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    IMF Lowers India's Growth Forecast, Flipkart Partners With Hotstar, Microsoft FY18 Revenues Cross $100bn et al.

    Professor of Financial Economics and Part-time Value Investor, Transfin.
    Jul 22, 2018 9:57 AM 2 min read

    End of Week Wrap-up (July 16, 2018 - July 22, 2018) #IMF #GDP #India #Flipkart #Hotstar #ShopperAudienceNetwork #PSB #Microsoft #Walmart #Amazon #Cloud #Google #Android #Comcast #Fox #Disney #Transfin

    Editor's Comment: IMF lowers India's economic growth forecast to 7.3% in 2018, 7.5% in 2019 from previous estimates of 7.4% in 2018 and 7.8% in 2019 on back of high oil prices and a tight monetary policy regime. WPI inflation rises to 4-yr high at 5.77% on back of increasing prices of vegetables and fuel.

     

    Govt to infuse fresh INR11,336cr capital in PSBs to meet the regulatory capital requirement. This comes after the govt recently infused INR2,000cr in PNB to prevent a default on bond repayment.

     

    Flipkart partners with Hotstar to launch video ad platform named Shopper Audience Network. Platform to allow brands to target consumers through personalized video ads on Hotstar. Flipkart to leverage consumer data from its user base to provide inputs in making more targeted advertisements.

     

    Microsoft FY18 revenues cross $100bn for the first time on the back of a stronger cloud business. Q2 net income rises 10% to $8.8bn as revenue increases 17% to $30.1bn. Walmart and Microsoft agree on sharing Microsoft’s cloud technology, to take on Amazon.

     

    Google fined $5bn by EU in Android antitrust case. The fine is for abusing the dominance of its Android operating system (OS).

     

    Comcast drops acquisition plan for 21st Century Fox. This leaves Disney as the clear winner in the battle for 21st Century Fox. Comcast looks to acquire Sky now, in which Fox already has a 39% stake.