Musk will be an unusual addition to the Twitter board. He isn’t an expert in advertising, which is how Twitter makes money, and he has a habit of tangling with regulators, who are a constant concern for any large social media platform.
The latest funding takes the total investment into Tata Digital to Rs 11,872 crore in 2021-22, helping it achieve a war chest to take on established ecommerce rivals Amazon and Walmart-owned Flipkart in the country.
In response to the widespread concern over sharing of citizen data and its subsequent monetisation by government agencies, the Centre has now revised the proposed legislation that will now be termed as National Data Governance Framework and Policy
The US-based company’s decision to allow clients to use the Unified Payments Interface (UPI) – a key digital payments railroad – to make rupee deposits for buying cryptocurrencies in India is under regulatory scrutiny, said sources directly briefed on the matter.
A “free speech absolutist”, Musk has long had a love-hate relationship with the platform. He has accused it of caving to censorship, while also tweeting more than nine times a day on average in 2021.
Elevation Capital, which invested in around 30 Indian startups last year alone, has closed its latest India-dedicated fund at $670 million.
All exchanges in India have seen a drop of at least 50% in the last few days compared to the trading volumes last year. This also comes at a time when exchanges are grappling with how exactly to compute the 1% tax deducted at source on each transaction.