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Paypal to shut down its India Operations
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Paypal to shut down its India Operations

New Delhi, Feb 5, 2021: Digital payment solution provider Paypal will stop offering domestic payment services within India from April 1. The US-based company will instead focus on enabling more international sales for Indian businesses. 'We will continue to invest in product development that enables Indian businesses to reach nearly 350 million PayPal consumers worldwide, increase their sales internationally, and help the Indian economy return to growth, a PayPal spokesperson said. The company noted that it had processed USD 1.4 billion worth of international sales for over 3.6 lakh merchants in India last year. PayPal can have the greatest positive impact in India's economic recovery by pivoting its business to support customers where they need the company most, the spokesper...
How To Become A Successful Lottery Agent In India
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How To Become A Successful Lottery Agent In India

The lottery is one of the most popular gambling games, mostly played by common people worldwide. Well, for a population as huge as India, inculcating a culture of playing the lottery would be an extravagant affair. Read on to stay ahead of the curve and claim your title as the biggest international lottery agent in India! The Mindset Before starting any business at all, you need to have the appropriate mindset of an entrepreneur. Perhaps the business world is a lot like the lottery itself - for every winner, there are hundreds of losers who let their dreams go when the going gets tough. You need to realize that you’ll probably have to invest a lot in your business - and not just your money! So keep at it and trust your plan! The Licensing Roadblocks Since the lottery is ...
Are there Genuine Lottery Websites in India?
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Are there Genuine Lottery Websites in India?

Winning a jackpot is what everybody must have dreamt of at least once in their lifetimes. Every day, millions of lottery tickets are sold around the world, and each one who buys them dreams of hitting the jackpot. Some lotteries like the Mega Millions, Powerball, and El Gordo offer potentially huge jackpots, running into millions, and in some cases, billions of dollars. While lottery tickets were traditionally sold in brick and mortar stores, nowadays they are even available online. People can buy tickets for their favorite lotteries online, from the comfort of their homes. Online lottery India is a real thing, and now, Indians too can participate in international lotteries and have a shot at winning the jackpot, thanks to genuine websites like LottoLand, lotto.in and LottoSmile. ...
Indian eCommerce platforms reported USD 8.3 bn GMV during festive Sales
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Indian eCommerce platforms reported USD 8.3 bn GMV during festive Sales

New Delhi, 28th Nov 2020: India's e-commerce festive sale season from October 15-November 15 this year delivered USD 8.3 billion (about Rs 58,000 crore) worth of gross sales for brands and sellers, up 65 percent from USD 5 billion (Rs 35,000 crore) last year, research firm RedSeer said on Friday. This was also higher than the pre-festive forecast of USD 7 billion, RedSeer said in its report titled 'The Festival of Firsts'. About USD 3.2 billion (Rs 22,000 crore) worth of gross sales was registered in September this year, which zoomed to USD 8.3 billion in the festive period, the report said. Of the USD 8.3 billion, USD 4.2 billion (Rs 29,000 crore) was logged in the first event, USD 1.2 billion (Rs 8,700 crore) in the second event and USD 1.4 billion (Rs 9,700 crore) and USD 1.5...
A look at India’s Growing Online Gambling Sector: Growth Drivers and Market Profile
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A look at India’s Growing Online Gambling Sector: Growth Drivers and Market Profile

India’s online gambling market has been growing at a rate of 20% per year, and according to estimates, the total market could be worth more than a billion dollars by 2021. The legal landscape in India allows for international casinos to offer their services to India. Many European casinos have been slowly entering the lucrative emerging market already. In this post, we take a look at the critical growth drivers when it comes to the online gambling market in India. Key Growth Drivers India has a young population, with around half of the population being younger than 25 years old. Along with having a higher risk tolerance, most of the population is in their prime working years with disposable income.Internet penetration has improved massively as both internet data and smartp...
Digital Transaction in India Grows 55% in 5 years to FY20
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Digital Transaction in India Grows 55% in 5 years to FY20

Concerted efforts by the Indian Reserve Bank to move to a non/less-cash economy by pushing digital payments have begun to pay rich dividends as the volume of such payments has jumped manifold in the past five years, the latest data from the Indian central bank showed. Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 percent from 593.61 crores in the year to March 2016 to 3,434.56 crore in the year to March 2020. In absolute terms, value has grown from Rs 920.38 lakh crore to Rs 1,623.05 lakh crore during this period, clipping at an annual compounded rate of 15.2 percent. Giving year-wise data, in 2016-17 digital payments jumped to 969.12 crores from 593.61 crores in the previous year in volume terms, while in value the same rose ...
Indian startups raise USD 63 bn since 2016, generate 27 unicorns
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Indian startups raise USD 63 bn since 2016, generate 27 unicorns

