Platform Financial News

Digital Public Infrastructure (DPI) and Digital Public Goods (DPG) in terms of exports by including newer platforms to help emerging market economies with financial inclusion, innovation and economic growth, two people aware of the matter said. While Aadhaar and UPI are popular among global south countries as these can be easily replicated, India is also pushing for exporting other DPI and DPG, which can significantly impact such economies, the people added.

Paytm Payments Bank cannot accept further credits into its customer accounts and wallets after March 15, 2024, certain additional steps have become necessary to ensure seamless digital payments by UPI customers using '@paytm', the Reserve Bank of India (RBI) had said in March 2024 via a circular. Also read: Do you have a @Paytm UPI handle? 4 things you should know to migrate your UPI handle In response to this, this the National Payments Corporation of India (NPCI) has authorised One 97 Communications (OCL), the parent company of Paytm Payments Bank, to transfer its customers' UPI (Unified Payments Interface) payments to other banks.

Creditors to Lavasa Corp invoked the ₹25-crore performance bank guarantee (PGB) by Darwin Platform Infrastructure (DPIL) earlier this month, citing non-compliance of the corporate insolvency resolution process (CIRP) timeline. This came nine months after the National Company Law Tribunal had approved the transaction. The invocation of the guarantee means that the monitoring committee to implement the plan has now been dissolved and the CIRP process has been halted, putting the decision on the future of the private hill town project back before the NCLT. «Lenders took a decision to invoke the guarantee because there was no movement on completion of the deal from Darwin. The upfront payment of ₹100 crore had to come within 90 days from NCLT order, which came in July, which is long overdue. Lead lender Union Bank has expressed its no confidence in the resolution applicant, so this was a logical move,» said a person familiar with the process.

Mint, EssenceMediacom’s APAC CEO Rupert McPetrie, and South Asia CEO Navin Khemka, shared insights into the merger journey, the imperatives guiding their approach, and the roadmap for future growth. Edited excerpts: Rupert McPetrie: Bringing together these two businesses was an extraordinary moment for us—merging two robust agencies, each with a stellar client list and a wealth of talent. Our aim wasn't merely to combine them; it was to forge something entirely new.

Two asset management firms – one in Texas and one headquartered in Paris, France – have agreed a strategic partnership that will add scale to the firms’ U.S. and global distribution operations.

₹100 crore and mother and baby healthcare company The Moms Co for ₹500 crore. The founders and IAN have despatched the notices since they were not paid the last tranche of payments due in January, the people cited above said on condition of anonymity. The Arc first reported that IAN has sent a ‘notice of default’ to the Good Glamm Group’s board.

Players are increasingly seeking out platforms that offer more than just the standard gaming experience. Scorpion Casino , with its innovative $SCORP token and multi-faceted rewards system, is poised to become a leader in this competitive space.

News Wrap this Week: As we wrap up this week, a look at the top news headlines from from April 15 to April 21. India saw its first phase of voting for the mammoth Lok Sabha Elections 2024 on Friday, April 19. While a few areas in West Bengal and Manipur saw violence and exchange of gunfire, the first phase of polling was "largely peaceful across 21 States/UTs", the Elections Commission of India (ECI) said.

PBKS vs GT 2024 IPL 2024: Amid an intense IPL match between Sam Curran-led Punjab Kings and Shubman Gill-led Gujarat Titans, a light moment caught everybody's eye when the cameraman focused on a Punjab fan in the stadium, who was holding a very interesting placard. The Punjab Kings fan's placard said that he would eat 50 gulab jamuns if the Sam Curran-led unit won the match against Gujarat Titans. The photo of the placard went viral on social media platforms and the Punjab Kings (PBKS) fans connected with the promise amid a dismal performance by the franchise in IPL 2024 so far.

ALSO READ: ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter. On April 26 (Friday), data on PCE index will be unveiled. Following companies are due to report quarterly earnings in the week ahead— Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.

