Illustration: Rahul Awasthi Walmart-owned ecommerce marketplace Flipkart has filed a writ petition in the Karnataka High Court challenging an antitrust investigation into its alleged anticompetitive business practices. The move comes days after the same court had stayed the Competition Commission of India’s (CCI) probe following a similar plea by rival Amazon. “We are a party […]
Archives for February 2020
After Amazon, Walmart’s Flipkart challenges India antitrust probe
Illustration: Rahul Awasthi Walmart‘s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc. The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain […]
India connected, shops online
Illustration: Rahul Awasthi The contribution of e-commerce to smartphone, television, air-conditioner and washing machine sales has gone up in 2019 from the previous year, which marketers attributed to continued shift of consumption habit and plethora of price aggressive online launches. Latest data from sales tracker GfK India showed the contribution of e-commerce to total smartphone […]
War with Netflix and Disney looms for India’s top local streamer
By P R SanjaiAs global streaming giants Netflix Inc. and Walt Disney Co. spend millions of dollars to grab viewers in India, a country that could become their biggest overseas market, a homegrown rival is preparing to defend its turf. Zee5, the top domestic streaming platform set up by India’s biggest television broadcaster, is betting […]
WeWork India to go slow, expects profit this year
WeWork India is planning to go slower on its investments than previously planned and is looking to turn profitable by October this year. The local affiliate of the global coworking venture started operations a little more than three years ago. CEO Karan Virwani said the company has gone considerably slow in signing lease agreements for […]
Can acquisitions continue to boost Focus’ earnings?
Being the industry’s most active RIA acquirer paid off handsomely for Focus Financial Partners last year. But can that trajectory be sustained in an increasingly competitive M&A environment, underscored by Morgan Stanley’s blockbuster $13 billion purchase of E-Trade? The closely-followed Focus, the only publicly traded company that owns RIAs, posted impressive growth in key metrics […]
These startups make stars reach out on your special day, at a price
Illustration: Rahul Awasthi Do you want a celebrity to wish you or your loved ones on important occasions? A dedicated set of startups — Tring, Wysh, YoShot, and Celebrify, to name a few — are helping fans, mainly from small towns and cities, connect directly with their favorite television and regional movie stars. These include […]
Flipkart’s wholesale unit may go live next quarter
Illustration: Rahul Awasthi Walmart-owned Flipkart will launch its wholesale business in the upcoming quarter, two sources directly aware of the development said, as it gears up to take on Amazon’s B2B division, Reliance’s Market and Tencent-backed Udaan, apart from other vertical ecommerce startups. Flipkart has over the last few months ramped up its supply chain […]
Association of International Certified Professional Accountants launches job board – Accounting Today
The Association of International Certified Professional Accountants has launched a new online career portal for accounting and finance professionals. Dubbed the Global Career Hub, the board offers resources and services for applicants and employers alike. The Global Career Hub provides resources for all levels of professionals, from students looking for entry-level positions to senior CPAs. […]
How to start a hedge fund from scratch
[embedded content] Josh here – Dan McMurtrie and his partners founded Tyro Partners, a New York City-based hedge fund, at a time when hedge fund closings are much more common than emerging fund launches. Dan lists some of the most important things he’s figured out on his journey. He also talks about how one of […]