Walmart's acquisition of Flipkart might have given the impression that the battle for India would be an all-American contest, but the fight isn't that simple - or easy.
When it posted results for July through September last year, Jio’s operating earnings were $220 million. Overall, it had a loss of $41 million, and subscriber numbers were growing 12 percent a quarter. But, Jio packed six months of sales into one quarter while counting only 3 months of expenses.
There is no doubt that Mukesh Ambani’s entry into the telecom business has engineered a massive public benefit. But proper customer service can be provided only by a healthy industry.
On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Andy Mukherjee is comfortably ensconced beyond the borders of India. He can afford to pontificate on what Indians and India need to do and don’t. What’s good for them and what’s not. Normally he is a pleasure to read on Bloomberg. Not this time, though.
Andy Mukherjee is comfortably ensconced beyond the borders of India. He can afford to pontificate on what Indians and India need to do and don’t. What’s good for them and what’s not. Normally he is a pleasure to read on Bloomberg. Not this time, though.