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09.12 / 00:55
UPS Provident Platform security show information Videos Financial institutions double down on more checks for tech partners
Signzy. Bengaluru-based Signzy is a regulatory technology firm which offers digital customer onboarding technology to banks, financial services companies and other businesses. It helps in customer identity verification, processing electronic signatures, bank statement analysis and offersother such services. Its platform is used in account opening, credit disbursal, processing investments and also in the insurance industry. The firm suffered a massive data breach a week ago, resulting in hundreds of gigabytes of data of customers of mutual fund firms, banks and credit card companies getting leaked in multiple hacker forums.
09.12 / 00:55
Platform security TikTok President 2020 Courts What lies ahead as TikTok ban looms in US
TikTok, which was banned in India in 2020, is now a step closer to meeting the same fate in the United States. A US federal court last Friday rejected TikTok’s appeal challenging a law requiring it to divest from its Chinese parent company or shut up shop next month. ET explains the case and what’s in store for the platform. Why does the US government want to ban TikTok?
09.12 / 00:55
markets UPS IPO Aware Platform security reports Reverse flip in cart, Flipkart plans IPO delivery in 12-15 months
Flipkart, India’s largest ecommerce firm valued at $36 billion, is preparing for an initial public offering (IPO) in the coming year with a definite timeline of 12-15 months, multiple people aware of the development said. The proposed listing, which is likely to be the largest share issue by a new-economy company, will mark a seminal moment for the country’s startup sector that is now regarded as the third largest worldwide. The Walmart-owned firm has secured internal approvals to move its domicile from Singapore to India, regarded as a first step to an IPO, and is targeting a public sale of shares by the end of the next calendar year or within the first quarter of 2026, people in the know told ET. “The process has begun and there is clear understanding that in this timeline the company should be public,” one of the sources said.
09.12 / 00:55
markets COST UPS Waves economy Trade Spectre of Trump spurs a final round of rate moves
Central banks on four continents will make a final flurry of changes to borrowing costs in the coming week, before Donald Trump's return to the White House raises the prospect of global trade turmoil. By the time policymakers from Australia, Canada, Brazil and the euro zone convene for their first scheduled meetings of 2025, the US president-elect will have taken office, and a potential wave of tariffs could be closer to reality. The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.
09.12 / 00:55
Provident Digital track information reports Schools Satellite imagery help banks assess farmers' income, repayment capacity
AgriStack initiative, for rolling digital farm lending in Uttar Pradesh for its eight crore farmers, the State government is currently working with the International Finance Corporation for providing APIs of the state’s land records and farm boundaries to SatSure and a couple of other companies. Bengaluru-based Space tech company SatSure provides satellite-based risk scoring and ratings reports at both farm and village level. It extracts patterns from satellite imagery using AI algorithms which can identify what crop is growing within a land parcel. It tracks changes in health, productivity, and provides insights on how these changes are related to climatic variables like rainfall, temperature, and humidity. These insights help banks understand the farmer’s income from the land and his ability to repay a loan.
09.12 / 00:55
Citi Racing Software Experts Schools International Race for GCCs now in heightened state(s)
global capability centres (GCCs) in India, states are eager to grab a piece of the action. Madhya Pradesh, Uttar Pradesh, Telangana and Andhra Pradesh are among those drafting their own GCC policies to attract multinationals with incentives to create back-office hubs outside the traditional hot spots of Bengaluru and NCR. In August, Madhya Pradesh chief minister Mohan Yadav travelled to Bengaluru to meet industry leaders to showcase the state and discuss expansion plans. He also extended invitations for Regional Investor Conclaves across the state as well as the Global Investors Summit 2025 in February, said people aware of the matter. Uttar Pradesh has already drafted a policy that highlights its «strategic location, young workforce, and rapidly developing infrastructure, (which) is well-positioned to benefit from this growth.» The state aims to attract GCCs «by focusing on infrastructure development, talent enhancement, and financial incentives.»
09.12 / 00:55
markets Digital CEO Strategy economy Trade innovations ET CEO Roundtable: Elite panel to talk ways to thrive in a changing world
How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.
09.12 / 00:55
markets Strategy Analysis Trade Experts stars rights Stocks in news: Ultratech, Paytm, L&T, Biocon, Alembic Pharma
Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal.
09.12 / 00:55
markets Analysis Sustainability wellness trends Trade Experts Bullish breakout to take Nifty higher: Analysts
Technical indicators point to a bullish trend as the Nifty breaks out of a five-week consolidation, paving the way for an extended rally toward 25,200 in coming weeks, according to analysts. Stocks like Reliance, SBI, Infosys, L&T, Axis Bank, PFC, Titan, National Aluminium, Natco Pharma, MCX, CDSL, BSE, and Indian Hotels are poised for short-term upside, they added.
08.12 / 19:25
markets COST Strategy Software Experts New Year, New Prices: Automakers announce January price hikes amid rising costs
Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India partner Rajat Mahajan said.
08.12 / 19:25
markets Booking CEO Strategy Software awards travelers Ixigo eyes faster growth in hotels, flights & buses
Online travel agency (OTA) Ixigo is sharpening its focus on hotels besides doubling down on flight and bus bookings, said group CEO Aloke Bajpai. «Post Covid, we have been the fastest growing OTA. At this point, we have a mid-50s kind of a market share in trains. The next player would be one third of our size,» Bajpai told ET in an interview. «We want to continue growing with the market. But for flights, buses and hotels, there is an opportunity to grow faster than the market,» he said.
