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INDIA

December 13th, 2018 The Delhi high court has reportedly announced a ban on sale of online medicines by e-pharmacists across the country and directed the Centre and the AAP government to immediately implement the order.A bench of Chief Justice Rajendra Menon and Justice V K Rao passed the order. Delhi-based dermatologist Zaheer Ahmed...
INDIA

December 10th, 2018 Thee-commerce major Amazon has reportedly launched its socialcommerce platform Spark in India after about a month of betatesting.  Spark is part of the Amazon.in site and is a place to discover things from people who share yourinterests. In Spark, you will first be prompted to select a few interests.  This...
INDIA

December 7th, 2018 India government in a first its kind of move will setup certain guidelines for Online travel aggregators like Air B&B, Makemytrip, Yatra and Oyo to be recognised by the Tourism Ministry in order to operate, a senior official said. For the first time, the ministry has prepared a set of guidelines by which it will approve and...
INDIA

December 3rd, 2018 The Indian government and the Reserve Bank of India (RBI) are in talks to allow use of 'offline Aadhaar' that relies on QR codes. This would replace the biometric eKYC, for opening bank accounts, operating payment wallets and purchasing insurance covers. This particular move is significant as it will also benefit financial technology...
INDIA

December 1st, 2018 Software and technology firm SAP is reportedly establishing a large new campus in Bengaluru near the international airport. This will significantly increase its R&D (research & development) presence in the city. The company’s executive board member Bernd Leukert, who is in charge of products & innovation, and who was...
INDIA

November 24th, 2018 India is expected to see more than a million cloud computing job roles by 2022 as more organisations are shifting their operations to the cloud infrastructure. As the Indian cloud computing market, currently at $2.2 billion, is expected to grow to $4 billion by 2020 with an annual growth rate of more than 30%; IDC estimated more...
INDIA

November 23rd, 2018 A joint study by Omidyar Network and Boston Consulting Group (BCG) has reported that digital lending to micro, small and medium enterprises (MSME) in India can grow upto 7 lakh crore by 2023, a 15x increase in annual disbursements. “As of 2018, most of the credit demand for $600 billion is being met through informal sources,”...
INDIA

November 22nd, 2018 Japan’s investment major Softbank investment Advisers, which invests through the SoftBank Vision Fund, is looking forward to deepening its play in India’s technology ecosystem, and thus, the company has announced plans to open an office in Mumbai in India. For this purpose, the company has even roped in Sumer Juneja to lead the...
INDIA

November 19th, 2018 The India head of CapitalG, Kaushik Anand is reportedly is quitting from the growth-stage fund. CapitalG is one of the largest investments units across the globe that is owned by Google’s parent Alphabet. With his departure, Anand is slated to join A91 Partners, an investment firm set up by three ex-Sequoia managing directors. He...
INDIA

November 13th, 2018 International payment companies like Visa, Mastercard and American Express now may have to pay around 15% tax on their India income. This may happen as they set up servers locally to comply with a central bank directive on data storage. The Reserve Bank of India had ordered payments companies to locally store data on all...
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