Platform Financial News

Digital Services Act (DSA). The DSA came into force in November last year and requires very large online platforms and search engines to do more to tackle illegal content and risks to public security.

By Yuka Obayashi and Mariko Katsumura

Australian financial services firm Macquarie is looking to enter the credit space in India by launching a non-banking financial company (NBFC) as part of an electric vehicle (EV) platform it is planning to set up in the country. The NBFC will help commercial fleet operators avail credit and address a major gap in India’s EV ambitions, two people aware of the matter said. Macquarie will soon apply for a licence with the Reserve Bank of India (RBI), the two people said.

2023, as startups went ahead with major restructuring to conserve cash and prioritise verticals essential for continued operations, amid a persistent funding winter. Startups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusively with ET showed. These companies fired more than 20,000 in 2022 and 4,080 in 2021.

MUMBAI : Gamezop, the global provider of plug-and-play content solutions for apps and websites, is set to expand its offerings into three new domains—news, astrology and cricket—to help digital publishers monetize and boost user engagement. Part of Advergame Technologies, which also earlier launched the quiz service Quizop, the company is now launching three new products—Newszop, Astrozop, and Criczop—and has already licensed content from content developers. Newszop will be a plug-and-play solution that can be integrated into apps and websites as a news centre.

NEW DELHI : In a testament to India’s continuing passion for cinematic experiences, as many as 1,648,508 movie enthusiasts watched at least six movies and more in 2023, with an average frequency of at least one visit to the cinemas every two months, according to BookMyShow’s year-end wrap Best of 2023 – Entertainment On A Spree that curates data from 1 January to 5 December 2023. Titles such as Jawan, Pathaan, Gadar 2: The Katha Continues, Jailer, Animal (Hindi), Leo, The Kerala Story, Adipurush (Hindi), Ponniyan Selvan: Part 2 (Tamil), Tiger 3, Rocky Aur Rani Kii Prem Kahaani, and OMG 2 emerged as crowd favourites.

The Call for Code Global Challenge, now in its sixth year, was launched in February 2023 with a focus on developing AI-powered technology projects that address sustainability and climate change. This year’s challenge, organized by the Call for Code Creator David Clark Cause, Founding Partner IBM, Charitable Partner United Nations Human Rights, and Program Affiliate the Linux Foundation, marked a significant shift in format from a single annual competition to quarterly «Challenge Rounds» throughout the year​​.

Netflix is set to explore the expansion of its Peaky Blinders universe by developing two spin-off shows, marking a strategic move for the streaming service to further capitalize on its popular intellectual properties (IPs), according to reports. Presently, Netflix's standout shows, such as Stranger Things, Bridgerton, and The Witcher, largely exist as standalone entities. In contrast to Disney+, which heavily relies on franchises like the Marvel Cinematic Universe (MCU) and Star Wars, and HBO Max, which features DC properties, Netflix has historically maintained less dependence on major franchises.

Netflix and Max in the Warner Bros. Discovery streamer's markets. Netflix is set to debut Warrior in February 2024, presenting an opportunity for the series to gain new viewers. In an exclusive report from Deadline, sources suggest that if the show performs well on Netflix, the streaming giant might consider ordering a new season based on an original concept and treatment by Bruce Lee.

Grand Theft Auto (GTA) to its platform. The trilogy, comprising GTA 3, Vice City, and San Andreas, is now available for Netflix subscribers on mobile devices.

Einstein and the Bomb" is set to premiere on Netflix on February 19, 2024. The historical docu-drama, directed by Anthony Philipson and produced by BBC Studios, delves into the life of Albert Einstein and his role in the development of the atomic bomb.

A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking protocol, according to a recent court document.

(Reuters) -New York-listed e-commerce giant Coupang plans to buy Farfetch (NYSE:FTCH) Holdings in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement.

Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million.

Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions.

In the vast and competitive landscape of cryptocurrency, the visibility and reach of a token are pivotal. Welcome to the forefront of innovation – LMEOW Token, not just a meme coin sensation but a trailblazer in the realm of SEO dominance through AI-infused marketing strategies.

Arweave founder Sam Williams has taken to X to allege storage solution company Irys has plans to fork his decentralized information storage firm.

The company allocated 21 lakh equity shares at Rs 100 per share to anchor investors. PGIM India Fund, BOFA Securities and Negen Undiscovered Value Fund among others were the buyers. The IPO is completely a fresh issue of 1 crore shares.

IPL auction 2024: The mini-auction of the 2024 season of the Indian Premier League (IPL) is set to be conducted on Tuesday in Dubai at the Coca-Cola Arena. In total 333 players will go under the hammer and the teams will spend around ₹250 crore to fill the 77 available slots in their team. The IPL auction 2024 is expected to witness some intense bidding war and the performances of players in the ICC World Cup 2023 will surely be accounted for.

On December 13, the Dow Jones Industrial Average accomplished a remarkable feat by reaching a new all-time high, marking the first time since early January 2022.

About a third of these purchases, or worth about Rs 46,013 crore, were from the micro, small and medium enterprises this fiscal, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha. The government has raised the mandatory minimum purchases from MSMEs by various government departments and CPSEs to 25% from 20% earlier, the minister said. It then tightened the monitoring of the compliance of the rule in a bid to support these small players. The total purchases by CPSEs through the GeM platform had exceeded the Rs 1-lakh-crore mark for the first time in FY23. The government had launched the GeM portal in August 2016, as it wanted to enhance transparency in purchases of various goods and services by all ministries, departments and public-sector firms and state governments, in addition to providing a modern platform for official procurement.