Amazon last year said it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping, seeking to expand aggressively in a country where a rising middle class is increasingly shopping online. The fundraising also comes amid speculation Flipkart may be interested in a takeover of smaller rival Snapdeal. Local media have reported SoftBank Group is keen to sell its stake in Snapdeal in exchange for a stake in Flipkart. "We are delighted that Tencent, eBay and Microsoft - all innovation powerhouses - have chosen to partner with us on their India journey," Flipkart's founders Sachin Bansal and Binny Bansal said in a statement. "This deal reaffirms our resolve to hasten the transformation of commerce in India through technology." As part of the fundraising, eBay invested $500 million in Flipkart for a stake, according to a separate statement by both companies. In exchange, eBay will merge its India operations with Flipkart. A Flipkart spokeswoman said eBay.in will continue to operate as a "separate business" within the Flipkart group, which includes fashion portals Myntra and Jabong. The company will assess capital requirements across the group and use the new funds to "add value to ข่าวสด เดลินิวส์ customers, increase shareholder returns and bring us closer to profitability," the spokeswoman said. Ebay, one of the pioneers of online commerce in India, runs a marketplace selling everything from bed sheets to smartphones but with little marketing and few exclusive launches on its India portal sales have lagged behind Flipkart and Amazon. Flipkart did not disclose the amounts invested by Microsoft and Tencent. Prior to the latest round, Flipkart had raised more than $3 billion in funding via 10 rounds, mostly from international investors but it has burnt through cash in a competitive market.
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Mrs May, who recently criticised a decision to drop the word Easter from the name of an annual egg hunt, also spoke of her Christian upbringing in a village vicarage. She said she learned "compassion, community and citizenship" but that they are values we "all hold in common". "These are values that are visibly lived out every day by Christians as well as by people of other faiths or none," she said. Her comments echo those of predecessor David Cameron, who used last year's Easter message to say the country must "stand together" and defend Christian values. Media playback is unsupported on your device Media captionCorbyn: It would be easy to retreat into our private lives Mrs May also used her message to highlight believers in other countries who "practise their religion in secret and often in fear". She said the UK has a "strong tradition" of religious tolerance and freedom of speech. "We must be mindful of Christians and religious minorities around the world who do not enjoy these same freedoms," she said. "We must do more to stand up for the freedom of people of all religions to practise their beliefs openly and in peace and safety." 'Nostalgic nationalists' Mr Corbyn said Christians throughout the world would be remembering "Jesus' example of love and sacrifice, and the Easter message of redemption and peace". "At a time of growing conflict, that message of peace could not have more urgency throughout the world," he said. "We hear painful stories every day, of homelessness, poverty or crisis in our health service - or across the world, of the devastating consequences of war and conflict, including millions forced to become refugees. "We need to respond to these problems head-on, through action and support for social justice, peace and reconciliation.