Dream 11
Posted in Finance

Dream11 Challenges Rs 18,000 Crore GST Notices, Expects More Amounting to Rs 1 Lakh Crore for Gaming Companies

by SA TeamPosted on

Three points you will get to know in this article: Once again, the online gaming sector finds itself in the crosshairs, grappling with a barrage of demand notices and show-cause directives. This time, tax authorities allege non-payment of Goods and Services Tax (GST), intensifying the scrutiny on industry players. Informed sources revealed to CNBC-TV78 that the Directorate General of Goods…

Google Pay
Posted in FinanceFintech

Startups Create Task Forces to Challenge Google on Billing

by SA TeamPosted on

Three points you will get to know in this article: A coalition of Indian enterprises and emerging businesses has collaboratively formed a robust 40-member task force to confront Google, specifically targeting the Google Play Billing System (GPBS). This insightful revelation was shared by individuals privy to the matter with ET. Distinguished personalities within this task force include the visionaries behind…

Delta Corp
Posted in Finance

Delta Corp GST Notice Sparks Value Debate on Applicability of Tax

by SA TeamPosted on

Three points you will get to know in this article: The recent tax notice sent to Delta Corp, India’s leading casino operator, has sparked a renewed discussion regarding the calculation of GST payments by casino operators. The crux of the matter revolves around whether this levy should be based on the gross gaming value, which encompasses the total amount wagered…

Flipkart BigBillionDays
Posted in EcommerceFinance

Flipkart to Invest $20 Million in New In-House Credit Marketplace Startup

by SA TeamPosted on

Three points you will get to know in this article: Flipkart, the prominent e-commerce giant, is earmarking approximately $15-20 million to support the development of an in-house credit marketplace startup led by its senior executive, Prakash Sikaria. This information has been confirmed by multiple sources familiar with the situation. Prakash Sikaria, a Senior Vice President within the company, previously responsible…

Byju's Conducts Strategic Asset Evaluation to Prioritize Core Business and Generate Cash Flow
Posted in BusinessEducationFinanceTechnology

Byju’s Conducts Strategic Asset Evaluation to Prioritize Core Business and Generate Cash Flow

by SA TeamPosted on

Three points you will get to know in this article: According to persons familiar with the situation, Byju’s, India’s most valuable startup, is conducting a strategic evaluation of all assets acquired in the last few years in order to sell non-core subsidiaries and refocus its focus back to core, profitable industries. According to the sources referenced above, Byju’s plans to…

Posted in BusinessFinance

Sovereign Wealth Fund Institute Paves the Way for Startup Funding Opportunities

by SA TeamPosted on

At FORT North America 2023, we’re excited to introduce you to six dynamic startups from around the globe. Among them, two hail from India, shining a spotlight on the country’s thriving startup landscape. These innovative entrepreneurs will captivate you with their engaging five-minute elevator pitches. The Sovereign Wealth Fund Institute (SWFI) announced on Wednesday that its Family Office Round Table…

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