Platform Financial News
09.08 / 18:21
UPS
FIVE
Platform
Entertainment
Enterprise
show
Zee Ent clocks Q1 net loss of ₹53 crore
Zee Entertainment Enterprises Ltd posted a net loss of ₹53 crore in the first quarter of FY24 compared to a profit of ₹107 crore a year ago. Consolidated revenue increased 7.6% year-on-year from ₹1,843 crore to ₹1,983 crore.
09.08 / 18:21
09.08 / 17:53
Digital
Cooper
CEO
Platform
Interface
country
Cooperation
India and Philippines discuss UPI, fintech cooperation
Mint in August, NPCI International CEO Ritesh Shukla stated that interoperability with the payments platforms of foreign partners will enable remittances as well as merchant payments. He also spoke of plans to double the number of countries where UPI is live.
09.08 / 17:53
COST
Digital
Citizens
Aware
Platform
electronic
‘Will work with industry on DPDP law’
NEW DELHI : The government will consult the industry before implementing the Digital Personal Data Protection (DPDP) bill to ensure a smooth rollout roadmap, minister of state for electronics and IT Rajeev Chandrasekhar said. In an interview, Chandrasekhar said the government is open to the industry’s suggestion for an extended time frame but stressed that the new law will curb the exploitation of user data and make it costly for those who violate rules. Edited excerpts: This is an important fundamental law that has been put into place, and there will be a few more things that we will do down the road very quickly that will complete the global standards cyber law framework for this trillion-dollar digital economy, which is our goal.
09.08 / 17:53
Digital
AXY
Manufacturing
CEO
Platform
NIIF taps Russell Reynolds to find next MD & CEO
NEW DELHI : The National Investment and Infrastructure Fund Ltd (NIIF) has mandated global leadership advisory firm Russell Reynolds Associates to find the next managing director (MD) and chief executive officer (CEO) of India’s quasi-sovereign wealth fund, two people familiar with the development said. After Sujoy Bose, who served as NIIF’s first MD & CEO for six years since 2016, quit in May, the company named Rajiv Dhar, the executive director and chief operating officer, the interim MD & CEO. In 2015, the then-department of economic affairs secretary Shaktikanta Das headed a search-cum-selection committee to select the CEO for the investment management company under NIIF.
09.08 / 17:53
Platform
Remark
performer
services
Dreamfolks Services Q1 results: Revenue rises 66% at ₹266.32 crore
airport service aggregator platform Dreamfolks Services Ltd on Wednesday reported 66% growth year-on-year in revenue at ₹266.32 crore for the first quarter ended June 30 of fiscal year 2024. Its profit after tax (PAT) stood at ₹12.96 crore in the June quarter of current fiscal year. PAT margin was reported at 4.87%.
09.08 / 17:13
Provident
Extreme
Platform
Covenant
tenor
SP group firm’s bond offers 16-17% yield but here’s the risk
The news of Goswami Infratech Pvt. Ltd— a Shapoorji Pallonji (SP) Group company— raising debt last month raised quite a few eyebrows. That was because the company tapped the bond market to raise a massive ₹14,300 crore at a whopping 18.75% interest.
09.08 / 17:03
Twitter
Platform
show
social
Trump
Special counsel obtained search warrant for Trump's Twitter account -court filing
WASHINGTON (Reuters) — Jack Smith, the U.S. special counsel who is investigating Donald Trump, obtained a search warrant for the former president's Twitter account in January and the social media platform delayed complying, a court filing on Wednesday showed.
09.08 / 17:01
Citi
Ball
Platform
Parke
stage
Time
Carabao Cup draw: When is it? Check kick off time, where to watch, TV channel, live streaming, ball numbers and more
This stage involves the 12 Premier League teams not participating in European competitions this season. Chelsea and Spurs join after facing challenges in the previous season. Similar to the first round, the second round will be organized regionally, dividing clubs into north and south sections to minimize midweek travel demands. Surprise exits, including Watford, Millwall, and Southampton, have already occurred. As the complete list of clubs advancing to the Carabao Cup's second round becomes known, the potential for more unexpected results looms.
