The Latest from Manish Singh
India won’t tolerate abusive, obscene content on streaming services, minister warns
India will not tolerate use of abusive language and display of obscene content in movies and TV shows on on-demand video streaming services, a key minister has warned in a move that a critic cautioned
Walmart invests $200 million in Indian mobile payments giant PhonePe
PhonePe has raised another $200 million as part of an ongoing round, a move that has now helped it pull $650 million in recent weeks despite the market slump.
ADIA invests $500 million in Lenskart
Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up
Meta to cut another 10,000 jobs and cancel ‘low priority projects’
Meta plans to cut its workforce by another 10,000 people and withdraw around 5,000 open roles that it had yet to fill, company co-founder and CEO Mark Zuckerberg said Tuesday, confirming recent rumors
India probing ‘several’ crypto cases for money laundering, seizes over $115 million
India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, t
Yellen says government trying to help Silicon Valley Bank depositors but dismisses bailout
Treasury secretary Janet Yellen said on Sunday that the U.S. government would not bail out Silicon Valley Bank but is concerned about depositors reeling from what is the worst bank failure since the 2
Silicon Valley Bank collapse is impacting many Indian startups
Over 60 YC-backed Indian startups have more than $250,000 stuck in accounts with Silicon Valley Bank and nearly two dozen have more than $1 million tied with the lender, according to a survey by and a
US strengthens tech ties with India but doesn’t seek decoupling from China, Raimondo says
The U.S. government is not seeking to “decouple” from China, nor is it seeking “technological decoupling,” but Washington “would like to see India achieve its aspirations to play a larger ro
Silicon Valley Bank trading halted; staff asked to work from home as SVB seeks a buyer, say reports
Update: Well, SVB stock never went live again, and four days on, the search for a buyer for SVB Bank continues. Now under the control of the FDIC, SVB Bank reportedly had a number of suitors over the
Prosus in talks to sell Olx Autos business in India, other markets
Prosus is actively engaging with multiple players to explore the sale of classified business Olx’s Autos unit in several markets, including India and Indonesia, according to a source familiar wi
India proposes to replace its two-decades-old IT law
India is proposing to replace its over two-decades-old IT law as the world’s second-largest internet market pushes for new guidelines to seek broader accountability from tech firms, revaluate who al
Soon, not streaming on Disney+ Hotstar: HBO content
Hotstar will lose HBO content at the end of this month in the latest setback for the Disney-owned on-demand video streaming giant that recently also lost rights for a popular cricket tournament in the
Indian fintech unicorn Slice acquires stake in a bank
Slice has acquired a 5% stake in the Indian bank North East Small Finance in what analysts say is a key step in the unicorn fintech startup’s journey amid mounting challenges from the central ba
India’s central bank slaps penalty on Amazon’s payments unit
India’s central bank has slapped Amazon Pay’s India unit with a fine of over $373,300 for non-compliance with local guidelines surrounding know your customer and prepaid payment instrument
Japan’s Geniee acquires AdPushup-operator Zelto for $70 million
Japanese marketing tech firm Geniee, part of the SoftBank Group, has paid about $70 million in cash to acquire the revenue optimization platform Zelto (formerly known as AdPushup), a person familiar w
Sequoia heats up early-stage startup investments in India and Southeast Asia
On a recent winter morning in New Delhi, Rajan Anandan and Pieter Kemps were pacing the floor of a five-star hotel, quizzing a group of over two dozen young startup founders about their goals. One fou
Indian fintech CRED adds buy now, pay later and tap to pay offerings
CRED is rolling out a buy now and pay later service and a tap to pay feature as the Indian fintech platform broadens its offerings to boost engagement and monetization on the platform. Cred flash, the
Telecom giant Airtel eyes a stake in Paytm
Airtel is engaging with Paytm to explore sale of the Airtel Payments Bank business in exchange for shares in the younger financial services firm, according to two people familiar with the matter, in a
Amazon joins Indian e-commerce initiative that seeks to challenge Amazon
Amazon is joining the Indian government-backed e-commerce initiative that seeks to “democratize” online shopping in the South Asian market and amusingly challenge the very dominance of com
Google, complying with regulatory order, to support third-party billing in India from April 26
Google will start to support a third-party billing system for Google Play Store purchases in India on April 26 as the Android-maker begins complying with the local regulatory directions in the key ove