Platform Financial News
23.07 / 18:11
COST
Amazon
Platform
Tencent
Deal
Amazon deal off; MX Player eyes funding
₹1,000 crore, before foraying into the video streaming space. It was relaunched as an ad-supported video streaming application. The firm raised around $111 million in a funding round led by Chinese Internet giant Tencent in 2019, has not been able to generate enough cash for a while to fund its expansion.
23.07 / 18:11
Provident
Twitter
Platform
LinkedIn
Instagram
social
Using social media to help taxpayers
tax rates to easing compliances, these reforms have fundamentally changed the approach of the Central Board of Direct Taxes (CBDT) towards taxpayers — an approach marked by trust, transparency and responsiveness. The broad trends of number of income-tax returns (ITRs) filed as well as the direct tax collections over this period have vindicated this trust-based approach. A major enabler of this success has been CBDT's embrace of technology to not only simplify compliances but to also identify potential cases of tax evasion through data analytics.
23.07 / 18:11
23.07 / 16:11
Provident
Target
Digital
Platform
Mobile
composer
country
India should combat loan sharks online with effective regulation
Congratulations! Your loan application for an amount of INR x,xx,xxx/- has been approved. Simply click on the provided link to receive the funds directly into your account, hassle-free, and with no need for tedious paperwork or any additional processing fees." This message flashed on Rahul’s phone, filling his heart with hope. Desperate to provide for his ailing mother, he saw this as a lifeline.
23.07 / 16:11
Twitter
CEO
Platform
Mobile
Remark
social
blues
elon
Elon Musk reveals new name for Twitter; Tweets to be renamed ‘X’
Elon Musk Sunday said he plans to rebrand the platform and do away with the iconic brand logo. “And soon we shall bid adieu to the Twitter brand and, gradually, all the birds. If a good enough X logo is posted tonight, we'll make go live worldwide tomorrow", Musk tweeted.
23.07 / 14:55
23.07 / 13:37
Citi
Twitter
BLOCK
Booking
Platform
electronic
Bengaluru Police arrests a 'real sicko' after woman alleges Rapido driver masturbated while driving
Bengaluru Police today arrested a Rapido bike driver after a woman alleged that he masturbated during a ride while also harassed her on WhatAapp even after dropping her at the destination. After the woman posted about the incident on Twitter, Bengaluru Police promptly responded. «FIR has been registered in Electronic City PS and the accused has been arrested,» the police tweeted.
23.07 / 12:39
Blockchain
Provident
Waves
Platform
IOTA
track
Future
IoT
InQubeta, IOTA: 2 Projects that will Shape Future of Crypto, AI, and IoT
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
23.07 / 12:23
COST
Digital
Amazon
Platform
Sony
500
Sony announces ₹7,500 discount on PlayStation 5: When and where to buy
PS5 will soon receive its most significant discount to date. Japanese tech giant Sony has announced a flat discount of ₹7,500 on the PlayStation 5 disc version in India from July 25 to August 7. This promotion will be available at all participating retailers.
23.07 / 12:23
Digital
CEO
Platform
Strategy
Mercedes-Benz
Centre
China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says
FRANKFURT (Reuters) — Mercedes-Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche.
23.07 / 12:23
23.07 / 11:51
COST
UPS
Platform
show
country
Portal
MCA21 portal receiving more forms this year than a year ago: ministry
New Delhi: More corporate filings are being made in the revamped version of the MCA21 portal this year than in the year before, the ministry of corporate affairs said in an official update. Since the beginning of April 2023, upto 16 July, over 168,600 forms for incorporating companies have been filed, which is higher than the previous year's count of 148,188 in the same period, the ministry said.
23.07 / 11:37
UPS
Platform
Mobile
Harley-Davidson
BMW
classical
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield's India reign
Harley-Davidson and British rival Triumph have revved up India's premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield. The duo surprised the industry this month by unveiling their cheapest models globally in the largest motorbike market by sales, where their expensive imports have long struggled for market share. This time, they are making the bikes in India with domestic partners to bring prices below Rs 2,33,000.
