Tag: narendra modi
JioMart, the e-commerce venture from India’s richest man, launches in additional cities
The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio…
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Amazon, Flipkart, Ola and Uber begin to resume their services in India
E-commerce firms Amazon, Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were ordered across the country in late March. The…
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Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart
Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s second-largest internet market. The $5.7 billion investment, Facebook’s second-largest to date, could also further its dominance in India…
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Covidmaps lets you find grocery stores and pharmacies in India
More than half a dozen volunteers have banded together in India to launch a crowdsourced tool to help people in the nation identify and locate nearby grocery stores, pharmacies, and cash machines as New Delhi extends the nationwide lockdown to May 3. The service, called Covidmaps, allows people to locate…
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Startups, VCs in India request ‘relief package’ from the government to fight coronavirus disruption
More than six dozen startup founders, venture capitalists, and lobby groups in India have requested the government to grant them a “robust relief package” to help combat severe disruptions their businesses face due to the coronavirus outbreak. In a joint letter to India’s Prime Minister Narendra Modi, startups requested the government…
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Ola suspends shared ride option in India
Ride-hailing giant Ola said on Friday evening that it is temporarily suspending pool rides on its platform, called Ola Share, in India in a bid to slow the coronavirus pandemic by encouraging social distancing. The Indian firm, which operates in several countries including Australia, New Zealand, and the UK, offers…
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