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Bengaluru-based Kreditbee reported a 20% fall in net profit to Rs 20.7 crore for the quarter ended September 30 from Rs 25 crore a year back. Its operational revenue jumped 73% to Rs 518 crore, but its expenses shot up 84% as well, driven by increasing cost of borrowing and impairment on financial instruments. Fintechs that typically cater to the riskiest segment of the country’s consumer base have seen their cost of borrowing go up. Industry insiders peg the increase to be anywhere between 125 basis points and 300 basis points, depending on the spectrum of operations.

The IT budgets of companies are most likely to be decided starting January or February when Donald Trump takes office. But most clients are cautiously optimistic. The banking and financial vertical, the biggest industry grouping for Indian IT, has seen a revival and will continue to see an uptick, said a top executive at a large IT firm. While the Republicans have generally been pro-business, the executive said the industry would look for cues on how things shape up.

Namma Yatri, mobility industry executives and investors said. OnNovember 27, the company launched its loyalty programme, Uber One, in India, offering monthly and annual plans to users. As part of the programme, Uber is offering up to 10% of the fare as credits to users hailing four-wheelers, three-wheelers and two-wheelers and booking parcel services on its platform. These credits are akin to cashbacks and can be redeemed on future rides. Globally, as of September 30, Uber One had 25 million subscribers, and according to the company, they spend more than three times compared with non-members.

Bashar al-Assad had fled to Moscow, adding that it was «surprised» by the rebel takeover. «As for Mr Assad's whereabouts, I've got nothing to tell you,» Kremlin spokesman Dmitry Peskov told journalists. A Kremlin source told Russian news agencies on Sunday that Assad and his family were in Moscow, hours after he fled the country as Islamist-led rebels entered Damascus. Assad's son has been studying in the Russian capital.

Prime Minister Narendra Modi said, while asserting that a large manufacturing base is important as the world needs an economy that continues to function strongly even during the biggest crises. Addressing the Rising Rajasthan Summit on Monday, Modi said development, led by the mantra of 'Reform, Perform and Transform,' is visible in every sector, and that every expert and investor in the world is very excited about India. He said the role of the PLI scheme — increasing manufacturing in India — is also expanding.

Jessica Simpson turns to Kim Kardashian for some divorce advice as she and Eric Johnson are having marital issues. Kim Kardashian has always been admired by Jessica Simpson. She has been receiving 'divorce tips' from the 'I Wanna Love You Forever' singer as she gets ready to pull off the Band-Aid and end her relationship with Eric Johnson. Jessica hasn't decided anything yet. She's still looking into her options and talking to her friends, especially the ones who have kids who have gone through a divorce. It’s really not something she wants to do, as quoted in a report by Life & Style. Her divorce from Nick Lachey was beyond tough, and there were no kids involved, so she knows this will be 10 times worse. Kim is very much front and centre, but Jessica has a lot of great women in her life who have circled to be there and guide her.

Iran has opened a direct line of communication with rebels in Syria's new leadership since its ally Bashar al-Assad was ousted, a senior Iranian official told Reuters on Monday, in an attempt to «prevent a hostile trajectory» between the countries. The lightning advance of a militia alliance spearheaded by Hayat Tahrir al-Sham, a former al-Qaeda affiliate, marked one of the biggest turning points for the Middle East in generations. Assad's fall as president removed a bastion from which Iran and Russia exercised influence across the Arab world. Hours after Assad's fall, Iran said it expected relations with Damascus to continue based on the two countries' «far-sighted and wise approach» and called for the establishment of an inclusive government representing all segments of Syrian society.

The average ticket price stood at $204, but demand pushed resale prices to an average of $2,952, highlighting Swift’s unmatched global appeal. These unprecedented figures nearly double the previous record held by Elton John’s Farewell Yellow Brick Road Tour, which earned $939 million over five years. Coldplay’s Music of the Spheres World Tour, the only other tour to surpass $1 billion, required two and a half years to achieve the milestone.

Subscribe to enjoy similar stories. Mumbai: Shaktikanta Das will step down as the 25th governor of Reserve Bank of India (RBI) on Tuesday, at a time when the war on inflation is ongoing and economic growth has taken a sudden slow turn. Union ministers Nirmala Sitharaman (finance) and Piyush Goyal (commerce and industry) had called for rate cuts after GDP growth slowed to 5.4% in the July-September quarter.

Mamata Banerjee on Monday expressed hope that the Indian foreign secretary's Bangladesh visit would be successful. «We expect the Indian diplomacy talks to be successful and expect peace to return,» she said. Speaking in the assembly, Banerjee gave a stern message to Bangladeshi politicians, especially after Bangladesh Nationalist Party leaders said at a public meeting in Dhaka that their country has legitimate claims over Bengal, Bihar and Odisha. «Those who are saying this do not have strength. We are conscientious citizens who are enduring the test of patience. When you capture us, do you think we will eat lollipops?» she said. She also urged people to remain calm and not get provoked by statements made in Bangladesh and slammed the Bangladeshi leaders for making provocative statements.

India also called for an inclusive Syrian-led political process that represents aspirations of all sections of the Syrian society that includes Alwaites (Hafez Al-Assad is an Alawite), Kurds and other minorities. In a clear-eyed statement, the external affairs ministry noted, «We are monitoring the situation in Syria in the light of on-going developments. We underline the need for all parties to work towards preserving the unity, sovereignty and territorial integrity of Syria. We advocate a peaceful and inclusive Syrian-led political process respecting the interests and aspirations of all sections of Syrian society. Our Embassy in Damascus is in contact with the Indian community, for their safety and security.»

