The move comes hours after a court in southern Tamil Nadu state refused a request by China's Bytedance Technology to suspend a ban on its TikTok app
Ford will form a new unit in India in which it will hold a 49 per cent stake, while Mahindra will own 51 percent.
The proposed overhaul, which may increase operating costs for the sector, comes two months after India modified norms governing FDI in e-commerce.
Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent equity stakes in
New federal rules, which bar companies from selling products via vendors in which they have an equity interest, forced Amazon India to remove hundre
India will from Feb. 1 impose restrictions on how e-commerce firms operate, including barring them from selling products from firms in which they have
The row has erupted amid heightened debate about user privacy and how technology firms treat data in India and abroad.
Kohli was mostly tasked with building Uber's relations with regulators and government officials in India.
After raising $1.1 billion last month, Ola had said it was in "advanced talks with other investors" for a further $1 billion.
Meru has stepped up its legal challenge against local competitor Ola and U.S. rival Uber, alleging the firms are abusing their market position
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