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...and digital services....
...The follow-on share sale — India’s largest ever — was more than six-times subscribed as bidding in a range of Rs10-Rs11 a share ended on Monday, according to local exchange data....
...For Devas, chief executive officer Ram Viswanathan was joined by Larry Babbio, the former president of Verizon and Devas chair, and Columbia Capital partner Jim Fleming, according to people familiar with...
...125 per cent after data showed the share of delayed payments was rising....
...Nollen of Macquarie said a deal for Star India could be especially well-timed for Disney given the looming transaction with Comcast over the Hulu streaming service....
...S&P Global flash manufacturing and services purchasing managers’ index (PMI) data Japan: Chain Stores Association March supermarket sales UK: ONS March public sector finances and Kantar grocery market...
...Ambani’s telecoms arm Jio has over the past decade become the country’s largest by offering cheap data, in turn fuelling the growth of mobile video and other digital services, an area in which Reliance is...
...Amazon, which will mark its 10th anniversary in India in June, has gained popularity with wealthier urban Indians on the back of Prime, a subscription service that offers faster deliveries, discounts and...
...Financial markets closed India: French President Emmanuel Macron visits India and meets Indian Prime Minister Narendra Modi for the 75th anniversary of Republic Day....
...WhatsApp’s announcement comes weeks after India’s long-delayed data protection bill passed last month....
...Bajaj estimated the potential market size for India’s financial services was “half a billion people”....
...India’s National Stock Exchange is poised to take Hong Kong’s spot among the world’s largest trading venues, the Financial Times reported this week....
...non-independent director on the board of India’s biggest company by market capitalisation....
...And it might share anonymised data with unspecified third-party service providers as well as using it for its own marketing and operational purposes....
...Analysts expect Jio Financial Services to benefit from vast troves of consumer data collected by Ambani’s Jio mobile phone network, India’s largest by subscribers....
...In the first half of the year, foreign portfolio investors almost tripled their holdings in three Indian start-ups — food delivery service Zomato, logistics company Delhivery, and financial services provider...
...and ambition of India”....
...It became the most downloaded video streaming app last month, up from 13th the same time a year earlier, according to mobile analytics company Data.ai....
...Meanwhile, the total market capitalisation of all companies listed on India’s stock exchange is poised to surpass that of those on Hong Kong’s....
...Banks’ gross non-performing asset ratio, a measure of their bad loans, fell to a 10-year low of 3.9 per cent in March, according to central bank data....
...The SoftBank-backed technology company was once a favourite of India’s booming start-up scene and raised $2.5bn in India’s biggest IPO in local currency terms in November 2021, valuing Paytm’s parent company...
...Funding of Indian start-ups fell 75 per cent to $2.8bn in the first quarter of 2023, compared with nearly $12bn a year earlier, according to figures from data provider Tracxn....
...But the experience should be a wake-up call for India’s listed tech companies....
...Its auditor Deloitte had insisted Byju’s overhaul its accounting practices, including recognising revenues over time for its services....
...India’s overseas investment rules prohibit round-tripping arrangements....
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