Platform Financial News

25.12 / 08:27
Citi Platform Marvell beautiful New-age amenities with a touch of mythology: How Ayodhya railway station is being remodelled ahead of temple consecration
Ayodhya railway station after the ongoing revamp. Prime Minister Narendra Modi is scheduled to inaugurate the revamped Ayodhya railway station later this week. Tourists pouring into the temple town ahead of the grand consecration of the Ram Temple on January 22 are stopping at the railway station, marvelling at the ongoing revamp work which is aimed at giving it the look and feel of a temple. Prime Minister Modi will touch down at the temple town on December 30--ahead of the consecration ceremony next month. Purshottam, a tourist from Delhi, said the revamped railway station, while being equipped with new-age amenities for the benefit of passengers and visitors, will also have echoes and influences of Hindu mythology in its overall appearance. «We are here for the first time.
25.12 / 08:24
Google Platform Software Gemini performer song elon Year ender 2023: Elon Musk's Grok AI, Google Gemini, GPT-4; Checkout top 5 AI launches of 2023
Elon Musk's Grok AI, Microsoft's Bing Chat and Google's Gemini language model. We take a look at the top 5 AI launches of 2023. Probably a little taken aback by the sudden rise of generative AI technology, Google rushed to launch its own chatbot, named Bard, as an 'early experiment'.
25.12 / 07:25
Manufacturing Platform Remark Glacier stage country Year-Ender 2023: How India transitioned from defence importer to exporter
Year-ender 2023: In a remarkable shift, the Indian government's strategic transition from being a net importer to a net exporter has propelled the country's defence sector to new heights. The Ministry of Defence marked a historic year in 2023, witnessing a surge in defence exports, reaching an unprecedented ₹16,000 crore in the financial year—almost ₹3,000 crore more than the preceding year. Concurrently, defence production crossed the monumental milestone of ₹one lakh crore for the first time.
25.12 / 07:22
CEO Platform Strategy Mobile PINK reports Department Layoffs in 2023: Paytm's parent company, One97 Communication, hands over pink slip to over 1000 employees
Paytm Layoffs: Joining the bandwagon of layoffs in 2023, Paytm's parent company, One 97 Communications, has made the decision to terminate more than 1,000 employees across various departments as part of a broader cost-cutting strategy, as reported by the Economic Times. The development comes after Vijay Shekhar Sharma, CEO and founder of Paytm, while sharing his to-do list ahead of the New Year, called out for suggestions from users for the fintech app.
25.12 / 07:11
Citi Platform Metro stage country PE investments in real estate decline by 44% to $3.0 bn in 2023: Knight Frank India
India’s real estate market received private equity (PE) investments of USD 3.0 billion from 23 deals in 2023 (January 01 – December12, 2023), as against USD 5.3 bn recorded in 2022, according to Knight Frank India.
25.12 / 06:26
Target Digital Google CEO Platform country cover Cashfree’s new payments orchestration platform aims to help businesses cut processing costs by 40%
businesses, payments and API banking company Cashfree Payments has launched a self-hosted payments orchestration platform, FlowWise. The platform’s self-hosting feature claims to eliminate safety concerns, making it a secure solution for merchants. Akash Sinha, Co-founder & CEO, Cashfree Payments, says FlowWise is a single-point payments management solution for India’s digital-first businesses.
25.12 / 06:22
Provident Platform Software Hyundai pandemic love Amazon Is a Go-To for Toilet Paper and Batteries. Can It Sell Cars?
Willie Hall loves to browse and buy cars online, but he wants more options. Soon, he may turn to Amazon.com. “I’m already a Prime member," said Hall, who lives in Colorado and bought a used Fiat 500 Abarth on Carvana in 2021.
25.12 / 05:10
Digital Platform Gap cover social reports guidelines All­-in-­one insurance cover Bima Vistaar to be rolled out in Q1: Report
The first of its kind affordable insurance product covering risks against life, health, and property, is set to be rolled out in the first quarter of the next financial year, reported Business Line. 
25.12 / 04:56
Digital Platform Mobile Discover country guidelines YouTube rolling out policies specifically for dealing with deepfakes and for AI: Ishan John Chatterjee
Ishan John Chatterjee, Director,YouTube India, says “in terms of the trends, as I mentioned before, short form video, lots of casual creation is happening there; longer form consumption happening on connected TV and screens and lots of consumption happening from non-urban, non-metro places and languages other than English and Hindi.” So, YouTube recently completed 15 years of being in India. Which categories did really well over the past few years and especially in 2023, the kind of geographies that particularly stood out for you, the genre, languages, overall what did Indians watch in 2023? Ishan John Chatterjee: This is an important year. As you said, we have completed 15 years in the country and YouTube's journey in many ways has mirrored India's own digital transformation. Now to your point about what has happened in this year, I think there are some very interesting trends that we have been seeing over the last couple of years, which have only been reinforced. So, I would say the first one is the growth of short form video as a category.
25.12 / 03:41
Twitter CEO Platform President country Inside Year-Ender 2023: Turkey earthquake to Chandrayaan-3, a look at 18 biggest events this year
killed over 19,000 people and left tens of thousands injured in Turkey and Syria. An earthquake of magnitude 7.8 centered in the Pazarcik district jolted Kahramanmaras and hit several provinces, including Gaziantep, Sanliurfa, Diyarbakir, Adana, Adiyaman, Malatya, Osmaniye, Hatay, and Kilis. Later in the day, an earthquake of 7.6 magnitude centred in Kahramanmaras's Elbistan district jolted the region.
