Online gaming companies say only illegal platforms will gain from 28% GST

The government's decision to impose a 28% GST on the full face value of online gaming could result in users migrating to illegal gambling and betting platforms, industry executives said.

from Tech-Economic Times https://ift.tt/Mr8CLEg

Premium products power online sales as mass-market hit by slowdown; ISRO grey cells fuel spacetech startups

Ecommerce sales — excluding smartphones — have surged 24% in Q2. Industry insiders and research firms indicate that the growth in smartphones is driven by premium devices. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/sSptfKn

Data Bill may give govt power to lower the age of consent

Lowering the age for consent under the proposed law was one of the biggest demands of Internet companies like Facebook and Google, as that has a significant impact on their business operations in the country.

from Tech-Economic Times https://ift.tt/rawc3nP

Foxconn Vedanta pull the plug on semiconductor JV

Union Ministers Ashiwini Vaishnaw and Rajeev Chandrasekhar say the move won’t impact India’s chip mission.

from Tech-Economic Times https://ift.tt/4xJyNg6

Isros talent base propels budding spacetech startups

Spacetech startups are increasingly relying on the ISRO for hiring grey-haired talent, both on full-time and consultant roles, given the experience and contextual understanding that the deeptech category requires.

from Tech-Economic Times https://ift.tt/fh5dVGC

Infosys BPM saw slowest growth in 6 years as revenue drops from top clients in FY23

Revenue at $934 million for the year ended March 31 grew at 4.2% from the year before. Operating margin of 17% was the narrowest in at least a decade.

from Tech-Economic Times https://ift.tt/DTEo6yn

Roposo Shopify to help set up online stores

Roposo offers livestream shopping along with entertainment on its platform. It is a business unit of Glance, a subsidiary of InMobi.

from Tech-Economic Times https://ift.tt/jmEKzZO