Amazon accuses Reliance of “collusion” with Future Retail

Justice Hari Shankar of the high court is scheduled to hear the matter on Tuesday. The apex court asked both Amazon and FRL to update it Wednesday on the outcome.

from Tech-Economic Times https://ift.tt/ds6ZiO3

Tata Neu, the 'super app' set to launch on April 7, 'never seen before' points redemption for users

from Tech-Economic Times https://ift.tt/4H1KUE5

Agritech VC firm Omnivore sets up new $130 million fund

This is the third fund by the investor and is expected to close the new fund by September 2022. With this fund the investment firm expects to fund 25-30 new start-ups in the next four years. The venture capital firm generally makes investments in seed rounds, pre-series A, and series A rounds with follow-on capital for future growth.

from Tech-Economic Times https://ift.tt/leQ7CRm

Enkash raised $20 million in a new round of funding led by Ascent Capital

The Mumbai-based Corporate expense management startup plans to utilise the capital to expand its offerings around banking-as-a-service (BaaS), scaling up its ‘plug and play’ cards issuance stack and its geographical presence.

from Tech-Economic Times https://ift.tt/0PnIyeV

As funding trickles, small companies become fair game for unicorns

​Consolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals.

from Tech-Economic Times https://ift.tt/fayrNTz

Tech cos, real estate developers eye increased interest for virtual property from buyers on metaverse

The companies building virtual worlds divide it into smaller plots that are bought as non-fungible tokens (NFT). Some companies are also helping buyers with a registry which cannot be edited so that no one else can claim that plot.

from Tech-Economic Times https://ift.tt/0exokij

IT captains laud move to end double taxation issue with Australia

India and Australia on Saturday signed an Economic Cooperation and Trade Agreement (ECTA) that seeks to nearly double bilateral trade in the next five years to $45-$50 billion from about $27 billion at present. It also eases norms for collaboration and talent sharing between the two nations.

from Tech-Economic Times https://ift.tt/IJxs0O1