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Fantasy gaming platform Dream11's parent firm Dream Sports is testing a new app, Dream Money, to foray into the financial services sector, sources aware of the development said on Sunday. Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games. "Dream Money has been under pilot for the last few months. The platform has not been launched yet," a source aware of the development said. As per information available on Google Play Store, the app will offer gold purchase service on a daily basis, starting from Rs 10 per day and fixed deposits starting from Rs 1,000. According to the source, the official name of the new platform is "Dream Suite Platform Private Limited". The app has been published by a Dream Sports entity, Dreamsuite. The website of DreamSuite shows that DreamSuite Finance will be launched soon to offer "seamless financial services". An email query sent to Drea
Jio Financial Services Ltd (JFSL) on Monday said taxpayers can take assistance of JioFinance App for filing their returns as it has launched planning and filing module on its platform. Aimed at making tax planning and income tax return (ITR) filing simpler, smarter, and more affordable, the new feature has been developed in partnership with TaxBuddy, an online tax filing and advisory service, JFSL said in a statement. The tax filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as Rs 24 for self-service options, and Rs 999 for assisted options. The module includes two core features -- tax planner and tax filing, it said, adding that the tax filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping customers save taxes by ensuring deductions under sections like 80C and 80D are not missed, and eliminating over-reliance on costly intermediaries. The tax plan
Executives of tech giants Meta and Google did not depose before the Enforcement Directorate (ED) as scheduled on Monday and have now been given fresh summons for July 28 in a money laundering case linked to promotion of "illegal" online betting and gambling platforms, official sources said. It is understood that the representatives of the two companies sought deferment of the July 21 summons, saying they need time to collect relevant information and documents before they present themselves for questioning and recording of their statements at the federal probe agency. Sources said the executives have been given a one-week extension and asked to depose on July 28. Once they depose, their statements will be recorded under the Prevention of Money Laundering Act (PMLA), the sources said. There was no immediate response from the two companies. The federal agency is probing multiple platforms hosting illegal betting and gambling links, including instances of advertisements placed for the
The digitally-native, app-first Gen Z cohort is assuming the centre stage in India's consumer markets by scripting "big shifts" in consumption trends, including the rise of quick commerce delivery and direct-to-consumer brands, according to a report by Bernstein. Brands are seeking a deeper connection with this digitally-native, app-first generation that 'swipes up' for practically everything from social media to ride-hailing and food delivery. Indian Gen Zs' are the world's largest, the report said about the cohort born into a digital age, that shops, works and eats online. Gen Z is the generation born between 1996 and 2010. Indian Gen Zs make up 20 per cent of the world and about 27 per cent of India's population, it noted. Gen Zs have become the "Swipe Up" generation considering the amount of time they spend on social media. They swipe up for practically everything - social media, ride-hailing, and food delivery, according to Bernstein's report on 'India Internet'. Gen Zs are .