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GoDaddy to connect WhatsApp business with Sellbrite

2019-04-23T11:53:08+00:00April 23rd, 2019|Uncategorized|

Online web hosting company GoDaddy plans to bring Sellbrite to business users of WhatsApp in India as it looks to increase its client base in the country. GoDaddy, which says it has around one million customers in India, said on April 10 that it would acquire Sellbrite, a platform that allows small sellers to list products across online marketplaces such as Amazon and eBay. Scott Wagner, CEO, GoDaddy, said: “The next thinga we are looking to sync up to are [...]

Tata Technologies partners FutureMove Automotive

2019-04-23T11:50:01+00:00April 23rd, 2019|Uncategorized|

Tata Technologies said it has inked a pact with China's FutureMove Automotive to develop connected mobility solutions for automotive manufacturers in China and other markets. The companies signed a memorandum of understanding on the sidelines of the Shanghai Motor Show 2019. Warren Harris, CEO and MD, Tata Technologies, said in a statement: "The relationship with FutureMove will combine Tata Technologies' market-leading connected car service offerings with the platform and technology of FutureMove to provide a suite of services to the [...]

Japan’s M3 acquires DailyRounds

2019-04-23T11:47:38+00:00April 23rd, 2019|Uncategorized|

Japan-based M3 Inc. has acquired a majority stake in DailyRounds, a Bengaluru-headquartered community-based platform for doctors and medical students that counts venture capital firm Accel India as one of its investors. The acquisition marks M3's entry into case-based problem-solving community platform and medical test preparation business in India, a statement said. M3's existing business in India is Health Impetus Pvt. Ltd, a joint venture with Quadria Capital-backed home healthcare services provider Health Care at Home India. Health Impetus, which operates [...]

Royal Enfield enters South Korean market

2019-04-22T10:31:10+00:00April 22nd, 2019|Uncategorized|

Indian bike maker Royal Enfield said it has forayed into the South Korean market. The company, part of Richer Motors, has entered the country by opening its first flagship store in Seoul with Vintage Motors (Kiheung International) as its official distributor partner. Vimal Sumbly, Business Head, Royal Enfield APAC, said: "Our focus is to sustain and expand our reach in international markets especially in Asia Pacific region.” He added that Korea is an important chapter in the growth story and [...]

Bytedance plans $1bn investment in India

2019-04-22T10:23:36+00:00April 22nd, 2019|Uncategorized|

TikTok's parent company Bytedance has revealed plans to invest $1 billion in India over the next three years. The Chinese IT major will reportedly increase its workforce in India to 1,000 people by the end of this year. Bytedance's plans for India come close on the heels of a court-imposed ban on TikTok over allegations of sharing inappropriate content. Helena Lersch, Director (International Public Policy), Bytedance, was quoted as saying: "We are obviously disappointed by the current developments, but we [...]

IFC plans debt investment in Mahindra & Mahindra Financial

2019-04-22T09:29:02+00:00April 22nd, 2019|Uncategorized|

International Finance Corporation plans to make a debt investment of up to $75 million (Rs 525 crore) in non-bank lender Mahindra & Mahindra Financial Services Ltd. The investment will help the non-banking financial company to augment lending to micro, small and medium enterprises, the World Bank's private-sector arm said in a disclosure. IFC said that - apart from the three-year senior, secured debt investment - it may also mobilise additional funding from other investors for the company. Separately, Mahindra Finance [...]

Samsung SDS, Tech Mahindra partner for blockchain platform

2019-04-16T13:57:02+00:00April 16th, 2019|Uncategorized|

Samsung SDS, the software and IT service solutions arm of Korean tech giant Samsung, has announced a collaboration with Tech Mahindra, itself a subsidiary of Mahindra Group, that will see the launch of its Nexledger blockchain platform in India. Tech Mahindra, a market leader in digital transformation services and solutions, will offer Samsung SDS’s Nexledger platform in both the Indian and global market, paving the way for enterprises to leverage the platform’s flexible and scalable, blockchain-driven capabilities. In its press [...]

Foxconn to begin mass production of iPhones in India

2019-04-16T13:55:30+00:00April 16th, 2019|Uncategorized|

Terry Gou, Group Chairman, Foxconn Technology, said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple Inc.’s handsets that has long concentrated production in China. Gou said that Prime Minister Narendra Modi has invited him to India as his Taiwanese company plans its expansion in the country. Apple has had older phones produced at a plant in Bangalore for several years but now will expand manufacturing to more recent models. [...]

Malaysia’s Petronas buys Amplus Energy

2019-04-16T13:52:38+00:00April 16th, 2019|Uncategorized|

Malaysia’s state-owned oil and gas company, Petroliam Nasional Berhad, or Petronas announced the acquisition of Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The $391-million (Rs 2,700-crore) deal marks Petronas global foray into the clean energy space. While from New York-based I Squared Capital holds over a 90 per cent stake in Amplus, the balance is held by the management team led by Amplus Founder, MD and CEO Sanjeev Aggarwal. Petronas said in a statement: [...]

Sterlite Power inks Pampa project pact in Brazil

2019-04-15T13:17:39+00:00April 15th, 2019|Uncategorized|

Sterlite Power said it has signed an agreement for Pampa transmission project in Rio Grande do Sul, Brazil, entailing an investment of $202 million (Rs 1,394.79 crore). Sterlite Power said in a statement: “The agreement is for batch 13, won at energy transmission auction held by ANEEL (Brazilian Electricity Regulatory Agency).” Completion of the project is expected in March 2023 and signing of the pact represents an important milestone in the company’s evolution, it added. The company, however, said it [...]