The FinTech Hub
Source: Business Standard The widened US-India rate spread offers companies a larger margin of safety when converting rupee borrowings into dollar loans via currency swaps Credit: Bloomberg 3 min read Last Updated : Sep 19 2024 | 2:49 PM IST Indian firms are opting for cross-currency swaps to convert part of their rupee debt…
Source: Live Mint Shares of Indus Towers dropped by 13 per cent on Thursday, hitting a low of ₹366.30 on the BSE, following the Supreme Court’s ruling in the Adjusted Gross Revenue (AGR) case, which denied telecom companies’ request for a re-computation. The Supreme Court upheld its previous decision on the AGR issue, insisting that…
Source: Coin Tegraph Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025. Read Full Article
/cdn.vox-cdn.com/uploads/chorus_asset/file/25629915/1590511768.jpg?w=600&resize=600,400&ssl=1 "Cruise plots its robotaxi return to the Bay Area")
Source: The Verge Almost a year since the horrifying crash in which one of its driverless vehicles ran over and dragged a woman 20 feet, Cruise is planning its return to the Bay Area. The company said in a post on X that it is deploying “several” manually driven mapping vehicles in Sunnyvale and Mountain…
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 12:10 PM IST The NSE Nifty 50 index today hit a fresh life-time high at 25,611.95 on the back of 50 basis points interest rate cut by the US Federal Reserve, a first in the last four years. Today’s market rally…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25629756/Amazon_AI_shopping_recs.jpeg?w=600&resize=600,400&ssl=1 "Amazon is stuffing generative AI into its shopping experience")
Source: The Verge Amazon has introduced a batch of new generative AI tools that aim to improve the retail experience for both customers and sellers on the platform. One of the more notable features announced at the Amazon Accelerate event on Thursday will use customers’ preferences, search, browsing, and purchase history to create personalized product…
Source: Bitcoinist Recent developments in the crypto space have underlined the continuous danger of frauds, especially via social media channels. High-profile X (previously Twitter) hacking events have exposed significant number of victimized accounts, promoting fake memecoins. These events highlight security flaws as well as the extent scammers will go to exploit unsuspecting users. High-Profile Hacks…
Source: Coin Tegraph WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. Read Full Article
Source: Business Standard Credit Card(Photo: Shutterstock) 3 min read Last Updated : Sep 19 2024 | 2:51 PM IST IDFC FIRST Bank on Thursday launched the Ashva Credit Card, its newest offering for the modern, discerning user. Packed with luxury travel benefits like low forex charges and complimentary access to airport lounges, the metal…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
