Author: FintechLinkage Desk

The government is constantly engaged with the RBI and other regulators and stakeholders concerned to control fraudulent loan apps The corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going…

Mark Zuckerberg was in Japan with his family for a trip mixing pleasure — including skiing. Tokyo: He may be the world’s fourth-richest person and visiting gourmet paradise Japan, but Mark Zuckerberg is eating McDonald’s, according to photos posted on Tuesday by the Meta chief. “Japanese McDonald’s: 10/10. Give these guys a Michelin star,” the 39-year-old said on Facebook and Instagram, alongside photos of himself in sunglasses eating a burger and of his wife Priscilla Chan outside the golden arches. Seen on Zuckerberg’s packed tray were popular Japanese menu items including a shrimp-patty burger, a teriyaki chicken burger, edamame bean…

Union Minister of commerce and industry Piyush Goyal India’s startups are the backbone of new India, said union minister of commerce and industry Piyush Goyal on Tuesday. He added that the startup sector has proved its capability to innovate with ideas across various sectors like mobility, food, textiles, and more. “The Sun is rising, and it is our time under the Sun. I hope we don’t miss the bus. I hope the message goes loud and clear to all startups not to lose this opportunity,” Goyal said while speaking at the curtain raiser event for the upcoming three-day Startup…

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Holmgard Games has unveiled the hardcore tactical extraction shooter Project L.3.3.T. coming for the PC later this year. Los Angeles-based Holmgard Games said it is building a first-person PvEvP hardcore tactical extraction shooter focused on a thrilling blend of tactical gameplay reminiscent of titles like Escape from Tarkov, coupled with innovative features promising to redefine the genre. Holmgard plans to launch the early access phase for Project L.3.3.T. in the second half of 2024, with exclusive closed…

 India’s market regulator has asked the country’s asset managers to give investors more information about the risks associated with their small and mid-cap funds, according to a fund manager and two people with knowledge of the matter. Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said. The funds are being asked to disclose how long it might take to accommodate large…

American semiconductor entity Qualcomm has announced plans to introduce a 5G chip targeted at entry-level smartphones within the sub-$99 price bracket. Committing to gigabit 5G speeds, the chip will facilitate 2-antenna 5G standalone (SA-2Rx) solution, enabling up to 5 times peak speeds compared to 4G within this price category. With the chip’s deployment, the company aims to extend 5G accessibility to 2.8 billion users globally. As per the company’s statement, the inaugural product featuring the chip is slated for release in the latter half of this year. India purportedly ranks among the first few nations scheduled to receive…

Shares of Hind Rectifiers were locked at the 10-per cent upper circuit on the BSE on Tuesday after the company bagged order from Indian Railways. At 10:45 AM, the shares were quoting at Rs 617.45 per share as against a 0.1 per cent gain in the BSE Sensex index. According to the company’s exchange filing, Hind Rectifiers has secured supply orders from Indian Railways worth more than Rs 200 crore for financial year 2024-25 (FY25). Hind Rectifiers Ltd., is engaged in developing, designing, manufacturing, and marketing power semiconductors, power electronic equipments, and railway transportation equipments. For…

Monika Lewinsky’s campaign comes ahead of US presidential election. Monica Lewinsky, former White House intern turned anti-bullying activist, has become the face of a campaign launched by clothing brand Reformation. According to People Magazine, Ms Lewinsky, who turned 50 in July last year, is spreading awareness ahead of the US presidential election scheduled for November this year. Photographed by Zoey Grossman, the ‘You’ve Got the Power’ campaign features Ms Lewinsky striking a series of power poses in office-ready suiting, crisp belted dresses, a leather trench coat and many other outfits. “Voting is using our voice to be heard and it’s…

The video has triggered hilarious reactions from the internet users. To prove their love for their significant other, people often resort to unique and extravagant gestures. However, a recent incident involving a man has left the internet in disbelief. The man has caught the attention of the internet by tattooing his girlfriend’s name on his lower lip.  The video was posted on Instagram by tattoo artist Abhishek Sapkal in December last year and is going viral on the internet. The clip shows a tattoo artist etching the name ‘Amruta’ into the man’s lower lip. He then begins the tattooing process…

Starknet’s February 14th launch garnered immense attention, primarily due to its generous rewards program. Early adopters were compensated with over 700 million STRK tokens, the project’s native cryptocurrency. However, the launch ceremony wasn’t without its controversies. Several accusations arose, with some community members alleging that the Starknet team dumped a significant amount of their tokens, contributing to a price drop below $2 for STRK. Additionally, reports surfaced regarding issues with the token issuance process, further stirring doubts and anxieties among investors. It’s crucial to analyze other indicators for a more comprehensive understanding of Starknet’s current state and future prospects. One…