☕ Dream11 Vs CSK Revenue; Amazon's legal expense..and more.
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Grab ☕ and read on, the curated newsletter that brings you all the important news and insights.
#Insightsoftheday
Box’s Aaron Levie on How to estimate (and Grow) a Market
Never value a market by the size of legacy solutions or approach. If you do, you will wildly underestimate the potential opportunity [Read]
#CuratedNews
Govt’s plan for tighter e-commerce rules faces internal dissent
India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as “Excessive” and “Without economic rationale”.
Industry bodies urge Karnataka to reconsider gambling ban
Less than a week after the Karnataka government tabled a bill to ban online gambling in the state, two industry bodies have opposed the move.
#QOTD
A microchip implant that lets you control your sleep cycle might soon be a reality
A microchip implant is being developed by researchers that would allow humans to control the sleep cycle and treat sleeplessness.
Zoomcar expands operations to Indonesia, Vietnam
Zoomcar, a car-sharing marketplace, on Tuesday announced the launch of its operations in Indonesia and Vietnam.
Indian rooftop solar up 517% on last year despite rising costs
India added 521MW of rooftop solar in Q2 2021, an increase of 517% compared to the 85MW added in the same quarter last year despite a slight increase in costs, according to a Mercom India report.
India could surpass the UK as the world’s 5th largest stock market by 2024, Goldman says
“We estimate nearly US$400bn of market cap could be added from new IPOs over the next 2-3 years,” Goldman analysts wrote. The number of so-called unicorns – start-ups valued at over $1 billion – surged in India in recent years.
Not 8456 Cr, But Paid Just Rs 52 Crore in Legal Fees In FY 2020, Says Amazon
Amazon which has been embroiled in multiple court cases in India claims to have paid just Rs 52 crore during the financial year ending March 2020 in legal fees contrary to multiple media reports published earlier during the day.
Australian buy-now-pay-later Zip enters India with $50 mn investment
Australian buy-now-pay-later firm Zip Co Ltd said on Wednesday it had agreed to invest $50 million to acquire a minority interest in Indian peer, ZestMoney, as part of its global expansion plans.
Govt eases rules for getting SIM at your doorstep.
Telecom Service Providers will be charged Rs. 1/- per customer authentication by the UIDAI. This is a complete paperless and digital process wherein the demographic details along with picture of the customer is received online by the Telecom Service Providers from the UIDAI. Self-KYC.
Mumbai to get 1,900 fully electric buses to add to its EV public transport fleet
Mumbai’s BEST public transport service has ordered purchase of 1,900 fully electric buses to add to its fleet in an attempt to phase out its old buses which are running on fossil fuel.
Dream11 earns almost five times Dhoni’s Chennai Super Kings
Chennai Super Kings has won three IPL trophies in the last 13 years, and has been a first runner-up five times.
NASA is building an electric spacecraft to reach the asteroid belt between Mars and Jupiter
A year from now, NASA will launch an electric spacecraft named Psyche to reach the asteroid belt between Mars and Jupiter.
Mark Zuckerberg personally approved a project that pushed pro-Facebook stories into the news feeds of the platform’s users
Facebook CEO Mark Zuckerberg personally approved an internal effort to push positive stories about the besieged company via users’ News Feeds, The New York Times reported Tuesday.