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  1. The development comes right after India’s anti-monopoly regulator Competition Commission of India (CCI) approved the acquisition of homegrown e-tailer Flipkart by Walmart.
  2. The portal has partnered with International Institute of Fashion Design (INIFD) Good Earth, House of Anita Dongre, Apple Music and Fashion Revolution. Videos of the portal can be viewed on Facebook, the release said.
  3. Alibaba in late May invested $214 million in Babytree, valuing the 11-year-old firm at 14 billion yuan ($2 billion), betting on the latter's business growth amid China's easing of control over decades-long family planning policy.
  4. The draft norms should be progressive to help promote startups, growth and create new jobs, says Niti Aayog's CEO.
  5. Flipkart’s reduction in commission and fixed fee would be applicable across various price points in the new policy compared to changes it had brought about in April, which was largely for low-priced products.

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