US Visas to India 🇺🇸, Veera Browser Launch 🌐, Mobile Gaming Skyrockets 🎮

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today, we're covering US student visas to India, Veera browser launch, and India's mobile gaming industry. 🎮 🌐 🇺🇸 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( US grants a record 90,000 student visas to India in three months 📈 India Business - A major turning point in Indian-American educational exchange was reached when the visas were distributed throughout the months of June, July, and August. - Nearly one in four student visas worldwide this summer was issued in India. Last year, a record-breaking 125,000 Indians were issued student visas, more than any other nationality. Launch of Veera: India’s first homegrown mobile web browser 🇮🇳 IndiaTech - Veera, an Indian mobile browser developed by tech entrepreneurs, promises enhanced browsing speed, and safety. - The browser blocks third-party ads, provides localized language and content, and boasts a ‘Kavach’ feature for user privacy and data security. - Currently available for Android users in beta version, it allows incognito browsing, not retaining any history or site data. How to start a startup course: The world’s most comprehensive guide [NBW Newsletter Ad]( What we’ll delve into during this course is not just how to dream, but how to do. Starting a startup is not just about having a good idea; it’s a combination of focus, determination, iteration, and often, serendipity. [Enroll]( India’s mobile gaming industry expected to skyrocket with 97% market share 🇮🇳 IndiaTech - The overall Indian gaming market estimated to reach $1.6 billion by 2027, a compound annual growth rate (CAGR) of 10.1% in a five-year span. - The number of gamers in India set to reach 444.4 million in 2023, a 12.1% year-on-year increase. - An estimated 31% of Indian mobile gamers are expected to contribute to gaming revenue in 2023, with an average revenue per paying user of $6.38. GST Intelligence Directorate to Investigate 100 Online Gaming Firms for Tax Evasion 🇮🇳 IndiaTech - The Directorate General of GST Intelligence will investigate over 100 online gaming companies for possible evasion of goods and services tax. - This move follows the Supreme Court’s stay on a Karnataka High Court decision quashing a ₹21,000 crore GST demand on Gameskraft. - Investigations will be focused on companies that incorporate a money component in their gaming activities. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( India may abandon laptop import licensing in favor of import management 🇮🇳 IndiaTech - India likely to cancel plans for import licensing on IT hardware, instead opting for an import management system. - This new system will regulate IT product imports based on previous import value, domestic manufacturing, and further undisclosed criteria. - The government may end this system by 2030, and maintains focus on reducing reliance on foreign IT goods. Delta Corp Share Prices Plunge Upon Receipt of Massive GST Notices 📈 India Business - Share prices for Delta Corp fell by 20% in response to a GST demand of Rs 16,822 crore from the Directorate General of GST Intelligence. - The fall in shares has cost investors about Rs 842.69 crore, marking the second significant crash in three months. - The company and its subsidiaries have disputed the tax demands, describing them as ‘arbitrary and contrary to law’, and intend to seek legal remedies. India Ranks Fourth Globally in Substantial VC Investments for Startups 🇮🇳 IndiaTech - India surpasses UK in total VC and cumulative tech value investments, positioning fourth globally after the US, China, and UK. - Report highlights the advantage of local and global connectedness for startup growth, with high local index correlating to faster revenue growth. - Startup Genome’s report explores contributing factors to startup success, distinguishing between those achieving $50 million within 4-8 years. Indian TV Market Experiences Surge with Online Sales Leader; Streaming Sticks Decline 🇮🇳 IndiaTech - TV shipments in India saw an 8% YoY increase in the first half of 2023, due to frequent sales, new TV launches and clearing older inventory. - Online sales channels command a 39% market share, a 25% YoY growth, and larger screen TVs, particularly 55 inch are gaining favor, resulting in a 35% YoY growth. - Xiaomi holds a commanding 14% share of the TV market, followed closely by Samsung with 13%, and LG with 12%, while the trend of retrofitting non-smart TVs with streaming sticks sees an 85% decrease in shipments in the first half of 2023. Tesla’s Humanoid Robot ‘Optimus’ Capable of Self-Calibration, Performs Yoga 🇮🇳 IndiaTech - ‘Optimus’, Tesla’s humanoid robot, demonstrated self-calibration of limbs and performed yoga. - Alongside yoga, the bot performed tasks such as autonomous object sorting. - Tesla aims to build software that enables the bot’s interaction and navigation within the physical world. Frontline job creation in India drops 17.5% in FY23 amid macroeconomic troubles 📈 India Business - New frontline jobs declined to 6.6 million in FY23 due to macroeconomic issues. - Drop was found by a study of BetterPlace, with e-commerce and logistics seeing the largest shifts. - Rising gig-ification of the workforce improved women’s participation, but overall salaries decreased. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](