Elements Infotech| Blog http://elementsinfotech.com/Blog Fri, 15 May 2015 07:33:59 +0000 en-US hourly 1 https://wordpress.org/?v=4.2.38 Alibaba Planning to Invest in Micromax And Entry Into India http://elementsinfotech.com/Blog/2015/05/15/alibaba-planning-to-invest-in-micromax-and-entry-into-india/ http://elementsinfotech.com/Blog/2015/05/15/alibaba-planning-to-invest-in-micromax-and-entry-into-india/#comments Fri, 15 May 2015 07:33:49 +0000 http://elementsinfotech.com/Blog/?p=30 Alibaba[1]

Asia’s largest e-commerce name Alibaba is planning to enter the Indian market. With all the buzz around the online space, a new healthy Investment Policies by New Prime Minister and the booming Mobile phone market in India, Alibaba has found a secret route to enter.

Sources claim that Chinese search and e-commerce giant Alibaba will invest heavily in Micromax, acquiring upto 20 % stake in the Indian company. A deal that would cost the company over  $ 1.2 Billion, would allow the chinese giant easy access into the market which is tough to get into for new companies.

Alibaba has also been in the news recently for investing in brands like Ouya, Meizu and Snapchat. Micromax is one of the largest mobile phone manufacturer in the domestic market. With its constant damage to Samsung’s position in India, and the new brand “YU” taking on the likes of Xiaomi and OnePlus in the local markets, Micromax makes for a good investment option.

–Source

]]> http://elementsinfotech.com/Blog/2015/05/15/alibaba-planning-to-invest-in-micromax-and-entry-into-india/feed/ 0 Hyderabad is going to be Google’s biggest campus outside US http://elementsinfotech.com/Blog/2015/05/12/google-hyderabad-going-to-be-biggest-campus/ http://elementsinfotech.com/Blog/2015/05/12/google-hyderabad-going-to-be-biggest-campus/#comments Tue, 12 May 2015 07:08:19 +0000 http://elementsinfotech.com/Blog/?p=1 Google-India[1]  HYDERABAD: Google will build its largest campus outside the US in Hyderabad at an investment of Rs 1,000 crore, according to Telangana IT minister KT Rama Rao.

“Excited to announce that Google & government of Telangana have inked an MoU to build their largest campus (outside the US) in Hyderabad,” Tweeted Rama Rao, who is currently on a visit to the US.

“First campus in Asia. 2 million sq ft space would be built. Investment of Rs 1,000 crore and in four years employee size to double from 6,500 to 13,000,” the minister said.

Vice president, real estate & workplace at Google, David Radcliffe, and Telangana IT secretary Jayesh Ranjan signed the MoU at Google headquarters in Mountain View, California, he added.

Source

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