Platform Financial News
12.07 / 10:01
UPS
Career
CEO
Platform
Strategy
Nearly 6 out of 10 managers looking to leave jobs; workplace benefits critical to retention: Report
Here’s the irony: about 81% of leaders surveyed in The Grand Manager and Workplace Report by upGrad-led online learning platform Harappa say that managers are indispensable to achieving financial objectives, deploying strategy and driving success. Yet, managers aren’t happy. The main reasons contributing to this frustration are career stagnation (73%), lack of recognition (71%), and feeling overworked (68%), says the survey that draws insights from over 3800 managers (including early and seasoned) in Corporate India, and focuses on the aspirations, burdens, and challenges faced by managers in India. Additionally, 250 individual contributors, 250 HR professional and 500 senior leaders were also surveyed. 81% of managers look at monetary incentives as key to staying motivated, the report found. About 57% also seek autonomy to make decisions at the workplace and 52% would like public recognition for the work they do. Other wants, lower in the pecking order, include purposeful work, career advancement opportunities, building networks and impacting lives. 74% managers say they want to be trained to perform in this role.
12.07 / 09:41
Microsoft
Google
CEO
Platform
Persona
Risk of AI is real but…, Bill Gates on how to tackle challenges thrown by new technologies
OpenAI's chatbot, ChatGPT. OpenAI is supported by Microsoft, while Google has introduced its own AI, Bard AI. Also read: Artificial intelligence lashes at the doorstep of films, entertainment Several companies, including Salesforce, Spotify, and Snap, have integrated AI into their products or services.
12.07 / 09:41
UPS
Provident
Cooper
Platform
Fighting
Enterprise
Will Japan fight?
alliance between America and Japan would face several tests. If America came to Taiwan’s defence—itself hardly a given—it would need approval from Japan to use its bases there, which host 54,000 American troops. Would Japan accede? China might offer not to harm Japan if it refused.
12.07 / 09:41
Reuters
Booking
Microsoft
Google
Platform
TikTok
Meta Platforms
expansion
Copyright
Google faces lawsuit over copyright infringement, data scraping for AI expansion
OpenAI in June. Clarkson's firm asked the court to allow the plaintiffs to remain anonymous in both cases, citing violent threats reportedly received by individuals filing similar lawsuits The lawsuit filed on Tuesday claims that the company could owe at least $5 billion.
12.07 / 09:39
COST
Provident
Platform
AMAT
surges
SCORP's Presale Surges Past $500k: Don't Miss Out on the Latest Passive Income Phenomenon
The presale for SCORP recently surged past the $500,000 milestone as investors pile in to get positioned in the latest passive income phenomenon that shares platform revenues with holders.
12.07 / 09:11
Twitter
Platform
Action
Shah Rukh Khan fondly referring to 'Jawan' composer Anirudh as 'beta' has Twitter in a tizzy
Shah Rukh Khan fans are eagerly awaiting the release of his next action extravaganza ‘Jawan’. Ahead of the movie’s release, an adorable interaction between King Khan and Anirudh Ravichander, the music composer of ‘Jawan’ has gone viral on Twitter. The composer shared the teaser of the movie on his Twitter handle and wrote, “Dreams do come true and how! We make our debut with none other than the King @iamsrk. Thank you sir and thank you my dear brother @Atlee_dir.” Reacting to the tweet, the ‘Pathaan’ star left a sweet message for the music director. He wrote, “Love you to the moon ( because it can be seen only at night ) and back beta. Will miss our Vampire nights!!” Ravichander reacted to the post and wrote, “Love you, and thank you, sir.” The interaction has gone viral on the microblogging platform, amassing almost a million views (907K views) and 26K likes. Netizens gushed over the superstar referring to the composer as ‘beta’ (meaning ‘son’ in Hindi). One Twitter user wrote, “It hits different when sir calls someone beta!” Another gushed, “It’s beyond adorable when he says ‘beta’!” Another commented, “His ‘beta’, and ‘lil one’ always makes me emosh, he is such a dad!” The ‘JawanPrevue’ (teaser) also included a clip of King Khan walking in slow-motion wearing a tight red shirt and black pants to the upbeat introduction song composed by Ravichander.
