Flipkart acquires Jabong through Myntra, a deal which had been pursued by rivals Snapdeal and the Future Group. This marks a period of consolidation for the e-commerce industry as investors pressure companies to cut losses, and further acquisitions are likely in this space. ET
The already stressed Adani Group's recent acquisitions of transmission projects with high debts have pushed its overall debt to over Rs 1 lakh crore, creating concerns about the company's growth strategy. BS
Revised minimum spectrum payout charges on Monday will mean hikes in payouts for Reliance Jio and Aircel to the government. The payout does not change for other telecom firms. FE
Arun Jaitley is chairing a meeting of State FMs today to iron out the various issues on the much vaunted GST bill. The government has a lot at stake with the fate of the bill, in appearing business friendly and demonstrating success in passing critical reforms through. FirstPost
Photo of the Day: A ten metre 'man engine' being pulled during a parade in Tavistock England, celebrating the region's mining industry Guardian