08.12 / 19:25
markets IPO Strategy Software Experts electronic exclusive LG India worried about competition from parent Company
LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.
08.12 / 19:25
markets Platform Strategy Software Food Experts PAM Restaurants body cautions members of aggregator disruption in dine-in space
National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.
08.12 / 19:25
markets CEO Strategy Software Experts PAM reports Religare's Rashmi Saluja 7th highest-paid CEO at over ₹68 crore in FY24
Rashmi Saluja, the executive chairperson of Religare Enterprises, earned ₹68.86 crore in gross remuneration in FY24, according to the company's annual report released on Saturday. This makes her the third-highest-paid professional to head a company in the BFSI (banking, financial services, and insurance) sector in FY24 and the seventh-highest overall in India, surpassing the gross remuneration of Infosys CEO Salil Parekh, L&T's SN Subrahmanyan and Satish Pai of Hindalco. In the BFSI sector, Abhay Bhutada, the former managing director of Poonawalla Fincorp took home ₹241 crore in FY24 while Rajeev Jain of Bajaj Finance earned ₹101 crore.
08.12 / 19:25
markets Strategy Software Enterprise Experts PAM Need to go beyond 'band-aid' to address liquidity: Economists
RBI) will have to infuse more liquidity into the banking system through additional measures as the expected impact of the 50-basis-point cash reserve ratio (CRR) cut announced Friday will likely wane within a few months, economists said. The central bank will likely use other liquidity instruments, like open market operations (purchases), foreign exchange swaps, and long-term variable rate repo auctions (VRR), they said. The RBI in its policy statement on Friday said that it will continue to be 'nimble and proactive' in its liquidity management operations to ensure that money market interest rates evolve in an orderly manner. Speaking to the media soon after announcing the policy, Governor Shaktikanta Das declined to give more details on the likely liquidity operations by the RBI.
08.12 / 19:25
Gap Strategy Software awards trends show prevention Banks unlikely to offer higher deposit rates after CRR cut
cash reserve ratio (CRR) should ensure the lenders have sufficient liquidity to meet financing demand until the end of FY25. Bankers said slower credit growth has narrowed the gap between credit and deposits. Additionally, the ₹1.16-lakh-crore liquidity infusion through a lower CRR threshold will prevent deposit rates from climbing. Bankers said that deposit rates are now near their cyclical peak, and special deposit mobilisation schemes may not be revised at the end of this fiscal year.
08.12 / 19:25
Digital Strategy Software SPY show audience reports Sweetpea Season 2: Is the release date of the second installment revealed?
Sweetpea can rejoice as the series has officially been renewed for a second season. The announcement comes after the success of the first season, which premiered in October and quickly captivated audiences with its bold storytelling. Sweetpea follows the chilling journey of Rhiannon Lewis, a seemingly quiet woman whose inner turmoil manifests in a vengeful spree of murder.
08.12 / 19:25
markets Strategy Remark Experts reports rights IPL a bigger hit, revenues surge
IPL) is on a remarkable growth streak, with the top 10 franchises seeing their combined revenue more than double to ₹6,797 crore in FY24 from ₹3,082 crore in the previous year, according to financial data from Tofler. Experts attributed the surge to the league's soaring commercial appeal, powered by smart media partnerships and lucrative sponsorship deals. The primary catalyst for growth was the record ₹48,390 crore media rights deal signed in 2022 between the Board of Control for Cricket in India (BCCI) and Disney Star and Viacom18, who have since combined to form JioStar.
08.12 / 19:25
markets Blockchain UPS economy President Bitcoin innovations Open dialogue and collaboration can drive regulations that ensure safety and foster crypto innovation: Bitget COO Vugar Usi Zade
ET. The executive, who was in India last week, mentioned that Bitget has been actively engaging with regulators over the past few months to obtain the necessary approvals for its local operations. In a conversation with ET’s Vinod Mahanta, Zade discusses Bitget’s plans for India, the impact of the Trump presidency on cryptocurrencies, the ongoing bull run, and the evolving role of crypto in a post-AI world. Edited excerpts: Q) Do you think that crypto has a future in countries like India where regulators are not in favour of digital currencies? As a company, we firmly believe that having regulations is far better than having none at all. Recently, I’ve had the opportunity to engage with some regulators in India, as compliance is a key priority for us. Binance has recently secured registration to operate in India and we are looking forward to getting ours from authorities.
08.12 / 19:21
markets UPS Trade show Inside reports The first big bank will report bonuses next week and they're up 16%
Royal Bank of Canada reported its results today. Insiders say it won't announce its bonuses until next week. When it does announce bonuses, they could a pleasant surprise. 
08.12 / 19:21
UPS FIVE JPMorgan Deloitte wellness love The Top Ten Ideal Professional Services Employers, 2024
The 8,000 people that voted in our Ideal Employer survey love banks. They even selected a bank as their overall Ideal Employer: JPMorgan. There were an additional five banks in the top ten. But not everyone interested in financial services wants to work at a bank.

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