Tag: India.
NEW DELHI (Reuters) – India’s ambitions to become a smartphone-making powerhouse are foundering over a and part suppliers along with a complex tax regime, industry executives say. Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan ‘Make in India’, to boost the sluggish economy and create millions of jobs. Among the headline-grabbing […]
MUMBAI (Reuters) – First he tried messaging friends, but WhatsApp was down. Then, the credit card readers at his clothing store weren’t working. Ride-sharing apps were offline too. Harsh Madhok, who runs a clothing business in Jaipur, a city of three million people, had read about internet shutdowns elsewhere in India. Now he was in […]
NEW DELHI (Reuters) – India’s aggressive push to electrify all new vehicles by 2030 is compelling auto part manufacturers and carmakers to draw up early plans for electrification, company executives said. A new auto policy is in the works and will include a roadmap for electric vehicles, a government official said, adding that this is […]
News highlights for 17 August 2017 Hyundai plans long-range premium electric car in strategic shift SEOUL (Reuters) – Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla […]
The only likely winner in India is now Amazon. Snapdeal has ended merger discussions with Flipkart in a move that, I think, snuffs out the one chance the local players had to keep Amazon at bay. At the same time Softbank is now looking at committing $1.5bn – $2bn into Flipkart in a move that I […]
ITEM: Reliance Jio’s decision to follow up its free data gimmick with a free 4G feature phone has raised questions about whether the phone is a violation of net neutrality. The so-called JioPhone is a low-cost feature phone that Jio will offer for a refundable deposit of 1,500 rupees (a little over $23), with the basic objectively of […]
Down at the PayExpo Middle East and North Africa (MENA) in Dubai this year, I saw an excellent presentation from Uber India. One of the most interesting things I learned was that because most Indian Uber rides are paid for in cash, the Modi government’s radical experiment in currency reform hit them hard. As cash vanished […]
News highlights for 12 December Bill Gates, investors launch $1 billion clean tech fund (Reuters) – Microsoft co-founder Bill Gates and a group of high-profile executives are investing $1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement. Read more… EU fines Japanese […]
MUMBAI/NEW DELHI (Reuters) – Digital payment providers in India have mobilized hundreds of extra workers to enrol small merchants and offered their services for free, betting that severe cash shortages will prove to be the opportunity of a lifetime. Signing people up, however, may be the easy part. Getting shops and customers to change their […]
MUMBAI (Reuters) – India started its biggest ever telecoms airwaves auction on Saturday, receiving 535.31 billion rupees ($8.04 billion) worth of bids on the first day of the sale, a senior government official said. Market leaders Bharti Airtel Ltd, Vodafone’s local unit and Idea Cellular Ltd are pitted against new entrant Reliance Jio Infocomm Ltd […]
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