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Vodafone calls its former India MD Martin Pieters to work on merger with Idea Vodafone group Plc has brought in Martin Pieters, former managing director and CEO of its Indian arm, to work on proposed merger of Vodafone India with Idea Cellular, people familiar with the matter said. Vodafone Group chief executive Vittorio Colao is also likely to brief all business heads of the Indian arm over a conference call next week about the proposed merger.Read more at Economic Times


Snapdeal to merge with Paytm’s e-commerce site: Reports About a month back, exploratory talks had been held on merging Paytm's marketplace with Snapdeal in an all-stock transaction.People familiar with this development told ET that whether the deal will happen is not certain and that if all stakeholders agree, talks may resume again. These people spoke off record, citing confidentiality issues and non-disclosure commitments.Read more at economic times


Ola’s another Top-level executive quits , after CFO, CMO’s exit Ola the country’s largest cab-hailing company, with Chief Financial Officer Rajiv Bansal and Chief Marketing Officer Raghuvesh Sarup submitting their resignations, Ola's Chief Operating Officer of offline initiatives, Anuj Bhargava, has also quit from the ride-hailing startup. Bhargava was one of the company's key architects behind recent initiatives such as in-car entertainment service Ola Play. Several other senior directors have quit Ola in the last two weeks.
Read more at Livemint


Ola’s CFO Rajiv Bansal and CMO Raghuvesh Sarup quit Cab aggregator Ola continues to see top management churn with its CFO Rajiv Bansal and Chief Marketing Officer Raghuvesh Sarup putting in their papers. Both Bansal and Sarup were roped in about a year back by the SoftBank-backed firm, which is locked in an intense battle for leadership with US-based Uber.
Read more at Economic Times


Adidas files complaint against Tesla Model 3’s logo The apparel giant has filed a challenge to prevent Tesla from registering the Model 3's logo as a trademark. It's similar enough to Adidas' stripes that it's "likely to cause confusion" and suggest the two brands are connected, according to the filing.
Read more at Clipper 28


RBI saved rupee from becoming unstable: NITI The RBI played an "admirable role" in bringing "incredible" stability to the rupee in the face of demonetisation and global upheavals like Brexit and the US elections, NITI Aayog Vice Chairman Arvind Panagariya has said.
Read more at Business Today


RBI: No limit on cash withdrawal from March 13 The Reserve Bank of India (RBI) announced today that withdrawal limit for savings accounts would be increased to Rs 50,000 a week from February 20. All cash withdrawal limits will be lifted from March 13. On February 1, the RBI removed the limits on withdrawals from current accounts, but kept the overall limit at Rs 24,000 a week for savings bank account.
Read more at Times of India


97 companies from Apple to Zynga joined to take legal action against Trump Ninety-seven companies, from Apple to Zynga, filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The participating technology companies include Airbnb, Facebook, Google, Intel, Netflix, Snap and Uber Technologies. Companies beyond technology signed on as well, including Levi Strauss & Co and yoghurt maker Chobani.
Read more at Independent


Govt issues notice to Paytm, Jio on using PM Modi’s photo on advertisements The government has issued notices to Paytm and Reliance Jio Infocomm asking them whether they had taken prior permission before using Prime Minister Narendra Modi's photographs on advertisements of their products. An official with the ministry of consumer affairs, food and public distribution confirmed the move, adding that the companies may also face penalties in the coming week.
Read more at Economic Times


Paytm’s e-commerce to raise $200 mn led by Alibaba Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday.
Read more at Livemint