China's e-commerce giant Alibaba, which completed the world's largest initial public offering ever this month, has won approval from authorities in Beijing to establish a private bank as it diversify into financial services.
It is watching e-commerce policy fineprint before spelling out India plan
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
While global competitors Amazon and Walmart are looking to explore B2B online in India, traditional Indian retailers like the Future group and Reliance Retail and e-commerce players such as Snapdeal and Flipkart have no immediate plans in this area.
E-commerce has become a success in China as it overtook the US as the world largest online retail market.
Wang ranked second on the list this year, with a fortune of 145 billion yuan.
Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.
Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
@015 has been a good year so far in terms of importan private equity deals.
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
Flipkart claims to have more than 90,000 sellers on its platform.
Bigbasket's founder V S Sudhakar said his company was reengineering its supply chain to allow for faster delivery to its resellers and to reduce the time from farm to customer.
The largest deal of this year was Centerbridge Partners LP investing $1,157 million in Senvion SE for 100% stake from Suzlon Energy.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
The Chinese financial giant, which had invested in One 97 Communications since 2015, has seen a sharp decline of 45 per cent, or Rs 2,125 crore, in its stake value since the Reserve Bank of India (RBI) took action against Paytm Payments Bank on January 31. One 97 shares closed at Rs 422.6 a share on Monday. The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over one year.
Internet company Yahoo!'s co-founder Jerry Yang has quit the company he founded 17 years ago.
The company's revenue fell by one per cent to $1.20 billion in the July-September quarter of 2012.
Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over $181 billion.
Sharapova is not just one of the world's top tennis players but a brilliant business woman.
Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600-crore initial public offering (IPO) with the Securities and Exchange Board of India.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
It already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group , white goods producer Qingdao Haier and flag carrier Air China to target customers abroad.
Jack Ma, China's billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations.
Its market capitalisation tops those of the 3 largest Indian firms combined
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
Xiaomi easily broke their record from the same event last year.
Grocery e-commerce platform BigBasket has faced a potential data breach which could have leaked details of its around two crore users, according to cyber intelligence firm Cyble. The company has filed a police complaint in this regard with the cyber crime cell in Bengaluru and is verifying claims made by cyber experts.
Amazon India, Flipkart and Snapdeal are currently locked in a battle for market leadership in the burgeoning Indian e-commerce sector.
Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to US private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price tag.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
It is part of a global strategy to shrink the footprint. It will be shutting operations in a few countries, including Australia.
India's e-commerce sector is expected to touch $22bn in 2015.
Paytm is banking on its offline network of merchants to fight bigger rivals Amazon and Flipkart
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
The company is modelling its many ventures on Alibaba in China.
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
Internet, tech, infra, realty in India might gain
The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The parties are awaiting approval from the Competition Commission of India (CCI).
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances