Platform Financial News

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

An Australian court has ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine, and the accommodation rental company could pay as much again in compensating customers who had been unaware they were being charged in U.S. rather than Aus...

Paytm plans to revamp its online wealth management services and hire more than 50,000 salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted. Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the idea of investing online. At the same time, it’s orchestrating a campaign to boost its salesforce more than 60% to try and sign up more merchants across smaller Indian cities and towns.

The dedication ceremonies were held on 6th November in Bangalore and 8th November in Hyderabad. In attendance, among many leaders from both companies, were Accenture’s Brian McKillips, Senior Managing Director and Growth and Strategy Lead for Enterprise and Industry Technologies; Raghavan Iyer, Senior Managing Director, Accenture Advanced Technology Centers; Sanjeev Narsipur, Managing Director, Accenture’s Enterprise & Industry Technologies group; Steve Ambo, Managing Director and Lead of the Blue Yonder practice at Accenture; and Blue Yonder’s Chief Executive Officer Duncan Angove and Chief Technology Officer Salil Joshi, who all helped cut the ribbons on the two new centers.

healthcare and the nuanced influence of social media on shaping India's wellness landscape in recent years. India’s Wellness Index gauges well-being and assesses the present state of wellness across various pillars simultaneously. With a score of 72 out of 100, the index indicates a rise in digital well-being and the utilization of health technology.

Welspun One, an integrated fund and development management platform, will be investing over Rs 700 crore to develop an industrial and logistics hub spread across 55 acres within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. For this, Welspun One has entered into a strategic collaboration with JNPA to jointly develop this project. The investment includes both land as well as construction cost. This marks the second deployment from Welspun Ones’ latest alternative investment fund that has a total corpus of Rs 2,000 crore.

BLS E-Services Ltd, and Popular Vehicles and Services Ltd — received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi between August and October, obtained observation letters from the regulator during December 12-15, an update by the markets watchdog showed on Wednesday. In Sebi's parlance, obtaining its observation letter means its go-ahead to float the public issue.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Solana (SOL) and Retik Finance (RETIK) have emerged as two must-buy cryptocurrencies ahead of the 2024 bull run. Both portray strong momentum as we close 2023, which suggests a potential pump in the coming year. Retik Finance (RETIK) has particularly been a hot topic within crypto social spaces after staging one of the best presale performances of 2023. Launched a little over a week ago, the presale has raised over $1 million from investors who continue to pour in with heightened enthusiasm.

With some saying a ‘confirmed’ bull-market as Bitcoin crossed over $40,000 for the first time since last year, trends like Socialfi seem to continue to keep growing. Although some startups have had it in their ecosystem long before it gained widespread popularity as a ‘trend.’

The rapidly evolving landscape of blockchain and cryptocurrency has long been taking over the art world. Once only available to a few, the disruption of the NFT industry through blockchain has made art, or ‘digital art’ accessible to everyone, far beyond the VIPs and the exclusives of art galleries. From the advent of Banksy to the proliferation of Crypto Punks, the modern art world has become surrounded by digital collectibles.

Free Fire Season 12 Booyah Pass rewards! The Booyah Pass, taking the place of the Elite pass, makes a monthly appearance, offering players the opportunity to acquire exclusive rewards. Players have the option to obtain these rewards for free through the free pass or can opt to purchase the premium pass, unlocking access to special rewards.

Narendra Modi on Wednesday dialed Rajya Sabha Chairman Jagdeep Dhankhar and expressed pain over the mimicry incident. Dhankhar who is also Vice President of India, on the X platform wrote, "Received a telephone call from the Prime Minister, Shri @narendramodi Ji. He expressed great pain over the abject theatrics of some Honourable MPs and that too in the sacred Parliament complex yesterday".

Rohit Kapoor, CEO, Food Marketplace, Swiggy, says” India is not one and there are consumers who look for different features, different benefits. The pocket hero for the value conscious consumer was launched in Gurgaon, but now it has been scaled up to other cities as well. There are multiple initiatives. We keep listening to consumers, trying to figure out what they are looking for and also sometimes inserting things which they may not be looking forward to but we are excited about and which we believe will be big in the future.” My eyes almost popped out at some of the interesting findings that you guys had for the year gone by, 207 pizzas in a single day in Jhansi and I am sure the trends have been pretty marvellous! Anything that has really caught your eye? Anything that will continue into 2024? Being a Calcutta boy what caught my eye was that in Durga Puja Gulab Jamuns trumped Rasgulla, that was a little surprising coming from Calcutta and growing up there. I think two-three things are becoming very strong. One is there is a clear fusion of the modern and the traditional. So, in small towns we see hot dogs selling for example whereas samosas are right up there next to each other and so many such examples. So, India is traditional in food. There is a lot of joy in discovering what we have and also experimenting around the edges quite a bit.

Rashmika Mandanna 'Deep Fake' video: What are deep fakes and how to spot them? Experts share tips Earlier on November 24, the case hit a dead end as social media platforms said they were unable to give information about the individual(s) who allegedly made the deepfake profiles. Sources told ANI the accused either removed or deleted their account from social media platforms. Officials said the account could have been created with a fake identity and using a Virtual Private Network (VPN) to upload the deepfake videos.

Imran Khan addressed a virtual internet rally on Sunday night through a voice clone, a first of its kind use of the technology. His Pakistan Tehreek-e-Insaf party used artificial intelligence (AI) voice cloning platform ElevenLabs to clone the jailed cricketer-turned-politician’s voice by feeding the AI model with audio of his previous speeches, The Guardian first reported.

Bard and AI-based searches, Reuters reported. The announcement from the Alphabet company comes ahead of the pivotal 2024 US Presidential election. While the US election garners global attention, 2024 is also crucial for other nations.

early-stage venture capital firm Blume Ventures said it has achieved returns of more than five times of invested capital from its first fund, including an extension fund. Through the Fund-I and Fund-IA (the extension fund), the firm invested a total of Rs 114 crore between 2010 and 2015. As much as 98% of the returns were generated from 17 companies or a fifth of the portfolio of the first fund.

Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore, along with participation from early-stage venture fund Kettleborough VC. Finhaat runs an online distribution platform through which insurance products are sold to consumers in rural and semi-urban India.

language models (SLM), which are trained on smaller datasets and have limited capabilities than large language models, because they meet their domain-specific requirements at a lower cost. These companies include ecommerce firm Flipkart, which has developed an SLM to help it understand the interests of shoppers. Another model was developed jointly by Hyderabad-based non-profit Swecha (formerly Free Software Foundation Andhra Pradesh) and call centre software provider Ozonetel.

DCB Bank and Easy Home Finance have agreed to tie up for disbursing affordable home loans. DCBs' affordable housing loans will be routed through the mortgage company's tech platform to enable quick disbursements, according to a statement by the companies. «Our expertise in origination and credit assessment will be boosted with the expertise and digital tech of Easy Home Finance,» said Narendranath Misha, head-retail and agri loans at DCB Bank.