India's Ministry of Commerce and Industry released new changes to the FDI policy for the e-commerce sector which aim to cut predatory pricing and deep discounting by large e-commerce retailers to ensure a "level-playing field" for smaller and multi-channel players, as well as the brick and mortar retailers. The guidelines...
Small Grocery Stores in India Digitize
With the grocery business in India being dominated by big names such as Flipkart, Walmart, Amazon and Grofers, as well as supermarket chains, smaller family-owned kirana stores are finding ways to stay relevant in this sector. The biggest advantage the kirana's have is proximity to the customer as well as...
Warburg and Blackstone Bullish on Real Estate in India
New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...
U.K.'s Mubi Streaming Services Expands to India
In 2019, London-based Mubi will enter India's growing and competitive streaming market as Netflix, Amazon and Fox's Hotstar all continue to up their investments in the world's second most populous nation. Addressing a session at the ongoing Mumbai Film Festival, Mubi CEO Efe Cakarel said that 2019 is "when the...
Amazon to Buy Stake in India's Future Retail
Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...
Amazon Takes Steps to Boost its Position in India
After launching Project Armada to improve its logistics services in the U.S., Amazon has introduced the plan in India. Under this project, Amazon will partner with logistics companies in India which will give vehicles on lease to Amazon's sellers to effect deliveries. This step enables the company to cut down...