Walmart to buy Flipkart stake

New Delhi 

The world’s largest retailer Walmart is said to be in advanced discussions to invest $1 billion for a minority stake in e-commerce major Flipkart, a move aimed at taking on their common rival Amazon in India. Walmart and Flipkart are in discussions for forging an alliance, sources said. PTI

Airtel new intl roaming packs

Airtel on Wednesday said its customers could enjoy free unlimited incoming calls on international roaming while travelling to popular destinations such as the US, Canada, the UK and Singapore. That apart, Airtel's new international roaming packs will also offer free text messages to India and "ample data benefits" along with free India calling minutes across popular destinations, the company said. PTI

Competitiveness: India ranks 39

India has climbed 16 places to the 39th rank on the Global Competitiveness Index prepared by the World Economic Forum as improved business sophistication and goods market efficiency pushed its ranking higher. The list is topped by Switzerland as the most competitive economy. Singapore and the US are at the second and third spots, respectively.  PTI

Washington

Jim Yong Kim is WB president

Executive Directors of the World Bank on Tuesday agreed unanimously to reappoint Jim Yong Kim to a second five-year term as president of the multilateral development bank. “The directors cited the achievements of bank group staff and management during Kim’s first four years in office, and recognised his vision,” the bank said, adding that his second term will begin on July 1. IANS