Happy Thursday! Peer-to-peer lending firms are scrambling to comply with the central bank’s rules by tweaking their products. This and more in today’s ETtech Morning Dispatch.
"I don't think I've hit a ball that sweet before," Watkins said after England's 2-1 victory over the Dutch in the semifinals on Wednesday. Suddenly, Watkins is the toast of England, an improbable turnaround in fortunes for a striker who had played 24 minutes at Euro 2024 - as a substitute in the group stage against Denmark - before replacing captain Harry Kane in the 80th minute for the biggest moment of his career.
Markets fell half a percent. TCS, Tata Elxsi, Anand Rathi Wealth, and Akme Fintrade Q1 results are in focus. Canada Pension Plan sold Nykaa shares at Rs 174 apiece. Glenmark promoters to sell a 7.85% stake. Moody's affirmed YES Bank's Ba3 rating. Siemens and RVNL won the Bangalore Metro Rail Corp project. Kesoram posted a Rs 62 crore Q1 loss.
Tech rally lifted Asian stocks, S&P 500, and Nasdaq 100; Taiwan Semiconductor strong. Powell hinted at rate cuts; core CPI to rise. China tightened short selling. Inflation data awaited. Japan orders, Thai confidence, Malaysia, and South Korea policies in focus. Fed cuts in 2024 expected. Global equities hit record, yen stable, Apple improved from 2023.
India's P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per Annum, aiming for an OBPP license. Liquiloans expands offline. Bhuvan Rustagi seeks stable returns. RBI targets asset liability mismatch. Cred Mint’s minimum investment is Rs 2 lakh. LenDenClub’s assets under management dropped to Rs 908 crore since March 2023.
Bhashini’s Vaani project, led by IISc-ARTPARK and Google, is open-sourcing 16,000 hours of speech from 80 districts and 150,000 hours from one million people across 773 districts in India. The Gates Foundation funds it. The project records 200 hours per district, supporting AI development in 58 language variants, with Karya assisting data collection.
The consumer electronics startup will begin by manufacturing a million smartphones under the Acer brand, which will later be scaled up. Currently, the firm designs, manufactures, sells, and services ACs, refrigerators, and washing machines for Acer and Black & Decker.
Varun Alagh of Mamaearth and Tracxn’s Abhishek Goyal also participated in the funding for the consumer electronics maker, which was started by Xiaomi India chief business officer Raghu Reddy.
Nearly a dozen former presidents and prime ministers, alongside top global CEOs and celebrities like Kim Kardashian, are set to attend the wedding festivities of Radhika Merchant and Anant Ambani in Mumbai this weekend. Political heavyweights include Tony Blair, Boris Johnson, and John Kerry, while business moguls like Amin Nasser and Shantanu Narayen will also be present. The celebrations, spanning multiple events including a wedding ceremony and reception, mark the union of Anant Ambani, the youngest son of Mukesh and Nita Ambani... Читать дальше...
The Chennai-based QSR brand, famous for southern cuisine, is eyeing a valuation of about ₹3,500 crore, people aware of the development told ET. Veda Corporate Advisors will advise A2B in its fundraising process, which is part of a drive to professionalise the family-run business, the people said.
Union Budget: The government has drawn up a list of finished products that are subject to lower import duty than the materials needed to make them, or an inverted duty structure.
The FMCG stock hit a record high of Rs 1,269 on March 7, 2024, but soon after the rally lost steam. Treading below the 20- & 30-week moving average, it found support above the 1,000 level. This is the level in which it has consolidated in a range since April on the weekly charts. So, technically, it has formed a strong base and is ready for a rebound.
Over 10 billion passwords have been leaked and shared on online hacking forums, making it one of the biggest data leaks in the world ever. Cyberattacks are increasing over the globe in a major way, with this one being one of the major breaks by hackers, releasing billions of private passwords on the public forum.
The AC-130 J aircraft which is popularly known as the Ghost Rider has been deployed by the US Air Force recently in South Korea. This deployment as part of the joint exercises assumes importance due to the growing tensions between the two Koreas.
"Landman," a new drama series by Taylor Sheridan, will premiere on Paramount+ on November 17. The show, starring Billy Bob Thornton, explores the lives of people in the oil industry boomtowns of West Texas. The first season has 10 episodes, with new episodes released weekly.
Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
