Platform Financial News

Byju Raveendran, Divya Gokulnath and Riju Ravindran, the promoters of beleaguered edtech major Byju’s, have together sold shares worth about $408.53 million in 40 secondary transactions since 2015, according to research and data platform PrivateCircle. In two instances where the secondary share price was not available, PrivateCircle used the closest available primary share price and analysed various public data sources to arrive at the findings.

The Federal Trade Commission has issued a long-anticipated update to its guidelines for endorsements, which advise businesses about how to make sure consumers understand when celebrities, influencers or even regular consumers are compensated to promote or review their products. Some marketers and influencers will now need to go beyond using hashtags such as “#ad" in social media, for example, to ensure that all users will see that a post is sponsored without having to click “more" or read the full text of the post, the FTC said last week as it released the update.

New Delhi: The Centre will organize a national conference on Wednesday aimed at strengthening India's food and nutritional security. The conference will serve as a platform to reflect upon the challenges and opportunities for achieving the transformation of food and nutrition security ecosystem in the country and lay down the roadmap for 2023-24.

(Reuters) — Meta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on the social media site.

Bharat 6G Alliance to drive innovation and collaboration in next-generation wireless technology. Bharat 6G Alliance (B6GA) is a collaborative platform consisting of public and private companies, academia, research institutions, and standards development organizations. Mobile services have seen the transformation from 2G to 3G to 4G to 5G and now 6G is on the horizon.

The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.”

Twitter has officially launched the new version of its popular dashboard application, TweetDeck, to address the recent issues that users have been facing. However, the catch is that TweetDeck will now become a feature exclusively available to verified users, who will need to subscribe to Twitter Blue, the platform's paid subscription service. The announcement was made by Twitter’s support account via a tweet that gave details about the new version of TweetDeck with new features. It read, «We have just launched a new, improved version of TweetDeck. All users can continue to access their saved searches & workflows via https://tweetdeck.twitter.com by selecting 'Try the new TweetDeck' in the bottom left menu.» “All your saved searches, lists, and columns will carry over to the new TweetDeck. You’ll be prompted to import your columns when you load the application for the first time. TweetDeck now supports full composer functionality, Spaces, video docking, polls, and more. Teams functionality in TweetDeck is temporarily unavailable and will be restored in the coming weeks. In 30 days, users must be Verified to access TweetDeck,” the tweet read.

₹3,000 crore to boost Jio Cinema’s subscription and advertising revenues, according to the estimates of three film trade experts. This April, Jio Studios announced a plan to create a repertoire of 100 movies and web originals to bolster the streaming platform’s standing and retain customer engagement after the end of the Indian Premier League (IPL) season.

Threads will be a text-based conservation app. Similar to Twitter’s 280 word count, it is likely that there will be character restrictions in Threads as well. As of now, the character limit is not known yet.

₹3,570 apiece on BSE today. The X440 is the smallest and most cost-effective Harley-Davidson motorcycle to be introduced in India since the Street 750, thanks to a partnership between Harley-Davidson and Hero MotoCorp. The Royal Enfield Hunter 450, which Eicher Motors will soon launch, is in direct competition with the X440, which is priced at ₹2.29 lakh (ex-showroom).

The CEO of an automotive-technology company said he is buying a majority stake in Forbes Global Media Holdings in a deal that values the business media outlet at nearly $800 million. Austin Russell—the 28-year-old founder of Luminar Technologies, which makes sensors and software used for safety and autonomous-driving features—said he has agreed to buy an 82% stake in Forbes. His purchase includes the remaining portion of the company owned by its namesake family and brings to a close a lengthy sale process.

₹5,000 and also allows non-resident Indians (NRIs) to invest. Despite having been in existence for six years, the firm started collecting money from the public only in the last two years. It has raised approximately ₹70 crore, which has been deployed over an area of more than 3,000 acre of land.

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EU antitrust regulators will decide by August 7 whether to clear Adobe's $20-billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday.

Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to data compiled by Bloomberg. It was the best half-year for billionaires since the back half of 2020, when the economy rebounded from a Covid-induced slump. The gains coincided with a broad stock market rally, as investors brushed off the effects of central bank interest rate hikes, the ongoing war in Ukraine and a crisis in regional banks.

Elon Musk, Threads aims to provide users with an alternative platform for social networking and discussions. The app was initially discovered on the Google Play store in Europe on Monday morning and later became available on the Apple App Store by Monday night, according to a report from Forbes. The decision to launch Threads comes in the midst of various controversies surrounding Twitter, such as user limitations and issues with Bluesky, a competing platform founded by Jack Dorsey.

Instagram’s highly anticipated Twitter rival is expected to launch Thursday, according to a listing on Apple Inc.’s App Store. The app, called Threads, will function similarly to Twitter, with text-based posts that can be liked, commented on and shared, according to examples of screenshots on the App Store listing. People will be able to follow the accounts they follow on Instagram and keep their same user name.

Groww, which has been looking to expand its financial services offerings, has started offering a payments feature to users on its broking app. The platform is using the unified payments interface (UPI) infrastructure and allows users to make peer-to-peer payments as well as payments to merchants through scanning their QR codes. ET has reviewed the feature that has been rolled out to users over the past few days.

Shah Rukh Khan when it ends in September, people aware of the matter said. “With the edtech platform in serious trouble, Shah Rukh’s team is also hesitant to continue the association with the brand,” one of the people said. Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.

The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023. Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to data compiled by Bloomberg. It was the best half-year for billionaires since the back half of 2020, when the economy rebounded from a Covid-induced slump.

Sky Cinema offers movie premieres along with the added bonus of Paramount+. To help you discover new favorites, we have compiled a list of upcoming premieres this month. The premiere dates may change. For Sky subscribers without movie channels, there is an additional cost of £12 per month for a minimum 18-month contract. Sky also offers ongoing deals, such as the Sky + Cinema + Netflix package, providing access to Sky channels (including Cinema) and Netflix for £37 per month over 18 months.