Together, the three companies lost $33 billion of market value in US trading on Tuesday, according to data compiled by Bloomberg. “Hence they will be more focused on the domestic market for growth, resulting in rising competition, including on pricing." It’s not just JD’s planned 10 billion-yuan ($1.5 billion) subsidy campaign that’s ruffling feathers. According to Citigroup Inc.’s Alicia Yap, JD has a track record of spending prudently and can be expected to offer sensible promotions. For some investors, concerns run deeper than the impact of heightened rivalries on companies’ bottom lines and financials.
One of the oldest names in the Indian construction and design industry, BCD Group in partnership with Bengaluru-based real estate advisory firm ArisUnitern has crossed over ₹300 crore of the value of projects in the southern part of India. Further, both BCD and ArisUnitern together are working on projects worth over a pipeline of ₹500 crore in 2023- 24 and look to significantly expand their clientele with this partnership. With over 10 decades of experience, ArisUnitern brings expertise across the real estate development cycle including investment, strategy, operations, sales, CRM, Construction management etc. Currently, BCD is already developing a few projects such as Ayana 95 (Chennai), Koramangala Bellaku project, and Downtown Ambience to name a few with ArisUnitern in Bengaluru. BCD Group has been at the forefront of developing state-of-the-art properties to cater to the evolving needs of customers and investors.24 days ago Mint
Xiaomi has introduced the Xiaomi 13 series with Xiaomi 13, Xiaomi 13 Pro and Xiaomi 13 Lite. Xiaomi 13, Xiaomi 13 Pro, Xiaomi 13 Lite: PricesThe pricing for the Xiaomi 13 series in India has not yet been revealed by the company. Xiaomi 13 and Xiaomi 13 Pro: SpecificationsThe Xiaomi 13 series smartphones are equipped with high-end hardware, featuring the latest Snapdragon 8 Gen 2 chipset. Both the Xiaomi 13 and Xiaomi 13 Pro models come with up to 512GB of storage and 12GB of RAM. Xiaomi 13 Lite: SpecificationsWhile the Xiaomi 13 series was initially launched without this device in China, the Xiaomi 13 Lite is essentially a rebadged version of the Xiaomi Civi 2.24 days ago Mint
India's equity market will rise less this year than thought a few months ago mainly due to expectations of higher interest rates, according to equity strategists polled by Reuters, who also said the chances of a correction in the near-term were low. While investor sentiment is expected to improve over the coming months, a sharp rally appears unlikely, partly on renewed expectations of higher interest rates in India and elsewhere. "Since October, Indian equities have seen their sharpest underperformance to EM (emerging market) peers in three years. This has shrunk the valuation premium to emerging equity peers, but not enough to bring foreign investors back," said Rajat Agarwal, Asia equity strategist at Societe Generale. It was then expected to gain another 4% to hit 65,000 by year-end, the Feb. 10-22 poll found.28 days ago Mint
According to bankers, conmen on Twitter, sporting official bank logos on their profile, seek out customers airing grievances and respond with a fake customer care number. A search on Twitter showed large private sector banks such as ICICI Bank and HDFC Bank draw a significant number of such fake customer care handles. “We have a team that scans social media to spot such fake accounts and immediately informs customers not to engage with them. Most fake accounts use the bank’s logo, and in the case of one bank, they were found using images from the lender’s fraud awareness campaign. Bankers said that apart from seeking the removal of these fake accounts, they are also engaging in customer awareness campaigns.28 days ago Mint
Yet, the model that has driven India’s growth now threatens to constrain it. First, India has moved to an economic model where a few ‘national champions’—effectively large private oligopolistic conglomerates—control significant parts of the old economy. In some ways, this concentration of economic power has served India well. The implication is that India’s investments have been much more efficient; indeed, many of India’s conglomerates boast world-class levels of productivity and competitiveness. Finally, the recent saga surrounding the Adani Group is a symptom of a trend that will eventually hurt India’s growth.28 days ago Mint
We think the BBC World Service is vital. We want the BBC to have that editorial freedom," said Rutley. “It criticises us (government), it criticises the (Opposition) Labour party, and it has that freedom that we believe is so important. “We need to ensure that our views on media freedom are communicated clearly with other governments. The minister, however, declined to comment on “an ongoing investigation that the BBC is actively engaged in".29 days ago Mint
The show highlights that the couple talks about privacy but shares intimate details in interviews, Netflix show and now Prince Harry's book Spare. In the video, Prince Harry's memoir Spare too has been ridiculed as its name was also changed to ‘Waaaagh.’ Not just this, both the character are also dressed to show resemblance. According to a report published by The Telegraph, Prince Harry is weighing a ‘million different variables’ as the estranged royals decide whether to fly back to the UK in May. In another news, there were also reports that Harry and Meghan Markle were likely to be questioned in the defamation case brought by Meghan's half-sister, Samantha Markle. Samantha Markle had sued Meghan Markle for the couple’s interview with Oprah Winfrey in 2021 in which the duchess said she was “an only child".1 month ago Mint