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Paytm in focus again as analysts question CEO on profit, business model

After a turbulent debut for the company behind India’s largest initial public offering, Paytm’s top executives spent 90 minutes on a call with investors and analysts on Saturday as they dissected its business model and raised questions on monetization. Whether officials have done enough to ease doubts on revenue streams and profitability prospects remain to be seen when markets reopen. One97 Communications, the parent of the digital payments giant, ended last week 17% below its offer price of 2,150 rupees ($28.68), after falling to as low as 1,271 rupees at one point.

Jio joins Bharti Airtel and Vodafone Idea, goes for 20% hike in tariffs

India’s largest mobile service operator, Reliance Jio, hiked its rates by 20 per cent on Sunday, joining industry rivals Bharti Airtel and Vodafone Idea (Vi) which went for a price revision earlier last week. Jio’s new rates will come into effect from December 1. In a press release, the telco announced new unlimited plans. “Upholding the promise of providing the best quality service at the lowest price globally, Jio customers will continue to be the biggest beneficiaries,” it said.

Amazon executive says Omicron's impact on holiday spending uncertain

A senior Amazon.com Inc executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. "It's very early in the process of understanding what's happening with the new variant," said Dave Clark, chief executive of Amazon's worldwide consumer business, during a Sunday morning interview on CBS' "Face the Nation."

Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

US e-commerce giant Amazon has written to Ashok Kumar Gupta, chairman of Competition Commission of India (CCI) and other top executives and asked the country’s antitrust regulator to revoke its approval for Future Retail's (FRL) $3.4 billion sale of retail assets to Reliance. Amazon said the CCI Approval for the Impugned Transaction was “illegally obtained” and is a nullity in the eyes of law. The letter has also been sent to Finance Minister Nirmala Sitharaman and Rao Inderjit Singh,Minister of State, Ministry of Corporate Affairs. In Aug 2019, Amazon acquired a 49 per cent stake in Future Coupons, the promoter entity of Future Retail, for about Rs 1,500 crore. Amazon is now fighting a legal battle with FRL to stop the Kishore Biyani-led retailer’s $3.4 billion deal with Reliance Industries Limited (RIL).

Nissan Motor say to spend $17.6 billion to accelerate electrification

Nissan Motor Co Ltd on Monday said it plans to spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification as it bets tighter restrictions on carbon emissions will spurs demand for electric cars and hybrids. The company in a press release said it will introduce 23 electrified vehicles by 2030, including 15 electric vehicles (EV). It also said it planned to introduce all solid-state batteries by March 2029.

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