Tiger Global leads $32-million round in Jar savings app at $200-million valuation

Jar will use the funding to offer lending and insurance to users, even as it continues to focus on improving distribution and cultivating a savings habit among users through gamification.

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Cryptic tax rules confuse investors, and more crypto news

Crypto investors in India are also trying to understand how tax will be applied in various real-world situations.

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How Facebook is morphing into Meta

Mark Zuckerberg, CEO of the company formerly known as Facebook, has upended his company ever since he announced in October that he was betting on the so-called metaverse.

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Krafton invests $5.4 million in Nautilus Mobile

​​The funding will help Nautilus deepen its penetration in more markets globally and broaden its scope to other games in addition to cricket.

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On crypto tax, investors and experts have more questions than answers

Many tax experts seem to have raised questions about what would happen to the gains made by investors in the past year. That is, whether the announcement on tax will be retrospective.

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Pine Labs in talks to acquire API infrastructure startup Setu

Setu’s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India’s digital lending space.

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Headout bags $30 million in funding led by Glade Brook Capital

Headout said it will use the funds to accelerate its journey to $1 billion in annual sales by expanding to 500 cities in the next 24 months, to launch new verticals for domestic short-haul travel and build the next generation of technology products.

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No concessional tax rate on dividends from foreign entities to impact startups, companies looking to bring in cash to India

Up until now, the dividend received by an Indian company from a foreign subsidiary or company where it held at least 26% was taxed at a concessional rate. The concessional rate—15%—has now been removed, the finance minister said Tuesday.

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Cryptic no more: Cryptocurrencies, CBDC may get to coexist

Globally, central banks have been exploring CBDCs since 2019, but only China has taken the plunge. But, unlike China which has clamped down on trading and mining of cryptocurrencies, India has paved the way for both.

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Crypto’s bittersweet breakthrough, and other Budget 2022 highlights

While some in the crypto industry believe official recognition will bring in millions of users, including institutional investors who have been on the fence so far, others say the high tax rate could deter traders and cause them to flee Indian crypto exchanges.

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ETtech Opinion: Digital-first mindset steers education reforms

There has been a substantial increase in allocation towards education in this budget, with many policy announcements that will make learning more accessible, equitable and affordable in India.

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