A summary of an interview with Sandhya Devanathan, Meta's head in India: Sandhya Devanathan, who has led Meta's operations in India for nearly two years, discusses the company's significant growth and challenges in the Indian market. While Meta has experienced substantial business expansion and increased user engagement across Facebook, Instagram,...
India's Jio: Magnet for American Investment
In the midst of the Covid-19 pandemic almost $9 billion of American money has flowed into India's largest telecom provider, a 4G player named Jio. Facebook recently invested $5.7 billion in Jio, the telecom provider owned by Reliance Industries, the largest private sector company in India. "We're making a financial...
Smart Phone Sales Continue to Rise
Smartphone suppliers in India shipped 46.6 million units in the most recent quarter, an increase of 9.3 percent from the previous quarter. The average selling price is much lower than in the West, just $159 and top brands are all Asian companies, Xiaomi, Samsung, Vivo, Realme and Oppo. However. the iPhone...
Blackstone Bullish on Real Estate in India
New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
India's Airtel, Reliance Jio to Start Voice over Wi-Fi Services
New Delhi-based Bharti Airtel and Navi Mumbai headquartered Reliance Jio Infocomm (RJio) are in advanced stages of testing Voice over Wi-Fi (VoWi-Fi) services, a technology that keeps users connected even without a mobile signal. This move will enable telecom companies to take on over-the-top players such as Skype, WhatsApp, Hike, Facebook...
India Recorded Over 4.5 Billion Downloads in Three Months
Cosnumers in India India installed more mobile apps than any other country in the first quarter of 2019. According to latest data from app intelligence firm Sensor Tower, based in San Francisco, CA, India installed more than 4.5 billion mobile apps during that period. TikTok, WhatsApp, Like, Hotstar, Facebook, Messenger,...