Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries
The legal battle ensuing between the companies Amazon, Future Retail and Reliance has been going on since last year itself.
India plans to introduce new law to ban Bitcoin, other private cryptocurrencies
The Bill also aims to outlaw all private cryptocurrencies in India but provides for some provisions to use cryptocurrency technologies.
Udaan and Vedantu backer GGV Capital raises $2.5 billion across four latest funds
The four funds are Fund VIII (for most investments), Fund VIII Plus, Discovery III (for early-stage startups) and Entrepreneurs VIII.
Amazon faces ED probe for alleged violation of the foreign exchange laws and rules of the country
The Delhi HC says that the company's attempt to control Future Retail through a series of agreements is a violation of the FDI laws.
Google issues new updates to Play Store policies regarding gaming loyalty programs and features
The updated policy considering real-money gambling on play store apps will be effective from 1 March 2021.
Indian biomedical startup Elucidata raises $5 million in pre-series A funding round
The firm will use the investment to capitalise on its position as a leading provider of structured biomedical molecular data to the life sciences industry.
Apple hits record revenue of $111.4 billion in Q1 2021, doubles market share in India
Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock.
Twitter acquires newsletter publishing platform Revue in an undisclosed deal
Twitter is making Revue’s Pro features free for all accounts and lowering the paid newsletter fee to 5 percent.
E-sports gaming platform Mobile Premier League raises $500,000 from employees
Founded in 2018 by Sai Srinivas and Shubh Malhotra, the company is the official sponsor of the IPL teams Kolkata Knight Riders and Royal Challengers Bangalore.
Swiggy's revenues jump 115 percent to Rs 2,776 crore, losses up 61 percent to Rs 3,768 crore
During the year under review, the company’s business grew by 85 percent. There was an addition of over 100,000 restaurants with an active delivery fleet of over 200,000.
Video software platform Vimeo valued at nearly $6 billion in a new round of fundraising
In December, Vimeo saw its highest month of year-over-year revenue growth—57 percent—for all of 2020.
Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
This is the third year in a row that India has kept its number four position globally after the US, China and the UK.
Phone numbers of over 500 million Facebook users on sale through automated Telegram bot
The bot has been running since at least January 12, 2021, according to screenshots posted by Gal, but the data it provides access to is from 2019.
Google announces $150 million investment to promote vaccine education, equitable access
Google claims to have helped more than 100 government agencies and global non-governmental organizations since the pandemic.
CAIT seeks action against Amazon, Flipkart, Zomato, others for 'daylight robbery'
CAIT says that platforms like Amazon, Flipkart, Zomato, Swiggy, are flouting rules, and it demanded immediate action against them.
Furniture rental startup Furlenco raises Rs 20 crore in venture debt from Blacksoil
Furlenco has furnished over 150,000 homes across eight major cities in India and has AUM (assets under management) worth over Rs 200 crore.
Reliance Retail, Future Group's Rs 24,000 crore deal cleared by market regulator SEBI
The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.
CRED founder Kunal Shah backs Carl Pei's upcoming venture in an undisclosed amount of funding
"Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” Kunal Shah said.
CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion
Flipkart and Aditya Birla Fashion had announced the agreement in October 2020 in which Aditya Birla Fashion would be issuing a 7.8 percent stake to Flipkart on a preferential basis.
Online transactions grew 80 percent in 2020 driven by strong uptake from tier II, III cities, reports Razorpay
Razorpay said it witnessed a decline of 30 percent in digital payments initially during the lockdown, but after the first 70 days of the national lockdown, digital payments rebounded by 23 percent.