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The National Committee for the Promotion of the One Village One Product (OVOP) Movement under the Council of Ministers has signed a two-year cooperation agreement with the Logistics Business Association (LOBA) and Super App Technology Plc.- Photo supplied
PHNOM PENH (The Phnom Penh Post/ANN): The National Committee for the Promotion of the One Village One Product (OVOP) Movement under the Council of Ministers has signed a two-year cooperation agreement with the Logistics Business Association (LOBA) and Super App Technology Plc.
The tripartite agreement was signed on Friday (Jan 29) at the Council of Ministers in a bid to promote the digital marketing of Cambodian commodities such as handicrafts, agriculture and services and improve their quality.
Mukesh Ambani Reliance Jiomart Vs Tata Group Big Basket | Impacts On Amazon Flipkart Market Shares In India | ઓનલાઇન બજારમાં હવે ટાટા અને રિલાયન્સની ટક્કર થશે, એમેઝોન-ફ્લિપકાર્ટ ફિક્કી પડી જશે
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Mukesh Ambani Reliance Jiomart Vs Tata Group Big Basket | Impacts on Amazon Flipkart Market Shares In India | ऑनलाइन बाजार में अब होगी टाटा और रिलायंस की टक्कर, अमेजन-फ्लिपकार्ट पड़ जाएंगे फीके!
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Tata Group eyes 60% stake in BigBasket; set to pump in $250 million initially
Majority stake in BigBasket for Tata means full exit of biggest backers of BigBasket, including Chinese e-comm giant Alibaba and equity firm Abraaj group. Both collectively hold about 46 per cent stake in BigBasket. Once deal is signed, it could value BigBasket at about $1.6 billion
BusinessToday.In | January 20, 2021 | Updated 09:02 IST
The formal decision regarding the deal could be announced very soon
The Tata Group is all set to pump in about $200-250 million in online grocery platform BigBasket as part of its larger deal to acquire a majority stake in the start-up. Talks have been going on for months and have reached the final stage now. In total, Tatas could shell out about $1.3 billion in primary and secondary share sale to BigBasket. It may be eyeing around 60 per cent stake in India s largest e-grocery company.
ETtech Morning Dispatch on 20 Jan. 2021: Top tech news to start your day
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Last Updated: Jan 20, 2021, 08:39 AM IST
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Synopsis
From Tata s plans to infuse cash into BigBasket and 1mg to India mounting troubles for WhatsApp, Amazon and Walmart-Flipkart, here s a look at the tech news to start your day.
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India wants WhatsApp s privacy policy changes withdrawn. The Tata Group is close to announcing big investments in BigBasket and 1mg as part of an acquisition drive for its Super App plans. Flipkart is likely to suspend plans to set up a separate platform to sell fresh food directly to consumers. And a new government notification may hit foreign ecommerce biggies.