Platform Financial News

₹140 crore it raised last December – at a valuation of $340 million – is also untouched. It may go for its next round of funding in about 8-10 months. “We have been building our business frugally," said Lakhotia, a former vice president of Paytm Payments.

TCS) retained its top position as India's most valuable brand for the second consecutive year with a brand value of $43 billion, capitalising on the global demand for digital transformation, despite a tough year for the business technology segment in general. In the BrandZ study, conducted by WPP and Kantar, HDFC, Infosys and Airtel ranked second, third and fourth, retaining their positions from last year, while State Bank of India rose one place to enter the top five.

Chinese-owned app TikTok says it regrets the Indonesian government’s decision to ban e-commerce transactions on social media platforms and particularly the impact it would have on the millions of sellers who use TikTok Shop

ExxonMobil has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years

PTI said citing sources. According to the Crew Voice & Video Recording System (CVVRS), after the train arrived at the platform, a staffer named Sachin entered the DTC cab (engine) while watching his mobile phone, said the report citing sources. While carelessly putting his bag on the throttle of the engine, he again got busy on his mobile.

Auto retail is finally shifting from a seller’s market to a buyer’s market: Dealers’ car lots are looking fuller, while high interest rates are making consumers choosier. That spells opportunity for online marketplaces such as Cars.com, CarGurus and TrueCar that stand to do well when manufacturers and dealers become more desperate. CarGurus and Cars.com are among the largest online platforms that consumers use to shop for cars.

The Bitcoin Cash price has continued rising strongly today after beginning a surge yesterday, with its move to $235.39 representing a 1.5% gain in 24 hours and 12% rise in a week.

The central bank of Brazil has vowed to tighten rules and strengthen its oversight of crypto platforms, as crypto adoption in the country surges higher.

The price of Compound (COMP) has rallied strongly this morning, with the altcoin's ascent to $43.51 representing a 7.5% gain in the past 24 hours. 

Zerodha values itself at around Rs 30,000 crore, or approximately $3.6 billion. While the Bengaluru-headquartered company has never raised private capital, it makes public its valuation estimates for its employee stock options buyback programmes. On September 26, Zerodha announced an overall revenue of Rs 6,875 crore for fiscal 2023, and a profit after tax of Rs 2,900 crore. Taking to LinkedIn, Nithin Kamath, chief executive officer of Zerodha, said he values the company at 10 to 15 times of its PAT.

Amazon has won court backing for now in its fight against EU tech rules that label it as a very large online platform (VLOP) required to provide researchers and authorities access to its ad repositories to see how ads are targeted. The U.S. online retailer took its grievance to Europe's second highest court, the Luxembourg-based General Court, in July after EU antitrust regulators in April designated it as a VLOP along with 18 other platforms and search engines.

By Gwladys Fouche

SHANGHAI (Reuters) — Nio (NYSE:NIO) has held exploratory talks with Mercedes-Benz (OTC:MBGAF) for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.

Terra (LUNA) is in the midst of a comeback, after disgraced project founder Do Kwon filed court documents on Wednesday that suggested his legal team will fight any attempts at extradition to the United States.

The XRP price has risen by 0.5% in the past hour, with its jump to $0.502420 coming as the altcoin's 24-hour trading volume almost doubles that of its nearest rival in terms of market cap, BNB.

A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million.

WASHINGTON (Reuters) -The U.S. Federal Trade Commission filed a lawsuit against Amazon.com (NASDAQ:AMZN) that accused the online retail giant of overcharging customers and independent sellers on its platforms as the $1 trillion company sought to illegally maintain monopoly power.

Investing.com -- U.S. stock futures oscillated around the flatline, as the main indices on Wall Street are on track to post their worst month of 2023. Meanwhile, Micron Technology (NASDAQ:MU) shares fall steeply in premarket trading after the U.S. chipmaker announced a wider-than-expected first-quarter loss forecast, and Facebook-owner Meta Platforms (NASDAQ:META) unveils a host of new artificial intelligence-powered products.

₹5,963 crore. “We are proud to partner with, as well as the BCCI again.

Investing.com -- U.S. stock futures hint at a lower open, as the main indices on Wall Street are on track to post their worst month of 2023. Meanwhile, Micron Technology (NASDAQ:MU) shares fall steeply in premarket trading after the U.S. chipmaker announced a wider-than-expected first-quarter loss forecast, and Facebook-owner Meta Platforms (NASDAQ:META) unveils a host of new artificial intelligence-powered products.

Indian ocean, a top Naval officer asserted that no country's warships or vessels can sail through the region without being noticed by the Indian Navy. «There is no way any country's warships or vessels can pass through the Indian Ocean without getting detected by the Indian Navy's P-8I anti-submarine and surveillance planes,» said a top Navy Officer. While supervising the operations of the «game changer» P-8I aircraft at Nacala Air Station INS Rajali ( Arakkonam Naval Air Station), Captain Ajayendra Kant Singh told ANI, «There is no possibility that any ship or a submarine would pass through the Indian Ocean region without 312 squadrons not knowing about it.» The Commanding Officer of INS 312 squadron, also known as Albatross, said that at any point in time, there is atleast one P-8I aircraft airborne to carry out surveillance of the Indian Ocean and the Bay of Bengal to keep an eye on all activities happening there. P-8I is known as the game changer aircraft for the Indian Navy as it has played a key role in carrying out surveillance in multiple areas of Indian interest from the high altitude areas in the Ladakh sector, revealing the level of Chinese build-up along the Sikkim-Bhutan sector during the Doklam crisis and frequent surveillance of the foreign warships and research vessels all along the Indian Ocean Region. The aircraft is also known as the Guardian of the Indian Ocean Region as it has flown more than 44,000 hours in the last 10 years to carry out surveillance over the Indo-Pacific region.