28% GST on entry-level deposits for online gaming🎮
Start your day, the smart way! Latest tech updates, startup insights, and a dose of inspiration. 2-min is all it takes!
Hi Everyone👋🏻,
Welcome to the newsletter, your one-stop shop for the latest tech updates, startup insights, and a dose of inspiration.
Get ready to start your day the smart way!
If you've already joined, invite your peers to join as well!
Let's embark on this journey to knowledge and growth together!
Tech Updates
28% GST to be levied on entry-level deposits for online gaming platforms
The GST Council upheld the 28% levy on online gaming but clarified that the tax will be applicable at the entry-level and not on subsequent winnings.
CXOs log out of unicorns to start up their own ventures
Even C-suite executives are going from unicorns to series A and B firms, or even lower down the value chain, their moves indicative of the kind of firms funds are flowing into in the startup space
Epublic infra revolution making India mega economy: Nandan Nilekani
India's "techade" has led to a model of unprecedented growth and will bring greater equity and inclusion, said Infosys co-founder and chairman Nandan Nilekani, who has spearheaded India's digital public infrastructure (DPI) revolution.
Foxconn to invest $600 million in Karnataka on iPhone facilities
Taiwanese chipmaker Hon Hai Technologies, better known as Foxconn, has signed a letter of intent (LoI) with the government of Karnataka to invest $600 million (about Rs 5,000 crore) in two facilities to manufacture semiconductors and iPhone components.
SoftBank chip subsidiary Arm targets $60 billion-plus value for September IPO
SoftBank-owned British chip designer Arm Ltd will go for a much-awaited public listing in September. The company is targeting a valuation between $60 billion and $70 billion for the semiconductor company in the $10 billion IPO.
Apple-Goldman Sachs high-yield savings account surpasses $10Bn in customer deposits
The deposit account, which was launched in April, lets Apple Card users earn an annual percentage yield of 4.15% on savings accounts.
Funding Deals
Vistaar Financial Services has secured $50 million in funding from the US government's development finance institution, the International Development Finance Corporation (DFC).
Early-stage venture capital fund pi Ventures, which invests in deep tech-focused startups has raised ₹702 crore ($85 million) towards the final close of its second fund.
Tweet of the day🐥
“You have to fight through some bad days to earn the best days of your life.”
Have a great day!
Please share your thoughts on this by clicking on the link below.