NOIDA DRIVING LICENCE
No need for speed: Luxury cars' involvement in accidents spur worries
Speeding luxury cars have caused several fatal accidents across India, highlighting the dangers of reckless driving. Recent incidents in Pune, Noida, and Bengaluru involved high-end vehicles like Porsche, BMW, and Audi, resulting in deaths and injuries. The rise in road accidents underscores the need for stricter licensing regulations and pedestrian-friendly infrastructure.
Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Exclusive: Flipkart-Zepto deal talks drop out of cart
Happy Friday! Ecommerce major Flipkart held talks with Zepto for a potential deal. More on that in today’s ETtech Morning Dispatch.
ED smells Fema trouble in Paytm bank; legal breather for Byju’s
The Directorate of Enforcement is probing potential violations of forex laws linked to entities using Paytm Payments Bank. More stories around the fintech in today’s ETtech Morning Dispatch.
Razorpay, Cashfree eye lost market share, ShareChat’s third round of layoffs
With the PA license in place, both Razorpay and Cashfree have set up "war rooms" with executives from across teams. The aim is to reach out to as many waitlisted merchants as possible and convert them into clients.
Noida Police warns: Your driving licence, RC will be cancelled if...
Gautam Buddh Nagar, also known as Noida, Police has issued a warning stating that individuals who receive more than three traffic violation challans may have their driving licenses cancelled. Moreover, repeated offenses could lead to the suspension or cancellation of the vehicle's registration. Uttar Pradesh chief minister Yogi Adityanath had earlier directed the traffic department to take strict action against repeat traffic offenders.
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Groyyo investors tap Deloitte; new-age firms hired more in FY23
Big4 company Deloitte has been mandated by the investors of Groyyo — Tiger Global and Alpha Wave Global — to ‘work with’ the startup and take a closer look at its trading business. This and more in today’s ETtech Morning Dispatch.
Exclusive: Top-deck changes at PayU; SMEs tap homegrown apps for advertising
We have a Friday AM scoop today on big changes underway at Prosus-owned online payments major PayU. This and more in today’s ETtech Morning Dispatch.
Scoop: Razorpay’s ‘reverse flip’ to India; Blinkit delivery disruptions continue in parts of Delhi-NCR
Fintech major Razorpay is planning to move its holding company from the US to India amidst tightening regulations in the sector. This and more in Tuesday’s edition of ETtech’s Morning Dispatch.
Visa pauses single-click checkout; trouble mounts for Blinkit as delivery workers join rivals
Card payments major Visa has paused its single-click checkout service in India amid RBI’s attempts to make the digital payments industry safer for customers. This and more in today’s ETtech’s Morning Dispatch.
Tata Digital revenue up 3x in FY22; TCS, BSNL close in on $2B deal for 4G
Tata Digital's consolidated revenue also includes businesses such as Croma, Tata Fintech, Tata Technologies and previous BigBasket acquisitions like DailyNinja and Savis Retail.
Private liquor vend employees in Delhi stare at uncertain future
The Delhi government had made retail liquor sale completely private with its new excise policy implemented on November 17, 2021. The policy has been recalled recently in the backdrop of the lieutenant governor recommending a CBI probe into it. Deputy Chief Minister Manish Sisodia recently said the government will revert to the old excise policy regime and operate liquor stores through four of its corporations from September 1.
Infra.Market hid Rs 224 crore of income, I-T probe finds; cofounder distances himself from Trell
On Sunday, the department said in a press statement that it has found evidence of attempted tax-evasion at “a startup based in Pune and Thane”. While it didn’t name the company, there’s little doubt which one it was referring to.
India’s new drone rules distilled
The Drone Rules, 2021, as they will be known, replace the Unmanned Aircraft System Rules, 2021, which only came into effect in March. We’ve distilled the 15-page document into a five-minute read.
Startups raise the roof in 2021
In today's ETtech Morning Dispatch: Fundraising by Indian startups in the first half of 2021 exceeds all of last year's; Zomato IPO is pricey but appetising; Paytm rejigs board ahead of IPO; and WazirX and Co. make the most of the crypto lull.
ETtech Morning Dispatch on March 1, 2021: Govt vs WhatsApp (again)
Here's a look at the top tech news to start your day.
Stuck in first gear: Car subscription services are not gaining momentum
Experts say a lease model is unlikely to bring in large volumes in the country where car ownership is considered a status symbol. India sells about Rs 2.2 lakh crore worth of passenger vehicles a year, says an analyst. The car subscription business is Rs 200-250 crore. In comparison, the ride-hailing market is Rs 20,000-25,000 crore.
Autorickshaw, car numbers in Congress list of buses for migrant workers: UP govt
The Congress, however, challenged the UP government to conduct a "physical verification" of the buses it has brought to the state's border to take UP's stranded workers home.
Autorickshaw, car numbers in Congress list of buses for migrant workers: UP govt
The UP claim reignited the row over the offer made on May 16 by Congress general secretary Priyanka Gandhi Vadra to provide 1,000 buses at the UP border for migrant workers heading to their homes in the state.
McDonald's picks Sanjeev Agrawal as new partner for north, east India
The development comes almost nine months after McDonald's bought estranged partner Vikram Bakshi's 50 per cent stake in Connaught Plaza Restaurants Ltd (CPRL), which has the licence to run its restaurants in north and east India. A McDonald's spokesperson said Agarwal is the new partner of the company for the two markets.
Speeding on Noida roads will cost you Rs 2,000
Be prepared to shell out more for traffic offences, as the state government has made changes to the Motor Vehicles Act to increase penalties for common traffic offences in Uttar Pradesh.
DBS India to hire 600-800 persons in 18 months as it goes into expansion mode
As part of its branch expansion to nine new locations during this month, three branches kick-started Wednesday in Gurugram, Noida and Coimbatore.
Adityanath doles out Rs 1,400 crore worth of projects in Noida, Gr Noida
During the visit, he also laid the foundation stones of three major infrastructure projects altogether costing Rs 1,165.28 crore.
Noida property registration to go online; commercial & individual owners to get UID
From November 1, an allottee/property holder can upload a form along with ID proof and a scanned copy of allotment/transfer letter on the website. The allottee will then get a KYA-UID number
Face music for life for using fake ID in Aadhaar
The UIDAI has noticed that people are trying to generate multiple temporary IDs by enrolling with different names to seek benefits of welfare schemes such as LPG subsidy.
Strengthening 'Make in India': 19 private companies get DIPP nod to make defence products
These range from manufacture, maintenance and overhaul of torpedoes, missiles and mines to large platforms such as tanks, off road military vehicles and hovercrafts.
Nithari-II? Delhi Man confesses to abusing, killing 16 kids
With little information at hand about the victims, police were able to establish Kumar's involvement in six such deaths.
Delhi transporters ask Arvind Kejriwal to investigate DIMTS projects
A section of transporters operating in Delhi have asked Chief Minister Arvind Kejriwal to investigate the work done by DIMTS.
Online time slot booking service for driving licence applicants
On the lines of passport application system, the Noida transport department today launched online time slot booking service for driving licence applicants.
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