PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
Alibaba will acquire 25 per cent stake in One97 Communications.
Every competitor is eyeing the top slot that Flipkart holds.
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Industry experts said the major pain point would be tax collection at source, which would create a rift between sellers and e-commerce companies.
The revised policy, which has come into effect since last week, means passengers who are looking to skip the long queues at airports will have to shell out a fee for it. For IndiGo, the lowest seat fees is Rs 100 while for SpiceJet it is Rs 99.
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
WhatsApp on Tuesday said its latest policy update does not affect the privacy of messages as the Facebook-owned company sought to address concerns around security of user data on the platform.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
'With Mirzapur characters, you don't know what's going to happen -- mid season, first episode, last episode -- you could be taken out anytime.'
'I can tell shareholders we're going to be very responsible with our capital, we're going to be absolutely execution focused.'
Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.
Paytm will not be available for download now but there will be no impact on existing users of the app. 'The app was blocked for violation of play policies - a clarification of our policy was released earlier today ahead of the IPL (Indian Premier League) tournament,' Google said in an e-mailed response on Friday.
New entity is likely to get a top-up of $200 million from a Chinese investor
In August, RBI allowed 11 business houses to start a payments bank.
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
While Google has market capitalisation of almost $753 billion and Facebook commands one of $515 billion, it is the wealth of user data they have that one fears
Nikesh Arora patiently answered all questions and responded to remarks and observations.
Internet, tech, infra, realty in India might gain
It's the same sourcing norms that have been a hurdle for multinationals such as Apple Inc in setting up retail operations in India.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Sources said the fresh batch of profiles include students whose date of joining has been delayed by Flipkart.
The company is modelling its many ventures on Alibaba in China.
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
Here's a list of the favourites of the billionaires.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
One97 Communications, which owns Paytm, was awarded the title sponsorship rights for India's international home cricket matches for four years after a winning bid of Rs 2.42 crore per match.
Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
From Twitter to Facebook to Spotify, everyone it seems is clambering aboard the social audio bandwagon. Neha Alawadhi reports.
Check out the winners at the News18 Reel Movie Awards 2019.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
'We are against Alibaba investing in Paytm.' 'We are against the concessions given to Paytm.' 'In fact, we want Paytm to close down because of its alliance with Alibaba.'
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
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