While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
US major lost its first mover advantage, now wants to secure its investments in the country.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
After the Ladakh fiasco where Xi Jinping did not expect the Indian Army to resist his land-grabbing tactics, he has to save face before his colleagues in the Communist party.' To bring the threat of a mega-dam to the northern Indian border is a clever move, observes Claude Arpi.
Mukesh Ambani is stringing in new partnerships within the Reliance ecosystem with the best in global business -- from Facebook, Google and Microsoft to umpteen sovereign wealth funds and a soon-to-be-declared strategic partner in a big global retailer, notes Shailesh Dobhal.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.
More opportunity awaits in India, thanks to decent economic growth with a rising middle class that's just discovering the web through smartphones
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Indonesia bid an emotional farewell to the 18th Asian Games on a rain-soaked evening at the Gelora Bung Karno stadium on Sunday with the Olympic Council of Asia (OCA) President hailing the event as a 'historical success'.
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Ebay India MD Latif Nathani says that Indian ecommerce has a long way to go before catching up with the Chinese market.
India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
VCs have been especially bullish about India.
The Alibaba-backed company had introduced the fee on March 8 after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost.
This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
The event will aim at drawing foreign investment in startups and push local partnerships.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
The new entrants are young, enterprising Chinese men and women who want to tap into the promising Indian market.
Prominent print advertisements on Monday pitched Amazon's discount strategy against Flipkart's.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
It hopes to leverage the growing number of mobile transactions
Alnoor Peermohamed & Raghu Krishnan find out why the new CEO is said to be the perfect man for turning around Flipkart's fortunes.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
In India, Amazon has taken an open cheque policy by sinking in over $2 bn to grow its business and tried to build local innovations to help it score over local players Flipkart and Snapdeal.
The year 2017 could be the third year of a double-digit growth in arrivals from China after years of low single-digit growth
A Chinese company named Shanghai AdUps has been sending massive data about phones and users to servers in China.
Estimates suggest Sina Weibo has over 500 million users.
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