Indias Meesho, which enables social commerce via WhatsApp, raises $50M

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Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in […]

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Chicken meatballs and masala boxes: Ikea comes to India

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Hyderabad opening, complete with military band, is Swedish firms first in country of 1.25bn Curious customers lay on beds and nestled into armchairs as Ikea opened its first Indian store, hoping to attract a burgeoning middle class with offerings tweaked to local tastes, including a variation on its famous meatballs. With an opening that featured […]

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Trump Spouse-Visa Shift May Hurt Workers, Push 100,000 From Jobs

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U.S. President Donald Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. The Trump Administration has been tightening the rules for H-1B visas, which allow foreign workers to take jobs […]

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Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

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Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing […]

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How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

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The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities. In 2016, after revelations that hackers had infiltrated the Bangladeshi central bank’s computer systems to spreads and various government agencies move to investigate, one thing stands […]

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The Worlds Highest Paid Expats Live in This Place

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Go East, expatriates looking to make the big bucks. Mumbai, India’s financial, commercial and entertainment capital, tops global rankings for expat salaries, according to a survey conducted by HSBC Bank International Ltd. Foreigners moving to the subcontinent’s most populous city reported average annual earnings of $217,165. That’s more than double the global expat average of $99,903, the […]

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China to Overtake U.S. Economy by 2032 as Asian Might Builds

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The growing leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have […]

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‘They don’t care’: Indian government accused of prejudice by Chakma people

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Families living on riverbanks of north-east India claim pleas for help following devastating floods have been ignored on religious and racial grounds The Indian government has been accused of religious and racial discrimination after members of the Chakma ethnic group said their pleas for help following the

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#AintNoCinderella: Indian women mock politician who blamed stalking victim

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Women share photos of themselves staying out after midnight after party official said woman chased in her car late at night had brought it on herself Indian women have been posting images of themselves out after midnight with defiant messages after a male politician suggested a woman who was chased in her car by two […]

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