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OneCard and WintWealth eyeing NBFC license from RBI to venture into lending-thumnail

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending

Reports suggest that OneCard, a fintech unicorn, and WintWealth, an emerging startup, are both looking to obtain licenses as non-banking finance companies (NBFCs). This move will see them join the

News

Jul 18, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

Jul 18, 2023

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks-thumnail

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks

The specter of rising corporate debt defaults has long been disregarded by resilient credit markets, but now the fears are starting to materialize. Companies are facing downgrades to junk credit

Economy

Jul 18, 2023

China AI Chip Company Seeks IPO in Hong Kong in 2023-thumnail

China AI Chip Company Seeks IPO in Hong Kong in 2023

Shanghai Biren Intelligent Technology Co., a startup in the Chinese semiconductor industry, is reportedly exploring an IPO in Hong Kong as early as this year in order to cash in on a surge of local customers switching to its AI chips as an alternative to Nvidia Corp. silicon that has been outlawed.

Artificial Intelligence

Jul 18, 2023

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats-thumnail

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats

Brian Armstrong, the CEO of Coinbase, will speak on the future of digital asset legislation during a private meeting with a group of Democrats from the US House of Representatives on Wednesday morning.

Business

Jul 18, 2023

Rice Robotics receives $7 million and will power SoftBank’s office deliveries-thumnail

Rice Robotics receives $7 million and will power SoftBank’s office deliveries

The ability to secure important clients is a critical differentiation for companies in the crowded enterprise robotics industry. SoftBank has placed a significant order with Hong Kong-based Rice Robotics.

Investment & Funding

Jul 18, 2023

TSMC Expected to Report 27% Decline in Q2 Net Profit, but Analysts Predict Recovery-thumnail

TSMC Expected to Report 27% Decline in Q2 Net Profit, but Analysts Predict Recovery

Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

Business

Jul 18, 2023

China will appoint Unicom CEO Liu Liehong to lead a new data bureau-thumnail

China will appoint Unicom CEO Liu Liehong to lead a new data bureau

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

Business

Jul 18, 2023

With 70% less investment, startups in India seek to reduce the burn rate-thumnail

With 70% less investment, startups in India seek to reduce the burn rate

With a 70% decline in investment since FY22, Indian entrepreneurs are experiencing a financial winter, requiring them to reduce the burn rate and accelerate their route to profitability. According to Redseer’s examination of 100 unicorns, the number of profitable unicorns will increase from 30 in FY22 to 55 in FY27. 

News

Jul 18, 2023

As the Microsoft transaction approaches, Warren Buffett’s Berkshire Hathaway reduces its Activision share-thumnail

As the Microsoft transaction approaches, Warren Buffett’s Berkshire Hathaway reduces its Activision share

As Microsoft’s acquisition of the video game firm neared completion, Warren Buffett’s Berkshire Hathaway sold off a sizable amount of its Activision Blizzard holdings.

Business

Jul 18, 2023

US semiconductor industry urges Biden to refrain from more China curbs-thumnail

US semiconductor industry urges Biden to refrain from more China curbs

According to Al Jazeera, President Joe Biden’s administration was urged by the US Semiconductor Industry Association to “avoid adding new restrictions on chip sales to China.”

Business

Jul 18, 2023

Update on the Bengaluru Metro: Trials on two additional metro sections will start in January-thumnail

Update on the Bengaluru Metro: Trials on two additional metro sections will start in January

Bengaluru Metro Rail Corporation Limited (BMRCL) is getting ready to start testing two new metro lines next month in an effort to improve the traveling experience for customers.  The route

News

Jul 17, 2023


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