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INDONESIA ECOMMERCE LICENCES
Indonesia lifts TikTok licence suspension as app shares dataIndonesia has lifted its suspension of TikTok's local operating licence after the social media platform shared data requested by the govern...- Mukesh Ambani turns to 'Wyzr' to disrupt India's consumer electronics and home appliances marketThe company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by forei...
- RBI grants payment aggregator licences to Razorpay, Cashfree, others; FirstCry’s IPO detailsWhile the payment aggregator licence was thought to be routine initially, for the likes of Razorpay and Cashfree, it makes a big impact as ...
- TikTok, YouTube, Meta mulling Indonesia ecommerce licencesIndonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline...
- Ola may bring in CEO for cabs business; UPI tops 10 billion transactions in AugustIt’s still not clear whether the new CEO will lead ANI Technologies, the incorporated entity that runs Ola Cabs and its subsidiaries, inclu...
- TikTok in talks to gain Indonesian payments licenceThe news follows an announcement by TikTok CEO Shou Zi Chew in June that the short video platform would invest billions of dollars in Indon...
- Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better marginsIndian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. Th...
- Zomato deep in red, but exudes optimism; TikTok fires entire India staffZomato is unperturbed by losses widening in the December quarter. The Deepinder Goyal-led food delivery app has reasons to feel confident a...
- Shopee quits India in six months; crypto exchanges evaded Rs 81.54 crore GSTSingaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided to shut its operations here.
- View: India needs to come up with newer and bolder solutions to save the telecom sectorGross revenue in the sector reached ₹2.74 lakh crore in 2020-21, a CAGR of 2.4% during 2018-21. However, revenues are not witnessing a prop...
- Sea looks to raise $6.3 billion in Southeast Asia's biggest fundraisingSea is looking to sell 11 million American Depository Receipts with the option to offer 1.65 million more as part of a so-called greenshoe ...
- Dunzo-Tata talks stuck on deal termsTata Digital's potential investment in Dunzo is stuck as the hyperlocal startup doesn't want to give majority control.
- E-commerce draft policy & recommended changesAs the deadline to submit feedback on India's draft e-commerce rules comes to an end, we bring you all the suggestions given by industry gr...
- Pine Labs gets funding at $3.5-billion valuation ahead of US IPOFintech startup Pine Labs has raised $315 million from Fidelity and BlackRock, among others, to close its latest funding round at $600 mill...
- Pine Labs may raise $300 million, valuation likely to jump to $3 billionLondon-based Marshall Wace is one of the top investors participating in the new financing round of the commerce solutions provider to merch...
- Singapore's Grab to go public in world's biggest $40 bn SPAC mergerThe merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the ...
- Singapore's Grab to go public in world's biggest $40 billion SPAC mergerThe merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the ...
- Southeast Asia's Grab considering US IPO this yearThe IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share offering by a South...
- Chinese lenders out for a taste of IndiaWhile India’s rapidly growing fintech sector appears greener to the Chinese companies because of a regulatory clampdown back home, domestic...
- Plans to add 3 more facilities, reliable power biggest challenge: Tetsuya Shoji, NTT Communications'Netmagic will continue to be carrier neutral while customers that will be part of the new license will be large Japanese clients.'
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