Platform Financial News

15.11 / 08:15
Citi Platform Fighting Parke wellness stage cover A criticized Airbnb deal will let users play gladiator in Rome's Colosseum
The ancient Roman Colosseum will be the venue of gladiator fights for the first time in two millennia under a $1.5 million sponsorship deal with Airbnb
15.11 / 08:15
Man EBAY Aware Platform Death 2020 reports Medical King recalls 222,000 adult bed assistance rails after reported death
About 222,000 adult bed assistance rails are under recall due to entrapment and asphyxia hazards, following one death in a residential care facility
15.11 / 08:15
UPS Platform shooting show social prevention Videos The Onion buys Alex Jones' Infowars at auction with help from Sandy Hook families
A federal bankruptcy judge in Texas has ordered a hearing into how the satirical news publication The Onion won the bidding for conspiracy theorist Alex Jones’ Infowars, after Jones and his lawyers raised questions about how a bankruptcy auction was co...
15.11 / 08:15
Twitter Platform Election Photos Freedom show social German soccer club St. Pauli is leaving X, saying it has become a 'hate machine' under Musk
German soccer club St. Pauli is leaving X, saying the social media platform has become a “hate machine” that could influence upcoming German elections
15.11 / 08:15
Google Platform Apple Instagram Trade social Investigations EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business
15.11 / 07:19
markets Twitter Platform Election Exodus Celebrity social What is Bluesky; Why is Twitter founder's rival app for Elon Musk's X crashing?
Elon Musk has been the biggest beneficiary of Donald Trump's win in United States' elections, however, his social media platform X is now witnessing an exodus with celebrities and news organisations moving to Twitter founder's Jack Dorsey app. Among the largest beneficiaries of that desire is Bluesky, a rival service that has gained more than 1 million new users in the week since the election, a company spokesperson, Emily Liu, said Tuesday. The majority of the new users live in the United States, Canada and Britain, she added. «We're seeing increased activity levels across all different forms of engagement,» she said in an email.
15.11 / 07:19
markets COST Platform Sustainability RAI Jewellery brand Giva's revenue rises 66% in FY24, losses widen 30%
However, the Bengaluru-based company's net loss widened by 29.6% to Rs 58.6 crore, as per the financials of the company sourced from market intelligence platform Tofler. Founded in 2019 as an affordable omnichannel brand focused on silver jewellery, Ishendra Agarwal-led Giva has expanded into lab grown diamonds and gold jewellery to cater to the evolving consumer fashion demands.
15.11 / 06:07
markets Citi Platform security Mobile social innovations India mobility opportunity massive, underpenetrated; have barely scratched surface: Uber
Uber India and South Asia Prabhjeet Singh has said, terming it an «incredibly important market» that presents a multi-decadal opportunity for the ride-hailing platform. Singh told PTI that mobility opportunity in India is «massive» and «underpenetrated». The company believes it has «barely scratched the surface» despite the strong line-up of products and services and the robust growth. «There is so much more to be done even though we are growing leaps and bounds,» the top honcho of Uber India said. The mobility giant will continue to bring cutting-edge innovation to the market and also take India-first innovations to the rest of the world, he emphasised.
15.11 / 00:39
markets Platform Sustainability trends Instagram Experts show Fashion is going green, but the journey is slow
Subscribe to enjoy similar stories. As consumers realize the grave impact of fast fashion on the environment, a host of sustainable clothing brands like Virgio, Nicobar, and No Nasties have emerged in the last few years, aiming to influence users to opt for upcycled and climate-friendly clothing. Consumers across age groups, including Gen Z and young millennials, are now increasingly opting for environmentally sustainable T-shirts, jeans and even accessories like belts and bags, offering up-and-coming startups a new opportunity to capitalize on.
14.11 / 20:35
markets Digital Platform Strategy PAM voice audience Transformers One: What we know about streaming, digital and physical release date
Transformers One will soon be available for streaming on Paramount+. Directed by Josh Cooley, the movie hit theaters last month and will now reach a wider audience via digital platforms.
14.11 / 18:29
UPS Platform Equality AJ Bell cuts fees across multi-asset income range
AJ Bell's investments business has seen its assets under management grow to £6.8bn as at 30 September 2024, up 45%. As such, the OCF for the VT AJ Bell Income and VT AJ Bell Income & Growth funds will be reduced by 15 basis points, from 0.65% to 0.5%, from 1 November. AJ Bell is also offering smoothed income distributions for the two funds, comprising 11 equal monthly income payments and a final balance distribution in month 12. AJ Bell platform AUA up 22% in 12 months to £86.5bn Earlier this year, AJ Bell reduced fees on its Investcentre adviser platform to between 0.2% and 0.0...
14.11 / 17:23
markets CEO Platform Align Experts PAM reports FirstCry arm GlobalBees logs 55% jump in FY24 revenue; adjusted Ebitda zooms 154%
GlobalBees, the house of brands subsidiary of baby and mother care products retailer FirstCry, has reported a 55% revenue growth of Rs 432.5 crore in the fiscal year ending March 2024, outperforming similar brands that have seen slower growth amid a consumption downturn. The adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for GlobalBees also surged by 154% year-on-year (YoY). While this growth aligns with the overall business expansion of the Pune-based company, which operates in India and Saudi Arabia, the management noted that increased seasonal sales significantly boosted this subsidiary's growth.