12.07 / 08:41
Blockchain
Ethereum
Provident
Progressive
Platform
Gap
Remark
AI Pioneers: InQubeta (QUBE) and Fetch (FET) Eye Prominent Spot Among Crypto's Elite
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
12.07 / 08:33
Provident
Target
Cooper
Manufacturing
Platform
Orange
Bubble in defence and drone stocks?
a heat map for defence stocks. So, are defence stocks in Indiacurrently overvalued? To understand this, let's take a look at Israel. When the state of Israel was founded, the country desperately needed trading partners.
12.07 / 05:35
UPS
ETF
SEC
Platform
coinbase
CBOE
Bitcoin
Exchange operator Cboe, Coinbase to partner for bitcoin market surveillance in ETF push
Cboe Global Markets has filed amended applications to list and trade shares of three spot bitcoin exchange-traded funds, including one by Fidelity, to add surveillance-sharing agreements with crypto-trading platform Coinbase. Shares of Coinbase closed up 9.8% at $89.15 on Tuesday and hit their highest level since Aug.
12.07 / 05:35
IPO
Provident
Ball
Platform
Action
Mobile
Financial
New policy won't have any major financial impact on our performance: Nitish Mittersain, Nazara Tech
«Basis this new policy, there will be some impact and I am sure our teams, as well as the industry will work very closely to mitigate as much impact as we can over here,» says Nitish Mittersain, Nazara Tech.You have clarified that it us about 5.2% of your overall revenue on skill based gaming. So take us through the impact on Nazara. As you know, this has just been announced yesterday. And it us a bit early for us to be able to define impact on our skill based real money gaming business.
12.07 / 05:25
Citi
IPO
Booking
Platform
Senco Gold IPO: What GMP signifies after finalisation of share allotment
subscription in total. The public issue was subscribed 16.28 times in the retail category and 190.56 times in the Qualified Institutional Buyers’ (QIB) category. The Non-Institutional Investors’ (NII) portion was booked 68.44 times.
12.07 / 05:01
UPS
Digital
Progressive
Platform
Racing
Delta
Nazara Tech, Delta Corp shares tumble up to 14% after GST increase
Nazara Technologies tumbled over 14% while those of Delta Corp hit the 10% lower circuit in Wednesday's trade after the GST Council, headed by Union Finance Minister Nirmala Sitharaman, gave the nod to levy 28% GST on online gaming, horse racing and casinos at full value at the 50th meeting of the GST Council held in Delhi. In a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monies paid by users. Moreover, GST on online gaming will be imposed without any differentiation of whether it's based on skill or chance.
12.07 / 04:35
UPS
Lowe's
Platform
Pool
POT
What will be the impact of increase in GST on gaming industry? N Jayakumar answers
«Any industry in the world that can operate at 28% that is a question that you need to ask yourself, which industry and here what is happening when two people contribute Rs 100 each, literally instantly Rs 56 is taken away from the pool, there is no business in the world that gives you the ability to pay out Rs 56 on 200 or 28% in minute one and yet be productive or yet be able to operate in any manner, shape or form,» says N Jayakumar, MD, Prime Securities.I am just taking a leaf from what Ashneer Grover actually tweeted saying RIP, he is saying real gaming industry if the government is thinking people will put in 100 to play on 70 pot entry it is game over for the gaming industry. What are your thoughts on the same?I think it is a pretty straightforward thing that earlier on what used to happen just to put this in the context of the current practice was that if two persons, should I say put in Rs 100 each in order to play a game, on their winnings the platform would actually pay out 18% as GST which means that if the platform earned 15% on 200 which was say Rs 30 and on Rs 30 they would end up paying 18% which is 5.4 as GST.
12.07 / 02:59
Platform
Wipro commits $1 billion investment into AI
Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years.
