The investing world is enthralled by a determined Beijing as it cuts China’s private sector down to size by relentless regulatory action. India’s more subtle manoeuvres in the same direction are going largely unnoticed.
Intel’s investment arm will pay some $255-million for a small stake in Reliance Industries’ digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate pay down debt.
Amazon.com founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small retailers pledged to protest its pricing practices.
SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled.
In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
Naspers, Africa’s largest company by market value, said its expects earnings grew by as much as a third in the latest financial year.
Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
Naspers said on Monday that it has concluded the sale of its 11.2% stake in Indian e-commerce company Flipkart, realising $2.2-billion (about R32.2-billion) in proceeds.
In the TalkCentral podcast this week, Duncan McLeod and Regardt van der Berg chat about communications regulator Icasa’s hearings last week into pay-television in South Africa. What was said, and what is likely to