Page 54 - Data Science For News Today

The company, which launched its second smartphone in the country on Thursday, has already achieved profitability in trading its products in the market, but is yet to achieve operational profitability, he said.

The tool would be similar to Microsofts Copilot, which can complete lines and blocks of code based on the first parts of the code typed in by a developer, the news service reported. Apple could include the feature in its Xcode software as early as this year.

According to a report from IDC, the Indian wearable market recorded 134.2 million units in 2023. The average selling price of wearables dropped over 15% to $21.2. IDC also said that the Indian wearable market will see a single-digit growth in 2024.

Startup funding in the third week of February 2024 rose by about 77% from the same week a year ago, totaling $143.6 million across 21 different deals. Companies across seed, early, and late-stages had raised about $81 million from 32 rounds in the period from February 10 to February 16, 2023, as per data from Tracxn.

The regulator also extended the deadline for customers to make deposits and credit transactions in the bank till March 15. In a detailed document, the RBI elaborated on what this move means for customers using Paytm Payments Bank for receiving salaries, paying EMIs and more.

Debjani Ghosh, president of Nasscom, warns that excessive focus on regulations will hinder Indias AI potential. Less than 35% of companies worldwide effectively use AI, and thinking of AI with fear prevents its deployment at scale. Unlocking AI potential is crucial, and a change in the regulation mindset is needed.

However, it did not provide any further extensions to Paytms parent One 97 Communications and payment gateway subsidiary Paytm Payments Services on transfer of its nodal accounts.

PB Fintechs subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance business. It reported a net profit of Rs 37.2 crore in Q3 with revenue from operations of Rs 871 crore. The company plans to apply for a payments aggregator license.

This will ensure that merchants who accept digital payments through Paytm will be able to continue doing so. The Reserve Bank of India had asked Paytm to close all its nodal accounts with Paytm Payments Bank latest by February 29.

Belgium, the current holder of the rotating EU presidency, is unlikely to muster enough support for yet another attempt, especially as the European Parliament which has to endorse a final deal, gradually winds down ahead of elections in June.