Pool Financial News

The unstoppable increase in homebuyers’ appetite for luxury residences firmly indicates that the demand for different categories of luxury properties has kept growing, showing no signs of tail-off. Unlike affordable housing, luxury housing has not witnessed a dry spell and enjoyed a phenomenal consumer demand in pre- and post-pandemic periods.

One 97 Communications, the parent company of fintech giant Paytm, is set to announce its earnings for the October-December quarter of FY24 on Friday, January 19. The company’s revenue from operations during Q3FY24 is expected to grow 32% year-on-year (YoY) to ₹2,721 crore, as per brokerages’ estimates.

TrueUSD (TUSD) has clarified that the recent depegging of its value from the US dollar is associated with activities on Binance Launchpool.

By Allan Lanthier

By Vera Eckert

The operator of the wrecked Fukushima Daiichi nuclear power plant in Japan says it has no new safety worries and envisions no changes to the plant’s decommissioning plans even after a deadly earthquake on Jan. 1 caused minor damage to another idled nuc...

After becoming the first new addition to a prestigious club of United Kingdom bond dealers since 2011, Bank of Montreal is looking to use the role as a springboard into European debt markets.

GrowthSchool aims to onboard 2.5 million learners in 2024, the company said in a press release on Tuesday. It also aims to achieve a $1 million monthly run rate by the end of fiscal 2024. The two-year-old platform reported 400% year-on-year growth in revenue since its inception, with peak monthly revenue of Rs 5 crore, it said. The edtech platform, which also expanded globally in 2023, has so far upskilled more than 1 million learners, the press release said.

₹742.20 apiece on the BSE. UBS expects One 97 Communications, the parent company of fintech giant Paytm, breaking even on EBITDA in FY25 and reaching a 20% EBITDA margin by FY28. It views this as a key re-rating trigger, as seen at other new-age companies such as Zomato, where investors value profitable growth more than pure growth.

MUMBAI : Livspace, a new-age home interiors solutions provider backed by private equity firm KKR, is planning to shift its domicile back to India, and list on local stock exchanges. Currently based in Singapore, the firm has initiated internal processes with the aim to go public in 2025, three people in the know of the development said. The company is looking to hit profitability by the end of the current financial year and is eyeing a listing opportunity in 2025, one of the three people cited above said, seeking anonymity.

guidelines for Alternative Investment Funds (AIFs) pertaining to holding their investments in dematerialised form along with the appointment of custodian. Under the latest guidelines, AIFs are required to hold their investments in dematerialised form, unless exempted by Sebi. The new framework, effective from October 1, 2024, mandates that any investment made by an AIF after this date must be held in dematerialised form, Sebi said in a circular.

In the realm of Bitcoin mining, the year 2023 was memorable for the enormous concentration of power that occurred among the leading mining pools. The mining of more than 54,000 Bitcoin blocks was a significant event that occurred in this year. It became clear that Foundry, Antpool, F2pool, Viabtc, and Binance Pool were the most successful pools in this sector. Particularly noteworthy is the fact that these five pools are responsible for the discovery of 45,707 block rewards, which accounts for more than 84% of all blocks mined during the year. Bitcoin mining is characterized by a highly concentrated mining power, which highlights the competitive environment of the industry. Among them, Foundry USA emerged victorious by effectively mining 16,492 blocks, so establishing its preeminent position within the sector.

Tamil Nadu Industries Minister T R B Rajaa will attend the World Economic Forum in Switzerland this week, a few days after the success of securing Rs 6.64 lakh crore of investment commitments at the recent Global Investors Meet in Chennai. This would be the third time that officials of the current DMK government will visit Davos.

Mint analysis, Wipro, which had the highest wage burden among Indian IT companies, spent 60.5% of revenue on employee benefits, down from 61.4% in Q1FY24 and 61.5% in Q2FY24. Tata Consultancy Services (TCS) spent 57.3% of revenue for employees in Q3, compared to 58.8% in Q2,and 59.2% in the first quarter of the current fiscal year. HCL Technologies allocated 55.8% to employee costs in Q3, down from 57.2% in Q2 and 57.1% in Q1, while for Infosys it was at 53.2% in Q3, declining from 53.8% in Q2 and 54.3% in Q1.

Vitalik Buterin, Ethereum's co-founder, recently proposed a significant change to the Ethereum blockchain's proof-of-stake (PoS) system. The core of his proposal is to reduce the number of signatures that validators must process. Currently, Ethereum's PoS mechanism involves around 895,000 validators processing approximately 28,000 signatures per slot, which results in a heavy load on the network​​​​.

With a strategy that places an emphasis on continuity from the previous year, Ethereum is making steady growth throughout the year 2024, with co-founder Vitalik Buterin serving as the driving force behind this success. A recent sequence of tweets by Buterin reveals that the emphasis for the year 2024 is mainly aligned with the components that have been formed since the beginning of the year: merge, surge, plague, verge, purge, and splurge. This indicates that the strategy for the year is more evolutionary than revolutionary.

Vendetta Games’ flagship game, Chalk River Metaverse, blends the wild-west, open-world combat genre with NFTs and web3. Users made the first alpha tests available for the public earlier last year, but the game has come a long way since then. While we wait for its upcoming token generation event, there are plenty of things to be impressed by, such as the last NFT drop and the upcoming TGE. If you want to jump into the game or get involved with the community, we’ve compiled a guide below with a few key things to know.

Real estate company TARC Ltd, listed on NSE & BSE, has announced the launch of its ultra luxury residential project in New Delhi. The company plans to invest close to Rs 1200 crore in this high-rise project, named TARC Kailasa, which will be centrally located on main Patel Road.

Scientists have assembled a huge database of prehistoric DNA based on the teeth and bones of around 5000 humans. Those humans lived across Western Europe and in certain parts of Central Asia, 34,000 years ago till the medieval times, as per a report. A thorough analysis of the distinctive and comprehensive pool of this prehistoric genetic information has revealed that the genes might have once been the protectors of the ancient hunter–gatherers or the shepherds of the Bronze Age from damaging pathogens. Further, the studies reveal that the genes may at present lead to a rise in the likelihood of neurodegenerative diseases which include Alzheimer's and multiple sclerosis in Europeans, CNN reported.

NEW DELHI : Data center and IT infrastructure provider NTT is massively expanding its presence in India, which it considers to be both geopolitically stable and the world’s fastest growing data center market. The company has eight new data centres under construction in India, which would add to its 14 existing centres in the country. India also offers a large pool of talent and revenue growth opportunity, which will further expand with the advent of AI and GenAI, NTT Global Data Centers chief executive and president Doug Adams said while launching the company’s first data centre in Noida, Uttar Pradesh on Thursday.

gaming ecosystem in the country benefits from efforts like that by Krafton, creator of Battlegrounds Mobile India (BGMI), to address GoI's concerns to have a ban on the popular game lifted. These concerns are broadly over data localisation and public order, apart from drawing more capital into online gaming, which is a key driver of digital engagement globally. The ban was imposed when India had neither data localisation nor gaming rules.