Platform Financial News

Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest report also demonstrates an increase of $1.1 billion in value since the previous report this past November and marks the fourth year Gate.io has produced user-verifiable PoR.

₹28-55) or a packet of milk ( ₹27-106). Products beyond grocery can help increase the average order value on the platform. A Manyavar kurta set, for instance, sells at ₹2,999.

Kotak Securities introduced the Trade Free Pro plan designed for traders using its Kotak NEO and Kotak Stock Trader platforms. This comprehensive subscription plan includes the Pay Later feature, also known as Margin Trading Facility (MTF), with an annual interest rate of 9.75%.

Bharat Ratna for Karpoori Thakur will "send a positive message among deprived sections of the society". Nitish Kumar, who visits the late leader's ancestral village on his every birth anniversary even slammed BJP and PM Modi for attempting to take “full credit" for it. "I was told by Ramnath Thakur, my party colleague, and the late leader’s son, that the prime minister had called him up after the announcement.

As the crypto industry witnesses increasing competition among emerging and established players, all eyes turn towards a rising star that promises to redefine decentralized finance—Retik Finance. With innovative solutions, explosive token growth, and predictions of 5000% gains, Retik signals its potential to dethrone leading Ethereum scaling platform Polygon (MATIC) this cycle to emerge as the dominant DeFi protocol.This is Retik’s opportunity to cement itself as not just the Polygon killer, but as one of most important blockchain projects as the crypto industry matures into an integrated part of global finance. As adoption reaches unprecedented heights, we look closer at how Retik rapidly accelerated into pole position to dominate the new era of digital economics.

Ashok Gehlot on Wednesday alleged that the consecration ceremony at the Ram temple in Ayodhya was given the form of a political event and claimed that the speeches delivered from the mandir's platform were «dangerous». He also questioned why senior BJP leaders such as JP Nadda, Amit Shah and Rajnath Singh did not attend the ceremony. «It is also a mystery that JP Nadda, Amit Shah and Rajnath Singh were not present at the consecration.

bus ticketing platform AbhiBus said on Wednesday it has seen an 86% month-on-month increase in travel demand to Ayodhya, particularly among Gen Z travellers. The company said the surge reflects a 'significant' trend of enthusiasm and spiritual inclination among the younger generation to visit the Ram Mandir.

Interim Budget have been robust, but in view of the current global headwinds the govt would need to continue its thrust on public capex, Ficci said in a note on January 24. There is a need for an «Indian Taxonomy» comparable and interoperable with global taxonomies, frameworks and principles, it said, adding that evaluating exposure to sustainable versus non-sustainable activities is difficult for banks and other financial institutions without a taxonomy. China plus one: Given the current global business dynamics and most advanced economies looking at China plus one strategy, India has a big manufacturing opportunity knocking at its doors. India must keep making efforts to become a global manufacturing hub by incentivising and attracting large investments from global manufacturing companies, Ficci said in its budget recommendations. PLI scheme: While the Production Linked Incentive (PLI) schemes have worked well, the government could look at extending the concessional tax regime for manufacturing operations for at least five years, Ficci recommended. Given that many global investors are lookingn to put money to work in India, extending these concessions will boost investor confidence further, it said.

By Hyunjoo Jin and Joseph White

Leading Web development companies enable businesses to fully utilise the Internet for efficiency and innovation by offering e-commerce platforms, CMS, web applications, and more. They have a team of web developers who are proficient in delivering effective and user-centric solutions for several industries, including healthcare, finance, education, e-commerce, and many more.

TikTok is laying off dozens of workers in its advertising and sales unit, becoming the latest tech company to trim jobs in the new year

The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year.

Rario, a cricket-focused non-fungible tokens (NFTs) platform, said in a statement on Wednesday that it is winding down its current product, effective January 29, as it navigates management failure and headwinds in the Web3 and NFT industry. The first test match between India and England will be the last game that the company will host. Users can withdraw their wallet cash balances till March 31.

cloud kitchen segment in India to maintain the pace of revenue growth seen in the past. The earnings reports of the first two quarters of listed restaurant and food companies point to a broader trend of sluggish growth amid macroeconomic headwinds.

Tata Consultancy Services chief operating officer NG Subramaniam. Though clients are not cutting down on the budgets in the ongoing fiscal 2024, they are optimising every aspect of the business since macro uncertainties remain, he told ET in an interview. “It's difficult to put a number at (the growth next year), because of the way the market uncertainties are. But I feel that FY25 will be a better year than 2023 (FY24),” said Subramaniam.

promoter of the second-largest pharmacy retail chain MedPlus Health Services, is set to refinance the debt held by private equity firm Warburg Pincus, said sources familiar with the matter.

Interoperable blockchain network Socket has announced the retrieval of 1,032 Ether tokens worth $2.3 million.

Binance and BitMEX recently made $WIF available for trading via a new listing – WIF/USDT. The platforms described the perpetual swap as the token’s first major listings. From the look of things, this listing initially had a positive impact on $WIF’s price action before selling-off.

NEW DELHI : A handful of top OTT stars, who are now seen across premium web originals, have gained so much popularity over the past few years that streaming projects are being mounted on their names. Actors like Manoj Bajpayee, Shefali Shah, and Pankaj Tripathi not only make ₹3-4 crore per title, they are also seen as so bankable in the plateauing OTT ecosystem that platforms are willing to wait until they can come on board. However, industry experts warn a certain fatigue could set in, given that the same faces are seen across shows.

Fintech firm Taurus has received regulatory approval from Switzerland’s financial regulator to offer tokenized securities to retail clients. In a press release published January 23rd, Taurus announced that it had received regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to make its financial services and TDX Marketplace available to retail clients.

Edited excerpts: We started 2023 with the clarity that MeitY is our nodal ministry. That was a significant development for us. Finally, we had a body to go to with our thoughts, concerns and questions.