Platform Financial News

₹550 crore from BPEA Credit, a private credit platform, last December. WeWork India chief executive Karan Virwani said WeWork continues to be a category-defining brand. The recent news of WeWork globally did stir up questions among tenants and members in India, but Virwani said the management has explained to them that business in the country will continue as usual.

Elon Musk demands a functional, exposed camera. Based on a shared screenshot as per Owji, the ID verification process is estimated to last around five minutes, with an option to conceal the verification badge. The disclosure indicates a partnership between X and Israeli firm Au10tix for this verification functionality.

ChefKart has announced the launch of Chefit (one-time cooking service), Monthly Subscription (cook for a month), Chef for Party, and Royale (Full-time in-house cook). Through Chefit service, a cook can be hired for one-time to prepare meals for up to 8 individuals. Its other the Monthly Subscription, offers trained and verified cooks for a month, with options like the Basic Plan and Basic Plan + Premium Upgrade.

₹10 crore, the Mumbai Police's Economic Offences Wing (EOW) registered an FIR against 4B Networks Pvt Ltd company's senior official Rahul Yadav and Sanjay Saini. The complaint was filed by Rajasthan-based Vikas Om Prakas Noval. Vikas is the director of Interspace Communication Private Limited, the EOW official told PTI.

New Delhi: A growing number of Indian consumers are turning to their mobile devices to check prices of products while shopping in brick-and-mortar stores, indicating a rise in the adoption of omnichannel retail behaviour. “For five in 10 India consumers, e-commerce websites and search engines are the top sources of pre-purchase information, while three in 10 check in with their family, friends and colleagues before deciding on a purchase.

ABB India Limited bagged an order from Reliance Life Sciences (RLS) to automate control solutions for their new biosimilars and plasma proteins manufacturing facilities in its 160-acre plant at Nashik, Maharashtra, the company announced on Monday. «The scope encompasses complete automation of the manufacturing process using ABB’s flagship Distributed Control System (DCS) Ability System 800xA, Remote I/O systems, Batch Recipe Management, and MES Integration,» the company said in a release.

Delhivery Ltd. has announced the launch of Delhivery One — a digital shipping platform experience designed to meet the diverse needs of MSMEs, in addition to large D2C e-commerce brands across the country.

“Income tax department has given an option of pay later when we file income tax return (ITR). Therefore, an individual can file an ITR without paying income tax dues first by using the pay later option,” said CA Abhinit Singh, Founder, Ready Accountant, a Kolkata-based educational institution. Read below to find out how to use the ‘Pay Later’ option on the Income Tax Department’s e-filing portal.

Indian spacecraft is now expected to touch down on the surface of the Moon at 6.04 pm on August 23. However, the lander module would undergo internal checks ahead of the planned soft landing on the moon. The lander module (LM) comprises the lander ‘Vikram' and rover ‘Pragyan’.

Meta Platforms plans to launch a web version of its microblogging app Threads early next week, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Elon Musk led social media platform X (formerly Twitter) has led to the disappearance of photos and other media posted before 2014. Some angry users on X claimed that the recent glitch on X could be part of the cost-cutting measures enacted by Elon Musk's company.

Spanish Football Federation President Luis Rubiales finds himself at the centre of media attention after a surprising, post-victory gesture at the Women's World Cup. The occasion, which marked Spain's maiden triumph in the tournament, witnessed Rubiales sharing a moment of jubilation with Spain midfielder Jenni Hermoso. Amid the celebratory atmosphere, Rubiales was photographed sharing a kiss on the lips with Hermoso during the medal ceremony that followed Spain's nail-biting 1-0 win over England.

All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi, Amid an escalating discourse surrounding lineage and religious heritage, has responded to a social media claim that Hindu Brahmin Tulsiramdas was his great-grandfather. The assertion of such lineage by the claim was met with a pointed remark from Owaisi. He expressed wry amusement at the persistent trend among some quarters to ascribe a Brahmin ancestry to him even in fabricated genealogies.

