Categories
India Tech

Google CEO’s Advice to Ambitious Students: Loosen Up

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That’s the gist of my story yesterday, which began:

Google Chief Executive Sundar Pichai has some straightforward life advice for students at his alma mater: loosen up and have some fun.

The India-born Mr. Pichai, speaking Thursday at the elite Indian Institute of Technology Kharagpur outside Kolkata, told university students who asked how they could emulate his success to pursue their passions, take risks, and be creative.

That is unconventional advice in a country where parents often pressure their children from a young age to study hard so they can secure steady employment.

“Academics is important but it is not as important as it’s made out to be,” Mr. Pichai said, adding that during his time studying metallurgical engineering at the school more than two decades ago he stayed up late, slept through the occasional class — and may even have earned a C in one course.

“I worked hard but we did have our share of fun as well,” he said.

And:

Near the end of his hour-long town hall, an earnest student asked Mr. Pichai for advice on how he could make the most of his four years on campus. Mr. Pichai’s response was simple: “I wouldn’t overthink it.”

Previously: Google’s Newest India Focus: Connecting Small Businesses.

Categories
India Tech

Google’s Newest India Focus: Connecting Small Businesses

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That’s the subject of my latest WSJ story, which begins:

NEW DELHI— Alphabet Inc.’s Google is ramping up its efforts to get India’s small businesses online, the latest step in its quest to win new users in the populous nation.

Google Chief Executive Sundar Pichai said on Wednesday that the Mountain View, Calif., company will launch later this year a tool that allows owners of small businesses that are now offline to create mobile-friendly websites for free. Google says nearly three quarters of the country’s 51 million small businesses currently lack a web presence.

India will be the first country to get access to the feature, which will then be rolled out to other nations.

“India shapes how we develop products in so many ways, big and small,” the India-born Mr. Pichai told a conference of entrepreneurs here. He said the company has added more staff locally and executives have been spending more time in the South Asian nation.

As I’ve noted before, India holds huge potential for Google — and other big U.S. tech firms, like Uber and Amazon — because it is home to more than 1.2 billion people, most of whom have yet to get online for the first time.

Categories
India Journalism

How Uber’s Racing to Add Drivers Here in India

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That’s the subject of my latest story, out Thursday, which begins:

NEW DELHI—How do you train a million new Uber drivers in a country where most people have never driven a car, tapped on a smartphone or even used an online map?

Uber Technologies Inc. faces that daunting task as it tries to avoid its fate in China, where it decided this year to sell its business to homegrown champion Didi Chuxing Technology Co.

The $68 billion San Francisco startup has plenty of cash and cutting-edge technology to bring to its battle in India. Also, the country hasn’t thrown up the kind of regulatory hurdles that have hindered Uber’s growth in other regions. So the company’s ability to find and teach new drivers could decide whether Uber can dominate this fast-growing market.

Click through for a video, narrated by yours truly.

I also wrote a sidebar, “5 Ways Uber Is Tweaking Its Strategy in India.

Categories
India Tech

Scoop with a Colleague: Apple Is Discussing Manufacturing in India, Government Officials Say

Apple

The story, which ran Tues., begins:

NEW DELHI— Apple Inc. is discussing with the Indian government the possibility of manufacturing its products in the country, according to two senior government officials, as the company seeks to expand its sales and presence in the South Asian nation.

In a letter to the government last month, the Cupertino, Calif., firm outlined its plans and sought financial incentives to move ahead, the officials told The Wall Street Journal. Senior Trade Ministry authorities in recent weeks met to discuss the matter.

An Apple spokeswoman didn’t respond to requests for comment.

Making goods such as iPhones locally would allow Apple to open its own stores in India, helping build its brand in a country where it has less than a 5% slice of a booming smartphone market.

Our piece was followed by Reuters and picked up by many outlets:

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As I wrote on Facebook, subscribe to The WSJ to get such news before anyone else!

Categories
India Journalism

Delhi Snapshot: Think Your TV Job is Tough?


Spare a thought for this local reporter I saw doing a (rather crowded) live shot the other day. I count more than 15 people, not counting the journalist, in the frame. 

That cannot have been been easy, but she seemed totally unflustered. 

Categories
India Tech

By Me and a Colleague Yesterday: Morgan Stanley Fund Cuts Valuation of its Flipkart Holding

The story begins:

MUMBAI—A Morgan Stanley investment fund has reduced the valuation of its holding in Flipkart Internet Pvt. by 38%, as India’s leading e-commerce firm faces increased competition from U.S. rival Amazon.com Inc. and others.

In a U.S. regulatory filing this week, the Morgan Stanley Select Dimensions Investment Series fund said for the quarter ended Sept. 30, it held 1,969 Flipkart shares, which it valued at $102,644, or $52.13 a share.

For the preceding quarter, the fund—part of Morgan Stanley Investment Management, the company’s asset management division—reported the same number of shares in the startup, but valued them at $165,967, or $84.29 a share

In a statement, a Flipkart spokeswoman said the Morgan Stanley fund’s markdown was a “purely theoretical exercise” that is “not based on any real transactions.”

Related posts/stories:

By Me on Friday: How Amazon Has Taken India by Storm

Video: Me on Facebook Live Talking about Our Recent Amazon Story

Categories
Economics India

Facebook Live Video: A Colleague and I Discuss Demonetization in India

Embedded above and on The WSJ Facebook page here: A colleague and I earlier this week discussed India’s demonetization — the government’s sudden decision to eliminate its biggest bills.

Categories
India Tech

By Me Yesterday: India’s Paytm Sees Surge in Usage After Demonetization

The story begins:

Indian online payment firm Paytm says it has added 8 million new users in the two weeks since the government announced the replacement of the country’s highest-denomination bank notes.

In a bid to root out corruption, counterfeit money and tax evasion, Prime Minister Narendra Modi on Nov. 8 announced the replacement of notes worth 500 rupees ($7.30) and 1,000 rupees ($14.60). That move has resulted in a cash shortage, with scores of people lining up outside ATMs and banks to deposit their cash, exchange old notes or withdraw new bills.

The inconvenience has also pushed people to sign up for digital wallets.

“This is the golden age of investment in digital payments in India,” Vijay Shekhar Sharma, chief executive of Paytm parent company One97 Communications, said at a news conference in New Delhi on Wednesday.

Patym, which is backed by Chinese e-commerce giant Alibaba Group Holding Ltd., makes a popular mobile app that can be used to pay for everything from auto-rickshaw rides to groceries.

The Noida, India-based firm is adding about 500,000 new users daily following Mr. Modi’s announcement, according to Mr. Sharma. It added 100,000 a day last month.

Click through to read the rest.

Categories
India Journalism Tech

By Me Yesterday: What Trump Said About Working Visas to the U.S.

The story begins:

U.S. President-elect Donald Trump on Monday said his administration will scrutinize what he called “abuses” of visas amid speculation that he intends to restrict the flow of skilled workers into his country.

In a two-minute video posted on YouTube, Mr. Trump for the first time since the Nov. 8 election articulated to the public what he plans to do during his first 100 days in office.

“On immigration,” Mr. Trump said, “I will direct the Department of Labor to investigate all abuses of visa programs that undercut the American worker.”

He also said he would take action on trade, energy policies and more.

My previous stories on Trump and immigration are here and here.

Categories
India Tech

Video: Me on Facebook Live Talking about Our Recent Amazon Story

Embedded above and on The WSJ Facebook page here: A colleague and I earlier today discussed my recent story about Amazon’s rapid rise here in India.