Thursday 9 December 2021

Italy fines Amazon record $1.3 billion for abuse of market dominance

Amazon leveraged its dominant position in the Italian market for intermediation services on marketplaces to favour the adoption of its own logistics service—Fulfilment by Amazon (FBA)—by sellers active on Amazon.it.

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Crypto token should be treated as special class of securities: CII

It further said that the government should consider setting up a standing advisory council comprising representatives of regulators, policymakers, and other stakeholders who can advise on the challenges associated with the new asset class.

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A $5 billion SoftBank fund is 10% crypto, LatAm director says

The managing director of SoftBank’s Latin America Fund said approximately 10% of one of the firm’s $5 billion funds is invested in crypto-related assets, which is a strategy he supports even if some tokens are overvalued.

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Prodapt acquires UK-based SLR Dynamics

This is Prodapt’s second acquisition for the year following its acquisition of Silicon Valley-based Innovative Logic in August. The company said this acquisition of SLR Dynamics will strengthen its leadership position in the connectedness vertical.

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India’s first pure play climate tech fund may kick off by March end

Moily-Srinivasan duo plan to close $80-$100 million in round one

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Razorpay eyes $90 billion TPV by 2022, launches new solutions to enhance payment experience

The unicorn, which is backed by investors like Tiger Global, Sequoia Capital India and Mastercard, has announced the launch of three new products that are aimed at simplifying payment management processes for businesses.

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Clensta secures Rs 20 crore in funding from Hem Angels, Venture Catalysts, others

The funds raised will be used to scale up the company's sales, ramp up brand marketing and expand online and offline presence across India.

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HPBOSE 10th Result 2022 LIVE Updates: Himachal Board HP 10th result today at 11, check details here

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