All News

  • TechCrunch 1 day 1 hour ago
    • French startup Younited Credit is building the biggest crowdlending platform in continental Europe.
    • Younited Credit is currently live in France, Spain and Italy as a consumerfacing product.
    • So far, Younited Credit has managed the equivalent of $600 million in loans (€500 million), including $300 million in the last 12 months alone (€250 million).
    • Your phone carrier could let you borrow money from Younited Credit for this purchase directly on its website.
    • That’s how Younited Credit could eventually beat traditional banks and credit cards.
  • Macworld 1 day 1 hour ago
    • And at long last, August has released the third generation of its flagship product: the August Smart Lock Pro.
    • The Smart Lock Pro keeps the old cylindrical August appearance, but the company has also developed a costreduced August Smart Lock.
    • My bottom line recommendation remains: If you’re retrofitting, you won’t find a better choice than the August Smart Lock Pro.
    • It’s certainly not much in the looks department, but at just $149, it’s almost half the price of the Smart Lock Pro.
    • Unfortunately, as easy as the Smart Lock Pro (and 2nd generation Smart Lock) is to work with, the 3rd generation still has some kinks in the system.
  • TechCrunch 1 day 1 hour ago
    • If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures, take a look over at what’s going on in Boston.
    • The Engine, based out of MIT and Cambridge, has raised a $200 million fund to back and help incubate startups working on “tough tech” — new challenges in areas like aerospace, advanced materials, biotech, genetic engineering and renewable energy.
    • There, they have the option of taking digs at The Engine itself.
    • The Engine, she said, plans to build “clusters” — which sound like labs — around specific areas like energy and biomedicine to help provide facilities to the startups.
    • Rae said that about $25 million of the funding comes from MIT, with the rest from family offices and other funds.
  • money 1 day 1 hour ago
    • Mumbai: The rupee on Tuesday weakened marginally against the US dollar, ahead of the US Federal Reserve meeting.
    • At 9.15am, the rupee was trading at 64.16 a dollar, down 0.05% from its Monday’s close of 64.08.
    • The 10year bond yield was at 6.602% compared to its previous close of 6.610%.
    • However, Hong Kong dollar was up 0.19%, Japanese yen 0.08%, Singapore dollar 0.06%, Philippines peso 0.06% and Thai baht rose 0.05%.
    • The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.929, down 0.13% from its previous close of 92.047.
  • Moneycontrol Business News 1 day 1 hour ago
    • Reliance Group firm UNLIMIT and US IT firm IBM on Monday announced that they have entered into a partnership to jointly develop internetofthings solutions.
    • IoT solutions comprise products that can be operated using the internet from anywhere in the world like cars, air conditioners, surveillance, etc with internet connectivity.
    • "IBM and UNLIMIT will cocreate IoT solutions for specific industry verticals, including automotive, insurance, utilities, and industrial automation," both the companies said in a joint statement.
    • UNLIMIT and IBM are also developing IoT solutions for implementation across Reliance Group companies addressing key segments such as – user based insurance (Reliance General Insurance), asset and vehicle Tracking (Reliance Commercial Finance), tower monitoring (Reliance Communications) and transformer maintenance (BSES and Reliance Energy), the statement said.
    • As part of the collaboration, IBM will provide its Watson IoT Platform to collect and connect data, including sensor data, from devices.
  • Moneycontrol Business News 1 day 1 hour ago
    • Aiming to make REITs and InvITs more attractive to investors, capital markets regulator Sebi on Monday relaxed norms to allow these trusts to raise funds by issuing debt securities.
    • This will be allowed for REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) which are listed on national stock exchanges.
    • The Sebi board has decided to have further consultations with the stakeholders on a proposal to allow REITs to invest at least 50 per cent stake in the underlying holding company.
    • Sebi has also decided to amend the definition of 'valuer' for both REITs and InvITs.
    • Regarding REITs, Sebi has allowed 'strategic investors' like registered NBFC, scheduled commercial bank, and international multilateral financial institutions to participate in the public issues of such trusts.
  • Reuters: World News 1 day 2 hours ago
    • UNITED NATIONS (Reuters) U.S. President Donald Trump criticized the United Nations for bloated bureaucracy and mismanagement on his first visit on Monday to U.N. headquarters, calling for “truly bold reforms” so it could be a greater force for world peace.
    • In a building where long statements are commonplace, Trump spoke for just four minutes.
    • The contributions are agreed on by the 193member General Assembly.
    • The United States is a vetowielding council member, along with Britain, France, Russia and China.
    • On Sunday night, U.S. Secretary of State Rex Tillerson met with U.N. High Commissioner for Refugees Filippo Grandi.
  • Moneycontrol Business News 1 day 2 hours ago
    • The growth was primarily on the back of 10.9 lakh new folios added to the equity category (including equitylinked saving schemes) and another 2.36 lakh new folios to the balanced category, the report noted.
    • Folios are numbers designated to individual investor accounts, though one investor can have multiple accounts.
    • The ELSS category, being a popular taxsaving instrument among investors, alone added 1.21 lakh new folios between AprilAugust 2017.
    • The growth has come on the back of awareness campaigns by AMCs and industry body Association of Mutual Funds in India (Amfi).
    • Overall, the assets under management (AUM) of the MF industry, comprising 42 players, reached an alltime high of Rs 20.6 lakh crore in Augustend from Rs 19.97 lakh crore at the end of July.
  • Moneycontrol Business News 1 day 2 hours ago
    • Online restaurant guide and food ordering firm Zomato on Monday said it has become a profitable company.
    • "Zomato is now a profitable company.
    • Yes, throughout the 24 countries where we operate, and across all our businesses, we are starting to make money," Zomato Founder and CEO Deepinder Goyal said in a blog post.
    • The new businesses for the company include online food ordering, table reservations, Zomato Gold and Zomato Base among others, Goyal said.
    • To mark the occasion, "We are rolling out a token of appreciation for restaurant owners and small business owners on our food ordering network in India.
  • Reuters: World News 1 day 2 hours ago
    • The latest wave of violence in western Myanmar’s Rakhine State began on Aug. 25, when Rohingya insurgents attacked police posts and an army camp, killing about 12 people.
    • The Myanmar military response has sent more than 410,000 Rohingya Muslims fleeing to Bangladesh, escaping what they and rights monitors say is a campaign aimed at driving out the Muslim population.
    • Many of the refugees have spoken of ethnic Rakhine Buddhist civilians joining the Myanmar army in its attacks.
    • About a million Rohingya lived in Rakhine State until the recent violence.
    • He will travel to Sittwe, the capital of Rakhine State, to meet government officials and representatives of different communities, including Rohingya, but he is not seeking to travel to the conflict zone in northern Rakhine State.