ALL ROUND FINANCIAL PROTECTION
Unacademy fires 250 employees in fresh round of layoffs
Unacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are from the sales department, sources told ET.
Australia gives internet firms 6 months to draft online child safety rules
The eSafety Commissioner requested online industry members to submit a plan by October 3 outlining measures to shield minors from encountering high-impact content prematurely, covering themes such as suicide and eating disorders. The code should establish criteria for app stores, websites (including pornography and dating sites), social media platforms, and multiplayer gaming platforms to verify user content suitability, stated the commissioner.
Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers from digital frauds
Caller identification app Truecaller on Thursday said it has collaborated with general insurance company HDFC ERGO for an offering that aims to safeguard subscribers against digital communication frauds in India. Truecaller in a release said that amid rising cases of cyber fraud, the insurance offering underscores its commitment to combating fraud and ensuring user protection through advanced app features - before, during and after mobile communication.
Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart
Company to double dark-store count to 700, taking on rivals Blinkit, Swiggy Instamart and Big Basket’s BB Now; DST Global, Lightspeed Venture Partners, Avenir Growth Capital and Avra joined as new investors in the round led by Glade Brook Capital, StepStone Group and Nexus Venture Partners.
The Pant Project raises $4.25 million in maiden funding round
The Pant Project will use the funds for offline retail store expansion, branding and marketing, technology development, and team growth, Dhruv Toshniwal, cofounder of the company told ET. The company gets about 60% of its revenue from top-tier cities such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Pune, and Ahmedabad, and the balance 40% from tier II cities.
Proptech startup Landeed secured funds from Paradigm Shift VC in a strategic financing round
Landeed in January 2023 raised $8.3 million in a seed round with participation from Y Combinator, Draper Associates, and Bayhouse Capital. The startup has witnessed a 22x growth in key financial metrics since its inception. Additionally it now boasts over 5 million downloads making it the largest title search engine in the country by wide margin.
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Stock market frauds on the rise: 6 ways to protect yourself
With the growing threat market regulator Securities and Exchange Board of India (Sebi) and stock exchanges including NSE have been warning investors of fraudulent entities and persons who scam people through digital means and social media platforms.
Best Godrej Locks for Home in India for Complete Protection (2024)
Are you looking for a durable lock for your home? If so, then continue reading this article to learn about the best Godrej locks for home in India. These locks are from one of the most trusted brands in the market and come with excellent durability and build quality. Go through the complete list, find the lock that is right for your home and place your order using the buying link.
The Life Insurance Rule: How much money will your family need if your income stops?
Life insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following this rule, you can estimate the income your family would need to maintain their standard of living if you were to pass away.
Zepto’s mega financing; shareholder battle at Kenko Health
Happy Wednesday! Zepto is holding talks with investment fund DST Global and venture capital firm Lightspeed for funding. Details on this and more in today's ETtech Morning Dispatch.
8 PSU stock ideas from Anand James to play the next round of upside
VIX has almost halved, from the peaks seen on the election results day, suggesting that volatility expectations have significantly eased. However, VIX is still above the levels seen a month before the results, indicating that caution has not been entirely abandoned. Nifty is now at record peak, post a three consecutive day rise that erased a single day drop of over 8% during last week.
RBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintaining the Standing Deposit Facility rate at 6.25% and the Marginal Standing Facility bank rate at 6.75%.
IBA chief explains what bank frauds really are, stresses on critical 'golden hour'
As per the RBI's recent annual report, fraud cases surged to 36,075 in FY24, marking a significant rise from 13,564 reported in the previous fiscal year. The report highlighted that a majority of these frauds, in terms of volume, were related to digital payments, including card and internet transactions.
Nifty Bank crosses 50,000 for first time in all-round rally
The Nifty Bank surpassed 50,000 for the first time, driven by Modi's projected third-term win. SBI, Axis Bank, and IndusInd Bank led the surge, with Bank of Baroda rising 9%. Investors added Rs 12 lakh crore as Sensex soared 2,600 points.
Why Sebi’s regulatory ambit could boost India's crypto industry
Bringing cryptocurrency under SEBI's regulation could revolutionize India's crypto market. Leveraging SEBI's proven track record in market regulation, investor protection, and technological advancements can foster trust, stability, and growth while ensuring transparency and innovation.
