News Digest: FreeCharge: Not selling stake to PayPal

		THE TIMES OF INDIA
		Tuesday, December 27, 2016
		Today's Headlines

		Technology
		FreeCharge: Not selling stake to PayPal Dismissing reports that global payments platform PayPal is set to buy a 25% stake in homegrown e-wallet FreeCharge, a company spokesperson has denied any such development. Amazon India's loses double to Rs 3,572 crore in FY16 The pace of spending by Amazon India has only risen this year, as it introduced its Prime service and has also made an aggressive grocery push. Flipkart sees fashion business turning profitable in 2017 Flipkart’s fashion business, including subsidiaries Myntra and Jabong, accounted for about one third of gross sales in the September quarter. More Technology News»

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