12.07 / 01:15
Twitter
Reuters
Platform
Action
Align
Reddit
Immunic
Reddit triumphs as WallStreetBets founder's lawsuit crumbles
Reddit. The founder, Jaime Rogozinski, had accused Reddit of unjustly banning him from moderating the community and infringing on his trademark rights, Reuters reported. According to Rogozinski, Reddit removed him in April 2020 to prevent him from controlling the renowned brand that contributed to Reddit's substantial valuation of $10 billion by late 2021.
12.07 / 01:15
Digital
Platform
Mobile
Discover
DNA
Finance Ministry employee arrested on espionage; ‘Classified information’ passed to Pakistan
India Today, the arrest took place in the Crossings Republik area after receiving information from the Intelligence Bureau. The First Information Report (FIR) states that Naveen Pal shared classified information about the finance ministry and the G20 meeting with an individual in Karachi, Pakistan. Investigation into the case revealed that Naveen Pal communicated the information through the messaging app WhatsApp.
12.07 / 00:51
COST
UPS
Platform
ANZ
end
Rupee and bonds rebound on hopes Fed nearing end to hikes
bonds and the rupee have staged a smart recovery as concerns over how much higher US interest rates may head have been soothed by a lower-than-anticipated American jobs number and comments by Fed officials hinting at the end of tightening. Yield on the 10-year benchmark government bond has eased 7 basis points from its close of 7.16% on Friday, largely tracking a steep fall in US government borrowing costs. Bond prices and yields move inversely.
12.07 / 00:51
UPS
Provident
Digital
Cooper
Platform
Software
Indian
regulatory
Indian fintech regulatory companies make a mark on global stage
Companies like digital identity verification services provider IDfy, digital signature services company EMudhra and Signzy, which offers online identity verification, are looking for business opportunities in the Middle East, Southeast Asia and even the Americas. Besides these players who are commonly clubbed under regtech, or tech companies operating in the regulatory domain, other software-led fintechs are also looking outside India. Spocto, a debt-collections platform which is owned by fintech unicorn Yubi, has opened operations in Dubai.
11.07 / 20:50
Target
Digital
Platform
Mobile
Bank of Baroda denies officials inflated mobile app registrations
Mumbai: India’s second largest state-owned lender Bank of Baroda on Tuesday denied its officials used phone numbers of strangers to inflate registrations on its mobile banking app bob World. A report by Al Jazeera alleged that bank officials linked bank accounts to unrelated mobile numbers in order to achieve stiff onboarding targets. The report cited internal emails of the bank to state that that branches were asked to conduct a “discreet inquiry" into the issue and to recommend whether those mobile numbers should be withdrawn. “The bank has a current mobile banking activated user base of 30 million customers, all of whom are linked to a unique mobile number seeded with their bank account," a spokesperson for Bank of Baroda said in an emailed statement. The spokesperson said a fully system-authenticated and customer consent-based process has been and is currently being followed for undertaking any mobile banking app registrations in the bank. Bank of Baroda’s app has seen its base of activated users grow from 19.6 million in FY22 to 30 million in FY23, as per data available on its investor presentations.
11.07 / 20:50
UPS
Platform
Action
Stiff tax on gross revenue spooks online gaming cos
NEW DELHI : The Goods and Services Tax (GST) Council on Tuesday decided to tax online gaming companies at 28% of their gross revenue, or full face-value of transactions and entry fees paid by gamers, disappointing an industry that has lobbied for months to be taxed on its profit rather than revenue. Online gaming firms have so far paid 18% GST on their net profit. Alongside the new tax regime, Union finance minister Nirmala Sitharaman said at a press conference after the GST Council’s 50th meet that online gaming services “are not actionable claims".
11.07 / 20:49
Provident
Digital
Aware
Platform
Amit Shah to address inaugural session of G20 meet on crime, security on 13 July
New Delhi: Union Home Minister Amit Shah will address the inaugural session of the G20 conference on crime and security to be held in Gurugram on July 13, the ministry of home affairs said in a statement. The two-day 'G20 Conference on Crime and Security in the Age of Non-Fungible Tokens (NFTs), Artificial Intelligence and Metaverse' will bring together over 900 participants from member countries, nine special invitee countries, international bodies and technology leaders and domain experts from India and across the world, it added.
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