Indian food aggregator Zomato said on Friday its co-founder, Mohit Gupta, had resigned. The news comes days after the online food delivery platform reported narrowing of its consolidated net loss to Rs. 250.8 crore for the second quarter ended September 2022. Meanwhile, the company’s consolidated net loss stood at Rs. 434.9 crore in…
India and Zimbabwe are set to face off against each other in the final round of Super 12 matches of the ICC Men’s T20 World Cup. As it stands, Zimbabwe has been eliminated from the tournament, whereas India sits at the top of Group 2 with 6 points. However, India…
Chinese smartphone maker Xiaomi is winding down its financial services business in India, according to a recent report, citing sources familiar with the matter. The company recently pulled its Mi Pay and Mi Credit apps in India from the local Play Store and its own app store, the report from TechCrunch…
The ED on Friday said it has frozen fresh deposits worth Rs. 78 crore following raids at the premises of payment gateway Razorpay and some banks as part of an ongoing money laundering probe against the alleged illegal operations of loan apps “controlled” by Chinese nationals. The searches were carried…
India, where rules and regulations around the crypto sector are still under drafting, is witnessing a big boom. Around 11 percent of the world’s total Web3 talent resides in India, the nation’s primary non-government tech trade body Nasscom said in a recent report. Titled ‘The India Web3 Startup Landscape, An…
With an objective to ensure connectivity to every corner of the country, the government has approved setting up of 25,000 new towers in the next 500 days with an investment of Rs. 26,000 crore, Union Minister for Communications, Electronics and Information Technology and Railways Ashwini Vaishnaw has said. Vaishnaw made…
Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car. The move comes amid a growing road-safety push in India, the world’s…
India recently secured the fourth position on the 2022 Global Crypto Adoption Index compiled by blockchain research firm Chainalysis. These ranks numbered all the countries based on their varied uses of different crypto-services and India outranked US and Russia on the scale that testified to the growing adoption of crypto…
Near Foundation is looking to play its part in uplifting the promising Web3 projects in India. The Switzerland-based non-profit organisation that governs the Near Protocol announced the launch of a regional hub in India, dedicated to find and support talent in blockchain technology, which makes for the backbone of the…
The Enforcement Directorate (ED) raided the promoters of a Kolkata-based mobile gaming app company on Saturday. According to the government agency, the officials have recovered cash over Rs. 7 crore during the raid, which was a part of a money-laundering investigation. The gaming app titled E-Nuggets and its promoter, identified…
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