India is increasingly a hotbed for commerce, and that trend continues with Nestle, Unilever and Coca-Cola reportedly each bidding for GlaxoSmithKline’s nutritional business, Horlicks of India. According to Reuters, Horlicks will cost more than $4 billion and “initial bids were due on Monday and the...
Payments and commerce competition in India is quickly heating up in 2018, with Google the latest company to make a major play there as it eyes further expansion in Asia. Google said that Tez, its digital payment app designed for the Indian market, will be...
India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters, the plan was laid...
After much speculation – and a fair amount of “will they, won’t they” – it looks like the deal is done: Walmart will be the majority owner of Indian eCommerce up-and-comer Flipkart, with a 77 percent stake. All it will cost them is a cool $16 billion....
January 18, 2019
Indian company Reliance Industries plans to open an eCommerce site geared toward small retailers, one that would rival Amazon and Flipkart, Financial Times reported on Friday (Jan. 18). When speaking at a conference about investments in Gujarat, Chairman Mukesh Ambani said he planned to launch the site in collaboration with Reliance Retail subsidiary and telecom […]
September 19, 2018
India is increasingly a hotbed for commerce, and that trend continues with Nestle, Unilever and Coca-Cola reportedly each bidding for GlaxoSmithKline’s nutritional business, Horlicks of India. According to Reuters, Horlicks...
July 30, 2018
India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp...
May 10, 2018
After much speculation – and a fair amount of “will they, won’t they” – it looks like the deal is done: Walmart will be the majority owner of Indian eCommerce up-and-comer...
