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Economic Times (India) 06/04/2020 06:11
Amazon is in early-stage talks to buy a stake worth at least $2 billion in Bharti Airtel, three sources with knowledge of the matter said, underscoring the growing attraction of India's digital economy for US tech giants. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Airtel, India's third-largest telco with more than 300 million subscribers. The discussions between Amazon and Bharti come at a time when global players are placing major bets on the digital arm of Reliance Industries, which owns Bharti's telecom rival Jio. Reliance's digital unit has raised $10 billion in recent weeks from Facebook, KKR and others. The talks between Bharti and Amazon are at an early st.
Economic Times (India) 06/04/2020 05:27
Amid criticism for its actions, Google has defended suspending several applications from its playstore in the last few days including one that promised removing Chinese apps and had been downloaded 5 million times."...we don't allow an app that “encourages or incentivises users into removing or disabling third-party apps or modifying device settings or features unless it is part of a verifiable security service”, Google said in a blogpost on Thursday."This is a longstanding rule designed to ensure a healthy, competitive environment where developers can succeed based upon design and innovation. When apps are allowed to specifically target other apps, it can lead to behavior that we believe is not in the best interest of our community of deve.
Economic Times (India) 06/04/2020 05:23
By Anirban NagIndia’s consumers can’t be counted upon to spur economic growth through spending as they did before, but their savings can help fund an increase in government borrowings, according to HSBC Holdings Plc.Rising savings during the nationwide lockdown imposed on March 25 will also help in curtailing India’s current account deficit as the need to raise capital abroad diminishes, economists led by Pranjul Bhandari wrote in a report to clients.Before the pandemic arrived, India’s gross savings rate had dipped to a more than decade-low of 30.1% in 2019, down from 37.8% in 2008, as companies, government and the consumers splurged."
Economic Times (India) 06/04/2020 04:56
The next 12 months are going to be really tough for L&T and we are very sure about it, says Naveen Kulkarni, CIO.Are the markets on a tangent of their own? What is your assessment of the way the markets have climbed the wall of worry?Markets have moved up very very fast. 4,000 points for Bank Nifty in the last seven trading sessions is a huge move. Two things have happened here. One, the opening up of the economy is something which is providing hope for the markets and two, there has been a lot of short covering; so the market was pretty light and there were a lot of shorts in the markets after the extension of bank moratorium. So these are the factors. Apart from that, there is an expectation that there is going to be pent-up demand and we.

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