Indian retail segment is set for a clash between US-major Amazon and Mukesh Ambani's Reliance Retail with the former acquiring 49 pc stake in Kishore Biyani's Future Coupons Ltd.

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In view of rising threats posed by cyber crime in India, companies are taking steps to protect themselves. Enterprise information security spending in India is set to grow to USD1.86 billion in 2019, a 12.4 pc rise from 2018, according to a forecast by Gartner.“The increased awareness on the benefits of risk assessment and the acknowledgement that security is one of the enablers of digital transformation are boosting enterprise security spending in India.

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China and India are leading the global race towards adoption of digital economy or fintech as it is known. Globally, the fintech adoption rates rose to an average 64 pc this year, but China and India topped with 87 pc adoption. There has been exponential rise in India due to government’s digital push including initiatives such as demonetisation, Jan Dhan Yojana, Aadhaar and Unified Payment Interface (UPI), according to an EY study. FinTech adoption in India is driven by greater use of money transfer and payments (94 pc).

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In a related development, BharatPe, a fintech firm, said it has raised USD 50 million in its latest round of equity financing. This was led by leading global fintech investor, Ribbit Capital and London-based hedge fund, Steadview Capital, BharatPe said in a statement.

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Motorola is in talks with Udaan, a marketplace that supplies products, to expand its offline footprint in smaller towns and cities. Udaan takes orders online from a retailer, but they service it like any other distributor does, according to Prashanth Mani, managing director, Motorola Mobility India.“We started off our offline expansion last year. We started investing in what is called ‘Moto Mobile Hubs’.

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