Thursday, July 31, 2014

Amazon's announcement follow Flipkart's

It seems cold war between online retailers Amazon and Flipkart. Only after few hours of announcement by Flipkart about raising of $ 1 bn from investors, the giant Amazon also announce to spend $ 2 bn to improve their business in India. To surprise, this announcement has come after declaring a loss of $ 126 million for Q2 on revenue of $ 19.34 bn. Jeff Bezos said that we see great potential for eCommerce in India and spend of $ 2 bn will help our team to improve, innovate and deliver the values to our customers in India.

Tuesday, July 29, 2014

Reliance Power's proposed deal with JP Hydel Projects - A biggest deal in the industry

Reliance Power is planning to acquire the JP Hydel Projects - the full chunk of portfolio of JPs. The deal is proposed to be settle for 12000 crore rupees. The JP Associates may use the proceed from deal to reduce their debt. The size of deal is claiming that it is the biggest deal of the country in infra sector, if we eliminate telecom sector which had already seen such deals.