In a bid to expand its footprint to foreign countries, the crypto asset management platform Mudrex has launched its platform in the European Union (EU). Mainly due to clearer regulations and investors being more aware of the crypto assets there, the company has decided to roll out its platform in Italy and then expand to other EU countries, its chief executive officer (CEO) and co-founder Edul Patel told Business Standard.

The platform, which helps users make systematic investment products (SIPs) with crypto, is a registered virtual asset provider with the European Central Bank (ECB).

Shadowfax, a last-mile logistics company backed by Flipkart, will hire 10,000 riders and delivery partners to use opportunities presented by the state-backed Open Network for Digital Commerce (ONDC).

Shadowfax's nationwide network serves major e-commerce, food, grocery and retail companies. It is present in more than 1,100 cities and works with over 50,000 delivery partners every day.

Shares of DLF hit a multi-year high of Rs 456.50, as it rallied 5 per cent on the BSE in Monday’s intra-day trade after the firm reported a healthy 40 per cent year-on-year (YoY) growth in consolidated net profit at Rs 581 crore for the January-March quarter (Q4FY23), driven by strong margins and revenue mix. Revenue, however, was down 6 per cent YoY at Rs 1,576 crore.

The stock was trading at its highest level since October 2009. Thus far in the calendar year 2023, it has outperformed the market by surging 21 per cent, as against 1.9 per cent rise in the S&P BSE Sensex.

The government is planning to come up with a tracking system that will allow mobile phone users to block and track their lost devices. The rollout is likely to happen this week.

The technology development body Centre for the Department of Telematics (CDoT) is responsible for this task. It has been running the pilot of the Central Equipment Identity Register (CEIR) system in various telecom circles which include Delhi, Maharashtra, Karnataka, and the Northeast.

Karnataka election results 2023 live: The results of the Karnataka elections 2023 are set to be declared today with the vote counting for the same currently underway. However, trends are showing that the Congress party will be winning the polls after dethroning the Bhartiya Janta Party.

While the Congress party has already taken a strong lead on 129 seats, the BJP is lagging behind with a lead of just 66 seats.

Kotak Mahindra Bank will see the largest inflows due to the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices on account of increased investment legroom for foreign portfolio investors (FPIs).

In a note, Nuvama Research. said that Kotak Mahindra Bank’s weighting in the index has gone up by 135 basis points to 2.8 per cent. This will result in inflows of $810 million (Rs 6,600 crore) by passive trackers.

Congress touched the triple-digit mark in early trends on May 13 in the counting of votes for the Karnataka Assembly polls. As per the latest Election Commission data at 10:35 a.m., Congress is leading in 112 seats while the BJP is ahead in 74 seats.

JD(S) is leading in 30, Kalyana Rajya Pragathi Paksha and Sarvodaya Karnataka Paksha in one each while three Independent candidates are ahead in the initial trends.

The Narendra Modi government will mark nine years with a series of events across the country this month, showcasing its achievements, which “transformed people's lives, especially the poor and marginalised”.

Adding to the significance of the anniversary celebrations is India's ongoing G20 presidency and the next Lok Sabha elections, 10 months away, where the ruling Bharatiya Janata Party (BJP) will hope to become the first political party in over 50 years to win three successive general elections.

All eyes are set on 224 Assembly seats of Karnataka that went for polls on May 10, as the counting of votes started at 8 am on Saturday amid tight security.

While the majority of exit polls have placed the Congress ahead of the Bharatiya Janata Party (BJP), which is currently in power, they also predict a hung Assembly in the state. As the counting is underway, Congress leaders expressed confidence that the grand old party will get a comfortable majority with more than 120 seats.

The Supreme Court, which heard a few cases on Friday, indicated that it may grant three more months to Sebi for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15.

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