Platform Financial News

SME IPO of Aesthetik Engineers has opened for subscription today and will close on August 16. The company aims to raise about Rs 26.47 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) Aesthetik Engineers IPO size

Elon Musk has been accused of exacerbating tensions after a week of far-right rioting in Britain, sparking calls for the government to speed up the rollout of laws policing harmful online content. Misinformation and calls to violence have spread on social media over the past week after far-right and anti-Muslim groups seized on the fatal stabbing of three young girls in the English town of Southport. As rioters clashed with police in some towns and cities, Musk joined the debate on his X platform, posting that civil war was «inevitable» in Britain. Prime Minister Keir Starmer's spokesperson said there was «no justification» for such comments.

India has been a crucible for some of YouTube’s global product successes, including that of its short video format, Neal Mohan, CEO of the Google-owned platform, told ET. A new app, YouTube Create, and some AI-led language tools are being currently tested in India before their global rollout, he added. Mohan, 51, who grew up in Lucknow, is on his first visit to the country after being appointed CEO of YouTube in February last year. Edited excerpts: What are YouTube’s priority areas and expectations from India? I've been on the ground here for a few days now. It's wonderful to see how dynamic the environment here is. The creator economy on YouTube has generated Rs 16,000 crore of economic activity along with 7,50,000 jobs. We're very proud of it and are investing heavily into it. And I think it's just a small example of where this can go.

France is in shock. BNP Paribas is acquiring Axa Investment Managers to create a new pan-European asset management firm with €1,500bn in assets under management and «powerful platforms of public and private assets.» The deal, which bankers from JPMorgan and Zaoui are advising Axa on according to Les Echos, won't close until 2025, thereby Axa's 2,400 people ample months to contemplate their fates. 

Reliance Industries Ltd's media and entertainment unit recorded more than Rs 13,000 crore in revenue for the fiscal year ended March 31, as per the company's annual report and filings by multiple business verticals. Viacom18, the largest media entity of the conglomerate, posted a 75% jump in revenue to Rs 8,032 crore, even as it slipped into the red with a net loss of Rs 252 crore compared with a net profit of Rs 11 crore in the previous fiscal year, due to heavy investments in sports and streaming. RIL, along with its other subsidiaries, has a majority holding in Viacom18 after buying out Paramount Global's Rs 13.01% stake for Rs 4,286 crore. Viacom18 is in the process of merging with Disney's Star India to create India's largest media entity with an estimated valuation of more than Rs 70,000 crore. It owns and operates entertainment and sports channels under Colors and Sports18, besides the JioCinema streaming platform.

Telecom Regulatory Authority of India (Trai) has started holding informal meetings with broadcasting industry stakeholders to discuss issues that would be part of a consultation paper that it plans to issue soon, said people familiar with the matter. The telecom and broadcast sector regulator, under its new chairman Anil Kumar Lahoti, is planning to come out with a consultation paper to take a comprehensive look at the broadcast tariff issue. On Wednesday, the regulator held a meeting with the CEOs of TV broadcasting companies. Prior to that, it held a meeting with the heads of TV distribution companies, the people.

Huffman also highlighted Reddit's robust search capabilities, noting that users conduct over 1 billion searches each month. Recent statistics show a substantial rise in user engagement, with the platform boasting 342.3 million weekly active users, marking a 57% increase from the previous year.Alongside the search summaries, Reddit has been enhancing its platform with various AI-driven tools.

Stocks climbed around the globe and bonds fell after the Bank of Japan moved to reassure markets in the wake of historic volatility sparked in part by the Asian nation’s unexpected rate hike last week.

Shopify SHOP.TO beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday.

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Registered investment advisors using the Flourish Annuities platform will benefit from an expansion of the marketplace announced this week.

A «massive advertiser boycott» allegedly deprived X of billions of dollars.

In a London Stock Exchange notice today (7 August), Quilter said Breedon had notified the firm about his plans to retire from the board, which he has been part of since 2020. Breedon will also be stepping down from all of his Quilter affiliated responsibilities, which will see him depart his role as chair of Quilter Investors, which is the multi-asset investment solutions business of the firm, and his board positions on Quilter Investment Platform, Quilter Life & Pensions and Quilter Financial Planning. The company said a further announcement will be made in due course once Breedon re...

Airbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant’s bottom line even as bookings and revenue rose

The British government has called on Elon Musk to act responsibly after the tech billionaire used his social media platform X to unleash a barrage of posts that risk inflaming the violent unrest gripping the country

India currently has no plans to introduce legislation regulating crypto sales and purchases, a Finance Ministry minister said.

One way to answer that question is to see if stocks are unusually expensive relative to their fundamentals and then estimate the declines required to bring them back to more normal levels. I did just that following Monday’s 3% slide in the S&P 500 Index, expecting to find a frothy market packed with overbought stocks. What I found surprised me.

Canada-based crypto trading platforms (CTPs) are facing tight regulatory deadline from the Canadian Investment Regulatory Organization (CIRO). The crypto operators are required to comply with the deadline to complete their applications to receive an investment dealer status.

NEW DELHI : Despite rising interest and investments in non-Hindi web originals in the country, local-language shows still have a long way to go in terms of viewership, shows a recent report. B&B: Bujji and Bhairava (Telugu) and Inspector Rishi (Tamil)—the most-watched regional-language shows—clocked in a viewership of 4.9 million each, against the 28.2 million of the most-watched hindi show, Panchayat-Season 3, in the first six months of 2024, according to research conducted by media consulting firm Ormax Media. Entertainment industry experts say audiences in vernacular markets are still more lured by cinema and television, and unlike Hindi, there are no established franchises with returning seasons.