
Flipkart Freedom Sale starts tonight: Top deals on iPhone 16, Galaxy S24, Nothing Phone 3a and more
The retailer is again rewarding its Plus and VIP subscribers with extra benefits. Alongside their 24hour early access, these members will also receive a 10 per cent additional discount when they redeem their Flipkart Super Coins in combination with existing offers. Flipkart has confirmed that banks will be partnering with the platform to provide instant discounts of up to 15 per cent on eligible purchases during the sale period.The 2025 edition of the Freedom Sale will also introduce a host of themed promotion periods. Across the event, 78 separate shopping windows will roll out throughout the day, each one focusing on a particular type of deal. Flipkart has revealed that these include 'Freedom Deals', 'Rush Hours', 'Tick Tok', 'Exchange Offers' and 'Bumper Hours', designed to maintain a steady flow of bargains as the event unfolds.Flash deals and quickfire 'rush hour' discounts will be spread throughout the sale, ensuring that shoppers who log in at different times of the day have the chance to catch special pricing on popular products.With the timing of India's Independence Day shopping season traditionally driving a surge in online spending, Flipkart is preparing for a flood of traffic from bargain hunters eager to pick up gadgets, home appliances and lifestyle products.- Ends
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The Hindu
6 hours ago
- The Hindu
Deep ties: on India-Maldives ties
Prime Minister Narendra Modi's visit to the Maldives last week, after an invitation by Maldives President Mohamed Muizzu to be a special guest for the country's 60th Independence Day, signalled the full return of relations to the closeness they held during the previous Ibrahim Solih government. Although the two leaders had not gotten off to the best start in 2023, after Mr. Muizzu's surprise win, backed by an 'India Out' campaign — this was followed by a 'Boycott Maldives' social media campaign in India — they have been on the mend for the past year. During Mr. Muizzu's 2024 state visit to India, India had announced measures including lines of credit and a currency swap arrangement to support the Maldives during its economic troubles. Mr. Muizzu reflected gratitude when he described India's role in the Maldives as 'pivotal' and Mr. Modi reciprocated the warmth. India announced a line of credit worth $565 million (₹4,850 crore) and reduced the annual debt burden for Maldives on previous Indian lines of credit by 40%. There was also the launch of India-Maldives Free Trade Agreement negotiations, which will be a significant driver of future engagement. There was the signing too of MoUs for cooperation in fisheries, meteorological sciences, digital solutions and pharma, as well as a digital and rupee-rufiyaa national currency payments agreement. Over the past six decades, India has cultivated a strong security partnership with the Maldives, including trilateral national security consultations with Sri Lanka, and it is significant that after Mr. Modi's visit, Mr. Muizzu welcomed Sri Lankan President Anura Kumara Dissanayake for a state visit. The Maldives visit was also a reaffirmation of the importance of India's 'Neighbourhood First' policy, at a time when Indian foreign policy is facing headwinds linked to the U.S.'s trade tariffs and the conflicts in Ukraine and Gaza. The conflict with Pakistan after the Pahalgam attacks, and tensions with Bangladesh have engaged the government's attention. New Delhi has also been preoccupied with reaching out to different countries, following Operation Sindoor, but did not send delegations to neighbouring countries. It is heartening that New Delhi is preparing to welcome Nepal Prime Minister K.P. Sharma Oli, who has not been invited to India since he took office a year ago. A commemorative stamp by the Maldives for its national day celebrations showed traditional Indian and Maldives boats, which Mr. Modi described as a reflection of India and the Maldives being not just neighbours 'but also fellow voyagers on a shared journey'. In a time of global economic turmoil, a closer engagement with the neighbours — one that shores up their economic needs and supports their plans for development where possible — is essential.


