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Tag Archives: Nod

Facebook Said to Have Received Nod to Set up Indonesia Unit

Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up small business entities to provide ... Read More »

Amazon India Gets RBI Nod For Mobile Wallet

New Delhi: Online marketplace Amazon India has secured a licence to operate prepaid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. “We are pleased to receive our PPI license ... Read More »

MakeMyTrip’s Acquisition of Ibibo Group Gets CCI’s Nod

HIGHLIGHTS MakeMyTrip and Ibibo announced merger last year in October CCI has approved the acquisition of Ibibo group by MakeMyTrip This will bring redBus, goibibo, Ryde under MakeMyTrip’s group Fair trade regulator CCI has approved online travel portal MakeMyTrip’s proposed acquisition of rival Ibibo group in an equity deal that would create one of the country’s largest online travel firm. ... Read More »