Platform Financial News

BENGALURU : Byju’s, Dunzo and a bunch of other startups are in a standoff with some vendors, mostly over charges of delayed payments likely arising from mounting financial constraints within the ecosystem. These companies on their part deny the charges, in several instances accusing the vendors of straying from the terms of their contracts, or citing contractual disagreements for non-payments. Vendors, lawyers and industry observers pointed to an increase in cases of defaults or delayed payments last year as several startups struggled to raise capital.

Rolls-Royce Plc has formalized a pivotal seven-year agreement with Azad Engineering, based in Hyderabad, aimed at the production and supply of intricate components crucial for its defense aircraft engines. Azad Engineering's disclosure to the bourses on Monday underscored the strategic significance of this collaboration, positioning the company within the global supply chain for the intricate components essential to Rolls-Royce’s cutting-edge aero engines. Expanding Global Footprint: Under the seven-year commitment, Azad Engineering will play a key role in manufacturing and supplying critical engine parts designed for Rolls-Royce’s defense and military aircraft engines.

Nitish Kumar's exit from the INDIA bloc, Delhi Chief Minister Arvind Kejriwal said that Kumar shouldn't have left and called it «wrong.» Kejriwal made the remark at a press conference responding to a question about Nitish forming a new government with BJP in Bihar. «He shouldn't have left, this is wrong. Such conduct is not good for democracy,» said the Delhi CM. Nitish Kumar on Sunday was sworn-in as the new chief minister of Bihar with BJP support.

Zerodha tech glitch: Kite app 'connectivity issue' resolved, says brokerage firm The service disruption caused significant inconvenience and distress among traders, as it not only rendered customers unable to access their account details but also posed challenges in placing orders or closing open positions. Acknowledging the issue, the company said, "Due to a connectivity issue, some of our users were intermittently facing issues with order placement on Kite.

unclaimed investments, we will look into the use of technology, fees and the role of retrieval advisory platforms. In the first part, we looked into how to check your unclaimed deposits and investments, documents and the steps you need to take to make a claim. You can read it here: In this final instalment on unclaimed investments, we delve deep into the crucial aspects of technology's role, fee structures, and the pivotal function of recovery advisory platforms.

AU Small Finance Bank. The Jaipur Literature Festival brings together some of world’s best intellectual minds on a singular platform where ideas, ideologies, viewpoints, and worldviews are discussed, debated, and challenged.

Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million.

Crypto users have raised concerns about a surge in phishing emails with crypto-themed content, originating from the popular content creator platform Patreon.

3:5 bonus shares, 1:10 stock split: A long-term stock market investor enjoys some extra benefits over a short-term investor or a trader. While short-term investors and traders earn from the stock movement only, a long-term investor gets various rewards that a listed company announces from its capital reserves. These rewards are announced in the form of dividends, bonus shares, stock split, buyback of shares, etc.

Airbnb Inc. is planning to increase the guest service fee for cross-currency bookings as the vacation-rental company pushes into more international markets to boost growth. Starting April 1, an additional fee of as much as 2% will be charged to guests if they pay in a different currency from the listing, Airbnb said on its website. That would bring the guest service fee to as much as 16.5% of the subtotal, which excludes taxes. Hosts can also choose to tack on a cleaning fee, which has prompted complaints from some guests as being excessive. “From time to time, we adjust our fees to better align with the value we provide,” the San Francisco-based company said in an email to users Wednesday. The move could drive approximately $200 million to $500 million in incremental profit in 2025, according to TD Cowen analyst Kevin Kopelman. While the tailwind may be offset if users shift to paying in local currency at checkout, there may still be a high-single-digit impact to 2025 Ebitda, Ken Gawrelski, an analyst at Wells Fargo, wrote in a note. “Sometimes we make changes to give us flexibility to offer and evaluate new products, features and policies, including fees,” Sam Randall, an Airbnb spokesman, said in a separate statement to Bloomberg.

Garena Free Fire Max is a popular battle royale game that gained popularity in India after the original Free Fire game was banned by the Indian government in 2022. Apart from the vibrant graphics and intense gameplay, the beauty of this battle royale game is only enhanced by the release of daily redeem codes by its developers, 111 Dot Studios.

SIDBI ET MSME Conclave was organised in Bhubaneswar on January 19. The event — Empowering MSMEs: Forging a Resilient Future — was organised by Small Industries Development Bank of India (SIDBI) in association with The Economic Times, with an aim to uplift innovation and entrepreneurship in the capital city of Odisha. The high-powered event saw a large gathering of MSMEs and industry stakeholders. The SIDBI MSME Conclave in Bhubaneswar hosted enlightening fireside chats and panel discussions with stakeholders and industry leaders on topics such as building a startup hub, encouraging innovation and fostering collaboration in the MSME clusters in Odisha. The MSME conclave began with a speech from Sudatta Mandal, DMD, SIDBI.

People who love cryptocurrencies and investors are always searching for the next exciting thing in the ever-changing world of digital money. One project creating a lot of excitement is Retik Finance, positioning itself as a strong alternative to the well-known Cardano (ADA). With a tempting price of $0.09 in its presale phase, Retik Finance is catching eyes because of its ambitious goals, strong features, and the chance for a whopping 50x return on investment in 2024.

X has blocked users from searching for Taylor Swift after fake sexually explicit images of the pop singer proliferated on social media this week, an executive said on Sunday. Searches for Swift's name on Sunday afternoon on the social media platform formerly known as Twitter yielded the error message, «Something went wrong. Try reloading.»

major brands. Zeenat Aman, Neetu Kapoor, Sharmila Tagore and Neena Gupta have signed several endorsement deals in recent months and brands say the trend is not about the allure of nostalgia but to leverage how these actresses are reinventing themselves and breaking the stereotypes. These associations help brands ride on their legacy and cut through clutter, industry executives said. Besides, these yesteryear stars charge only about one-fourth of the charges of A-listers such as Deepika Padukone and Alia Bhatt, they said. «There is a noteworthy focus on age inclusivity now,» said Darshana Bhalla, chief executive of talent management company D' Artist Talent Ventures.

Zee Entertainment Enterprises Ltd (ZEEL) ended on a bitter note last week, few in the industry were surprised. Given Zee parent Essel group’s debt problems, a probe by market regulator Securities and Exchange Board of India (Sebi) into its promoters, as well as disagreements between Sony and Zee, the split was long anticipated. Sony Group had agreed to merge its India unit with Zee late in 2021, combining their television networks, digital assets, libraries and streaming platforms to create the country’s largest broadcaster.

The collapse of the non-fungible token (NFT) market last year dealt a blow to OpenSea, raising questions about its once staggering $13.3 billion valuation.

Lee Do-hyun and Kim Go-eun’s upcoming occult thriller, "Exhuma." As the movie gains traction, here's a concise rundown of everything you need to know about this dark and chilling cinematic venture.

Dera Bugti (Balochistan): Exposing the atrocities of the Pakistan Army, the Baloch Republican Party has claimed that the labour quarters of Sui town in Dera Bugti district have been sealed by the enforcement agencies. Taking the matter to the social media platform 'X' on Sunday, the spokesperson of the party, Sher Mohammad Bugti, claimed that so far, 150 people have been taken into custody by the law enforcement agencies of Pakistan at the Sui Gas field.

Former Ottawa Senators player Alex Formenton has turned himself into London police headquarters Sunday.

E-commerce major Flipkart co-founder Binny Bansal has resigned from the company's board, according to a company statement. The development comes after around six months of Bansal selling an entire stake in the company. "I am proud of the Flipkart Group's achievements over the past 16 years.