Bloomberg SoftBank Vision Fund will invest about $2.5 billion in Flipkart Group, swelling the Indian e-commerce players’ cash hoard as it vies with Amazon.com Inc., people familiar familiar with the matter said. The investment includes approximately $1.5 billion directly into Flipkart and $1 billion for part of Tiger Global Management’s stake, the people said, asking not to be identified discussing ...

Bloomberg Our perpetual smartphone texting is strictly personal: Friends, family, and maybe an ex. We almost never text the myriad businesses we patronize in daily life, though some of them are starting to text us. Now, airlines—an industry not known for stellar customer interactions—are joining the party, and not just to break the bad news about your flight. They’re inviting ...

ABU DHABI / WAM The cash flow circulating on the UAE market by UAE nationals and residents, including individuals and corporations alike, gained AED5.1 billion during H1 2017, bringing to AED67.4 billion the money supply circulating outside the banking sector by the end of June, according to UAE Central Bank statistics. On a YOY basis, the liquidity available outside banks ...