Read more about Morgan Stanley names new country head in India promotion spree on Business Standard. Sanjay Shah will be the bank s country head for India, effective immediately
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India s Reliance Industries Ltd s Chairman Mukesh Ambani is no longer the richest person of Asia after losing the coveted title to Zhong Shanshan, founder of Nongfu Spring, China s largest bottled water company. Shanshan became 11th richest person of the world after his net worth jumped by $70.9 billion this year to $77.8 billion.
Ambani had earlier lost his position in the top 10 richest person in the world. He now holds the 12th position on the Bloomberg Billionaire Index, with Shanshan leading him marginally. That said, Shanshan is one of the least talked about billionaires in the world given his nature of maintaining a low profile among his contemporaries.
Google and its American internet peers are steadily amping up their investment in India, latching onto the only other country with a billion-plus population after getting shut out of China. From Amazon.com Inc to Facebook Inc, they’re hoping to get in on the ground floor of what they envision as a smartphone and online commerce boom that could eventually create a market to rival the world’s No 2 economy.
The online search leader has struck an alliance with Mukesh Ambani’s Reliance Industries Ltd to invest $4.5 billion and cooperate on technology initiatives including the development of affordable mobile phones. But they’re also teaming with smaller outfits to target more local audiences.
Dec 23 2020, 6:29 PM
December 22 2020, 12:46 PM
December 23 2020, 6:29 PM
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
Glance, which feeds news and sports scores to phone-lock screens, is said to have reached a valuation of more than $1 billion after completing a funding round led by Google. And VerSe Innovation Pvt, the studio behind the popular Dailyhunt news site and TikTok-like Josh app, said it passed that threshold after winning more than $100 million from Alphabet Inc.âs search giant and Microsoft Corp.