Putting money on uncertain events amounts to wagering and the government’s new rules bar online real money games that declare winners based on prediction of the unknown outcome, according to Additional Solicitor General N Venkataraman. Amid attempts by certain industry players to masquerade wagering as a game of skills in the wake of the new … Read more
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the country’s deputy IT minister said he had suggested that local banks lend more to them going ahead. California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a run on the lender, which … Read more
Caller ID verification platform Truecaller on Thursday announced the opening of its first exclusive office space outside of Sweden, in Bengaluru. The office was inaugurated virtually by Union Minister of State for Skill Development and Entrepreneurship & Electronics and Information Technology, Rajeev Chandrasekhar. A press release issued by the company said the Bengaluru facility occupies … Read more
Rising prices of data and devices are a concern for the rapid proliferation of digitisation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The comments have come against the backdrop of a recent hike of about 57 percent in the minimum monthly recharge plan by the country’s second-largest telco Bharti Airtel. … Read more