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Indian food delivery giant Swiggy to cut 380 jobs
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Indian food delivery giant Swiggy to cut 380 jobs

Swiggy plans to lay off 380 jobs and shut down its meat marketplace as the Prosus Venture and SoftBank-backed Indian food delivery giant looks to navigate the market downturn that has forced firms to become leaner and more disciplined. In an email to employees on Friday, Swiggy co-founder and chief executive Sriharsha Majety said the...

Gogoro, Belrise JV to spend $2.5B on battery swapping network in Indian state
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Gogoro, Belrise JV to spend $2.5B on battery swapping network in Indian state

Gogoro, the Taiwanese paladin for two-wheeler battery swapping, is working with the Indian state of Maharashtra to establish state-wide battery charging and swapping infrastructure. The initiative will be driven by a “50-50” partnership between Gogoro and Belrise Industries, an automotive systems manufacturer based in India, that will form an infrastructure company to own the batteries...

Indian edtech giant Byju’s changes sales strategy in key revamp
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Indian edtech giant Byju’s changes sales strategy in key revamp

Byju’s has made a key change in its sales strategy, moving away from a business practice that attracted the edtech giant criticism over the years. The Bengaluru-headquartered startup, India’s most valuable, said on Monday its sales people no longer visit potential student’s houses to pitch to their parents. Instead, the entire sales workforce now works...

Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’ – Regulation Bitcoin News
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Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’ – Regulation Bitcoin News

India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization of the economy.” RBI’s Governor Wants Crypto Banned The governor of...

US tech giants say Indian panel’s recommended competition act ‘absolutist and regressive’
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US tech giants say Indian panel’s recommended competition act ‘absolutist and regressive’

An influential industry group that represents Google, Meta and Amazon among other tech firms has expressed concerns about the digital competition law recommended by an Indian parliamentary panel that seeks to regulate their alleged anticompetitive practices, calling the proposal “absolutist and regressive” in nature. The Parliamentary Standing Committee on Finance recommended last month that the...