The development assumes significance as it marks Hyundai’s forray into fleet vehicles. In a move aimed at helping Indian ride-hailing platform Ola catch up, South Korean automakers Hyundai Motor Co and Kia Motors Corp stated, they will invest a combined total of $300 million in Ola. The move follows the $275 million that the pair…
With a population of 1.3 billion and with more than 400 million smartphone users, India is a massive market for streaming service. In less than 7 days, Spotify Technology SA, the world’s most popular paid music streaming service, has racked up more than 1 million unique users in India across its free and premium services.…
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
Grab is expected to close the deal within the next few days, although there is however no certainty to to this. On Monday, the Economic Times, has reported citing two sources briefed on the matter at hand, ride hailing firm Grab is in advanced talks to invest $100 million in Oyo, an Indian hotel-reservations startup.…
Ola is steadily expanding its footprint in overseas markets. Earlier this year, it had forayed into the UK and the Australian ride-hailing markets. On Tuesday, Indian ride-hailing platform Ola said it plans on expanding its operations to New Zealand. The move underscores its latest push overseas as it ups its rivalry with its peer, Uber…
With India being the second biggest smartphone market in the world, Samsung Electronics’ move underscores its strategy of extending its market lead over its peers, which include low cost Chinese peers and Apple Inc’s smartphones. India, the world’s second-biggest smartphone market, has become the home to Samsung Electronics Co’s biggest mobile store in the world.…
Flipkart is the vehicle through which Wal-Mart is fighting back its prime competitor – Amazon.com. On Wednesday, in a move aimed at retaining customer loyalty, Indian e-commerce giant Flipkart stated, it will be launching its second loyalty program later in August 2018, as it move to better fight Amazon.com Inc’s Prime plan. Bengaluru-headquartered Flipkart stated,…
The ongoing battle between Comcast Corp and Walt Disney Co over control of Tata Sky, an Indian pay TV network, as part of their fight for Twenty-First Century Fox Inc, is indicative of the growth potential of the country’s more than 1 billion viewers. Upping the stakes against its peer, Amazon Prime, Netflix Inc premiered…
By 2022, India aims to increase its solar energy capacity by 5 times to 20GW. On Friday, Japanese public broadcaster NHK reported, without citing sources, SoftBank Group Corp has decided to invest $60 billion to $100 billion in the solar industry in India. A formal agreement is expected to be signed soon between the Indian…
The deal essentially acts as a point of entry for Wal-Mart into India’s highly competitive e-commerce market. Flipkart and Wal-Mart can finally level the playing field against Amazon.com, the world’s biggest online retailer. On Friday, as per a Bloomberg report citing anonymous sources, Indian e-commerce giant Flipkart has agreed to sell an a 75% equity…
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