Digital Financial News

Westbridge Capital Management offloaded 2% of its holding in Nasdaq-listed software-as-a-service (SaaS) firm Freshworks during the July-September period, according to a filing made with the US Securities and Exchange Commission (SEC). The investor sold 275,000 shares of Freshworks during the quarter and currently holds a little over 4% stake worth $221 million in the California-based company. Freshworks’ shares last traded at $16.54 on Thursday – 34% lower than the company’s 52-week high price of $24.97.

defamation case against Delhi Chief Minister Atishi. Special Judge Vishal Gogne stayed till further orders the proceedings before a magisterial court, which had summoned Atishi on a complaint filed by a BJP leader accusing her of defaming him. The special court passed the order on an application filed by Atishi, who had challenged the magisterial court order summoning her in the case. «It is directed that the proceedings before the trial court shall remain stayed till further orders. List for submissions on December 2, 2024,» Judge Gogne said.

This year, voter turnout reached a record 67.74 per cent, the highest since the state's formation in 2000. A total of 1,211 candidates are contesting, including BJP's Babulal Marandi in Dhanwar and JMM's Speaker Rabindra Nath Mahato in Nala.

This also represents a 268.5% increase from last week’s total of $164.8 million. This week, startups raised funds through 23 deals, compared to 28 deals in the year-ago period, when they raised a total of $69.5 million, according to data from data intelligence platform Tracxn.

Zomato has delisted several ‘fraudulent’ restaurants after users on social media pointed out single-dish restaurants on the platform, it said in a post on X. “We have identified all such restaurants that were potentially fraudulent and have delisted them from our platform,” the Gurugram-based company said. The company said that it has also strengthened its fraud checks to identify such cases and prevent similar incidents from happening.

Japan has approved a $250 billion economic stimulus package centered around initiatives intended to boost incomes

Jennifer Lopez's ongoing divorce from Ben Affleck, she and Jennifer Garner are no longer on speaking terms. Jen Garner is not interested in communicating with J. Lo unless it is regarding her kids, as quoted in a report by Cosmopolitan. Jen no longer wants to communicate with J. Lo unless it is about the children. Her friends think she shouldn't have let herself become so involved in helping J. Lo and Ben work out their marriage, particularly in light of the fact that Jen occasionally felt positioned against J. Lo during their own marriage. Jen tried because she was too kind and genuinely wanted to help. Jen didn't believe back in August that it was intentional, but that she felt slightly used as a pawn in J.Lo's bid to repair her marriage.

What is causing the XRP price movement? The first and foremost reason for XRP’s recent climb is the positive trend of the entire cryptocurrency market, which seems to be leveraging XRP’s growth strategy quite well. As the market witnessed an increase with Bitcoin scaling over $93,000 and Ethereum scaling over $3,100, these two effective cryptocurrencies set the pace for the entire market. Moreover, Ripple’s legal conflict with the SEC has also competed favourably. A win in this litigation clarified things about the regulation and removed most of the ambiguity that had suffocated XRP’s performance. Other recent occurrences, such as the ratification of the joint motion for a final judgement, have, in addition, rekindled investors’ confidence. Furthermore, other geopolitical and market forces are also coming into play. l Crucial are technical factors, XRP is testing a major resistance level of $1.25. Should this level be crossed, this may stimulate further demand, pushing the price towards the next target of $1.50. If the bullish scenario were to extend, XRP may even target the highest mark of $3.84.

premium products, said market researcher NielsenIQ. “This growth is fuelled by the shift toward connected, feature-rich appliances and smartphones, with a clear preference for products that offer both convenience and long-term value," said Anant Jain, head of customer success in tech and durables at NielsenIQ. He said the festive period also contributed to the growth, with more consumers timing their purchases to benefit from promotions and special offers. There was a recovery in sales volume in October due to festive demand. As per NielsenIQ, the four weeks of the festive period till Diwali drove 13% value sales growth and 8% volume growth.

