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₹230 crore in FY23, Purplle in a statement in July announced that it is operationally profitable. The company also said that it is currently spending on growing its online platform faster than the industry, while scaling offline stores and improving profitability. Earlier, in June, eyewear brand Lenskart, which has seen a series of fundings over the past year, also closed its latest round of $200 million from Temasek and Fidelity through a secondary share sale.

Note: The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, consult your adviser. This article is strictly for educational purposes only.  Brijesh Bhatia has over 18 years of experience in India’s financial markets as a trader and technical analyst. He has worked with the likes of UTI, Asit C Mehta Financial Services, and Edelweiss Securities. Presently he is an analyst at Definedge. Disclosure: The writer or his dependents may or may not hold the stocks/commodities/cryptos/any other asset discussed in this article.

Tata Motors offers flexible shift timings for women and door-to-door transport equipped with female security personnel and audio-enabled CCTV. For women who work on the shop floor across shifts, there are mid-level managers in some locations who voluntarily rotate supervision until the last woman employee reaches home and reports back to the local leadership team, said Tata Motors CHRO Sitaram Kandi. E-commerce giant Amazon also has similar measures in place.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

In the fast-paced world of Web3, where every day feels like a year in traditional finance, three projects, MinePro, Aptos (APT), and DogWifHat (WIF) are causing chatter for different reasons. As MinePro’s presale races past the $700,000 mark, it’s clear that this project is capturing serious investor attention with its innovative approach to Bitcoin mining. Meanwhile, Aptos is regarded bullishly by analysts despite recent negative price action, and DogWifHat is climbing back from recent lows with a heavy struggle, causing questions about it’s long term viability. Let’s break down what’s happening with Aptos and DogWifHat before diving into why MinePro could be the next big thing in the crypto-mining space.

Sitharaman Monday asked public sector banks, or PSBs, to make concerted efforts to mobilise deposits by conducting special drives to sustainably fund credit growth. Sitharaman reviewed the performance of PSBs and asked them to expeditiously implement recent budget announcements, including, a new credit assessment model for MSME (Micro, Small & Medium Enterprises) based on digital footprint and cash flows. Sitharaman, a finance ministry statement said, observed that while credit growth had picked up, mobilisation of deposits could be improved further. The finance minister was reviewing the performance of PSBs on their financial parameters, deposit mobilisation, digital payments, cyber security framework, and access to credit under financial inclusion.

Sebi has proposed to replace the term 'consent letter' with 'debenture trustee agreement'. The change will streamline the process for appointing debenture trustees in the issuance of securities, ensure transparency in the appointment of debenture trustees, and play a crucial role in the securities market. In a consultation paper floated on Saturday, the markets watchdog proposed replacing the term «consent letter» with «debenture trustee agreement» in Sebi's (Issue and Listing of Non-Convertible Securities) rules or NCS regulations.

Samajwadi Party president Akhilesh Yadav on Monday said 'PDA' has this time defeated MY (Modi-Yogi). 'PDA' is acronym given by Yadav for 'picchde, Dalit, alpsankhyak' (backwards, Dalits and minorities). Taking a jibe at the state government, the former chief minister said, «Earlier they (BJP) used to call me (his party SP) MY (Muslim Yadav), but this time 'PDA' together has defeated MY (Modi Yogi). It has been two and a half years since the UP government was formed and 'PDA' has brought the Central government under control.» «We should not forget PDA. Whenever SP government is formed, we will work to increase the security and respect of PDA. All of you will also work together to take 'PDA' forward,» he added addressing his party workers in Saifai, where he reached for the Raksha Bandhan celebrations.

Quidax, a cryptocurrency exchange founded in Africa, said it has become the first crypto exchange to receive a ‘provisional operating license’ from Nigeria’s Securities and Exchange Commission (SEC).

equity indices closed flat on Monday, as gains in energy and metals stocks, on a cut in windfall tax on crude and a soft U.S. dollar, respectively, were offset by profit booking in financials. The NSE Nifty 50 index rose 0.13% to 24,572, and the S&P BSE Sensex shed 0.02% to 80,424.

Nifty ended Monday’s range-bound session 31.5 points higher to form a small red candle on the daily chart, which signalled hesitation after Friday’s upside breakout. The short-term trend of Nifty continues to be positive. Having placed at the key overhead resistance around 24,700, there is a possibility of some more consolidation or minor dip in the next 1-2 sessions, before showing another round of upside breakout.

markets regulator said on Monday. The regulator introduced the Sebi Settlement Scheme, 2022, allowing entities to settle their cases. After the scheme closed, the regulator continued legal proceedings against those who did not participate. Some of these entities challenged the decisions by appealing to the Securities Appellate Tribunal (SAT). During a hearing in September 2023, the Tribunal directed that if a new settlement scheme is introduced in the future, the appellants would be eligible to benefit from it, and the scheme would cover their cases.

Finance Minister Nirmala Sitharaman chaired a meeting to review performances of Public Sector Banks in Delhi on Monday. The meeting was also attended by Dr Vivek Joshi, Secretary, M Nagaraju, Secretary-Designate, Department of Financial Services, Heads of Public Sector Banks (PSBs) and senior officials of Department of Financial Services (DFS). Various financial parameters like Deposit Mobilisation, Digital Payments and Cyber Security, Implementation of new credit products/ schemes and Access to Credit under Financial Inclusion were discussed in detail. During the meeting it was noted that during FY24, the PSBs performed well across all financial parameters as evidenced by improved asset quality with Net NPAs (NNPAs) declining to 0.76 per cent, sound capital adequacy of the banks at 15.55 per cent, Net Interest Margin (NIM) of the banks at 3.22 per cent, and highest ever net aggregate profit of Rs. 1.45 lakh crore with the dividend of Rs 27,830 crore to the shareholders. Improvements over various parameters have also enhanced the ability of PSBs to raise capital from the markets.

Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday highlighted the plight of gig workers and asserted that the Congress governments in states would make concrete policies to solve their problems while the INDIA bloc would strive for ensuring their nationwide implementation. Gandhi made the remarks on X, where he posted a video of a recent ride he took in a Uber cab and the interaction he had with the driver. «Low income and inflation ruining lives — this is the plight of India's gig workers! In discussion with Sunil Upadhyay ji during a Uber ride and then, after meeting his family, took stock of the problems faced by gig workers such as cab drivers and delivery agents in the country,» the former Congress chief said in Hindi on X.

An array of issues ranging from a potential increase in provisions for credit losses (PCL) and the impact of the Bank of Canada’s rate cuts on loans to money laundering troubles are likely to dominate discussions this week and next as Canada’s top banks release their earnings.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Imagine sending a secret message to someone. Traditionally, you might use a unique code or encryption to keep it safe from prying eyes. But can you guarantee that no one intercepts or tampers with your message, especially without being detected? That’s where quantum cryptography comes in.

IRCTC’s journey can be pleasant if non-convenience fee surprises At an all-India level, the average cement price fell around 3% month-on-month in July to five-year low of ₹313 per bag, according to IIFL Securities Ltd. One cement bag weighs 50 kilograms. Cement prices have fallen further in August in southern markets – by ₹10-15 a bag – while prices are steady in other markets, said the IIFL report dated 9 August.