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ISN

10h

Image Credit: ISN

Fintech unicorn BharatPe enters investment market with new app ‘Invest BharatPe’

Delhi-based fintech unicorn BharatPe has launched a new app called Invest BharatPe, expanding into the investment market.
The app offers digital gold as its first investment product, allowing users to invest in pure 24-karat gold with a minimum entry point of Rs 100.
BharatPe plans to expand the app's offerings with other investment options in the future, including fixed deposit products and mutual funds.
The launch of Invest BharatPe reflects the company's strategy to diversify into consumer financial services and attract a wider audience in the fintech market.

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809 reads

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Tech Radar

10h

Surface AI wearables are in the pipeline, according to a Microsoft exec

Microsoft is reportedly working on AI-powered Surface wearables.
EVP and Consumer CMO Yusuf Mehdi mentioned the potential of AI wearables in an interview.
AI wearables have struggled to gain market traction despite the popularity of AI technology.
Microsoft's entry into the market could generate additional interest and encourage developers to offer new solutions.

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591 reads

Minis

11h

CEO Challenges Job Applicants With 3-Second Brain Teaser During Interviews

A brain teaser shared by CEO Dino Dionne of Genesis Capital Group has sparked widespread online debate.
Dionne challenges candidates during interviews with a quickfire math puzzle: "3×3-3÷3+3" and expects an answer in 3 seconds, claiming even his six-year-old solved it in 30 seconds.
Reddit user Back4breakfast posted a screenshot of the puzzle, leading to thousands of likes and comments.
Some criticized the CEO's approach, saying it felt unfair under interview pressure, while others questioned the value of such a simple math test in a job interview. The post has since amassed thousands of likes and comments.

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3.5k reads

TechJuice

11h

Meta Launches NotebookLlama: An Open-Source AI Tool for Turning PDFs into Podcasts

Meta has launched NotebookLlama, an open-source AI tool for turning PDFs into podcasts.
NotebookLlama uses Llama models to convert PDFs into text form and then translate them into an engaging podcast script.
Some users have expressed concerns about the output quality, citing a robotic tone and occasional voice overlap.
Future updates of NotebookLlama may address these issues and improve conversational realism and accuracy.

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890 reads

ISN

11h

'No choice but to accept Aggarwal's offer to work with OLA': Kunal Kamra, list his conditions

Comedian Kunal Kamra has accepted Ola Electric CEO Bhavish Aggarwal's job offer, with certain conditions.
Kamra listed down conditions for Ola Electric to address their service crisis.
These conditions include completing scooter repairs within 7 business days, providing temporary replacement scooters or reimbursements for delays, and offering service-related insurance.
Kamra's acceptance comes after he criticized Ola Electric's service quality and Aggarwal's invitation to 'come and help.'

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999 reads

Yourstory

11h

Peak XV-backed Cuemath’s FY24 losses narrow 42.7%; revenue up marginally

The edtech startup Cuemath, backed by Peak XV, reduced its losses by 42.7% in FY24 compared to the previous fiscal year.
Expenses dropped by 29.9%, enabling Cuemath to narrow its losses to Rs 134.5 crore in FY24.
Cuemath reported a marginal increase in revenue, with operating revenue of Rs 126.4 crore, a 4.9% increase from the previous fiscal year.
The reduction in losses is attributed to reduced spending on employee benefits and advertising expenses, as well as job cuts.

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601 reads

Salesfuel

11h

Image Credit: Salesfuel

How to Effectively Manage Your Gen Z Team Members

Managers struggle to effectively manage Gen Z team members, leading to unsatisfactory performance and lack of motivation, professionalism, and communication skills.
Understanding the motivations of Gen Z employees is crucial for effective management.
Managers should invest in training and provide clear career paths to motivate Gen Z team members.
Guidelines on communication and one-on-one meetings can help improve Gen Zers' communication skills.

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894 reads

Yourstory

11h

Amazon Pay India cuts losses by 39% in FY24

Amazon Pay India has reduced its net loss by 39.21% in FY24, reaching Rs 911.2 crore.
The revenue from operations for Amazon Pay India increased by 9.26% to Rs 2,286.9 crore in FY24.
Expenses for Amazon Pay India decreased, with advertising promotional expenses falling by 30.62%.
Amazon Pay India has gained over 100 million UPI users and is among the top 10 most-used UPI payment methods in India.

