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Facebook India Policy Head Ankhi Das Quits, Says Decision Not Due To...
Three months after she was acussed of not applying hate speech rules to posts by Bharatiya Janata Party (BJP) members, Facebook India’s policy head Ankhi Das has resigned. A statement released on...
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CAIT Raises Red Flag Over Flipkart-Aditya Birla Fashion Deal, Says It...
Traders’ body Confederation of All India Traders (CAIT) has raised objections over Aditya Birla Fashion and Retail’s plans to raise INR 1,500 Cr (about $203 Mn) by issuing 7.8% stake to Walmart-owned...
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Teachmint Looks To Tap Online Tutoring Demand With Seed Funding From...
Covid-19 not only changed the everyday learning experience for students, but has transformed how tutors and private teachers go about their work. Bengaluru-based edtech startup Teachmint is looking to...
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Amazon India Writes To SEBI, BSE, NSE, Asks Not To Okay Future-RIL Deal
Ecommerce giant Amazon has written to markets regulator Securities and Exchange Board of India (SEBI), Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), urging them to take into...
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BSE To Consult SEBI On Future-Reliance Deal After Amazon’s Objection
The Bombay Stock Exchange (BSE) has decided to consult markets regulator Securities and Exchange Board of India (SEBI) to seek clarifications from Future Retail and Reliance Industries about their INR...
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Govt Talks Tough, Vows Level-Playing Field In Ecommerce
Saying that the government will not tolerate violation of government policy anymore, minister of state for commerce Som Parkash has said that the government will not spare any efforts in maintaining a...
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Riding On Festive Season Transactions, UPI Breaches 2 Bn Mark In October
It has been a new high for Indian government-sanctioned digital payments system Unified Payments Interface (UPI) in October. After breaching the 1 Bn transactions mark in the first 15 days of October...
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Future Group Defiant, Says Singapore Arbitrator’s Order Not Binding
A week after the Singapore International Arbitration Centre (SIAC) order to put the INR 24,713 Cr deal between Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance Retail Ltd. on hold, the Future...
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CAIT Accuses Amazon India Of Violating FDI Policy, Ecommerce Giant Denies
Traders’ body CAIT has accused ecommerce major Amazon of violating Foreign Direct Investment (FDI) policy and Foreign Exchange Management Act (FEMA) norms, a charge which the multinational company...
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NPCI To Cap Transaction Volumes For UPI Apps At 30% From Jan 1
In a move that is likely to impact PhonePe and Google Pay which have market share higher than 30%, the National Payment Corporation of India (NPCI), which manages Unified Payment Interface (UPI), has...
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AWS Expands India Footprint, To Open Second Cloud Region In Hyderabad In 2022
Amazon Web Services (AWS), the cloud arm of ecommerce giant Amazon, on Friday (November 6) announced to open a second infrastructure Cloud region in Hyderabad by mid-2022 with three availability zones....
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GPay, PhonePe Cry Foul Over 30% Cap On UPI Transactions
Google Pay and PhonePe, which together hold more than 80% market share, criticised the National Payments Corporation of India’s (NPCI) move to implement 30% cap on the total volume of UPI transactions...
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[The Outline By Inc42 Plus] Ecommerce Puts On Festive Wear
“Great Indian Festival is Bharat’s biggest “sellerbration” on Amazon ever! Myntra sets record with ~100% growth in orders over the previous edition of Big Fashion Festival; 4 million customers shop...
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BigBasket Faces Data Breach: Details Of 2 Cr Users Put On Dark Web
Grocery delivery platform BigBasket has faced a potential data breach that could have leaked details of its around 2 crore users, according to cyber intelligence firm Cyble. The company has filed a...
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Logistics Startup Xpressbees Raises $110 Mn, Looks To Expand Delivery Footprint
Pune-headquartered logistics company Xpressbees has raised $110 Mn in a new financing round. The startups Series E financing round was led by private equity firms Investcorp, Norwest Venture Partners...
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Future Group Reveals Amazon’s “Game” To Hinder Reliance Deal To Delhi High Court
The Delhi high court has sought Amazon’s response on a plea by Kishore Biyani-led Future Retail Ltd (FRL) alleging that the e-commerce major was interfering in its INR 24,713 Cr deal with Reliance...
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CCI Seeks Response From 17 Startup Founders On Google Abusing Dominant Position
The Competition Commission of India (CCI) has written to 17 startup founders, questioning them and collating their viewpoints on the ongoing controversy over Google abusing its dominant position in the...
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Digital News Portals, Netflix, Amazon Prime, Other OTTs Now Under I&B Ministry
In a move to strengthen its hold over online news and content carried on OTT providers, the Information and Broadcasting (I&B) ministry has brought these entities under its ambit. The...
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CCI Clears Google Buying 7.7% Stake In Jio Platforms
The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google’s proposed purchase of 7.73% stake in Jio Platforms. In July, it was announced that Google has agreed...
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Online Used Car Marketplace Cars24 Launches ESOP Buyback Worth INR 35 cr
Online used car marketplace Cars24 has joined foodtech unicorn Swiggy and online reseller network Meesho in offering an ESOP (employee stock ownership plan) cash-out scheme worth INR 35 Cr to its...
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