121–130 of 349 posts
If anyone here works at techcrunch, please feel adequately ashamed about this. Thanks.
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No, it's not. All Indian startups combined raised a total of $14B last year (2019).
That's giant amount of money How many serious start ups can be there?
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Why does speaking up about the Indian government inevitably bring up questions like this? Ambani's relationship with this government bothers me a lot (among many other things about any government, particularly this one).
Sonia Gandhi literally flies in Reliance jets for her Western sojourns but you are only flagging the existing Govt. dishonestly.
Again, I've seen this pattern: Question this government and immediately be branded as a Congress/AAP/$party sympathizer. At best people ask questions like yours, and at worst they come to an agreement that you should immediately leave India and go to Pakistan. This for questioning your government.
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China hasn't "blown" anything - it is set to compete with US head to head on the world stage not with India over US investments.
China is an heavily export oriented economy losing access to the markets of the advanced economies day-by-day. Their play is to pivot into a consumer market before their foreign reserves eventually dries up, but that's hindered by the large population.
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Yeah, the Chinese government is far more involved with it's companies than India with any of it's non nationalized companies. China got Jack Ma to spinoff Alipay from Alibaba, screwing the other shareholders badly. I don't think there is anyy big company in China without CCP members high up in the ranks. Ambani on the other hand, however powerful he may be, is certainly not a bigger threat than China. Companies being…
> Companies being Ambani owned, while worse than a competitive market, is still much better than being Tencent owned. But better how, exactly?
Think of it this way, why did China spin off Ant Financial out of Alibaba? Had it been in hands of foreign investors, it would be a huge issue later on if it became big. And if it became big, it would be much harder to spin it off that way. You can't spin off 100 billions and not expect strong retaliation from the countries of the foreign investors.
It was much more easier for them to control Jack Ma, and ensure he never becomes too powerful.
While India is a democracy unlike China, and the government can't just get people to disappear with nobody questioning, even without such totalitarian tools, a well functioning sovereign government is always more powerful than any of it's richest people.
There's been a recent surge in American companies investing in India primarily through Reliance Jio (owned by Mukhesh Ambani who's got a good connect with the current ruling Government). It's been spiking since the Anti-China sentiment led Buy and Use 'Made in India' cries. Government has even asked eCom Flipkart and Amazon to display Country of Origin for each product. With all these, This investment from Google see…
Google has been funneling around 20 billion dollars yearly through Bermuda to evade taxes using the infamous 'irish double sandwich'. Pressure from the US and EU is finally forcing Ireland to change their laws. Google is in a situation when they have money that they need to figure out a plan for since they can't do as much tax evasion as they previously were permitted to. https://www.caymancompass.com/2020/01/02/goog…
Finding ways to reduce tax liability (rational) is called tax avoidance. (Tax not owed, and obviously not paid.)
Why not invest in the US and the black community?
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I don't see how it's not alarming for Indians that one key person/company connected to the govt is the sole beneficiary of incoming businesses into India.
It’s part of wider assault by Mohdi’s government on the press https://www.nytimes.com/2020/04/02/world/asia/modi-india-pre...