MotoGP Visa Issues 🏁, WhatsApp Payments 💳, Data Protection Board 📝

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 Visa Issues at MotoGP, WhatsApp Payment Options, and Data Protection Board. 🔍 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( First Indian Grand Prix of MotoGP hampered by visa issues, leaving some teams unable to fly 📈 India Business - The majority of the paddock was scheduled to travel to India today, but several have been denied boarding because they lack the required visas. - Honda has been forced to postpone a factory tour with its riders that was scheduled for Wednesday in India, and many journalists and photographers have missed flights because they could not receive their visas in a timely manner. WhatsApp partners with PayU and Razorpay to deliver expanded payment options in India 🇮🇳 IndiaTech - WhatsApp enables user payments with UPI apps, debit/credit cards and net banking, partnering with Razorpay and PayU. - WhatsApp Pay users are capped at 100 million, but there’s no limit for other transactions with businesses on WhatsApp. - Meta also expands its Verified subscription program globally, providing a verified badge and impersonation protection to businesses. How to start a startup course: The world’s most comprehensive guide [NBW Newsletter Ad]( What we’ll delve into during this course is not just how to dream, but how to do. Starting a startup is not just about having a good idea; it’s a combination of focus, determination, iteration, and often, serendipity. [Enroll]( India’s household savings hit 47-year lows at 5.1% of GDP in FY23 📈 India Business - RBI data shows household net financial assets, also known as household savings, fell to a 47-year low of 5.1 percent of GDP in FY23 from 7.2 percent the year before. - Household savings had risen to 11.5 percent of GDP during the pandemic’s height in FY21, when spending options were limited. Jharkhand High Court Orders State to Adhere to SC Internet Suspension Rules 🇮🇳 IndiaTech - The High Court has directed Jharkhand’s government to follow Supreme Court (SC) guidelines on internet suspensions, if such measures are taken in the future. - The decision came after a Public Interest Litigation challenged three internet suspensions in 2022, asking the state to publish suspension orders online. - The state must upload all prior internet suspension orders on its website within 48 hours, as per the High Court directive. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Audio Content Provider Kuku FM Secures $25M in Series C Funding Round 🇮🇳 IndiaTech - Kuku FM raised $25M in a Series C round co-led by Fundamentum and IFC, boosting its total funds to over $70M. - Funding aims to enhance content ecosystem, expand Indian language content, and upgrade technology. - Despite escalating losses due to hefty marketing costs, Kuku FM reported significant revenue growth and over 2.5 million paid subscribers. Zetta Farms Incorporates Farmers as Partners for Added Benefits and Profit Sharing 📈 India Business - Zetta Farms, a sustainable farming company, integrates farmers into its payroll, extending benefits like insurance and pension. - Farmers are assigned crops based on location and given a share of the profit, with landowning farmers receiving a higher share. - The tech-driven farming company has worked with 1,200 farmers and has plans for global market expansion. Indian Government to Launch Data Protection Board and Relevant Rules within 30 Days 🇮🇳 IndiaTech - Data Protection Board (DPB) to be established under the Digital Personal Data Protection Act within the next month, clarified Minister of State for Electronics and IT, Rajeev Chandrasekhar. - Three-tier transition timeline for compliance with the legislation includes longer timeframe for government entities and non-digital companies, with larger tech companies expected to comply promptly. - The Act mandates a consent-based mechanism for user data collection, prescribes penalties for data breaches, and allows the government to block platforms following two violation instances. One Year Given to Comply with 2023 Data Protection Act, Excluding Age-gating: Minister 🇮🇳 IndiaTech - Entities have a year to adapt systems to the Digital Personal Data Protection Act, 2023. - Minister Chandrasekhar mentions Data Protection Board and guidelines will be established within a month. - Digital Personal Data Protection Act seeks to deter misuse of individuals’ data and proposes hefty penalties. Sequoia Capital Raises Value from $2B to $34B, Splits Into Three Entities 🇮🇳 IndiaTech - Sequoia Capital Partner Roelof Botha revealed the VC firm’s capital was multiplied seventeenfold. - In spite of this success, Sequoia’s main focus is what the next investment round will bring. - Sequoia has separated from its India and China operations, forming three distinct entities, to better manage geopolitical tensions and back-office overheads. Akasa Air faces impending shutdown after 43 pilots quit, anticipates 700 flight cancellations 📈 India Business - Scores of flights are being cancelled daily after pilots skipped their mandatory notice period and joined rival airlines. - The airline is seeking legal action against pilits and demanding Rs 22 crore for lost revenue due to cancelled and grounded flights. - Akasa Air has asked the court to enable the DGCA to enforce mandatory notice period rules. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](