Platform Financial News

₹2 lakh for sharing inappropriate posts about Bharat Pe, despite giving assurance to the court that he wouldn't do so., Hindustan Times reported. HT noted that the court, however, dismissed Bharat Pe's plea to prohibit Ashneer Grover from posting defamatory content.

Raymond Limited, the world’s largest integrated fabric manufacturer and India’s largest producer of worsted fabric, are paying a heavy price as they watch this drama unfold. Ever since Gautam Hari Singhania, the chairman and managing director of Raymond, took to social media platform X to announced that he was in the process of divorcing his wife of 24 years, Nawaz Modi Singhania, who’s also a promoter-director on the Raymond board, the company’s stock has been in freefall. Over Rs1,700 crore of shareholder wealth has already been wiped out after Singhania’s family troubles became public.

Taipei-based cryptocurrency trading and investment firm Kronos Research has initiated negotiations with the hacker responsible for the recent theft of $25 million from the company’s treasury. 

In an electrifying development, CAGA Crypto, a pioneer in decentralized governance and blockchain innovation, celebrates its remarkable listing on top-tier centralized exchanges (CEX), including BITMART(30th November 2023) and GATE.IO (29th November 2023). This significant leap is not just about growth; it’s a vibrant celebration of CAGA Crypto’s expanding reach and influence in the fast-paced world of cryptocurrencies.

Elon Musk that the tech mogul has "a huge role to play" in combating anti-Semitism, which his social media platform is accused of spreading, according to AFP reports. The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas militants on October 7, and met with Prime Minister Benjamin Netanyahu and defense officials. Musk has been criticized over what critics say is a proliferation of hate speech on X, formerly Twitter, since his takeover of the social media site in October 2022.

SM REITs, with an asset value of at least ₹50 crore vis-a-vis minimum asset value of ₹500 crore for existing REITs.The decision was approved at the meeting of the board of the Securities and Exchange Board of India (Sebi) in Mumbai. Industry experts welcomed the Sebi decision to regulate fractional ownership real estate market.

Sanjiv Bhasin, Director, IIFL Securities, says “Paytm promoters are the maximum holders and even their shareholding is almost below 10%. So, there are no very big old shareholders. This is only a matter of opportunity to buy this stock. The fintechs, particularly PB Fintech, Paytm, Zomato are headed much higher over a period of time.” What do you make of the Berkshire Hathaway exit for Paytm? Is it going to materially impact the stock, according to you? So, one, it is a buying opportunity. I mean, Berkshire has not exited because it is in profit, it is because of the mistiming of the event before the pre-IPO placement and so on. Paytm is a unique case of fintech and the digital app going extremely positive. Positive news on their NBFC front is also where they are doing kirana lending.

Air India completes two years under the Tata group’s ownership, its CEO Campbell Wilson has found that his job is mostly a balance between fighting the airline’s existing legacy issues and exploiting its tremendous future potential. In a recent interview, Wilson spoke to ET about the progress Air India is making in its long, arduous journey to regaining its long-lost status as a globally relevant airline. Edited excerpts: Q1) Let’s start with Air India’s transformation project. The first phase was taxi, which was focussed on legacy issues. The airline is six months into the next phase which is called takeoff, which is focused on developing the platforms, processes and systems needed to build a product of exellence. Where is Air India at right now and how do the next 100 days look like? Ans: We have a five-year roadmap called Vihaan, which has three phases.

Prime Minister Narendra Modi has taken us to a path where we always wanted to be." “I want to tell you one thing. The mahapurush of the last century was Mahatma Gandhi.

central bank digital currencies (CBDC), sources close to the development told ET. An internal Reserve Bank of India (RBI) working group has been exploring the best technology path to develop a roadmap for such direct transactions between two countries. CBDC, or the equivalent of paper money in a digital form, has the potential to be a game-changer, particularly in facilitating cross-border settlements that currently require the Swift platform for routing funds through banks.

Tokyo Revengers Season 3 Episode 9 is just around the corner, and set to be released on Wednesday, November 29, 2023, at midnight in Japan. In the US, Tokyo Revengers Season 3 Episode 9 will release on 2 pm (ET) on November 28. Viewers in US can catch the episode on streaming platforms such as Hulu and Disney Plus. While the seventh episode drew attention with the intense battle between Tenjiku and Toman, the narrative focus shifted in the eighth episode. The spotlight was on Koko and Inupi, delving into Koko's motivations for pursuing wealth through illicit means. The latest episode of Tokyo Revengers Season 3 explored the reasons behind Koko's fixation on making money and her involvement in a life of crime. Additionally, the concluding moments of the eighth episode showcased the Haitani Brothers taunting Angry. The eighth episode commenced with the confrontation between Inupi and Koko, unveiling the revelation that Akane is Seishu's older sister. As the series unfolds, fans anticipate further developments and revelations in the upcoming episode.

Locked crypto assets valued at $750 million are set for release by December 2023, according to data gathered from the Token Unlocks platform.

As Shiba Inu (SHIB), a cryptocurrency initially categorized as a ‘meme coin’, continues to gain traction in the digital currency space, it’s drawing significant market attention. Trading at $0.000008, SHIB has notched an impressive 24-hour trading volume exceeding $208 million.

A trio of advisors managing $150 million in assets at Ameriprise made the move to LPL Financial and will use its broker-dealer, RIA and custodial platforms, the firm announced Monday.

Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed.

Following his appointment as the new CEO of the world’s largest crypto asset exchange on November 22, Richard Teng has outlined his vision for the platform going forward.

Google has issued a warning to users with dormant accounts — sign in by the end of the week or face potential deletion. The tech giant's updated policy, announced earlier this year, targets accounts inactive for over two years, citing security vulnerabilities tied to outdated passwords and lacking security measures. Accounts categorized as «inactive» are susceptible to being erased starting Friday.

By Dan Williams and Howard Goller

In the midst of an ongoing controversy surrounding cryptocurrency media platform Bankless and its associated decentralized autonomous organization (DAO), the company’s founders have announced their intention to separate the brand from the DAO.

NEW DELHI : Airing of prime cricket property—the World Cup, preceded by the Asia Cup—has resulted in a dent in viewership and advertising for non-sports channels on television as well as streaming platforms. And the dent is sizeable. “Cricketing data available for 10 weeks, excluding the last week of the World Cup, compared with the previous 10-week period of non-cricketing months, shows that the sports genre GRPs increased by almost 322%, all dominated by cricket," said Chandrashekhar Mantha, partner, media and entertainment sector leader, Deloitte India.

₹10 lakh on edtech platform Byju’s for publishing allegedly false and misleading advertisements for its online IAS (Indian Administrative Service) coaching offering. CCPA had taken suo moto cognisance of the issue in 2022 and sent a show-cause notice to Byju’s on 24 August that year. The authority’s order of 23 November says that Think & Learn Pvt.