When a user wants to play a game like a fantasy sports competition or card games like rummy or poker, where they stand to win real money based on the outcome, they first deposit a contest entry amount (CEA). From this, prior to creating a pool that will be passed on to the winner, the platform deducts its fee — typically between 8-15%. This is called the gross gaming revenue (GGR).
Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies.
Microsoft said on Friday FTC had been slow to file in federal court, and thus it was inappropriate to press for a delay so late in the game.
The government has so far invested about $8.5 billion in the rural internet connectivity scheme that aims to provide fast broadband internet connectivity to all the six lakh villages in the country.
India’s fourth-largest software company expects revenue in the ongoing fiscal quarter to be between a sequential fall of 2% and a growth of 1% in constant currency, or without forex fluctuations.
Huawei earned more than it paid out in royalties over the last two years as the decline in handset sales meant it needed to pay less to other IP holders.
India’s Unified Payments Interface (UPI) will be adopted by France, according to the announcement made by Indian Prime Minister during his visit to France. UPI will enable Indian tourists to pay in rupees at the Eiffel Tower. The National Payments Corporation Of India (NPCI) is in talks with other countries, including the USA, Europe, and West Asia, to extend UPI services.