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Board rejig at Byju's subsidiary Aakash; govt tables data bill in Lok Sabha; Zomato clocks maiden profit

Happy Friday! US hedge fund Davidson Kempner has started reconstituting the board of Byjus crown jewel, Aakash Educational Services Ltd (AESL), in an effort to turn around and improve the governance at the crisis-hit edtech company. This and more in todays ETtech Morning Dispatch.

Gurgaon , Haryana , India , China , Chinese , Ajay-khanna , Varun-alagh , Riju-ravindran , Niraj-singh , Nischal-shetty , Ghazal-alagh , Divya-gokulnath

India Bans Offsetting Loss On One Crypto With Gain From Another

The government has tightened norms for crypto by disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding, junior finance minister said on Monday.

India , Nishcal-shetty , Pankaj-chaudhary , Finance-pankaj-chaudhary , Crypto , Crypto-mining , Crypto-tax ,

SonyLIV roped in 100+ advertisers for India's tour of Sri Lanka, Tokyo Olympics

SonyLIV roped in 100+ advertisers for India's tour of Sri Lanka, Tokyo Olympics
indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.

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'Buying Bitcoin is simple' WazirX says in new campaign

The series of ads attempt to dispel the ambiguity surrounding cryptocurrency trading.
06 Jul, 2021 - 08:35 AM IST | By indiantelevision.com Team
Mumbai: Cryptocurrency trading remains mystifying to an average person in India. And with the crypto space in the country mired in debates surrounding its regulations and the support provided by local banks, its prospects are seemingly at odds with consumers. To dispel any such doubts associated with the apparent complexity of trading in the digital currency from people’s minds, crypto exchange WazirX has launched a campaign positioning itself as the go-to platform for buying and selling cryptocurrencies in India – ‘India ka Bitcoin exchange’.

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WazirX founder says hasn't received any ED notice on money laundering

Earlier today, the Enforcement Directorate issued a press release that said the government agency has issued a show cause notice to Nishcal Shetty and Sameer Mhatre for cryptocurrency transactions worth Rs 2,790.7 crore that violated FEMA rules.

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Dogecoin surge sends WazirX servers panting for help – users report failed transactions, delays in orders

Dogecoin surge sends WazirX servers panting for help – users report failed transactions, delays in orders
Rounak JainMay 6, 2021, 11:33 IST
WazirX users are reporting transaction failures and delays in depositsWazirX
Dogecoin has seen a 10-time increase in its prices over the last one month.
This has caused a massive surge in traffic on
WazirX, one of the largest cryptocurrency exchanges in India, resulting in transaction failures and delays in orders.
While the company says the issue has been fixed, users continue to report issues.The Dogecoin frenzy has left one of India’s largest cryptocurrency exchanges panting for breath, with its users posting on social media about transaction delays, payment failures and their money getting stuck.

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Indian platforms campaign to deter Centre's expected ban on cryptocurrencies

Indian platforms campaign to deter Centre’s expected ban on cryptocurrencies
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NEW DELHI: Domestic cryptocurrency platforms are coming together to launch a new campaign meant to deter the Indian government from banning private cryptocurrencies in the country. The companies have launched a platform called Indiawantsbitcoin.org, which allows anyone to send an email to their respective Members of Parliament (MP), showing support for cryptocurrencies.
The platform contains a ready to send draft email, requiring users to simply select their state and district. The email expresses “delight" at the prospect of creating India’s own digital currency, but also claims that the country has 10-20 million crypto users and over 340 startups in the space. The platforms also said that trading volumes in India’s top crypto exchanges have grown by over 500% in 2020. According to data from market research firm Venture Intelligence, investments worth $24 million went into cryptocurrency firms in India in 2020.

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