Platform Financial News

By Supantha Mukherjee and Martin Coulter

This will be one of the busiest weeks of the year, with a flood of economic data, an FOMC meeting, an ECB meeting, and a BOJ meeting. On top of that, there will be earnings from 3 of the big seven.

Investing.com — Investors gear up for a crush of corporate earnings and a major Federal Reserve policy decision that could reveal clues about the path ahead for the U.S. economy. Elsewhere, Chevron 's second-quarter earnings top expectations, while Elon Musk hints at a sweeping overhaul of Twitter's branding.

Open Network for Digital Commerce (ONDC) has been seeing an increase in transactions across the board, says ONDC Chief Business Officer, Shireesh Joshi. He added that while the exact numbers couldn't be revealed, the volume of orders for the brands that have joined the network has been increasing since January. ET recently reported that a study done by the Industrial Credit and Investment Corporation of India (ICCI) services financial firm showed that daily transactions in the network would scale up to 200,000 from the present 80,000 by December.

As crypto entrepreneurs such as FTX co-founder Sam Bankman-Fried and former Celsius CEO Alex Mashinsky face criminal allegations of misconduct and possibly prison time, one of the Justice Department’s earliest collars has a message for today’s players: Get compliant. Charlie Shrem was an early apostle of cryptocurrency, earning millions of dollars trading bitcoin and treated like a rock star worldwide, with fans at conferences snapping photos of him and pushing business cards at him.

Elon Musk has officially rebranded the microblogging platform he owns. Formerly known as Twitter, the platform has now been unveiled as "X." This development comes as no surprise, as Musk had previously engaged his followers by requesting them to design mockups for the new logo. He promised to select a "good enough" design to be adopted globally, and he has now fulfilled that commitment.  As evident by the appearance of the X affiliate badge alongside the blue tick on Musk's profile, the change has been implemented and Twitter is now officially recognized as X.

Eros International Media, two government officials told Reuters, after the market regulator in June accused the media group of financial misreporting and fund diversion. The ministry ordered the probe after it was «satisfied» that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.Eros International Media is a distributor and producer of movies and owns popular OTT streaming platform Eros Now.

The price of Stellar (XLM) has dropped by 4.5% in the past 24 hours, sliding to $0.148076 following a 1.5% fall for the cryptocurrency market as a whole.

Crypto exchanges that connect buyers and sellers directly without Wall Street-style middlemen are under pressure to improve their services amid a decline in market share.

Elon Musk has unveiled a new black and white «X» logo to replace Twitter's famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. Musk replaced his own Twitter icon with a white X on a black background and posted a picture on Monday of the design projected on Twitter's San Francisco headquarters.

When crypto company Binance launched its U.S. exchange in 2019, almost $70,000 of bitcoin changed hands in the first hour. But the demand didn’t come from external traders.

Elon Musk continues to shock Twitter users. If you... moreElon Musk continues to shock Twitter users.

Flipkart Plus program, where users earn SuperCoins through regular shopping.  Despite the name "Premium," Flipkart Plus Premium will not require a paid subscription and will be completely free of charge for users, as confirmed by the teaser published on the platform. Flipkart Plus Premium is likely to serve as an extension of the existing customer benefits program, Flipkart Plus, and is scheduled to launch soon in India. While specific details about the perks of Plus Premium have not been revealed yet, the company has assured users that all the details will be disclosed within the next two weeks.

A company's logo reflects its brand identity, and a change of logo is aimed at brand refresh, often when the business of the company takes a turn or the company wants to convey to its customers its new aspirations. Elon Musk announcing to change Twitter's logo has generated a lot of interest. «And soon we shall bid adieu to the twitter brand and, gradually, all the birds,» he tweeted yesterday.

PAN Card, Driving License, and Vehicle Registration Certificate, through Samsung Wallet.  As per Samsung, this step is part of the technology giant's dedication to being a robust partner in India's journey towards #PoweringDigitalIndia. Furthermore, Galaxy smartphone users can securely store their Co-WIN vaccination certificates within the 'Wallet' for easy access and management.

«The rally has kind of surprised most people. From the start of the year till now markets are up close to 20%. It is on the back of improvement in global demand; global concerns which were there at the start of the year around US hard lending etc.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

MoneyControl, after this announcement, Swiggy has entered the list of new-age companies that have given rewards to their employees this year which also includes Flipkart.  In 2021, Swiggy announced that the company will reward its employees for their performance in the coming two years, that is, 2022 and 2023. It is a part of the online grocery and food delivery company's ESOP liquidation exercise.  Last year, the company initiated its committed ESOP liquidity Program aggregating $23 million.

Introduction to Shibarium

Multi-use, mid-sized packs in categories such as confectionery, personal care and home care products witnessed a higher uptake in the June quarter of 2023, as per data from Bizom, a retail intelligence platform. In confectionery, mid-priced packs grew 2. 5 per cent during the quarter, while the growth in high-value packs in the same category declined by an equal proportion. Consumers clearly preferred mid-priced packs in personal care goods grew by three per cent, while low-priced packs declined by 3. 4 per cent. In home care, mid-priced packs rose 7. 1 per cent, as consumers upgraded from low-price packs which saw a fall of 6. 8 per cent, thus driving growth in this category. “Consumers seem to be looking for greater value among confectionery, personal care as well as home care products. Here we see a strong movement into multiuse, mid-sized packs that offer the flexibility of limited spending and greater value than smaller-sized ones, ” Bizom’s chief of growth and insights, Akshay D’Souza, said to TOI.

Karnataka, adorned with a message that has caught everyone off guard. A Twitter user going by the name of 'Roshan Rai' was the one who shared the image, using the platform to denounce the misuse of regional pride to mistreat others. The auto's message emphatically insists that everyone within Karnataka's borders must be proficient in Kannada, the state's native language.