Tag: India
Amazon may invest $100mn in India’s Apollo Pharmacy to strengthen foothold
According to reports, US-based eCommerce giant Amazon is considering a nearly 100 million investment in India's Apollo Pharmacy chain, challenging the country's Reliance Industries...
Walmart begins preparation for Flipkart’s $10bn IPO
Retail giant Walmart has hired Goldman Sachs, the multinational investment bank and financial services company, to explore an initial share sale of its Flipkart...
Uber, Ola approved to charge 20% commission on fares in India
According to recently issued guidelines, India will allow app-based taxi aggregators such as Uber Technologies and Ola to charge up to 20 percent commission...
Reliance-Future Group deal gets nod from India’s CCI; Setback for Amazon
India's antitrust body has cleared the $3.4 billion deal by the country's conglomerate Reliance Industries to purchase the retail assets of Future Group, hindering...
Ambani’s Reliance Retail completes fundraising after $6.37bn pours in
After more than half a dozen investors poured $6.37 billion into a 10.09 percent stake in the company in two months, India's Reliance Industries...
India’s Flipkart acquires homegrown AR startup Scapic; Aims better virtual customer...
In an attempt to boost its immersive shopping experience capabilities for customers, Walmart's Indian subsidiary Flipkart Group has acquired Augmented Reality (AR) startup Scapic.
As...
India’s Zomato raises $195mn from global investors ahead of IPO
According to a regulatory filing, Zomato, the leading food delivery company based out of India, raised $195 million from global six investors.
"Zomato Pvt Ltd...
India to get 100mn Oxford vaccine shots by December: Serum Institute
The world's largest vaccine producer, Serum Institute of India, is ramping up production of the COVID-19 shot from Oxford-AstraZeneca, hoping to have 100 million...
