Morning News from India - May 21, 2018 Tweet21 May 2018
- Sensex slips 232 pts to take losing streak to 5th day; Nifty near 10,500 (Economic Times)
- Rupee Falls To Fresh 16-Month Low Against US Dollar: 10 Things To Know (NDTV News)
- Tata Motors Shares Fall Below Rs 300-Mark Ahead Of Earnings (Bloomberg Quint) - TTM
- Tata Sky will be the supplier of Netflix, Hotstar, Amazon Prime (Livemint)
Cord-cutting happened in America as cable prices were much higher compared to OTT (over the top) prices. Cable cost $100 per month. And OTT, let’s say, Netflix, came at $10. So people switched. In India, cable TV is $5 a month. So, when Netflix or something comes at $10 and to watch that product you have to consume $15-20 worth of broadband, the cost rises to $30. How many customers can afford that? India will always be an “and” and not an “or” market. We have OTT, we watch online but we have not given up our TV.
- Half of India’s state-owned banks risk turning into headless chickens (Quartz India)
- India set to overtake US aviation market, says minister (Financial Times)
India has the fastest growing domestic airline industry in the world. Last year, passenger volumes rose 17.4 per cent, ahead of second-placed China, which grew at 13.5 per cent, according to Iata.
- Chinese bike sharing giant Mobike is making big plans for India (Tech Crunch)
- A Chinese phonemaker says it beat Apple and Samsung in India through word-of-mouth (Quartz India)