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TLDR: Elon Musk proposes hostile takeover of Twitter, Flipkart’s Myntra looks to fend off challenge from Ajio, and CAIT sets its eyes on Flipkart again

Tesla CEO Elon Musk offers to buy Twitter for nearly $43 billion Elon Musk launched a bid worth $43 billion to take Twitter Inc. private, according to a Bloomberg report. Musk lambasted the company management and said that he’s the person who can unlock the “extraordinary potential” of a communication platform used daily by more than 200 million people. Flipkart invests $116 million in Myntra to keep Reliance's Ajio and Nykaa at bay Flipkart’s Singapore-based parent entity has invested $116 million in its online fashion retail arm Myntra, as per a report in the Economic Times. The investment was to fend off challenges from Reliance's Ajio and beauty retailer Nykaa's foray into fashion, ET added. CAIT alleges predatory pricing By Flipkart-Owned Shopsy CAIT National Secretary Praveen Khandelwal shot off a letter to Finance Minister Nirmala Sitharaman, seeking an investigation into the alleged predatory pricing tactics employed by Flipkart-owned ecommerce platform Shopsy, Inc42 wrote in the report. Khandelwal drew attention to five stores operated by Shopsy that he said were in ‘blatant’ violation of FDI regulations, the report added. Tata Neu is open to hosting external businesses Tata Group Chairman N Chandrasekaran announced that Tata Digital’s new ‘super app’ Tata Neu, will be open to hosting external brands from other companies in the future, Economic Times reported. Tata Neu was launched a week ago, and had faced several delays before it was thrown open to the public, ET explained. TikTok is testing private dislike button for comments TikTok revealed that it has…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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