Platform Financial News

Chinese professor that the country's youth unemployment rate might have hit close to 50% in March has revived a debate about official statistics and focused attention on a weak labour market. The National Bureau of Statistics said that month's jobless rate for people between the ages of 16 and 24 was 19.7%, less than half of what Peking University professor Zhang Dandan estimated. If 16 million non-students «lying flat» at home or relying on their parents were included, the rate could have been as high as 46.5%, Zhang wrote in an online article in Caixin, a respected financial magazine.

Maamannan', directed by Mari Selvaraj is all set to release on OTT platforms after its successful theatre run. The movie stars, Vadivelu, Udhayanidhi Stalin, Fahadh Faasil, and Keerthy Suresh in the lead roles. The movie revolves around the father-son duo, Maamannan, and Veera, and the story follows them as they tackle the obstacles put forth by their rival, Rathnavelu, to establish his control in politics.OTT Release Date 'Maamannan' will release on Netflix on July 27, 2023.Netflix India announced the release date on its official social media handles.

«I do not know much about how it will make such a big difference to Zerodha, but to the financiers, it will. Because these guys are themselves selling what 50-60% of smartphones or phones, and they are selling their own televisions and everything else through their own network,» says Samir Arora, Helios Capital.We got a unique listing today. When I say not listing, but a price discovery of Jio Financial Services. What do you think would be the medium to long-term implications of this because Reliance is giving birth to a business which is backed by technology, which is backed by scale and they have advantage of data and reach. What implications do you think this could have on the lenders, the distributors, and even, for that matter, platform companies like Zerodha and Policy, PB Fintech? I do not know much about how it will make such a big difference to Zerodha, but to the financiers, it will.

Goel Ganga Developments has ventured into the rental segment to offer last-mile support to people looking out for a place to rent in Pune. The new venture called Goel Ganga Rent Easy is a full-stack platform, which also has separate verticals for buying and selling properties. The rental market is considered as growing segment in Indian real estate as in most of the major cities in India, close to 35% of the inhabitants prefer to rent out a space.

Decarbonisation of buildings is a key imperative to achieve the national net-zero goals, as buildings contribute nearly 40% of global emissions. In a conversation with ET Digital, Vijay Sankaran, vice-president and chief technology officer at Johnson Controls, says climate change is the most urgent challenge of our time and the answer to that lies in systemic digitalisation of buildings as well as using cloud, edge and AI to unite, automate and optimise systems.

streaming service Netflix said it has started cracking down on password sharing in India, along with other markets including Kenya, Indonesia and Croatia. Subscribers from only a single household would be able to access an account. This comes after Netflix in May, started rolling out a ban on password sharing worldwide.

Amur S Lakshminarayanan, MD & CEO, Tata Communications, says “digital products and platforms came with a lower margin at the gross margin level and this was again as per the industry norm and this is to be anticipated and that mix effect as a proportion of core connectivity reduces and the proportion of digital revenue goes up, it puts pressure on the gross margin level.”Tata Communications’ margins have continuously been falling. From 25.5% which we saw about four quarters back, it is now down to 21.5%. Is that because of the Switch acquisition being incorporated in the books?No, the margin falling is not purely because of the acquisition.

Dusminute has raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures. The funds will be utilized to drive Dusminute’s growth in Bangalore. The round has seen participation from multiple existing investors and industry veteran angel investors syndicated by an angel investor and banker Bandana Kankani.

Location: Georgia, US and, Bangalore, India Now you can claim all the top spots in Google thanks to OutreachZ, the industry pioneer in guest post services. With an extensive network of 15,000 influential bloggers across 20 niches, they offer unparalleled customization options to meet your specific needs. Backed by a decade of experience and a dedicated workforce, they have fostered invaluable relationships with top-ranking publishers.

