Category: Finance
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Jio Financial Services unveils “JioFinance” App
Jio Financial Services Ltd announces the launch of their “JioFinance” app (in βeta mode). The app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, “JioFinance” app will cater to users of all levels of familiarity…
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BEL bags defence orders worth Rs.1,150 crores
Bharat Electronics Limited (BEL) has received orders worth Rs. 1,150 Crores till date during the financial year 2024-25. The orders demonstrate the Government of India’s intent to boost India’s security and strengthen defence forces with the latest and upgraded weapon systems. As per the details shared by BEL, which is a government-owned Navaratna DPSU, the…
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Samsung’s Q1 Operating Profit Soars 930%, Outsmarting Apple
Samsung Electronics, the South Korean tech giant, reported a remarkable 932.8% increase in its operating profit for the first quarter of 2024 (January to March). This surge has exceeded expectations and highlights the company’s strong performance in a challenging economic environment. In the first quarter of 2024, Samsung also emerged as the world’s top smartphone provider, overtaking Apple…
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GRC platform Scrut Automation raises $10 Million
GRC platform Scrut Automation has raised $10 million in growth capital from existing investors Lightspeed, MassMutual Ventures and Endiya Partners. The company will enhance their platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams, and expand to North American and European markets. With this round, the company…
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Decoding G20 Leaders Call for Swift Implementation of Crypto Asset Reporting Framework
By: Onkar Sharma The shadow economy propelled by the crypto market has been the cause of concern for several economies. However, the New Delhi G20 Summit has openly agreed to a Crypto Asset Reporting Framework (CARF). The call is critical in several ways and is going to bring transparency into the decentralized finance market. The…
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