMillon with Flipkart Co-Founder and CEO Binny Bansal

How to spot fake news and more in WhatsApp’s new 3-pointer campaign

Not every WhatsApp forward is real and not every person sending those messages are truly informed about the news. Despite multiple cautionary bits of advice from the global messaging platform, the problem of fake news persists, provoking violent incidents every now and then. In its repeated efforts to curb this spread of rumours, the Facebook-owned company has now come up with a 3-pointer guideline to help users spot fake news.

Kolkata-based startup Krishworks puts rural youth to work while educating children

You will be surprised to learn about the percentage of the rural population that is still unemployed or not making the optimum use of their skills. Not because they are not educated, but mostly due to a lack of confidence and fluency in English. Realising the dual opportunity here, Kolkata-based startup Krishworks is helping set-up after-school English activity centres – thus creating micro-entrepreneurs and educating children in rural West Bengal.

The cofounders: Balagopal, Subhajit, Gargi and Kaushik (L-R)

AI to the rescue: This Indian-Italian duo has the ultimate solution for digital security

Data protection is integral to every company, startup and enterprise who are dealing in the digital space. But what if, despite all the measures, passwords get leaked or someone’s identity is stolen? Indian-Italian entrepreneurs Alessio Mauro and Tamaghna Basu identified this problem area and came up with neoEYED to help prevent identity frauds and more.

“A woman in a man's world” – IIM alumnus left US job to return home, to dairy farming

The story of Ankita Kumawat is that of a woman succeeding in a man’s world. After leaving her corporate job in the US, this IIM-Kolkata alumnus, with some help from her father, started Matratva Dairy in Ajmer. And their USP is that the dairy products are made using traditional methods, and the cows are milked in the traditional way.

Matratva Dairy
Ankita with Matratva Dairy's products

7 landmark judgments by the Supreme Court in 2018

Defying a host of stereotypes and norms, the Supreme Court of India passed several monumental rulings this year. Whether it is opening up the Sabarimala temple to menstruating women or scrapping the Section 77 of the Aadhaar Act – here’s a look at the 7 judgements that made news in 2018.

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