Tag: india
India’s Zetwerk raises $120 million to scale its B2B marketplace for manufacturing parts
When you want to buy a refrigerator or a television, you can walk to the nearby electronics store or visit an e-commerce website like Amazon. But where do you go when you’re looking for parts of a crane, a door or chassis of different machines? For several businesses globally, the…
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Twitter restricts over a dozen high-profile accounts in India following ‘legal demand’
Twitter blocked access to over a dozen high-profile individuals in India on Monday to comply with a “legal request”, prompting confusion and anger among users who are seeking an explanation for this action. Among those whose accounts have been restricted in India include Caravan, a news outlet that conducts investigative…
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India proposes social security benefits for gig workers in annual budget
India’s Finance Minister Nirmala Sitharaman proposed a handful of benefits for the startup ecosystem and to accelerate the growth of digital services in the annual budget Monday as the South Asian nation looks to revive the economy that plunged into deepest recorded slump amid the coronavirus pandemic. Sitharaman said the…
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India plans to introduce law to ban Bitcoin, other private cryptocurrencies
India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget session of parliament. In the agenda (PDF) published on the lower house website, the legislation seeks to “prohibit…
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Apple just had its best quarter in India
When Apple reports its earnings on Wednesday, you can expect mentions of India on the call. Apple shipped more than 1.5 million iPhone units in India in the quarter that ended in December, up 100% year-on-year, making this its best quarter in the world’s largest smartphone market to date, according…
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Forget winning, can Amazon survive in India?
During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in the country. Amazon’s announcement underscored how far India had come to open up to foreign firms.…
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