Platform Financial News

PB Fintech, Zomato, CarTrade Tech, Nykaa, and Delhivery have all yielded positive returns thus far in the current year. Among these, Zomato managed to cross its IPO price and also delivered a multi-bagger return. Although commencing the year 2023 on a relatively negative note with a 16% loss in value, the Zomato stock demonstrated a substantial recovery in April, registering a noteworthy gain of 27.25%.

Meesho on Friday said it has onboarded more than 25,000 non-GST businesses in two months. With an eye on 15-20 million non-GST registered sellers, the SoftBank-backed platform opened up its platform to onboard such businesses on October 1. The GST Council in July exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services.

funding round, according to data from Tracxn. This compares to $175 million raised by 31 companies in the same week a year ago. Sequentially, however, the latest week saw a 20% drop in terms of volume and a 4.8X jump in value.

As reported in Reuters, this development permits X to facilitate money transfer in the same way that other payments systems such as PayPal’s Venmo can.

When Donald Trump sat down in the office of his Bedminster, N.J., golf club late this summer to flesh out his trade and border policy, familiar faces were across from him: Robert Lighthizer and Russell Vought, two of the architects of the former president’s populist first-term record. Trump’s former trade representative and White House budget director, respectively, are part of a cadre of allies helping him shape policy proposals across a range of topics, laying the groundwork for what would be an aggressive and controversial second-term agenda.

RBI holding rates, GDP growth coming better than expected in the September quarter as well as the improving global macros have also been aiding the sentiment. The Indian banks delivered healthy earnings during the second quarter of FY24, but the performance was marked by slowing momentum. The lenders reported net profit growth of 33 percent year-on-year (YoY) led by a reduction in credit costs.

Ghazal Alagh, co-founder of the beauty brand Mama Earth, has emerged as a notable figure expressing reservations about the concept. This conversation gained momentum after Union Minister for Women and Child Development, Smriti Irani, stated her belief that menstruation should not be considered a handicap. Alagh, a prominent entrepreneur, cautioned against the implementation of a paid leave policy for menstruation, suggesting that it might pose challenges for women in the workforce.

KFin Technologies declined over 9 percent in trade today (December 15) after shares worth ₹1,650 crore changed hands in a block deal. As per media reports, around 3.3 crore shares, representing 20 percent equity in the company, changed hands at a floor price of ₹500 apiece. The floor price is at a 6 percent discount to its yesterday's closing price of ₹532.25.

Fixed deposits (FDs) are one of the most popular investment options in India. They offer guaranteed returns, safety of capital and easy liquidity. However, not all FDs are the same. There are different types of FDs offered by different entities, such as banks, non-banking finance companies, post offices, and corporates.

Shiba Inu (SHIB) and Retik Finance (RETIK) both have unique qualities to the table, each with its own set of advantages and considerations. Let’s delve into the factors that might influence your decision on whether to buy Shiba Inu or Retik Finance before Christmas.

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Wheel of Name has emerged as a versatile and engaging tool for boosting participation, driving decision-making, and adding an element of fun to various activities. However, to truly harness its full potential, users must understand how to customize their BravoWheel to suit their specific needs and desired outcomes. This article explores the origins of the spin the wheel concept and the unique capabilities of the BravoWheel platform.

This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things. This is the third of the 10-part series, offering a look into how the job market is shaping up in the immediate future. It is no secret that the idea of going to college for most people is to find a job. But that is a vague goal. Your aim becomes sharper only when you narrow the search by using parameters such as skill sets, requirements, remuneration and growth prospects, among others. The first step is to look at which sector suits you the most. Let us start with technology as it has over the past few decades fuelled the dreams of millions of youngsters. This year, though, the talent demand in the sector has been muted when compared with previous years.

IPOs hitting Dalal Street in the last few days of December, star investor Ashish Kacholia and broking firm Zerodha have quietly invested in an NPO which got listed on the Social Stock Exchange this week. NPO stands for not-for-profit organisation and investors can't expect anything in return for buying zero coupon zero principal (ZCZP) instruments. Unlike investments in IPOs, FPOs and NFOs, you don't get any interest, capital appreciation, dividend or even your capital back. The instrument, however, does get credited to demat accounts of investors but its value will become zero after the project for which the fundraiser was done gets completed. On Wednesday, Bengaluru-based NPO SGBS Unnati Foundation, which runs vocational training programs for unemployed, raised Rs 1.8 crore from two HNIs and another two institutional investors. Smallcap czar Kacholia, known for his multibagger picks, invested Rs 30 lakh while Zerodha generously invested Rs 1 crore.

Meta and China's TikTok restricted a record number of social media posts and accounts in Malaysia in the first six months of 2023, data published by the firms showed, amid a jump in government requests to remove content. Malaysia Prime Minister Anwar Ibrahim's administration, which came to power in November 2022 on a reformist platform, has faced accusations of backpedaling on its promises to protect freedom of speech amid increased scrutiny of online content in recent months.

Elon Musk must testify again for the U.S. Securities and Exchange Commission's probe of his $44 billion Twitter takeover, handing the SEC a victory in its latest skirmish with the world's richest person. During a hearing in San Francisco, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would «second guess» an SEC probe.

Elon Musk's social media platform X, formerly known as Twitter, took a step closer to offering payment features after receiving a money-transmitter license from a 13th U.S. state this week. The approval by Pennsylvania, which occurred on Monday according to a public licensing database, has not been previously reported. It grants X the ability to facilitate money transfers and paves the way for the company to allow users to send money to one another, similar to PayPal's Venmo.

Sahil Khan and three others. They have been instructed to appear before the SIT on Friday for questioning. Earlier, Dubai Police on Tuesday arrested Ravi Uppal, one of the two prime accused in the Mahadev Book online betting syndicate.

Thursday, December 14th, 2023 –  Over the past four weeks $BONK meme coin has pumped 667%, but it is Meme Kombat token ($MK) that could be the meme coin to rule them all with its battling meme characters platform that’s raised $3 million.

PVR Inox and Cinepolis that have lately refused to screen the Hindi versions of some South Indian films in north India amid a row over OTT window have found themselves at the losing end. Tamil-language titles like Leo and Jailer not only secured lucrative streaming deals but also found resonance with small-town viewers who flocked to single screens and non-national theatre chains to watch them.

Ashok Leyland’s ieV series of electric trucks in the sub-3 tonne segment. The market for small and light electric commercial vehicles, though at a nascent stage, is rapidly expanding as large fleet operators are seeking emissions-friendly technologies for last-mile deliveries. This shift is driven by mandates to phase out polluting commercial vehicles, evolving emissions-related regulations, and as the fleet operators pursue improved cost efficiencies.