25.12 / 03:30
Aware Platform Experts social electronic information RBI cracks down on illegal forex trading
Reserve Bank of India (RBI) is in talks with banks and the government for more stringent measures to ensure that banking channels are not misused for illegal forex trading. In a letter to all stakeholders last month, the RBI sought suggestions on the matter and also urged them to create greater public awareness. Earlier this year, the Directorate of Enforcement arrested two businessmen in connection with illegal activity. 75 entities in alert list so far The investigations revealed that the Kolkata-based accused controlled and managed 180 bank accounts, from which Rs 120 crore was seized. «There would be far more scrutiny by banks on account holders making forex transactions on non-authorised platforms, including apps,» said one of the officials who didn't want to be named.
24.12 / 21:59
Citi Provident FIVE Platform awards Bill Department France’s EDF looks to raise $100 mn to expand smart meter biz
French government-owned utility services provider Électricité de France SA (EDF) is looking to raise more than $100 million for its smart meter platform, three people with knowledge of the development said. The company is looking to bid for contracts in major cities across India, the first person cited above said. “A few strategics and climate funds have been reached out to.
24.12 / 19:57
Digital Platform Entertainment Strategy Remark performer OML Entertainment focuses on new overseas markets to boost revenue growth
OML Entertainment is driving an aggressive revenue growth strategy as it enters new international markets, grows its artist management roster, and develops diverse content for top streaming platforms, Gunjan Arya, chief executive of the company told ET. The company had a top line of over ₹330 crore in FY23 and expects a significant jump in FY 24, Arya said. In FY23, the digital entertainment company recorded a strong double-digit growth in revenue mainly on the back of its strong performance internationally in the branded content segment and tours by its artists. Arya said the company's objective in FY24 has been to maintain profitability and competitiveness in its three key verticals — artist management, content production, and brand solutions. She said OML also sees big opportunities in untapped markets like Japan and China. «Our artist management has expanded its roster with diverse talents, the OTT content segment is poised for success with upcoming releases, and our branded content initiatives continue to make remarkable strides in both domestic and international markets,» Arya said. OML, which started as an artist management company, has over the years pivoted to content production in a big way, even as it strengthens its position in the artist management and branded content segments.
24.12 / 19:40
Blockchain Ethereum Provident Platform performer innovations Will This Cardano Rival Reach Higher Trading Volumes Than ADA?
The Cardano (ADA) blockchain has established itself as a prominent player in the cryptocurrency world, known for its fast transaction speeds, secure infrastructure, and commitment to sustainability. However, a new challenger has emerged from within the Ethereum ecosystem: Retik Finance (RETIK). This innovative DeFi platform boasts a comprehensive suite of financial solutions to enhance accessibility, security, and real-world utility for cryptocurrencies. But the question remains: can Retik Finance, the “Cardano Rival,” actually surpass ADA in terms of trading volume?
24.12 / 17:50
Platform Assurant awards exclusive The Day Before: See how to get refund for the troubled game
The Day Before debuted at the Game Awards 2023 but faced harsh criticism, leading to its removal from Steam shortly after. The development studio, Fntastic, announced imminent closure following the game's failure.
24.12 / 17:48
Platform economy performer track country innovations reports View: Leverage Big Data to improve logistic efficiency — it’ll cut costs, unclog chokepoints, boost productivity
Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a country's economy. Efficient trade: Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs. Free up resources: Minimising unnecessary logistics expenses can liberate resources for other productive purposes, fostering innovation, investment and growth. Green impact: Efficient logistics entail less waste and a smaller ecological footprint. Jobs, jobs: By attracting more businesses through efficient systems, new employment opportunities emerge. This is why efforts have been made to cut logistics costs through:
24.12 / 17:48
Aware Platform Mobile Thyssenkrupp country reports travelers Spain eyes high-level India visit to focus on defence ties, migration deals
NEW DELHI : Spain is pushing for a high level visit from its Prime Minister to India in 2024 according to people aware of the matter. The focus of both countries will be on deepening defence ties and inking migration and mobility agreements. The move comes after Spain’s Prime Minister Pedro Sanchez missed the G20 Leaders Summit in Delhi in September due to a positive covid diagnosis.
24.12 / 17:44
Citi Target Platform economy Enterprise track prevention 2024 Economy likely to see good vibes in 2024
Piramal Enterprises Ltd, said growth is being largely powered by public capital expenditure, which empirically has a very high multiplier effect on the rest of the economy. “However, some of the other engines of the economy need to pick up to ensure sustainability of this high growth. As far as September quarter data is concerned, private consumption, agriculture and services sectors seem to be slipping into a slow track.
24.12 / 17:42
Platform Strategy Dreams Netflix Death Actor audience Streaming platforms have tough choices in a world of fresh opportunities
Even as the profitable linear TV and its appointment viewing business dies a slow death, streaming and binge viewing, while being a dream scenario for consumers, isn’t a profitable business for media companies yet. Netflix and its 265 million premium subscribers globally exist in an ad-free world; at 4 users per subscription, this is over a billion premium consumers who aren’t easily reached by traditional advertising. The streaming service had a head-start built on content from traditional studios and TV networks.
24.12 / 17:11
Provident Digital Platform film 2020 Pornhub owner agrees to pay $1.8M and independent monitor to resolve sex trafficking-related charge
The owner of Pornhub, one of the world’s largest adult content websites, has admitted to profiting from sex trafficking and agreed to make payments to women whose videos were posted without their consent

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