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₹50,000 and expand higher-ticket loans. In an exchange filing on Wednesday, December 6, One97 Communications Limited (OCL) which owns the brand Paytm, said it will further "expand its business to offer higher ticket personal and merchant loans, which would be targeted at lower-risk and high-credit worthy customers, in partnership with large banks and NBFCs (non-bank financial companies)." Besides, the company said it will cut down on smaller loans, keeping in mind the prevailing macro conditions and the Reserve Bank of India's rules on consumer lending.

“Prime Video was already big on acquiring big tentpole film and Netflix has caught on. Budget allocation to big Hindi and southern movie titles will only increase," Andhare said. According to the Ormax report, Shah Rukh Khan-starrer Jawan that dropped on Netflix in November, recorded a launch week buzz of 53%, the highest any property has managed on OTT, since the second season of The Family Man in June 2021.

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India's first significant defence export. The missile is the first such armament developed jointly by India and Russia. These missiles are manufactured by Brahmos Aerospace in India.

how to address the substantial risks AI poses, and asking companies to self-regulate. What about companies? Anticipating the government’s move to regulate development and deployment of AI, in July 2023, four companies introduced a Frontier Model Forum. The White House secured voluntary commitments from 15 leading AI companies to manage risks posed by AI.

Paytm, tumbled in today's trade, locking at the lower circuit limit of 20%, reaching 650.45 apiece. This sharp fall came after the company announced plans to cut back small ticket loans amid regulatory changes.

SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major driver of China’s growing consumer economy as it pioneered online shopping in China.

Fixed Invest, a fintech startup, has collaborated with Bajaj Finance to provide digital fixed deposit (FD) options to its clients and associates. Having introduced India’s inaugural FD marketplace, the company has forged a digital fintech alliance with Bajaj Finance. This collaboration enables investors on the Fixed platform to access and invest in all FD options offered by Bajaj Finance. Investors can seamlessly explore, learn about, invest in, and manage their Bajaj Finance FDs through this partnership.

Emart, South Korea’s largest retailer and supermarket chain, says its new next-generation ATMs could soon feature crypto and security token offering (STO) trading functions.

Meta Platforms will add invisible watermarking to its text-to-image generation product imagine with Meta AI chatbot in the coming weeks to enhance transparency, the Facebook parent said on Wednesday. The social media firm rolled out products infused with artificial intelligence (AI) for consumers, including bots that create photo-realistic images and smart glasses that answer questions, in late September. «We aim to bring invisible watermarking to many of our products with AI-generated images in the future,» Meta said in a blog post, adding that it is resilient to common image manipulations like cropping, and screenshots, among others. The success of ChatGPT — Microsoft-backed OpenAI's chatbot — has led firms to leverage the power of large language models in creating AI-powered products to attract new investors, push for innovation, retain old customers and engage new ones. Meta made Meta AI using a custom model based on the powerful Llama 2 large language model that the company released for public commercial use in July. The company is testing more than 20 new ways generative AI can improve experiences across its social media platforms, including Instagram and WhatsApp. The Menlo Park, California-based company is expanding access to imagine outside of chats, making it available in the U.S.

Narendra Modi is scheduled to address the second edition of the prominent Financial Technology event, Infinity Forum 2.0, on December 9, 2023, according to an official release. As per the statement, the event is hosted by the International Financial Services Centres Authority (IFSCA) and GIFT City, under the aegis of the Government of India.

Meta Platforms will add invisible watermarking to its text-to-image generation product imagine with Meta AI chatbot in the coming weeks to enhance transparency, the Facebook-parent said on Wednesday. The social media firm rolled out products infused with artificial intelligence (AI) for consumers, including bots that create photo-realistic images and smart glasses that answer questions, in late September.

Meta Platforms will start fully encrypting messages on Facebook and Instagram by default, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The social media giant this week will begin automatically shifting Facebook users to end-to-end encryption for their messages, rolling out the change over the course of weeks, the WSJ reported.

Reserve Bank of India (RBI) and European regulators are yet to resolve a standoff regarding the treatment of the local platform for government bond trading, Deutsche Bank, one of the affected parties, has had to stump up more than ₹1 billion in capital for central counterparty exposures in the last quarter. The massive increase in risk-weighted assets (RWA) for the German banking giant, which plays a major role in handling overseas investment flows into India, came after the European Securities and Markets Authority (ESMA) de-recognised the Clearing Corporation of India in October 2022. According to regulatory reporting documents seen by ET, Deutsche Bank saw its RWA for risk exposure to an unnamed central counterparty clearing house increase to ₹3.76 billion as on September 30 from ₹997 million as on June 30. RWA essentially implies bank capital that must be set aside in accordance with risks.

National Payments Corporation of India (NPCI) to digitise the country’s large utility bill payments market, is now increasingly being used for loan repayments and clearing credit card dues. The way utility bills get generated for consumers every month, EMI (equated monthly installment) gets generated every month on a specific date for borrowers. The customer can use any mode of payment to clear the EMI due, and this is where the BBPS platform is fast emerging as a popular tool.

global capability centers (GCCs) in India established a base in a tier II city as companies sought to tap new talent markets, according to data from CBRE. In addition, GCCs across sizes and maturity levels are expanding and consolidating their footprint in India even as global technology demand remains cautious.

Robinhood (NASDAQ:HOOD) shares are up more than 7% Wednesday following positive comments from Mizuho analysts regarding the company's potential crypto share gains.

Fast-growing technology platforms that specialize in whiz-bang online trading at times fall short of securities industry rules. The most notable recent example was Robinhood, the mobile brokerage app and brokerage thatagreed in 2021 to pay a total of $70 million in fines and restitution to settle claims it harmed customers as a result of false or misleading information, system outages and approval of trade options that were not appropriate. 

Netflix is gearing up for the release of "Gundam: Requiem for Vengeance," a Japanese sci-fi anime series set in the acclaimed Gundam franchise. Directed by Erasmus Brosdau and scripted by Gavin Hignight, the series is a collaboration between Bandai Namco Entertainment, Safehouse, and Sunrise, bringing together the minds of Hignight and Naohiro Ogata as executive producers, along with Hiroaki Yura as a series producer.

NEW DELHI : Online sporting (e-sports) events are emerging as a big revenue opportunity with growing enthusiasm for the nascent gaming sector in India, industry executives said. The country, with 42.5 crore gamers, second only to China, saw a string of e-sports events this year with substantial prize money on offer. On 27 August, e-sports firm Nodwin Gaming, a subsidiary of the only publicly-listed gaming company Nazara Technologies, concluded the second edition of its Battlegrounds India Master Series (BGMS).