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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Playful betting apps operated by cross-border entities have seen hundreds or even thousands of Indians lose lakhs of rupees.
Editor's note: Dipesh Nagpal wasn’t expecting the call he received at 7 pm on 12 August 2020. A product manager at a Chinese company in Gurugram, Nagpal had finished his work-from-home shift and was sitting down to dinner with his parents in West Delhi’s Rajendra Nagar. The caller was Ankit Kapoor, one of his bosses, who ordered him to drive 30 km to Gurugram for an emergency meeting at a location unknown to him. Nagpal hadn’t attended a physical work meeting since March, when India went into its first coronavirus lockdown, let alone been called to work after office hours. He was a new hire at Linkyun Technology Pvt. Ltd, a payment aggregator that facilitated the business of Chinese companies in India. “I thought maybe they are meeting a client and need me for a technical brief,” he said. He started on his motorbike, following directions Kapoor sent him on the phone. The destination turned out to be an empty tract of land—all he could see was a police station at a distance. He called up Kapoor. “He told me to come …
Playful betting apps operated by cross-border entities have seen hundreds or even thousands of Indians lose lakhs of rupees.
Editor's note: Dipesh Nagpal wasn’t expecting the call he received at 7 pm on 12 August 2020. A product manager at a Chinese company in Gurugram, Nagpal had finished his work-from-home shift and was sitting down to dinner with his parents in West Delhi’s Rajendra Nagar. The caller was Ankit Kapoor, one of his bosses, who ordered him to drive 30 km to Gurugram for an emergency meeting at a location unknown to him. Nagpal hadn’t attended a physical work meeting since March, when India went into its first coronavirus lockdown, let alone been called to work after office hours. He was a new hire at Linkyun Technology Pvt. Ltd, a payment aggregator that facilitated the business of Chinese companies in India. “I thought maybe they are meeting a client and need me for a technical brief,” he said. He started on his motorbike, following directions Kapoor sent him on the phone. The destination turned out to be an empty tract of land—all he could see was a police station at a distance. He called up Kapoor. “He told me to come …
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