14.11 / 16:31
markets FIVE Digital Platform Enterprise Experts PAM IRB Infrastructure Trust makes non-binding offer to IRB InvIT Fund to transfer 5 toll assets
IRB Infrastructure Trust has made a non biding offer to IRB InvIT Fund to transfer five toll assets having an enterprise value of Rs 15,000 crore as of September 2024, according to an exchange filing on Thursday. In a statement, IRB said it plans to re-invest the proceeds raised from the deal in upcoming opportunities in the infrastructure sector. IRB Infrastructure Trust is IRB Infrastructure and Developers' private InvIT (infrastructure investment trust) with 51 per cent stakeholding, while IRB InvIT Fund is a publicly listed InvIT platform in which the infrastructure player has a 15 per cent share. «IRB Infrastructure Trust, an associate, has announced a non-binding offer to transfer five matured highway assets to the IRB InvIT Fund,» IRB Infrastructure Developers Ltd (IRB) said in a statement.
14.11 / 15:39
markets Citi Provident Platform Pool reports International Porter looks to raise $100 million from private equity firms
Subscribe to enjoy similar stories. Private equity companies are looking to invest $100 million in new-age intra-city logistics services provider Porter, in a deal that will value the decade-old startup at $1.1-$1.2 billion, two people with knowledge of the development said. The new funding round will be a mix of primary and secondary share sale, they said on the condition of anonymity.
14.11 / 14:15
markets UPS Digital Platform reports Interviews Q2 earnings special: Delhivery, FirstCry, Mamaearth, Rapido, Noise
Also in the letter: ■ NR Narayana Murthy’s interview with ET ■Uber India rolls out new features
14.11 / 12:37
markets Digital Platform Entertainment Strategy stars Sporting RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV
Reliance Industries Limited, Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday that the merger of Viacom18's media and JioCinema businesses into Star India Private Limited (SIPL) is now officially effective. The transaction values the joint venture at Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. The JV will be led by Nita M. Ambani, Chairperson, and Uday Shankar, Vice Chairperson, who will offer strategic guidance.
14.11 / 12:07
markets Platform Action Strategy Experts reports Department Four men allegedly molest bride in train; miscreants beat husband with belts when he tried to stop them
Even after the couple alighted at Aligarh railway junction, the harassment continued. The miscreants beat her husband with belts when he tried to stop them, said ToI's report further. The woman’s desperate cries for help eventually caught the attention of people on the platform, leading to a police alert. However, she claimed that instead of taking immediate action against the attackers, the Government Railway Police (GRP) initially detained her husband. This led to protests by the couple’s relatives, who arrived at the station. Following the uproar, the GRP released the husband and filed a case at the Aligarh GRP police station against the assailants.
14.11 / 11:35
COST Platform Tesla SpaceX President social Investigations Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
Choosing billionaire Elon Musk to be what President-elect Donald Trump calls “our cost cutter” for the U.S. government, is not the first time an American president has empowered a business tycoon to look for ways to dramatically cut federal regulations
14.11 / 10:15
markets Platform awards Experts PAM social Features Uber rolls out incentives, new features to make drivers' experience 'safer'
Ride-hailing app Uber on Thursday announced a host of new features such as SOS integration, helmet selfie and women rider preference for female drivers — all aimed at making experience for million-plus drivers on its platform «safer, easier and fairer». Further, in support of the government's Code on Social Security (CoSS), which seeks to provide a safety net for gig workers, Uber announced the promotion of registrations on the e-Shram portal, which is a unified database for gig workers and unorganised workers. To encourage participation and accelerate such registrations, Uber is offering cash incentives to the first 10,000 drivers who register on the portal. Key enhancements for drivers include SOS integration, helmet selfie, women rider preference for female drivers, and audio recording, as also upfront tipping, instant payments, and mentorship program.
14.11 / 07:21
markets Platform Election President information reports Polling Nostradamus Allan Lichtman wrong election prediction has an Elon Musk connection?
Allan Lichtman, often dubbed the «Nostradamus» of US Presidential Polls, has blamed disinformation and billionaire tech mogul Elon Musk for his incorrect prediction that Vice President Kamala Harris would win the US elections. Lichtman, who has correctly predicted nine out of 10 election results, is renowned for accurately forecasting nine of the last ten US elections. But things took a U-turn last week when the historian and political scientist's prediction that Kamala Harris would win the US Presidential elections turned out to be wrong with Republican Donald Trump returning to the White House. Now, speaking to News Nation, Allan Lichtman, a professor at American University, provided a deeper explanation for his incorrect forecast and pointed to conservative media platforms and Elon Musk, who pored millions into Donald Trump's campaign, as a factor in his inaccurate prediction. ALSO READ: 'Your body, our choice': Deadly 'MATGA' Movement emerges in US. All about women's new trend after Trump's victory
14.11 / 05:19
markets Digital Platform Sustainability awards Experts International Shiprocket launches Copilot to help MSMEs become self-reliant in fast-paced ecommerce landscape
Shiprocket Copilot — an AI-powered assistant to help 1 lakh sellers improve their management and expansion of their ecommerce businesses. Designed as a comprehensive virtual assistant for sellers, it handles a wide range of tasks — processing orders, checking COD billing, assisting with queries on international shipping, and a Whatsapp suite to offer precise solutions on the queries raised. According to a recent study by Meta, 94% of MSMEs acknowledge AI's potential to drive significant business growth, with 91% emphasising the need for accessible and affordable AI technologies. Recognising this demand, Shiprocket unveiled this offering to bridge the technology gap in the MSME ecosystem. This AI-driven assistant boasts of enabling small businesses across Bharat to optimise operations, improve productivity and build a more sustainable, self-reliant digital future. It is positioned as a go-to platform for merchants, similar to ChatGPT, helping them solve queries independently and on demand.

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