Economic Times
9 hours ago
- Economic Times
UPI transactions rebound in July after June dip
Agencies The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad's operator, the National Payments Corporation of India (NPCI).The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in June. On a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume stood at 628 million, with a daily average value of Rs 80,919 crore. The uptick comes amid growing discussions around the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive for processing small-value UPI-based finance ministry has reduced the incentive for processing small-ticket UPI transactions at small merchant outlets to 0.15% per transaction from 0.25% last year, ET reported on Friday. ICICI Bank has started passing on some of the charges to its payment partners, news platform The Head and Tale reported earlier this week. Other digital payment channels also recorded growth in July, excluding Immediate Payment Service (IMPS) processed 482 million transactions worth Rs 6.31 lakh crore, compared with 448 million transactions and Rs 6.06 lakh crore in June. Transactions via the Aadhaar Enabled Payment System (AePS) rose to 103 million from 97 transactions declined to 371 million from 386 million the previous month. Last month, ET reported that Fastag's growth had stagnated, with minimal traction in the last financial year due to the lack of new use cases beyond toll its launch in 2016, UPI has grown rapidly, driven by government initiatives following demonetisation, increasing smartphone penetration and adoption by private players such as Google Pay, PhonePe and Paytm. As of May 31, UPI had 65 shareholders, including public sector, private and foreign the financial year ended March 2025, NPCI reported a 41.7% increase in net profit to Rs 1,552 crore, as per credit ratings firm ICRA. As a not-for-profit entity, NPCI classifies profits as revenue surplus. Its standalone revenue rose 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in of July, Google Pay and PhonePe continued to dominate the UPI ecosystem, together accounting for more than 80% of the market. Emerging players such as Flipkart-backed Navi, Bhim and Cred are gradually expanding their presence by offering cashbacks and other incentives. NPCI has yet to release app-wise transaction data for discussions around the long-term sustainability of UPI have gained momentum. Speaking at an event in Mumbai last week, Reserve Bank of India governor Sanjay Malhotra highlighted the need to make UPI payments financially viable, suggesting that either the government or end-users would have to bear the cost of running the digital payments industry has also been urging the government to reinstate the merchant discount rate on UPI payments. However, the government has reiterated that UPI will continue to be free for platform has experienced service disruptions in recent months, affecting all major UPI apps and several banking applications. NPCI attributed a major outage on April 12 to a surge in application programming interface (API) requests, particularly from banks excessively using the 'Check Transaction' API, which led to a slowdown in the system and a drop in payment success rates. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
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Business Standard
9 hours ago
- Business Standard
Let market forces decide price for e-waste, electronics firms tell Delhi HC
Electronics product manufacturing companies, such as Samsung and Voltas, told the Delhi High Court on Friday that the government should allow market forces to determine the price of electronic waste instead of fixing those prices itself. The electronic waste disposal rules mandate a minimum payment of Rs 22 per kg to recyclers, which the companies claim will significantly increase their costs. The companies are seeking to have these rules quashed, arguing that they are commercially unviable and go against the objectives of the Environment Protection Act (EPA). India's e-waste management is governed by the E-Waste (Management) Rules, 2022, which became effective on April 1, 2023. These 2022 rules build upon the 2016 rules, which first introduced the concept of Extended Producer Responsibility (EPR). Companies such as Samsung, Voltas, and LG have opposed these rules before the Delhi High Court. An EPR certificate is a document that demonstrates a company's commitment to environmentally responsible waste management. It signifies compliance with regulations regarding the collection, recycling, and proper disposal of products, particularly electronic waste, plastic waste, and batteries. The Central Pollution Control Board (CPCB) in India issues these certificates to producers and importers of various products. The government's objective under the new rules, the companies argued, is to incentivize recyclers rather than solely protect the environment. However, the court remarked that the "move to incentivize the recyclers" was also aimed at "protecting the environment." The lawyer for the electronics companies told the court that the EPR mechanism was working successfully. With the new price regulations, the costs they need to pay to recyclers have increased significantly. The companies claimed that with the minimum and maximum percentage caps of 30 per cent and 100 per cent, respectively, prices have gone up. "Price regulation is being done by the Central Pollution Control Board (CPCB). We need to find a solid legal basis for these new rules," argued the counsel for the companies. He also argued that the new, increased prices felt like a 'penalty' for the companies despite their compliance with the rules. The government had told the court in the previous hearing that it should dismiss the pleas from the electronic companies, stating that they were driven by commercial considerations.