Platform Financial News

A partial U.S. government shutdown seems to be looming and global economic ructions are being heard again, but gold isn’t catching the usual safe-haven bid because ‘King Dollar’ isn’t allowing it.

Haflong in Assam's Dima Hasao district, an Army officer and his wife have been arrested for the brutal assault of their domestic help. As per a TOI report, the 16-year-old girl, who had been employed at the residence of the Army officer for the past two years, endured physical abuse for approximately one year. Dima Hasao SP Mayank Kumar revealed the horrifying details of the girl's condition, stating, «Injury marks are spotted from head to toe.

Rana Gupta, MD, Manulife Investment Management, says over the last 10 years, a lot of reforms have happened basically by pivoting the economy from a higher deficit to a much higher savings economy, from more consumption incentives to more investment incentives. Even domestically, for the companies that were linked to those themes – a higher or average PE is all right. But if a company or sector is not linked to those tailwinds and is still trading at higher PE in this high interest rate environment, then a fair amount of caution will come in.” Interest rates are largely a function of how markets are valued and these have gone up quite significantly. So while we are very close to our 10-year averages when it comes to Indian market valuations, with the adjusted interest rate where the US 10-year bond yield is at 4.5% odd now,, how do you look at valuations? Should one look and adjust for those or are you believing that the larger valuation picture is looking decent? Interest rates are set by demand and supply of money and, of course, the central banks can influence and also set those interest rates. But broadly the question is whether with the global interest rates going up and Indian stock market trading above 10 years of the average valuation, we should reset the valuation benchmark in the light of higher global interest rates?

PoddL, a business management startup, has launched a platform for freelancers and creators in India to enable global work discovery and effortless cross-border payments. The mobile first chat-based platform has built-in tools for finding work across the globe, communicating, handling workflows and a simpler way to accept international payments.

The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has said that surface parkings will be free during the Prophet Muhammad’s Birthday Holiday, which will be on Friday, September 29, 2023, until 7:59 AM on Saturday, September 30, 2023. In addition, parking spaces at the Musaffah M-18 truck parking lot will also be free of charge during the official holiday. According to the this year's official holiday calendar, the the September 29 to October 1 would be the last long weekend in the UAE. The Abu Dhabi authority has urged drivers to avoid parking in prohibited areas. It also urged drivers to park properly in the designated areas and to avoid parking in residential parking spaces from 9:00 PM until 8:00 AM. The Integrated Transport Centre of Abu Dhabi has also announced timings of timings and operation of its Customer Centres. The authorities said that Customers' Happiness Centres across the Emirate of Abu Dhabi will be closed during the holiday, on Friday, September 29, 2023. Customers however can use ITC’s services on its digital platforms through its website www.itc.gov.ae, TAMM platform, the Darb and Darbi smart apps. In addition, customers may contact the unified Service Support Centre of the Department of Municipalities and Transport on its toll-free number 800850 and TransAD 600535353, which are available 24/7. Abu Dhabi's transport authorities said that public bus services in the Emirate of Abu Dhabi will operate based on the usual unified schedule throughout weekends and official holidays.

As on-chain activity continues to fuel the bulk of ongoing crypto market volatility, SPX6900 token (SPX) has shot up +20%, surging to hit hot #8 on DEX tools, amid a broader intra-day squeeze in the SPX index.

TG Casino ($TGC) is a new crypto casino offering a convenient and anonymous gambling experience directly from the Telegram social media application. Telegram has over one billion users, and the crypto casino industry is booming. These factors point to significant potential for the project.

The price of Shiba Inu (SHIB) has declined by a slight 0.4% today, with its dip to $0.00000722 coming as the wider cryptocurrency market barely moves overall.

The Dogecoin price has jumped by 0.5% in the past hour, with the meme token rising to $0.060839, where it marks a 0% gain in the past 24 hours.

Wealth Redefine, a wealth management and financial advisory firm, is extending its presence to offices in Mumbai, Bangalore and the Middle East by 2025. It is also toying with potential expansion into Kolkata.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! There was controversy surrounding the film's OTT release date which was initially set for May 19, which was subsequently delayed indefinitely. The film would undergo re-editing, with some deleted scenes being added as per reports.