Top technology, aviation companies may dial DoT for service call numbers
As more businesses in sectors such as ride-hailing, food-tech, quick grocery commerce, as well as social media adopt voice calls as an option to authenticate users, it makes sense for them to differentiate themselves from fraud numbers. The department of telecommunications (DoT) on Tuesday allocated 160 numbering series for transactional and service calls made by businesses for commercial purposes. This was done mainly to protect mobile phone users from the surging nuisance of pesky calls and messages, which also lead to financial fr
Bluestone's unicorn round; Sorin’s Rs 1,350-crore fund
Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.
DoT take down over 1000 SMS content templates to protect citizens from potential fraud
DoT, with support from MHA, cracked down on spam calls by blacklisting 73 SMS headers and 1,522 content templates to prevent SMS fraud, as reported by ToI.
Google invests $350 million in Flipkart as part of nearly $1 billion funding round
Flipkart secures $1 billion funding with investments from Google and Walmart. Walmart, which holds an 85% stake, invested $600 million in the round. Valued at $35-36 billion, Flipkart plans to expand with Google's cloud collaboration.
UP government steps in to rescue MotoGP in India, Dorna says decision on race imminent
Uttar Pradesh government, which was the main race sponsor in the inaugural edition in 2023, has now become the event promoter alongside Fairstreet Sports and is keen to ensure that Grand Prix of India takes place in September as mentioned on the MotoGP website.
Best AC Comforters: Year-round comfort and warmth
Explore the curated list of the best AC comforters designed for year-round comfort and warmth. These best AC comforters feature breathable materials and advanced insulation, ensuring optimal temperature control for a cosy night's sleep in any season. Whether you need lightweight comfort in summer or extra warmth in winter, find the perfect comforter to suit your needs and enhance your sleeping experience throughout the year.
Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money
Fraud by bank employees: Many reports of bank employees defrauding customers of the bank. These are the cases where the bank and its customers both are the victims of fraud by the employee(s). In a recent judgement by the SC, it was said that banks would be held liable for criminal misconduct by its employees.
Starting your own business? Take these financial precautions before quitting your job
He has worked for 25 years and has held senior management positions in large companies. He holds a large portfolio of assets, including real estate, equity, mutual funds and bonds. He is fairly confident that his business idea will scale up. His two children are currently pursuing their graduation.
Best sun hats for men- Comfortable and stylish sun protection
Discover the ultimate guide to the best sun hats for men, meticulously curated to cater to your style and protection needs. Whether you're embarking on a rugged outdoor expedition or simply lounging by the beach, these hats are designed to offer unparalleled sun protection while exuding effortless style. From wide-brimmed hats for maximum coverage to lightweight and breathable options for optimal comfort, our selection covers a diverse range of preferences and activities. Dive into our detailed reviews and find the perfect sun hat to complement your outdoor lifestyle, ensuring you're ready to tackle any adventure under the sun with confidence and flair.
OYO withdraws DRHP, to refile IPO post refinancing: Sources
OYO IPO: Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
Israel insists it is doing all it can to protect civilians in Gaza and denies genocide charges
Israel denies genocide charges at UN court over Gaza military op, emphasizes civilian protection. South Africa seeks emergency measures to cease Israeli incursion in Rafah at International Court of Justice. Tamar Kaplan-Tourgeman defends Israel's conduct at The Hague-based court. Hamas attack on Israel leads to war, displacing most of Gaza's 2.3 million population.
Soon-to-be unfair trade practice, telemarketing & fraudulent calls to incur criminal liability
The Department of Consumer Affairs is working to bring out relevant guidelines in a couple of months. These will put accountability on telemarketers and their principal entities — such as banks, real estate companies or any other consumer-facing business — while sending promotional or transactional messages or making such calls for customer conversion.
Total Protection: LIC’s Jeevan Utsav, the ultimate all-round life insurance solution in 1 product
LIC’s Jeevan Utsav offers stability and flexibility with whole life coverage, flexible premiums, and guaranteed additions. It ensures financial security, growth, and customisation for modern investors seeking comprehensive insurance solutions.
Cabin pressure: Are corporate leaders trying to be all-round performers?
CEOs face pressure to prove superhero status beyond the office, managing personal brand and productivity. Balancing fitness routines and social media presence is crucial. Finding time for rest and recovery is essential for overall well-being. Many entrepreneurs do feel the need to constantly stay productive, even during their downtime.
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