Friday, October 25

Search Results for: flipkart

Ola, Hyundai in talks for $300 million fund infusion

NEW DELHI: Ola is in talks with Hyundai Motor Company for investing about USD 300 million in the cab-hailing platform, according to sources. The discussions are at an advanced stage and a deal could be closed in the next few weeks, sources said. If the deal goes through, it would be Hyundai’s second investment in the […]

Infibeam Cancels Snapdeal’s Unicommerce Acquisition

eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated. “…we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time period,” Infibeam said in a regulatory filing. In May, Infibeam Avenues had announced signing […]

India’s Smartphone Shipments to Hit 160 Million Next Year

Smartphone shipments in 2019 is expected to reach upto 160 million in India. India is expected to be the only major smartphone market to grow in 2019, following on from a strong 2018, compared with China. This compares with over an expected 150 million in 2018, compared with around 134 million in 2017. The Indian […]