Tata Play has ventured out of India with a white label solution for global OTT aggregators, starting with a project collaboration with Philippines’ leading Pay-Tv provider Cignal TV. India’s leading content distribution platform today launched the Tata Play Binge PaaS for OTT aggregators across the globe, enabling Tata Play to provide end-to-end development and deployment opportunities. «Apart from providing the software architecture, our partner companies will also benefit from Tata Play’s learnings over the years in areas of forging commercial partnerships, recommendation engine, subscription management, analytics, and much more. With the launch of this enterprise solution, we have now created a unique OTT content aggregation and distribution ecosystem,” said Harit Nagpal, Managing Director & CEO of Tata Play. Coming from the house of conglomerate Tata group, Tata Play Binge is an OTT aggregation service that brings content from more than 26 apps in one app. The promoter company now focuses on tying up with various OTT partners and acquiring subscribers in the overseas market.

quarterly profit rise. H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10% year-on-year measured in local currencies. Operating profit in the June-August period, the Swedish group's third quarter, was 4.74 billion crowns ($430.7 million) against a year-earlier 902 million. Analysts polled by LSEG had on average forecast a 4.72 billion crown profit. The year-ago figure includes a one-off cost of 2.1 billion crowns for the group's exit from Russia. «The cost and efficiency programme is proceeding at full speed and will continue to have an effect in the coming quarters,» H&M said.

FMCG) sector, reported TOI. According to data from the retail intelligence platform Bizom, smaller product sizes have experienced a more rapid growth rate compared to medium or high-priced alternatives across most FMCG categories. The data revealed that overall sales decreased by approximately 11% in August 2023 compared to the previous year. The rain deficit in August appears to be fuelling the downtrading phenomenon, said Akshay D’Souza, Bizom’s chief of growth and insights. Procter & Gamble Hygiene and Health Care’s VP (finance) Gautam Kamath said, “Retail inflation for the months of July and August have averaged 7% and August rainfall has shown an 11% negative deviation from norm, driving the caution.

A South Korean court has jailed a former senior executive of the crypto trading platform Coinone for taking bribes in exchange for listing altcoins.

violence-hit Manipur. In an interview with NDTV, his parents said we will stop serving food at his table now. Photos of two students, previously reported missing since July 2023, emerged on social media platforms.

Kangamoon (KANG) has risen as a promising crypto project. Kangamoon is a new project that could outperform popular meme coins like Dogecoin and Pepe. Its main goal is to build a strong community of meme coin fans while allowing users to earn rewards for spending time in its virtual world, theKangaverse.

Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in federal court in Amazon's home state of Washington, is the result of a years-long investigation into the company's businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.

OpenAI is reportedly in talks to sell existing shares in a deal that could catapult its valuation to a staggering $80 to $90 billion, according to unnamed sources cited by both Reuters and the Wall Street Journal. This massive valuation increase comes amidst an AI investment boom, positioning OpenAI as one of the world's most valuable privately-held companies. The surge in valuation would be nearly triple compared to what the firm was worth after a share sale earlier in 2023, according to the Wall Street Journal.

Catch all the LIVE updates on Manipur news here, External Affairs Minister S Jaishankar has said efforts are on in Manipur by the state and the central governments to find a way by which a sense of normalcy returns and there is adequate law-and-order enforcement."...I think one part of the problem in Manipur has been the destabilising impact of migrants who have come," he said Tuesday at the Council on Foreign Relations in response to a question on the situation in the northeastern state in India.Hours after photos of the bodies of two students, who had been missing since July, went viral on social media, the Manipur government has asked people to exercise restraint and allow authorities to investigate the "kidnapping and killing" of the duo.In a statement issued by the secretariat of Chief Minister N Biren Singh late on Monday night, the state government said the case has already been handed over to the Central Bureau of Investigation (CBI).Photos of two students, previously reported missing since July 2023, emerged on social media platforms.

Rigi, a pioneer in empowering online creators to monetise their content, is thrilled to announce the launch of GapUp, a curated discovery platform designed for users to access and learn from influencers and online content creators across a multitude of domains. This groundbreaking platform is poised to address the pressing demand for authentic and trustworthy information in the rapidly expanding digital landscape. GapUp promises to be the nexus of expertise, bringing together financial experts, fashion mavens, tech innovators, business coaches, fitness experts, travel gurus, and more. With features that enable influencers to initiate courses, live interactions, and foster vibrant communities, GapUp ensures an immersive learning experience for its users. As the global shift towards the digital age accelerates, consumers are inundated with a plethora of information.