Platform Financial News

The bill that would make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from holding accounts. It is likely to be passed by the Senate on Thursday, the Parliament's final session for the year and potentially the last before elections, which are due within months.

TIPS Music, Saregama India, and Zomato are capitalizing on this surge, with high-profile events featuring artists like Coldplay and Diljit Dosanjh fuelling this boom, as ticket prices for these events skyrocket up to Rs 1 lakh. The live music and concert market in India has transitioned from a niche sector to a mainstream phenomenon, thanks to a growing appetite for both international and homegrown talent, increasing disposable incomes, a growing Gen Z audience, and collaborations between event organizers and digital platforms.

Subscribe to enjoy similar stories. The Cabinet Committee on Economic Affairs earlier this week approved a plan of India’s Income Tax Department to roll out its PAN 2.0 project. This aims to streamline all services related to our Permanent Account Numbers (PANs) and simplify website access for individuals and companies.

SME IPO of Agarwal Toughened Glass will open for subscription today and will close on December 2. The company aims to raise Rs 62.64 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

The Australian Senate is debating a ban on children younger than 16 from social media after the House of Representatives overwhelmingly supported the age restriction

Subscribe to enjoy similar stories. India's telecom sector is a critical pillar of the country’s digital economy. It provides services to over 1.2 billion people and contributes significantly to the country's GDP.

Wayne Holdsworth became an advocate for banning Australian children younger than 16 from social media because his son took his own life after falling victim to an online sextortion scam

JioStar, the newly formed media behemoth spawned by the merger of Walt Disney’s Star and Viacom18, has the potential to reshape India’s media and entertainment landscape, Vice Chairman Uday Shankar says. “The merger gives us a strong foundation to innovate and experiment, paving the way for transformative change,” he tells Javed Farooqui and Vinod Mahanta in an in-depth conversation that touched upon subjects as diverse as industry structure, vision for the combined entity, and execution challenges in synergy capturing. Announced last week, the merger has created a company with Rs 26,000 crore ($3.1 billion) in combined revenue for FY24, reaching 750 million viewers through 115 TV channels under the Star and Colors brands. It also includes two of India’s leading streaming platforms, JioCinema and Disney+ Hotstar. In this exclusive interaction, Shankar discusses the vision for building India’s largest media and entertainment company, the challenges of competing with global tech giants, strategies to address sports business losses, and the future for television that many believe is in an attritional decline. Edited excerpts: Will the scale of JioStar be able to create a powerful differentiating factor? This merger presents a tremendous opportunity to redefine the relationship between content and consumers, as well as with key stakeholders like advertisers and distributors.

Now, with Moana 2 set to release, fans eagerly await the continuation of Moana’s adventures. Directed by David Derrick Jr., Jason Hand, and Dana Ledoux Miller, the sequel promises to expand the oceanic world that captivated millions, as mentioned in a report by Collider.

Subscribe to enjoy similar stories. In 2017, when Sudhir Singh joined NIIT Technologies, the first thing he did as CEO was to change the entire top leadership—lock, stock and barrel. His logic for replacing all his 14 direct reports was simple; “The only thing the old team proved was that they can’t grow," he told Mint.

e-Daakhil portal' — an inexpensive, speedy and hassle-free mechanism for filing consumer complaints — has been rolled out successfully in all states and union territories. The government is also working for launch of e-Jagriti, which will further streamline case filing, tracking, and management, ensuring a hassle-free experience for consumers and other stakeholders, it said. In a statement, the consumer affairs ministry said with the recent launch of e-Daakhil portal in Ladakh, the online platform is now accessible to consumers pan-India.

Black Friday" shopping phenomenon offers buyers deep discounts and bustling sales. It traditionally marks the start of the US holiday shopping season, falling on the Friday after Thanksgiving. This year, it lands on November 29, 2024.And in the US, India, and across the world retailers are set to offer pocket-friendly discounts to draw millions of eager shoppers.

Ozonetel, an industry-leading provider of unified customer experience intelligence platform (oneCXi), announced the launch of CXi Switch, a first-of-its-kind internet communication product that powers instant voice and digital conversations across all touchpoints, as an alternative to telecom channels. Customers expect instant communication when interest is highest, yet enterprises struggle to deliver effective real-time engagement despite the surge in digital adoption through apps and websites. 75% of these engagements still rely on telecom, often through delayed and out-of-context calls. This causes customers to lose interest, resulting in missed business opportunities. Tighter regulations and rising spam complaints further add to the friction in customer journeys. CXi Switch, the core routing engine of the oneCXi platform, drives instant one-click conversations between customers and businesses. A plug-and-play widget seamlessly integrates with apps, websites, online ads, newsletters, in-store displays, digital kiosks, and other touchpoints to power hassle-free voice and digital conversations. It works across devices and form factors.

Subscribe to enjoy similar stories. Zepto is well on its way to touch annualized sales of $3 billion in the next month or two, Aadit Palicha, Zepto co-founder and chief executive, told Mint, underscoring the firm’s potential for rapid growth that has attracted investors from around the world. Zepto’s dark stores are turning profitable at a faster pace as the firm is adding newer categories with a higher average order value, which is adding to its bottom line.

Wealthfront

Rumble (RUM), the conservative-leaning streaming platform whose backers include Vice President-elect JD Vance, said it is planning to allocate part of its cash reserves to bitcoin (BTCUSD).

Netflix has confirmed the streaming release of It Ends With Us, a film based on Colleen Hoover’s novel. The movie will be available for streaming in the United States on December 9, 2024.

The Canadian dollar plunged more than half a cent and fell back below 71 cents U.S. after incoming U.S. president Donald Trump said he will impose a 25 per cent tariff on Canadian and Mexican imports over border and drug issues.

India is poised to address domestic and global labour demands. Improving Employment Metrics The Periodic Labour Force Survey reveals positive trends in India's employment scenario. From 2017-18 to 2023-24, the national unemployment rate dropped from 6% to 3.2%, while the Worker Population Ratio (WPR) surged from 46.8% to 58.2%. The workforce engaged in economic activity grew to an estimated 643.3 million in 2023-24, up from 471.5 million in 2014-15, with women's WPR doubling to 40.3% and youth WPR rising to 41.7%.