With a growing number of smartphones and a surge in the use of broadband, India has become a battleground for streaming services.
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The primary reason is that the industry is complex and opaque that reduces average returns.
Its consolidated revenues surged 73 per cent to Rs 925.3 crore in FY19 as compared to Rs 535.9 in crore in the previous fiscal.
Credit card penetration remains at 10% or less in Thailand, Indonesia and Vietnam, while mobile payments are used by 47-67% of the population.
There were a total of nine IPOs in the first half of 2019 and 13 take-private offers, which would lead to subsequent delistings.
In addition to physical products and conventional services such as bill payments, it plans to offer everything from insurance packages to the latest a
In Myanmar, only three in 10 people in a country of 53 million have bank accounts.
Rest of Asia
Manulife Financial Corp oversees about $500 million of Indian equities.
The extra money, which will be managed as part of GIC’s total portfolio, comes as the fund warns about low returns in coming years.
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