Platform Financial News

₹1000 each for an online game; where the winning player will get ₹1800 and the online gaming platform collects ‘Platform Fees’ of ₹100 each from ‘X’ and ‘Y’. It is this INR 200 (100 + 100) on which GST at 18% is liable to be deposited by the online platforms.

Elon Musk, theowner of X (formerly Twitter), continues to advance his vision of transforming the app into a super app. A recent development in this direction is the introduction of voice and video call features to X. Musk announced, "Video & audio calls coming to X," highlighting that this feature will be available across iOS, Android, Mac, and PC devices.

Twitter), tech billionaire Elon Musk has shared that the features will soon be coming to the micro-blogging platform, putting it in direct competition with Facebook, Instagram and WhatsApp. These upcoming features will work on iOS, Android, Mac and PCs, Musk stated. He clarified that no phone numbers would be needed to access the features. Taking to X, he wrote, «Video & audio calls coming to X. Works on iOS, Android, Mac & PC. No phone number needed. X is the effective global address book.» The new Twitter feature has been teased several times in the past, and it is now likely to finally make its debut in an upcoming update.

Elon Musk on Thursday announced that X, formerly Twitter, will soon be getting an audio and video calls feature. In a post, Musk said, «Video & audio calls coming to X». Musk said the new feature will be compatible with Android, iOS, PC, and Mac, adding that audio and video calls can be made without any phone number. «X is the effective global address book,» Musk said in a post on the platform. Musk had in May first spoken about the calling feature on the platform.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.09 trillion, falling 0.78% in the last 24 hours. The crypto market has traded sideways with downward pressure in the last 24 hours. Investor sentiment, however, continued to climb and jumped 3 points since yesterday; currently in the neutral zone with a score of 52/100, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. «BTC seems to have lost the momentum it had gained after Grayscale’s historic win against the SEC. However, analysts predict a 75% chance that Bitcoin ETFs will get approval this year. The SEC is also expected to rule on the ETF applications submitted by other players like BlackRock, Fidelity, Invesco, and WisdomTree, this week,» Shubham said.

Close to the heels of the upcoming festive season, InMobi, a provider of marketing and monetisation technologies, has unveiled key insights from its annual festive trends report. The Marketer’s Guide to the Festive Season 2023 for India delves into the mushrooming trends in buying behavior during the festive period, highlighting their potential to mold digital marketing strategies for brands.

We Founder Circle, a platform for angel investors, is wooing high networth individuals (HNIs) from the smaller towns of India into its fold. The community, with 6500 investors last year, has grown to 10,000-plus investors in 2023 indicating that startups continue to be a viable asset class despite the prolonged funding winter worldwide.

Driven by rising concerns about investor protection in this digital age, the Securities and Exchange Board of India (SEBI) has released the much-awaited consultation paper on the association of SEBI registered intermediaries/ regulated entities with unregistered entities including ‘finfluencers’.

Thursday, August 31, 2023 – Web3 play-to-earn (P2E) meme coin gaming platform Tamadoge is launching a major marketing push that will include the promotion of new staking and burn features as the team targets more top exchange listings.

rewards and benefits to their employees for the upcoming festive season, which includes a combination of increased earnings, bonuses and incentives, employee discounts, performance based appreciation and gifts, according to a survey by hiring platform Indeed. However, when it comes to certain perks, job seekers and employers are not entirely on the same page, shows the survey conducted among over 1,000 employers and about 2,600 job seekers. While festive rewards and gifts are preferred by 16% of the job seekers, only 9% employers are offering these, revealed the survey conducted by ValuVox between April-June on behalf of Indeed. Similarly, performance-based appreciation is of priority for 14% of job seekers, but only 8% employers feel the same. “This mismatch can likely be attributed to the fact that employers are providing increased earnings and incentives which they believe compensate for additional gifts or merit-based rewards,” according to the survey findings. The survey also shows that employers anticipate an 18% surge in hiring activity for the upcoming festive season. About 69% of employers are looking to hire temporary workers, while 20% are set to hire gig workers, which include freelancers, consultants, and independent contractors to manage the upcoming workload during the festive season.

financial markets since 2010. It was founded by a team of passionate analysts, financiers and active traders who wanted to share their experience and knowledge with others. The company does not stand still and is working to expand the quality of services, and the choice of available materials.

