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Musk's Internet Service in India soon?🌐
Apple under siege, PhonePe makes its payments data available to all and more.
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Figuring out the approval process for Starlink in India: Musk📡
Elon Musk has indicated that his aerospace company SpaceX may soon launch satellite-based internet service Starlink in India.
Responding to a tweet, Musk wrote: “Just figuring out the regulatory approval process.”
Starlink aims to provide global broadband connectivity via a constellation of small, low-earth-orbit satellites. SpaceX began launching these satellites in November 2019 and opened its $99/month beta program.
Since then, it has launched more than 1,700 satellites and received more than half a million orders for the service. It aims to eventually launch around 30,000 satellites into orbit.
Apple hit with antitrust case in India over in-app payments⚖
Apple faces an antitrust challenge in India for allegedly abusing its dominant position by forcing developers to use its proprietary in-app purchase system.
Rajasthan-based non-profit Together We Fight Society has filed the challenge and argued that the 30% fee raised costs for both developers and customers, hurt competition, and acted as a barrier to entering the market.
The Competition Commission of India (CCI) is expected to review the case shortly and could order a wider probe or dismiss it if it finds no merit, a source told Reuters.
AppsForBharat, a product studio for spiritual and devotional content, has raised $10 million in a Series A funding round.
Revos, an electric vehicle infrastructure startup, has raised $4 million in its Series A investment. The funds will be used to deploy EV chargers across the country and to strengthen its technology team.
Dezerv Investments, a wealth management startup, has raised $7 million from Elevation Capital and Matrix Partners India in its maiden institutional fundraising.
PhonePe makes its payments data available to everyone😇
PhonePe has launched a digital payments market insight platform called Pulse, which will provide researchers, business developers, regulators and journalists access to the nearly 22 billion transactions it has processed over the past five years in various searchable formats.
The new website offers a range of granular data interfaces, including how many transactions in a particular area were made between users, merchants, or to pay utility bills. It will also offer reports that capture underlying trends.
Pulse will be made available to business developers through application programming interfaces (APIs) to help them track trends and examine specific use cases.
Tweet of the day🐥
In other news
✅ Exports up 45.17% to $33.14 bn in August, trade deficit at $13.87 bn.
✅ Sensex surges 514 points to hit a record closing high; Nifty settles above 17,200 for the first time.
"Life is not a matter of holding good cards, but of playing a poor hand well."
~ Robert Louis Stevenson
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