Platform Financial News

Shiba Inu (SHIB), one of the most talked-about cryptocurrencies, has hit a roadblock in its recent rebound, struggling to break past the $0.000025 mark. As SHIB faces resistance, all eyes are now turning towards its competitor, Retik Finance (RETIK), set to launch on May 21, promising a new era in decentralized finance (DeFi).

Vilangu, a police procedural set in a village near Trichy with its narrative marred by caste, culture and politics, is one of the better web series to come out of south India. In an interview to YouTube channel Galatta Plus last year, its writer-director, Prasanth Pandiyaraj, elaborated on the challenges facing long-form series creators in the south. He mentioned “Mumbai" at least three times.

workspace platform Smartworks has picked up an entire tower with 14 floors of office space spread over 6 lakh sq ft in Pune’s Balewadi through a long-term lease to set up a coworking center and expand its presence in the city. The company has leased the space for a total of 15 years in an upcoming commercial tower 43 EQ close to Balewadi High Street, taking its portfolio of managed workspaces in Pune to over 3 million sq ft. “Our growth in Pune has been outstanding and this expansion aligns with our aim to empower businesses by offering them tailored office solutions to boost productivity and foster growth in a professional, fully equipped and managed setting,” said Neetish Sarda, founder of Smartworks. The company is aiming to start operations at this new co-working hub in October and once live, the hub is expected to accommodate over 8,000 desks.

Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.

Also read | Niva Bupa ropes in Kotak, Axis, HDFC & three others to run its ₹3,000-crore IPO “We will only focus on attractive markets where we have a stable regulatory framework and attractive profit pool, and a value-based customer landscape and where there's a match between the market requirements and our offering," he said, presenting a turnaround plan on 8 May during the company’s earnings call. “We may also serve other markets opportunistically, but only if it makes real commercial sense," he added, noting that Europe and the US fit this criteria and it will ramp up operations in these geographies.

In the DeFi space, Retik Finance (RETIK) has emerged as a beacon of innovation and potential. With its upcoming launch scheduled for May 21st, 2024, at an initial price of $0.15, Retik Finance is poised to revolutionize the decentralized finance (DeFi) sector. This comprehensive analysis will explore the factors driving Retik Finance’s growth and why some experts predict it could reach $3 by December 2024.

Elon Musk, the tech billionaire who acquired Twitter for $44 billion in October 2022, shared the update on X, the platform formerly known as Twitter. “All core systems are now on x.com," Musk wrote, accompanied by an image of a new logo featuring a white X on a blue circle with two shades of blue. This sparked speculation about whether another logo change is forthcoming.

ONDC (open network for digital commerce) has started getting traction in the e-commerce sector and so far five lakh sellers have been onboarded on the platform, a senior official said on Friday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the ONDC was set up primarily to democratise and make digital commerce accessible to smaller players. «It has started getting traction in the last two years. Five lakh sellers have on-boarded of which 70 per cent are small and medium sellers. In April, ONDC facilitated 7.22 million transactions,» Singh told reporters here. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and reduce dominance of giants in the sector.

ecommerce marketplaces like Amazon and Flipkart will have a play, Delhivery cofounder and chief executive Sahil Barua said on Friday. “There’s a sub-segment of quick commerce which is yet to be evaluated. There’s a long distance between 15-minute delivery and same-day or next-day delivery. I think there will be a segment, which will emerge for certain kinds of products, which will be two-hour, four-hour deliveries. We already perform this in all the cities we are present in,” Barua said during the company’s post-earnings analyst call.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

education through a robust credit framework that will allow portability to millions of youth while making skills aspirational, skills development secretary Atul Kumar Tiwari said on Friday. Addressing a session at the Confederation of Indian Industry’s Annual Business Summit 2024, Tiwari said the idea is to bring skilling and education on a common platform so that they can be threaded together, they can be seen together and they can be made portable. “It also gives a certain aspiration value to skilling besides allowing multiple entry and exits between education, skilling and employment through credits which help individuals scale up in their careers,” Tiwari said.

The ONDC (Open Network for Digital Commerce) platform by the government now has more than 5 lakh sellers, of which over 70 per cent are small or medium-sized sellers, said the Commerce Ministry in a statement. ONDC on Friday organised Startup Mahotsav to encourage India’s growing startups to join the platform. The ministry informed that in April 2024, ONDC facilitated around 7.22 million transactions.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Social media firm Reddit’s stock rose 13.5% after a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT.

When it comes to savings and investments, one of the key hurdles faced by lay investors includes financial awareness and knowledge. A number of financial literacy campaigns are conducted by a number of government and private agencies. 

The Depository Trust and Clearing Corporation (DTCC), the largest settlement system in the world, has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States.

Marking a New A Milestone for the Worlds Leading Web3 Professional Network

microblogging site Twitter's name would be rebranded to 'X', all core systems of the company have now been moved to x.com, its head Elon Musk said on Friday. Gone are the days when people referred to the short messages on the microblogging platform as tweets, with a blue and white bird logo. Inputs by users on the website are now called 'posts' and the logo is a simple white X against a black background.

A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery.

The sports streaming platform planned by ESPN, Fox and Warner Bros

shares of Premier Roadlines listed on the NSE SME platform on Friday with a premium of 30%. The stock debuted at Rs 87 as against an issue price of Rs 67 apiece. Ahead of the listing, the company's shares traded with a premium of Rs 15 in the unlisted market.