Location: US, Georgia OutreachZ.com is a dynamic self-service platform connecting backlink seekers with willing webmasters. It empowers SEO professionals seeking autonomy by allowing them to choose blogs for content publication based on industry metrics like DA and DR. The platform solves blogger outreach challenges through its user-friendly interface, saving time and effort by pre-vetting bloggers.

eFlair Webtech is one of the top-rated web developers in the USA. They are a custom web design and development company with a focus on high performance and user-friendliness. Based in Georgia, eFlair Webtech was established in 2011.

MPs on Thursday submitted suspension of Business Notice in Rajya Sabha and adjournment motion notice in Lok Sabha to discuss ongoing violence in Manipur. This comes a day after a May 4 video showing two women being paraded naked by some men in Manipur surfaced on social media.  The monsoon session of the Parliament will commence today, and it is expected to be a stormy one.

The price of Bitcoin (BTC) is hovering just below the $30,000 mark. The cryptocurrency has encountered strong resistance at this level, prompting speculation about its future price movements. 

Q1 results today: Despite concerns of global slowdown, Indian companies managed to deliver strong quarterly results in the previous quarter.  Hence, market is expecting some better numbers from Dalal Street listed companies as in April to June 2023 quarter, Indian GST collection has remained robust and it has delivered better than expected GDP numbers as well. In fact, Indian economy has managed to keep the inflation under control as well.

Streaming giant Netflix announced on Wednesday that its crackdown on password sharing has been a huge success, resulting in an additional 5.9 billion subscribers. Netflix ended June with 238.4 million subscribers worldwide, and the company expects similar subscriber growth for the July-September period. The nearly 6 million subscriber jump is Netflix's best second-quarter performance since adding 10 million subscribers in 2020, under drastically different circumstances.

WhatsApp in a tweet. As per Meta's status dashboard, the company had previously acknowledged experiencing disruptions with "receiving incoming messages and message delivery on WhatsApp." However, they have now resolved the issues reported by thousands of users globally, as stated on Downdetector.com, the outage tracking website. Downdetector, the outage tracking website, revealed that during the incident, there were over 37,000 reports of issues with the messaging service in the United States alone.

ANI citing government sources, “It is imperative for social media platforms to adhere to Indian laws as the matter is currently under investigation." The shocking incident of two women being stripped and paraded on a village road came to light only on Wednesday in a viral video. Eyewitnesses to the incident express their disillusionment, stating that neither the state nor the central government seems equipped or motivated to effectively address the situation, leading to a sense of hopelessness among the people.

Mukesh Ambani’s telecom customers used up nearly six times as much data last quarter. As the billionaire businessman targets his 428 million subscribers with a new 5G service and seeks to lure another 300 million feature-phone users to smartphones, the challenge facing him has changed. When he was starting out six years ago, how to sell data in a developing country was the big issue.

«I think valuations and near-term performance are quite discouraging. From that point of view, the best way to play the healthcare sector would be through the hospitals. Of course, Apollo Hospitals is one of our investments as a matter of disclosure,» says Dipan Mehta, Director, Elixir Equities.Beyond the likes of SBI which are the other stocks from the PSU banking space that you would look at favourably? I think across the board, PSU stocks have been doing well.

«This is a big step from the entire group of Reliance Industries, having been successful on the retail and the telecom piece, they have really got on the retail side of the country's demand significantly,» says Sunil Shah, Veteran Fund Manager.Have you looked at the scheme of arrangement at Reliance Industries just for the sake of understanding the business model, their foray in Jio Financial and the way the stock has been? Jio Financial, of course, value will be decided but will you look at it later?This is a big step from the entire group of Reliance Industries, having been successful on the retail and the telecom piece, they have really got on the retail side of the country's demand significantly. And as a country, as we progress from about $2800 per capita to about $5000 over the next six-year journey, I think finance itself is going to be a big part of Indian consumer spend.Leverage and borrowing is no longer a bad word.

Chinese business travelers will be able to buy air tickets using the digital yuan, as the nation’s central bank digital currency (CBDC) pilot takes flight.