India | Pixr8 News

1Mar By AnkitaNo Comments

INDIA

Indian Fintech Companies Raises $2.7 billion in 2020

Mumbai, Feb 27th, 2020: Despite the pandemic-induced disruptions, venture capital funds pumped USD 2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at USD 3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at USD 397.9 million from angel funds, Noida-based Pine Labs attracted USD 300 million from private equity players, and Razorpay received USD 100 million from GIC of Singapore, Sequoia and others, making it a unicorn. As against this, global fintech investments stood at a whopping USD 105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India. Despite pandemic challenges,...

8Feb By AdityaNo Comments

INDIA

How Does the Casino Industry in India Compare to Other Places on the Planet?

Gambling is becoming one of the fastest growing industries on the planet. It seems that every year more countries are climbing on board in legalizing the activity. This has resulted either out of a desire to curb illegal activity or to provide additional sources of revenue for the government. In some instances, it is a mixture of both. India has slowly warmed to the idea of gambling. While not legal across the entire country, there are regions within the nation where it is legal to gamble, either at a land-based facility or online. But how does that compare to other countries across the world? Online Growing Rapidly Like most countries who offer licenses for online casinos, India is seeing a rapid increase in the number of players signing up and playing at these sites. The acc...

19Jan By AdityaNo Comments

INDIA

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 a...

5Jan By NitishNo Comments

INDIA

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. ...

Harley Davidson & Hero MotoCorp collaborate for Indian Market

28Oct By AnkitaNo Comments

Automobile

Harley Davidson & Hero MotoCorp collaborate for Indian Market

NEW DELHI, India, Oct. 28, 2020 -- After closing its services in India Harley-Davidson tie-up with Hero MotoCorp, the world’s largest maker of motorcycles and scooters in terms of unit volumes for selling its bikes in India. Per a distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles and sell Parts & Accessories and General Merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero MotorCorp’s existing dealership network in India. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name. These actions are aligned with Harley-Davidson’s business overhaul, The Rewire, and the company’s announcement in Se...

21Oct By AdityaNo Comments

INDIA

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 smartph...

Pakistan unblock TikTok after it vows to moderate content

19Oct By PriyankaNo Comments

News

Pakistan unblock TikTok after it vows to moderate content

ISLAMABAD, Oct 19, 2020: The Pakistan Telecommunication Authority decided to unblock the video-sharing app TikTok after receiving assurance from Tiktok management to remove the vulgar content. The spokesperson of PTA said the TikTok management has assured the authority that it will block all accounts repeatedly involved in spreading obscenity and immorality and moderate content in accordance with local laws. The authority has not announced whether the app will be unblocked immediately. The authority had said at the time of the ban that the decision was made after it received complaints ‘against immoral/indecent content’ on the app. The PTA said it had issued a final notice to the app and gave considerable time to respond and develop and an effective mechanism for ‘proactive modera...

12Oct By AnkitaNo Comments

INDIA

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 t...

1Oct By Press Trust of IndiaNo Comments

INDIA

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 Equ...

Reliance offer 40% stake in Reliance Retail to Amazon for $20 bn

10Sep By AdityaNo Comments

News

Reliance offer 40% stake in Reliance Retail to Amazon for $20 bn

Mumbai, Sept. 10th, 2020: Reliance offered a 40 percent stake in its retail arm worth about USD 20 billion to Amazon. As per the sources "Amazon has held discussions about investing in the conglomerate's Reliance Retail Ventures Ltd unit and has expressed interest in negotiating a potential transaction."The deal size at USD 20 billion would be the biggest ever in India. Both Reliance and Amazon refused to comment on the report. "We would like to reiterate that as a policy, we do not comment on media speculation and rumors and we cannot confirm or deny any transaction which may or may not be in the works," Reliance said in an email response. A similar response was also sent to stock exchanges. "Our company evaluates various opportunities on an ongoing basis," it said. "We have m...

PUBG Corporation Cuts Ties With Tencent After India ban

8Sep By NitishNo Comments

News

PUBG Corporation Cuts Ties With Tencent After India ban

New Delhi, 8th Sept 2020: After a recent move by the Indian government to ban 118 Chinese apps including the popular mobile game PUBG forced Korean company PUBG Corporation to cut ties with Chinese company Tencent for India's operation. In its press release, PUBG Corporation said, "it has made the decision to no longer authorize the PUBG MOBILE franchise to Tencent Games in India. Moving forward, PUBG Corporation will take on all publishing responsibilities within the country. As the company explores ways to provide its own PUBG experience for India in the near future, it is committed to doing so by sustaining a localized and healthy gameplay environment for its fans.We are actively monitoring the situation around the recent bans of PUBG MOBILE and PUBG MOBILE Lite in India and fully un...

2Sep By AdityaNo Comments

INDIA

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 severa...