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Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market. K.T. Rama Rao, Telangana’s IT minister, said in a tweet that the investment from Foxconn […]
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India’s central bank wants to ban cryptocurrencies, the government told the parliament on Monday, raising more uncertainty about the future of the nascent virtual digital asset in the world’s second largest internet market. Nirmala Sitharaman, the minister of finance in India, said Monday that the Reserve Bank of India has expressed concerns about the “destabilising […]
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The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation. Internet and Mobile Association of India, an 18-year-old lobby group, said Thursday it is dissolving the Blockchain and Crypto Assets Council, its four-year endeavor to support […]
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Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the […]
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NordVPN, one of the most popular VPN providers, is the latest to confirm that it will be removing its servers in India ahead of the nation enacting new strict guidelines later this month. The Lithuania-based firm, which counts General Catalyst and Novator among its backers and is valued at $1.6 billion, said on Tuesday that […]
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