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Pymnts

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New Data Shows Premium Cards Win Big as Consumers Chase Top-Tier Rewards

Consumers are showing a preference for premium credit cards, with many owning multiple cards but using the premium one most frequently.
Credit card rewards, perks, and benefits are the main factors influencing consumers' choice of which card to use for payments.
Premium cardholders, despite being in the minority, are highly engaged and make their premium cards their primary payment method, maximizing benefits.
Card-linked offers are popular among premium cardholders, with a significant percentage taking advantage of special offers associated with their cards.

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708 reads

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Bloomberg Quint

Ashok Leyland Q4 Results 2025: Date, Dividend Details, Earnings Call Schedule And More

Ashok Leyland Ltd. to release Q4 and FY25 financial reports this week, with an earnings call scheduled on May 23 at 6:30 p.m.
Board meeting on May 23 to consider and approve financial results, final dividend recommendation for FY25.
Trading window closed for dealing in securities until 48 hours after declaration of Q4 and FY25 financial results.
In Q3 FY25, Ashok Leyland reported a YoY rise in consolidated net profit and total income; share price up by 3.25% in past five trading sessions.

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624 reads

Ghacks

After Google Search: could Mozilla switch Firefox to AI search?

Mozilla, heavily reliant on Google search deal revenue, faces uncertainty due to legal battles surrounding Google's agreements with other companies like Apple.
With a potential block on further agreements, Mozilla might have to seek an alternative search engine partner, with Microsoft's Bing being a likely candidate.
The rise of AI-based search engines poses a new opportunity for organizations like Mozilla, as they provide direct responses to queries and threaten traditional search models.
Mozilla has experimented with AI search integration in Firefox and may consider partnering with AI search companies to diversify its search options and revenue streams.

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665 reads

HinduBusinessLine

Sensex, Nifty 50 trade positive; BEL, Cipla, Sun Pharma, Tata Steel lead gains, IndusInd & RVNL in red ahead of Q4 results, Dixon slumps

Moody’s Ratings emphasized that India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions, as domestic growth drivers and low dependence on exports anchor the economy.
Both midcap and smallcap indexes traded with marginal gains. The volatility index rose 1.76 per cent to 17.69.
Sector-wise, realty and pharma stocks gained over 1%, while banking stocks, FMCG, auto, and metal sectors traded in positive territory. Consumer durables, private bank, and oil & gas sectors slipped to negative.
BEL, Cipla, Sun Pharma, Tata Steel, and Tech Mahindra were among the top gainers in Nifty 50. On the other hand, IndusInd, Kotak Mahindra, JSW Steel, Coal India, and Shriram Finance traded in negative territory.

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519 reads

Bloomberg Quint

Why Nifty Is Seeing Limited Potential Upside At 25,000

The Nifty 50 is facing resistance at the 25,000 level due to lack of significant earnings growth for companies.
The absence of a trigger in the form of earnings growth is hindering the Nifty 50 from moving higher.
The Nifty EPS is expected to be around Rs 1,180 for FY26, contributing to the limited potential upside.
Lack of profitability growth in Nifty 50 companies is a key factor in the market's inability to sustain a rally above 25,000.

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704 reads

Bloomberg Quint

TCS Bags Over Rs 2,900-Crore Order From BSNL For 4G Expansion

Tata Consultancy Services (TCS) has received an advance purchase order worth Rs 2,903.22 crore from BSNL for 4G network expansion across 18,685 sites.
Detailed purchase orders will be issued by BSNL based on certain conditions and documentation mentioned in the APO.
TCS had recently reduced variable pay for senior employees due to stagnant margin growth in the IT industry.
TCS share price rose 0.82% post the announcement, with analysts maintaining 'buy' rating and a consensus price target implying a 7.2% upside.

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884 reads

Pymnts

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Real-Time Economy Reshapes Payment Strategies for Merchants and Banks

Real-time payments have become a present reality, with financial institutions facing the choice of adapting or falling behind.
FIs are under pressure to adopt instant payments to maintain competitiveness, with significant adoption expected by 2028.
Features like instant bill pay and P2P transfers help attract and retain customers, with 93% of FIs stating that instant payments improve customer retention.
Challenges include security concerns, integration costs, and outdated technology, but FIs that modernize now stand to benefit greatly.

