Digital Financial News

Koo co-founder Mayank Bidawatka on Friday said that the next phase for the startup is to build scale, either with funding, or through a strategic partnership with a player that has already achieved it. “With the current reality of a slow investor market, the best way forward is to partner with someone who has the distribution strength to give Koo a massive user impetus and help it grow. With a platform that's scale ready, Koo can outshine competitors with the right push on growth,” he said in a LinkedIn post.

As much as $55 billion in capital exited the crypto market in August, while both trading volumes and volatility remained at suppressed levels, a new report has revealed.

Wells Fargo is making it easier – and cheaper – for DIY investors to buy their favourite company.

Livspace said its revenue for FY23 jumped 85% to Rs 1,147 crore, even as its losses narrowed. The company said it has cut down its Ebitda (earnings before interest, tax, depreciation and amortisation) loss in India to half. The Singapore-headquartered company, which is valued at $1.2 billion, reported Ebitda before Esops of Rs 581 crore.

Dutch bank ABN Amro has carried out a digital green bond offering that made use of Polygon’s layer 2 Ethereum scaling technology to raise €5 million.

BEIJING — Yum China is spending more on tech, an investment that's allowed it to open more stores without having to hire more staff, CEO Joey Wat told CNBC in an interview Friday.

digital minister, France, in a statement to AFP. As per the report, both Apple and Minister Jean-Noel Barrot emphasized that there was no risk to public health from the emitted radiation. "This is related to a specific testing protocol used by French regulators and not a safety concern," Apple stated in a statement, mentioning that the device complied with rules on emissions all around the world.

The new leader of the Atlanta Journal-Constitution wants to increase the publication’s digital subscribers more than eightfold by the end of 2026, an ambitious goal he aims to reach through expanded local-news coverage and new products. “In the last 5-10 years, we’ve just focused on Atlanta," said Andrew Morse, a former CNN digital executive who took over as the Atlanta Journal-Constitution’s new president and publisher in January.

Digital Currency Group’s Genesis that went bankrupt in January this year, continues to get hit by the bear crypto market. The digital assets lender is winding down its cryptocurrency spot and derivative trading business completely.

As on-chain activity continues to fuel major gains in crypto markets, Jinbe Knight of the Sea (JINBE) token has been the latest to break-out, after a sensational +2,000% pump saw the One Piece-themed meme coin surge to top of DEXtools.

RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such as “Pokémon" for promoting blasphemy, violence and laziness. Now, Saudi Arabia is pouring $40 billion into a bid to become a world leader in a videogame industry beloved by its booming youth population.

“WE ARE frying the human brain." Such is the bleak outlook that Jenny Wise Black, a marriage and family therapist in Franklin, Tenn., offers regarding smartphone usage. The clinician’s opposition to phones dates to a 2015 sabbatical she took to tackle her burnout. One day, her iPhone wouldn’t turn on.

Pink WhatsApp. This mysterious phenomenon has sparked concerns among users of the popular messaging platform, WhatsApp. This scam lures individuals with promises of a pink-colored version of WhatsApp, often accompanied by additional features.

Ashwani Kumar, MD & CEO, UCO Bank, says “our target is to grow operating profit by 15% during this financial year and on a year-on-year basis and profit after tax is a play of provisions and going forward looking at the PCR, we are having around 94-95% PCR and our net NPA is already 1.19% and the provisioning requirements on a quarter-on-quarter basis, on year-on-year basis will come down. Our gross NPA is also coming down. It has come down to 4.48% this quarter and we will continue to see the declining trend in the remaining quarters as well and with all this in place, the ROA will improve in the coming quarters.”There is a section of the market which believes that the last few quarters of credit growth have been very strong. From here on, on the one hand, yes, there is festive season where credit generally perks up but the trend would be smoothening out. Is that a trend you see developing or do you see good growth on the credit side for next four to six quarters from current levels as well?First of all, I will give you a brief data point.

Apple said on Friday it would issue a software update for iPhone 12 users in France to potentially end a row with French regulators that ordered the suspension of the phone's sale due to breaches of radiation exposure limits. «We will issue a software update for users in France to accommodate the protocol used by French regulators. We look forward to iPhone 12 continuing to be available in France,» Apple said in a statement. «This is related to a specific testing protocol used by French regulators and not a safety concern,» it said. The French government welcomed the move. «The ANFR (French regulator) is preparing to quickly test this update,» French Digital Affairs Minister Jean Noel Barrot's ministry said in a statement, adding this should bring the model into compliance with European standards and allow France to lift the sale suspension. Apple has contested the French radiation findings, saying the iPhone 12 — now a relatively old model launched in 2020 — was certified by multiple international bodies as compliant with global standards. Belgium said on Thursday it would review potential health risks linked to Apple's iPhone 12 in the wake of France's sale suspension, while others, like Germany, said they would wait to see how the situation in French developed. Apple's revenues totalled about $95 billion in Europe last year, making the region its second biggest behind the Americas.

Axiscades Technologies has partnered with Singapore-based Cantier to provide automated manufacturing solutions to industrial players across sectors. As part of the partnership, the entities will provide end-to-end automated manufacturing solutions to corporates coming from various sectors, including semiconductor, electronics, aerospace, and food processing, among others, Axiscades Technologies said in a statement on Friday. «By integrating Cantier's innovative MES 4.0 with our engineering and technology solutions, we are poised to transform the core of industrial manufacturing. »We're not just enhancing workflows but also creating a new period of manufacturing excellence with real-time insights and seamless digital integration," Arun Krishnamurthi, CEO and MD of Axiscades, said. Commenting on the partnership, Prabakar Selvam, Founder & CEO of Cantier, said it is a step towards autonomous manufacturing and a true digital transformation.

NavIC (Navigation with Indian Constellation) will soon be a must in all smartphones, Union minister Rajeev Chandrasekhar has said. The minister said that by January 1, 2025, 5G phones will need to provide mandatory support for NavIC while all other phones that currently use the Global Positioning System (GPS) will need to provide NavIC support by December 2025.

In an ever-evolving world of cryptocurrency, Bitcoin continues to lead the pack, defying expectations and reaching new heights. The latest buzz? 

PARIS (Reuters) — French Digital Affairs Minister Jean Noel Barrot on Friday said Apple (NASDAQ:AAPL) told him that it will implement an update for its iPhone 12 model in the next few days to fix radiation issues which earlier this week triggered a sales halt in France.

ICC) has issued an invitation to tender (ITT) in order to secure media rights for the Middle East and North Africa (MENA) market. Following the successful conclusion of media rights agreements in several markets, including India, Sub-Saharan Africa, the United Kingdom, the United States of America, and Canada, the ICC is now starting its media rights process in the Middle East and North Africa. For the MENA tender, men’s and women’s rights are once again being sold separately, with two four-year packages available, combining both TV and digital rights. One package will be for eight men’s events from 2024–2027 and the other for six women’s events across the same time span. ICC Chief Executive Geoff Allardice said: «We are delighted to be releasing the ITT for media rights in the Middle East and North Africa to continue to build our broadcast partnerships globally.

₹5,923 per gram of gold. The issue price of the gold bonds will be ₹50 per gram less for those who subscribe online and pay through digital mode. The price of bonds is fixed on the basis of a simple average of the closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Ltd for the last three working days of the week preceding the subscription period.