Platform Financial News

New Delhi: Online grocery delivery company Zepto has raised $200 million in Series-E fundraise, valuing the company at $1.4 billion, and making it the first unicorn of 2023. The fundraise was led by US-based private markets investment firm StepStone Group, Zepto, set up in the aftermath of the pandemic, on Friday said. The investment also marks StepStone Group’s first direct investment in an Indian company.

Central banks in Ghana and Eswatini have made progress from introducing CBDCs to their countries, and have seen benefits emerge. CBDC usage has proved cost-efficient, convenient, and more secure than other digital payment methods. With the intention of prompting more of the 1.4 billion unbanked population engage in the digital economy, these initiatives have seen key developments and could pave the way for new markets and networks in the global digital payments sector.

The Associated Press. Rubiales, 46, is expected to stand before representatives of Spain’s regional federations, clubs, players, coaches, and referees in Madrid at noon local time. Local media reports stated that he is expected to step down.

Donald Trump has finally returned to social networking website X (formerly Twitter), more than two years after he was banned in January 2021. Trump posted his first tweet on X with his mugshot late on Thursday, saying, «Election interference, never surrender».Elon Musk, CEO of Tesla and the owner of X, reacted to Trump with a quote post saying, «Next-level». Numerous followers of Trump also warmly welcomed him back to X. After his suspension from platforms like Twitter and Facebook, Trump launched his own social media platform, Truth Social. On November 18, 2022, Musk conducted a Twitter poll asking users whether he should reinstate Trump. With approximately 15 million responses, 51.8 percent voted in favour of reinstatement, while 48.2 percent opposed the idea. In response to the question of his return, Trump indicated that he had reservations due to the existing «problems on Twitter.» Twitter permanently banned President Trump on January 8, 2021, in the wake of a pro-Trump mob storming the US Capitol, which resulted in five deaths.

Noida came under scrutiny as a major scam unfolded, involving a network of employees predominantly recruited from the northeastern states of Manipur and Nagaland. As per a TOI report, the call centre, merely four months old, initially operated with a modest team of 25 individuals, each possessing a good command of English and trained to flawlessly emulate American accents.

Disney+ Hotstar has announced an addition to its southern language slate—a new Malayalam original called Master Peace starring Sharaf U Dheen, Renji Panicker, Maala Parvathi, Shanthi Krishna, and Asokan, among others. It will also be available in Hindi, Tamil, Telugu, Kannada, Bengali and Marathi. Video streaming platforms are likely to offer 50-60% of the budgets to southern language content, with these programmes seeing much traction, accounting for 30% of OTT viewership, said industry experts.

OTT platform. The streamer shared the news on its social media handles on the occasion of Kareena's 43rd birthday, according to a report published by the news agency PTI. "The crime thriller movie, based on the critically acclaimed Japanese novel "Devotion of Suspect X" from author Keigo Higashino, is set to be released on the streaming platform on September 21," the filmmaker said in an official statement.

The South Korean central bank, the Bank of Korea (BOK), is set to showcase a “blueprint” for its CBDC in September as the nation looks to speed up the progress of its digital KRW.

Bonus: 150% tot €1200 Bonus: 450% tot €7500 Bonus: 150% tot €150 200% tot €300 + 10% CASHBACK Bonus: 100% tot €1000 Bonus: 350% tot €5000 Bonus: 400% tot €2000 Bonus: 20% Cashback Bonus: 150% tot €150 Bonus: 150% tot €2000 Bonus: 120% tot €1500 1. My Stake Casino - Best for Casino ZonderCRUKSPromotionsIn de dynamische wereld van online gokken maakt My Stake Casino, een vooraanstaand casino zonder vergunning, een indrukwekkend statement. Ondanks dat het een casino zonder licentie is, heeft het binnen een kort tijdsbestek een prominente plaats verworven, mede dankzij zijn verleidelijke promoties en bonussen.

₹25 for unlimited trips/day or ₹3.50 per ride with no charges after 10 trips. According to a Moneycontrol report, officials say that the app has been offered free of cost since its launch but the subscription fees is needed to maintain the app, cover expenses and manage customer care centre.

