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Facebook To Create Its Own Cryptocurrency

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There is a lot of buzz recently about Bitcoin, cryptocurrencies and blockchain technologies. Back in January, Mark Zuckerberg expressed his interest in learning about cryptocurrencies. The social media giant, Facebook, is looking forward to developing the software named blockchain. It is the technology behind the infamous, Bitcoin. Blockchain technology is  safe and secure which makes it easier to use in anonymous transactions, like cryptocurrencies. The purpose of the development of the blockchain software is to make transactions more trustworthy and it will be encrypted in order to prevent unauthorized access.

The development of blockchain would be led by the vice president of Facebook, David Marcus. Earlier, he was handling the Messenger platform of Facebook. However, from now on, he will be shifting his focus toward developing and leading the blockchain division of the company. As the former president of Paypal, Marcus definitely has immense experience in payment related services. Alongside, he will also be joined by remarkable executives including Kevin Weil, former Vice President of Product at Instagram and James Everingham, Vice President of Engineering at Instagram.

David Marcus posted on Facebook,

After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,

So, How Does Blockchain Work?

Blockchain is a public digital ledger recording software system that is decentralized and transacts over many computers, in a set of data blocks. Every single block records a time stamp and all other subsequent transactions cannot be altered without erasing the transaction previously up the chain.

For instance, think of a purchase you recently made,  like a car. You pay the dealer to get the car. Blockchains distribute the data across a group of computers. It is a network of computers uses blockchain technology which together manage the database that records Bitcoin transaction. If one party sells an asset to another, each sees the same data.  Facebook is in talks with multiple companies including Microsoft. At the recently held Microsoft Build 2018, Facebook showed it is keen in building up the Azure Blockchain Workbench. It is a new tool that is supposed to reduce the time it takes businesses to build blockchain applications on top of existing blockchain infrastructure.

There are interesting uses of this technology, one of the most important being the notion businesses can create currencies for their services. Nevertheless, Facebook wants to prevent its users from falling for fraudulent cryptocurrency schemes.

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Apple Achieves 13% Growth in India with $9 Billion Sales and New Flagship Stores in FY25

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Apple

Apple has set a new benchmark in India, recording $9 billion in annual sales for FY25—a 13% surge over the prior year, fueled chiefly by robust demand for iPhones and MacBooks. The tech giant’s strategic expansion into Bengaluru and Pune with new flagship stores has deepened brand engagement and increased accessibility for customers across urban centers.

Apple’s rapid retail footprint expansion and locally tailored initiatives, including student discounts and trade-in offers, overcame price barriers and high import duties to drive sales volumes to unprecedented heights. Meanwhile, local production reached new highs, with 20% of iPhones now assembled in India and manufacturing output up 60%, valued at $22 billion part of Apple’s move to diversify its global supply chain.

India is now Apple’s fourth-largest market worldwide, reflecting its rising role as both a consumption and manufacturing powerhouse for premium tech. Continued investment in retail outlets, partnerships with Tata for device repairs, and consumer-friendly financing have positioned Apple for even stronger growth as Indian incomes and technology aspirations rise.

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OYO Achieves Record Profitability in FY25 with Deferred Tax Boost and New Corporate Identity

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OYO

OYO, India’s leading hospitality startup, has retained strong profitability in FY25, driven by a significant deferred tax gain and a bold corporate identity overhaul. The company’s net profit surged to ₹623 crore, marking a 172% year-on-year growth, with adjusted EBITDA reaching ₹1,132 crore a 27% increase from the previous fiscal. Total revenue rose by 20% to ₹6,463 crore, propelled by strategic expansion in premium segments and the integration of G6 Hospitality into OYO’s growing portfolio.

The deferred tax gain of ₹765.6 crore played a crucial role in OYO’s profitability for FY25, helping overcome challenges from operational losses and global expansion costs. Meanwhile, OYO launched a campaign to rename its parent company, Oravel Stays Ltd, aiming for a tech-first, globally resonant brand identity as the business prepares for its IPO. This rebranding signals OYO’s shift toward broader urban living solutions, with the “OYO Hotels” brand remaining unchanged for consumers while the corporate entity targets premium and tech-driven markets worldwide.

OYO’s premiumization strategy and aggressive international growth have led to record results for the fourth quarter of FY25, with gross booking value surging 54% to ₹16,436 crore and revenue hitting new highs. These achievements highlight OYO’s disciplined financial management and commitment to innovation, setting a benchmark for Indian startups navigating global expansion and sustained profitability in the hospitality technology sector.

 

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MPL to Lay Off 60% of India Workforce Following Online Gaming Ban

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MPL

Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.

India contributed nearly half of MPL’s revenues, estimated at around $100 million in the 2024-25 fiscal year. With the ban on paid gaming, MPL’s primary revenue source in India has been effectively cut off, prompting the company to shift focus towards free-to-play games and expand its presence in overseas markets such as the United States and Brazil. Despite the layoffs, MPL has pledged to support the affected employees through the transition period. CEO Sai Srinivas expressed regret over the downsizing but highlighted the company’s commitment to developing new business models for the Indian market amid the regulatory changes.

This development significantly disrupts the Indian online gaming industry, which was on track to grow into a $3.6 billion sector by 2029 before the introduction of the ban. While competitors like Dream11 have adapted by discontinuing paid games and avoiding layoffs, the ban has forced many gaming startups in India to rethink their operations. The government’s regulation targets all games involving real money stakes, including fantasy sports and popular card games like rummy and poker, reshaping the future landscape for the country’s gaming ecosystem and its workforce.

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