Platform Financial News

PlayUp, the Australian fantasy sports betting outfit, has paused its $10 million capital raise until it can sell its business in the United States.

₹199 per month, now costs ₹149. Similarly, the basic plan that allows access to all content on any one device is priced at ₹199 versus ₹499 earlier.

Swiggy will buy back shares worth over $50 million from more than 2,000 employees, which they had received as part of the food and grocery delivery company’s employee stock option plan (ESOP). This is Swiggy's second tranche of ESOP liquidity program.

A recent report from work-as-a-service platform Awign decodes this trend with some data from the ground. These numbers are based on observed data and so may not be representative of the broader population. But these can still provide some trends to employers on the type of such freelance roles that organisations are looking for. For jobseekers, it can give some insights into where qualified people can find opportunities. Using data from ASSOCHAM, the report says: “India had 15 million independent workers or freelancers in 2020, with industries like IT, finance, HR and design hiring people on a project basis. Notably, the number of tech companies onboarding independent workers has seen an uptick. A November 2022 survey by NASSCOM, Indeed and AON found that the share of Indian tech companies hiring gig workers rose to 65 per cent in 2022 compared to 57 per cent in 2020.” Indeed, the overall demand for gig work has gone up after the pandemic. But one of the more intriguing results the data shows is an increased demand for people with graduate degrees.

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

stocks have shown immense growth potential in comparison to other companies. With markets on a rise, there are companies whose stocks have given returns of more than 100%. Such companies, in the words of Peter Lynch, are known as multibaggers.

₹apiece on the BSE. One 97 Communications, the parent company of Paytm, narrowed its consolidated net loss to ₹357 crore in the April-June 2024 period from ₹644 crore in the corresponding period last year.  However, the company’s net loss has widened when compared to a loss of ₹168 crore reported in the March quarter. Paytm’s revenue from operations during Q1FY24 rose 39.4% to ₹2,341 crore from ₹1,679 crore in the year-ago period.

BANGKOK (Reuters) — Thailand's industrial sentiment rose for the first time in three months in June, bolstered by higher domestic demand, but sluggish exports and uncertainty over the formation of a new government remained a worry, an industries group said on Monday.

SYDNEY (Reuters) — A look at the day ahead in European and global markets from Stella Qiu

violence-hit Manipur on the same day as a viral video incident in the northeast state has surfaced on social media platforms.  In an interview with NDTV, her mother said, “I received a call to find my daughter's whereabouts. At the other end, I heard someone say ‘Do you want your daughter dead or alive’. But there was no choice.

With the Monsoon session of Parliament, facing continuous disruptions over Manipur violence since it began, is all set to reassemble on Monday, Congress MPs have moved adjournment motion notices to discuss the situation of the strife-torn state. Congress Lok Sabha MPs Manickam Tagore and Manish Tewari have proposed adjournment motion notices to discuss the situation of the northeastern state with the latter asking to suspend Zero Hour, Question Hour, and other businesses of the day to have a discussion regarding "ongoing ethnic clashes".

Also read: Ryan Reynolds Buys Stake in F1 Racing Team, Growing His Business Empire Formula 1 President and CEO, Stefano Domenicali, expressed his excitement about the extension and highlighted the circuit's popularity among drivers and fans.  He said, “It is great news to announce the extension of the Hungarian Grand Prix for an additional five years."  He also praised the promoter's commitment to improving the facilities and enhancing the overall experience for attendees. Also read: Formula 1 racing launches first subscription platform in India “To see the commitment from the promoter in Hungary to develop the facilities and further enhance the experience for fans is another important step and something we want to see all our events doing in order to continue to improve and make our races even better," he added.

Elon Musk and the chief executive he brought aboard just a month ago say the social media network will ditch the bird logo, rebrand the platform with the name X and move quickly into payments, banking and commerce. «Powered by AI, X will connect us in ways we're just beginning to imagine,» Twitter chief executive Linda Yaccarino tweeted Sunday afternoon. Late Saturday night, Musk indicated he plans to jettison Twitter's blue cartoon bird logo.

«I think clearly the biggest driver is the fact that inflation and interest rates have clearly peaked. You have seen the RBI pausing and this was one of the biggest headwinds for the market over the last many-many months,» says Ashi Anand, Valcreate Investment.Just wanted to understand your overall thought on the market right now. While FII inflows have been intact for us, a lot of sectoral churn at play but a lot of overvalued pockets as well?Broadly in terms of the markets, we have seen a fairly good rally in the midst of kind of a fair amount of concerns globally.

AFP reported. They expressed dissatisfaction with the platform's mass firings, which impacted content moderation, as well as Musk's management style. In response to the declining advertising revenue, Musk has been steering Twitter towards the integration of payment and commerce features, seeking alternative sources of income.

Elon Musk said his social media platform will retire its widely recognised blue bird logo, and eventually the Twitter name, as part of his relentless effort to overhaul the company.

National Security Advisors (NSAs) of the BRICS member states will meet in South Africa from Monday to Wednesday and explore a security cooperation mechanism for the grouping amid several geopolitical security threats.NSA Ajit Doval is expected to meet senior Chinese diplomat Yang Jiechi on the sidelines of the event, which will be closely followed amid the Russia-Ukraine war. Yang is a former foreign minister and special representative for boundary talks with India. It is expected that impasse at the Line of Actual Control will be the key item on the agenda for the meet, said people aware of the matter.

Massive Entertainment has been at the helm of Ubisoft's ambitious open-world Star Wars project, known as "Star Wars Outlaws," which was officially revealed during the Xbox Summer Games Fest 2023. Initially codenamed «Project Helix,» the game has undergone playtesting and is set in the beloved Star Wars universe.

NEW DELHI : Former diplomat and current US-India Business Council (USIBC) chief, Atul Keshap, emphasized the importance of India-US defence cooperation and the need for joint efforts to develop a defence industrial base in India. Keshap, who was the top American diplomat in India in 2020, identified advanced technologies and cybersecurity as target areas for cooperation between the two nations. Additionally, emerging initiatives such as INDUS-X, which seek to boost collaboration among startups, will be a key focus, he said.

A woman from Terakhongsangbi Laithel Maning Leikai was injured in one of the attacks. Police and Central forces have immediately rushed to the areas and controlled the situation and repelled the miscreants.Manipur police’s Cyber Crime branch on Sunday registered a case for spreading false news with intent to cause injury, damage to his reputation and create serious breach of law and order, officials said.

Vodafone Idea (Vi) has failed to renew some lapsed bank guarantees (BGs) — some as low as Rs 99 lakh — and sought more time from the Centre to replenish them, underscoring the precarious financials at the debt-laden telco that is continuously losing subscribers to two of its bigger rivals. «Due to our weak financial position, we are not in a position to issue replacement BGs of Rs 99 lakh and Rs 32.49 crore as this requires 100% cash margin to be provided to the banks,» Vi said in a letter dated July 7 to the Controller General of Communication Accounts (CGCA-revenue wing) in the Department of Telecommunications (DoT). The telco also said it has been unable to renew additional BGs of undisclosed sums issued by Kotak Mahindra Bank due to its continuing financial constraints. ET has seen a copy of the letter. Kotak's BG exposure to Vi, at present, is within Rs 10 crore, a person aware of the developments told ET.