Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soon

Layoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and more in today’s ETtech Morning Dispatch.

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Threshold for TDS levy on net winning from online gaming at Rs 100: CBDT

Net winnings of an online gamer would be calculated after subtracting the total deposits and opening balance in the user account from the amount withdrawn.

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PhonePe raises additional $100 million from General Atlantic

Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising.

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Regulators dust off rule books to tackle generative AI like ChatGPT

As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate.

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TCS receives Rs 15,000 crore advance order from BSNL

The TCS-led consortium that will deploy this order includes the Centre for Development of Telematics (C-DoT) and Tejas Networks.

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Australia to regulate buy-now-pay-later sector

The Australian government said on Monday it would introduce laws that will consider buy-now-pay-later (BNPL) services as a credit product in a bid to protect consumers in a largely unregulated industry.

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GSTN to go live on Account Aggregator ecosystem before July 1

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country’s ambitious financial data sharing network -- Account Aggregator—before July 1, according to top officials overseeing the process.

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