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Mukesh Ambani's bet on India's rising middle class is paying off

Friday, April 19, 2019, 8:18 PM

Billionaire Mukesh Ambani's debt-fueled bet on the rise of the Indian consumer is starting to pay-off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his $87 billion empire. The two divisions accounted for a combined 23 percent of revenue for year ended March, up from 17 percent in the previous year, according to data compiled by Bloomberg.
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Walmart looks to tear a page from Amazon's advertisement book

Tuesday, February 12, 2019, 7:20 AM

Walmart Inc. is big in almost every-way 4,755 stores, 1.5 million employees and $380 billion in revenue in U.S. alone. But one part of the world's largest retailer remains minuscule. "We have a tiny ad business," CEO Doug McMillon told investors in October. "It could be bigger." But Walmart and other retailers historically haven't done enough to convert that data into dollars, particularly online.
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Facebook elevates Indian-origin executive to head Workplace

Wednesday, December 19, 2018, 8:46 PM

Karandeep Anand, an Indian-origin senior executive of Facebook, will head the social media giant's enterprise communications tool Workplace, the company has announced. Anand, who worked at Microsoft for 15 years before joining Facebook nearly four years ago, will work closely with Julien Codorniou, the Facebook vice president who has been the leader of Workplace, CNBC reported.

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