Platform Financial News

BENGALURU : Digital tech-focused Arkam Ventures has included electric vehicles and manufacturing as areas of focus for its second venture capital fund, in addition to fintech, skilling, software-as-a-service, logistics, and food agriculture, a top executive said. The second fund, thematically, has a multi-fund thesis, said Bala Srinivasa, managing director at Arkam Ventures. “In this fund, you will see a mix of sectors connected by the digitization thesis.

Immediate Bitnex claims to provide users with a new way to trade crypto that’s simple, more attuned to investors’ needs, and more streamlined.

Napoleon directed by Ridley Scott has been a success at the box office, garnering gross revenue of $200 million, being originally made for a streaming platform.

Data shared by Deloitte shows that 75% of the 250 companies surveyed are considering gig workforce for their open positions in 2024, as against 61% last year. Data from freelance platform Flexing It shows a similar trend, with more than 30% year-on-year increase in the number of projects in the tech sector.

By Johann M Cherian and Ankika Biswas

CoinDCX is offering a 1% bonus to all investors who wish to shift their holdings to the platform in a bid to capitalise on the government’s crackdown on offshore crypto trading platforms. CoinDCX has earmarked $1 million as incentives for investors looking to withdraw from offshore crypto exchanges, with a cap of Rs 10,000 per person. Through this initiative, the exchange expects a 500% surge in fresh inflows, contributing to an overall 10,000% increase in cryptocurrency deposits, Minal Thakur, EVP, Growth & Strategy at CoinDCX told ET. “In alignment with our unwavering commitment to the community, we have dedicated $1 million to incentivise users transitioning to CoinDCX,” Thakur said.

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The Monetary Authority of Singapore (MAS) has recently added the non-custodial crypto wallet imToken to its Investor Alert List.

fintech startup SalarySe has raised $5 million in its first institutional funding round from Peak XV’s seed fund Surge and Pravega Ventures. The startup was founded in the middle of 2023 by IIT graduates Piyush Bagaria and Saumeet Nanda along with Mohit Gorisariya, a chartered accountant. It is building a technology platform to offer credit on digital payment railroad Unified Payments Interface (UPI).

Global Participation: Over the years, the Vibrant Gujarat Summit has evolved into a global platform, witnessing participation from 135 countries and over 2000 exhibitors. This year's summit attracted global leaders, including UAE President Sheikh Mohamed bin Zayed Al Nahyan. The 3-km-long roadshow will start in the evening after the PM receives the UAE President at the airport, said Deputy Commissioner of Police (Traffic-East), Ahmedabad city, Safin Hasan.

Tiger Woods, arguably the greatest golfer ever, announced Monday that he will part ways with Nike Corp. The brand has been synonymous with Woods for years, providing the clothing for his 15 major championships and 82 PGA titles.

Patrick J. Adams, renowned for his role in Suits, has openly expressed his eagerness to collaborate with former co-star Meghan Markle once again. Attending the 2024 Golden Globes, Adams lauded Meghan's acting prowess and extended a warm welcome to her potential return to the industry.

Golden Globes 2024, Anatomy of a Fall, the acclaimed French film, has secured nominations in four categories: Best Motion Picture — Drama, Best Motion Picture — Non-English Language, Best Screenplay — Motion Picture for Justine Triet and Arthur Harari, and Best Performance by a Female Actor in a Motion Picture — Drama for Sandra Hüller.

NEW DELHI : New Delhi summoned the Maldivian high commissioner in India on Monday, after distasteful comments by Maldivian ministers raised the diplomatic temperature between the neighbours. Maldivian high commissioner Ibrahim Shaheeb was summoned to India’s ministry of external affairs (MEA) in New Delhi on Monday morning. “Our High Commission in Maldives had strongly raised and expressed concerns about the comments made in regard to the prime minister by certain ministers in the Maldives government with the foreign office today," an MEA official said.

