Platform Financial News

(Reuters) — Nvidia-backed Together AI has raised $106 million at a valuation of $1.25 billion in a new funding round led by Salesforce (NYSE:CRM) Ventures, the generative artificial intelligence (AI) startup said on Wednesday.

Freed has raised $7.5 million in a fresh funding round, the company said in a release today. The round was led by Sanjay Nayar-backed Sorin Investments and early-stage venture fund Multiply Ventures, with participation from Piper Serica Fund and a few others.

RapidCanvas, an auto artificial intelligence (AI) platform built for businesses, has raised $7.5 million in a funding round led by Accel, with participation from Valley Capital Partners. The funds will be used for customer acquisition through marketing and sales expansion, as well as for customer retention through investment in research and development.

Federal Bank and South Indian Bank to stop issuing new co-branded credit cards, marking a step towards increased regulatory scrutiny. In a stock exchange filing on Wednesday, Federal Bank said it is rectifying the deficiencies, and will await regulatory approval before issuing new cards. Nevertheless, the bank will continue offering credit cards to both new and existing customers in the non-co-branded segment.

A new TV show titled “Killer Whales, which merges the crypto world with the excitement of reality television has made its debut on mainstream streaming platforms.

Covalent (CQT), recognized as a leading multichain indexer with 225+ chains, is entering an exciting integration with Gnosis Chain, a prominent Ethereum Virtual Machine (EVM) blockchain. This marks a significant milestone as it introduces cutting-edge, real-time data indexing including Covalent’s Unified API and GoldRush Kit into the dynamic Gnosis ecosystem. In doing so, it is reshaping onchain data accessibility for Gnosis’ developers.

NEW DELHI : On Tuesday, Apple announced “more flexibility" in terms of enabling app downloads from outside of its proprietary applications marketplace. While the move is selective to a filtered group of apps, and applicable only in the European Union (EU), industry stakeholders said that the move is of great significance, and will set a global precedent in anti-competition and digital markets regulations across the world—including in India.

Mahapanchayat. "Samyukt Kisan Morcha calls upon farmers, agricultural workers and common people of India including those in coordination with SKM like Joint Platform of Central Trade Unions, other Trade Unions, Women's Organizations, Student’s Organizations, Youth Organizations and Democratic Organizations to participate in large numbers and make this historic Mahapanchayat a grand success," it said in a statement.

Travejar Tourism LLC says, “ Years ago while going through such a hefty process and waiting for my visa approval, I set out to create a platform where a traveller doesn’t have to go through exhausting steps." He even added, “With such intention, me and my team created this opportunity to provide a visa in 4 hours". With OnlineDubaivisa, we are set to revolutionize the way an individual applies for a Dubai visa. Our user-friendly interface and easy navigation assist in completing visa applications with comfort.

₹200 crore or $25 million. The buyback will enable wealth-creation opportunities for about 1,700 current and former employees, the company said on Wednesday. "[The buyback] underscores our commitment to rewarding our teams, and we are pleased that despite the prevailing macroeconomic conditions, we persist in providing opportunities for wealth creation and nurture a culture of growth within the organisation," Meesho's chief human resources officer Ashish Kumar Singh said.

Flourish, a leading fintech platform that aims to enhance financial outcomes for clients through registered investment advisors, has added to its shelf of offerings through a new partnership.

India BusTrack, a data-based report on the Indian intercity bus industry on Wednesday. redBus said the inaugural report covers key parameters reflecting the overall health and trends of the Indian bus industry in November and December last year. The market trends are restricted to private bus operators and do not include SRTCs (State Road Transport Corporations). As per the report, the private bus industry saw gross ticketing value of Rs 3600 crore in November-December 2023 and 36.06 million passengers traveled during the period. There are 3,63,918 unique bus routes in India and buses connect 8,530 towns across the length and breadth of the country, making the reach of the bus network on par with railways, according to the report. Maharashtra and Goa topped the charts with 82% bus occupancy in November and December last year according to the report, while Madhya Pradesh and Chhattisgarh saw the lowest occupancy at 67%. The all India bus occupancy rate was 77%.

Ather's social media platforms, viewers were treated to a demonstration of the battery undergoing a rigorous 40-foot drop test. The footage culminated in the battery pack emerging unscathed, demonstrating its resilience to shocks encountered during rides over uneven terrain. While specifics such as capacity and range are still under wraps, the sleek design hints at a flat battery configuration reminiscent of the Ather 450X, potentially maximizing under-seat storage space.

Ratan Tata, ex-chairman of the Tata Group, exposed a deepfake video on Instagram where he appears to give investment advice. The video, shared by user Sona Agarwal, falsely depicted Tata offering investment guidance, along with a caption suggesting users could amplify their investments 'risk-free'. Narayana Murthy, the founder of Infosys, highlighted the existence of several deepfake videos circulating on the internet featuring him.

Rijac — India, known for its significant role in the global leather export market, has some concerns linked to its leather production. The fashion industry relies on the leather sourced from over 220 crore animals annually,with approximately 80 crore animals being processed in India.

Modi laid the foundation stone of the chip fabrication unit of Tata-Powerchip Semiconductor Manufacturing Corp at Dholera on March 13. He also inauguated the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand (Gujarat) and the Tata OSAT unit at Morigaon (Assam). All three units were inaugurated virtually. On the occasion, the Prime Minister also addressed the youth across the country on the occasion. This is a historic day for India, the PM said, calling it a significant achievement and a first step towards a brighter future. The three projects had received Cabinet nod on February 29 this year.

Elon Musk has in a post on social media platform X (formerly known as Twitter), expressed worry that the United States will go "bankrupt". "Overspending must stop or America will go bankrupt," he wrote early on March 13. Musk was responding to a post by X user @WallStreetSilv who warned that over time 100 percent of US taxpayer monies would be used to pay interest on national debt.

The SME IPO of AVP Infracon will open for subscription today and will close on March 15. The company aims to raise about Rs 52 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid»

Eaglebrook, a crypto investment platform focused on RIAs, is giving more advisors an option to help clients get exposure to the digital currency world under a new partnership with with Geneos Wealth Management. Eaglebrook will be offering its crypto separately managed account capabilities through the Colorado-based independent wealth firm’s RIA platform, which currently oversees assets exceeding $10 billion.

For the past few days, memecoins have enjoyed high trading volume as they continue to spike in price. Despite the recent market dip experienced by Shiba Inu (SHIB), the memecoin has exceeded $3.7 billion in trading volume. This signals new hope for its holders as the bull run approaches. Other memecoins like NuggetRush (NUGX) and Pepe (PEPE) are poised to replicate SHIB’s success as they grow in popularity.

The concept of Web3 is gaining traction rapidly across various industries, claiming to be the next wave of innovation. However, there is some skepticism about its potential impact. Will it merely repackage existing offerings or truly revolutionize the future? Let’s delve into the subject and provide insights.