Author: Ansh Singh

New Delhi: India has been at the forefront of Web3 innovation and user protection has been the epicentre of product strategy at Bitget. The company has confirmed it is actively working towards becoming a regulated crypto exchange in India. With an increasing interest and adoption, India’s crypto market has shown significant growth. Bitget has confirmed it is in active discussions with the Financial Intelligence Unit (FIU) for further licensing in India. The company remains optimistic about serving this key market. Simran Alphonso, Head of Global Communications at Bitget, emphasised Bitget’s proactive approach to compliance and reassured users about the safety of…

New Delhi: Kotak Mahindra Bank shares fell by up to 2%, reaching a low of Rs 1,768 on the BSE, after Hindenburg Research made serious claims against the bank. The US-based activist investor said that Kotak Mahindra Bank set up an offshore fund to bet against Adani stocks. Hindenburg also pointed fingers at Uday Kotak, the bank’s founder, who led SEBI’s 2017 Committee on Corporate Governance. According to Hindenburg Research, Kotak Mahindra Bank created and managed an offshore fund to short Adani stocks, causing the bank’s shares to drop. The situation got worse when Hindenburg made public a show-cause notice,…

New Delhi: Amazon has hired key founders from the AI startup Adept, which develops AI “agents” to perform tasks in various software applications. Geekwire’s Taylor Soper first reported this news. As per the report, Adept co-founder and CEO David Luan, along with co-founders Augustus Odena, Maxwell Nye, Erich Elsen, Kelsey Szot, and other employees, will join Amazon. Despite this, Adept will remain operational. Zach Brock, previously head of engineering, will become the new CEO as Adept shifts its focus to “solutions that enable agentic AI.” In a blog post, Adept mentioned that their products would still use their existing in-house…

Increasing employee strength by 200 for its integrated Contact Center and Print – to – Post Facility. New Delhi: Mumbai-based, Mobicule Technologies Pvt. Ltd., a frontrunner in Phygital Debt Resolution and customer onboarding, proudly announces its strategic expansion in the South India market, marking a significant step towards enhancing its presence and capabilities in the Phygital Debt Resolution sector. This expansion is highlighted by the establishment of an integrated Phygital Contact Center  in Bengaluru and print-to-post facility in Chennai, designed to drive growth and improve service delivery in the region. Following the successful launch of its Phygital Contact Centre and…

New Delhi: SEBI Chairperson Madhabi Puri Buch said she is open to removing certain derivative products amid regulatory concernsemoving certain derivative products from the market if experts recommend it. Buch pointed out that trading in weekly options is highly speculative and that the market understands the regulatory risks involved. At a press conference after a Sebi Board meeting, Buch discussed concerns in the F&O segment, especially the speculative trading in weekly options and on expiry days. She stressed the importance of protecting investors, mentioning instances where people borrowed money for speculative trading and suffered big losses, even losing their homes.…

New Delhi:  BharatLoan, the leading full-service digital lender in India, today announced its ambitious plan to grow its customer base from 20 lakh to over 2 crore by 2026, while maintaining a 90% customer retention rate. Founded in February 2023 and headquartered in Okhla, BharatLoan has quickly established itself as a disruptive force in India’s financial landscape. The company’s 100% digital loan experience has already garnered over 1 million app downloads, making it the fastest NBFC to reach this milestone. This rapid adoption underscores the pressing need for accessible, innovative financial solutions in the market. Amit Bansal, Founder of BharatLoan, elaborated on…

New Delhi: Meta CEO Mark Zuckerberg announced that the company will start testing AI characters created by users through Meta AI Studio on Instagram. These initial tests will begin in the U.S. around the same time that a16z-backed Character.AI launched a feature allowing users to talk to AI avatars over calls. In a message on his broadcast channel, Zuckerberg said these chatbots will be clearly marked as AI so users know what they’re interacting with. He explained, “We’re starting an early test in the U.S. with our AI studio, so you might see AIs from your favorite creators and interest-based…

Chennai: Stovekraft, India’s leading kitchen appliances manufacturer, is thrilled to announce the launch of ‘Electra’, the revolutionary electric pressure-cooking system under its Pigeon brand. Designed to make your cooking experience more convenient, efficient, and safe, Electra is set to unlock culinary creativity and transform the kitchen in Indian households. The Electra-Electric Pressure Cooker System stands out with features that cater to consumer needs. It ensures consistency in cooking for perfect results every time. The ‘No-Monitoring Needed Functionality’ allows users to multitask, and the ‘Auto-Off feature’ enhances safety. Additionally, it operates without whistle noise, eliminating common disturbances of traditional pressure cookers.…

Bangalore: Mela Ventures has appointed R Kalyan Sundar as the Head of Finance and Legal. Kalyan brings valuable experience in M&A, financial due diligence, and deal negotiation. At Mela Ventures, Kalyan will lead financial and investment strategies and play a pivotal role in nurturing and scaling innovative startups across diverse sectors. Kalyan Sundar, Head of Finance & Legal at Mela Ventures, said, “I am thrilled to join Mela Ventures and contribute to its mission of fostering growth and innovation in the startup ecosystem. I look forward to leveraging my experience to optimize financial strategies and support the success of emerging…

Bengaluru: Zupee, India’s largest skill-based Ludo platform, has unveiled its latest campaign, ‘Sadiyon Se India Ka Apna Game,’ celebrating the timeless appeal of Ludo, India’s most beloved board game. This campaign is more than just a launch, it’s a heartfelt narrative that creatively captures Ludo’s evolution through the ages, with engaging storytelling and humor, culminating in its modern-day skill-based avatar on Zupee. From the ancient stone age to grandeur of royal courts to the golden era of black and white and the funky retro era, Zupee’s campaign creatively illustrates Ludo’s enduring journey. It also underscores Zupee’s innovation in offering skill-based…