Technology

The Reserve Bank of India (RBI) has directed SBM Bank India, one of the most fintech-friendly banks in India, to halt all outward remittance transactions under the Liberalised Remittance Scheme (LRS). This decision was necessitated by certain material supervisory concerns within the bank. The move is part of ongoing efforts by the RBI to maintain regulatory oversight and ensure compliance with guidelines set for cross-border money transfers in India. Background on SBM Bank India SBM Bank India has been at the forefront of India's fintech revolution, offering innovative financial services that cater to both individual and corporate clients. The bank is known for its seamless online banking solutions and its ability to integrate cutting-edge technologies into traditional banking processes. W...

The countdown has begun! If you've been eagerly waiting for 364 days, Apple's Black Friday deals are officially here. The prices of Macs, iPads, and the latest accessories have leaked earlier than expected, prompting excitement among tech enthusiasts. Whether you're in the market for a new device or looking to upgrade your current one, this is your chance to take advantage of some fantastic discounts. Key Highlights: Mac Deals: Apple has dropped prices on MacBook Airs, MacBook Pros, iPads, and more. Accessories: Save up to $51 on a variety of peripherals and smart cases. iPhone Discounts: No direct deals for the iPhone this year. Third-party Offers: Jawbone Jambox and Parrot AR.Drone are available at significant discounts. Apple’s Promotions Today: Here’s a detailed breakdown of today’s ...

Introduction to Dara Khosrowshahi's Resignation Dara Khosrowshahi, the renowned CEO of Uber and a pivotal figure in the automotive industry, has recently completed his tenure as the company's board member at Aurora Innovation. His decision to step down from his role at Aurora was announced during a strategic session focused on the company's stock performance. Dara Khosrowshahi: A Career Spanning Two Decades Khosrowshahi's association with Aurora Innovation began nearly two decades ago, when he joined as an investor. His leadership journey through the company was marked by significant milestones and strategic shifts that contributed to its evolution into a prominent automotive technology platform. The Deal with Uber and Aurora Innovation The partnership between Khosrowshahi's company and Au...

Timed alongside its Worldwide Developer Conference this week, Apple rolled out a new set of App Store Review Guidelines which, somewhat surprisingly, now loosen restrictions around some requirements that need to be met to publish to the App Store. Typically, Apple updates its guidelines to either introduce new rules or clarify existing rules to developers by adding more details. However, this week's changes instead remove a handful of rules around subsets of apps — including lottery apps, apps used for charitable donations, apps that use location and others. The Changes Follow a Series of Legal Challenges and New Regulations in Select Markets The changes follow a series of legal challenges and new regulations in select markets over Apple's control of its App Store, where the company is und...

Web3 Continues to Gain Traction as Tech Giants Invest Heavily In the latest sign of growing interest in web3, Microsoft has backed Wemade, a South Korean video game developer that has been aggressively exploring blockchain technology in recent years. This investment is part of a larger trend where tech giants are investing heavily in web3 startups. Wemade Raises $46 Million from Microsoft, Shinhan Asset Management, and Kiwoom Securities According to a press release by Wemade, the company has raised $46 million from Microsoft, Shinhan Asset Management, and Kiwoom Securities. The investment is being made through the sale of convertible bonds. This marks a significant milestone for Wemade, which has been exploring ways to incorporate blockchain technology into its new titles and offerings. We...

This article reports on the story of Bench, a company that provides accounting and bookkeeping services to small businesses. Here's a summary: The Story of Bench Bench was a popular platform for small businesses to manage their finances, with over 100,000 customers. In December 2022, the company suddenly shut down its operations and laid off all employees without warning. The shutdown notice recommended that clients file for a six-month extension with the IRS to find a new bookkeeper. The Acquisition by Employer.com Days later, Employer.com, a company that specializes in payroll, recruiting, and other HR-related fields, acquired Bench's assets and customer contracts. Employer.com promised to revive Bench's operations and honor its customer contracts. Uncertainties Remain The acquisiti...

The article appears to be a newsletter or blog post from TechCrunch, a technology news website. The topics covered include: Substack's crowdfunding effort: Substack is using crowdfunding to raise additional funds from its users, who are also its customers. This unique approach allows the company to raise more capital without diluting existing investors. Seed Checks: An app that enables founders to apply for funding in a common application format, which is then blasted to 16 investors with individual check-writing capabilities. TechCrunch's upcoming event: The website will be hosting a one-day founder summit in Boston on April 20, featuring interviews with top experts and speakers. Various startup news: StellarFi lands $15M to help people build credit by paying bills on time. Groupon name...

Aston Martin Lagonda Global Holdings: A New Chapter in Luxury Automotive In a significant move, Geely Holding Group has acquired a 7.6% share of British luxury automaker Aston Martin Lagonda Global Holdings. This acquisition marks another milestone in Geely's expansion into the luxury and European markets. Despite not securing a board seat as part of the deal, Geely's track record in influencing other companies suggests that it will likely exert its influence over Aston Martin. Geely's Growing Portfolio Geely has been steadily increasing its stake in various global automotive brands, including: Lotus: A British sports car manufacturer acquired by Geely in 2017. Polestar: A Swedish electric vehicle (EV) maker in which Geely holds a majority stake. Polestar's parent company is owned by Geel...

Last week, we saw the carriers' growth numbers for Q3 2010, and AT&T completely blew away Verizon with new subscribers. Despite the mass availability of Android phones, Verizon only added 1 million subscribers in Q3, its lowest total in years. AT&T added 2.6 million. It's now clear why Verizon has finally capitulated and cozied up with Apple – even with tons of Android models, Verizon simply can't compete with AT&T in terms of new subscriber growth. The iPhone Effect Right now, the question du jour among iPhone aficionados is how many net subscribers will leave AT&T and switch to Verizon once the iPhone becomes a reality in January 2011. That number is going to be a lot larger than people think for a series of compounding reasons. AT&T's Network Issues First off, let's ...

As global capital markets accelerate their shift toward hard technology sectors, the MRC Metaverse Robotic System has become a strategic priority for top technology investors, distinguished by its innovative "virtual-physical fusion" technology and unique economic model.Against the backdrop of converging AI, blockchain, and Web3 technology waves, the MRC Metaverse Robotic System has achieved the first "physical embodiment" breakthrough in metaverse concepts. MRC Technology has built a "second space" with 1:1 mapping to the real world through its globally deployed humanoid robot network, successfully bridging the value loop between digital assets and physical reality."Past metaverse projects often remained at purely visual levels, unable to achieve deep interaction or create real value. MRC...