India’s Position on Crypto Said to Be Vindicated Amid Market Downturn

India’s conservative position on not encouraging cryptocurrency is being rapidly vindicated by the negative experiences of various crypto funds with the latest being Singapore’s Three Arrows crypto fund. Experts say that India correctly predicted the adverse economic headwinds and perhaps saved a lot of people from economic ruin. Last week, Singapore-based crypto hedge fund, Three […]

Twitter Ordered to Censor Tweets Critical of India’s Censorship: Report

Twitter was allegedly ordered by the Indian government in 2021 to block 2020 tweets by Freedom House in India that reported the declining Internet freedom in the country. The social media company is said to have only enforced the order on Sunday. It also blocked some tweets and/ or handles of various other users who […]

India’s GSAT-24 Satellite Launched, Entire Capacity Leased to Tata Play

NewSpace India Limited (NSIL) launched GSAT-24 in its first “demand-driven” communication satellite mission post space sector reforms, leasing the entire capacity on board to Direct-to-Home (DTH) service provider Tata Play. Built by the Indian Space Research Organisation for NSIL, the satellite was successfully placed into geostationary orbit by the Ariane 5 rocket, operated by French […]

Telangana to Get India’s First Generation 6 AMOLED Display Fab Facility

Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country’s first display fab facility in Telangana with investments worth Rs. 24,000 crore. Telangana IT Minister K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta announced setting up of Generation 6 AMOLED Display FAB, an official release said here […]

India’s Data Centre Capacity to Double by 2025: Report

The data centre capacity is set to double by FY25 to 1,700 – 1,800 MW from 870 MW now with an investment of a whopping Rs. 40,000 crore on the back of rising data uptake, digitalisation and localisation, coupled with the launch of 5G services by the end of this fiscal, a report said on Wednesday. The […]

Crypto Tax FAQs to be Published Before July 1: India’s Tax Board Chief

The Central Board of Direct Taxes (CBDT) is gearing-up to release a list of frequently asked questions (FAQs) around the crypto tax system introduced this year in India. As per Sangeeta Singh, the chairperson of CBDT, these FAQs will be released around July 1, that is twenty-two days away at the time of writing. Singh […]

India’s Smart TV Shipments Up 33 Percent in Q1 2022; Xiaomi Leads: Report

India’s smart TV shipments are up 33 percent YoY in Q1 2022 with Xiaomi leading the market, according to Counterpoint Research. Xiaomi has 14.3 percent of the market share while Samsung has 13.1 percent share, thus taking the second position. LG, OnePlus, and Sony are in the third, fourth, and fifth positions respectively. The Rs. […]

India’s E-Commerce Platform ONDC Provides Alternative to Giants like Amazon

The government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. Here is a description of the different moving parts of ONDC. What is ONDC? ONDC is a non-profit company whose network will enable the display of products and […]

India’s Attero Recycling to Spend $1 Billion by 2027

India’s largest electronics recycling firm Attero Recycling will spend $1 billion (roughly Rs. 7,765 crore) in the next five years and add plants in Poland, Ohio and Indonesia starting this year, its CEO told Reuters, aiming to tap into a global boom for electric vehicles. The World Bank-backed company, whose clients include Samsung Electronics and […]

Google Said to Support India’s ShareChat in Raising $300 Million Funding

The parent company of India’s ShareChat has raised nearly $300 million (roughly Rs. 2,325 crore) in fresh funding from Alphabet’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion (roughly Rs. 38,763 crore), two sources involved in the deal discussions told Reuters. A deal is set […]

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