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Paytm buys TicketNew from Alibaba

Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth Alibaba — valuing the company at around $30 million. […]

Despite India’s crackdown, new cryptocurrency exchanges are still coming

India’s central bank has forbidden banks from having any business relationships with cryptocurrency exchanges.However, instead of killing the ecosystem, more cryptocurrency exchanges are now planning to launch in India. Read on to find out why exchanges are not giving up on this market and how they are hedging their bets. Despite India’s crackdown, new cryptocurrency […]

Starbucks has exceeded expectations in India

We’re happy with the franchise and see a lot of scope for growth, says L. Krishnakumar, global CFO at Tata Global Beverages, discussing the company’s joint venture with Starbucks. Watch the video at https://www.cnbc.com/video/2018/05/14/starbucks-has-exceeded-expectations-in-india.html SOURCE: CNBC (2)

China’s plans to import Indian drugs fail to enthuse pharmaceutical firms

China’s much-publicised announcement to slash tariffs on 28 medicines, including cancer drugs from India, has failed to create any buzz among the Indian pharmaceutical firms here as exports to China are possible only after lengthy field trials and approvals, which could take years, an official at an Indian firm has said. Read the full story […]

SoftBank in talks to invest big money in Paytm Mall

SoftBank has held early discussions to invest more in Paytm Mall even as it makes up its mind about selling its significant minority stake in rival Flipkart to Walmart, said two people familiar with the development. Read the full story https://timesofindia.indiatimes.com/companies/softbank-in-talks-to-invest-big-money-in-paytm-mall/articleshow/64157755.cms SOURCE: Times of India (3)

Expect more government-related investments in India

India’s economy is emerging from the “twin shocks” caused by demonetization and the introduction of the goods and services tax, says Sonal Varma of Nomura. Watch the report at https://www.cnbc.com/video/2018/05/07/expect-more-government-related-investments-in-india-economist.html SOURCE: CNBC (0)

Indians get 63 per cent of H-1B visas

The number of H-1B visas for ‘initial employment’ issued to Indians dipped by 4% in the 12-month period ending September 30, 2017. In all, 67,815 visas were approved by the US authorities for Indian aspirants as compared to 70,737 in the 2016 fiscal. Read the full story at https://timesofindia.indiatimes.com/business/india-business/despite-4-per-cent-dip-indians-get-63-per-cent-of-h-1b-visas/articleshow/64086781.cms SOURCE: Times of India (2)

Flipkart deal unhealthy: CAIT

The Confederation of All India Traders ( CAIT)has sought “immediate intervention” by the government in the proposed acquisition of Flipkart by US-based Walmart, claiming that the deal would encourage predatory pricing and malpractices in the e-commerce sector. Read the full story at http://www.thehindu.com/business/Industry/flipkart-deal-unhealthy-cait/article23805278.ece SOURCE: The Hindu (3)

Asia’s imbalance of power

The leaders of China and India meet in the city of Wuhan this week for an unusual summit. India’s prime minister and China’s president won’t have aides in the room; there will be no written notes and no joint statement afterward. There will be, we are told, no agenda. Read the full story at https://www.bloomberg.com/view/articles/2018-04-26/power-imbalance-between-india-and-china-has-grown-lopsided?cmpid=socialflow-facebook-asia&utm_content=asia&utm_source=facebook&utm_medium=social&utm_campaign=socialflow-organic […]

What’s going on with Flipkart?

Bengaluru, India’s Silicon Valley, has lately become obsessed with the rumours that Flipkart is on the block and may be acquired either by American retail giant Walmart or e-commerce major Amazon. Flipkart’s impending sale is being discussed everywhere as what happens to the company will be impact the whole ecosystem. Read the full story at […]

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