23.07 / 10:55
23.07 / 10:19
UPS
Target
BLOCK
Waters
Manufacturing
Platform
Indian
International
Indian market growing at good pace; international blueprint by FY25: Boat cofounder Aman Gupta
India is growing at a good pace, driving incremental revenue and production ramp-up plans for Boat, and the company's international blueprint will be set in motion only from FY25 onwards, its cofounder Aman Gupta has said. The overseas plans are currently in the making, but for now, the company is determined to cement its position in the smartwatches segment, its biggest focus this year. «For this year, our focus is not international...we are putting (building) blocks so that by next year, we should start looking at international...This year, we are trying to test the waters with some markets,» Gupta told PTI.
23.07 / 10:11
Provident
Target
Williams
Platform
Strategy
Pool
country
private wealth
EQT launches local private wealth strategy, Zurich bigwig flies in
In a little over three years, EQT has gone from zero to some $8 billion in deals around the country. Now the Swedish private equity firm is growing again, launching its first private wealth fund in Australia.
23.07 / 09:43
COST
UPS
Digital
CEO
Platform
Software
Newgen Software sees 20% topline growth in FY24; to hire from campuses
Newgen Software Technologies is «confident» of about 20% topline growth for FY24, backed by resilience of its focus markets like India and Asia Pacific which are growth drivers, a top official said. The company is looking at hiring about 400-500 people from campuses this year to meet its business requirements, having fulfilled its commitment of timely onboarding of campus recruits last year, Virender Jeet, CEO of Newgen Software, told PTI. Unlike many IT services companies that are facing macro headwinds in their primary markets of US and Europe, Newgen focuses on emerging markets, which offer plenty of headroom for growth, are underserviced and keen to bolster their digital play.
23.07 / 08:53
UPS
Provident
FIVE
Platform
Mobile
Enterprise
REC
Financial
PMI Electro Mobility signs pact with REC for financial assistance worth Rs 480 crore
PMI Electro Mobility on Saturday said it has signed an agreement with public-sector enterprise REC Limited to provide finance for its commercial EVs. PMI Electro Mobility MD Satish Jain said the signing of the memorandum of understanding (MoU) took place during the "Green Finance" Summit organised by REC Limited (formerly Rural Electrification Corporation) on the sidelines of the Clean Energy Ministerial and Energy Transition Working Group Ministerial meeting, which culminated on Saturday.
23.07 / 07:57
UPS
Progressive
Platform
show
Power
Spain votes in election that could see Socialists lose power
election that could see Prime Minister Pedro Sanchez's governing Socialists lose power and a far-right party make up part of a new government for the first time in 50 years. Voting opened at 9 a.m. (0700 GMT) and will close at 8 p.m.
23.07 / 07:57
Platform
country
Natural gas prices down over 70% in 1 year. Decoding the bad news
natural gas prices shed more than 70 per cent in the last 12 months, influenced by a complex interplay of supply and demand dynamics shaped by geopolitical events, weather patterns, technological advancements, and global economic conditions. In the key US NYMEX futures platform, prices have been struck at $2-3 mmbtu levels since the start of the year. Similarly, after hitting an all-time high of Rs 801 in domestic MCX futures, prices plummeted sharply, trading below Rs 250 levels throughout the period.
23.07 / 07:57
UPS
Target
BLOCK
Waters
Manufacturing
Platform
Indian
place
Indian mkt growing at good pace; overseas plans to be in place FY25 onwards: boAt's Aman Gupta
India is growing at a good pace, driving incremental revenue and production ramp-up plans for boAt, and the company's international blueprint will be set in motion only from FY25 onwards, its co-founder Aman Gupta has said. The overseas plans are currently in the making, but for now, the company is determined to cement its position in the smartwatches segment, its biggest focus this year. «For this year, our focus is not international...we are putting (building) blocks so that by next year, we should start looking at international...This year, we are trying to test the waters with some markets,» Gupta told PTI.
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