₹25 per kg in Delhi from Monday. The retail sales of onion will be suitably increased in the coming days by involving other agencies and e-commerce platforms, said the government press release issued on Sunday. "Apart from releasing in major markets, onions from the buffer are also being made available to retail consumers at a subsidised rate of ₹25 per kg through retail outlets and mobile vans of NCCF from tomorrow ie Monday 21st August 2023," the release stated.

Former US President Donald Trump has officially announced his decision to skip the upcoming Republican primary debate, the first of the 2024 cycle. Trump has made his position clear on his social media platform, stating that he believes the public is already well-acquainted with his views and hence he won't be participating in the debate. While it remains unclear whether this decision will extend to future debates or just the present one, a Trump advisor told CNN that the former president might still consider taking part in subsequent primary debates despite his online announcement.

THORChain (RUNE) stands apart with its distinctive cross-chain liquidity system, and in the current week, it has captured considerable attention for a compelling reason. 

Introduction to DeepSwap

Sorin Investments, a technology-focussed fund, co-founded by former KKR India head and private equity veteran Sanjay Nayar and Angad Banga, has raised a corpus of over Rs 1,000 crore for the second close of its maiden fund. It had raised around $100 million (approximately Rs 800 crore) in its first close last year. The tech-focused investment firm’s fundraise comes at a time when the Indian tech startup ecosystem is facing a funding crunch that has seen several investors slash down the valuations of several major Indian tech companies. Investors in the fund include Henry Kravis, George Roberts and other partners of the American global investment firm KKR & Co as well as Hero Enterprise chairperson Sunil Kant Munjal and a few other global and Indian family offices. Nayar and Banga were formerly associated with KKR. Nayar founded Sorin after a four-decade career spanning banking and private equity. Nayar and Banga have also invested a significant amount of their personal capital in the fund as sponsor commitments, they said in an earlier interview without disclosing the sum. The fund focuses on early-stage technology startups across various industries like fintech, edtech, software as a service (Saas), logistics, clean technologies and direct-to-consumer products and brands. It aims to invest between $2-10 million in target companies.

Barbie," the captivating creation starring Margot Robbie and Ryan Gosling. Helmed by the directorial prowess of Greta Gerwig, this cinematic venture, which made its theatrical debut alongside Christopher Nolan's "Oppenheimer" on July 21, 2023, unfolded as a fascinating online spectacle. Even before the grand unveiling of these two blockbuster movies, the digital realm was abuzz with fervor, christening the co-release phenomenon as "Barbenheimer." The unique cinematic aura surrounding Gerwig's work promptly struck a chord with the audience, enrapturing their hearts and evoking their love for the film.

Coal India's in-house e-auction platform have been carried out satisfactorily, and the mechanism can have a full-fledged rollout across the company's coal-producing subsidiaries, officials said Sunday. A total of seven trial auctions involving nearly 18 million tonnes of coal have been conducted, they said. The mining major has entrusted its wholly owned subsidiary Central Mine Planning & Design Institute (CMPDI) to rollout the in-house e-auction system, with technical assistance from the National Informatics Centre.

Love Again" starring Priyanka Chopra Jonas and Sam Heughan is expected to be released on Netflix in September this year. The romantic comedy graced theaters worldwide in May, 2023 and is all set to make its debut on Netflix in the US, according to a report on WhatsOnNetflix. «Love Again» has been brought to life through the creative prowess of writer and director James C. Strouse. Notably, Strouse collaborated with Netflix in 2017 for the release of «The Incredible Jessica James.» His portfolio also includes notable works such as «Grace is Gone,» «The Hollars,» and «People Places Things.» The movie boasts an impressive ensemble cast featuring Priyanka Chopra Jonas, known for Prime Video's 'Citadel', Sam Heughan of 'Outlander', and Celine Dion. Distributed by Sony Pictures Releasing, this cinematic creation is a joint effort between Screen Gems, 2.0 Entertainment, and Thunder Road Films. Following its theatrical premiere on May 5, 2023, «Love Again» garnered substantial success, amassing a box office revenue exceeding $10 million.