Direct selling firm Amway India plans to strengthen its digital infrastructure to benefit from India's fast-growing e-commerce sales. Amway India CEO Anshu Budhraja said that in the next five years, the company will invest up to five million, which will be used to ensure that the company's "website stays relevant,...
Walmart Acquires 77% Stake in India's Flipkart
Bentonville, AR-based Walmart has acquired a 77% stake in Bangalore-based e-commerce company Flipkart for $16 billion. Walmart and Flipkart will remain separate brands with the goal of transitioning Flipkart to a publicly-listed, majority-owned subsidiary in the future. "India is one of the most attractive retail markets in the world, given...
Amazon Attributes Success in India to 'Glocalization'
In India since June 2013, Amazon took nearly three years to reach a seller base of 100,000. However, within twenty months, this base increased three-fold. Amazon’s strategy in India is 'Glocal'– the ability to think globally but act locally – adopting global principles of selection, pricing and convenience, while creating...
Fox's Star India Secures Indian Cricket Rights for $940 Million
Outbidding peers Sony Entertainment Television and Indian telecom major Reliance Jio, Fox’s Star India retained worldwide TV and digital rights for all international cricket matches to be played in India through 2023 in a $940 million deal. This agreement will bolster Star India's sports network, as well as boost content...
HBR: Why Global Firms Should Continue Investing in India
In an article in the Harvard Business Review, Vijay Govindarajan, Coxe Distinguished Professor at Dartmouth’s Tuck School of Business, and Ravi Venkatesan, former chairman of Microsoft India and Cummins India, discuss 3 Reasons Global Firms Should Keep Investing in India. Excerpts from the article: India's infrastructure spending is growing "Companies...
Google Cloud Platform Launched in India
Google announced that its first Google Cloud Platform region in Mumbai, India, is now live. It offers several services including computing, big data, storage, and networking. Customers will be able to pay in Indian currency for the services. The launch marks Google's entry into this domain in India where it trails...