Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale. The Singapore government’s investment firm Temasek Holdings and Tata Opportunities Fund, which together control 19% of the DTH satellite TV distributor, have initiated a formal process […]
Archives for February 2019
MakeMyTrip may opt out of govt’s OTA accreditation scheme
MakeMyTrip, the country’s biggest online travel aggregator (OTA), plans to opt out of the government scheme on accreditation of OTAs and bed-and-breakfast establishments, stating that it is a technology platform which cannot be assessed for the quality of service of inventory offered on the portal. The tourism ministry had in December issued a set of […]
Amazon CFO says India e-comm norms will impact prices, selection for customers & sellers
India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]
Amazon CFO says India e-comm norms will impact price, selection for customers & sellers
India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]
Tech lobby takes India to task over plans to police online content
An Asian internet lobby group, whose members include Alphabet’s Google and Facebook , on Thursday criticised India’s plans to regulate social media content. The proposal drafted by India’s technology ministry in December would compel Facebook, WhatsApp and Twitter to remove within 24 hours content deemed to be unlawful, including anything affecting the “sovereignty and integrity […]
eBay to re-enter India amidst uncertainty over e-commerce FDI norms
eBay chief executive officer Devin Wenig said the US online marketplace will re-enter India amidst the government’s latest foreign direct investment (FDI) guidelines on e-commerce companies. “There won’t be one or two parties that make up the entirety of the Indian ecommerce opportunity and we certainly intend to have a share of it,” Wenig said […]
Legal experts say Flipkart, Amazon may eye private labels to curb loss
As the revised FDI laws force Flipkart and Amazon to cede control of inventory sold on their platforms, the two firms could look at compensating for loss this with an increased focus on private labels, something which could have the added benefit of yielding higher margins. The government’s notification on December 26 disallowed any seller […]