| | JUNE 20258Walmart's Flipkart is now able to provide loans directly to buyers and sellers on its marketplace after obtaining a lending license from the Indian central bank and banking regulator.For the first time, a major Indian e-commerce company has been awarded a non-bank financing company (NBFC) license by the Reserve Bank of India, which permits it to provide loans but not accept deposits.With a lending license, Flipkart, the biggest e-commerce company in India, will be allowed to lend directly, which would be a more profitable business model for the group than the majority of e-commerce platforms that presently offer loans through partnerships with banks and NBFCs.Flipkart Finance Private Limited received the central bank's certificate of registration, which formally acknowledges a business as an NBFCIn a few months, the e-commerce behemoth might start lending money.The conclusion of several internal procedures, including the appointment of important management staff and board members and the development of business strategies, will precede a final decision regarding the launch.Flipkart intends to provide direct loans to its clients through its well-known e-commerce site and its fintech application, super.money. Additionally, it might provide platform merchants with finance.Flipkart is moving its holding company from Singapore to India. The company was last valued at $37 billion in 2024, when it raised $1 billion in a capital round backed by Walmart. Additionally, Walmart wants to go public with the 17-year-old business.In 2018, Walmart acquired a majority share in Flipkart, granting them control over PhonePe, a fintech company that was also getting ready for an initial public offering.The central bank has not yet approved the acquisition of Bengaluru-based non-bank lender Axio by Flipkart's rival Amazon earlier this year. FLIPKART ATTAINS LICENSE FROM CENTRAL BANK TO PROVIDE LOANS TO BUYERS, SELLERSIN FOCUSDassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country's aerospace manufacturing capabilities and supporting global supply chains.Dassault Aviation and Tata Advanced Systems Limited have entered into four Production Transfer Agreements to produce the Rafale fighter aircraft fuselage in India, which represents a major advancement in enhancing the nation's aerospace manufacturing capabilities and bolstering global supply chains.This facility signifies a substantial investment in the aerospace infrastructure of India and will act as a vital center for high-precision manufacturing. As part of this collaboration, Tata Advanced Systems will establish an advanced production facility in Hyderabad to manufacture essential structural units of the Rafale, such as the lateral shells of the rear fuselage, the entire rear section, the central fuselage, and the front section."For the first time, Rafale fuselages will be produced outside France. This is a decisive step in strengthening our supply chain in India. Thanks to the expansion of our local partners, including TASL, one of the major players in the Indian aerospace industry, this supply chain will contribute to the successful ramp-up of the Rafale, and, with our support, will meet our quality and competitiveness requirements", says Eric Trappier, Chairman and CEO of Dassault Aviation. DASSAULT AVIATION PARTNERS WITH TATA TO MANUFACTURE RAFALE FIGHTER AIRCRAFT FUSELAGE IN INDIAIN FOCUS
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