Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to compete in the low-end of online retail, the geopolitical factors played an important in Shopee pulling the plug here.
A BBC report quoting sources said Indian tech giant Infosys, in which UK Chancellor Rishi Sunak's wife owns shares thought to be worth more than £400m, is closing its office in Russia.
President Joe Biden said last week that sanctions imposed on Russia for its Feb. 24 attack on Ukraine could result in a backlash, including cyber disruptions, but the White House did not offer specifics.
What’s more, the cricket competition will take place live online over the course of two days, which means proxies for the two men will have to make minute-by-minute bids and counterbids in real-time. Imagine a Sotheby’s-style auction with Bezos and Ambani, worth about $275 billion and $100 billion respectively, bidding for a prize that only one can ultimately possess.
Signal violations topped the list with 581 cases being recorded in what the city police termed an ‘awareness drive’ conducted on Wednesday. Failure to adhere to line discipline, not wearing a helmet and others made for the rest of the violations.
Sellers ET spoke with said that they are yet to receive a communication from Amazon, Flipkart or Meesho about any hike in freight rates, but they expect to pass on the additional cost to the customers by increasing prices as and when costs rise.
According to industry estimates, the top 5-6 Indian crypto platforms clocked about $70-100 billion in trading volumes for the calendar year 2021 with WazirX alone racking about $43 billion. However, such growth is likely to taper off this fiscal if tax provisions are not altered, industry executives said.
Last year, sustained investor interest had led to a meteoric rise in volumes on crypto exchanges. According to industry estimates, the top five to six Indian crypto platforms clocked $70-100 billion in trading volume in calendar year 2021, with WazirX alone handling about $43 billion.
The industry body estimates 40-60% penetration of deep tech in software products by 2030, where trends such as artificial intelligence and machine learning are seen to become prevalent.
The fresh cash is being deployed at a time when Walmart-owned Flipkart is scaling many of its new businesses like epharmacy, travel, social commerce platform Shopsy and doubling down on its grocery business.
