Explained: How to read Q1 GDP data

The data showed that in Q1 of 2021-22, India’s GDP grew by 20.1% while the GVA grew by 18.8%. These are year-on-year comparisons; in other words, the total output of…

OTO Capital secures $6 mn in Series A

OTO Capital, which provides financing solutions for two-wheeler buyers, is gearing up for its next phase of growth. OTO Capital, operated by 1T9 Technology Pvt. Ltd, will use the fresh…

Wipro ties up with HERE for mapping, location data tech

Bengaluru headquartered information technology services company Wipro has partnered with Netherlands-based mapping and location data technology company HERE Technologies to offer asset-tracking, logistics, supply chain, smart-metering and analytics, field workforce…

Sparks Studio gets $125,000 funding from Y Combinator

Virtual extracurricular platform Sparks Studio has secured $125,000 in funding from San Francisco-based Y Combinator, which has previously backed companies such as Airbnb, Meesho and Razorpay. Y Combinator received 17,000…

South Korea bans Google, Apple payment monopolies

South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. The legislation prohibits…