Platform Financial News

Konstelec Engineers IPO: The initial public offering (IPO) of Konstelec Engineers Pvt Ltd is going to hit the Indian primary market on 19th January 2024 i.e. on Monday next week. The public issue will remain open for bidders till 22nd January 2024.

By Pradeep Bhargava

Massachusetts Attorney General Andrea Campbell announced a $3.5 million settlement with the online food delivery service platform Grubhub

personalized news reading app, Artifact gained attention for its innovative features, including AI-powered article summaries, the ability to comment on articles within the app, and tools to mark articles as clickbait. The app also allowed users to post links and share interesting content from the internet, along with a post rating feature reminiscent of the 'X-like' feature. Despite the efforts to continually improve the product, Systrom explained that the market opportunity for Artifact did not justify further investment.

Prevention of Money Laundering Act (PMLA), PTI reported. They were presented before a special court in Raipur on January 12, and the ED lawyer, Saurabh Pandey said the court has remanded them to ED custody until January 17. Tibrewal, described as a "close associate" of accused Vikash Chapparia, is alleged to have acquired undisclosed properties in Dubai and holds a significant stake in a foreign portfolio investment (FPI) company, where Chapparia is also a shareholder, as per the report.

Republic Day parade from the Indian Army including the LCH Prachand chopper, Pinaka multi-barrel rocket launchers and Nag anti-tank missiles. The LCH Prachand is the first indigenous Multi-Role Combat Helicopter designed and manufactured by HAL. It has potent ground attack and aerial combat capability.

In the year 2023, the proliferation of sophisticated phishing schemes has had a profound influence on the landscape of the bitcoin industry. The 2023 Wallet Drainers Report published by Scam Sniffer sheds light on the worrisome pace at which these scams have begun to spread, resulting in significant financial losses and victimizing a large number of people.

Mamata Banerjee is set to miss a crucial virtual meeting of INDIA bloc leaders that is held virtually on Saturday, PTI reported. A TMC leader has claimed that Banerjee has an event lined up that clashes with timings of the INDIA bloc meeting.

Binance Holdings Ltd. acrimoniously split with its Indian affiliate WazirX in 2022, the world’s largest cryptocurrency exchange looked near-invincible in the local market while WazirX was flailing. A government crackdown on offshore platforms has abruptly reversed the competitive dynamics. Since Indian authorities in late December began restricting access to Binance and other foreign crypto exchanges operating there without local registrations, traders have flocked to domestic rivals like WazirX. Many of them are moving deposits across from Binance, according to the local venues. It’s a welcome reprieve for WazirX and competitors like CoinDCX and CoinSwitch Kuber, which were pummeled by a 2022 taxation regime that drove traders to offshore exchanges. They appear poised for further gains after Apple Inc.’s App Store this week took down the apps of Binance and seven other foreign exchanges after a request from India’s government. Deposit inflows at WazirX jumped about 250% in the four days following India’s Dec. 28 compliance show-cause notice to nine offshore platforms, compared with the four days leading up to it, according to the company. CoinDCX reopened for deposits right after the event and they immediately began pouring in, CEO Sumit Gupta said.

Polkadot’s (DOT) founder, Gavin Wood, recently introduced Polkadot 2.0. This approach uses core time rentals to become flexible and is an excellent addition to its ecosystem. Meanwhile, Toncoin (TON) and InQubeta (QUBE) are notable DeFi projects positioned to drive significant development with their dynamic ecosystems.

China's Weibo social media platform blocked a hashtag on Taiwan's election Saturday after it became one of the site's top-trending topics following polls opening on the self-ruled island. «In accordance with relevant laws, regulations and policies, the content of this topic is not displayed,» a notice on the website showed when the hashtag "Taiwan election" was searched for at around 9:45 am local time (0145 GMT).

Sachin Tendulkar was all praises for the Jammu and Kashmir Para cricket team captain Amir Hussain Lone, when news agency ANI, released a video of the 34-year old batter playing the gamer wearing a jersey marked Sachin Tendulkar. Tendulkar took to microblogging platform X and exclaimed, “Amir has made the impossible possible". Amir Hussain Lone hails from Waghama village in Bijbehara.

Amit Malviya had remarked “it is a crime to be Hindu in West Bengal", after a video emerged on social media platforms showing a group of sadhus (ascetics) purportedly stripped and assaulted by a mob in the Purulia district. Amit Malviya lashed out at the ruling Trinamool Congress (TMC) government helmed by West Bengal chief minister Mamata Banerjee for the “absolutely shocking incident". "Absolutely shocking incident reported from Purulia in West Bengal.

Indian Railways' PSU stock locked at 16% upper circuit to hit 52-week high-mark During the Covid lockdown, railway operations were completely shut but resumed in June 2022. However, after the resumption of the train operation, the concessions were not restored. Since then, the issue has been raised on various platforms, including in both houses of parliament.

Three significant milestones have been announced by Arax Investment Partners to scale up its multi-partner platform.

Digital Connexion on Friday said it was launching its first data center campus catering up to 100 megawatt (MW) critical IT load capacity in Chennai's Ambattur Industrial Estate. The company which is a three-way joint venture between Brookfield Asset Management, Reliance Industries and Digital Realty said that during the first phase of the data center, MAA10, will offer 20MW of IT load and features a modular infrastructure design that will enable customers to scale their infrastructure in response to varied workload demands, accommodating anything from single cabinet needs to multi-megawatt requirements.

ChatGPT developer OpenAI issued a blog post responding to allegations levelled by the New York Times in a lawsuit filed last month. The news organisation had accused OpenAI of «wide-scale copying» and using millions of articles published by it for training chatbots. OpenAI has refuted some of these allegations and claimed that the fair use doctrine of copyright laws will apply in its case. ET explains the case and its ramifications.

Wells Fargo Advisors, with close to 12,000 financial advisors across various business channels, said Friday that it was selling new spot bitcoin exchange-traded funds, but only when a customer asked for the security in a non-solicited trade or without any prompting from a salesperson.

By Carolina Mandl

premier on Blu-ray. The Blu-ray release date for Godzilla Minus One has not been officially announced yet, but industry expectations suggest it may be available in late 2024. «Godzilla Minus One», directed by Takashi Yamazaki and produced by Toho Studios, made its theatrical debut in the US and Canada on December 1, aligning with its release in several other regions including France, Italy, Spain, Benelux, the Nordics, Poland, Australia, and New Zealand.

₹12,000–15,000, much higher than the average fare of ₹3,000–5,000. The spike in hotel tariffs is starker, peaking to ₹45,000 per night for a room that would otherwise cost about ₹4,000. “The hotel industry is working on the infrastructure to cater to the footfalls expected for Ayodhya city, but this will take time.