Online money gaming companies in India may have to pay about ₹45,000 crore ($6 billion) in additional taxes as they may have paid only 18% on gross gaming revenue, being games of skill, instead of the 28% prescribed in law since the rollout of the GST in 2017. According to officials from the Directorate General of GST Intelligence (DGGI), the gaming industry paid ₹45,000 crore less tax and could owe about ₹50,000 crore.
Candidates are also increasingly choosy about startups they join, asking founders questions about cash runway and growth projections of the companies for quarters ahead.
Latin America's recent progress on technological inclusion has created new opportunities for scams, experts say, with the pandemic fueling a trend toward mobile banking and shopping.
Indian sports stars are increasingly investing in mid-sized and emerging startups, according to reports citing former captain of the Indian cricket team, Virat Kohli. The endorsements have proven beneficial for brands and provided startups with a platform, especially during funding slowdowns driven by traditional sources such as venture capital.
Dunzo’s efforts come at a time when it has simultaneously been looking to arrange new capital from both existing and new investors. In June, JioMart, the biggest customer of Dunzo’s B2B arm Dunzo Merchant Services (DMS), cut the prices it paid for last-mile deliveries made by bikes.
India banned TikTok and nearly 300 other Chinese apps in phases, starting from June 2020, over national security concerns.
According to a PwC report titled 'Towards a smarter tomorrow: Impact of AI in the post-COVID era' the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years.