Innovations Financial News

Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank) — a new age, digital first bank — has hiked its interest rates offered on fixed deposits kept for 701 days.

In a groundbreaking move toward linguistic inclusion, Bhashini, Indian government-backed AI language translation platform, is set to introduce voice-based services within the National Payments Corporation of India (NPCI). This innovative step aims to make UPI payments more accessible and user-friendly.

Therefore, Berger Paints India Limited has introduced an innovative range of waterproofing products — Berger DAMPSTOP. These meticulously formulated products offer versatile solutions for various waterproofing needs, including dampness, silane treatment, and salt leaching treatment. In today's fast-paced world, builders and homeowners rarely have the time to allow concrete structures to cure properly, which can significantly impact the longevity of a building.

The President of Madeira, Miguel Albuquerque, alongside Prince Filip of Serbia, officially announced the establishment of a Bitcoin business hub to promote innovation in the region. 

Scarlett Johansson has expressed admiration for Pamela Anderson's 'powerful' no-makeup appearance at Paris Fashion Week. Anderson, aged 56, made headlines by attending the star-studded event without any makeup, garnering widespread attention and commendation, including from «Black Widow» star Johansson. In an interview published recently, 38-year-old Johansson described Anderson's choice as sending a «powerful message». Her sentiments align with those expressed by Jamie Lee Curtis earlier in the month regarding Anderson's look. The 'Black Widow' star told Popsugar: «I think it is definitely different to see somebody that's in the public eye, a woman in the public eye, go to a fashion show or big event with no makeup on. It's just very different from what we're used to. It's a powerful message for women to see that, whether they follow suit or whatever the effect is, in the zeitgeist. It's powerful for women to see other women rejecting standard beauty norms.» Johansson recently revealed that she suffered with acne as a teenager and and suffered from «painful memories» when looking at old pictures of herself. Meanwhile, some trends stood out from the spring-summer 2024 womenswear collections at Paris Fashion Week, which ends on Tuesday, as did mounting concerns over the industry's environmental impact. A lot of designers were keen to drain the colour from spring and summer. Christian Dior, Saint Laurent, Victoria Beckham, Mugler and hyped newcomer Peter Do were among the many brands with muted, often monochrome palettes. Some observers were dismayed and also felt there was a lack of innovation.

Make Ethereum Great Again (MEGA) token has exploded +200% in an overnight skyrocket that has shocked crypto markets.

Gala Games (GALA) is once again in trouble as price action struggles to push back up above the 20DMA, however, a new partnership with an emerging regenerative agriculture documentary featuring Woody Harrelson could trigger renewed interest in the fleeting project.

₹1,806 apiece. Despite the company's shares underperforming this year, domestic brokerage firm Nuvama Institutional Equities has remained optimistic about the firm's long-term prospects. It has a 'buy' rating on the stock with a target price of ₹1,935 apiece, indicating a 22.31 percent upside.

As television technology keeps pace with our evolving expectations, manufacturers are delving into innovation from all angles. From ultra-sleek, borderless screens to powerful processors, the potential seems boundless, seamlessly integrating TVs into our living spaces.

imoo, 1st phone for your kids, A global leader and best selling brand for kids' phones, known for its innovative and child-centric technology, has made a grand entry into India's offline market through Sangeetha Gadgets, India's foremost multi-brand retail chain with over 800 stores across the country. Imoo, a sister company of renowned brands like OPPO, VIVO, and OnePlus, is celebrated for its exceptional range of kids' watch phones designed to cater to the unique needs of both tech-savvy children and concerned parents. Sangeetha Gadgets, with its widespread presence and a reputation for delivering excellence in customer service, becomes the preferred destination for Indian families seeking Imoo's child-friendly devices.

A team of three advisors has taken the decision to break away from Morgan Stanley to launch an independent RIA firm.

Kothari Industrial Corporation Ltd, part of the DC Kothari Group, has set up a separate drone division to deploy drone technology in farmlands, the company said on Friday. Under this initiative, Kothari Industrial Corporation Ltd has planned to work out a long-term sustainable strategy to reconfigure the agricultural landscape with the use of drones. KICL is likely to invest over Rs 150 crore into the drone division over the next few years, a company statement here said.

Small-cap stocks can offer exciting investment opportunities, often showing agility and rapid changes in market dynamics. On October 12, 2023, a selection of small-cap stocks displayed noteworthy movements as they crossed their 100-day Simple Moving Averages (SMA). Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Hitachi Energy India Hitachi Energy India, a subsidiary of Hitachi ABB Power Grids, had its 100-day SMA at Rs 4,174.37.

On September 30, 2023, the Sui Foundation disclosed the induction of 17 new projects into its grant program, with a total of $1.05 million earmarked for distribution. This financial injection is aimed at propelling the development and assimilation of Sui, a burgeoning decentralized platform. The foundation has meticulously evaluated the prospective grantees based on a comprehensive proposal which includes a detailed project blueprint, budget allocation, significant milestones, team competency, and the projected impact on the Sui community.

Circle has initiated 'Circle Research', a new venture aimed at propelling technical advancements in the realms of cryptocurrency, blockchain, and Web3 through open-source investigation. The launching of Circle Research is seen as a step forward in hastening and broadening the scope of innovation in these domains by opening up research outcomes to the worldwide community. The primary open-source offering from Circle Research comes in the form of the Perimeter Protocol, which lays down a novel framework for the establishment of on-chain credit markets.

«We are trying to strengthen the capacity of our IPO to process these proliferation of applications. We are going to add 900 new positions for which recruitment is already underway in our patent office,» Singh said at the national intellectual property conference.

Reliance Industries Ltd.’s financial services unit and Zerodha Broking Ltd. can only disrupt distribution of mutual funds, not pricing or product offerings, according to Edelweiss Asset Management. “Distribution is where they can make an impact,” said, Radhika Gupta, chief executive officer and managing director of Edelweiss AM, at a Bloomberg New Voices event in Mumbai.

Indian Venture and Alternate Capital Association (IVCA) in partnership with the Centre for Business Innovation (CBI) at the Indian School of Business (ISB) has announced a launch of a training programme for PE/VC fund managers. This programme is designed specifically to address the needs of professionals appointed by private capital funds on the board of ‘early to growth’ stage companies.

Prada has teamed up with Axiom Space, a Texas-based commercial space company, to design spacesuits for the Artemis III mission, set to return humans to the Moon in 2025. The outfits are said to be a fusion of fashion and functionality, featuring a white design with blue stripes and red accents. This collaboration aims to not only enhance the aesthetic appeal of spacesuits but also ensure their advanced capabilities for space exploration. Artemis III Mission The Artemis III mission will be the first time humans set foot on the Moon since the Apollo 17 mission in 1972.