SoftBank posts loss as Vision Fund stays in the red for fourth straight quarter

The Vision Fund's investment loss stood at 730.36 billion yen ($5.52 billion) in the latest quarter, on top of the combined loss of 7.3 trillion yen during the first nine months of 2022.

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Big Tech not doing enough to remove fake news, says activist NGO Avaaz

The companies are due to present reports this week on the measures they have taken to comply with the updated EU code of practice on disinformation.

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Panel to weigh competition law for digital companies

The move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).

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Paytm says operating level profitability ‘sustainable’

The company’s operating revenue grew 42% year on year to Rs 2,062 crore, while net losses narrowed to Rs 392.1 crore in the third quarter.

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Light-touch balanced regulatory framework best suited for growth of online gaming: report

Recently, the Ministry of Electronics and Information Technology came out with the draft rules which have provided much-needed clarity and legitimacy to the online skill gaming sector.

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Swiggy appoints Sahil Barua, Mallika Srinivasan, Shailesh Haribhakti as independent board directors

“We’re very excited about bringing on Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua to Swiggy’s board of directors,” said CEO Sriharsha Majety.

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Paytm shares climbs over 6% after firm narrows loss

Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022.

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