Platform Financial News

Rohan Verma, CEO & MD, MapmyIndia, says “the Mappls app is totally free. We of course have a healthy B2B and B2B2C business to automotive OEMs, corporates, government, tech players, etc. Overall, the company’s in a strong financial position and we are able to offer a free solution that gives to consumers what they want and it complements our paid solutions business.”I have been speaking to some common friends who are big investors in your company. They are of the view that MapMyIndia is at a multi-year cusp of exponential growth. What has changed in the last six months that markets are deriving this kind of confidence?Probably we are a new type of company; we are a deep tech product and platforms digital map-based company and it probably took a little bit of time for both the markets to understand as well as for us to explain what are the different use cases and growth vectors for the company.

Delhi Model Virtual School (DMVS) is redefining the virtual learning experience by not only conducting online classes but also offering students a taste of the traditional school environment. This innovative approach includes morning assemblies organized and led by students, guest lectures emphasizing life skills and humanitarian values, and a diverse range of interactive sessions. Students like Aditi Gupta, a Class X student who joined DMVS in its inaugural batch, praise these assemblies as an improvement over her previous school experiences.

Australia's High Commissioner to India Philip Green on Monday said people are the living bridge between the two countries and that India is the first country to return to and beat pre-pandemic levels of travel to Australia. He said direct flights between the two countries have nearly tripled. «People are the living bridge between Australia and India. Australian PM @AlboMP was one of 100,000 Australians to visit India this past year, double the number before COVID-19.

In a vibrant start to the week, Bitcoin is registering a modest increase of nearly 0.50%, trading at $26,647. This uptick coincides with notable developments in the crypto landscape. 

Small Industries Development Bank of India (SIDBI) has announced 100% funding for green and clean projects of MSMEs, marking a significant step towards green financing. SIDBI is the country's primary financial institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector. “We invite MSMEs to avail of SIDBI’s financial schemes for installing solar energy and adopting energy efficient machineries and business processes. SIDBI extends 100% loans at interest rate as low as 7%-8% depending on the credit rating of MSMEs for installing rooftop and ground mounted solar rooftop power projects.

World Trade Organization in Geneva early this week was unambiguous: A global economy split into rival trading factions would reduce real incomes 5% — maybe double that amount in poor countries. The next day, the European Union launched what some of the 27-nation bloc’s most well-known industries — ranging from Airbus SE to cosmetic producers and wine makers — worry could land them on the punishing end of a trade war with China. Since the European Commission’s announcement Wednesday of a new anti-subsidy inquiry into Chinese electric vehicles, which might lead to duties on Made-in-China EV imports, European businesses are scrambling to assess their exposure to a potential tariff barrage between two of the world’s largest economies. That’s because President Xi Jinping’s government has shown a determination to respond to punitive trade measures — like former US President Donald Trump’s tariffs — with its own reciprocal restrictions. The most powerful tool Beijing can wield is restricting access to its huge domestic market. French Finance Minister Bruno Le Maire, speaking to Bloomberg Television on Friday, signaled that perhaps a new era has arrived, one where “the EU starts thinking about its own interest.”‘Powerful Signal’ With the Chinese subsidy investigation, Brussels “wanted to send a powerful signal,” former EU Trade Commissioner Cecilia Malmstrom told Bloomberg News in an interview.

Even though the mutual fund industry in India has been competitive, the growth has remained largely steady, thanks to the strong inflows, particularly in the last three years. With newer players such as Zerodha, Groww making their entry into the $560 billion mutual fund industry, and Jio Financial Services looking to soon enter, the competition is likely to get hot. However,Seemant Shukla ofJM Financial Mutual Fund believes that India is quite an underpenetrated market globally, leaving enough opportunities for both existing as well as new players. “The anticipated growth in India can easily accommodate both existing and new players with varying strategies, be it passive or active investments,” Shukla, who is the chief business officer at the asset management company, told ETMarkets in an interview. Shukla believes that digitalisation and digital channels can contribute in a big way to expand the reach. “Considering that the US has multiple asset management companies for a population of 35 crore, it’s clear that we have a long journey ahead of us,” he said. Edited excerpts:Institutional interest in IPO issues has increased significantly in recent times. What’s driving this frenzy? After experiencing significant growth in 2017-18, the IPO market reached its peak in 2021-22, and since then, continued to maintain strong traction.

By Scott Murdoch

Firetrail’s Oscar Hutchinson will be striding around the investment manager’s Sydney offices with an extra spring in his step.

External Affairs Minister S Jaishankar on Sunday expressed his happiness over the conferment of UNESCO's World Heritage status on Santiniketan, the abode of Rabindranath Tagore in the Burbhum district of West Bengal. Santiniketan was inscribed in the UNESCO World Heritage list during the 45th Session of the World Heritage Committee in Saudi Arabia on Sunday, the UN agency informed through a post on the social media platform 'X'. Responding to the post by Vishal V Sharma, India's ambassador and permanent representative to UNESCO, on X, Jaishankar wrote, «Congratulations. A fitting tribute to our first Nobel laureate Rabindranath Tagore and all those who have kept his message alive.» Earlier, taking to his social media 'X', Vishal V Sharma said it is a great day for Indians as Santiniketan had been inscribed on UNESCO'S World Heritage List. «Santiniketan inscribed on UNESCO's World Heritage List (Agenda 45COM.8B.10).

gig took on a whole new meaning for white collar jobs. Before the pandemic, the gig economy had started to come into its own primarily for blue collar jobs in app-based or online platforms, such as Zomato, Swiggy, Ola and e-commerce retailers.

Putting women’s sports on a government list designed to keep key games freely accessible for Australians would be a mistake, entrenching a “grass ceiling” on the players and sporting codes, Foxtel says.

Carbon markets are going to be a key tool as Australia, and the world, race towards interim net-zero targets. NAB chief climate officer, Jacqueline Fox, says as a major business bank, with a large market share in agribusiness, NAB has strong insights into both the supply and demand sides of the carbon market in Australia.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

God of War: Ragnarok" on the PlayStation consoles in November 2022 was met with immense acclaim and anticipation from fans. As with its predecessor, the 2018 "God of War," fans began to wonder if this epic Norse adventure would eventually make its way to PC. While there has been no official confirmation yet, several factors suggest that a PC release is indeed on the horizon. In this article, we'll explore the evidence and discuss when we might expect «God of War: Ragnarok» to arrive on PC.

NEW DELHI : An auction on Saturday at The Oberoi, New Delhi, capped a remarkable month for Indian contemporary art. An Amrita Sher-Gil painting titled The Story Teller, signed and dated 1937, fetched a staggering ₹61.8 crore, etching its name in history as the most expensive Indian artwork to be auctioned. The oil-on-canvas masterpiece set a new record, surpassing the previous one from a Pundole’s auction house earlier this month when Sayed Haider Raza’s Gestation sold for ₹51.75 crore, including the buyer’s fee.

NEW DELHI : Three large bidders have entered the last lap for acquiring solar projects totalling 350 megawatts (MW) from O2 Power, promoted by Singapore’s Temasek and European alternative asset manager EQT, two people close to the development said. These include Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd; Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd; and private equity firm Actis Llp, the people said on condition of anonymity. The transaction, having an equity and enterprise value of $50 million and $200 million, respectively, is being managed by EY, with these three bidders shortlisted from around a dozen non-binding offers (NBOs) that were submitted.