Manish Singh
A top official of India’s central bank has compared cryptocurrency to “Ponzi scheme” and suggested an outright ban in its sharpest criticism just weeks after the government proposed taxation of the virtual digital asset and paved way to recognize it as legal tender in the world’s second largest internet...
Jio Platforms is investing $200 million in Glance, which serves media content, news and casual games on Android handsets’ lockscreen, the two said Monday, the latest in a series of bets from Mukesh Ambani’s empire as it looks to expand its offering to over 420 million telecom subscribers...
India plans to ban an additional 50 apps — including Tencent’s Xriver and NetEase’s Onmyoji Arena — with links to China, the latest in a series of similar moves over the past one and half years, on ground of national security.
Some of the new prohibited apps, which include...
The Indian government-run insurer Life Insurance Corporation of India filed draft papers with the market regulator on Sunday, announcing its plans to sell 5% of its shares to raise nearly $8 billion in the country’s biggest IPO.
The Narendra Modi’s government plans to sell about 316 million shares in...
Tiger Global is in talks to lead a new financing round in GoMechanic, an India startup that operates a network of technology-enabled automobile service centres, two sources familiar with the matter said.
The proposed talks for the Gurugram-headquartered Series D funding values the startup at $1.2 billion, up from $325...
James Murdoch and Uday Shankar have launched a new venture called Bodhi Tree with a $1.5 billion backing from Qatar Investment Authority as the duo looks to double down on their investment in Southeast Asia and India, the two said on Thursday.
The duo most recently worked at investment...
Xpressbees, an Indian logistics startup that works with several e-commerce firms in the country, has more than tripled its valuation to $1.2 billion in a new financing round.
The Pune-headquartered startup said on Wednesday it has raised $300 million — $100 million in primary and $200 million in secondary...
SoftBank Vision Fund 2 has led a $300 million investment in ElasticRun as the Japanese conglomerate doubles down on its commerce bet in the world’s second largest internet market.
Goldman Sachs and existing investor Prosus Ventures also participated in the Pune-headquartered startup’s Series E round, according to regulatory filings...
BharatPe co-founder and managing director Ashneer Grover has asked the board for the removal of chief executive Suhail Sameer from the board in the latest of a series of remarkable turn of events at the Tiger Global-backed Indian fintech startup.
Grover, who is subject to an ongoing investigation whose...
India on Tuesday announced plans to launch a digital currency by next year and tax cryptocurrencies and NFTs in one of its most remarkable tech and business-focused federal budgets as the second largest internet market moves to navigate the fast-evolving world of virtual financial instruments.
Income from the the transfer...
