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Bloomberg. Citing people familiar with the matter, the report said that the discussions also involve the two companies jointly building a new e-commerce platform.

Unicommerce saw its operating revenue jump 52.5% to Rs 90 crore in financial year 2023 from Rs 59 crore in FY22. Net profit rose 8% to Rs 6.45 crore from Rs 5.98 crore in FY22, according to its financial statements, filed with the Registrar of Companies (RoC). Unicommerce’s expenses ballooned to Rs 84.1 crore in FY23 from 54.4 crore in FY22. A significant amount of the expenditure was attributed to an increase in employee benefit expenses, server costs and other expenses.

Mastercard, on Thursday, announced a collaboration with U GRO Capital to extend financing solution to small businesses in India that require financial support to maintain and grow their operations. This collaboration aims to address this challenge by enabling a holistic digital supply chain financing solution for millions of small businesses in India. MSMEs in India have long grappled with substantial challenges, including constrained access to capital.

Reliance Industries Ltd., has partnered with sports enterprise Sports For All (SFA) to broadcast school-level sports competitions on television and digital platforms. The SFA Championships will be available on Jio Cinema, Sports 18 – 2, and Sports 18 Khel starting 3 December, making grassroots-level sports widely accessible in India. “We endeavour to continue spotlighting school-level talent by including SFA Championships in our portfolio," said Siddharth Sharma, head of content, TV and Digital, Viacom 18 Sports, in a statement.

TikTok creator Manjita Manandhar was caught off guard when the Himalayan nation banned the popular social media platform last week for disturbing «social harmony and goodwill». «I was shocked as the decision came suddenly,» said Manandhar, who earns about $1,500 a month by making content for restaurants, hotels and brands, and posting them on the app.

AustralianSuper has blasted attempts by Brookfield to “buy more time” on its $18.7 billion bid for Origin Energy, describing an alternative deal asa “low-ball offer” that would shortchange investors in favour of a private equity consortium.

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₹451 apiece to ₹821.40. Despite a subdued start in January with a 4.4% decline, the stock gained momentum from February onward, marking a substantial 30.26% increase. This positive trend has persisted into November, with the stock already registering a 17% uptick this month.

Every day, lots of memecoins are launched, but most never make it anywhere, or pump for a week and then die down. So unless you’re very early, and are sure the token is genuine, you might be in for a ride to the bottom. GROK anyone? (There are about 20 of them listed on Dextools.io right now).

Staying ahead of market trends is a game-changer in cryptocurrency trading. One particular Telegram group, the Kucoin Millionaire’s Club, stands out as a trailblazer for traders looking to navigate the complexities of the crypto arena successfully. Positioned as the best-kept secret in the Telegram community, this exclusive group provides insights and predictions that set the stage for a life of luxury and financial success in the crypto markets.

gaming smartphones in India is rising with the boom of the gaming industry in the country. However, with the numerous options available in the Indian market it can be difficult to find the right gaming phone while taking cognizance of one's budgetary requirements. Here's a look at top gaming phones available under ₹35,000 in India: The 12GB RAM/256 GB storage variant of the IQOO Neo 7 Pro is currently priced at ₹35,999 but the price can even be reduced The iQoo Neo 7 Pro 5G boasts of a 6.78-inch Full-HD+ AMOLED screen having a contrast ratio of 8,00,00,00:1, DCI-P3 color gamut, and the ability to reproduce 1.07 billion colors.

Vistas Media Capital, which has ambitions to raise $100 million in capital for its film and digital content projects in India, has closed a $10 million funding deal with Kitara Capital, a Middle East-based global investment group. “We have raised $10 million from Kitaara Capital. This is our first investment for the company, and we intend to raise $100 million for investing in film and digital content over the next three years,” Abhayanand Singh, CEO of Vistas Media, told ET. Singh added that the company will utilise the funds to develop, produce, finance, and distribute Indian content across theatrical and digital platforms globally. «We currently have theatrical and non-theatrical films, as well as digital content, under development in Hindi and Tamil.

Dish TV, and Sun Direct—declined nearly 10% to Rs 11,072 crore in FY23, compared to Rs 12,284 crore the previous fiscal year, according to data obtained from the four firms' regulatory filings. Furthermore, the four DTH companies have incurred a net loss of Rs 2143 crore cumulatively, with Dish TV posting the biggest loss of Rs 1684 crore. All four DTH operators recorded losses in FY23, while three of the four DTH operators—aside from Dish TV—reported profits in FY22. However, Dish TV’s losses in both FY23 and FY22 were due to exceptional items amounting to Rs 1,908 crore in FY23 and Rs 2,654 crore in FY22, the company said in a statement. It added that the exceptional items were due to the impairment of intangible assets under development, trademarks or brands, property, plant equipment (PPE), and goodwill related to its merger with Videocon D2H and related accounting. Experts say that the DTH business is under stress due to a decline in the subscriber base and the average revenue per user (ARPU).

US-Canada bridge in Niagara Falls on Wednesday, November 22, resulting in two people dying and necessitating the closing of four border crossings in the area, authorities said. No preliminary information was available on the cause of the explosion, but it provoked concern on both sides of the border. Canadian Prime Minister Justin Trudeau said officials were "taking this extraordinarily seriously", and the White House said President Joe Biden was "closely following the developments".

A jury has found ex-RCMP intelligence officer Cameron Ortis guilty of sending sensitive information to alleged criminals and money launderers in an unprecedented trial.

investors have raised their stakes in ICICI Securities, the investment banking and broking arm of ICICI Bank, in the past three months after the company announced delisting plans in June. Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process.

government will come out with a definitive “risk-based” framework with multiple options for social media and internet intermediaries to ensure age-gating and subsequent parental consent management, multiple people aware of the development told ET. This framework will have to be adopted by social media companies such as Meta-owned Facebook and Instagram and Google’s YouTube along with all edtech and health platforms among others, they said.

Cars24, Spinny, CarDekho and CarTrade Tech have increased efforts on generating revenue from ancillary sources such as auto financing, insurance and classifieds, after witnessing a palpable slowdown in growth last fiscal year. According to people tracking the sector, these firms faced the slowdown as the “growth-at-all-costs” push by venture-backed companies took a backseat and they started focusing on improving unit economics by controlling expenses. Tweaking of business models continued into the current fiscal 2024 as well.

OpenAI over the past four days has sparked calls for reducing dependence on the use of a single Generative Artificial Intelligence (GenAI) tool by technology and startup executives that use the product or were planning to sign up. On Wednesday, OpenAI confirmed that Sam Altman was being restored as the CEO, bringing closure to the meandering saga at the most important GenAI company in the world. The twists and turns since his initial ouster had kept everyone in the startup community on tenterhooks.

There are a lot of myths surrounding turnkey asset management platforms. And because of those myths, a lot of advisors might be missing out on what TAMPs have to offer.

Jujutsu Kaisen enthusiasts were met with disappointment as the official X account of the anime announced a delay for the release of Season 2 Episode 18. Originally scheduled for streaming in Japan on Thursday, November 23, the episode will now be available a day later on Friday, November 24, 2023, at 6 pm JST. While television broadcasts remain unaffected, the unexplained delay has left fans curious about the reasons behind this sudden shift in the release schedule.