India, looking to attract more global investments in the manufacture of mobile phones, is offering financial incentives and a wealth of plug-and-play facilities, Bloomberg reports. The government plans to focus initially on a few big companies, targeting them with up to 6 percent incentives on...
The pandemic has spurred any number of efforts across various countries to restart economies as they emerge from lockdown. For India, in particular, the coronavirus has exposed some challenges for eCommerce giants such as Flipkart and Amazon – and now, there’s a new initiative to...
India’s Prime Minister Narendra Modi is merging state banks as the country looks for ways to offset a slowdown of the economy, Financial Times reported on Friday (Aug. 30). Ten banks will be consolidated, Finance Minister Nirmala Sitharaman told the outlet – including the country’s...
Nirav Modi, an Indian jeweler accused of bank fraud to the tune of $2 billion, was denied bail in London, reported Bloomberg. According to the report, citing a London judge, bail was denied because there were “substantial risks” that Modi could try to flee the...
November 23, 2017
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. No surprise, tech heavy hitters are in the wings, waiting to deliver.
June 25, 2023
Amazon intends to invest $26 billion in India by 2030 amid increasing competition with Walmart. As Reuters reported Saturday (June 24), the company made that announcement after CEO Andy Jassy met with Indian Prime Minister Narendra Modi during his visit to the U.S. Jassy did not detail the company’s spending plan, though it follows earlier announcements that Amazon Web Services was […]
June 03, 2020
India, looking to attract more global investments in the manufacture of mobile phones, is offering financial incentives and a wealth of plug-and-play facilities, Bloomberg reports. The government plans to focus...
August 30, 2019
India’s Prime Minister Narendra Modi is merging state banks as the country looks for ways to offset a slowdown of the economy, Financial Times reported on Friday (Aug. 30). Ten...
March 20, 2019
Nirav Modi, an Indian jeweler accused of bank fraud to the tune of $2 billion, was denied bail in London, reported Bloomberg. According to the report, citing a London judge,...
