PayPal on Wednesday announced the launch of its new technology innovation labs in Chennai and Bengaluru. The labs are first for PayPal in India and third after United States and Singapore, respectively, a company statement said. “India is a hot bed for innovation, given the evolving startup ecosystem, diverse merchant profiles and enormous talent pool.. To cater to their needs in the most effective manner, we are delighted to announce the launch of our newest innovation lab in india.,” PayPal, Director of Innovation, Mike Todasco said. The company statement added that its labs in India would support diverse fields including machine learning, artificial intelligence,…
Author: Loknath Das
In the face of automation and technology, accounting and finance teams are being challenged to see beyond the traditional confines of their job description. The shift is seismic – from number crunchers to strategic business partners and data scientists – and the opportunities are endless. For Robynne Sisco, CFO of Workday, she’s long seen her role as more than just “numbers,” and she challenges her team to think the same. I spoke with Robynne this month to learn more about her unique approach to being a CFO, the importance of company culture, and how technology is changing the game in accounting…
Huawei’s digital brand Honor on Friday (4 August) rolled out an attractive financing scheme “Triple Zero” for Honor 8 Lite. The scheme is available for buyers from 5 to 15 August across India constitute zero down payments, zero processing fee, and zero interest rate. No additional processing cost will be charged and consumers can choose from 8, 9 or 10 months EMI loan plans as per their convenience. The triple zero scheme is in association with Bajaj Finance and is applicable only for a limited period. The Honor 8 Lite is available across 30,000 plus stores pan India through a…
Repco Home Finance today reported a growth of 14 per cent in net profit at Rs 45.20 crore for the first quarter ended June. The company’s net profit in the corresponding quarter of the previous fiscal was Rs 39.50 crore. Repco Home Finance, promoted by government enterprise Repco Bank, also reported an increase of 8 per cent in its income from operations to Rs 265.70 crore for April-June period of 2017-18 as against Rs 246.80 crore a year ago. The net interest income grew by 14 per cent to Rs 95.90 crore for the period from Rs 84 crore…
When you buy something online, chances are you use your credit card. If it’s a bigger purchase, like a mattress or a washing machine, you might decide to pay it off over time. Bread is among the financial technology start-ups attempting to get you to ditch your plastic and instead opt to finance your purchase with a loan that has lower rates and predictable monthly payments. Bread said on Wednesday it has raised $126 million through a Series B funding round to expand the number of retailers that offer its financing. Menlo Ventures led the equity portion of the investment, with participation from…
Harshvardhan Lunia, CEO and co-founder, Lendingkart Technologies (file pic) MUMBAI, AUGUST 3: Fintech startup Lendingkart Finance Ltd has raised about $10 million (Rs 67 crore) debt fund from KotakMahindra Bank, Aditya Birla Financial Services and other financial institutions. As the company expands its reach to over 700 cities across the country, these funds will come in handy to re-stock the loan book, allowing them to widen its scope to SMEs country-wide, the company said in a statement here today. Lendingkart Finance has disbursed over 12,000 loans to more than 9,500 SMEs across 23 diverse sectors. Harshvardhan Lunia, CEO and co-founder,…
Mumbai: Billionaire Adar Poonawalla, chief executive officer (CEO) of the world’s largest vaccine maker Serum Institute of India Ltd, is in talks to acquire Mumbai-based Micro Housing Finance Corp. Ltd (MHFC), as he seeks to enter the financial services space, two people aware of the development said. “The due diligence of Micro Housing is underway and the deal may be signed at a size of Rs300 crore,” said one of the two persons, both of whom spoke on condition of anonymity because the talks are private. Poonawalla, 36, whose father Cyrus founded Serum Institute of India in 1966, refused to comment…
Ubisoft let slip some details on what to expect from Mario + Rabbids Kingdom Battle for the Nintendo Switch when it hits on August 29. From playable characters, strategies, and story mode, this is what you need to know. Mario + Rabbids Kingdom Battle gameplay is similar to Final Fantasy Tactics Yes, you read that right. Here there is a team to balance, techniques to master, and a Skill Tree to develop for each hero. The enemies you face at the very beginning are tougher than you’d expect. However it seems to be a whole lot more cerebral. Encounters in Mario…
AMD has formally announced a return to the enthusiast-class gaming space with new graphics cards based on its next-generation Vega architecture. The new AMD Radeon RX Vega series takes on Nvidia’shigher-end GeForce GTX 10-series cards, targeting gamers who want 4K quality and variable refresh rates. The new cards will be positioned above the existing Radeon RX 500 series. There are two primary models, the Radeon RX Vega 56 and Radeon RX Vega 64. As their names suggest, they have 56 or 64 of AMD’s next-gen Vega compute units, for a total of 4,096 or 3,584 execution blocks called “stream processors”. This makes these cards capable of…
Popular multiplayer shooter Overwatch received a new update that adds Doomfist – a new hero to the game. The patch brings Overwatch to version 2.16 and has a size of 1.448GB on the PS4. In addition to including Doomfist, it also promises to fix one of the game’s long-running issues – duplicate loot boxes. “We always want the experience of opening a loot box to feel exciting and rewarding, and in our latest patch, we’re working to improve that experience in two key ways. First, we’re drastically reducing the amount of duplicates you will receive when opening loot boxes,” said Blizzard in a post on its…