social media platforms over the weekend that they had cancelled plans to travel to the island nation. Some companies have, however, seen a surge in queries for Lakshadweep, they said. It comes in the wake of the row over derogatory remarks against India and Prime Minister Narendra Modi posted on X by three now-suspended junior Maldivian ministers after PM Modi’s posts promoting tourism in the Lakshadweep islands. “We haven’t seen any immediate cancellations for our flights, but since it’s a developing situation, we will be observing closely and will be monitoring the situation after a week,” Deepak Rajawat, chief commercial officer of Vistara, said in response to a query from ET. There are 58 weekly flights between India and the Maldives, operated by IndiGo, Vistara and Air India. IndiGo has seen no immediate cancellations or impact on forward sales, said people with knowledge of the matter. However, the airline did not respond to ET’s queries in this regard. Indigo has cancelled direct flights between Delhi and Male from January 17 as it has been forced to rejig its network due to the grounding of aircraft over issues with the Pratt & Whitney engines fitted in its 150 Airbus A320 aircraft.

One of the most prominent information technology service providers, Infosys, was dealt a huge blow when a multinational corporation made the decision to cancel a Memorandum of Understanding (MoU) worth $1.5 billion that was centered on artificial intelligence solutions. This arrangement, which was first negotiated as a 15-year agreement in September 2023, has been terminated, which represents a significant change in the way that Infosys' company is headed. A shift in the technology budgets and demand environment in the information technology services industry was indicated by the company's disclosure of this event in an exchange filing on December 23.

Emma Stone's performance in Poor Things can expect to watch it online early in 2024. The film, based on Alasdair Gray's 1992 novel, had a limited theatrical release in December 2023, courtesy of Searchlight Pictures, now under Disney's ownership.

FINER) will hold Northeast Renewable Energy & Electric Vehicle Expo-2024. Scheduled from the 19th to the 21st of January 2024, the event will take place at the Sarusajai Stadium in Guwahati, Assam. FINER said the Northeast Renewable Energy & Electric Vehicle Expo-2024 will serve as a significant platform strategically designed to highlight and showcase the latest advancements and innovations in the field of renewable energy and electric vehicles. Featuring more than 100 stalls, the exposition promises to showcase cutting-edge technologies, products, and services in renewable energy and electric vehicles, providing a comprehensive display of transformative technologies, from solar panels to electric vehicles and charging infrastructure. The expo will bring together manufacturers, developers, and service providers to showcase technologies, products, and services related to renewable energy and electric vehicles.

Jefferies upgraded DoorDash, Inc. (NASDAQ:DASH) to a Buy rating (From Hold), raising their 12-month price target on the food delivery platform to $130.00 (From $90.00) after choosing the company as a “Top Pick”, a spot previously held by Uber (NYSE:UBER).

The Marvels' online release date, as the latest addition to the Marvel Cinematic Universe (MCU) gears up for its digital debut after a rather disappointing run at the theaters.

Welspun One, an integrated fund and development management platform, has entered into its second Memorandum of Understanding (MoU) with the government of Tamil Nadu to invest over Rs 2,000 crore over the next five years taking its total investment in the southern state to Rs 4,500 crore. This strategic move solidifies the company’s commitment to the state's economic development and follows an earlier agreement for investment of Rs 2,500 crore inked in 2021. The new pact outlines Welspun One's plan to drive the proposed development of industrial and logistics parks that are expected to generate direct employment opportunities for 5,000 people and contribute to the development of ancillary industries, creating indirect employment opportunities for 10,000 people. «Welspun One's ongoing commitment to invest in Tamil Nadu reflects a collaborative spirit and a common resolve to meet all mutually agreed obligations, guided by the facilitation of Guidance, the pivotal agency of the Government of Tamil Nadu for investment promotion,” said Balkrishan Goenka, Chairman, Welspun World. He expressed confidence the collaborations and projects will play a substantial role in shaping the industrial and economic dynamics of the region. “Our first MoU with the Tamil Nadu Government laid a strong foundation, and we are on track with our investments as per the initial agreement. Our focus is on creating sustainable infrastructure, generating employment opportunities, and contributing meaningfully to the state's industrial growth,” said Anshul Singhal, Managing Director, Welspun One. As part of the earlier pact signed with the state government, Welspun One has set up two projects in Tamil Nadu.