5287: 18% GST on UPI MDR, Rentomojo’s IPO mojo and more | MC Tech3

On this episode of Tech3 from Moneycontrol, we shine a light on Semicon 2.0, India’s flagship semiconductor event, 18% on UPI MDR and Renotmojo’s IPO pop. Listen in

On this episode of Tech3 from Moneycontrol, we bring you takeaways from a detailed interview with PhonePe CEO Sameer Nigam on MDR, TCS’ move to consolidate its office presence in Bengaluru, and why Sharrp Ventures is sharply focussed on India’s booming consumer economy.

The year is 1999. A rugby match sows the seed of a community programme that grows into a national movement. Magic Bus India Foundation is now one of the leading NGOs for education and skilling. It has carved a path dotted with milestones, transforming over 5 million young lives in the last 27 years of its work. But the challenges facing India in the years ahead are unlike those of the past. A new generation of Indians is entering public life. They have degrees, are aspirational, and are hungry for meaningful employment. Magic Bus India Foundation fills this critical gap, acting as a bridge from school to work. The foundation understands that if India is to harness its demographic dividend rather than see it become a demographic risk, the choices we make today will matter for decades to come. On this show, Jayant Rastogi, Global CEO of Magic Bus India Foundation, speaks to host Gaurav Choudhury about why investing in young people is not just a social responsibility but a core corporat

On this episode of Tech3 from Moneycontrol, we tell you about UPI MDR fixed at 0.4% for transactions over Rs 2,000; capped at Rs 300 per transaction for transactions of Rs 75,000 At around 40 bps MDR, the ecosystem could generate up to Rs 16,000 crore in revenue annually. We also shine a light on what went down at Sugar cosmetics, the layoffs sweeping through Oracle India and an AI startup that counts Shah Rukh Khan as an investor Tune in

In this episode of Tech 3, we look at four major technology developments shaping India and the global tech landscape. India’s GST Council may consider relief for Global Capability Centres providing services to overseas entities, while leading AI figures call for a slower and safer approach to frontier AI development. We also explore India’s plans to connect its CBDC with partner countries for faster cross-border payments, and the government’s move toward agentic AI through a proposed AI assistant for DigiLocker.

Whatfix names co-founder Vara Kumar as CEO following the passing of co-founder Khadim Batti. Meanwhile, India’s data-centre boom accelerates, raising questions about power, water and community impact as the US grapples with the costs of rapid expansion. Plus, Temasek's India bets continue to shine and how Groww outpaced peers in August.

On today’s Tech 3, we cover the biggest developments shaping India’s startup and technology landscape: Pixxel.and Nua’s latest funding and expansion plans, and a fresh wave of investor interest in India’s premium consumption startups. We also look at the Karnataka IT Secretary’s priorities for India’s digital and technology ecosystem, and explore how wealth-tech platforms are changing the way Indians invest and manage money.

In today’s Tech3 from Moneycontrol, we look at Nvidia’s $12.93 billion deal for Hugging Face and its bet on open AI models, nearly Rs 27,000 crore worth of startup stock block deals as VCs cash out, Slice’s $100 million fundraise at a sharply lower valuation, Pocket FM’s return to microdramas with Pocket Saga, and PayPal’s job cuts in India amid a global restructuring.

In today's Tech3 from Moneycontrol- Zerodha is moving beyond broking with SEBI approval to enter merchant banking, bringing its low-cost, no-hard-selling philosophy to IPOs and investment banking. Meanwhile, Flipkart is betting on micro-dramas to bring entertainment closer to commerce - turning viewers into shoppers. We also look at the race for AssamSat, as India’s private space companies compete to build an earth-observation satellite for Assam, and explore the rapid rise of online bonds as retail investors look beyond equities.

In today’s Tech3 from Moneycontrol, we look at the proposed $103,000 H-1B fee and what it could mean for global tech hiring, FirstCry’s market value falling below $1 billion, fresh funding talks in India’s semiconductor sector, the RBI’s September 15 merchant re-KYC deadline, and nearly Rs 6,000 crore worth of institutional trades in Lenskart and Eternal. We also remember Whatfix co-founder and CEO Khadim Batti, who passed away today.