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    More CCI Trouble For Google As Google Pay Caught In Antitrust Case

    An antitrust complaint was filed in February against the UPI-backed payments app The complaint alleges that Google prominently promotes Google Pay to Android phone users The case is currently being reviewed by senior CCI officials The Competition Commission of India (CCI) is looking into antitrust allegations against Google's digital payments app Google Pay, with the...

    • 42 min ago
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    Reliance Adds WhatsApp Chatbot For Shareholder Queries On Rights Issue

    The company floated an INR 53,125 Cr rights issue on May 20 The WhatsApp bot will address shareholder queries on a range of matters Reliance is also using a few call centres to take inquiries outside WhatsApp After launching a WhatsApp chatbot for coronavirus questions, Reliance Industries is launching a similar tool for shareholders to get answers to any questions about the...

    • 5 hrs ago
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    BYJU's Claims 2X Revenue Growth In FY20 As Paid Users Increase To 3.5 Mn

    Cofounder Divya Gokulnath said BYJU's revenue for FY20 stood at INR 2,800 Cr BYJU's had posted INR 1,341 Cr in revenues in FY19 The valuation of the edtech major is reportedly expected to spike to $10 Bn with upcoming deals Bengaluru-based edtech major BYJU's posted revenue of INR 2,800 Cr in the financial year ending March 2020, cofounder Divya Gokulnath...

    • 9 hrs ago
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    Blockchain This Week: Facebook Renames Blockchain Division, Tencent To Invest $70 Bn Into Emerging Technologies & More

    Facebook renames its blockchain division and digital wallet, Calibra to Novi Tencent Holdings to invest $70 Bn in emerging technologies, including blockchain Australia-based blockchain energy startup Power Ledger partners with Thai Digital Energy Development (TDED) to develop a blockchain-based digital energy business Infocus ...

    • 11 hrs ago
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    Digital Payments Dwindle In Q1 2020 As Lockdown Interrupts Fintech Boom

    India has around 886 Mn payment cards and 5 Mn point-of-sales (PoS) machines In Q1 2020, UPI recorded 3.87 Bn transactions but the volume dropped in March and April Overall, the volume and value of transactions in Q1 2020 dipped by 10% and 12% respectively India is rushing towards a digital economy and experts suggest that the Covid-19 pandemic has pushed the momentum...

    • 11 hrs ago
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    NPCI To Restart eSign-Based eMandate For Digital Lenders, Banks

    NPCI had stopped eNACH in 2018, as a result of which several fintech players faced hurdles It has now allowed banks and digital lenders to follow eNACH mandate The feature will go live from June 1 The National Payment Corporation of India (NPCI) has revoked its earlier restrictions on eNACH mandate and allowed banks and digital lenders to make recurring payments from consumers. ...

    • 12 hrs ago
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    VestaSpace To Deploy 35 Satellites As It Eyes 5G Roll Out By 2021

    VestaSpace will launch over 35 satellites from September onwards The satellites are expected to facilitate pan-India 5G service VestaSpace Technology recently raised $10 Mn in fresh funding from Next Capital In a bid to ramp up operations of fifth-generation (5G) technology in India, Pune-based spacetech startup VestaSpace Technology is planning to launch more than 35 satellites...

    • 15 hrs ago
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    Govt Seeks To Monetise Its Edtech Platform SWAYAM

    The proposal is to pay government 15% of fee collected from students University Grants Commission (UGC) has approved an internal proposal The government plans for education to be a mix of online and offline mode As edtech gains prominence in the Covid-19 world, the government now wants to monetise its online education courses under SWAYAM (Study Webs of Active-Learning for Young Aspiring Minds)....

    • 15 hrs ago
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    Ola Money Raises INR 205 Cr From Matrix Partners, Appoints New CEO

    The company is reportedly valued at INR 1,875 Cr Ola has also laid off 1,400 employees across its businesses as revenue plummets by 95% Meanwhile, Ola Electric has acquired Amsterdam-based electric scooter OEM electric Etergo BV Ola Financial Services (OFS), which is the parent company of fintech venture Ola Money, has raised INR 205 Cr funding from Matrix Partners. According to...

    • 16 hrs ago
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    Ola Electric Acquires Amsterdam's Etergo BV, Plans Global Launch Of Two-Wheeler

    Etergo's team will continue to be based out of Amsterdam as they join Ola Electric Ola said it is will launch into the premium electric two-wheeler market in India and globally Ola Electric aims to launch its global electric two-wheeler in India in 2021 Bengaluru-based cab aggregator Ola's electric mobility unit Ola Electric has acquired Amsterdam-based...

    • 16 hrs ago

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