iWorld

Amazon set to acquire 9.5% stake in Future Retail

It will have access to Big Bazaar and Nilgiris supermarket

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/11/06/amazon.jpg?itok=CaXUx2_b

MUMBAI: Ecommerce giant Amazon is all set to acquire a minority stake in Future Retail next week according to an Economic Times report. This deal will allow Amazon to reach the country’s food and grocery market through supermarket chains like Big Bazaar and Nilgiris. Future Retail has more than 1,100 physical stores across India.

The deal is said to be around Rs 2,500 crore. Speaking to Economic Times, sources said, “Amazon, through the foreign portfolio investor (FPI) route, will buy about 9.5 per cent stake in Future Retail and has already signed a term sheet. The deal will be announced after board approval on 14 November.”

Wazir Advisors founder Harminder Sahni said, “It essentially means Amazon is taking a position in offline retail. But it can’t just be a financial investment and they will surely leverage Future Group's network and backend facilities for supply chain and other operations."

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/22/qindia.jpg?itok=_oAhh5jR
Q India launches on MX Player

MUMBAI: QYOU Media on Friday announced the launch of Q India on MX Player, one of the fastest growing OTT platforms in India and the world.  MX Player currently has over 175M monthly average users in India alone and features a vast array of content targeting the millennial India demographic. This...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/22/tify.jpg?itok=rYkM1YR5
Spotify invests in 3 original podcasts for Indian market

Opening new opportunities for the growing creator community in India, Spotify has announced three original podcasts for the country, which will go live on the platform on 3 December. Tapping into pop culture, cricket centric ‘22 Yarns with Gaurav Kapur’, fiction thriller ‘Bhaskar Bose’ narrated by...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/21/alt.jpg?itok=Hn9mMRRF
ALTBalaji looks at sachet pricing model to more than double the ARPU

The ongoing streaming war across the world has seen OTT platforms investing aggressively in original content with high cash burn. But ALTBalaji, the digital venture of Ekta Kapoor-led Balaji Telefilms, is not taking the same path.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/21/sony.jpg?itok=8eCqU4_w
Sony India rejigs top leadership at Sony LIV, SET

MUMBAI: Sony LIV, the digital business arm of Sony Pictures Networks (SPN), the media conglomerate that manages 29 TV Channels in India, today announced big changes in its top leadership. Ashish Golwalkar who has led the content portfolio for SET and has played a pivotal role in the success of its...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/20/amazon.jpg?itok=VLGy6n-k
Amazon Original series Tom Clancy’s Jack Ryan now available in Hindi, Tamil and Telugu

MUMBAI:  Tom Clancy’s Jack Ryan becomes the first international Amazon Original Series to be made available in three Indian languages based on popular demand after the tremendous success of the show Amazon Prime Video announced that Amazon Original Series, action-thriller Tom Clancy’s Jack Ryan (...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/20/linked-in.jpg?itok=2ZUSJviQ
Only 3 Per Cent of digital marketers in India are measuring ROI correctly: LinkedIn report

MUMBAI: LinkedIn, the world’s largest professional networking platform, today released ‘The Long and Short of ROI’ report in India to identify how digital marketers measure ROI (Return on Investment). The survey was conducted amongst 4,000 marketing professionals across 19 countries, including...

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/20/airtel.jpg?itok=or4tq_3w
Airtel inks content deal with CuriosityStream

MUMBAI: Bharti Airtel today announced a content partnership with CuriosityStream, the award-winning global media company that delivers the world of factual entertainment in one mind-expanding place. Launched by John Hendricks, the visionary founder of Discovery Channel, CuriosityStream lets viewers...

iWorld Telecom
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/20/TRAI-Telecom.jpg?itok=xykYxqIq
Broadband internet subscriber growth petering out?

Has the broadband internet subscriber growth in the country started petering out in 2019? Analysis of Telecom subscription data furnished by the Telecom Regulatory Authority of India (TRAI) indicates that month-on-month subscriber growth rates are reducing despite the stupendous growth at the start...

iWorld Telecom
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/20/Yogesh_Manwani.jpg?itok=9FYwbFE-
Ad Suite designed to help advertisers meet business objectives: ZEE5's Yogesh Manwani

While digital advertising spend in India has been traditionally mostly concentrated with Google and Facebook, OTT platforms with their massive user base have also started attracting brands lately.

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories