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Mar 25, 2015

Wipro seeks bigger digital market share with “commando” unit

MUMBAI (Reuters) – India’s third-largest IT services exporter Wipro (WIPR.NS: Quote, Profile, Research) is setting up a “commando force” unit next month that will target clients seeking to speed up automation and do more business online, an executive told Reuters.

Rajan Kohli, who will head the newly formed Wipro Digital business, said the unit aimed to generate $1 billion in annual revenue within three years, which would make it one of the company’s top sources of revenue.

Mar 25, 2015

India’s Wipro seeks bigger digital market share with “commando” unit

MUMBAI, March 25 (Reuters) – India’s third-largest IT
services exporter Wipro is setting up a “commando
force” unit next month that will target clients seeking to speed
up automation and do more business online, an executive told
Reuters.

Rajan Kohli, who will head the newly formed Wipro Digital
business, said the unit aimed to generate $1 billion in annual
revenue within three years, which would make it one of the
company’s top sources of revenue.

Mar 20, 2015

Investors fret over exit as prices for start-ups soar

MUMBAI (Reuters) – As billions of dollars flow into India’s booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings and limit their options when it comes to turning paper profits into cash.

India’s rising number of smartphone users, cheaper internet costs and a vast middle class have turned it into one of the hottest markets for investors such as Singaporean wealth fund Temasek Holdings, venture capitalists Accel Partners and Japan’s SoftBank Corp.

Mar 20, 2015

Investors fret over exit as prices for India’s start-ups soar

MUMBAI, March 20 (Reuters) – As billions of dollars flow
into India’s booming online economy, some investors are
beginning to fret that soaring valuations could hamper market
listings and limit their options when it comes to turning paper
profits into cash.

India’s rising number of smartphone users, cheaper internet
costs and a vast middle class have turned it into one of the
hottest markets for investors such as Singaporean wealth fund
Temasek Holdings, venture capitalists Accel Partners
and Japan’s SoftBank Corp.

Mar 12, 2015

Snapdeal drums up custom in Slumdog’s Dharavi

MUMBAI, March 12 (Reuters) – For viewers of Oscar-winning
film “Slumdog Millionaire”, Mumbai’s vast Dharavi slum is a
byword for poverty, but to online retailer Snapdeal.com it is a
battleground for new customers and, it hopes, a source of better
margins.

The company’s aspirations are backed up by serious
investment from the likes of Japan’s Softbank Corp,
which ploughed $627 million into Snapdeal last October, and
could soon get a boost from Chinese e-commerce giant Alibaba
Group, which is in talks for another cash investment, a
source told Reuters on Wednesday.

Mar 3, 2015

Indian taxi group Ola steps up expansion drive

MUMBAI (Reuters) – Ola, India’s largest online taxi business, will more than double its reach by expanding into 200 cities after this week’s acquisition of rival TaxiForSure handed it control of more than 80 percent of the country’s organized cab market.

The company aims to capitalize on India’s low level car ownership, with urbanites deterred by both the expense and the lack of parking space, its 29-year-old Chief Executive Bhavish Aggarwal told Reuters on Tuesday.

Mar 3, 2015

Taxi group Ola steps up expansion drive

MUMBAI (Reuters) – Ola, India’s largest online taxi business, will more than double its reach by expanding into 200 cities after this week’s acquisition of rival TaxiForSure handed it control of more than 80 percent of the country’s organised cab market.

The company aims to capitalise on India’s low level car ownership, with urbanites deterred by both the expense and the lack of parking space, its 29-year-old Chief Executive Bhavish Aggarwal told Reuters on Tuesday.

Feb 27, 2015

Coffee’s hot as IPO could value Cafe Coffee Day at $1 billion

MUMBAI (Reuters) – The firm behind Cafe Coffee Day, India’s biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country’s burgeoning cafe culture draws global giants Starbucks(SBUX.O: Quote, Profile, Research) and McDonald’s(MCD.N: Quote, Profile, Research).

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said.

Feb 27, 2015

Coffee’s hot as IPO could value India’s Cafe Coffee Day at $1 bln

MUMBAI, Feb 27 (Reuters) – The firm behind Cafe Coffee Day,
India’s biggest homegrown coffee chain, is set for a market
debut that could value it at almost $1 billion, even as the
country’s burgeoning cafe culture draws global giants Starbucks
and McDonald’s.

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20
percent stake, raising roughly $200 million, within the next
quarter, sources with direct knowledge of the plans said.

Feb 23, 2015

Retail dilemma in India: nice malls are few and far between

NEW DELHI/MUMBAI, Feb 24 (Reuters) – A severe shortage of
attractive malls has made setting up shop in India easier said
than done, crimping expansion plans for both foreign retailers
such as Lacoste and domestic giants like department store chain
Shoppers Stop.

India’s searing heat, heavy traffic and cluttered pavements
make malls the most popular option for urban middle class
consumers looking for a day out. But many centres – despite
having been built in the last decade – are struggling to draw
shoppers or retailers because of poor design or because they are
difficult to manage.

    • 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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