Asmita Dey

Asmita Dey covers new economy at Financial Express.

Oyo, RA Hospitality seek CCI nod for combination of entities

SoftBank's shareholding in the firm stands at about 45.69%. However, it may have further risen to 48% as reportedly, SoftBank purchased some shares from Greenoaks under a secondary transaction.

OYO, OYO rooms, OYO  life, India, RA Hospitality Holdings, industry news, Ritesh Agarwal  News

Govt may bring separate policy for electronics to boost FDI

Under the current local sourcing norms, the government mandates foreign companies investing beyond 51% in single-brand retail trading in the country to locally source 30% of the value of products sold.

policy, electronics, FDI, industry, Budget, foreign direct investment, PMO, IKEA, H&M, industry news, MSME, FDI, FDI inflow, DPIIT News

Baba Ramdev’s Patanjali says calling product ayurvedic doesn’t make it one; people can spot fakes

There is a significant demand for our products but due to cracks in the supply chain, we have not been able to make inroads into rural India.

Acharya Balkrishna, MD & co-founder, Patanjali Ayurved News

Byju’s raises $150 million in fresh funding, valued at $5.5 billion

Funding led by Qatar Investment Authority; also sees participation from Owl Ventures

Founded in 2011, Byju’s claimed to have tripled its revenue to Rs 1,430 crore in the year to March 2019. (Website Image) News

YouTube Music vs Spotify vs Jio-Saavn: Music lovers spending more time on global streaming apps

Although Spotify and YouTube Music’s users spent less time on the apps in May compared with April and March, it was still higher than the time spent on the local apps.

YouTube Music, Spotify, Jio Saavn, Wynk, Gaana News

Budget 2019: Why fuel cess will have cascading effect on prices

Budget 2019: Higher transportation costs could hike prices of FMCG and white goods

Union Budget 2019 India News

Budget 2019: Streaming services, blogs may attract ‘Google tax’

Budget 2019-20: The government collected over Rs 550 crore from the equalisation levy in FY18, nearly thrice the amount of Rs 200 crore collected in 2016-17.

budget 2019, budget 2019 expectations, google tax News

Hunger Games: Swiggy’s swag in volumes matches rival Zomato’s zing in reach

Food delivery platform Swiggy may have edged past its competitors to become the most used app, but rival Zomato continues to have more reach.

Industry News

India Post Payments Bank eying to be preferred gateway for govt subsidy transactions

To boost volumes for its payments business, India Post Payments Bank (IPPB) is demonstrating its last-mile reach through its massive network of access points so as to become the preferred banking partner for various subsidy t

Banking & Finance News

GOQii vs Flipkart: Online vendors’ association to file plea

Flipkart and Amazon jointly command close to 80% market share in the country’s e-commerce sector, according to analysts.

GOQii vs Flipkart: Online vendors' association to file plea News

Disney streaming service may become ‘big disruptor’: Analysts

Apart from Disney, NBC Universal and AT&T are also likely to offload their content from Netflix to build up on their OTT platforms, noted the analysts.

Disney streaming service, Edelweiss, Disney+, Netflix, ARPU, global ARPU, Marvel Studios, Walt Disney Animation Studios, Pixar Animation Studios News

Spotify India MD says India has enough room to expand

Spotify has notched up over a million users in India in less than a week of its launch. Its India managing director (MD) Amarjit Singh Batra told Asmita Dey during an interview that the Swedish music streaming firm is here fo

Spotify India MD, India, Spotify India MD Interview, Amarjit Singh Batra, start up in India, Spotify users,  Swedish music streaming firm News

Flipkart, Amazon bleed: E-commerce burns cash, but investments keep pouring in

Even as Amazon and Flipkart slug it out for the top spot in India’s e-retailing arena, profit and loss statements across the sector remain a sea of red.

Industry News