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1k reads

Bloomberg Quint

11h

Tycoon Who Began With $60 Is Now Worth $5 Billion On India IPO

Hitesh Chimanlal Doshi, who started with a $60 loan, has become worth $5 billion on India's IPO.
The listing of Waaree Energies Ltd., the solar cell manufacturing arm of the Waaree Group, saw a surge in shares, increasing the Doshi family's net worth.
Doshi is the chairman and managing director of Waaree Energies, with his family holding prominent positions in other group companies.
Waaree Energies, the largest solar module manufacturer in India, plans to invest IPO proceeds in building a manufacturing plant and has seen increasing export sales to the US.

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1.1k reads

HinduBusinessLine

11h

UPI transactions could double to 1 billion per day in the next few months: RBI Guv Das

The number of UPI transactions in India could double to 1 billion per day in the next few months.
India is working on linking the UPI with the Fast Payments Systems (FPS) of other countries, starting with Singapore's PayNow.
India is also exploring QR code-based payment linkages with countries in the Middle East and Asia.
The Reserve Bank of India (RBI) is conducting trials for the e-Rupee, the country's Central Bank Digital Currency (CBDC). Approximately 6 million users are currently using the e-Rupee.

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1k reads

Economic Times

12h

Vridhi Home Finance raises Rs 310 crore in fresh funding from Norwest, existing investors

Vridhi Home Finance has raised Rs 310 crore in fresh funding from Norwest Venture Partners, Elevation Capital, and its founders.
The company plans to invest in building a strong distribution network, risk management practices, and technology backend for a digital home loan process.
With the new capital, Vridhi Home Finance aims to expand to new markets and enhance its digital onboarding system.
The company focuses on serving small towns with populations between 3,000 and 500,000, offering home loans ranging from Rs 3 lakh to Rs 45 lakh.

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1.3k reads

Guardian

12h

JPMorgan sues customers over alleged fraud linked to TikTok viral glitch

JPMorgan Chase is suing customers in the US it accuses of stealing thousands of dollars from ATMs by exploiting a technical glitch that went viral on TikTok.
The bank has filed lawsuits against people who withdrew funds before a cheque bounced in the 'infinite money glitch'.
Customers deposited fake cheques and withdrew large sums before the cheques bounced, and together they owe the bank about $660,000.
JPMorgan warns that taking advantage of the glitch is considered fraud, and customers must return the funds immediately.

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1.9k reads

HinduBusinessLine

12h

Apple ships $6 billion of iPhones from India in big China shift

Apple shipped nearly $6 billion worth of iPhones from India, marking a 33% increase from the previous year.
The company is expanding its manufacturing network in India to reduce its reliance on China.
Three suppliers, including Foxconn and Pegatron, assemble iPhones in India, with Foxconn accounting for half of the country's iPhone exports.
India's smartphone exports, primarily iPhones, have grown significantly, making it the top export to the US in the first five months of this fiscal year.

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616 reads

Analyticsindiamag

12h

Image Credit: Analyticsindiamag

Veteran Google DeepMind Researcher Joins Anthropic After a Decade

Julian Schrittwieser, a prominent AI researcher with a decade of experience at Google DeepMind, has joined Anthropic.
Schrittwieser expressed excitement about joining Anthropic and praised the AI offerings of the research lab.
During his time at DeepMind, Schrittwieser contributed to various projects and expressed gratitude for the opportunities.
Anthropic has been attracting influential AI minds from leading institutions, including researchers from OpenAI.

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734 reads

Yourstory

12h

Finova Capital raises $135M in Series E round

Jaipur-based NBFC Finova Capital has raised $135 million in a Series E funding round.
The round saw participation from new investors Avataar Venture Partners, Sofina, Madison India Capital, and returning investor Norwest Venture Partners.
Finova Capital will use the capital to grow its loan book, invest in technology, and expand its geographic presence.
The company offers working capital loans, machinery loans, and business loans to MSMEs through its technology-led platform.

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582 reads

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