Platform Financial News

Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI and reported to be in talks to make a return before finally being replaced.

Mastercard is intensifying its efforts to identify and prevent fraud within crypto exchanges. Mastercard announced a partnership with Feedzai, a regulatory technology platform leveraging artificial intelligence to combat online money laundering and crypto scams.

Crypto trading platform WOO X has resumed operations after one of its market markers saw a significant amount of crypto assets withdrawn due to a breach of its security system.

unicorn Razorpay has rolled out a ‘returnship’ programme for female professionals on a break who are looking to return to the workforce. Last month, the Bengaluru-based company launched ‘Resume with Razorpay’, under which it provides a six-month internship to female professionals to facilitate their return to work. The programme is being offered to women who have taken a break of two or more years. According to the company, more than 12,000 women have applied for it so far. Eight in 10 women who have taken a career break intend to return to work, and four in 10 women are now ready for full-time jobs, according to data from HerKey (formerly JobsForHer), a career engagement platform for women. “To start with, we have opened this up for various roles in our engineering team.

₹70,000 crore so far this fiscal. Part of the reason is the government's decision to withdraw ₹2,000 notes from circulation in May this year. Meanwhile, the total number of ATMs increased by about 3,000, or by about 1.2%, during this period.

₹99 for a month for Android users and ₹135 per month for iOS users. Atrangii is an OTT platform owned by film, television and web content producer Vibhu Agarwal. The ‘super app’ will be available for ₹180 for three months for Android users and Rs.225 for iOS users while the annual Android and iOS plans will cost Rs.333 and ₹369 respectively.

DSP Mutual Fund has announced the launch of DSP Banking & Financial Services Fund (DSP BFSF), which is an open-ended scheme that offers investors an opportunity to partake in the long term structural opportunity in the banking and financial services space. 

Sunrise Spices, an ITC brand in East India, unveils a spice range, ‘Swaad Bihar Ka,’ featuring packs adorned with Madhubani paintings by local artists. The initiative provides a platform for talented women, capturing Bihar’s culture through art. In line with efforts to showcase Bihar’s culture, Sunrise releases a music video during the festive days of Chhath, continuing its journey to showcase ‘Swaad Bihar ka.’

Vishal Goyal, Head of Research, UBS Securities, says NBFCs which are purely or mostly doing unsecured lending, are the most impacted as would be some banks which are unsecured and who have just entered unsecured and because their own cost of funding constraints might have taken additional risk. Then there is a category of large banks or top banks. They have historically been doing this business and have been taking less risk, even within unsecured. They would largely be unimpacted from a credit loss point of view. But almost everywhere we would see a slowdown.” You analyse this space pretty closely and RBI did kind of drop hints in multiple platforms about the way unsecured, especially consumer loans were growing at a very scorching pace and now they have moved. How much capital requirement or slowdown in the growth these names would have to see before they normalise? One, there is a direct impact on tier one which we estimate would be anywhere between 30 to 50 bps depending upon which bank we are talking about. Second, there is an indirect impact of increasing risk weights on lending to NBFCs which increases the cost of borrowing for NBFCs effectively and therefore, it will also have an indirect slowdown impact on overall consumer loans.

social media giants like TikTok, Snapchat, YouTube and Meta (parent company of Instagram and Facebook) in the US and they feel the tech companies as «big, bad monsters». According to the BBC, the plaintiffs include ordinary families and school districts from across the US.

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

OpenAI, the artificial intelligence startup behind ChatGPT, stood by its decision to oust cofounder and CEO Sam Altman. The company named Emmett Shear, cofounder and former CEO of Twitch, as the new interim CEO, pushing aside Mira Murati, OpenAI executive who was named interim CEO after Altman's ouster.

Windows 11, offering users greater control over their operating system, in response to the Digital Markets Act (DMA) in the European Economic Area (EEA). These changes, set to roll out in early 2024, allow Windows 11 users to uninstall Microsoft Edge, Bing, and even disable ads, providing a more customisable experience.

Mastercard is doubling down on its efforts to detect and prevent fraud that's routed through cryptocurrency exchanges.

Renault Duster from the new generation has had its image leaked online, providing a glimpse of the car's silhouette. While still bearing a resemblance to the original Duster, the compact SUV now exudes a more stylish and sophisticated appeal. As per the publication, the new generation Renault Duster features a distinct design, diverging significantly from its original iteration.

Elon Musk denounced what he calls "bogus" media reports accusing him of anti-semitism. This response follows his recent endorsement of content on X that sparked outrage and led major advertisers like Apple Inc. to distance themselves from the platform.

Originally launched as a YouTube original series, Cobra Kai transitioned to Netflix after its first two seasons and has since gained immense popularity, emerging as a global hit for the streaming platform. Serving as a continuation of The Karate Kid film series that has been a fixture since the mid-1980s, Cobra Kai picks up 34 years after the events of the original Karate Kid. The series reignites the long-standing rivalry between Johnny Lawrence and Daniel LaRusso. Netflix made the official announcement on January 20, 2023, confirming the return of Cobra Kai for its sixth and final season, five months after the release of Season 5 in September 2022. Following the conclusion of the SAG-AFTRA strike in early November 2023, it is anticipated that production for Cobra Kai Season 6 will commence in early 2024. Despite the accustomed regularity of new Cobra Kai seasons on Netflix, the wait for the sixth season might be the longest for subscribers. While there is no official confirmation, «Cobra Kai» Season 6 is likely ot release during mid-to-late 2024.

NEW DELHI : India’s music lovers are flocking to paid subscriptions, after moving from free and pirated music to advertising-led platforms years ago. The change bodes well for audio streaming companies, who had come to rely on advertising for long.

In recent developments within the NFT ecosystem, a consistent growth pattern has emerged, as reported by Nansen, a blockchain analytics platform. Over a five-week period, the NFT market has seen a robust increase in trading volumes, particularly in Ethereum (ETH) transactions. The upward trajectory commenced in the week closing on October 9th, with NFT sales amounting to 29,704 ETH. By the week ending November 6th, this figure nearly doubled to 68,342 ETH.

Coinbase, the prominent cryptocurrency exchange platform, has strategically augmented its Global Advisory Council with the induction of four esteemed national security experts on November 7, 2023. This move comes as part of Coinbase's ongoing efforts to navigate the intricate landscape of global crypto regulations and strategic industry decisions. The newly appointed members are Dr. Mark T. Esper, Stephanie Murphy, Frances Townsend, and David Urban, each bringing a wealth of experience and deep insights into national security, which is becoming increasingly intertwined with the crypto and blockchain sectors.

World Cup 2023 final being played in Ahmedabad today, quick delivery companies like Zepto, Blinkit and Instamart Sunday reported skyrocketing orders, even bigger than Diwali, for core cricket viewing-day products like snacks and beverages beside puja flowers and Indian cricket team jerseys just before the match started at 2 pm. “This is the event of decade in India, even bigger than Diwali…Zepto is the perfect platform for core cricket-viewing products like beverages and snacks which is why we’re seeing a major boost in volume today" BQ Prime quoted Aadit Palicha, cofounder and CEO of Zepto as saying.