Amazon will invest $3 bn more in India: Jeff Bezos

Amazon will invest an additional $3 billion in its India operations to take its investment in the country to over $5 billion, the American e-commerce giant’s founder and CEO Jeff Bezos said on June 8.

Bezos said this at an event here attended by Prime Minister Narendra Modi.

“Amazon will invest $3 billion more in India. This is in addition to the USD 2 billion announced in 2014,” Bezos said at the annual gala of US India Business Council (USIBC).

"We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” Bezos said.

"Our team is surpassing even our most ambitious planned milestones…," Bezos said after receiving USIBC’s Global Leadership Awards.

Star India, a subsidiary of 21st Century Fox, also said it will invest an additional $5 billion over the next three years.

"We see huge potential in the Indian market and have been one of the largest foreign investors in India and the largest in the media and entertainment sector,” said Uday Shankar, Chairman and CEO of Star India.

USIBC chairman John Chambers announced that in less than two years, about 20 per cent of USIBC member companies have already invested $28 billion India.

“Over the next 2-3 years, we see this pace accelerating, again with about 20 per cent of our member companies reporting, indicating that USIBC members are on track to invest an additional $45 billion, which is a conservative estimate,” he said.

"Given Prime Minister Modi’s track record towards implementing ‘Digital India’ and key economic reforms, we are optimistic that this number will be dramatically exceeded, perhaps even doubled,” Chambers added.

"Today we are witnessing a new phase in India’s growth story driven by the vision of Prime Minister Modi,” he said.

Source: Indian Express

Top Emerging Players of IPL 2016

IPL becomes the starting point for new youngsters to make a mark for themselves and show their credibility that moves them to international arena.

The recently concluded IPL 2016 has left behind some players who have emerged and how! Every edition has certain set of players who rub shoulders some of the greatest cricketers of all time.

This year some stellar performance from players who have made the cut to international stage already while others who have catapult themselves to proceed to the next level. Let’s have a look at the ones who have left indelible impression in the viewers’ minds:
  1. Rishabh Pant (Delhi Daredevils)
  2. KL Rahul (Royal Challengers Bangalore)
  3. Nitish Rana (Mumbai Indians)
  4. Karun Nair (Delhi Daredevils)
  5. Suryakumar Yadav (Kolkata Knight Riders)
  6. Krunal Pandya (Mumbai Indians)
  7. Iqbal Abdulla (Royal Challengers Bangalore)
  8. Ben Cutting (Sunrisers Hyderabad)
  9. Kuldeep Yadav (Kolkata Knight Riders)
  10. Yuzvendra Chahal (Royal Challengers Bangalore)
  11. Shivil Kaushik (Gujarat Lions)
  12. Marcus Stoinis (Kings XI Punjab)