TikTok’s parent ByteDance plans USD 1 billion investment in India in next 3 years

TikTok’s parent ByteDance plans USD 1 billion investment in India in next 3 years

NEW DELHI: Unfazed by the ban on TikTokin India, the popular Chinese short video app’s parent ByteDance remains “very optimistic” and plans to invest USD 1 billion in the country over the next three years. ByteDance — touted to be among...
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Real estate majors eye $10 billion via REITs: Report

Real estate majors eye $10 billion via REITs: Report

At least five major real estate companies are reportedly eyeing a $10 billion fundraise via real estate investment trusts (REITs) over the next two years. According to a report in The Economic Times, they include names such as RMZ Group, K Raheja...
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Holiday shoppers used their phones to spend $1 billion this Thanksgiving

Holiday shoppers used their phones to spend $1 billion this Thanksgiving

Shoppers weren’t afraid to pull out their smartphones to shop on Thanksgiving, to the tune of $1 billion. Sales online Thanksgiving Day totaled $3.7 billion, up 28 percent from a year ago, Adobe Analytics said in a report Friday. That...
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Private equity inflows in real estate at Rs 112 billion; office sector leads investments

Private equity fund inflows in real estate increased 9 percent year-on-year in the first three quarters of 2018 and stood at Rs 378.15 billion. The investment volume in the third quarter stood at Rs 112.12 billion, a report by Cushman...
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Say What? Small Businesses Racked Up More Than $1 Billion in Sales During Amazon Prime Day

Say What? Small Businesses Racked Up More Than $1 Billion in Sales During Amazon Prime Day

Saying Prime Day 2018 started with a bang is an understatement. Small and medium-sized businesses were able to generate more than $1 billion in sales on the first day. Prime Day 2018 Results Small businesses who took part in the...
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Blackstone bets big on India with investment plans worth $2.4 billion

Blackstone bets big on India with investment plans worth $2.4 billion

Betting big on India is the world’s largest private equity firm Blackstone Group, which has plans to invest 60 percent (or USD 2.4 billion) of its maiden USD 4 billion Asia-focused fund in India, sources told Mint. “Blackstone plans to deploy about...
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