Platform Financial News

₹400 crore and a green-shoe option for a similar amount. “Performing credit" means lending to companies that are running their business on an ongoing basis, have a long track-record and are profitable at the Ebitda level. For the first close milestone, the asset manager has raised about ₹100 crore in commitments from a mix of domestic and offshore investors including high- and ultra-high-net-worth individuals, and family offices.

Qualcomm is eyeing the Apple’s M-series chips this time. The company is developing a new line of Arm-based chips for PCs, dubbed as Snapdragon X, that could pose strong competition for Apple’s M-series processors. It is expected to come in 2024 and will be based on Nuvia’s CPU cores, which were designed by former Apple engineers.

The commercial real estate asset class in India has become one of the favoured investment avenues for global institutional investors, often referred to as the “Blue Eyed Boy” of private equity funds. Commercial real estate is one of the asset classes that is closely correlated to the underlying country macro-conditions – considering the Indian Growth Story, the returns have been commensurate presenting a compelling risk-adjusted investment proposition. Through innovation and technology, this asset class has largely been democratised, providing retail investors with unprecedented access.

SKF India, the country’s leading bearings manufacturer has launched ‘Open Innovation’ initiative to accelerate innovation and create more sustainable and customer-oriented solutions under the intelligent and clean strategy.

TOI. Moreover, the indigenously constructed platform screen corridor will be virtually launched.

Bloomberg Billionaires Index on Wednesday showed that brothers Alex and Christian Birkenstock are now worth $3.4 billion. The German footwear brand's shares slumped around 12% in the worst opening for a New York listing of $1 billion or more in over two years, according to Bloomberg reports. Giving private equity firm L Catterton majority control of the storied shoemaker in 2021 is a significant reward for the German cobbler heirs' wager.

Noida: Misinformation is a «dangerous phenomenon» which has been exploited by other countries and the enemies of India to create social division and unrest, Union minister Rajeev Chandrasekhar said here Thursday when asked about the government's action on news portal NewsClick. He said Internet platforms need to be «extra» careful and ensure that citizens who consume information from online sources are not misled, provoked or incited by people deliberately propagating misinformation against India and Indians.

Manipur government in an order said such dissemination will be dealt with severely and booked as per law. The order, which was issued on Wednesday night, came even as videos and images of widespread violence went viral on social media platforms. One such video shows two Meitei youths being shot at point blank and then being buried in a pit by a group of people speaking Kuki language.

OPPO India will unveil its newest foldable, the Find N3 Flip, on October 12 in the country. The handset boasts a flagship-grade processor designed for performance without compromise and backed by technologies that deliver all-day battery life with industry-leading power efficiency and charging speeds that raise the bar in the segment." The event is scheduled to commence at 7 pm today and will be broadcast live on Oppo's official website and various social media platforms. According to leakster Abhishek Yadav, the Oppo Find N3's price was disclosed prior to the launch.

KUALA LUMPUR (Reuters) — Short video app TikTok's compliance with Malaysian laws is unsatisfactory, the country's communications minister Fahmi Fadzil said on Thursday.

tech companies must remove illegal content from their platforms, or risk facing severe legal penalties. Following the militant Islamist group Hamas' attack on Israel and Israel's retaliatory airstrikes in Palestinian enclave Gaza, social media firms have seen a surge in misinformation related to the conflict, including doctored images and mislabelled videos, alongside images of graphic violence.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says “we were negative on IT for the last 18 months. We have not owned a single IT share. But it is now coming on our screen. We typically look at stocks which are non-consensus. We are still not buying IT but if we get a major price cut on some bad news, then we will probably start nibbling into it. It would be probably too late to sell and maybe too early to buy but you want to buy this on some bad news.” We were seeing a bit of consolidation in the last couple of days but there is a bit of a spike as well and a lot of global headlines. How are you approaching the markets right now? Putting money to work or keeping the powder dry? For us, for the last few months we have been saying that the market is going to be in a consolidation phase. We probably had a price correction and more particularly will see a time correction. The largecaps have been like that. In the last three months, the largecaps have done nothing. They are more or less flattish, slightly down and it is the small and midcap space which have done well so far. But a consolidation is due in that space. We have some cash in the portfolio and we are keeping the powder dry in case there is a correction, but otherwise we are 85% invested.

Bharatiya Janata Party leader Mukesh Goyal broke down after being denied a ticket from the Kotputli constituency for the upcoming assembly elections in Rajasthan. Goyal had previously contested in the 2018 Rajasthan assembly elections but was defeated by Congress' Rajendra Singh Yadav by a margin of more than 13,000 votes.

video content consumption patterns of American teenagers, highlighting YouTube's domination over Netflix in grasping the young viewership. Teenagers in the U.S., as per the survey, allotted 29.1% of their daily video consumption time to YouTube, surpassing Netflix which stood at 28.7%.

Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.

The Stellar Development Foundation (SDF) has announced its initiation of security checks for Soroban, the advanced smart contract platform within the Stellar network. This is in anticipation of Soroban's launch.

Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round. 

The Washington Post plans to cut 240 jobs through the offering of voluntary buyouts in the coming weeks

New York is bidding to put new controls on social media platforms that state leaders say will protect the mental health of younger users

While Twitter has always struggled with combating misinformation about major news events, it was still the go-to place to find out what’s happening in the world

In this article