Flipkart Gets $3.6B to Invest in Indian E-Commerce
The largest-ever funding round for an Indian startup "reflects the promise of digital commerce in India."
Harley-Davidson Exits India Market
As part of a restructuring, the company said it was closing its plant in Bawal, Haryana.
Ebix Agrees to Buy Yatra
The Atlanta-based software company is planning an IPO for its Indian subsidiary.
IT Consultant Accused of Insider Trading
The SEC says the contractor used his access to an investment bank's deal management system to make $600,000 in illicit profits with relatives.
Berkshire Invests In India’s Paytm
The company, India’s largest mobile-payments firm, saw a spike in users after Prime Minister Narendra Modi’s decision to pull cash from circulation.
India Moves to Ease Fears Over Run on Rupees
"The temporary [cash] shortage caused by a sudden and unusual increase in some areas is being tackled quickly," the country's finance minister says.
PwC Fined $2M Over Indian Accounting Fraud
India's securities regulator sanctions the firm for failing to detect the $1.7 billion fraud at Satyam Computer Services.
Mobile App Spending to Top $110B Next Year
A new report says the app market is maturing, with users averaging two hours a day in apps and the share of non-game apps increasing.
Vodafone to Merge India Unit With Local Rival
The combination with Idea Cellular comes as upstart Reliance Jio has moved aggressively to grab a share of India's relatively untapped wireless market.
AB InBev Fined $6M in India Bribery Case
The SEC says the brewer's Indian unit used third-party sales promoters to make improper payments to government officials.
Amazon’s India Investment Rises To $5 Billion
“We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” CEO Jeff Bezos says.