Platform Financial News

Indian multinational conglomerate Reliance’s financial services arm – Jio Financial Services (JFS) – is tapping blockchain tech and central bank digital currencies (CBDCs) for its offerings.

Content creators, data producers and businesses are pushing back against generative AI by erecting legal and technical barriers to machine learning (ML). AI training on large language models, such as ChatGPT, is facing copyright infringement lawsuits. More are in the offing.

By Anna Tong

Goldman Sachs Group struck a deal to sell an investment-advisory business aimed at the mass-affluent market to Creative Planning LLC, a $US240 billion ($373 billion) wealth-management firm, according to people with knowledge of the matter.

G20 Sherpa Amitabh Kant on Monday stressed on the need to boost crop productivity through adoption of new cutting-edge technologies and said the farm sector should be made smart and adaptive to climate change. Kant was speaking at the G20 India Agri-tech Summit 2023 held here. For higher economic growth of India, he said, «India needs to grow in the agriculture sector.

Centre's submission on pleas challenging the abrogation of Article 370 that the Constitution of Jammu and Kashmir is «subordinate» to the Indian Constitution, which is on a higher pedestal.

Novak Djokovic will play Alexandre Muller in the round one of the US open 2023 at Arthur Ashe stadium on Monday. Three-time US Open champion Novak Djokovic was absent from the previous year's US Open due to the stringent regulations regarding unvaccinated individuals against Covid-19 in the country. However, he is now poised to make a comeback to the United States, aiming to assert his presence following his defeat by Alcaraz at Wimbledon earlier in the summer. The US Open, marking the final Grand Slam event of 2023, has generated heightened enthusiasm and expectation. Fans are eagerly anticipating whether Carlos Alcaraz can successfully defend his title from 2022, maintaining his position as the world's number one men's tennis player. The official commencement of the tournament was on Monday, August 28, hosted at the USTA Billie Jean King National Tennis Center in New York.

Founded in 2018 by Rishabh Goel, Anand Agarwal, and Mayank Khera, Credgenics is revolutionizing the way collections are made and serviced in the country. The AI-powered SaaS-based platform has also garnered recognition from IBS Intelligence as the #1 Bestselling Loan Collection Platform in India in their Annual Sales League Table 2022.Digital debt collections is the need of the hour with lending moving into the instant mode, digital format, and fast gear.

Crypto criminals have stolen more than $10 billion to date, despite crypto crime slowing down, a new report said on Monday. According to data presented by AltIndex.com, crypto scammers and hackers stole more than $3.5 billion of cryptos in 2022. Cryptocurrency heists took off in the last six years, going from only 15 hacks reported in 2017 to 136 in 2021, according to Comparitech data. During this time, the total value of stolen cryptos increased eight times, from approximately $324 million to a staggering $2.7 billion.

By Brendan O'Brien and Rich McKay

investment firm Tiger Global has sold its remaining 1.44% stake in online food delivery platform Zomato in the open market on Monday. According to BSE bulk deal data, Tiger Global's Internet Fund III PTE has sold 12.35 crore shares at Rs 91.01 apiece to raise about Rs 1,124 crore.

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.

Foundation Season 2 premiered on Apple TV+ on Friday, July 14, 2023, and since then has caught the fancy of the viewers. The series, based on the classic novel of the same name by Isaac Asimov, is an Apple TV+ original. Foundation Season 2 has had new episodes being released every week since its premiere. Here’s the preview of Foundation Season 2 Episode 8.

Immediate Connect comes in - a cutting-edge platform designed to facilitate speedy communication. Whether it's team collaboration or client interactions, Immediate Connect provides a seamless experience that enables individuals and organisations to communicate efficiently and effectively. With Immediate Connect, messages are delivered instantaneously, ensuring real-time conversations and quick decision-making.

Vivo V29e comes in two variants: the 8GB RAM + 128GB storage version is priced at Rs. 26,999, and the 8GB RAM + 256GB storage variant is available for Rs. 28,999.

momo seller in Lucknow has gone viral on the internet. The video, posted on Instagram, has captured the attention of over 6 lakh viewers on the social media platform. In the video, the man confidently selling momos introduces himself as an English professor. The video showcases the professor's enthusiastic promotion of his homemade momos, with a strong appeal to potential customers: «Experience the delight of these homemade momos, my friends.

New Delhi (India), August 17: RepUp, a leading provider of reputation management and customer experience solutions partners with SADA and Google Cloud, leveraging the power of Cloud technology to drive business growth. Through this collaboration, RepUp has transformed its operations and delivered enhanced value to its customers.

ethos pervades everything that we conceive, believe, and achieve at Reliance. Esteemed Friends, In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals and achieved them.

Reliance Industries. “Jio Financial Services will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players," Ambani said in his address to shareholders at Reliance Industries’ Annual General Meeting (AGM) on Monday. JFS will use predictive data analytics to co-create contextual products with partners and cater to customer requirements in a truly unique way, Ambani added.

By Munsif Vengattil and Dhanya Skariachan

Reliance Industries chairman Mukesh Ambani on Monday announced that the conglomerate's financial services division Jio Financial Services may also start offering blockchain-related products as well as digital rupee. «JFS products will not just compete with current industry benchmarks but also explore path-breaking features such as blockchain-based platforms and CBDC. They will adhere to the highest standards of security, regulatory norms and ensure protection of customer transaction data at all times,» Ambani told shareholders at the company's AGM. The RBI has devised the central bank digital currency (CBDC) known as e-rupee as a digital alternative to physical cash — using blockchain distributed-ledger technology.