Innovations Financial News

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

A ban on noncompete agreements that would have widespread impact on employment across industries has been struck down in court.

Super.Money has officially launched its credit-first Unified Payments Interface (UPI) application for the public, following a successful beta phase that saw over 10 million transactions. The Bengaluru-based startup has completed testing its credit on UPI solution and has introduced a wait-list programme. Super Money’s first credit solution is a Rupay credit card that functions as an interest-bearing wallet on UPI rails, it said. The company is working with Utkarsh Small Finance Bank, IndusInd Bank and Axis Bank to offer various financial services. Prakash Sikaria, founder and CEO of Super.Money, told ET that the company aims to be among the top five players in India’s competitive UPI market. Currently, Walmart-owned PhonePe and GooglePay dominate the market, accounting for over 85% of the 14.4 billion UPI transactions recorded in July.

Lounge, Rawal and Bajaj talk about the creative alliance, the idea behind it and why fashion designers entering the space of luxury living is a good idea. Edited excerpts: Kunal Rawal: Boheim's commitment to bringing old-world charm in the 21st century, their dedication to showcasing Indian craftsmanship, and ability to infuse a sense of quirkiness into their projects, resonated with our own approach to bespoke artistry. When we design a collection, we focus on telling a story that is rich in detail, and that respects the brilliance behind every stitch.

Avalara, a cloud-based tax compliance solutions provider, plans to onboard about 1,000 new employees in the next nine months across engineering, tax, content, sales support and professional services functions. The move is part of its efforts to establish India as a centre of technical excellence and its planned expansion in the Asia-Pacific region, according to a company statement. “Despite India’s competitive employment market, the US-based solutions provider remains committed to enhancing capabilities in tax technology, legislation, e-invoicing, and global tax compliance by investing significantly in the country's technological talent,” the company said.

Amul, has been recognized as the strongest food and dairy brand globally, according to the Brand Finance Food & Drink 2024 report. In a post on X (formerly Twitter), Amul posted, «We are pleased to inform you that Amul is ranked as the strongest food brand and strongest dairy brand in the world as per Food & Drink 2024, the annual report on the most valuable and strongest food, dairy & non-alcoholic drinks brands by @BrandFinance, world's leading brand consultancy» The annual report by Brand Finance, a global brand valuation consultancy, highlights the growing influence of Amul in the international market.

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

IndiaP2P was founded in 2021 by Neha Juneja as a platform that focuses on empowering women entrepreneurs. With 96% of its borrowers being women leading SMEs, particularly in rural areas, IndiaP2P has grown through partnerships with organisations and microfinance institutions across regions like Nagaland, the southern states, and Maharashtra by providing essential capital to these entrepreneurs. In a chat with ETDigital, Juneja, the CEO and Co-founder of the platform, talks about what she wants to achieve, why IndiaP2P has placed a bet on women entrepreneurs and the role of the regulator in the fintech space. Edited excerpts. Economic Times (ET). When did you start IndiaP2P and what was the idea behind it? Neha Juneja (NJ): We started operations in 2022 with a core thesis that women and small business owners make for prudent borrowers. Investing in them is both profitable and purposeful, given the direct and second-order effects of enabling income expansion, especially for women. Building on this thesis, we now source loans predominantly from women businesses nationwide and curate them for retail lenders to lend to.

Tech tycoon Mike Lynch, one of six people missing from a sunken yacht off Sicily, had been trying to move past a Silicon Valley debacle that had tarnished his legacy as an icon of British ingenuity

TradePMR, a provider of technology and custodial services for RIAs, has bolstered its growing technology bench with four key appointments.

Pernod Ricard India, which plans to triple its revenue over the next decade by prioritising premiumisation, on Tuesday launched two premium whiskies. It has unveiled two whiskies — Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky — as part of this strategic initiative, said a statement from the Indian subsidiary of the French Spirits maker Pernod Ricard. Earlier, it launched Longitude 77, which was the first Indian Single Malt by Pernod Ricard. The company «has unveiled an ambitious plan to triple its revenue over the next decade by prioritising premiumisation and innovation in the Indian market,» said a statement from Pernod Ricard India.

ZUG, August 20, 2024 – In a groundbreaking move for the digital asset landscape, Partisia Blockchain proudly announces that its highly anticipated MPC token is now officially supported by Koala Wallet, the trailblazing mobile wallet solution. This strategic integration is set to revolutionize how users manage their digital assets, bringing a new level of accessibility and security to the crypto space.

The asset management space stands at a crucial inflection point as firms reckon with a growing complexity from economic, technological, and market crosscurrents, according to the latest annual global survey report from the Index Industry Association.

AI-enhanced Nitro V 16 is now available at Acer exclusive stores across India.The Nitro V 16 boasts a 16-inch display with a sharp 16:10 aspect ratio and WQXGA resolution of 2560 x 1600 pixels. This vibrant screen offers a 165Hz refresh rate and 100% sRGB color accuracy, providing gamers with stunning visuals.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Zurich, Switzerland – 20 August 2024

Axiscades on Tuesday said its subsidiary Epcogen has bagged an energy storage project from UK-based Highview Power. The project is expected to generate 50 MW of power for 6 hours, aggregating to 300 MW, according to a company statement. «Subsidiary Epcogen has been awarded a long-term contract by Highview Power, a British energy storage technology producer. This project will feature the world's largest liquid air energy storage (LAES) facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK,» the company said. The project will be set up on an engineering, construction and procurement (EPC) basis at Carrington in Manchester over a period of 20 months, the company said, adding that the commercial operation at the site is planned to begin in 2026.

Ankur Capital, which backs startups in agritech, climate and deeptech, has raised fresh capital commitments from existing backers British International Investment (BII) and MacArthur Foundation for its third fund. The latest fund, for which the target is Rs 1,200 crore ($150 million), has already raised capital from US International Development Finance Corporation and Self-Reliant India Fund, a central government initiative under the Ministry of Micro, Small and Medium Enterprises. “BII and MacArthur Foundation are returning investors in this fund as they were limited partners in our second fund…We continue to be a pre-series A investor and continue to look at companies at that stage,” Ritu Verma, managing partner, Ankur Capital, told ET.

UKG, a provider of human resources, payroll, workforce management and culture solutions has appointed Nitin Chandel as group vice-president and India country manager. In his new role, Chandel will serve on the UKG senior leadership team and oversee key operations in India, with a focus on hiring top talent and steering in-country product development and engineering for the company’s human capital management (HCM) and workforce management solutions. His appointment follows the recent announcement that former co-CEO of SAP Jennifer Morgan has been appointed CEO of UKG.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

In the fast-paced world of Web3, where every day feels like a year in traditional finance, three projects, MinePro, Aptos (APT), and DogWifHat (WIF) are causing chatter for different reasons. As MinePro’s presale races past the $700,000 mark, it’s clear that this project is capturing serious investor attention with its innovative approach to Bitcoin mining. Meanwhile, Aptos is regarded bullishly by analysts despite recent negative price action, and DogWifHat is climbing back from recent lows with a heavy struggle, causing questions about it’s long term viability. Let’s break down what’s happening with Aptos and DogWifHat before diving into why MinePro could be the next big thing in the crypto-mining space.