Trai) has started discussions with some handset makers, telecom operators as well as platform providers like Google regarding rich communication services (RCS) messaging, which is gaining pace in India and also contributing to increasing online frauds and spam. «We are aware about the issue and have started discussions with stakeholders, including some handset makers. We will look into the issue and decide what needs to be done,» an official told ET on condition of anonymity. The main issue to be deliberated by the regulator is around differentiating between RCS messages and a normal SMS.

Gold prices rise for sixth week on rising Iran-Israel war fears netanyahu on the X platform wrote, The US Congress just overwhelmingly passed a much-appreciated aid bill that demonstrates strong bipartisan support for Israel and defends Western civilization. Thank you, friends, thank you America!" On Saturday, US lawmakers approved $95 billion in foreign aid for Ukraine, Israel, and other allies.

₹135.04 crore) and Radhe Shyam ( ₹151 crore), both starring Prabhas, Akshay Kumar’s Samrat Prithviraj ( ₹68.07 crore) and more recently Bade Miyan Chote Miyan ( ₹47.52 crore), Salman Khan’s Kisi Ka Bhai Kisi Ki Jaan ( ₹101.44 crore), Ranveer Singh’s ’83 ( ₹103.68 crore) and Cirkus ( ₹35.79 crore) and Shroff’s Ganapath ( ₹11.09 crore) and Heropanti 2 ( ₹24.91 crore), among others, proved to be disasters at the box office despite much hype and anticipation. Trade experts said there is caution on the part of both stars and makers who want the project to first seem feasible on paper before making announcements.

SteamWorld franchise, SteamWorld Heist 2, is set to launch later this year. Developed by Image & Form Games, this turn-based tactics game promises exciting new features and a thrilling pirate-themed adventure. Here’s everything you need to know about SteamWorld Heist 2.

Mahavir Jayanti 2024: Wishes, WhatsApp messages, quotes to share with family “I extend my wishes to the people of the country on the occasion of Mahavir Jayanti. To be part of such a program during the hustle and bustle of elections is comforting," Prime Minister said while addressing the Bhagwan Mahaveer Nirvan Mahotsav. Amid war around the world, PM Modi said, "..Today the world caught in conflict is expecting peace from India.

Formula One is often the playground of the rich and the famous. At every glamorous race from Monaco to Montreal, photographs showing the world’s A-list jet set gallivanting around the paddocks give the impression that only those with a royal familysized bank account can attend. But it doesn’t have to be so. Especially in recent years, the sport has worked hard to shed its image and become more accessible. For instance, more circuits now use streets in urban centres rather than purpose-built tracks outside city limits. The intended message seems to be that you can attend a race without spending a king’s ransom. All it takes is a little foresight and creativity. Here are some pointers to get you started:

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In April, the bullish mood continued for crypto markets. The difference is that now, assets are diverging, each charting a different path of technological development and price action. Cardano (ADA) and Polkadot (DOT) aim to expand in 2024 mostly by introducing new features and attempting to add new projects and users. But when it comes to hither potential gains, the Kelexo (KLXO) presale is winning over with a promising discounted presale. 

With only five days left before the Bitcoin halving, potential buyers are getting cold feet due to the price volatility. However, buyers are willing to take short-term exposure to risk when it comes to new airdrops, mints, and tokens with the lowest possible price. Toncoin is one of the platforms offering those opportunities, but buyers are also flocking to the DeeStream presale, which has a 50X growth potential and solid token utility. 

Ethereum was all set to pump thanks to Hong Kong’s spot ETH approval. However, it was cut short due to the tension surrounding the Iran-Israel conflict. Experts still believe that once the smoke blows away, Ethereum will pump in value as the news of its spot approval goes viral. 

April bank holidays: In April 2024, banks across India are slated to close for a total of 12 days. The specific closure dates vary by state, aligning with the Reserve Bank of India's calendar, which accounts for factors such as public holidays, regional observances, as well as regular weekends.