US memory chip company Micron Technology has signed a memorandum of understanding with the Indian government to construct its first semiconductor plant in the country. Micron will invest up to $825 million (approximately Rs. 6,850 crore) in the facility, with a total investment of $2.75 billion (approximately Rs. 22,560 crore) supported by the Indian central …
Google has requested the Indian Supreme Court to dismiss antitrust directives against it regarding abuse of the Android market, sources have revealed. This move comes as Google continues its legal battle against the competition watchdog in one of its most crucial markets. In October, the Competition Commission of India (CCI) claimed that Google, whose Android …
According to the Ericsson Mobility Report, the number of 5G subscriptions in India is projected to reach approximately 10 million by the end of 2022 and account for around 57 percent of mobile subscriptions in the country by the end of 2028. This makes India the fastest-growing 5G region globally. The report attributes this growth …
At an investor conference, Walmart’s Chief Financial Officer stated that Walmart’s Flipkart marketplace and PhonePe payments business in India have the potential to become $100 billion (Rs. 8,19,750 crore) enterprises due to their strong growth. Although Walmart does not provide specific sales figures for Flipkart and PhonePe, their executives have recognized these two businesses as …
The issue of ‘dark patterns’ has received serious attention from the government, with Consumer Affairs Secretary Rohit Singh urging e-commerce firms to develop a self-regulatory framework to tackle this problem. The e-commerce industry is the primary contributor to such practices, which deliberately deceive consumers, such as automatically adding items to a shopping cart without their …
An Indian consortium representing major streaming players like Netflix, Amazon, and Disney has protested against the government’s new tobacco warning rules, claiming they are impossible to apply and will hinder content creators’ freedom of expression. According to a letter viewed by Reuters, the health ministry of India recently ordered streaming platforms to insert fixed health …
SuperGaming, a game developer based in Pune, is making waves in the gaming industry by collaborating with popular games streamer, Techno Gamerz, and localising games, including a Mumbai-based game map and playable characters, all with the promise of putting India on the global gaming map. SuperGaming is also working closely with Apple in India and …
BGMI, the popular battle royale mobile game in India, recently returned after a year-long ban. The game has now become the centerpiece of a new esports tournament hosted by Skyesports, with a prize pool of Rs. 25 lakh. The Skyesports Champions Series tournament will run from June 9 to June 18 and will be streamed …
SBI announced on Monday that it plans to increase the use of business analytics and AI/ML in its decision-making and operations through the deployment of NextGen Data Warehouse and Data Lake, as well as exploring new partnerships with fintechs and NBFCs for co-lending. The country’s largest bank, in its annual report posted on stock exchanges …
The Competition Commission of India (CCI) has launched an investigation into Google following allegations made by certain companies that the service fee charged by the US firm for in-app payments breaches an antitrust directive. According to an order seen by Reuters on Friday, Match Group, the owner of Tinder, and Indian startups have asked the …