Morning News from India - September 14, 2018 Tweet14 Sep 2018
- Rupee, Sensex rebound on inflation news and expected govt intervention (Livemint)
- Rupee Rallies With Bonds as CPI Eases, Support Measures Expected (Bloomberg Quint)
- Shareholders free to decide executive pay without government nod (Livemint)
The Changing Face Of Shareholders: Outsourced Governance (Bloomberg Quint) - IBN, HDB
- India Should Let Data Roam Free (Bloomberg)
India’s track record on the regulation of new technologies is abysmal. The RBI has been a particularly grave offender: India has yet to develop a proper digital-payments infrastructure largely because the central bank stifled its growth at birth, insisting that telecom companies offering cheap money-transfer services become banks first. Indian companies such as Airtel rolled out services in East Africa instead. Then, in 2014, the RBI required that every online card payment, even the smallest, go through a two-factor authentication process. To pay for an Uber in India, you have to enter your credit card password, swiping at your phone in the rain or blinding sun, even if your ride has cost only $1.50.
- India’s favorite pastime? Bollywood music on YouTube (Quartz India)
- HOOQ Changes Game Plan To Challenge Netflix, Amazon Prime In India (Inc 42) - EROS
Khan said HOOQ’s content price is “a sweet spot” for customers as its subscription costs just INR 89/a month. Its rivals’ subscriptions are priced much higher than this — Netflix charges INR 500 a month for its starting plan, Hotstar charges INR 199 per month, and Amazon Prime Video is available for INR 129 per month.
- Do IT hiring numbers and deal statements point to a recovery? (Livemint) - INFY, WIT
Vedanta makes gas discovery in Krishna Godavari block (Economic Times)
- India’s family-owned firms making more money for investors than others
- Naspers keen on ed-tech, fin-tech & food-tech startups in India (VC Circle)