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April 24, 2023

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Technology

Binance’s India comeback; D2C brands spend big for q-commerce presence April 18, 2024
Direct-to-consumer (D2C) brands are shelling out high commissions on sales for space on coveted quick-commerce platforms. This and more in today’s ETtech Morning Dispatch.
Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptions April 18, 2024
Homegrown digital newsstand Magzter, founded in 2011 and offering a cross-platform, self-service experience, has been acquired by Dailyhunt. This deal, with undisclosed financial details, marks Dailyhunt's entry into the premium content market, as Magzter boasts a library of over 8,500 premium magazines and newspapers.
RBI’s stricter KYC rules may slow merchant onboarding 90%: experts April 18, 2024
The new rules will be applicable to existing payment aggregators such as Razorpay, Cashfree, and PayU, card payment companies, such as Pine Labs, Innoviti Payments, and MSwipe, and QR code deployers, such as PhonePe, BharatPe and Google Pay.
D2C brands cough up 30-45% commission for a spot on quick-commerce platforms April 18, 2024
Direct-to-consumer (D2C) brands rushing to get listed on quick-commerce platforms are shelling out between 30-45% as commissions, compared to the 10-20% that large, more established FMCG companies pay.
Mysuru’s Kaynes to make 3,000 RUDRA servers for govt’s CDAC April 18, 2024
RUDRA HPC servers under the NSM will be made to meet the computational requirements of sectors like hyper-scale data centres, edge computing, banking, finance, healthcare and advanced manufacturing.
Binance to restart operations in India as compliant FIU-registered entity April 18, 2024
Binance returns to India, paying $2 million penalty, seeking compliance with PMLA. Its re-entry may reshape the market dynamics with superior technology and liquidity, amidst soaring bitcoin and ethereum values.
Former Unacademy COO raises $11 million from Matrix, Lightspeed for new edtech venture April 17, 2024
Bengaluru-based startup Beyond Odds Technologies will provide employability-led training, certification, and recruitment services in the grey-collar workforce segment. It connects employers on the demand side to its talent supply base among students.
Meta, others should give users free option without targeted ads, EU privacy watchdog says April 17, 2024
The U.S. tech giant launched the no-ads subscription service for Facebook and Instagram in Europe last November, saying users who consent to be tracked get a free service which is funded by advertising revenues.
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself April 17, 2024
The online retailer said about 140 stores use the system, known as "Just Walk Out," which allows customers to scan an app to enter a store and leave with their items without paying at a register. Amazon will more than double that number this year.
Bombay HC temporarily restrains Cognizant from using trademark logo identical to Atyati Tech April 17, 2024
Before the court passed its order, Atyati Technologies argued that last year in October, the company was surprised to learn that the defendant (Cognizant Technology) was offering almost identical services relating to IT infrastructure, etc.

CNN Economy

Goldman Sachs slants research to help Democrats, top White House adviser says October 2, 2018
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford, from the cornfield to the C-suite October 1, 2018
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
CEOs are cashing in on the market boom September 26, 2018
Corporate insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September in the past decade, according to TrimTabs.
General Electric is in a sharp decline September 26, 2018
Read full story for latest details.
Why investors aren't freaking out about inflation September 25, 2018
Read full story for latest details.

CNN MARKETS

Premarket: 7 things to know before the bell October 4, 2018
Read full story for latest details.
Why it's time for investors to go on defense October 4, 2018
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
Barnes & Noble stock soars 20% as it explores a sale October 3, 2018
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Aston Martin falls 5% in London IPO October 3, 2018
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Honda teams up with GM on self-driving cars October 3, 2018
Read full story for latest details.
Toys 'R' Us brand may be brought back to life October 3, 2018
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.
Tencent Music plans to go public on US exchange October 3, 2018
It dominates the music streaming market in China through its QQ Music, KuGou and Kuwo platforms.