Info Edge digs in; rules for crypto ads; Mamaearth valued at $730M
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Zomato’s public listing made a lot of investors rich, but none more than
Info Edge. In an interview, its founder told us the company plans to hold on to the bulk of its 15% stake as it still sees huge potential for Zomato to grow.
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Why PharmEasy bought Thyrocare
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PharmEasy, forked out Rs 4,546 crore for a controlling stake in diagnostics firm
Thyrocare last week, becoming the first startup unicorn to acquire a listed legacy company in India. We spoke to Siddharth Shah, co-founder and CEO of API Holdings, on why he decided to buy, and to Arokiaswamy Velumani, promoter of Thyrocare, on why he decided to sell.
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️ The Rundown by ETtech, our weekly Clubhouse chat show, is back for Season 2!
Synopsis
India’s leading cryptocurrency exchanges, including WazirX, CoinDCX and CoinSwitch Kuber, have partnered with IAMAI to set up an advisory board to implement a code of conduct for the crypto industry in India.
ETtech
The attempt is to bring India’s scattered and informal cryptocurrency and blockchain ecosystem under one standard authority. (Illustration: Rahul Awasthi/ETtech)
Mumbai: India’s nascent cryptocurrency industry will overhaul and standardise disclosure and compliance mechanisms in a bid to establish itself as a legitimate business in the eyes of legacy financial players.
The effort gathered pace after the Reserve Bank of India (RBI)
made it clear banks should not apply its April 2018 circular struck down by the Supreme Court in 2020 to penalise customers for dealing in cryptocurrencies.
Exclusive: IAMAI, iSPIRT in fray to set up regulatory body for digital payments in India
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Synopsis
Under the RBI’s Self-Regulatory Organisation (SRO) framework, the regulatory body will liaison between the industry, government and regulators for streamlining policy and resolving disputes.
ETtech
(Illustration: Rahul Awasthi/ETtech)
Mumbai/Bengaluru: India’s two most influential technology and internet associations are in the fray to set up an industry body to supervise the country’s burgeoning digital payments ecosystem under Reserve Bank of India’s Self-Regulatory Organisation (SRO) framework, three sources aware of the matter told ET.
The Internet and Mobile Association of India (IAMAI), an industry body of all the leading internet and technology companies in the country, is preparing a proposal led by its digital payments arm, the Payments Council of India (PCI). The Indian Banks’ Association (IBA) is also considering joining the bid with PCI to for