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BHIM or Bharat Interface for Money will soon become available on the government-backed nonprofit Open Network for Digital Commerce (ONDC), with an aim to counter the dominance of Google Pay and Walmart-backed PhonePe in India’s digital payments sector, people aware told ET. BHIM, developed by the apex group for digital payment systems in the country — National Payments Corporation of India (NPCI), will foray into the ecommerce arena on ONDC through a separate division, they added.

BENGALURU : When the fundraising route for startups began drying up a couple of years ago, several emerging companies turned to venture debt. With the macroeconomic environment becoming tougher, a few of those startups, including the Good Glamm Group, are now negotiating extensions for repaying those loans. Venture debt backers, typically loath to accept such requests, are faced with a quandary: which one to honour, based on which startups are more likely to survive.

Private Advisor Group, a large independent wealth firm based in Morristown, New Jersey, has made another addition to its network.

Sixth Street, the investment firm that owns a 20% stake in the San Antonio Spurs, is planning to raise its first fund dedicated to the sports ecosystem, according to people with knowledge of the matter.

A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election

Congress leader Rahul Gandhi has decided to contest from Uttar Pradesh's Raebareli after «sensing defeat» in Wayanad. He also said that Congress' tally will not cross 50 and would be at an «all time low». «I have already said that Shehzada will get defeated in Wayanad. After completion of votes in Kerala, he is now contesting in Raebareli. Their senior leader (Sonia Gandhi) quit her Lok Sabha seat and entered Parliament through the Rajya Sabha from Rajasthan. They say 'daro mat' but I am saying 'arre daro mat, bhaggo mat' (Don't be scared, don't run away),» Modi said during his public rallies. «The Congress, with less than 50 seats, and the Trinamool with 15 seats in Bengal, will not be able to form a government at the Centre,» he said, adding, «The Congress will get less seats than before, they are contesting in lesser seats,» Modi said. The PM held three rallies in West Bengal — at Krishnanagar, Bardhaman and Bolpur — on Friday.

Also Read: Expedia to cut about 1,500 jobs as travel demand moderates Vrbo was seeing a slower rebound than the company's expectations following a restructuring aimed at allowing customers to book across brands under one platform. The company, which also owns Hotels.com, projected full-year revenue growth in the mid-to-high-single digit percentage range, down from a prior forecast of double-digit growth, according to a report by Bloomberg.

Mint reported that increasing enterprise clients could boost Apple to register over $10 billion in annual revenue in India for FY24—which could also be the first full fiscal where Apple tops the smartphone market’s revenue chart. This revenue growth, if realized, has likely been fuelled by a sustained growth in shipments for Apple, while maintaining the highest average selling price (ASP) per device of $1,000 ( ₹80,000) in the India market.

Instagram's decision came after mounting criticism from several influential creators, who claimed that their original work is not receiving much eyeballs as reposted content is ranked better on social media platform. “First, when we find reposted content in recommendations, we will replace it with the original.

Telecommunications company Vodafone is taking steps to leverage SIM card technology  in order to meet the expected surge in demand for crypto transactions on mobile phones. 

London, May 2024 In a strategic move that sets the stage for unprecedented growth in the crypto data sector, DropsTab has secured a landmark investment from DWF Labs, a global leader in digital asset market making and Web3 investments. This partnership heralds a new era for DropsTab, poised to significantly advance the development of its operations, facilitate Web3 integration on its platform, and enhance its flagship product, EtherDrops. EtherDrops, which serves over 700,000 users via Telegram, has plans for further tokenization.

Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors.

₹2.10 lakh crore in April 2024, Arvind Subramanian, former Chief Economic Adviser (CEA) to the central government has now highlighted that the despite the high collections, GST revenue for fiscal 2023-24 (FY24) has still not surpassed the pre-GST level. Also Read: The caveat you need to know while reading the GST ‘record’ in April Taking to social media platform ‘X’, the former CEA who is a senior fellow at Peterson Institute for International Economics, said that at 6.1 per cent gross domestic product (GDP), India's GST revenue--even after seven years, is still not above the pre-GST level, despite recovery from the COVID-19 pandemic and better implementation.

Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results. The finance minister took to social media platform ‘X’ and said, ‘’Wonder where this is come from. Was not even double checked with Finance Ministry. Pure speculation.'' said Sitharaman.

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Making Money host Charles Payne addresses the debate about higher interest rates being a positive for society.

A Prehistoric Twist in Crypto: In a significant development in the cryptocurrency market, $DEDE, the unique dino-meme coin, has officially launched on the Solana blockchain, promising a blend of prehistoric intrigue and modern blockchain technology. As a fresh face in the crowded meme coin space, $DEDE has distinguished itself with its creative dinosaur theme and robust technological foundation, garnering an impressive base of over 2,500 holders in its first week alone.

WhatsApp's Terms of Service via their prevention and detection systems, and directives issued by the Grievance Appellate Committee (GAC). As per WhatsApp, the bans were implemented in line with Rule 4(1)(d) and Rule 3A(7) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The monthly report from WhatsApp for January, February, and March 2024 indicated a steady increase in the number of banned accounts during the first quarter.

The IPO, which closes on May 10, includes fresh equity of Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other selling shareholders TBO Korea, Augusta TBO will offload the shares.

Student demonstrations spreading across U.S. campuses have drawn attention in Beijing, where comments by some officials and state media have conveyed sympathy for the protesters and criticism of what is seen as a U.S. double standard on protest crackdowns.

Paragraph, a web3 publishing startup, has secured $5 million and taken over the blogging platform Mirror.