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KYC process with a bank, the CEO added. “For small sellers, the dual KYC can be expensive and will increase the cost so much that most players will stop serving small online merchants. These include people selling on Instagram and Facebook, where the value and volume of transactions are small," said the CEO.

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles

U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court

Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles

Moroccan officials are aiming to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers

Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolising a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver's seat, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solution (IAS) business unit, said during an event ahead of the Beijing auto show.

Elon Musk makes multiple promises to investors, analysts for Tesla: Electric vehicle (EV) manufacturer Tesla saw its first-quarter net income plummet by 55 percent, in results released on April 23, AP reported. The stock has however soared 11 percent in after-trading hours after CEO Elon Musk announced plans to accelerate the production of new, more affordable vehicles, the report said. Notably, this boost comes amid a challenging year for Tesla, with its stock declining by over 40 percent since the beginning of the year.

Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins. Last week, Tesla announced a more than 10% cut in its global workforce under pressure from dropping sales and an intensifying price war among EV makers, without revealing the number of employees the job cuts would impact.

ICICI Prudential Life Insurance reported a 26% decline in net profit at ₹174 crore during the fourth quarter. During the same period last year, the company reported a net profit of ₹235 crore.

HSBC is taking its ultra-high-net-worth ambitions to a new level as it plants a flag in the Big Apple.

content consumption and on-demand viewing getting more prevalent, say industry executives. Having lost customers to over-the-top (OTT) platforms, traditional TV distribution platforms are looking at bundled services to retain customers. In 2023, the domestic pay TV industry lost two million customers, according to a Ficci-EY report. Telecom operators Bharti Airtel and Reliance Jio have been bundling data and content for several years. Among standalone players, DTH company Tata Play has been bundling linear TV and OTT offerings for subscribers through a single billing.

₹31,428 crore in advertising, making it the largest category to advertise, according to a 2024 report by Dentsu and Exchange4Media. FMCG firms account for a third of all advertising spends in India. "It is directionally very good because the Supreme Court is looking at a larger ambit now.

Tata Elxsi’s net profit declined by 4.5% sequentially at Rs 197 croreore, in the final quarter of FY24. Dragged down by its falling margin that dropped by 100 basis points (bps) on-year and a one-time ramp-down, the tech firm’s net profit was also down by 2.3% on-year. The engineering service provider also saw its Q4 revenue at Rs. 905.9 crore, down by 0.9% QoQ. This the first time after Q1 of FY21, where the company saw a sequential revenue decline. For the full fiscal its revenue grew by 13% on-year at Rs 3,552 croreore. Tata Elxsi said that it was impacted by its media and communication vertical which declined by 4.6% in constant currency terms in Q4 and also saw a one-time ramp-down by a customer.

Advisor360, a prominent software provider for wealth management enterprises, has announced succession in its leadership as it taps a distinguished industry veteran.

National Asset Reconstruction Company Limited (NARCL), Srei Infrastructure Finance Limited (SIFL) on Tuesday announced the appointment of Hardayal Prasad as its new Managing Director and CEO. Prasad, with 36 years of experience, is a former Managing Director & CEO of SBI Cards & Payment Services Ltd and PNB Housing Finance Ltd, a company statement said. The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.

floods. «After the heaviest rainfall the UAE experienced in 75 years Dubai Airports is making remarkable strides in restoring and normalising operations at Dubai International Airport (DXB),» a statement from Dubai Airports said.

Fractional ownership platforms have started the process of registering under SM REIT regulations, a month after Securities and Exchange Board of India (SEBI) notified these rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets, rental housing, warehousing, and hotels. Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. “With Sebi notifying amended regulations for SM REITs, investors can now have ownership of rent-yielding real estate assets by making a minimum investment of Rs 10 lakh. The move will help enhance transparency and boost participation of both domestic and foreign retail investors thereby leading to better liquidity in the market,” said Umesh Sahay, founder & CEO, EFC (I) Ltd.

Rep. Buddy Carter, R-Ga., criticizes Biden's renewable energy and spending policies, as well as anti-Israel protests surging across esteemed college campuses.

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₹5,069 crore. The revamp involves the daunting task of resettling an estimated million people. The ongoing survey, based on which home eligibility for the slum dwellers will be decided, is critical for the project’s future, and for that, the support of Dharavikars is key.

Dextrus, a leading name in the co-working space market, has announced its third facility at One BKC in Bandra Kurla Complex in Mumbai. The launch marks the third center of Dextrus in the city and the second center in BKC.