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584 reads

ISN

Jason Kothari’s Mythik raises $15 million from a group of investors, including SRK's Family Office

Jason Kothari's new startup, Mythik, secures $15 million in seed funding round, the largest ever in India's media technology space.
Mythik aims to introduce Eastern mythology, history, and folktales to a global audience, envisioning to become the 'Disney from the East.'
Investors in the funding round include SRK's Family Office, Sakal Media Group, BITKRAT, Venture Catalysts-backed VC Grid, and others.
Jason Kothari expresses excitement about the diverse group of investors and looks forward to realizing Mythik's mission of inspiring happiness, peace, and hope through global entertainment.

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455 reads

Gsmarena

Google Search's AI Mode isn't an experiment anymore, starts rolling out to everyone

Google's AI Mode for Search, initially tested in Google Labs, has graduated and is now rolling out to all Google Search users in the US.
AI Mode promises 'hyper-relevant' results with more advanced reasoning, multimodality, and the ability for follow-up questions.
New features include Deep Search, live camera interaction, booking services for tickets and reservations, and virtual try-on for clothes.
Future additions like personalized context from apps, data analysis, and graphics creation will also be introduced gradually via Google Labs.

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481 reads

HinduBusinessLine

LTTS partners with BITS Pilani and CRENS for National Security Research

LTTS partners with BITS Pilani and CRENS to drive research in cybersecurity, perimeter security, digital forensics, and emerging technologies.
The partnership focuses on joint R&D projects in AI and quantum technologies, skill development programs, startup incubation, and policy advisory services for national security agencies.
LTTS brings experience in implementing smart city command centers and cyber threat analytics, while BITS Pilani will provide academic expertise and shared research facilities.
The collaboration aims to strengthen India's national security framework and promote the 'Make in India' initiative globally.

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443 reads

Blockonomi

XRP (XRP) Price: Trading Volume Drops 15.9% as Price Falls to $2.35

XRP is trading at approximately $2.35, down 1.4% over the last day and 8.3% over the past week.
SEC delays decision on 21Shares Core XRP Trust ETF application.
Trading volume dropped by 15.9% to $2.67 billion in the past day.
Technical indicators show mixed signals with short-term bearish pressure but longer-term bullish trend.

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488 reads

Inc42

Pine Labs Converts Into Public Entity In Run-Up To IPO

Pine Labs has converted into a public company as part of its preparations for an upcoming IPO.
Shareholders approved the name change to 'Pine Labs Limited' from the previous 'Pine Labs Private Limited.'
The company is looking into raising additional capital, including through an IPO, and appointed new independent directors.
Pine Labs is planning a $1 billion IPO in the second half of 2025, making it one of the largest fintech IPOs in the country.

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523 reads

Crypto-News-Flash

Texas Bitcoin Reserve Bill Nears Final Approval — A Crypto First for U.S. States

The Texas Senate Bill (SB 21) aims to establish a strategic Bitcoin reserve in Texas and is near final approval after passing the second reading in the House.
The bill has been amended to require crypto assets to maintain their market cap above a specific threshold for 24 months to qualify for inclusion.
The legislative session in Texas ends on June 2, implying that the bill must pass a final vote before then.
The establishment of a strategic Bitcoin reserve has been gaining traction in various states, with Texas following New Hampshire in this initiative.

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605 reads

Coinpedia

Image Credit: Coinpedia

Is Ethereum Consolidating Ahead of a Mega Rally? Here’s Where the ETH Price May Reach by the End of Q2 2025

Ethereum price is consolidating within a tight range, potentially waiting for a major signal amidst uncertainty over sustainability of upcoming surge.
ETH price has surged above $2500 but struggles to break $2600, signaling bullish potential if a breakout above $3200 occurs.
On-chain data suggests disparity with chart patterns, as buy-take ratio drops below 1, hinting at dominant bearish sentiment.
Rising open interest in Ethereum poses potential trouble; upcoming monthly close crucial for price rally outcome.

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487 reads

Insider

Elon Musk says he'll pour less money into elections. That's bad news for the GOP.

Elon Musk has announced that he will be reducing his political spending in future elections, causing concern for the GOP.
Musk, who was a major donor for the Republicans, stated that he believes he has done enough and does not currently see a reason for further political spending.
His decision marks a significant shift from his previous plans to play a role in primaries and support GOP candidates at various levels.
The decrease in Musk's political spending could create a financial gap for the GOP, although some Republicans downplay its impact and suggest other sources of funding.

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652 reads

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