The Latest from Manish Singh
Twitter launches subscription service Blue in India, Indonesia and Brazil
Twitter has rolled out its subscription service, Twitter Blue, to users in India, Brazil and Indonesia, it said on Wednesday, tapping large key overseas markets where it has amassed over 100 million u
Chinese influence, loan-collection practices are reasons for India’s crackdown on lending firms
India’s push to ban over 90 lending apps has sent shock waves through the fintech industry as many scramble to understand why they have been impacted. The Ministry of Electronics and IT’s move
SoftBank virtually halts new funding as it contends with persistent losses
SoftBank Group’s investment vehicles posted a loss of nearly $6 billion in the quarter that ended in December as the Japanese tech investor continues to bleed through the market downturn and signifi
PhonePe taps cross-border UPI payments in revenue push
Indians traveling to many foreign markets, including the UAE and Singapore, may soon be able to use the popular UPI payments to make purchases when they land there. Bengaluru-headquartered fintech gia
Wikipedia unblocked in Pakistan after Prime Minister’s intervention
Pakistan has unblocked Wikipedia in the South Asian market, three days after the online encyclopedia was censored in the nation over noncompliance with removing what the local regulator deemed as “s
India blocks PayU’s LazyPay, Kissht and Indiabulls Home Loans in fresh crackdown
Fintech Kissht and PayU’s LazyPay are among the apps that India’s IT Ministry has blocked in the ongoing crackdown as New Delhi moves to curb the misuse of consumers’ data and protec
India to block over 230 betting and loan apps, many with China ties
India is moving to block 232 apps, some with links to China, that offer betting and loan services in the South Asian market to prevent misuse of the citizens’ data, the state-owned public broadcaste
India orders Vodafone Idea to convert government dues into $2 billion equity
The Indian government has ordered Vodafone Idea to convert all the interest it owes to the government into equity in the firm, making it by far the largest shareholder in the troubled telecom giant. V
Binance to terminate tech offerings to estranged India partner WazirX
Binance will stop offering its wallet and other tech services that it provided to WazirX, escalating tension with the Indian crypto exchange that it once sought to acquire. The world’s largest crypt
India’s retail giant Reliance to accept CBDC at stores
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Muke
Twitter to end free access to its API in Elon Musk’s latest monetization push
Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version, the Elon Musk-owned microblogging website said as it looks for more avenues to mone
Pakistan ‘degrades’ Wikipedia, warns of complete block over ‘sacrilegious’ content
Pakistan has “degraded” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” and warned of fully blocking the site if the online encyclopedia fails to comply with the
Tiger Global says India returns have ‘sucked historically’ but remain bullish
Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, projecting high confidence in the key o
Manu Jain, Xiaomi exec who set up and scaled India business, leaves
Manu Jain, the executive who helped Xiaomi set up and scale business in India, has left the company, he said Monday, joining a long list of high-profile departures at the local unit that is increasing
Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6
Walmart readies another $2.5 billion investment in India’s e-commerce and payments
Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with risin
Google to make changes to Android business terms in India after antitrust blow
Google is revising its business agreements with phonemakers and other partners in India and making a series of other changes in the South Asian market to comply with the local antitrust watchdog’
Sequoia, Marc Andreessen back early-stage fund Kearny Jackson
Sequoia Capital and Bain Ventures are among the high-profile investors that have backed the venture firm Kearny Jackson’s second fund, the early-stage focused firm said Wednesday as it gears up to i
India central bank orders SBM local unit to stop outward remittance transactions
India’s central bank has directed SBM Bank India to stop all outward remittance transactions in a blow to the bank and many of its fintech partners that offer services allowing users to invest i
Amazon launches freight service Air in India
Amazon has launched Amazon Air, its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market where it has deployed more than $6.5 bi