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Indian Racing Festival has announced a year-long partnership with FanCode to stream live motorsports events to fans across India. This partnership will feature the Indian Racing League and the FIA Formula 4 Indian Championship, starting with the IRL 2024 season opener at the Madras International Circuit on August 24. The festival, now in its third year, aims to bring high-speed racing action from eight city-based teams to viewers across the nation.The Indian Racing Festival will include teams from Delhi, Hyderabad, Bangalore, Chennai, Goa, Kochi, Ahmedabad, and Kolkata, competing for the championship title. A notable addition to this year’s festival is a groundbreaking night race on a street circuit in Chennai, a first for Indian motorsport. Prominent figures in Indian sports and entertainment, including Sourav Ganguly, Arjun Kapoor, and John Abraham, are also involved in the festival. Sourav Ganguly, who recently became the owner of the Kolkata Royal Tigers Racing team, Arjun Kapoor, who owns the Speed Demons Delhi team, and John Abraham, who owns the Goa Aces by JA Racing, will all participate in the event.

commercial real estate investment platform Property Share has received the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM REIT regulations. The fractional ownership platform (FOP) has received the capital market regulator’s approval under the name of Property Share Investment Trust (PSIT) and has become the first entity to secure the same. Property Share will become the investment manager to PSIT. “Any regulated product comes with significant benefits for investors like high-net-worth requirements for the investment manager, compliance and reporting standards, transparency, investor protection mechanisms, and marketing restrictions. We look forward to continue working closely with SEBI in launching the IPO of the first SM REIT scheme in the weeks to come,” said Kunal Moktan, co-founder of Property Share

volatility is what traders live for and they use crypto exchanges to trade cryptocurrencies. In India, cryptocurrencies are not regulated officially. But the Indian government and the Reserve Bank of India have overtly and covertly hampered the growth of local firms in this space.

Rapido, which started as a bike-taxi platform, has crossed gross merchandise value (GMV) of $1 billion, according to people aware of the matter, driven by its expansion into segments such as cabs and auto-rickshaws and an aggressive expansion into more than a 100 cities. This also marks the emergence of a significant third player in the ride-hailing business–after Uber and Ola–which has remained largely stagnant after the pandemic. Rapido has recorded more than three times growth since FY23, when it was clocking a GMV of about $300 million. It is also present in the parcel pick-up-and-drop segment.

merchant payment companies are scouting for business opportunities outside the country as margins turn wafer-thin amid rising domestic competition. Pine Labs, Juspay, CC Avenue and FSS have set up operations outside India and are also hiring senior talent for these markets, which they hope will be their new growth drivers. Aiding the push is the growing acceptance of Indian payments technology worldwide. In India, these merchant payment companies have been losing out on major revenue generation opportunities due to competition from popular payment modes like Unified Payments Interface (UPI) and RuPay debit cards which do not attract a fee. The government has also reduced the budgetary allocation for payment subsidies.

Alysha Newman has addressed the critics of her OnlyFans presence amid a surge in her profile's popularity following her bronze medal win at the 2024 Paris Olympics. Newman, who gained viral fame for her celebratory twerking at the Stade de France, is embracing the newfound attention to her subscription-based fan page.

Inside Out 2" is ready for its digital and physical release. Fans can purchase or rent the movie online starting August 20, while physical copies will be available on September 10.

'Rich Dad, Poor Dad' has predicted a very grim economic future for California. Taking to X, Robert Kiyosaki has warned that California faces a dire fiscal situation, it may go broke.

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Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for passenger as well as cargo movement to 80,000 by the end of this fiscal year. The money will also be used to launch new products, extend reach and develop technology, Amit Gupta, cofounder and CEO of Bengaluru-headquartered Yulu Bikes, told ET. Yulu has raised over $123 million in equity capital — which includes $52 million for Yuma (a joint venture between Yulu Bikes and Magna International) — from investors including Bajaj Auto, Magna International, Blume Ventures, 3one4 capital, Wavemaker, Incubate Fund, Rocketship.vc, and other institutional and angel investors. Yulu has also secured $12 million in debt financing from the US International Development Finance Corporation and Northern Arc. Bajaj Auto had an 18.8% stake in Yulu Bikes as of February 2024.

Private Advisor Group, a major OSJ of LPL, is taking aim at the thorny problem of succession and business continuity planning with a new fintech collaboration.

Crypto learning platform 99Bitcoins ($99BTC) launched its native token, $99BTC, on Uniswap on Thursday.

Deliveroo said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised, sending its shares up 9% on Thursday. Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was «really strong». «We are improving profitability whilst we're still growing,» he said. «Orders returned to year-on-year growth and GTV (gross transaction value) momentum is good.»

Palantir Technologies said on Thursday it will offer its products, including the Artificial Intelligence Platform (AIP) on Microsoft's cloud platforms, which cater to the U.S. government and federal agencies such as the Department of Defense. The data analytics company will deploy its products, including the «Gotham» software — which assists in locating targets on battlefields — on Microsoft's Azure Government and Azure Government Secret cloud platforms. Palantir will «be the first industry partner to deploy Microsoft Azure OpenAI Service in classified environments,» CTO Shyam Sankar said in a statement.

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recruitment is set to surge with an estimated 8.5 per cent increase in job roles within the industry by next year. The demand for skilled IT talent is growing after a slow period late last year and early this year. Hiring is set to surge, with an estimated 8.5 per cent increase in job roles within the industry by next year, according to a report by Indeed, a global job matching and hiring platform and a subsidiary of Recruit Holdings. This data from Indeed has been compiled from Indeed Hiring Tracker and Indeedas platform data. Indeed Hiring Tracker is a quarterly report that explores the employment landscape and job market.

Rumble CEO and founder Chris Pavlovski explains why he and other platforms are taking action against an illegal advertising method used by Google.

Chennai on August 10 (Saturday). It will bring together entrepreneurs, industrialists, policymakers and sectoral experts on a common platform to discuss ways to strengthen the industrial ecosystem in the region. The ET Make in India SME Regional Summit in Chennai will focus on discussing ways to improve the state’s manufacturing and export might. To register for the Chennai summit, click here

Manipur government has said that an audio clip, falsely claiming to be the voice of Chief Minister N Biren Singh, was released on social media in an attempt to derail peace initiatives in the ethnic violence-affected state. The police began an investigation to find out the source of the purported clip in which some offensive comments against a community were heard. «It has come to notice of the government that an audio recording, falsely claiming to be that of the Chief Minister, Manipur, is being circulated on social media platforms. »This doctored audio is a malicious attempt by certain sections to incite communal violence or derail the process of peace that has been initiated at multiple levels," the state government said in a statement.

Trading platform Robinhood reported positive earnings for the second quarter, with revenues reaching $682 million, marking a 40% increase year-over-year due to a resurgence in Meme stocks.