Tag: india

Retail Asia30/08/2022
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4min0
India’s telecom leader Reliance said on Monday it is working with Alphabet’s Google to launch a budget 5G smartphone as it laid out a $25 billion plan for introducing the next-generation wireless services within two months. Speaking at the company’s annual general meeting, Reliance Chairman Mukesh Ambani said Jio’s 5G network will be the world’s largest, launching in […]

Retail Asia29/08/2022
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1min0
India is expected to roll out 5G services by October 12, according to Ashwini Vaishnaw, union communication, electronics and information technology minister. Vaishnaw revealed that 5G prices will be reasonable for users and that 5G services will be scaled up after launch to reach more parts of the country in the coming two to three […]

Retail Asia26/07/2022
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3min0
Shares of Indian food-delivery company Zomato plunged 14.3 per cent to a record low today, as a one-year lock-in period for promoters, employees and other investors came to an end following last year’s listing. Zomato made a stellar debut on July 23 last year in the Mumbai market, but its shares have lost more than […]

Retail Asia08/07/2022
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3min0
Reliance Retail Ltd on Wednesday announced its long-term partnership with Gap and plans to bring the iconic American fashion brand to India. “Through a long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India,” said a joint statement. Reliance Retail will introduce Gap’s offerings to Indian consumers through […]

Retail Asia16/06/2022
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7min0
Kacific Broadband Satellites Group, along with local partners PT Bis Data Indonesia (BIGNET) and PT Primacom Interbuana (PRIMACOM), has completed the deployment of over 2,500 sites, in a record five month timeframe, to provide satellite internet access to government infrastructure in remote areas of Indonesia. This project is led by the nation’s Telecommunication and Information […]

Retail Asia31/05/2022
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2min0
At an event celebrating the Telecom Regulatory Authority of India’s (TRAI) 25th anniversary, Prime Minister Narendra Modi said that the country is on track to roll out domestically developed 6G by the end of the decade. Currently, India’s 5G developments are still underway. Modi noted that connectivity will determine the pace of India’s growth, making it […]

Retail Asia30/05/2022
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3min0
Southeast Asia and Latin America are strong growth regions for Mastercard after its withdrawal from Russia in March and India’s 2021 ban on it from issuing new cards, the company’s co-president for international markets said. “Southeast Asia is exciting (due to) the right demographics, the adoption of technology and digitisation, and governments’ focus on financial […]

Retail Asia25/05/2022
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2min0
The pre-owned car segment is a lucrative market, especially for a luxury carmaker like Porsche as it prepares to open it’s first ‘Porsche Approved’ pre-owned car store in Kochi on June 8, 2022. Part of the Volkswagen Group, the Porsche Approved Centres joins VW’s Das WeltAuto, and Audi Approved Plus program as the German carmaker […]

Retail Asia12/05/2022
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3min0
Ford India has shelved its plans to manufacture EVs in India. The carmaker had as part of its ongoing business restructuring applied for the Indian Government’s Product Linked Incentive (PLI) scheme. Under the PLI scheme, Ford had considered utilizing one of its two manufacturing facilities to manufacture EVs for exports and domestic markets though it […]

Retail Asia29/03/2022
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5min0
E-commerce and gaming firm Sea said on Monday it is withdrawing from India’s retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook. The withdrawal, effective beginning March 29, comes weeks after its e-commerce arm Shopee said it […]


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