Flipkart

• The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns majority of the Indian e-commerce firm.
• The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation’s Ministry of Commerce and Industry, told Flipkart that its proposed plan to enter the food retail business does not comply with regulatory guidelines — though it did not elaborate.
• While announcing the plan to enter the nation’s growing food retail market the company planned to invest $258 million in the new venture.

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• E-commerce firms Amazon and Walmart’s Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity.
• The companies said in their statements that they were resuming services in green and orange zones, districts that have seen less severe outbreak of the coronavirus, across the country. Green and orange zones account for 82% of India’s 733 districts.
• Amazon, Flipkart, Snapdeal, and Paytm Mall have resumed accepting — and delivering — orders containing non-essential items, and Uber and Ola will resume their cab rides in the green and orange zones.