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India: Saraf exits L&L following spat, announces 21-partner firm
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Another exit for L&L as insolvency partner heads to AZB
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Telcos to also come under regulatory scrutiny of revised intermediary rules
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Synopsis We are studying the regulations…the telcos with value added services will come under the OTT regulations, said a senior executive in one of the three telcos. Another senior executive at a second operator confirmed the same, adding their legal teams are still going through the revised intermediary guidelines under Section 79 of the Information Technology Act, announced Thursday.
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Vodafone Idea, who are aiming to go big on digital services through their own over the top (OTT) platforms, now face another regulatory oversight – the latest social intermediary guidelines. The regulations come at a time when the trio are banking on their digital offerings via OTT platforms to generate additional revenue from millions of their subscribers, by driving up data consumption.
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In Brief By Kian Ganz
Friday, 22 January 2021 18:51 Private equity / VC
Software as a service (SaaS) platform LeadSquared has raised $32 million in a Series-B funding round led by Gaja Capital. Existing investors, Stakeboat Capital and Jyoti Bansal also participated in the round, the largest for the company, demonstrating its strong growth trajectory.