Software Financial News

FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchange's collapse in part because they secured the cooperation of its chief software engineer, one of the prosecutors said on Tuesday. Speaking five days after Bankman-Fried was sentenced to 25 years in prison, Assistant U.S. Attorney Thane Rehn said former FTX Chief Technology Officer Gary Wang's assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.

Stocks that are trading heavily or have substantial price changes on Tuesday: Tesla, UnitedHealth Group fall; Roivant, Valero rise

Singularity Growth on Tuesday announced the appointment of Sandeep Bapat as senior partner and co-chief investment officer (CIO). In his new role, Bapat will be responsible for identifying key trends and eventual steady-state outcome for current and potential portfolio companies. With a focus on delivering returns for portfolio companies, he will have leadership responsibilities for investment activities at the firm besides serving as a member of the investment committee. Bapat was previously a partner at Trifecta Capital and executive director at Hillhouse Capital, and has also worked at Blackstone.

Elements is expanding its presence among fee-only financial planners through a new partnership with XY Planning Network, the independent advice and planning platform co-founded by Michael Kitces.

Stocks that are trading heavily or have substantial price changes on Monday: AT&T, FedEx fall; Ballard Power, Semtech

Microsoft will stop packaging its Teams videoconferencing app with its Office software after the practice attracted antitrust scrutiny

cybercriminals to exploit individuals who rely on these convenient charging ports while on the move. Termed "juice-jacking," this insidious technique enables hackers to clandestinely pilfer sensitive data or implant malicious software onto the devices of unsuspecting users. When individuals innocently connect their gadgets to compromised ports, they unwittingly expose themselves to potential data theft, malware installation, or device takeover.

China launches an amphibious attack on Taiwan. The U.S. responds with a missile attack to sink Chinese ships.

ICICI Securities, adding that athleisure remains a pain point for Page, contributing more than 30% to revenues Recall that in Q3, Page’s revenue grew marginally by 2.4% year-on-year, after remaining flat to negative in the previous four quarters. Volume growth of about 5% was driven by the innerwear segment, while athleisure wear continued to be a laggard. Now, if the core issue of excessive inventory persists in the athleisure segment, it could delay a meaningful earnings recovery.

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act.

Infosys, India's second largest software services exporter, has made a windfall gain of Rs 6,329 crore due to income tax refund orders for 11 assessment years. The company got the refunds in the fourth quarter of financial year 2023-24, the company said. The refunds, inclusive of interest, pertain to assessment years spanning from financial years 2007-08 to 2018-19, except 2016-17.

Trust Fintech IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case. Follow the step-by-step process mentioned below to check the status of the allotment.

Cognition Labs, a startup developing an artificial intelligence tool for writing code, is in talks with investors to raise funding at a valuation of up to $2 billion, in a test of the investor frenzy around new AI technology. If completed at that valuation, the funding would increase the startup’s valuation to nearly six times what it was weeks ago. Silicon Valley venture firms including Founders Fund, already a shareholder in Cognition, are in talks to invest in the current round, people familiar with the matter said.

Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions

Apple is gearing up for the release of its highly anticipated new iPad Pro and iPad Air models, with a targeted launch in early May. The original launch window, speculated to be in late March or early April, was postponed due to software enhancements and the intricate manufacturing processes involved in incorporating new OLED displays into the iPad Pro lineup. According to Bloomberg's Mark Gurman, Apple's suppliers have accelerated the production of these cutting-edge devices, signalling an imminent launch. Gurman notes that while the company is still finalizing software updates for the iPads, significant upgrades are on the horizon.

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Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped by strong sales and an improved product portfolio. Revenue jumped nearly 10% from a year earlier, to 704.2 billion yuan ($97.4 billion).

pilots are resenting the Directorate General of Civil Aviation's (DHCA) decision to defer the implementation of the new rules on pilot duty and rest period, pointing to fatigue-induced safety concerns. The Federation of Indian Pilots (FIP), which has more than 5,000 members, has told the aviation regulator this decision endangers and undermines the safety of pilots and passengers. «The latest revision by the DGCA has made the revised regulations a dead letter of the law as it has effectively granted operators discretionary powers in implementing the revised rules,» the FIP wrote in a letter to civil aviation minister Jyotiraditya Scindia. «Health and safety of the pilots cannot be prejudiced for the commercial benefit of the operators,» said the letter dated March 28 and reviewed by ET.

funding value of about $622.5 million in March 2024, down 37% from the same month a year ago. Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, they had raised a total of $990 million across 133 rounds, as per Tracxn data. The funding winter was in full force by then, having begun from September 2022.

In the dynamic world of cryptocurrency, innovation and evolution are constant themes driving investor interest and excitement. Recently, a study likened Solana, a leading blockchain platform, to the revolutionary practices of tech giant Apple, highlighting its groundbreaking advancements in merging hardware and software within the crypto realm.

SaaS startups rework pricing models amid shrinking budgets Among the business models, KYC software received the highest funding at $107 million between January and 15 March, followed by hyperlocal delivery app at $100 million. Fintech received $429 million in funding, marking a 48% growth from the last quarter's $289 million.