Platform Financial News

ZUG, August 20, 2024 – In a groundbreaking move for the digital asset landscape, Partisia Blockchain proudly announces that its highly anticipated MPC token is now officially supported by Koala Wallet, the trailblazing mobile wallet solution. This strategic integration is set to revolutionize how users manage their digital assets, bringing a new level of accessibility and security to the crypto space.

One lucky diamond-handed meme coin trader has unrealized profits of over 100X today after purchasing $2,800 worth of Reddit Dog (r/snoofi) tokens, now worth about $320,000.

edtech firm Byju’s founder, Byju Raveendran, said in an email to his employees that their salaries will be paid promptly as soon as he regains control of the company’s accounts, even if it requires taking on more debt. “When we regain control, your salaries will be paid promptly, even if that means raising more personal debt. This isn't just a promise — it's a commitment. We have investors ready to back our turnaround story,” said Byju Raveendran. On August 14, the Supreme Court stayed the National Company Law Appellate Tribunal’s (NCLAT) order that approved the settlement deal between Think & Learn Pvt Ltd, the parent company of Byju's, and the Board of Control for Cricket in India (BCCI).

Nearly a year after Joe Duran first unveiled his vision for a synergistic financial partner for growth-minded RIAs, Rise Growth Partners has announced its first strategic investment.

Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale which involved selling of over 18.54 crore shares was done in two block counts of 9.27 crore shares each. The shares were sold at a price of Rs 257.46 and Rs 257.17 which was at a premium of 2.3% over the floor price of Rs 251.68, ET Now had reported on Monday quoting agencies.

Zurich, Switzerland – 20 August 2024

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

messaging services and protect consumers from fraudulent practices. Continuing its offensive against unsolicited spam calls and messages, TRAI made it clear that from September 1, 2024, all access service providers will be prohibited from transmitting messages containing URLs, OTT links, or call back numbers which are not 'whitelisted' (authorised) by the senders. To enhance message traceability, TRAI has mandated that the trail of all messages from senders to recipients must be traceable from November 1, 2024. Any message with an undefined or mismatched telemarketer chain will be rejected. The latest move assumes significance as TRAI has cracked the whip on unauthorised telemarketers indulging in promotional calls and messages to telecom subscribers. Last week, TRAI directed telcos to disconnect all telecom resources of unregistered telemarketers found making spam calls, and to blacklist them for up to two years.

Welspun One, an integrated fund and development management platform, has acquired 22-acre land in Gurgaon to develop a logistic park with an investment of Rs 125 crore. «This acquisition marks a significant step in expanding our footprint in one of India's vital logistics corridors. By leveraging this prime location, we aim to create a logistics hub that will not only support our tenants' operational efficiencies but also contribute to India's broader economic growth,” said Anshul Singhal, managing director, Welspun One. According to JLL, transaction advisor for the deal, the Gurgaon/NH-08 corridor boasts a total supply of 64 million square feet for Grade A and B spaces as of H1 2024.

Clients of Northern Trust will have access to a platform to enable positive family discussions about money management due to a new partnership.

Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Large fast moving consumer goods (FMCG) companies also want to initiate sales of such packs through quick commerce as they do not want to miss out on the sales opportunity.

big tech in the EU, the months ahead could prove a winter of discontent as the bloc wields a fortified new legal armoury to bring online titans to heel. Since August 2023, the world's biggest digital platforms have faced the toughest ever tech regulations in the European Union — which shows no sign of slowing down in enforcing them. Brussels scored its first major victory after forcing TikTok to permanently remove an «addictive» feature from a spinoff app in Europe in August, a year after content moderation rules under the bloc's Digital Services Act (DSA) started to apply.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

jobs that did not exist around 10 years ago. These days, there is a requirement for an engineer to produce driverless cars, an influencer to alter consumer behaviour and promote products, and a specialist to analyse sheets of data and extract valuable information. These are just some of the many new job responsibilities and career paths that have emerged, and many more will emerge soon. Here's a glimpse of some careers that were non-existent a decade back but are now hungry for fresh talent: 1) Content creator – With the growing popularity of social media platforms like Instagram, Twitter, Facebook and YouTube among consumers, many individuals are turning to content creation. Making short videos and posting them on social media was considered a hobby earlier. However, today this skill can help individuals fetch thousands to lakhs just on a single post, depending on their reach. Plus, with more and more brands employing digital strategies, there is a surge in demand for influencers and content creators to market their products and influence consumer behaviour. Content creators are a brand in themselves whose voices are highly valued by consumers.

shares of Saraswati Saree Depot hit a 5% upper circuit at Rs 209.95 on BSE following their strong debut on the exchanges on Tuesday. The stock debuted at Rs 200 on BSE, reflecting a premium of Rs 40 or 25% over the IPO price of Rs 160. On the NSE, it was listed at Rs 194, reflecting a 21.25% premium. The listing was slightly below expectations, with shares previously trading at a grey market premium (GMP) of 29% to the issue price.

UPSC lateral entry recruitment scheme, Tamil Nadu Chief Minister and DMK chief MK Stalin on Tuesday termed it a direct assault on social justice, adding that a caste census is imperative to guarantee basic rights to backward classes. In a post on social media platform X, he listed out the steps to uphold social justice and safeguard reservation. «Lateral Entry is a direct assault on social justice, depriving meritorious SC, ST, OBC and minority officers of their deserved opportunities at the top. The Union Government must halt this practice, prioritise filling backlog vacancies for OBCs & SC/STs, and ensure fair and equitable promotions,» he posted on X.

₹230 crore in FY23, Purplle in a statement in July announced that it is operationally profitable. The company also said that it is currently spending on growing its online platform faster than the industry, while scaling offline stores and improving profitability. Earlier, in June, eyewear brand Lenskart, which has seen a series of fundings over the past year, also closed its latest round of $200 million from Temasek and Fidelity through a secondary share sale.

₹5.9 lakh and an annual renewal of ₹3.54 lakh, Primus has positioned itself as India’s most expensive credit card. This ultra-premium offering is aimed squarely at the country’s elite, and its closest rival, the American Express Centurion, charges even more for membership, with a joining fee of ₹8.26 lakh and an annual fee of ₹2.95 lakh. Read this | Cashback, discounts and rewards: The benefits of co-branded credit cards Both cards cater to ultra-high-net-worth individuals (UHNWIs) who value exclusivity and privilege above all else.

₹1—no physical doctor’s time can be this affordable," Pratyush Kumar, cofounder of Sarvam and adjunct faculty at Indian Institute of Technology (IIT), Madras, told Mint last month. “Instead of taking clientele away from doctors, in India, such domain-specific AI models can make healthcare more accessible to a wide population base." The approach Sarvam, Adya.ai and some of their peers are taking marks a sobering change after an initial AI euphoria to create general purpose generative AI models.

ET reported on April 17 that new entrants have been withholding major investments in UPI, waiting to get a sense of the market share rule. PhonePe and Google Pay dominate UPI payments. The government, though, is yet to indicate its official stand to the National Payments Corporation of India (NPCI), which manages the UPI railroad.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...