Flipkart, India's answer to US online giant Amazon, said Saturday its sales would cross the milestone $1 billion-mark this year, ahead of schedule, in the country's exploding e-commerce market. Founded in 2007 by two ex-Amazon.com employees and university friends, Flipkart.com has become India's biggest shopping portal hit and has drawn backers such as New-York based venture capitalists Tiger Global Management LLC. "In March 2011 we announced by 2015 we wanted to hit $1 billion" in sales when they stood at just $10 million, said founders Sanchin Bansal and Binny Bansal, who happen to share the same surname but are unrelated. The Bansals are seen as typical of the new risk-ready breed of entrepreneurs that has emerged in India amid years of fast economic growth, relying not on inherited wealth but their own-start up talents to launch businesses.
BERLIN (AP) — Yulia Tymoshenko, Ukraine's former prime minister, has begun medical treatment at Berlin's Charite hospital, but the doctors caring for her said Saturday it's too soon to say how long the treatment will take and what lasting damage the 53-year-old might have from three slipped discs she suffered while in prison.
Barcelona slumped to their third defeat in seven league games as they lost away to relegation-threatened Valladolid 1-0 on Saturday. Italian Fausto Rossi scored the only goal of the game as he slammed home from close range after 17 minutes. Valladolid goalkeeper Diego Marino was forced into four saves by Lionel Messi, but it was Neymar who had the best chance to level when he ballooned over just before the hour mark. However, the Catalans couldn't find a way through and could fall four points behind La Liga leaders Real Madrid should Los Blancos beat Levante at home on Sunday.