August 2023 crypto market crash despite its progress in web3 gaming. Similarly, Bitcoin Cash (BCH) fell after a major stablecoin delisted its Simple Ledger Protocol. Analysts say the best crypto investment in Q3 2023 is VC Spectra (SPCT).

Made by Google event where we'll introduce the latest additions to our Pixel portfolio of devices." The event is scheduled to commence at 10 AM ET / 7 AM PT (7:30 PM IST) and will take place in New York City. For those unable to attend in person, the event will be accessible globally through online platforms such as the Google Store and the Made by Google YouTube channel, where a live stream of the event will be available. The focal point of the event is anticipated to be the Google Pixel 8 series, encompassing the Pixel 8 and the Pixel 8 Pro.

Reuters citing two Indian officials, including a diplomat stationed in China and another official from a different G20 nation, have indicated that Premier Li Qiang is projected to attend the New Delhi meeting on September 9-10 as a representative of Beijing. The G20 summit scheduled in India was seen as a potential opportunity for Chinese President Xi Jinping to engage with US President Joe Biden, who has already confirmed his participation.

Media company Network18 and DistroTV, an independent, free, ad-supported streaming TV (FAST) platform, have announced a partnership, which will enable DistroTV users in India to stream Network18’s portfolio of channels live and for free. In its initial phase, the partnership has seen the launch of Network18’s channels such as CNN-News18, News18 India, CNBC TV18 and CNBC Awaaz on the platform.

Mumbai (Maharashtra) [India], August 29: As the investment landscape continues to evolve, Indian investors are seeking new avenues to diversify their portfolios and capitalize on emerging opportunities. In this pursuit, real estate crowdfunding has emerged as a dynamic and potentially lucrative investment avenue.

Watchvestor is a platform creating a unique haven for investors seeking the rarest and most coveted luxury watches in the world. The goal of the project is to bring together watch enthusiasts, collectors, and investors from around the globe. On this unique marketplace, investors will get the opportunity to buy, sell and invest in rare and collectible watches from renowned brands such as Rolex, Richard Mille, and Patek Philippe.

Instagram, X (formerly known as Twitter) and others. As most of these social media websites are based abroad, how will an individual who earns money from these websites get taxed?

Sanjiv Bhasin, Director, IIFL Securities, says, “I am chasing the likes of LTIM, Reliance, Apollo Hospital and the largest banks, ICICI, Axis. Those are five of my big ideas. If you have Suzlon, stay with it, but do not chase it at these prices where the stock has already tripled.” Bhasin also says, “this is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. Now, the businesses can underperform for some time, but the longer-term story on IEX in power and IRCTC on railways is the best you can play on the Indian PSUs.I am curious about your take on some of these new-age tech companies. For instance, Zomato has been in the news of late. How are you looking at the efforts on the path to profitability for a lot of these companies? What would be your picks?Zomato, Paytm and PB Fintech are three stocks which are in our portfolio.

bonds. Many of these instruments are yielding double-digit returns in the range of 10% to 15% depending on the credit profile, but investment advisors warn such papers carry elevated risks that require careful vetting. These bonds are mostly offered by non-bank finance companies (NBFCs), small finance banks, fintech companies and microfinance lenders among others. Their tenure is mostly one to five years and are available on online platforms such as Indiabonds, BondsIndia, GoldenPi, Wint Wealth, Bonds Kart, Grip Invest and Leaf Round. For now, these products are trending among traditional yield-chasers. These bonds yield about 300-500 basis higher than conventional products, like bank deposits and postal savings. The trigger for their growing popularity among individuals in the highest tax bracket has been the recent changes in the taxation of debt mutual funds. In an unexpected move, the government said from April 1 capital gains arising from investments made in debt mutual fund schemes would be added to taxable income and taxed in line with the income tax slab rate. As a result, the indexation benefit in debt mutual funds that lowered the tax outgo for investments held for more than three years went.

The consultancy firm said that the trend lines pointed to a “sharp reset for the PE-VC landscape,” which has battled a so-called “funding winter” as risk capital inflow to India had dried up from the latter half of 2022. This downturn had followed a boom in private equity and venture capital investment witnessed in 2021 and early part of 2022 when Indian startups received a record inflow of capital. The subsequent downward trend in risk capital investments has changed in the three-month period ended June 2023, the data revealed.