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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The two countries are among the five core global markets of the Gurugram-headquartered used car sales startup.
Used car sales startup Cars24 has shut down operations in Indonesia and Saudi Arabia. The Morning Context could not ascertain the number of people who have been affected, but Tech in Asia reported that around 100 employees were laid off in Indonesia.
Cars24 co-founder and global CEO Vikram Chopra confirmed the development on Thursday. “We realized we need a deeper focus and hence, after months of deliberation, we have made the difficult decision to not pursue operations in Indonesia and Saudi Arabia at the moment,” he said in response to an email. “We will be prioritizing our focus on our …
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
As part of a wider push to encourage transparency in the market, the CMA’s latest proposal seeks more clarity on how private capital moves around in the country.