09.08 / 17:01
Twitter
FIVE
Reuters
CEO
Platform
Instagram
social
Features
Meta adds new features to Threads after more than half of users leave app
Meta Platforms' Threads app is adding new updates including the ability to share posts through Instagram messages, CEO Mark Zuckerberg said on Wednesday, as the company tries to retain users on its new app. Threads — which rivals X, the social media platform formerly known as Twitter — lost more than half of its users in the weeks following its buzzy launch.
09.08 / 16:54
Citi
Platform
lawsuits
Lawsuits filed by Airbnb and 3 hosts over NYC's short-term rental rules dismissed by judge
A New York judge has dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”
09.08 / 16:53
Disney
Platform
Entertainment
Uncharted
exclusive
ESPN
Deal
ESPN strikes $1.5B deal to jump into sports betting with Penn Entertainment
Disney-owned ESPN has licensed its brand for use in a sports betting app, striking a deal in which it will receive $1.5 billion and other considerations from Penn Entertainment
09.08 / 16:43
UPS
Provident
FIVE
Digital
Platform
show
star
How fraudulent claims hit insurers... and you
₹50 lakh claim saying that he had died in an accident. But the elaborate scheme failed, says Mayank Bathwal, the insurer’s chief executive officer. “We got hold of the original death certificate and could figure out that the policy was issued on 17 May, while the death had occurred on 13 May." In another case, in Udaipur, Rajasthan, also involving ABHI, the person insured died due to chronic kidney disease (CKD) whereas a claim was raised under a personal accident policy.
09.08 / 16:29
09.08 / 15:53
COST
Platform
Hallmark
GeM enabled govt to save over Rs 45,000 crore since 2016: Commerce ministry
Procurement through the GeM portal have enabled the government to save over Rs 45,000 crore since its launch in 2016, the commerce ministry said on Wednesday. Government e-Marketplace (GeM) is India's online marketplace for public procurement.
09.08 / 15:25
Digital
Booking
Platform
Strategy
Enterprise
Paisabazaar operating revenue increases 59% in Q1 at Rs 134 crore
Paisabazaar, the credit arm of PB Fintech, on Wednesday said its operating revenue grew 59% on year to touch Rs 134 crore for the quarter ending June 30. This represented an 11% rise on a sequential basis, the company said.
09.08 / 15:21
Provident
Aware
Platform
country
The Disparity in Retail CFD Trading Legality: US vs UK
1. Leverage Limits: The FCA has imposed restrictions on leverage available to retail traders, capping maximum leverage at 30:1 for major currency pairs and lower for other asset classes. These limits are designed to reduce the risk of significant losses for retail investors.
09.08 / 14:53
09.08 / 14:07
Waves
Target
Booking
Platform
Strategy
Software
Align
Intraday Trading 101: Basics of Intraday Trading for Beginners
intraday trading from an Indian finance context, exploring key concepts, strategies, and tips to help beginners navigate this thrilling terrain. Intraday trading, also known as day trading, involves buying and selling financial instruments within the same trading day. Unlike long-term investments, which may span months or years, intraday trading capitalizes on short-term price fluctuations to earn profits.
09.08 / 13:45
Digital
Disney
Platform
Entertainment
exclusive
ESPN
Penn Entertainment shares rise after gambling group inks partnership with ESPN
Investing.com — Shares of Penn Entertainment (NASDAQ:PENN) soared in premarket trading Wednesday after the company announced it entered into an exclusive U.S. online sports betting agreement with Disney's (NYSE:DIS) ESPN unit.
09.08 / 13:05
Waves
Platform
Action
Software
Enterprise
Pinnacle
Drag
Edtech startup Saarthi, investors drag acquirer Classplus to court
Edtech startup Saarthi on Wednesday said it has taken legal action along with other investors against its acquirer Classplus on several charges including cheating, extortion, criminal breach of trust and misappropriation of funds. Classplus, a software-as-a-service (SaaS) platform for coaching institutes, had acquired Saarthi in late 2021, according to a statement. The deal went unannounced until now.
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