What's New?

Friday, 8 October 2021

Mobikwik gets Sebi approval for Rs 1,900 crore IPO

The digital payments startup is looking to launch its IPO before Diwali.

from Tech-Economic Times https://ift.tt/3iIl39w

Oyo eyes a $26 billion opportunity in India by 2030, Bernstein says

Oyo sees a $26 billion opportunity in India by 2030 as it considers India its main growth area, which contributes over 90% to its revenues, Bernstein says.

from Tech-Economic Times https://ift.tt/3AmsFVk

Chinese central bank boss vows to further fintech crackdown

Authorities have for about a year targeted a range of homegrown tech behemoths, including e-commerce titan Alibaba and food delivery giant Meituan, for alleged monopolistic practices and aggressive harvesting of consumer data.

from Tech-Economic Times https://ift.tt/3iKiST0

Thursday, 7 October 2021

Dutch watchdog finds Apple app store payment rules anti-competitive

Apple's app-store payment policies, in particular its requirement that app developers exclusively use its payment system where commissions range between 15% and 30%, have long drawn complaints from developers.

from Tech-Economic Times https://ift.tt/3DlKOUV

Rising chip prices fuel Samsung's best quarterly profit in three years

Samsung Electronics estimated its July-September profit at 15.8 trillion won ($13.3 billion), below a Refinitiv SmartEstimate of 16.1 trillion won. It is the highest quarterly profit since the third quarter of 2018.

from Tech-Economic Times https://ift.tt/2WRZKdU

Crypto exchange Binance says Ireland is part of its regional HQ plans

“It's very clear now that to run a centralised exchange, you need a centralised, legal entity structure behind it,” Binance CEO Changpeng Zhao says amid intensifying regulatory scrutiny for the world’s largest crypto exchange.

from Tech-Economic Times https://ift.tt/2YsMeOT

Elon Musk says Tesla moving headquarters to Austin, Texas

“I'm excited to announce that we're moving our headquarters to Austin, Texas,” CEO Elon Musk says at the Tesla AGM. “Just to be clear, though, we will be continuing to expand our activities in California.”

from Tech-Economic Times https://ift.tt/3iHs9ew