Siddaramaiah on Friday said the Centre was not taking action to have Adani Group chairman Gautam Adani arrested though an arrest warrant had been issued against him, joining AICC leader Rahul Gandhi in attacking the billionaire industrialist. The CM’s attack followed the US Justice Department charging the billionaire with colluding in a corruption scheme to win solar energy contracts in India. In Andhra Pradesh, chief minister N Chandrababu Naidu struck a cautious note when he informed the assembly that the government would study the charges that were in public domain and act on them. In Karnataka, Siddaramaiah, in a chat with the media in Mysuru, said the Centre must take steps to have Adani arrested, and the high-profile businessman must not be allowed to escape. “The entire country knows who is protecting Adani,” he said, while blaming the media for not highlighting it.

UP chief minister Yogi Adityanath on Friday distributed appointment letters to 701 forest inspectors. They were selected through the Uttar Pradesh Subordinate Services Selection Commission (UPSSSC) under the state government’s initiative “Mission Rozgaar”. Speaking at the function, organized at Lok Bhavan in Lucknow, CM Yogi said his government is committed to forest and environmental conservation while referring to the future responsibilities of the newly appointed officers. He also added his government will continue to ensure a fair recruitment process. There is no place for nepotism, he further said. Appreciating the UPSSSC for providing opportunities based on merit, CM Yogi said seven lakh youths got jobs through transparent procedures since 2017. He said his government has eradicated nepotism and favouritism in the recruitment process.

1 individuals living with diabetes. Adding to this overdose of sweetness the wedding season is here. It often overlaps with the festive period, and further tempts us with rich foods and sugary delights. It is no secret that weddings in India are a grand celebration that includes multiple days of feasting, making it even harder to resist indulgent foods. Maintaining healthy eating habits gets all the more difficult as festivals and weddings overlap and the food comes in abundance.

consumer demand recovery that began in October is raising expectations for a stronger second half of FY25, according to Systematix Institutional Equities report. While rural demand witnessed a slight uptick, urban consumption has remained largely unchanged, contributing to lower growth in 2QFY25. The demand trends for the quarter reflected a subdued market, much like the previous quarter, and were further impacted by seasonal factors like the monsoons and religious observances such as 'Shravan' and 'Shraadh.'

It outpaced competitors like the Tata Nexon (1,593 units), Mahindra XUV400 (602) and Tata Curvv (1,542 units), with 3,116 units sold. This innovative model separates the vehicle cost from the battery price, allowing buyers to pay battery EMIs based on usage, set at ₹3.5 per km.

BJD which was in power in Odisha from 2000 till June 2024, on Friday, said the allegations that state government officials took bribes from the Adani Group for supply of renewable energy to the state from the central pool, are «false and not based on fact.» Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified government officials of several states including Odisha to buy expensive solar power, potentially earning more than USD 2 billion in profit over 20 years. Adani Group, however, denied the charges saying the allegations by US prosecutors are «baseless» and the conglomerate is «compliant with all laws» Former Odisha Energy minister and BJD MLA PK Deb said, «The types of allegations made in the name of Odisha are baseless and not based on facts.»

Sameer Wankhede, former zonal director of the Narcotics Control Bureau (NCB), has urged the Bombay High Court to transfer the probe into an atrocities case against NCP leader Nawab Malik to an independent agency like the CBI. Wankhede, an additional commissioner in the Directorate General of Taxpayer Services and a member of the Mahar Scheduled Caste, alleged in his plea that police inaction in the matter has caused him and his family significant mental distress and humiliation. The Indian Revenue Services (IRS) officer had in August 2022 lodged a complaint with the suburban Goregaon police against Malik under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. The complaint alleged that Malik had during interviews and on social media made defamatory remarks against Wankhede and his family members based on his caste.

However, the current economic climate has made finding such jobs difficult, leading students, particularly from Telangana and Andhra Pradesh, to seek work within the Indian community. Babysitting is seen as a safe and viable option, with students earning between $13 and $18 per hour. Some employers also provide meals, accommodation, or both.

Andhra Pradesh BJP president D Purandeswari on Friday said the allegations emanating from the US against the Adani Group raises serious questions and claimed that all those linked to these allegations are associated with the Congress party. Business tycoon and Adani Group chairman Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. «Recent allegations from the U.S. SEC (Securities and Exchange Commission) against the Adani Group have raised serious questions… this situation poses a significant question for Rahul Gandhi, since all individuals linked to these corruption allegations are associated with the Congress party and none are from the BJP,» said Purandeswari in a post on X.