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E-commerce tech firm Unicommerce expands in Gulf, starts Saudi operations

E-commerce was worth $8.3 billion in 2017 in the Middle East and North Africa (MENA) region and is expected to more than triple by 2022 to reach $28.5 billion, says a study by Bain & Co and Google

Delhi HC issues notice to Future, RIL retail arms on Amazon's plea

The Court issued a notice in the matter and listed it for further hearing on February 12

Amazon takes on edtech cos Byju's, Unacademy with launch of Amazon Academy

Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

DGGI issues show-cause notice to Amazon India over Rs 175 cr tax demand

Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit

Byju's in talks to buy Aakash Educational Services for $700 million

New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India

Amazon urges Sebi to suspend review of $3.4 billion Future-RIL deal

Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail

Paytm Payments Bank leads cashless toll market with six million FASTags

Has now enabled cashless toll payments across 250 plazas in the country

Meat startups move to stem bird flu fear, give assurance on poultry quality

While organised meat startups claim 100% traceability of their products with full biosecurity, unorganised meat market has taken a beating, going down by 20-25%

Uber, Ola face DG-GST Intelligence probe related to alleged tax evasion

Summons issued to officials of the two firms for hundreds of crores of alleged evasion

Sequoia-backed Rebel Foods eyes global expansion of cloud kitchens

Raising funds to become next unicorn

Capgemini appoints Olivier Sevillia as group COO effective January 1

Sevillia has been with the firm for the past 30 years, and was CEO of its Europe strategic business unit before assuming the new role

Flipkart ropes in JP Morgan's Saroj Panigrahi as Senior VP ahead of IPO

Bijoya Roy will transition into the role of vice president, head of legal for Flipkart Operations and report to Panigrahi

Food-grocery marketplace Jumbotail completes $25 million fundraise

Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years

Income tax department conducts surveys at Flipkart and Swiggy offices

The surveys are related to an alleged bogus input tax credit connected to the external vendors of these firms

Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

Flipkart introduces Marathi on its app, days after Amazon faced ire

Marathi is significant for it is the third most widely spoken language in India.

Udaan raises $280 mn from existing, new investors, valuation crosses $3 bn

The additional financing exercise takes the overall funding raised by Udaan to date to $ 1.15 billion

Paytm, PhonePe make most of digital adoption to disrupt BFSI space

Paytm launches instant personal loans 24x7 all year round in under two minutes, PhonePe unveils Term insurance

WhatsApp updates privacy policy, makes Facebook data sharing mandatory

The users have at least one month's notice before the privacy policy and terms go into effect in February 2021