from Tech-Economic Times https://ift.tt/T8RIyNB
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).from Tech-Economic Times https://ift.tt/FldgX1q
Slow tech spends hit IT staff’s wallets
Deferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies.from Tech-Economic Times https://ift.tt/35OkvZC
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.from Tech-Economic Times https://ift.tt/6bexfHG
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.from Tech-Economic Times https://ift.tt/hPnRATI
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.from Tech-Economic Times https://ift.tt/DaBiyU5
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.from Tech-Economic Times https://ift.tt/G97V6Ki
Subscribe to:
Posts (Atom)