Despite Covid-19, India in fast food eating frenzy
An Indian bread supplier to McDonald’s, Burger King and KFC will launch its IPO next week. Mrs Bectors hopes to raise Rs5.4bn (US$73m). Should not be a problem. Indian investors love Western fast food made the Indian way. Last week, Burger King India’s initial public offering drew bids of US$9.5 bn, or more than 150 times...
Can India afford to boycott Chinese investors?
The Chinese reportedly killed 20 Indian jawans and seized Indian territory. India retaliated by banning ByteDance’s hugely popular video-streaming app TikTok and 598 other Chinese apps on national security concerns. Not that silly of India because this significantly narrows a top growth market for Chinese technology firms...
Grab and Gojek can’t be both right
Grab and Gojek both claim to be negotiating from strength in their merger talks. Grab and Gojek, who dominate ride-hailing and food delivery in south-east Asia, each told their staff that they are in a position of strength ahead of a potential merger. Grab is valued at US$10bn twice that of Gojek. The two start-ups have been...
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