Jio’s Gold plan is available at a monthly price of Rs 1299 and it offers 500 GB data, and an additional 250 GB data at a speed up to 250 Mbps. Once the entire data is utilized or the time of the plan, which is 30 days, is over, the speed of the internet drops down to 1 Mbps. … [Read more...] about Reliance Jio Fibre vs BSNL BharatFibre: Who has the best plans?
NEW DELHI: Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway. Sources said the Flipkart group, which operates Flipkart and Myntra, is looking at a reverse acquisition of the B2B segment of Walmart and it will function as a subsidiary of the group. Flipkart is expanding its footprint in the online food and grocery segment and the acquisition of the B2B business provides strength to the supply chain. A questionnaire emailed to a Flipkart Group spokesperson did not elicit a response. The Bengaluru-headquartered company, in which Walmart acquired a 77% stake for around $16 billion, is piloting an online B2B business in North India, similar to Amazon Business and recently launched Jio Mart by Mukesh Ambani-led Reliance Industries. Flipkart’s B2B online business will also … [Read more...] about Walmart’s cash & carry business may go to Flipkart
The United States “strongly urges” Pakistan to fulfill its counterterrorism obligations as laid out for it by a global watchdog because the consequences of its failure would be “devastating” for its ongoing IMF-aded economic reforms, a top American diplomat said Friday. Read more … [Read more...] about News updates from Hindustan Times: US ‘strongly urges’ Pakistan to fulfill FATF commitments and all the latest news at this hour
BENGALURU: Walmart-owned e-commerce company Flipkart has started a pilot project in Hyderabad to deliver fresh fruits and vegetables in partnership with vendors on its marketplace, three people directly aware of the matter told ET. This has come at a time when the homegrown e-tailer waits for internal processes to be complete before it applies for a food retail permit via a newly registered entity which will enable Flipkart to eventually own food inventory as per government’s FDI policy, these people said. “Even though Flipkart (in the past) has steered away from venturing into the fresh fruits and vegetables space directly given the complexity of the business’ supply chain and regulatory compliances, with the entrance and aggressive push by its largest competitors, Amazon.com and Reliance Industries, it is no longer a segment that can be ignored,” a top executive at the company said requesting anonymity. “The licence application is in process,” … [Read more...] about Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
KOLKATA: Any steps taken by the government towards a financial bailout of Vodafone Idea (VIL) ultimately won’t be enough for the struggling telco to compete effectively against Reliance Jio Infocomm and Bharti Airtel, analysts said. “The government will find it too expensive to provide a large enough fix needed to prop up VIL for anything other than the medium-term,” Deutsche Bank said in a note seen by ET. The German investment bank said, “The Aditya Birla Group (one of VIL’s co-promoters) may even consider getting Vodafone Idea to go into bankruptcy on the chance that it may be able to repurchase the rump of the business.” It added that this was an “ambiguous area” with the government wanting to avoid promoters buying assets of their failed companies for fear of regulatory arbitrage, even though when it comes to self-declared bankruptcies, the rules are not entirely clear. Vodafone Idea faces over Rs 53,000 crore in AGR-related … [Read more...] about Even bailout attempt won’t help Vodafone Idea compete with peers: Analysts