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May 21, 2015

Copying Alibaba, India e-tailers woo small sellers for growth

MUMBAI (Reuters) – Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers.

India’s biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the bulk of their revenue.

May 19, 2015

Tale of two Indias: City auto buyers go upscale, no-frills minis rule villages

NEW DELHI/MUMBAI, May 19 (Reuters) – As India’s auto
industry matures, manufacturers are facing up to a new reality -
from Mumbai to the provinces, they now have two different
markets to serve, with costs to shoulder and a challenge to
sales and profits.

In big cities, rising incomes and aspirations mean buyers
want compact models with features absent from the bare-boned
minis that first bridged the gap from two-wheeled motorbike
transport to four-wheeled cars. Automatic transmission, extra
luggage space and daring colours are objects of desire.

May 15, 2015

Sistema held talks with RCom over India JV, no sale planned

MOSCOW/MUMBAI (Reuters) – Russian billionaire Vladimir Yevtushenkov, owner of conglomerate Sistema, said on Friday he has held talks with tycoon Anil Ambani’s Reliance Communications about a possible joint venture in India.

Yevtushenkov said he had no plans to sell his Indian telecoms business Sistema Shyam Teleservices, one of the market’s smallest players with nearly 9 million customers and less than a 1 percent market share.

May 15, 2015

Sistema held talks with Reliance over India JV, no sale planned

MOSCOW/MUMBAI, May 15 (Reuters) – Russian billionaire
Vladimir Yevtushenkov, owner of conglomerate Sistema,
said on Friday he has held talks with tycoon Anil Ambani’s
Reliance Communications about a possible joint venture
in India.

Yevtushenkov said he had no plans to sell his Indian
telecoms business Sistema Shyam Teleservices, one of the
market’s smallest players with nearly 9 million customers and
less than a 1 percent market share.

May 14, 2015

India learns to “fail fast” as tech start-up culture takes root

BENGALURU, India, May 14 (Reuters) – After ping pong tables,
motivational posters and casual dress codes, India’s tech
start-ups are following Silicon Valley’s lead and embracing the
“fail fast” culture credited with fuelling creativity and
success in the United States.

Taking failure as a norm is a major cultural shift in India,
where high-achieving children are typically expected to take
steady jobs at recognised firms. A failed venture hurts family
status and even marriage prospects.

May 8, 2015

Myntra bets on own label, mobile shopping in profit push

BENGALURU (Reuters) – India’s biggest online fashion retailer, Myntra, could turn profitable within a year or two as it cuts back on bargains, improves its mobile shopping app and pushes more of its own label garments, a top executive said.

Myntra was bought by local e-commerce giant Flipkart for about $300 million last year, but operates independently.

May 8, 2015

India’s Myntra bets on own label, mobile shopping in profit push

BENGALURU, India, May 8 (Reuters) – India’s biggest online
fashion retailer, Myntra, could turn profitable within a year or
two as it cuts back on bargains, improves its mobile shopping
app and pushes more of its own label garments, a top executive
said.

Myntra was bought by local e-commerce giant Flipkart for
about $300 million last year, but operates independently.

May 8, 2015

Alibaba in talks to buy $1.2 billion stake in India phone maker Micromax: sources

MUMBAI (Reuters) – Alibaba Group Holding (BABA.N: Quote, Profile, Research, Stock Buzz) is in talks with India’s Micromax Informatics (IPO-MINF.NS: Quote, Profile, Research, Stock Buzz) to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest growing markets for the devices, several people with direct knowledge of the matter said.

The deal, if completed, would see Alibaba investing as much as $1.2 billion in Micromax, the second-largest smartphone brand in India by sales, at up to $6 billion, two of the people said. India is the world’s third largest smartphone market and was the fastest growing in the Asia Pacific region in the third quarter of last year, according to industry research firm International Data Corporation.

May 8, 2015

Alibaba in talks to buy $1.2 billion stake in Micromax – sources

MUMBAI (Reuters) – Alibaba Group Holding (BABA.N: Quote, Profile, Research, Stock Buzz) is in talks with Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest growing markets for the devices, several people with direct knowledge of the matter said.

The deal, if completed, would see Alibaba investing as much as $1.2 billion in Micromax, the second-largest smartphone brand in India by sales, at up to $6 billion, two of the people said. India is the world’s third largest smartphone market and was the fastest growing in the Asia Pacific region in the third quarter of last year, according to industry research firm International Data Corporation.

May 8, 2015

Alibaba in talks to buy $1.2 bln stake in India phone maker Micromax-sources

MUMBAI, May 8 (Reuters) – Alibaba Group Holding is
in talks with India’s Micromax Informatics (IPO-MINF.NS: Quote, Profile, Research, Stock Buzz) to buy
an about 20 percent stake in the smartphone maker, helping the
Chinese e-commerce giant expand in one of the world’s fastest
growing markets for the devices, several people with direct
knowledge of the matter said.

The deal, if completed, would see Alibaba investing as much
as $1.2 billion in Micromax, the second-largest smartphone brand
in India by sales, at up to $6 billion, two of the people said.
India is the world’s third largest smartphone market and was the
fastest growing in the Asia Pacific region in the third quarter
of last year, according to industry research firm International
Data Corporation.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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