Platform Financial News

stock market indices setting record highs, shares of two Gurugram-based new-age companies, Zomato and PB Fintech, touched 52-week highs on Thursday. The two stocks outperformed their new-age peers Delhivery, One 97 Communications (Paytm), FSN Ecommerce (Nykaa), and CarTrade Tech, which were trading off their yearly highs. Food and grocery delivery platform Zomato traded at its highest price in the last year at ₹84.50 before paring some gains to close at ₹82.35 on the BSE, 6.3% higher than its last close.

Yubi, which is set to separate from parent Vivriti Capital, has been valued at $1.5 billion following a secondary share sale, two people in the know told ETtech. Chennai-headquartered non-banking finance company Vivriti Capital currently owns just under 50% of Yubi. A secondary sale is one where an existing shareholder liquidates part of his shareholding by selling some shares either in the open market or to promoters.

Netflix has been pushing several original movies to the platform lately, and it’s safe to say that this year has been a busy Netflix calendar. In case you missed any movie on Netflix released thus far, no issues, just go through this list and high chances you will find it along with release date.

Netwealth’s shares soared more than 5 per cent after the investment platform reported record gross inflows and a 26.3 per cent jump in funds under administration to $70.3 billion at the end of the financial year.

NEW DELHI : Goods and services tax (GST) authorities will attempt to recover the tax demands made to a few online gaming platforms, including Gameskraft Technologies Pvt. Ltd only after the Supreme Court (SC) gives its final verdict on the tax dispute, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said in an interview. The GST Council’s decision to clarify that online gaming platforms attract 28% GST seeks to make clear the legislative intent of the tax regime applying to these entities, Johri said.

New Delhi: India and the US are working together to ensure that there is not disruption in the global clean energy supply chain, said Bhupinder Singh Bhalla, secretary, union ministry of petroleum and natural gas. Addressing the US-India Energy Summit: ‘Partnering for a Sustainable Future’, the official noted that the recently announced US-India New and emerging renewable energy technologies action platform would help in reducing the cost of green hydrogen production as per the respective green hydrogen strategies of both the countries.

Investing.com — With U.S. inflation data and rate hike concerns baked into the cake, OPEC did a grandstanding Thursday on its demand forecast for the current year and next to show all was hunky and dory with the oil market. 

Fractional real estate ownership platform hBits has received regulatory approval from the Securities and Exchange Board of India (SEBI) to raise over Rs 500 crore through a category II Alternative Investment Fund (AIF) for commercial real estate investments across India's key markets. The tech-enabled platform is also setting up a feeder fund--the Global Investors Feeder Trust (GIFT)--based out of GIFT City to cater to foreign investors. This will be the first such fund raised from investors including global institutions by any fractional ownership platform in India.

The firing of five top executives at Thrivent Advisor Network Wednesday has raised questions about the future of the four-year-old platform made up of 25 advisory businesses that combine for $5 billion in client assets.

second spotcontinued between Hyundai Motor and Tata Motors.     This was a particularly rainy week in northern India, with loss of lives and property reported in multiple states, especially the hills.Delhireceived 40% of its seasonal rainfall in just a two-day period. Till 30 June, the monsoon deficit for the entire country was 10% of the long-period average.

CHENNAI : The quality of our higher education, and resultant employability of young people, has been a topic of tempestuous discussions for several decades. About 20 years back, IT industry body NASSCOM said that only 25% of engineering graduates were readily employable in the technology industry. While there were debates on the methodology adopted to arrive at this number, the findings set the tone for serious introspection among different stakeholders—the government, academia, industry, parents, students and trade bodies.

By Jody Godoy

Japan with a vibrant crypto scent — but Japan is one of the many countries that took a proactive approach towards fostering Web3 after realizing its potential worldwide. In order to retain its talent at home and create a better infrastructure for adoption of virtual digital assets, Japan has undertaken a number of regulatory steps. Amid the global turmoil caused by the volatile crypto ecosystem and its consequential effects on users, Japan has proactively introduced preemptive measures to tackle these challenges and maintain a competitive edge. From the very beginning, it supported builders and creators in Web3 suggesting that the country is enthusiastic about the growing ecosystem and it was not just due to a vast user base. It has been tweaking regulations on a rolling basis to address challenges faced by users or other stakeholders and working towards the best interest for all parties with a dedicated ‘resolution team’. Its progressive attitude towards integration of blockchain is what has made it stand apart. From government backed Metaverse offices, to corporates like Mitsubishi, Fujitsu, Rakuten foraying in the space, Japan’s efforts reflect the concentrated approach at winning the Web3 revolution after the missed opportunity in Web2.

Alex Mashinsky, the former chief executive of Celsius Network Ltd., was accused by prosecutors of orchestrating a years-long scheme to mislead customers about the financial health of his failing crypto lender and manipulate cryptocurrency prices for his own profits. 

Google’s Bard artificial intelligence chatbot will answer a question about how many pandas live in zoos quickly, and with a surfeit of confidence. Ensuring that the response is well-sourced and based on evidence, however, falls to thousands of outside contractors from companies including Appen Ltd. and Accenture Plc, who can make as little as $14 an hour and labor with minimal training under frenzied deadlines, according to several contractors, who declined to be named for fear of losing their jobs.

Stocks that are trading heavily or have substantial price changes Thursday: Trade Desk, MillerKnoll rise; CryoPort, Fastenal fall

Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts — including securities fraud, commodities fraud and wire fraud — while Celsius' former chief revenue officer, Roni Cohen-Pavon, was charged with four criminal counts, according to the indictment, which was unsealed on Thursday.

Amazon.com's Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts on the e-commerce platform, Adobe Analytics data on Thursday showed. Shoppers spent $6.3 billion on the second day of the shopping extravaganza.

Investing.com -- The bankrupt cryptocurrency lender Celsius Network has been fined $4.7 billion and permanently banned from handling consumers' assets by U.S. trade regulators, while three of its former executives were charged with duping into transferring their digital tokens into the platform.

Morgan Stanley raised the price target for Alphabet (NASDAQ:GOOGL) to $150 from $140 and Meta Platforms Meta Platforms (NASDAQ:META) to $350 from $300 in a note Thursday, maintaining an Overweight rating on both stocks.

China has joined the global rush to generative artificial intelligence, boasting close to 80 AI models from firms like Baidu and Alibaba and startups attracting almost $14 billion of funding over the last six months. But unlike in the West, where OpenAI's ChatGPT has attracted more than 100 million monthly users whose inputs help it to learn from to constantly refine and improve its product, no Chinese AI chatbots have been made available to the general public.