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Private equity exits slow down in 2019 Buoyed by Flipkart’s sale to Walmart, 2018 was a record year for exits with stake sales worth over $24 billion.With the Indian economy itself showing signs of a slowdown, private equity investors are expected to put their exit plans on hold
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Honor aims to triple its market share by 2020 The smartphone brand, which mostly sells online, plans to set up offline stores to boost its revenue.In the last five years, India has attracted many Chinese smartphone companies, which have now captured the local market
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FMCG companies red-flag gathering rural slowdown There is an emerging consensus among FMCG majors that, like their automobile counterparts, the impact of the slump is more evident in rural India and that, in geographical terms, the north is the worst hit.
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Most banks don’t have the systems to take advantage of open banking: Infosys exec Australia’s Open Banking regime will quickly move from a compliance issue to a new way of doing business, according to Theo Albers, managing director of Infosys Finacle Australia. But Albers, whose company overhauls banking platforms with products that together serve nearly half a billion consumers globally, warns most of Australia’s
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