India has huge potential, projects 7.3% growth in 2018, says World Bank – Business News and Updates

With an “aggressive government undertaking complete changes”, India has “colossal development potential” contrasted with other rising economies, the World Bank said today, as it anticipated nation’s development rate to 7.3 for each penny in 2018 and 7.5 for the following two years. India, in spite of starting mishaps from demonetisation and Goods and Services Tax […]

Spotify, Airbnb and Dropbox among 2018’s expected IPOs-Business Updates and News

Companies flocked to the stock markets last year in their highest numbers since the financial crisis, with the parent of US mobile messaging app Snap and AIB among the biggest flotations as 1,700 deals raised almost $200 billion globally. The number of initial public offerings (IPO) marked a 44 per cent increase over 2016, according to Dealogic […]

Amazon captured 44% of U.S. online sales last year-Business News and Updates

Instagram’s currently the fastest growing social network, having gone from 600 million to 800 million active users in the past 12 months – and that’s before you consider the rising use of Instagram Stories (now up to 300 million daily active users). But with increased attention comes equivalent interest from brands, which means that while there are now more people […]

China’s Tech Firms Spur Cashless Society-Business News and Updates

Chinese tech giants Alibaba and Tencent are driving the adoption of mobile payments in the country, pushing aside banks for a growing role in everyday commerce, per The Wall Street Journal. China’s total mobile payments more than quadrupled to $9 trillion in 2016 from the prior year, iResearch Consulting Group estimated. That dwarfs the 40% growth […]