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It’s the Walmart Way at Flipkart after the Bansals

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Founders of Flipkart — Binny Bansal and Sachin Bansal — have left the company. Now it is left to the company’s board, with four Walmart representatives (among other members) with Kalyan Krishnamurthy as the CEO to run the company and continue its battle agains... More »

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Amazon has an AI vision and Rajeev Rastogi is shaping it

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When Rajeev Rastogi returned to India from the US in 2004, his day job was set for him: boot up Bell Labs’ India operations. For a person interested in data and its myriad uses, setting up a networking business wasn’t the most exciting thing to do. “I was told... More »

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The rickety house of Paytm

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We’re seated in a conference room at Paytm’s office in Noida, Sector 5. A team of Chinese tech workers need the room for a meeting so we offer to vacate it. Sonia Dhawan, at the time the head of communications at Paytm is searching for Vijay Shekhar Sharma, th... More »

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RBI might soon take UPI under its ambit

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The National Payments Corporation of India, or NPCI, might have to give up its poster boy product — Unified Payments Interface (UPI) — to be regulated by the central bank, two sources close to the development told FactorDaily. “A body will be created by the RB... More »

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Amazon India closing in on $100 mn advertising revenues

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Online retailer Amazon has quietly built itself a high margin digital advertising business in India which is closing in on revenues of nearly $100 million, about 5% of money spent online by brands in India. By the end of March 2019, Amazon will make more than ... More »

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Walmart turns to Flipkart for tech

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When Walmart bought 77% of Flipkart for over $16 billion, it was not just to get an upper hand on its biggest rival Amazon in India, the world’s second largest internet market by users. As it turns out, it was also to get quick access to technology that takes ... More »