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Shares of brokerages slip as sentiment sours

Shares of listed brokerages have slid over the past year amid the volatility in the markets, slowdown in new client additions and moderation in trading activity in the cash segment. Shares of IIFL Securities and Emkay Global Financial Services have fallen 45% and 43%, respectively, in the past year. Motilal Oswal Financial Services, ICICI Securities, […]

GBA Capital to fund $10 billion in web3.0 startups

GBA Capital, a Chinese venture capital (VC) firm, announced a $10-billion pledge to establish a Web3.0 fund. It is believed the announcement was made on December 26, 2023, during the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference, stated Cointelegraph. Sources revealed that the GBA Capital Web3.0 fund will invest in startups focusing on […]

Deepfake crackdown: Govt issues advisory to social media platforms to abide by IT rules

Amid growing concerns over deepfakes, the government has directed all platforms to comply with IT rules, as companies have been mandated to inform users in clear terms about prohibited content, and cautioned that violations will attract legal consequences. IT Ministry will closely observe the compliance of intermediaries (social media and digital platforms) in the coming […]

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