India is among the major markets where structural enablers have come close together to set up and incubate fintech. India has the highest fintech adoption rate globally at 87%, which is significantly higher than the global average rate of 64%. Internet data access and smartphones have driven the digital engine for the financial sector. Smart … Read more
This week saw very good Q3 earnings from the auto stocks. Tata Motors reported profitability for the first time in two years. Bajaj Auto reported a record-high EBITDA. TVS Motor posted a fifth consecutive quarter of margins plus 10 percent and for Maruti, the margins went up both year-on-year and quarter-on-quarter. For stock moves, January … Read more
THE headlines around tech companies have made for grim reading recently – particularly if you happen to work at one. Google parent Alphabet, Amazon, Spotify, Facebook parent Meta and Microsoft are among the tech names that have embarked on swingeing job cuts in the past few weeks. Tens of thousands of jobs have been lost … Read more
A group of tech companies has flagged certain proposals envisaged in the Delhi government’s draft aggregator policy floated last July, which seeks to convert cabs and delivery fleets in the national capital to electric vehicles in a phased manner. Industry body IndiaTech, which represents companies such as Ola, Zomato and Zepto, has argued in its … Read more
Automotive companies listed on stock exchanges made a strong start to 2023 on hopes that worldwide sales will recover after a shortage of microprocessors stalled last year. So far in 2023, the 10 largest publicly traded auto companies have gained $128.27 billion in market value, including electric car maker BYD from China (+17.55%) and Tesla … Read more
The ‘right to be forgotten’ isn’t enough to protect our privacy. The onus must be placed on the organisations harvesting information. The “right to be forgotten” has a nice ring to it, right? In a world where everything we do online can be tracked, logged and analysed, the notion of forgetting can feel alluring. That’s … Read more
By James Rogers IBM and SAP have joined Spotify, Google parent Alphabet, Intel, Microsoft, Coinbase, Cisco, Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter in announcing major layoffs in recent months IBM and SAP have joined Spotify, Google parent Alphabet, Intel, Microsoft, Coinbase, Cisco, Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter in … Read more
ZURICH/LONDON, Jan 26 (Reuters) – Financial watchdogs and government agencies from the United States, Japan and Switzerland are among creditors of bankrupt crypto exchange FTX, as well as companies including Airbnb and crypto giant Binance, a court filing has shown. FTX, once among the world’s top crypto exchanges, shook the sector in November by filing … Read more
Quickest delivery: same day if you order before 5pm, free Floward only deliver to Greater London but we’ve included them here simply because, for the eight or nine million people who live there, their promise to deliver the same day could be an absolute lifesaver. Their hundreds of bouquets (to which you can add gifts … Read more
“Two major insurance companies have refused to issue new policies on some Kias and Hyundais in the St. Louis region as theft rates of those vehicles remain high following last year’s surge,” reports the St. Louis Post-Dispatch. Both Progressive and State Farm, the Post-Dispatch says, “are declining to open new policies on Kias and … Read more