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...Krishnamurthy denied that the company currently required funding and added that it would look to list once global market turmoil stabilised....
...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....
...“If you look at the global markets, there was no other mature ecommerce company that existed which could help Walmart compete with Amazon. Flipkart was the only viable asset.”...
...“There is little merit in bucketing cash this way,” wrote Institutional Investors Advisory Service, a proxy adviser, in a note on Monday ahead of the board’s approval of the plan....
...The global environment also soon turned and India’s tech stocks are now trading at steep discounts, with Zomato down 60 per cent from its November high....
...Shares trade at a steep 72 times book value, seven times global peers such as PayPal. They have further to fall....
...Just weeks after Dream11 paid Rs2.2bn for the IPL title sponsorship in 2020, it raised $225m from investors led by Tiger Global Management....
...“When talking to our global family office clients, I can see this trend.” Hywin recently launched a global healthcare fund with a mandate to look at countries including India....
...Unlike Chinese peers, however, it is not shielded from global competition....
...The $1.25bn initial public offering of Zomato in Mumbai, which launched last week, is expected to be followed in the coming months by the $2.2bn listing of Paytm, a payments and financial services app that...
...It is also facing stiff competition in online payments from Western rivals such as Google Pay and PhonePe, a service provided by Walmart’s Indian ecommerce platform Flipkart....
...Partnering a fund controlled by Narayana Murthy, co-founder of IT services group Infosys, Amazon formed a joint venture that in turn owned Cloudtail India, a new company that would sell products ranging...
...Backed by investment from New York hedge fund Tiger Global Management, Flipkart established itself as India’s leading ecommerce site....
...“People need to come to that realisation and deliver useful products or services that consumers are actually willing to pay for.”...
...In 2014 and 2015, foreign investors such as New York’s Tiger Global Management and SoftBank of Japan pumped huge sums into Indian start-ups....
...The tough competition facing Paytm underscores the challenges for India’s homegrown tech companies as the country has chosen to keep its digital sector open to the global groups....
...Netflix, the streaming service with 125m global subscribers, views India as its next major source of revenue growth, not least because the country’s number of internet users has doubled in the past four...
...“Just as Amazon is playing its global strategy in India, so will Alibaba,” says Kashyap Deorah, an Indian technology entrepreneur and author....
...India’s first technology boom began in the 1980s, when companies such as Infosys grew rapidly by performing outsourced IT services for global companies....
...That helped to make it one of the top five non-English language films in history by global theatre earnings....
...Amazon has captured higher-spending customers with last year’s launch of its Prime service, which offers speedy delivery for a flat annual fee, while its Global Store offering has dramatically increased...
...Others argue that countries should cut their losses and focus on service industries....
...increasingly value convenience and quality of service as much as low prices....
...For years, many have glibly summed up their strategy by touting versions of the “think global, act local” mantra....
...On Tuesday it launched its Prime service in India — intended to build a loyal customer base by offering unlimited free shipping — at an aggressively low annual fee of Rs499 ($7.40), compared with $99 in...
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