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Bloomberg Quint
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366
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Milestone Systems Acquires Brighter AI, To Use Anonymisation Tech For Protecting People's Identities
- Milestone Systems has acquired Berlin-based technology company Brighter AI, which provides anonymisation solutions for video data to protect people's identities in public.
- The acquisition strengthens Milestone's offerings for video management software, video surveillance as a service, and video analytics.
- brighter AI's anonymisation technology also supports Project Hafnia, Milestone's data library and AI model training tool, promoting responsible technology.
- The acquisition enables Milestone to expand its global presence and scale the mission of making visual data usable in a privacy-preserving way.
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Global Fintech Series
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Apex Fintech Solutions Names Andrew Glenn as New Chief Technology Officer
- Apex Fintech Solutions has named Andrew Glenn as its new Chief Technology Officer (CTO).
- Glenn brings over 20 years of experience in engineering and fintech, with a proven track record in building and scaling transformative technology solutions.
- In his previous role as Head of Engineering at Stripe Capital, Glenn led initiatives driving over $1 billion in annual lending and achieving record-breaking customer satisfaction scores.
- As CTO of Apex, Glenn will focus on scaling the firm's infrastructure and delivering innovative, client-centric solutions for the fintech and investment landscape.
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Bloomberg Quint
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123
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US Treasury Secretary Bessent Warns China Against Devaluing Yuan
- US Treasury Secretary Bessent warns China against devaluing Yuan.
- Bessent says the selloff in US Treasuries is a normal deleveraging in the bond market.
- China's retaliation against the latest US tariff hikes on Chinese products prompts Bessent's warning.
- Bessent highlights that many countries surrounding China are seeking trade negotiations with the US.
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Bloomberg Quint
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412
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IndiGo Parent Teams Up With France's Accor To Become Largest Shareholder In Oyo Rival
- InterGlobe Enterprises, the parent company of IndiGo, has partnered with French hospitality firm Accor to jointly buy a majority stake in India's budget hotels chain Treebo.
- The combined Accor and Treebo portfolio will create India's third-largest hospitality player with over 30,000 rooms.
- As part of the agreement, Treebo will develop Accor's Ibis and Mercure brands in India and has already reached an agreement to sign 10 new Mercure properties.
- The partnership aims to build 300 Accor-branded hotels in India by 2030.
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Bloomberg Quint
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308
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Google's 'AI notebook' NotebookLM App Version Is Coming Soon: What We Know So Far
- Google's popular digital note-taking tool, NotebookLM, is soon launching its app version for Android and iOS users.
- The platform's current interface features a three-pane redesign optimized for web users and is fully resizable.
- Users can save NotebookLM as a Progressive Web App, providing an app-like experience on smartphones.
- The AI notebook can transform study materials into FAQs, podcasts, and more, making studying a more interactive experience.
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Eu-Startups
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Ryft secures €6.6 million to equip acquirers & merchants with technology to rival Stripe Connect and Adyen
- London-based Ryft raises €6.6 million in a Series A round to develop technology for acquiring banks to compete with payment providers like Stripe Connect and Adyen.
- The funding round was led by EdenBase with participation from GPOS Investments, British Business Bank, Pembroke VCT, Sidebyside, and Ingenii VC.
- Ryft offers technology that enables acquiring banks to overcome challenges faced in the evolving payments industry and is actively seeking strategic partnerships.
- Over 1,500 businesses have already implemented Ryft, reporting significant cost savings compared to Stripe, and the company aims to transform the acquiring ecosystem.
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Bloomberg Quint
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110
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Iran Vows To Never Pursue Nuclear Weapons Ahead Of Talks With US
- Iran’s President Masoud Pezeshkian said his country will provide “any necessary guarantees” that it doesn’t want to develop nuclear weapons as it prepares for talks with the US.
- Pezeshkian reiterated that Iran will engage with US President Donald Trump’s administration “indirectly” and “won’t back down” from gains it’s made in its nuclear-technology sector.
- Iran’s Foreign Minister Abbas Araghchi and Trump’s Middle-East envoy Steve Witkoff are expected to meet in Oman on Saturday for their first talks aimed at resolving a standoff over Tehran’s atomic activities.
- Citing regular meetings he has with Supreme Leader Ayatollah Ali Khamenei, Pezeshkian said that while the ruling cleric is critical of “misguided” US policies, he has no objection to US investors being present in Iran.
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Bloomberg Quint
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SEBI Raises Threshold For Additional FPI Disclosures To Rs 50,000 Crore
- The Securities and Exchange Board of India (SEBI) has raised the threshold for additional disclosures by foreign portfolio investors (FPIs) from Rs 25,000 crore to Rs 50,000 crore.
