India announces $1 billion fund for creator economy growth

The Indian government has announced a $1 billion fund to boost the creator economy, supporting digital creators through a public-private partnership. Additionally, the Indian Institute of Creative Technologies (IICT) will be launched in Mumbai with ₹391 crore funding. The initiative aligns with WAVES 2025, promoting India as a global content creation hub.

Mar 13th, 2025

India announces $1 billion fund for creator economy growth

Pragya Swastik

America's Niantic Labs is selling its video-game division, which includes mobile games like Pokémon GO, Pikmin Bloom, and Monster Hunter Now, to Saudi Arabia-owned Scopely for $3.5 billion. Saudi's sovereign wealth fund, via Savvy Games, bought Scopely for $4.9 billion in 2023. Niantic, which had been struggling to replicate Pokémon GO's success, laid off employees in 2022 and 2023.

Mar 13th, 2025

Pokémon GO sold to Saudi govt as part of $3.5 billion deal

Pragya Swastik

American computer chipmaker Intel's shares skyrocketed over 15% on Thursday after the company appointed former board member Lip-Bu Tan as its new CEO following Pat Gelsinger's ouster. Tan exited Intel's board last year over differences about the chipmaker's direction. He's a longtime tech investor and widely respected executive with more than 20 years of semiconductor and software experience.

Mar 13th, 2025

Why did Intel shares skyrocket 15% in a day?

Shristi Acharya

Dontella Versace has been replaced as creative director of Versace by Dario Vitale, effective from April 1. She will become the chief brand ambassador, Versace’s US owner Capri Holdings announced on Thursday. This change comes amid reported speculation that Prada Group may acquire Versace from Capri Holdings, which bought the brand for €2 billion (currently ₹18,881 crore) in 2018.

Mar 13th, 2025

Dontella replaced as Versace's creative director, Dario takes over

Dharini Mudgal

On being asked how he maintained high productivity, JPMorgan CEO Jamie Dimon said, "I love what I do". Sharing pointers that help him work better ensuring better productivity, Dimon said, "I'm never harried, I'm never late, I've always done my pre-reads." "In my meetings, I don't have my phone...I'm looking at you, I'm focused, I'm learning from you," he added.

Mar 13th, 2025

I don't have my phone in meetings: JPMorgan CEO on productivity

Pragya Swastik

Finfluencer Sharan Hegde, speaking on the ongoing Indian stock market correction, stressed upon diversification of assets. "50% of my money is in Indian markets, another 15-20% in the US market...I'm well diversified across gold, crypto, real estate, bonds, private investments," he said. "If you've put all your money in Indian markets...then you might be in trouble right now," he added.

Mar 13th, 2025

If you've put all your money in Indian markets, then you're in trouble: Sharan

Shristi Acharya

SEBI's Secondary Market Advisory Committee may discuss a suitability exercise for retail F&O investors to assess their knowledge and funds, NDTV Profit reported. The goal is to ensure only eligible traders engage in F&O, helping curb excessive volumes. These measures are part of SEBI's broader efforts to protect investors and improve market standards.

Mar 13th, 2025

SEBI may discuss suitability test for retail F&O investers: Report

Pragya Swastik

US President Donald Trump threatened to impose a 200% tariff on all wines and other alcoholic products from the European Union. "EU...just put a nasty 50% tariff on (American) whiskey...If this isn't removed immediately, the US will shortly place a 200% tariff," Trump warned. He also said "EU was formed for the sole purpose of taking advantage of the US".

Mar 13th, 2025

Trump threatens 200% tariff on EU alcohol

Shristi Acharya

TRAI plans to recommend a 5-year satellite broadband spectrum allotment, defying Elon Musk’s Starlink which sought a 20-year permit, according to Reuters. This comes after rivals Jio and Bharti Airtel formed partnerships with SpaceX and Starlink. The recommendation will focus on market growth and flexible pricing, with TRAI's final proposals expected next month.

Mar 13th, 2025

TRAI to limit satellite permits to 5 yrs, defying Starlink: Report

Pragya Swastik

The SIP stoppage ratio hit a record high of 122% in February this year, Moneycontrol reported citing data from the Association of Mutual Funds in India (AMFI). In January, the SIP stoppage ratio stood at 109%. The SIP stoppage ratio reflects the percentage of discontinued or expired SIPs relative to new SIP registrations.

Mar 13th, 2025

SIP stoppage ratio hits all-time high of 122%

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