Reports say the govt is planning to launch a homegrown app store providing an alternative to Google Play Store, Apple Store
The company has already registered 220,000 investors, of which 65 per cent are in the age group of 18 to 30 years
Companies like Google that vie against Paytm in the digital payments space have no such obligation, noted Deora.
India has banned over 200 Chinese apps and also put severe restrictions on Chinese investments into the country following border clashes in eastern Ladakh
The spat also brings Google and Apple's duopoly over being the only marketplaces for applications on their mobile operating systems into question
Here's a selection of Business Standard opinion pieces for the day
Paytm suggested the global tech giant's move as hypocritical as Google, too, regularly runs similar scratch card campaigns in India under its Google Pay app
Google should not misuse its dominant position
Google says it violated gambling policy; Paytm asks if cash back is gambling
Vijay Shekhar Sharma says suspension was over cashback offer
Google doesn't specifically name the payment app in separate blogpost; Other apps such as Paytm Mall, Paytm For Business and Paytm Money still available
Paytm is India's leading digital payments app, claiming over 50 million monthly active users
From Google removing Paytm from Play store, Dubai banning AIr India Express over Covid fears to Apple launching online store, Business Standard brings you the top headlines of the day
The company has also set aside Rs 300 crore for investing in growing the market for fantasy sports and other online gaming events during this financial year
The Noida-based firm also claimed it has narrowed losses 40 per cent year-on-year on account of optimisation of expenses which will help it become profitable by 2022
Paytm said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices
This follows the money laundering case filed by ED on Saturday against entities, including Dokypay Technology and Linkyun Technolgy, for allegedly running illegal online betting apps linked to China
Beijing has added 23 technologies to its list of regulated exports; move could affect start-ups that have IP co-creation as part of investment deal with Chinese VC investors, say experts
Agency seizes Rs 47 crore after searching more than 15 locations in Delhi, Gurugram, Mumbai and Pune
Fintech major Paytm on Wednesday said it is in the process of hiring over 1,000 people across various roles over the next few months as it expands its operations