NSE Records 📈, Parliamentary Group 🧑‍🏫, Gaming Pause 🚫

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 NSE's record new investor registrations, Parliamentary Committee's expert group for Education Tech, and India IT Ministry’s pause on online gaming self-regulating bodies. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( NSE records 1 crore new investor registrations in last 8 months 📈 India Business - NSE registered over one crore new investors within the past eight months, with 45% emerging from beyond top 100 cities. - Northern India contributed 43% of registrations, followed by west, south and east sectors. - The NSE attributes the surge of investors to capital market momentum, highlighting a 22.66% and 25% annualised return on the Nifty 50 and Nifty 500 indices respectively. Parliamentary Committee Proposes Expert Group to Examine Education Tech Infrastructure 🇮🇳 IndiaTech - A diverse expert group is recommended by the Parliamentary Standing Committee on Education to evaluate existing technological infrastructure in higher education institutions. - The proposed group will spot gaps in areas like hardware, software, internet connectivity and digital literacy, and offer solutions. - These steps are crucial in fulfilling requirements under the National Education Policy such as credit transfers, multi-disciplinary learning and inclusive education. PhonePe’s App Store: 3+1 questions [NBW Newsletter Ad]( nextbigwhat brings you curated news, product and tech trends across a range of industries. PhonePe has announced the launch of its upcoming app store (Indus), which is the result of its earlier acquisition of IndusOS. The PR so far has been about anti-Google stand. [Read]( Indian IT Ministry to pause online gaming self-regulating bodies amid tax concerns 🇮🇳 IndiaTech - India’s IT Ministry might delay the finalization of self-regulatory bodies for real money online gaming until views from different government ministries are harmonized. - The decision follows a GST council tax rate increase for wagering online games from 18% to 28%, causing massive tax evasion notices served to multiple gaming businesses. - The self-regulatory framework’s evolution and security concerns over Chinese companies’ involvement in the industry also require harmonization, say unnamed sources. Air India becomes first to acquire Airbus A350-900 via GIFT City 📈 India Business - Air India is the first scheduled carrier to acquire an aircraft from an entity registered in GIFT City. - The aircraft is the first widebody leased through India’s first International Financial Services Centre, facilitated by AI Fleet Services Limited. - The first of Air India’s six Airbus A350-900 is expected to arrive in India by the end of 2023, with more deliveries through March 2024. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( SEBI Requests MCX to Delay Launch of New Commodity Derivatives Platform 📈 India Business - SEBI postponed the upcoming launch of MCX’s new commodity derivatives platform. - SEBI will discuss technical concerns raised by Chennai Financial Markets and Accountability (CFMA) in an upcoming meeting. - MCX will continue conducting mock tests on the platform until further instructions from SEBI are received. Clinikally Garners $2.6M Funding from Several Investors 🇮🇳 IndiaTech - Digital healthcare platform Clinikally secures $2.6 million from Y Combinator, Tribe Capital, and others. - The service, connecting consumers with dermatology experts, has served over 450k users across 500 cities. - Clinikally’s second funding round, having garnered $500k in July 2022 from investors like Shutterstock CEO, Jon Oringer’s Parento Holdings. Atlassian Named One of India’s Top Workplaces for Women Third Year in a Row 🇮🇳 IndiaTech - Atlassian recognised as one of India’s Best Workplaces for Women 2023, marking its third year in a row. - Significant growth in India driven by the success of Atlassian’s distributed work policy, Team Anywhere, doubling the number of its women employees to 27%. - The company provides numerous initiatives to help women grow in their careers, including the LeaP leadership programme for female engineers, and attractive employee benefits. TCS retains top spot as most valuable Indian brand 🇮🇳 IndiaTech - According to the Kantar BrandZ Top 75 most valuable Indian brands study, Tata Consultancy Services (TCS) is still India’s most valuable brand with a $43 billion market cap. - The overall brand value of the top 75 brands in India is $379 billion, a 4% decrease from 2022. In 2023, TCS and Infosys both had declines of 6% and 17%, respectively. India to Impose 28% GST on Online Gaming from Oct 1 🇮🇳 IndiaTech - The Central Board of Indirect Taxes and Customs announced a new 28% GST on online gaming starting October 1. - This follows a recent amendment in CGST Act 2017 to clarify taxation of casinos, horse racing and online gaming. - The new law will also require offshore entities offering online money gaming to register for GST in India. Zerodha’s Self-Valuation Surges to $3.6B, Overshadowing Upstox and Groww 🇮🇳 IndiaTech - Zerodha, a stock broking firm, now values itself at $3.6B, an 80% increase from its 2021 valuation of $2B. - This makes Zerodha the highest-valued stock broking startup, ahead of Upstox and Groww, whose valuations stand at $3.4B and $3B respectively. - Zerodha’s CEO Nithin Kamath stated that the firm’s valuation is exclusively based on its annual net profits, which grew by 38.5% in FY23. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](