Netflix will roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is rising. In March, the company tested a $3.63 monthly subscription for mobile devices in India, where data plans are among the lowest in the world. According to Media Partners...
Hong Kong's Baring PE Acquires Assets in India
Hong Kong-headquartered alternative asset management firm Baring Private Equity Asia will acquire Chennai and Newark-based AGS Health Private Limited for $320 million. AGS is an analytics-driven, technology-enabled Revenue Cycle Management company providing medical billing, medical coding, and business analytics services to healthcare providers across the U.S. Private equity buyout specialists...
Samsung to Launch India-Centric Smartphones
South Korea's Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground from Chinese rivals such as Xiaomi in the world’s second-largest mobile phone market. According to Hong Kong-based technology researcher Counterpoint, in two of the three 2018 quarters for which...
Apple's India Profit Increases 140 Percent for 2018
According to regulatory documents filed by the company, at $137 million Apple’s India unit registered a 140 percent jump in its net profit for the fiscal ended March 2018. For the previous year, Apple India had registered a net profit of $50 million. During the company’s earnings call in July,...
Canada's Caisse de Depot to Acquire Stake in CLP India
Caisse de dépôt et placement du Québec (CDPQ) proposes to acquire a 40 percent stake, for $476 million in cash, in CLP India Private Ltd, an Indian power generation affiliate of Hong Kong-based CLP Holdings Ltd. CDPQ invests in companies and assets in all investment categories. Completion of the transaction is subject to the...
China Expert Lauds India's Future
China has long been the real engine behind the BRICS but with its own growth slowing now values the concept as a diplomatic forum, says an article in Forbes, written by Hong Kong-based China expert, Douglas Bulloch. The key problem with BRICS has always been that there is little that unites...