China has achieved a huge and significant milestone in the field of quantum computing with the introduction of the Tianyan-504 which is actually a powerful 504-qubit quantum computer, reported Interesting Engineering. According to Interesting Engineering, the record breaking computer has been eventually developed through collaboration between the China Telecom Quantum Group (CTQG), the Chinese Academy of Sciences and QuantumCTek while at the same time this advancement includes the Xiaohong superconducting chip which eventually sets a domestic record for qubit count. Also Read: Is Kevin Costner the hottest bachelor in town? Women are desperate to date him and have this to say

According to the lawsuit, the girl, who had managed to enter the party, felt disoriented after consuming a drink. She alleges that Combs and Jay-Z, along with an unnamed female celebrity, assaulted her in a bedroom. The lawsuit seeks unspecified damages and is part of a broader effort by Buzbee, who stated he represents over 100 individuals with claims against Combs.

Sheikh Hasina has promised justice to the victims of excesses committed under the Yunus regime and recalled she stepped down to prevent politics over dead bodies. She virtually delivered the speech at an Awami League meeting, organised in London on Sunday night. Yunus will be brought to justice soon, Hasina said, accusing the chief advisor of the interim government of masterminding the murder of activist Abu Sayed during the agitation against reservation in jobs.

RBI since Chakravarthy Rangarajan had to firefight from day one. Sanjay Malhotra may be an exception. As Malhotra walks into Mint Street as the 26th guv, he doesn't face challenges like his predecessors did — a currency crisis, or a ruptured relationship with GoI. Instead, what lies before him are a stable economy that requires some fuel, a fit banking system that's looking to fly, and a financial market that's impatient to grow. After deft handling of the Covid crisis, surge in money supply led to spiralling of prices, forcing it to raise interest rates. But the dual mandate of growth and inflation needs MPC to consider lowering policy rates, as there are signs of inflation cooling and also because of the negative impact of high real interest rates. Malhotra has the ground laid out by the departing Shaktikanta Das, who has signalled that the next move could be a cut in rates. That the two external members of MPC have already voted for a reduction could make his job easier. While monetary policy and interest rates may keep RBI in limelight, its full-service nature — by which it regulates banking, NBFCs and currency markets — has even broader implications for the economy.

political parties to follow the procedure for protection of women at workplace under the 2013 POSH Act. A bench of Justices Surya Kant and Manmohan asked the petitioner to approach the Election Commission of India (ECI) with a representation for the application of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH Act). Senior advocate Shobha Gupta, representing PIL petitioner Yogamaya MG, said there were six national parties in the country that did not have a grievance redressal mechanism against sexual harassment in line with the directions of the apex court and the 2013 law. The PIL arrayed 10 political parties including six national level parties — BJP, Congress, BSP, CPI(M), National People's Party and AAP.

Himanta Biswa Sarma on Monday reshuffled portfolios of ministers following the induction of four new faces to the state cabinet. The four newly inducted ministers, who took oath on December 7, were assigned their portfolios on Monday. Rupesh Goala, MLA from Doomdooma, has been assigned the portfolios of the Labour Welfare Department, Tea Tribes and Adivasi Welfare Department, and the Home Department, with a specific focus on Prisons, Home Guards, and Civil Defence. Krishnendu Paul, MLA from Patharkandi, was given the portfolios of the Animal Husbandry and Veterinary Department, the Fishery Department, and the Public Works Roads Department.

Bella Hadid in the latest episode of Yellowstone which aired on December 8, Sunday. The episode, just before the season five finale, marked the 28-year-old model's second scripted acting role. Bella Hadid played a character named 'Sadie', the girlfriend of Travis Wheatley, portrayed by the show's creator Taylor Sheridan. ALSO READ: Yellowstone Season 5 Part 2: Final episodes to be out on this date. Here's where you can watch them.

Jill Biden. And who is able to resist that? According to President-elect Donald Trump, who is marketing his Fight Fight Fight line of fragrances for men and women, not even your enemies. With the humorous caption, «A fragrance your enemies can't resist,» Trump posted a photo of himself and first lady Jill Biden having a nice conversation on Truth Social on Sunday. They were seated one seat apart when the picture was taken on Saturday at the reopening of Paris's gothic masterpiece, Notre-Dame Cathedral, as quoted in a report by USA Today.

Shaktikanta Das concludes his tenure as the 25th Governor of the Reserve Bank of India (RBI), he leaves behind a legacy characterised by deft crisis management, steady policymaking, and an unflinching focus on India’s economic stability. Appointed in December 2018, Das took charge of the central bank at a critical juncture, navigating challenges ranging from the aftermath of demonetisation to a global pandemic that upended economies worldwide. He is set to demit office on December 10, 2024 as Sanjay Malhotra is set to succeed him as the 26th RBI boss on December 11, 2024 for a period of three years.

The report highlights the dynamic nature of India's job market, where artificial intelligence, machine learning, and automation are becoming integral. «While global trust in governments to support upskilling remains low at 20 per cent, Indian respondents (31 per cent) and those in Saudi Arabia (35 per cent) demonstrated significantly higher confidence in their governments.