Platform Financial News

Major League Cricket (MLC), the recently established professional cricket league in the United States, marked its official inauguration by participating in the ceremonial ringing of the closing bell at the New York Stock Exchange (NYSE) on Thursday, July 6. This event signified the growing prominence and appeal of the sport in the United States, as it introduced top-tier T20 cricket to American audiences through a domestic league for the very first time.

By Julie Zhu and Jane Xu

In this article

Financial advisors are jumping onto Threads, but the new social media app from Meta Platforms Inc. could create a new set of compliance headaches for the wealth management industry.

National Girlfriend Day serves as a beautiful reminder to honor the incredible women who enrich our lives with their love, companionship and unwavering support. Although the precise origin of this charming holiday remains somewhat elusive, its essence resonates with individuals worldwide, providing an opportunity to cherish and appreciate the special bonds shared with girlfriends. Let us delve into the origins and significance of National Girlfriend Day, a day to celebrate the beauty of love.

Investing.com — U.S. stocks were rising despite a weaker-than-expected jobs report and renewed fears that the Federal Reserve will continue to raise interest rates.

Investing.com — Gold isn’t about to lose its $1,900 handle yet — not with a U.S. labor market that finally may be cooling.

India is looking to usher in a comprehensive and multifaceted partnership with the countries of Central Asia by leveraging the platform provided by the Shanghai Cooperation Organisation (SCO), people aware of the matter said. SCO is a prominent Eurasian grouping to ensure peace, stability, and security in the vast and resource rich region stretching from the borders of Europe to the Pacific, including China, Russia and Pakistan. India hosted SCO's latest summit virtually earlier this week where Iran became the ninth member of the grouping.

NEW DELHI : The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. According to the proposed rules, states will be at liberty to mandate GST-registered entities to report the movement of gold and precious stones worth ₹2 lakh or any other threshold above this level, within the state, by way of generating e-way bills or electronic permits before starting transport.

NEW DELHI : Summer sales of cold drinks were “challenging" this year as unseasonal rains crimped demand for beverages in India, said a top executive at Coca-Cola India. “It was a challenging summer. How big was the challenge, and how well we did? Wait for a few days, you will get an update," Sundeep Bajoria, vice president at Coca-Cola India said in an interview on Thursday.

NEW DELHI : Amid soaring prices and a scarcity of quality tomatoes during the monsoon season, several fast-food restaurants in India have halted serving the culinary staple to customers. Notices indicating the unavailability of tomatoes were posted at some McDonald’s outlets in north and east India on Friday, posts on social media platforms showed. However, McDonald’s clarified that the decision to remove tomatoes from its offerings is due to the inability of tomatoes in some regions to meet its global quality standards rather than the rising prices of the popular vegetable.

NEW DELHI : Buoyed by the increasing popularity of content creators who consistently produce edits of Bollywood songs and scenes, video streaming platforms are partnering them to promote new shows and movies, as they look beyond regular influencers. Services like ZEE5 and Disney+ Hotstar have tied up with these creators for shows like Sirf Ek Bandaa Kaafi Hai and Saas Bahu Aur Flamingo over the past few weeks. Known to create instant nostalgia through their snippets, especially among movie buffs and bring fresh perspective through accompanying memes, creators are finding particular draw on platforms like Instagram.

PharmEasy is slated to be among the first large tech startups to have a 90% markdown in its valuations in its latest fundraising round. The pandemic, with its surge in tech usage, became the wind under the wings of the tech startups, but as the pandemic abated, the wind, too, died down, leading to a few crashes or near-crashes. While the valuations of PharmEasy will collapse from its peak of $5.6 billion two years ago to $500-600 million in its upcoming rights issue, other health tech startups such as Phablecare, Mojocare and Glamyo Health are also facing bleak futures — riddled by funding crunch, disgruntled employees or allegations of fraud and misrepresentation of financials.

human history, civilisations around the world have produced and engaged with music. From feasts to funerals, music has permeated almost every aspect of culture and life. Evolutionary psychologists have even argued that music evolved as a means of enhancing social cohesion and increasing our chances of survival.

Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues. In a letter sent on Wednesday, Twitter alleged that Meta used its trade secrets to develop its new social media platform, Threads, and demanded that it stop using the information. Twitter said that Meta had hired dozens of former Twitter employees, many of whom «improperly retained» devices and documents from the company, and said Meta «deliberately» assigned them to work on Threads.

Katie Notopoulos announced on Twitter that she is now “fired” as the Editor in Chief of Threads, Meta’s new social media app. The recently launched application possesses comparable functionalities to Twitter and is managed by Meta, establishing it as the most formidable contender in the market. Numerous individuals, including prominent influencers and streamers, have already joined Threads, resulting in a steady growth of its user base. Initially claiming to be the Editor in Chief, Katie Notopoulos experienced significant online backlash following her controversial post expressing support for Nazi ideologies. The controversy began on Thursday, July 6, 2023, when a user named @riff_n_ryan raised a question regarding the app's creators: «Will you ensure the removal of Nazis from this platform?» This inquiry arose due to the concerning state of Twitter under Elon Musk's leadership, prompting many to seek a more favourable alternative to the micro-blogging app.

Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.

The government will hold discussions with global retailers and domestic toy manufacturers on ways to promote toy exports from India in a meeting on Saturday, an official said.The official said that top retailers, including Hasbro, Walmart, Spinmaster, Ikea, Lego, Simba Dickie, IMC, Hamleys, Lulu, and Sanrio, have been invited for the deliberations.Representatives from Indian companies such as Microplastic, Aequs, Funskool, Playgro, Dreampalst, OK Play, Universal, and Play Shifu are also expected to participate in the meeting.

In the second quarter of 2023, Delhi’s residential demand (active searches) increased 17.7% QoQ, according to Magicbricks’ flagship PropIndex Report (April-June 2023).

AI4Bharat, a start-up backed by Microsoft, is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter.The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, which is also backed by the Indian government, has been developing AI models for speech recognition and translation.

ITR e-filing on incometax.gov.in AY 2023-24: The Income Tax Return (ITR) filing season is in full swing with only 24 days left before the due date. Most taxpayers are required to file their returns by July 31, which is the due date for filing ITRs for AY 2023-24 for taxpayers whose accounts don’t need to be updated. That said, the following are important details and updates that you should know if you haven’t filed your returns for AY 2023-24 by now.