Recently, the banking unit of payment services company Paytm was ordered by the Reserve Bank of India (RBI) to shut down operations due to compliance violations. This increased the apprehensions of the fintech industry. RBI has given assurance regarding this industry. RBI Governor, Shaktikanta Das said that the action taken on Paytm Payments Bank (PPBL)…
Internet search and tech company Google has been accused of not fully following the orders of the Competition Commission of India (CCI) in India. Epic Games alleges that its app store is not being hosted on Google’s Play Store app. This could become a new legal dispute in the country for Alphabet, the American company…
The central government had imposed a fine on the custodian firm of RailYatri app for data leak. In the information given to Parliament, it has been said that the app was restored after taking necessary security measures. This app is used to book railway tickets. Rajeev Chandrasekhar, Minister of State for Electronics and IT, in…
Recently, the Enforcement Directorate (ED) had caught the Fiewin gaming scam of $47.5 million (about Rs 400 crore). American crypto exchange Binance has claimed that its intelligence division had helped a lot in exposing this gaming scam. ED had declared it a fraud after catching suspicious transactions related to the Fiewin gaming platform. Binance has…
The crypto segment has grown rapidly in the country in the last few years. Despite high taxes, investors are increasingly interested in cryptocurrencies. This is the second consecutive year in which India has a high ranking in the world for investment in cryptocurrencies. However, in the last few months, regulators have also taken strict action…
American devices and technology company Apple had misused its strong position in the market of apps on its iOS operating system. An investigation by the Competition Commission of India (CCI) has found that the company was adopting unfair business practices in the app market. This information has been given in a confidential report of CCI….