New Delhi, 1st Oct 2020: The startup's ecosystem has raised as much as USD 63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns, according to the data collated by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance. According to them, this makes India the third-largest tech startup ecosystem in the world. Of the total inflows, nearly half came in 2019 alone USD 34 billion, and USD 17 billion in 2020 till May. The time period also created as many as 27 unicorns in the country. Unicorns are those with USD 1 billion or more valuation. Tech-enabled players continue to drive investors' interest and have dominated the early-stage funding landscape here. According to Rajat Tandon, the president of the Indian Private Eq...
Indian Govt bans 118 more Chinese Apps, including PUBG
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Indian Govt bans 118 more Chinese Apps, including PUBG

New Delhi, Sept 2 2020: The Indian government blocked 118 more mobile applications, including popular gaming app PUBG, terming them prejudicial to the sovereignty, integrity and defence of the nation. The banned apps include Baidu, Baidu Express Edition, Tencent Watchlist, FaceU, WeChat Reading and Tencent Weiyun, besides PUBG Mobile and PUBG Mobile Lite, according to an official statement. All these banned apps have Chinese links, sources said. The Centre had earlier banned a number of Chinese apps, including TikTok and UC Browser. "Government blocks 118 mobile apps which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order," it said. It said the IT Ministry had received complaints from various sources, including sever...
Amazon India launches Online Pharmacy in Bengaluru
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Amazon India launches Online Pharmacy in Bengaluru

Bengaluru, 14th July 2020: Amazon India has launched Amazon Pharmacy, marking its entry into the online medicine segment that has significant traction amid the COVID-19 pandemic. The service is being launched in Bengaluru initially and may be scaled up to other cities in the future. "As part of our commitment to fulfil the needs of customers, we are launching Amazon Pharmacy in Bengaluru allowing customers to order prescription-based medication, in addition to over-the-counter medicines, basic health devices and Ayurveda medication from certified sellers," an Amazon spokesperson said. This is particularly relevant in present times as it will help customers meet their essential needs while staying safe at home, the spokesperson said. E-pharmacies need to register with the Centr...
Patanjali Considering bidding for IPL Title Sponsorship
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Patanjali Considering bidding for IPL Title Sponsorship

New Delhi, Aug 10, 2020: Baba Ramdev's Patanjali Ayurved is considering to bid for the title sponsorship of the upcoming Indian Premier League (IPL), according to a company official. The slot of the title sponsorship of IPL was vacated after the Chinese handset maker Vivo decided to exit from it. The move would help the Haridwar-based firm access a global marketing platform, as Patanjali is focusing on exports for its Ayurveda-based FMCG products. Confirming the development, Patanjali spokesperson S K Tijarawala said, "We are considering this for Vocal For Local and making one Indian brand as global, this is the right platform. We are considering into that perspective," he said. However, Tijarawala also added that the company is yet to take a final call on the issue. "We ha...
Work from home Job Search rise over 400% in India
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Work from home Job Search rise over 400% in India

Amid the COVID-19 pandemic, many jobs have rapidly become work-from-home jobs at least temporarily and with the flexibility and a variety of career options, it has become more popular than ever, global job site Indeed said in a report. The job postings grew in sectors such as software technology, healthcare and marketing, while opportunities for delivery person and IT manager saw a steady rise, it said. The report is based upon data from the Indeed platform from February to July. Employers are beginning to notice the benefits of increased production and morale, leading to more opportunities for work-from-home and remote jobs, it noted. According to the data, job searches for work from home in India have surged over 442 percent between February and July, the highest globally. ...
Apple starts iPhone 11 manufacturing in India
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Apple starts iPhone 11 manufacturing in India

New Delhi, Jul 24, 2020: Apple has started its latest iPhone 11 manufacturing at Foxconn's facility in Tamil Nadu, according to official sources. This is the fifth model of iPhone which Apple has started manufacturing in the country. '2020 - iPhone 11, 2019 - iPhone 7 & XR, 2018 - iPhone 6S, 2017 - iPhone SE. This chronology is a statement in itself as to how narendramodi govt. has developed the mobile phone manufacturing ecosystem in India. It's only a humble beginning,' Indian Telecom and IT minister Ravi Shankar Prasad said in a tweet. An Electronics and IT Ministry official said 'Apple's latest iPhone is now getting manufactured from India'. According to industry sources aware of the development said that Foxconn has been assembling iPhone 11 at the Sriperumbudur facil...