Flipkart hopes for a slice of India's booming payments market, and plans to invest over Rs 670 crore to build its own digital wallet. This would also reduce the company's dependence on cash transactions. The product is being built internally by the team from the company's recent acquisition, payments startup PhonePe. ET
Saudi's top clerics have renewed a fatwa against playing the popular Pokemon Go, saying that it violates religious rules against gambling, and uses symbols like the six-pointed star, which are associated with Israel. BS
Competition in acquiring customers has driven up costs in the foodtech business, Grofers CEO said, leading to company losses of over Rs 24 lakh a day for the firm. But, he says, 'the worst is over'. FE
UltraTech Cement's growth guidance is up from last year's, and the company is set to grow faster than the industry, boosted by ambitious road targets set by the Centre, and increased construction in the second half of the year. ETIG
Photo of the Day: Man with a toothache riding to see a dentist during a curfew in Srinagar. Reuters India
