India orders antitrust probe into Google’s app store practices

India’s antitrust regulator has ordered an investigation into Alphabet’s Google, alleging the U.S. tech giant abused its dominant position in the country’s online market by imposing unfair terms and discriminatory…

Continue ReadingIndia orders antitrust probe into Google’s app store practices

India’s Paytm secures third-party app license ahead of bank unit curb

The National Payments Corporation of India, the firm that built the eponymous UPI payments rail in the country, approved Paytm’s application to participate in the payments ecosystem as a third-party…

Continue ReadingIndia’s Paytm secures third-party app license ahead of bank unit curb

Paramount Global to sell stake in India’s Viacom18 to Reliance for over $500M

Paramount Global has reached a binding agreement to sell its stake in Indian media house Viacom18 to conglomerate Reliance for $517.4 million, the most valuable Indian firm disclosed to the…

Continue ReadingParamount Global to sell stake in India’s Viacom18 to Reliance for over $500M

Ontario Teachers mints new unicorn in Indian fintech Perfios

Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions…

Continue ReadingOntario Teachers mints new unicorn in Indian fintech Perfios