Indian finance ministry has issued a new set of guidelines for regulating the online market places. The guidelines also include definition of ‘ecommerce’, ‘inventory based model’ and ‘market place model’ to bring clarity in this sector. However, clarity in segmentation of ecommerce business has been applauded by the analysts.
Industry
Spotify Raises $1 Billion Through Financing Deal
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
Boeing to Reduce Workforce by June As Part of Cost-Cutting and Reorganization
Boeing will reduce its workforce as part of the company’s cost-cutting and reorganization effort. Although it surpassed order forecast for last year, it was offset by a huge drop in new orders. Clients would not want to wait for several years before their orders get delivered.
Bitcoin underrated by more than $200 according to Investment Bank Needham & Co
The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.
Mexico's January economic activity increases 2.9%
Economic activity in Mexico increased 2.9% during January 2016 from the corresponding period in 2015. The rise in economic activity was due to a robust performance by three sectors in the country.
Latest News
New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.
Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.
US-based Western Alliance Bank has decided to buy GE Capital assets from General Electric Co. The deal is expected to be completed by end of 2016. General Electric will focus on its core industrial operations.
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what important foundation to make by deciding to push through with a deal. Verizon and Time Inc. already shown interest to acquire Yahoo’s core business the past few months.
KG Subramanian has been promoted as the Managing Director for the Finance and Operations unit of Nexus Venture Partners. The chartered accountant has been serving NVP for the last fourteen years. The promotion appears to be recognition of his contribution which has been echoed from Naren Gupta, co-founder and managing director of Nexus Venture Partners.
Airbnb is offering something adventurous for those who are lion-hearted. Sleeping beside sharks is really a thrilling experience and also a scary one. Airbnb offers this exhilirating night stay adventure for free provided you tell something about yourself and the main reason why you should be chosen as the lucky recipient.
Fintech company Coin has bounced back from its near failure and partner Visa and MasterCard in providing integrated payment service. Meanwhile regulators are preparing set of regulation for fintech innovation.
Online shopping is made easy with the advent of smartphones, creating a new era for online sellers. Online marketing sector has gained from many e-commerce apps over the recent period.
Synova Capital has sold its UK fashion accessories brand TLG Brands to Hong Kong’s Global Brands Group. Under Synova’s ownership, TLG Brands has been seeing strong growth and more presence in international as well as online markets.
