- Why Flipkart-Walmart and Tata-Bhusan deal will put India on path of over 10% GDP growth There have been numerous presentations, articles, columns since the late 90s about India’s potential and how India can be a super economy in time to come. With the rise and rise of neighbour China in last 10 odd years to unimaginable levels, this dream has not only bigger but also look so close and achievable. […]
- Indian Govt’s Flagship Startup Scheme Slows Down As DIPP Hits Brakes On Funding The Indian government’s $1.47 Bn (INR10,000 Cr ) Fund-of-Funds for Start-ups (FFS) , a part of the Start-up India Action Plan aimed at helping startups gather funds, isn’t seeing much action and it isn’t because of lack of trying, The Indian Express reported. Small Industries Development Bank of India (SIDBI), which manages FFS program, has […]
- Is Xiaomi Setting The Ground For Retail FDI In India? Chinese smartphone maker Xiaomi is reportedly adding a clause to its franchise agreements in India for exclusive Mi Home Stores that will enable it to buy the ownership of these outlets. According to an ET report, the move aims at “preparing the ground for retail foreign direct investment (FDI).” Xiaomi has 37 franchisee-owned Mi Home […]
- Decoding the Tax Implications of the Flipkart-Walmart Deal On Wednesday (May 9), taking advantage of the time difference between Japan, India, and the US, SoftBank chief Masayoshi Son seized a moment that was to go down in history as belonging to Walmart president and CEO Doug McMillon by announcing the biggest ecommerce deal in the history of the world — the Flipkart-Walmart deal. […]
- Post Walmart-Flipkart Union, eBay Breaks Up With Flipkart After months of speculations, when the Flipkart-Walmart union has seen light of the day, eBay has decided to end its strategic partnership with Flipkart. The company is apparently planning to relaunch eBay India with a differentiated offering to focus on cross-border trade, according to an ET report. Its chief executive Devin Wenig has revealed on […]
- Swiggy To Offer Employees $4 Mn Worth ESOPs BuyBack Option There is excitement among Swiggy employees. Its board has approved its first employee stock repurchase programme. The share buyback or ESOPs, which will be implemented in June, is estimated at over $4 Mn (INR 27 Cr). Three people aware of Swiggy’s plans have confirmed the news according to an ET report. With this move, the […]
- Amazon Infuses $385.7 Mn For Trade War Ahead Of Flipkart-Walmart Deal Amazon is pumping fresh capital into Amazon Seller Services, its India unit, to gear up for the trade war against domestic rival Flipkart ahead of the Flipkart-Walmart deal. Amazon Corporate Holdings and Amazon.com Inc have allocated $385.7 Mn (INR2,600 Cr) investment to the Indian marketplace unit, according to filings to the corporate affairs ministry. A recent […]
- Facebook To Make An Entry In India’s B2C Ecommerce Space The ecommerce market of India is getting hotter everyday. At a time when Walmart-Flipkart deal has raised several eyebrows, social media giant Facebook has apparently decided to make an entry into the business-to-consumer (B2C) ecommerce space of India. As per ET report, Facebook has begun talks with several brands and Indian businesses to list on […]
- India Contributed 32% of Xiaomi’s Total Global Revenue of $18 Bn in 2017 India has emerged as the top market for Chinese electronics and software firm Xiaomi Corp. The company has announced that the Indian market contributed 32% of its total global revenue of $18 Bn in 2017 – via three of its top-five sales channels, as per ET report. Xiaomi – in its IPO filing in Hong […]
- Can India Be The Next Silicon Valley? The startup revolution is here and it’s here to stay. For years, if one had to consider a place as the startup hub, more precisely a technological startup hub, they would think of Silicon Valley. It still continues to be the go-to place for tech entrepreneurs and startup visionaries everywhere. But with more cities from […]
- Electric Vehicles This Week: India-Japan Collaborate On EV Development, BYD-Goldstone To Create 10K Jobs In India And More It seems that with electric vehicles, the Indian government is not only trying to curb pollution but is also looking at new avenues of employment. Recently, Hyderabad-based electric bus manufacturer Goldstone stated that it plans to create up to 10,000 jobs in India in the next five years and will soon set up a joint […]
- Amid RBI’s Hate Affair With Cryptocurrency, Venezuela Offers India 30% Discount On Crude Oil Purchases In Petro At a time when India’s Central bank RBI is taking all the necessary measures to curb cryptocurrency trading in India, Venezuela – in order to promote its fiat cryptocurrency Petro – has offered India a whopping 30% discount on its crude oil purchases, given that India uses Petro for the payments. As reported by Inc42, […]