Platform Financial News

₹199.55 apiece on the BSE on Tuesday after global brokerage firm Macquarie initiated coverage on the stock with an ‘Outperform’ rating. Macquarie has set Aditya Birla Capital share price target at ₹230 for the next 12 months, implying an upside potential of over 26% from Monday’s closing price and is its top pick among NBFCs.

Online food delivery platform Zomato said it has received a service tax demand and penalty order aggregating over Rs 184 crore, and will file an appeal against it before an appropriate authority. The demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India, the company said in a late night regulatory filing. The company also mentioned that in its response to the show cause notice it had clarified on the allegations along with supporting documents and judicial precedents, «which appears to not have been appreciated by the authorities while passing the order.»

Eyestem, a cell therapy company at the forefront of regenerative therapy, has received approval from India’s Central Drugs Standards Control Organisation (CDSCO) to commence human trials for Eyecyte RPE, aimed at combating geographic atrophy arising from dry age-related macular degeneration (AMD). Dr Jogin Desai, Founder and Chief Executive Officer, Eyestem, said in a statement, “The commencement of human trials represents a significant and proud moment for all of us at Eyestem. Being a purpose-driven company, our commitment is to ensure that Eyecyte RPE reaches a much larger patient base than most cell and gene therapies worldwide. Our cell therapy platform has the ability to create products of the highest quality at scale, and we look forward to validating this hypothesis with our flagship product.” “We are delighted to be part of this pioneering effort in this area from our country. The LVP team is solidly behind this project and are optimistic about its success,” said Gullapalli N Rao, Chairman, Founder, L. V. Prasad Eye Institute, Hyderabad.

Crypto.com is expanding its global presence by launching its app in South Korea, slated for April 29.

ESG practices are considered pivotal for business sustainability and community engagement. Consumers are increasingly favouring socially conscious brands, providing a competitive edge for MSMEs embracing sustainability.

Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK.

Aditya Birla Fashion and Retail: ABFRL is contemplating a vertical split of its Madura Fashion & Lifestyle division into an independent publicly traded entity, as stated in a stock exchange filing on Monday. This proposed split is expected to result in two separate publicly traded companies, each functioning as an independent growth platform with unique capital structures and concurrent opportunities for value creation, ABFRL said.

Alia Bhatt's non-appearance on a recent episode of Kapil Sharma's show, 'The Great Indian Kapil Show,' has sparked rumours and speculation about potential reasons behind her absence. While the episode featured the Kapoor family, including Ranbir Kapoor, Neetu Kapoor, and Riddhima Kapoor Sahni, Alia was notably missing, prompting fans to wonder if there was a rift or disagreement.

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Reserve Bank of India (RBI) to seek a bigger global role for the rupee through the next decade to match New Delhi’s world-beating rates of economic expansion, fixing a significant milestone target in what would be the local currency’s long journey toward capital account convertibility. “Today, India is becoming an engine of global growth with a 15% share of the total,” Modi said at the 90 th Foundation Day of the RBI. “Efforts should be made to make the rupee more accessible and acceptable all over the world.” The RBI has lately pioneered the digitisation of payments through the Unified Payments Interface (UPI), a platform many developing and developed nations are keen to use. It has also helped improve the asset quality of Indian lenders through a determined clean-up drive, aided by a revamped bankruptcy law.

Reliance Industries campus in Chennai, several people aware of the matter told ET. This will help the American company process user generated content locally across its flagship apps such as Facebook, Instagram and WhatsApp. The Mark Zuckerberg-led company inked a deal with RIL following discussions at the recently concluded pre-wedding celebrations of Ambani scion Anant at Jamnagar in early March, the sources added.

Road House, featuring Jake Gyllenhaal, was released on Amazon Prime Video on March 21. The reboot of 1989 classic has delivered a rating of 50 million-plus viewers, according to a report in Deadline. Road House, directed by Doug Liman, boasts an ensemble cast of Daniela Melchior, Darren Barnet, Billy Magnussen, Conor McGregor, Arturo Castro, Lukas Gage, Jessica Williams, and JD Pardo.

Steven Knight, the mastermind behind «Peaky Blinders,» takes audiences on a musical journey with his latest creation, "This Town." Set in Birmingham during the 1980s, the series delves into the explosive ska and two-tone music scene that transformed the city amidst political turmoil. Plot

The Chosen Season 4, fans are eagerly anticipating its arrival on streaming platforms. The eight-episode season graced select theaters in February, offering viewers a cinematic experience. The excitement among viewers has mounted as Variety recently announced that production for Season 5 is set to commence in Utah next month, signaling a promising future for the faith-based drama.

Netflix on March 31. With the curtains closing on Netflix, loyal viewers are left wondering where they can continue their journey with the Greendale gang. But fear not, as we bring you the ultimate guide on how to continue streaming Community online.

Netflix has so far given greenlight for several renewals for upcoming seasons of shows, generating excitement among subscribers eager for new content. This comprehensive list includes every Netflix Original show, as of April 2024, slated for a new season premiere in 2024. With a diverse range of genres and captivating storytelling, these renewed series promise to offer something for everyone, from gripping dramas to hilarious comedies and thrilling mysteries.

Raymond James is starting April off on a strong note as it lands a billion-dollar powerhouse on the West Coast.

Brookfield Asset Management Inc.’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer says.

RIA Clearstead Advisors is boosting its status among top wealth managers as it secures the assets of Virginia-based Wilbanks Smith and Thomas Asset Management.

AlTi Global, a global wealth and alternatives manager, announced that it is acquiring independent advisory firm East End Advisors, which manages approximately $5.6 billion in assets for UHNW families and foundations.

NEW DELHI : Aditya Birla Fashion and Retail Ltd (ABFRL) is evaluating a vertical demerger of the Madura Fashion & Lifestyle business from itself into a separate listed entity, the company said in an exchange filing on Monday. The proposed demerger will help create two separately-listed companies as independent growth engines with distinct capital structures and parallel value-creation opportunities, ABFRL added.