CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Flipkart has held, talks to buy a stake in which of the following India’s video streaming service?
A
. Jio Cinema
B
. Netflix
C
. Voot
D
. Hotstar
Explanation: 

Detailed explanation-1: -The Indian e-commerce industry recorded USD 5.7 billion in sales during the mentioned period with Flipkart holding 62 per cent market share in GMV, the report said.

Detailed explanation-2: -India is among the fastest-growing markets for Amazon Prime Video (APV) globally, and the content streaming platform is focussing its investments on bringing more content and expanding the service to a larger audience in the country, a top company official said.

Detailed explanation-3: -Launched in India in 2016, Prime Membership now offers four plans. These include Rs 179 monthly plans, Rs 459 quarterly plans, Rs 1, 499 annual subscriptions and the newly launched Rs 599 Amazon Prime Video Mobile plans.

Detailed explanation-4: -Japan’s SoftBank had sold its roughly 20 percent stake in Flipkart to Walmart, which acquired a roughly 77 percent stake for about $16 billion (roughly Rs.

There is 1 question to complete.