OTT platform in September. Film Jailer, helmed by Nelson Dilipkumar, is inching towards the ₹550 crore mark at the box office worldwide. On achieving this milestone, Jalier will earn the title of the highest-grossing Tamil film in India.

Elon Musk has reacted to former US President Donald J. Trump's comeback post on the platform.

Malayalam film industry on Thursday bagged quite a few awards and mentions in the 69th national film awards, with senior actor Indrans receiving a special jury mention and the movie, 'Home', in which he played the protagonist, adjudged the best Malayalam film. The 2023 National Awards were announced by filmmaker Ketan Mehta who headed the 11-member jury. Another noted Malayalam movie, 'Nayattu' that featured actors Joju George, Nimisha Sajayan and Kunchacko Boban, won the national award for Best Screenplay (Original) for writer Shahi Kabir.

Artificial intelligence (AI) is one of the buzzwords of today. Its application has extended to various fields, including marketing and finance. From small to big businesses, everyone is looking at leveraging this technology. One of its most promising uses has been for data analysis and understanding consumers, which is now helping businesses in inventory management and supply chain. Predictive analytics uses AI and machine learning to predict trends and come up with business solutions.

Former US President Donald Trump has returned to the social media platform X (formerly Twitter) and posted an update for the first time since his account was suspended in early 2021. In a post on X, Trump shared a mugshot of himself from his booking at the Fulton County Jail in Georgia.

Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. ET (1405 GMT) to better understand whether the Fed is done with rate hikes and how long it plans to keep rates elevated. The dollar index, which measures the U.S.

Donald Trump returned to the social media site X, formerly known as Twitter, with a post on Thursday showing his mug shot from his booking at Fulton County Jail in Georgia earlier in the day. With his post, an appeal for donations, Trump reclaimed direct access to the public on the platform that banned him following the Jan. 6, 2021, attack on Congress by his supporters. On Nov.

Brics is set to add heft to the grouping of emerging economies as it announced on Thursday the inclusion of six new members, including India's key partners in the Gulf and North Africa, a development that Prime Minister Narendra Modi described as a message that «all global institutions need to transform considering the changing times». South Africa's President Cyril Ramaphosa made the announcement at a joint press conference of the leaders of the current members — Brazil, Russia, India, China and South Africa — on the concluding day of the 15th Brics summit in Johannesburg. «We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of Brics from 1 January 2024,» said the joint declaration issued at the end of the 15th Brics summit. At the summit, the Brics leaders tasked their finance ministers and central bank governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms, and report back to leaders by the next summit.Deep relations The group also decided to clear the path for further expansion. «We have also tasked our foreign ministers to further develop the Brics partner country model and a list of prospective partner countries and report by the next summit,» said the joint statement. Prime Minister Modi said at the joint press conference — in the presence of Ramaphosa, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva — that the decision to expand the grouping will strengthen the belief of many countries in a multipolar world. The PM said the inclusion of new members will

Adani Group's cash balance has reached an all-time high of ₹42,115 crore in the June quarter, an increase of ₹1,764 crore from the previous quarter, helped by a series of strategic initiatives. The company's net debt to operating profit ratio has fallen below three for the first time in a decade, on a run-rate basis, the company said in a statement on Thursday. The total equity deployed has surged to 55.77% of its total assets, marking a significant rise from 40.16% at the end of FY19.

HDFC Bank on Thursday launched a new credit card in partnership with international hotel chain Marriott to capitalise on the soaring domestic and global travel by Indians and gain market share in the most profitable segment of retail lending. The card is a co-branded product with Marriott Bonvoy, Marriott's customer loyalty programme.

Reliance Industries is likely to sell another 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to fund expansion, retire debt and prepare for the initial public offering of the conglomerate's retail business, two senior industry executives aware of the plans said. This process will likely happen in tranches over 12-15 months and will be critical for the proposed IPO by the holding company of Reliance's retail operations, the executives said. The stake sale is crucial because at the current valuation of $100 billion (₹8.25 lakh crore), RRVL's IPO size will be humongous and the market may not have the liquidity to absorb such an offer. Hence, the company thinks, another 7-10% equity dilution will make the IPO size manageable to ensure its success since by then its valuation is also likely to go up, the people said. As per India's listing rules, the public shareholding, including those held by financial investors, of a company must be at least 25%.