Amazon India's 2-day sale starts today on July 15

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Online gaming's tax troubles, and other top startup & tech stories this week

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).

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Slow tech spends hit IT staff’s wallets

Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies.

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Microsoft asks court to reject FTC request to pause Activision deal

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.

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Government to invest $13 billion more in BharatNet: Ashwini Vaishnaw

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.

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Wipro’s Q1 net profit up 12% to Rs 2,870 crore, misses estimates

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.

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China's Huawei says it earned patent revenues of $560 million last year

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.

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