Platform Financial News

When U.S. investors like Chicago-based Harris Associates started bailing from troubled Credit Suisse earlier this year, one giant global investor doubled its holdings to become the bank’s second-biggest shareholder after the Saudi National Bank.

1) Company overview The company offers integrated services in the areas of facility management and payroll management.2) Industry overview The growing penetration of the Internet of Things (IoT) majorly drives the global market and coinciding with it is the rising demand for integrated services in facility management, such as energy management, maintenance, and repair, to maintain a safe and efficient facility while reducing the costs associated with downtime and repairs.3) Issue size The IPO is entirely a fresh equity issue of up to 30.86 lakh shares, aggregating up to Rs Rs 20.68 crore4) Price band The company will offer its shares at a price band of Rs 63-67 apiece, and investors can bid for 2,000 shares in 1 lot.5) Financial performance For the period ending January 2023, the company has recorded revenues of Rs 132 crore, and net profit of Rs 3.02 crore.6) Objects of the offer The net proceeds from the public offer will be used to meet working capital of the company, general corporate purposes and other public issue related expenses.7) Booking running lead managers Swastika Investmart is acting as the lead manager to the issue, while Integrated Registry Management Services is the registrar.8) Issue structure About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors.9) Important dates The IPO opens on July 14 and closes on July 18. The final allotment will be made on July 21.

Online gaming industry stakeholders on Tuesday termed the 28% GST on the full value of gaming as «unconstitutional, irrational and egregious», saying that the move is a self goal that will kill the skilled online gaming sector in the country. The 50th GST Council has announced its decision to levy a 28% GST on online gaming, along with horse racing and casinos which comes as a drawback to online gaming companies. The GST will be applicable to gross revenue/total prize pool.

₹100 to play on ₹72 pot entry (28% Gross GST); and if they win ₹54 (after platform fees)- they will pay 30% TDS on that - for which they will get free swimming pool in their living room come the first monsoon - not happening ! It was good fun being part of the fantasy gaming industry - which stands murdered now. $10 Bn down the drain in this monsoon.

Data protection is a cross-cutting legal regime. Since it applies to every entity that collects and processes personal data, its principles tend to superimpose themselves on top of other legislative frameworks—increasingly so, as more and more businesses go digital. The unavoidable outcome of all of this is that traditional regulators are beginning to engage with data protection issues in ways that they previously never had cause to.

Each year, the amount of data generated across the globe is growing exponentially. From the explosion in the use of digital tools in the workplace to the ever-growing use of Internet of Things devices, social media, online gaming, e-commerce and other digital platforms, each day sees the creation of a massive amount of data that needs to be stored securely and efficiently. 

A showdown is underway between America’s tech giants Facebook and Google and Canada because Ottawa is finally going to force them to pay for copyrighted content produced by Canadian media companies that they have stolen for decades. Bill C-18 is Ottawa’s version of what Australia pulled off in 2021, which has been very successful.

European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse — shared virtual worlds accessible through the internet — and to prevent Big Tech dominating a nascent sphere that could boost economic growth. The EU initiative comes as Facebook owner Meta Platforms, Microsoft and Apple work on metaverse products or services, prompting fears that the companies may get an unfair advantage over smaller rivals.

Ncuti Gatwa has confirmed that he will portray Doctor Who in its Season 15. Most interestingly, the actor revealed this information to ‘Doctor Who’ lead Matt Smith in a drunken condition. Gatwa is most likely to portray the next incarnation of the sci-fi series' central Time Lord in David Tennant's Fourteenth Doctor in a seasonal episode. Talking to ‘Rolling Stone UK’, he said that he had a chance encounter with Eleventh Doctor actor Smith at a party. He talked to him in an inebriated condition and said that he was following in his footsteps. It was a hint that he would portray the character of Doctor Who, which was played by the actor earlier. Gatwa also told Smith that he had seen ‘Sex Education’ and became his fan after watching his portrayal of Eric. Jodie Whittaker and Peter Capaldi also praised the new Doctor Who. Other actors who have played Doctor Who have praised the selection of Gatwa as the lead character of the show. Colin Baker, Paul McGann, and Christopher Eccleston have supported Gatwa on their social media platforms. Sylvester McCoy has issued a video praising Gatwa. Though Gatwa met Smith accidentally and hinted at his role in Doctor Who, the actor praised him. Other and earlier actors portraying Doctor Who have set a positive note for the sci-fi series. People ad experts are waiting for Gatwa’s debut as Doctor Who.

While the Group of Ministers (GoM) in their previous meeting broadly agreed for the proposed taxes on the said activities, there was no consensus on online gaming as Goa proposed to impose only 18 per cent tax on platform fees.GST council agreed on there should be no distinction between game of skill and game of chance. A group of top online gaming firms represented by the FICCI Gaming Committee, however, urged the Central Board of Indirect Taxes & Customs (CBIC) not to hike the GST rate for the sector to 28 per cent as they cited it would be “extremely detrimental to the survival of the online gaming industry as no business operations can survive with such high taxation.”Tax on F&B in Cinema Halls

a leading tech-led financial inclusion platform, and Credit Saison India, a prominent neo-lending conglomerate, have formed a strategic partnership to launch a co-lending program aimed at providing credit access to underserved borrowers in rural India. The partnership aims to enable financial inclusion at the grassroots level.The program, following a successful pilot phase, has already financed 12,000 borrowers, with 90 percent of them being women.

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>>> BUY GLTM TOKENS NOW<<< Golteum and Gala stand out in this dynamic environment as progressive examples, providing one-of-a-kind chances for people to take control of their financial futures and immerse themselves in captivating virtual worlds. Gala Games (GALA) is a gaming platform that leverages Web3 and blockchain technology to empower players with unprecedented freedom, control, and rewards.  Its "games-first" philosophy, which prioritizes exceptional gaming experiences, is one of its defining characteristics.

Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.

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By Stephen Nellis

Investing.com — Apple Apple (NASDAQ:AAPL) will begin to sell its products on Tencent's (HK:0700) megapopular messaging app WeChat as the tech giant looks to grow its retail presence in China.

Day Sale is set to begin on July 15. This opens the platform to fetch the most exciting and unbelievable deals on laptops, phones, and other electronic devices. More than 400 Indian and global brands will launch around 45,000 products in this two-day Amazon Prime Day sale on July 15 and 16.

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.

FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company. ITC operates in the FMCG space with 25 home-grown brands. The company measures annual consumer spend as the sum total of what the consumer spends on buying the goods of the company.

TikTok, to shop. Besides its own stores and website, Apple already operates a shop on Alibaba Group's Tmall online marketplace. Apple also tried marketing its products on a livestream in China for the first time in May with an hour-long show.