Flipkart is working to bring e-tailers together, to battle political influence of offline retailers like Future Group. Flipkart Chairman Sachin Bansal noted that offline players work to influence government policy in their favor through groups like the Retailers Association of India. ET
Pay hikes for 4.8 million employees and 5.5 million pensioners in the government is likely to drive increased spending in sectors like housing and FMCG. Hikes in staff salaries averaged 23.5%, with maximum salary capped at Rs. 2.5 lakh/month. BS
Delhi University's first cutoff list has steep requirements - cutoffs at Ramjas College for BCom stands at 99.25%, for Electronics in Khalsa at 99%. IE
Avenue Supermarts, parent of DMart, is eyeing a Rs. 1200 crore IPO in 2017. Dmart had reported a profit of Rs 211 crore in FY15, and is one of the fastest growing in the food and grocery segment, beating out Reliance Retail and Future Retail. LiveMint
Facebook is changing its newsfeed to focus more on friends and family. This will affect news publishers with pages on Facebook, who are likely to see a fall in visits and traffic as FB prioritizes pictures of vacations, pets, and babies. NYT
Photo of the day: Ocean sinkhole, called Thor's Well in Oregon, USA. NatGeo
Photo: College cutoffs this year. Source: Indian Express
