Category: economy

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HISTORIC: Netflix pays RECORD Rs. 3.5 crores for Vash Level 2 and its dubbed Hindi version, HIGHEST ever for a Gujarati film!

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A week ago, the Gujarati film Vash Level 2 and its Hindi-dubbed version, Vash Vivash Level 2, were released on Netflix on October 22. The move was significant as it’s rare for the streaming giant to pick up a Gujarati film. And that’s not all. Vash Level 2 has been procured by Netflix for a record price. A source told Bollywood Hungama, “Netflix has paid a whopping Rs. 3. 50 crores for the digital rights of Vash Level 2 and Vash Vivash Level 2. This is the highest price ever paid to a Gujarati film by an OTT platform.”The source explained, “Netflix paid the record amount as Vash Level 2 is very well-made and has been well-received by the audience when it was released in cinemas. The makers had dubbed the film in Hindi, which also found its way into cinemas; this further motivated Netflix, as even non-Gujarati audiences had an opportunity to enjoy the film in the dubbed version. Thirdly, it belongs to the supernatural genre, which has a lot of takers globally.”The source continued, “Another reason is that the Vash series is famous among moviegoers. It is common knowledge that the much-loved 2024 Hindi film Shaitaan, starring Ajay Devgn, R Madhavan and Jyothika, was a remake of the first part, which came out in 2023. Hence, there has been a curiosity to check out the second part. And lastly, Vash recently won the Best Gujarati Feature Film Award as well as the Best Actress in a Supporting Role for Janki Bodiwala at the 71st National Awards. Janki also played the same role in Shaitaan and she, too, has become recognizable. All these factors prompted Netflix to go against the norm and pay the said amount for the rights of Vash Level 2 and Vash Vivash Level 2.”Another industry insider commented, “As per the deal, Netflix will stream the film for 3 ½ years. Moreover, Netflix will be the only platform where both versions of the film will be available exclusively for a year. A year later, the makers will have the freedom to stream their film on some other platform as well.”A prominent producer revealed that this is a proud moment for Gujarati cinema, “Earlier, Gujarati films used to be paid on a viewership basis and used to earn less than a crore through this arrangement. Hence, the Netflix deal of Vash Level 2 is significant. If the film gets sufficient views, it’ll encourage Netflix and other platforms to buy the rights of other Gujarati films, at a handsome price. It’ll also give an impetus to Gujarati filmmakers to experiment with topics and find an audience beyond the Gujarati diaspora.”Also Read: Ajay Devgn hails Vash Level 2 as a masterclass in Gujarati horror; showers praises on onscreen daughter Janki Bodiwala.

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Gold slips below $4,000 as US–China trade hopes lift risk appetite

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The post Gold slips below $4,000 as US-China trade hopes lift risk appetite appeared com. Gold price drops 0. 63% on Tuesday during the North American session with the yellow metal suffering from its safe-haven appeal as hopes of a de-escalation of the US-China trade war keep ebbs and flows going toward riskier assets like US equities. At the time of writing, XAU/USD trades at $3,955, after bouncing off three-week lows beneath $3,900. Yellow metal loses safe-haven bid ahead of Trump-Xi meeting; Fed cut expectations to cushion fall The US-China trade war seems to be fading following last week’s meeting between senior officials in Malaysia. Discussions about tariffs, shipping fees, fentanyl and rare-earth export controls had set the stage for a possible agreement as US President Donald Trump and his Chinese counterpart Xi Jinping will meet on Thursday. Meanwhile, geopolitics could cap Gold’s losses as the Jerusalem Post reported that “The response to the current violations by Hamas will be significantly greater than the response last time,” citing sources. If hostilities in the Middle East resume, Bullion could trim some of its last two weeks’ losses and be poised to reclaim the $4,000 figure. Gold, a traditional hedge during times of uncertainty and a non-yielding asset, has gained 51% this year, bolstered by geopolitical and trade tensions, as well as lower interest rates in the US. Aside from this, the Federal Reserve (Fed) is expected to cut rates by 25 basis points (bps) at the Wednesday’s meeting, followed by a subsequent reduction in December, according to Prime Market Terminal interest rate probability tool. Daily market movers: Gold price dives despite broad US Dollar weakness The US Dollar Index (DXY), which tracks the performance of the buck versus six currencies, edges down 0. 11% to 98. 68. The US 10-year Treasury note yield is virtually unchanged at 3. 981%. US real yields which correlate inversely to Gold prices.

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Bitplanet Launches $40M Bitcoin Accumulation Plan Amid Corporate Rebrand

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The post Bitplanet Launches $40M Bitcocom. Bitcoin In a move that signals the start of a new era for South Korean finance, Bitplanet has become the country’s first publicly traded firm to add Bitcoin to its corporate reserves. The company confirmed the purchase of 93 BTC, marking the opening stage of a far larger plan to integrate Bitcoin into its treasury operations. The acquisition, valued in the millions, is only the first step in what the firm describes as an “ongoing daily accumulation program”-a strategy that will eventually see Bitplanet holding up to 10, 000 BTC. The plan is being supported by Metaplanet CEO Simon Gerovich and Sora Ventures, both known for their work in institutional crypto expansion. From Cybersecurity Roots to Digital Treasury Pioneer Bitplanet’s transformation is striking. Once known as SGA Co., a company specializing in cybersecurity and IT infrastructure, it has now rebranded and shifted its focus toward building a Bitcoin-focused financial model. The firm says this evolution is part of a long-term vision to modernize its corporate structure and adapt to the realities of a digital economy. For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,. pic. twitter. com/hEmpvh9fUL Bitplanet Inc. (@Bitplanet_KR) October 26, 2025 According to Co-CEO Paul Lee, the transition was not a sudden pivot but a carefully executed strategy built on transparency and risk control. “Our treasury plan operates under the same financial oversight expected of any listed company,” he said, adding that all transactions are conducted through systems monitored by the Financial Services Commission (FSC). Lee also revealed that the company had already begun its purchasing phase quietly, testing operational systems and reporting mechanisms for two weeks before.