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21.11 / 03:37
Action Racing Bill information reports Discrimination inequality Class action lawsuit on AI-related discrimination reaches final settlement
A federal judge has signed off on a settlement agreement Wednesday in a class action lawsuit alleging that an algorithm designed to score rental applicants discriminated on the basis of race and income
21.11 / 02:41
COST UPS Provident Digital Software students Traffic What ChatGPT’s corporate victims have in common
Subscribe to enjoy similar stories. In less than four years the share price of Chegg, an online education service, has dropped by 99%. A post-pandemic slump in digital learning is partly to blame for its tumble.
21.11 / 02:41
UPS Platform Reddit Bill Instagram information Reddit fixes widespread outage affecting thousands in the US
Snapchat, Reddit, X, and Instagram platforms could be fined up to 50 million Australian dollars (USD 33 million) for their systematic inability to stop young children from creating accounts.Rowland informed Parliament, "This bill aims to establish a new normative value in society that using social media is not the defining characteristic of growing up in Australia."Last month, Reddit, a company that went public in March, announced its first profit. In addition, the number of daily users on the site increased by 47% to 97.2 million over the previous year..Reuters reported that revenue in the September quarter rose 68% to $348.4 million, beating analysts’ estimate of $312.8 million.
21.11 / 02:41
security Election Trade War country India welcomes Donald Trump’s second term
Subscribe to enjoy similar stories. Some countries have greeted Donald Trump’s election with despair. In India, the dominant feeling is hope.
21.11 / 02:41
Election Mint Quick Edit It’s advantage BJP: So say exit polls
Subscribe to enjoy similar stories. The latest round of state elections seems to have gone the Bharatiya Janata Party’s (BJP) way. Most exit polls project that alliances led by India’s ruling party will emerge victorious in Maharashtra and Jharkhand.
21.11 / 02:41
UPS FIVE Strategy 2020 International bowling Looking for the smartest IPL auction strategy
Subscribe to enjoy similar stories. The Indian Premier League (IPL) laid out a level playing field through player auctions from the very outset in 2008. Every team has a fixed purse, ensuring that the richest franchises cannot dominate the league simply by buying the best players.
21.11 / 02:13
markets COST UPS Provident Metro Food President Metro marks end of ‘transition year’ with small profit dip
Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year.
21.11 / 02:13
markets COST Action Food wellness Courts Investigations Two Canadian food companies sued in U.S. over ‘potato cartel’ allegations
Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.
21.11 / 01:59
markets UPS Citi Booking wellness Trade Beloved Credit Suisse MD finally leaves UBS in Singapore with his job done
There are few industries that reward a job well done with a big pay package and termination. Banking is one of them.
21.11 / 01:59
UPS Citi Enterprise PwC Celebrity reports Citi's apparent demotion of Anand Selvakesari is not what it seems. It's complicated
Anand Selvakesari (Selva) has been the chief operating officer of Citi since March 2023. He isn't popular with all his colleagues, but anyone celebrating his downfall might want to put the party hats away.
21.11 / 01:59
UPS CEO economy Limelight reports Interviews Marc Rowan: the humble Apollo CEO who would be US Treasury secretary
Marc Rowan, the Apollo Global Management CEO, may soon be US Treasury Secretary. The Financial Times reports that he's the preferred candidate for the job. Bloomberg says that Rowan has his Treasury Secretary interview today, along with former Federal Reserve Governor Kevin Warsh.
21.11 / 01:21
Crypto Gems: Top crypto assets to watch & buy in November 2024
Given the bullishness, we explore some emerging narratives in crypto and identify potential gems that could yield good returns in the coming months. Remember, the crypto market is inherently volatile, and it's crucial to conduct your own research and understand the risks associated with each investment.
21.11 / 00:53
Platform electronic Moksha buys Arzooo assets in distress deal
distribution and supply chain company Moksha Group has acquired business-to-business consumer electronics startup Arzooo's assets, the companies said in a joint statement on Wednesday without disclosing the size of the deal. The distress deal comes months after Arzooo's unsuccessful attempts to raise new capital or merge with bigger rivals. The Bengaluru-based startup, founded by former Flipkart executives Khushnud Khan and Rishi Raj Rathore in 2016, had raised $80-90 million and was backed by likes of Celesta Capital, Japan's SBI Holdings and Doordash founder Tony Xu.
21.11 / 00:53
markets Citizens security Strategy Sustainability Experts track Gautam Adani incited in US over role in alleged bribery, fraud
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion of profit over 20 years. According to an indictment, some conspirators referred privately to Gautam Adami with the code names «Numero uno» and «the big man,» while Sagar Adani allegedly used his cellphone to track specifics about the bribes. Prosecutors also said the Adanis and another executive at Adani Green Energy, Vneet Jaain, raised more than $3 billion in loans and bonds for that company by concealing the corruption from lenders and investors.
21.11 / 00:53
markets UPS security Experts show country Mutual help: AssetPlus and ZFunds receive venture capital support
direct mutual fund distributors like Groww grab market share, traditional offline financial distributors are increasingly searching for their own technology stack to remain relevant and grow. Chennai-based AssetPlus and Gurugram’s ZFunds are tapping into that opportunity. They are working with these offline agents, providing them with a technology stack to help them offer the best investment advice and products to their clients. Venture funds are opening up to backing them too. According to two people in the know, ZFunds is in talks with Elevation Capital to lead a Rs 25 crore equity funding round, which will be its first institutional funding round.
21.11 / 00:53
markets UPS Digital Strategy Experts reports Exclusive: Valuation cut at Groww in domicile flip back exercise; Razorpay may undergo similar reduction
The exercise is directed at minimising the tax burden in the US, where there is a provision to lower FMV taking into consideration various parameters such as stocks issued at lower prices, legal experts said. Another large fintech, Razorpay, which has sought board approval to move its domicile to India, may see a similar 30-40% cut in fair market value, said a person close to the matter. The final number may differ as the math on the tax outgo will depend on calculations involving the delta between common and preferred stock and total fundraising over the years. Preferred stock or preference shares come with a number of benefits not available to holders of common stock.
21.11 / 00:53
markets Analysis Research Trade Experts country Commentary BoB, Axis plan to raise Rs 6,500 crore via bond issues
Bank of Baroda and Axis Bank are considering raising funds totalling ₹6,500 crore through bonds to boost their capital base, said market sources. State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.
21.11 / 00:53
markets COST security Analysis Fitch Trade Experts Vedanta Resources may raise $1.2 billion to refinance debt
Vedanta Resources (VRL) plans to raise $1.2 billion in the near term through senior unsecured notes to refinance existing debt and improve its financial position. The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.
21.11 / 00:53
markets Strategy Sustainability Experts show stage reports Almost 45% with seed funding are second-time founders: Report
Jungle Ventures. At $1.2 million, the median funding raised by these companies is three times the overall median of $0.4 million, it said. These founders are raising significantly more funds than those by first-time entrepreneurs, and their businesses are largely concentrated on the top-ten funded sectors, such as fintech, retail, enterprise and healthtech, said the report, titled ‘The First Cheque Report 2024’. «Despite whatever has happened as first-time founders, these people are coming back and starting a second startup. These second-time founders are still pursuing their ventures instead of going back to corporate jobs and are raising money,” Jungle Ventures founding partner Amit Anand said.
21.11 / 00:35
WhatsApp Trade Bitcoin social $94,000 Bitcoin hits fresh record high
crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $94,291 just under a record high of $94,378.
21.11 / 00:35
markets Art Analysis WhatsApp trends Trade Experts Affluent investors too feel the pinch as markets turn wobbly from lofty highs
According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.

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