- SEBI had directed FPIs holding more than 50% of their equity AUM in a single corporate group or with an overall holding in Indian equity markets of over Rs 25,000 crore to disclose granular details of all entities with ownership or economic interest in the FPI.
- The decision to increase disclosure norms has been made due to the increase in the market size, as cash equity markets' trading volumes have more than doubled between FY23 and FY25.
- The new framework will come into effect immediately, and the size criteria aim to prevent potential disruptions by FPIs with large Indian equity portfolios.
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Bloomberg Quint
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345
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Private Sector Banks Better Placed To Gain From RBI's Repo Rate Cut: Goldman Sachs' Rahul Jain
- Private sector banks are expected to benefit more from the Reserve Bank Of India's Repo rate cut, according to Rahul Jain, head of APAC financials and India equity research at Goldman Sachs.
- Jain cautions that deposit rate pressure remains sticky, particularly in retail deposits, due to elevated loan-to-deposit ratios and the competitive chase for funds.
- The liquidity measures taken by the RBI are expected to impact bulk deposits more than retail deposit rates.
- Jain predicts that retail deposit rates could take another quarter or two to start declining significantly.
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Bloomberg Quint
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106
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Dell Executive Expects 98% Of All PCs To Run On AI By 2028
- According to Dell Technologies' Indrajit Belgundi, having the right AI PCs or AI client devices are becoming much more important and relevant for customers.
- By 2028, almost 98% of all PCs will be AI PCs that come with new NPUs (neural processing units) that run AI tasks directly on the phone.
- The growth in the Indian consumer PC market has been on an upward trajectory, driven by gaming and AI-powered PCs.
- Dell has unveiled its newly redesigned AI PC portfolio featuring the Dell Pro and Dell Pro Max, which offer silicon diversity, including Intel Core Ultra and AMD Ryzen processors, along with Qualcomm Snapdragon Copilot+ AI PCs.
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Bloomberg Quint
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97
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Zepto Nears $4 Billion Annualised GOV As Operational Efficiency Improves
- Zepto is approaching $4 billion in annualised gross order value.
- Zepto has reduced its earnings before interest, taxes, depreciation, and amortisation and OCF burn by 50%.
- The company is confident in being close to Ebitda and OCF breakeven within a few months.
- IPO-headed Zepto marginally brought down its losses to Rs 1,248.6 crore in 2023-24, from Rs 1,272.4 crore in 2022-23.
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Bloomberg Quint
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379
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India Exports 2.87 Lakh Tonne Sugar Till April 8 For Season 2024-25: AISTA
- India has exported 2,87,204 tonne of sugar till April 8 in the ongoing 2024-25 marketing year, with the highest shipment of 51,596 tonne going to Somalia.
- The total permissible export quantity for the current year is capped at one million tonne.
- Sugar mills have dispatched a total of 2,87,204 tonne so far this season, with an additional 17,837 tonne under the process of loading for export.
- The major destinations for Indian sugar exports include Somalia, Afghanistan, Sri Lanka, and Libya.
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Npengage
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5 Ways Funders Can Address Nonprofit Burnout
- Nonprofits face burnout and stress due to chronic challenges like insufficient resources and trauma, providing an opportunity for funders to prioritize well-being for sustainable impact.
- To address nonprofit burnout, funders can simplify application processes, streamline timelines, reduce reporting burdens, and proactively communicate with grantees.
- Cultivating trust through human-centered approaches, seeking feedback, and enhancing grantee partnerships can foster impactful relationships.
- Focusing on available resources, supporting low-resource high-impact initiatives, and advocating for grantees are ways funders can make a difference.
- Being responsive to current needs, increasing funding flow, and directly funding well-being initiatives are proactive steps funders can take to support grantees.
- Directly funding well-being initiatives such as mini-grants, sabbaticals, and comprehensive staff support can help nonprofits thrive sustainably.
- Making well-being a priority in the nonprofit sector is crucial for sustainable social change, emphasizing the importance of supporting leaders and staff.
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Bloomberg Quint
1w
76
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RBI's Rate Cut To Cushion Economy Amidst Global Turmoil: India Inc
- The Reserve Bank of India cut its benchmark repo rate by 25 basis points to 6%.
- Industry bodies welcomed the move, stating it would help shield the Indian economy from external shocks and support domestic economic growth.
- The rate cut and shift in monetary policy stance from 'neutral' to 'accommodative' are seen as positive measures.
- The rate cut will provide a cushion against ongoing trade tensions and support domestic economic growth.
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Bloomberg Quint
1w
247
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Amid Tariff War, Chinese President Stresses On Improving Ties With Neighbouring Countries
- Chinese President Xi Jinping has pledged to strengthen strategic relationships with neighboring countries.
- He emphasized on managing differences and enhancing supply chain ties.
- China is improving relations with other neighbors like Japan and South Korea.
- The country recently held trade talks with South Korea and Japan.
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