Flipkart Receives RBI's Approval to Offer Direct Consumer and Seller Loans:

Flipkart, owned by Walmart, has secured a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI), making it the first large e-commerce platform in India to receive such a license. This move enables Flipkart to directly lend to customers and sellers on its platform, although it cannot accept deposits under this licence. The move marks a significant shift in e-commerce-led financial services in India.