Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says

Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10…

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Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

Paytm said Thursday that it will cease working with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank…

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India’s central bank slaps Paytm Payments Bank with new curbs

The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from accepting deposits, credit transactions, top-ups in customer…

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India’s Uber-rival BluSmart pumps up EV charging with $25M investment

BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery charging infrastructure as the South Asian nation…

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Indian state government fixes website bugs that exposed residents’ sensitive documents and personal information

An Indian state government has fixed security issues impacting its website that exposed the sensitive documents and personal information of millions of residents. The bugs existed on the Rajasthan government…

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Meesho GMV tops $5B; app grows faster than Flipkart, Amazon India

India’s Meesho is rapidly gaining user traction, challenging entrenched leaders Flipkart and Amazon. The Bengaluru-headquartered startup, which operates a social commerce platform, is currently at a GMV of over $5 billion…

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