Ola E-Bikes 🛵, Govt Halts ETFs 🚫, Jio AirFiber 🚀

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include Ola's e-bike taxi licensing, Indian govt halting ETFs for disinvestment, and Reliance Jio's AirFiber launch. 🛵 💰 🚀 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Ola seeks licence from Karnataka govt to operate e-bike taxis 🇮🇳 IndiaTech - The Karnataka transport department received an application from ANI Technologies asking for a permit to run an electric bike taxi service in Bengaluru and other cities. - Within the framework of the Electric Bike Taxi Scheme, 2021, Karnataka permits the use of EV two-wheelers as bike taxis. The EV must be registered as a motorcycle under the transport category and utilized as a public service vehicle. Indian Government Halts Use of ETFs for Public Sector Disinvestment 📈 India Business - The Union finance ministry halts using ETF as a disinvestment tool. - No ETF has been issued in the last three years; the approach previously raised significant revenue but led to oversupply. - CPSE-ETF and Bharat 22 ETF approaches had limited scope as many stocks reached max GOI equity level or were unavailable due to strategic disinvestment. 8 superfoods that are healthy to eat daily [NBW Newsletter Ad]( TAKE A LOOK AT INSIGHTFUL VISUAL STORIES ON NEXTBIGWHAT The healthiest meals and diets out today place a strong emphasis on real, whole foods, including lots of fruits and vegetables, whole grains, lean proteins, and healthy fats. [Check out]( Reliance Jio launches AirFiber service in eight Indian cities 🇮🇳 IndiaTech - Jio AirFiber uses 5G technology, offering home entertainment, broadband, and digital services. - Service is live in cities including Delhi, Mumbai and Bengaluru, with prices ranging from Rs 599 to Rs 3,999. - Additional benefits include access to 550+ Digital TV channels, various OTT apps, and smart home services. Indian Buyers Could Save on iPhone 15 Pro Max by Flying to Dubai for Purchase 🇮🇳 IndiaTech - Apple’s newly introduced iPhone 15 Pro Max is significantly cheaper in Dubai than in India. - Including a round trip flight of approximately Rs 20,000, an Indian purchaser could save around Rs 24,000 on their iPhone 15 Pro Max. - The higher price in India is attributed to import duties on high-value components and a weak rupee, coupled with additional customs duties on non-domestically assembled models. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( India’s Centre Appoints Key Members to Competition Commission 🇮🇳 IndiaTech - Three new members have been appointed to India’s Competition Commission (CCI) to prevent decision-making delays. - Appointees include ex-Police Director General Anil Agrawal, ex-Audit official Deepak Anurag, and lawyer Sweta Kakkad. - These crucial appointments follow retirements of two previous members, and are aimed at maintaining the required quorum to act on mergers and investigations. Zerodha Founders Turned Profit during 2008 Financial Crisis 🇮🇳 IndiaTech - Zerodha founders Nithin Kamath and his brother Nikhil Kamath made money during 2008 crisis, crediting Nikhil’s ‘phenomenal job’. - They were day traders that would exit all positions by day-end, resulting in gains despite the crisis. - The broking industry, however, faced its worst time in 2010, post the crisis, Nithin said. West Bengal Identified as Emerging Cybercrime Hub: IIT Kanpur Incubated Study 🇮🇳 IndiaTech - West Bengal has 14 areas marked as emerging cybercrime hotspots in a whitepaper by the Future Crime Research Foundation. - The report compiled data from January 2020 to June 2023, outlining rising digital crime regions, catching law enforcement and the public unprepared. - Recognizing these rising cybercrime trends and distributions, Indian law enforcement has started taking measures to combat crime. Uncertainty Surrounds Status of Misinformation Combat Alliance’s SRO 🇮🇳 IndiaTech - Previous report hinted IT Ministry approved Misinformation Combat Alliance’s (MCA) setup of a self-regulatory organization (SRO) for Indian fact-checkers. - No law exists to approve an SRO for fact-checkers, and recent IT rule amendments only allow notification of a fact-checking unit for government-related news. - The Ministry’s response to an RTI request revealed no official permission has been granted for any organization to set up an SRO for fact-checkers. Cricket World Cup 2023 anticipated to generate up to Rs 2,200 crore in ad revenues 📈 India Business - The Men’s Cricket World Cup 2023 in India is expected to double the ad revenue compared to 2019. - Disney Star will stream the matches for free on Disney+ Hotstar, aiming to outdo JioCinema. - Favourable match timings are expected to enhance viewership, particularly benefiting digital revenues. Tata Capital Preparing for Stock Market Debut by 2025 with Operational Restructuring 📈 India Business - Tata Capital expands its board and undergoes mergers to prepare for an IPO in 2025. - The RBI requires ‘upper-layer’ NBFCs, like Tata Capital, to go public within three years. - Tata Capital’s unlisted shares are currently valued at about Rs 1.5 lakh crore in the grey market. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](