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Ola! Japan’s SoftBank stikes some ‘snap deals’ in India

October 28, 2014 0

New Delhi, Oct 28 (IANS) After a commitment of pumping $10 billion into India over the next few years, Japan’s Softbank, a leading investor in the global Internet space, has announced deals worth some $850 million to buy stakes in two Indian new-age firms.

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Christopher Nolan to visit India in December?

October 28, 2014 0

Mumbai, Oct 28 (IANS) It’s India calling for Christopher Nolan! The Hollywood director who awaits release of his forthcoming movie “Interstellar”, will reportedly be in Mumbai Dec 28 to attend Indian Institute of Technology-Bombay’s annual festival Mood Indigo.

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Apple CEO Tim Cook says Apple Pay a success

October 28, 2014 0

Apple CEO Tim Cook said Apple’s new mobile payment system had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system. …

SoftBank buys $627 million stake in Snapdeal

October 28, 2014 0
Employees of Snapdeal.com, an Indian online discount shopping website, work inside their company office in New Delhi

Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world’s third-biggest Internet user base. Highlighting India as a new priority in its aggressive expansion, SoftBank said on Tuesday it’s also leading a $210 million round of investment in an Indian logistics business in a separate deal. The cash-rich Japanese company made waves with its plans to grow outside its home base last year when it bought No. 3 U.S. SoftBank said it will become New Delhi-based Snapdeal’s biggest investor, but officials at the Japanese company declined to say immediately how big the stake in India’s third-biggest online marketplace will be.

Alibaba’s Ma says open to working with Apple on payments

October 28, 2014 0
Alibaba Group Holding Ltd founder Jack Ma speaks after accepting the Game Changer of the Year award during the Asia Society's Game Changer Awards at United Nations headquarters in New York

Alibaba Group Holdings Ltd executive chairman Jack Ma said he’s open to working with Apple Inc on mobile payments, as China’s richest person prepares to call on Hollywood this week in search of media partners. Alibaba affiliate Alipay is China’s largest payments service, while Apple just this month debuted its own version of a mobile wallet, letting iPhone 6 users make payments at retailers with their smartphones.