Platform Financial News

Tensions are escalating between banking and payment companies and social media firms in the U.K. over who should be liable for compensating people if they fall victim to fraud schemes online.

Subscribe to enjoy similar stories. Skill development today forms the basis for rapid socioeconomic growth in a country. Disruptive changes and a structural transformation are leading to a new work order, increasing the significance of developing a skilled ecosystem.

Ashi Anand, Founder & CEO, IME Capital, says the whole shift towards digital platforms in India is a theme that is very attractive from a longer-term perspective. It is a longer term story around value migration that is happening from traditional businesses towards digital forms of transaction. This could be across payments, food, or transportation, etc. The other core space Anand is gung-ho on is financiers which includes the BFSI space, and capital markets. There is a clear growth runway as the financialization of savings in India is still a nascent kind of trend. You track IT or tech pretty closely. Do you think that is one sector which will manage to wade through the storm that we are currently seeing because it is showing some sporadic outperforming moves? Ashi Anand: We need to differentiate between IT services and tech or what we like to call digital or digital platforms. If I just focus on digital platforms, that is really the longer term story around value migration that is happening from traditional businesses towards digital forms of transaction. Now, this could be across payments, it could be across food, it could be across transportation, etc. The whole shift towards digital platforms in India is honestly a theme that we believe to be very attractive from a longer-term perspective and really does not get too impacted by whatever is going on right now.

Maye Musk, the mother of Elon Musk, has come under heavy criticism after suggesting people vote with fake names in US elections. Her remarks on social media led some to notify the FBI and federal authorities, citing concerns over promoting «voter fraud.» Maye Musk posted on social media platform X, “The Democrats have given us another option. You don’t have to register to vote. On Election Day, have 10 fake names, go to 10 polling booths and vote 10 times. That’s 100 votes, and it’s not illegal. Maybe we should work the system too.” The post, which gathered over 2.5 million views, faced severe backlash. Many users pointed out that her suggestion was illegal. One user tagged the FBI offices and wrote, “This person seems to be advocating for people to commit voter fraud on a large scale. They are also misinforming by claiming it is legal to do so. Please note for post election follow up.”

During the podcast, Nithin Kamath emphasized the importance of maintaining good mental health, drawing from his own experiences. “Mental health is something I care about quite a bit,” he said. “For me, it’s about not keeping anything in my mind—just letting it out.” Nithin explained that holding onto thoughts and emotions only complicates matters, encouraging a more open approach to dealing with personal issues. Nikhil Kamath, the younger of the two, shared an instance from his life where Nithin’s advice played a crucial role. Playfully reflecting on the time during the COVID-19 lockdown, Nikhil spoke about a breakup he went through while living with his brother. “We both were in one house together and we had broken up at that point of time. So Nithin's advice to me: I'm like going through a breakup, we're like getting reasonably intoxicated every night for 2 months,” Nikhil said.

Subscribe to enjoy similar stories. Flipkart and Amazon are at a critical juncture in India as a Karnataka High Court has temporarily halted the Competition Commission of India's (CCI) investigation into the e-commerce giants over alleged anti-competitive practices and potential violations of foreign direct investment rules.

Subscribe to enjoy similar stories. Google’s grip on the nearly $300 billion search advertising business is loosening. For years, the tech giant has seemed invincible in this corner of the ad market, which is the foundation of its business.

Consumer goods makers are sharpening their focus on packaging for daily essentials and groceries as “on-screen looks” gain prominence for enticing consumers on quick commerce platforms, executives said. These companies are overhauling packaging for a wide array of products spanning impulse items such as cookies and juices, and staples such as rice and edible oil, the executives said. “We are finding that packaging that seeks and draws attention is making a huge difference to quick commerce sales for on-screen browsing by consumers,” said Mayank Shah, vice president of Parle Products, which makes bakery products, biscuits and salty snacks. Parle has introduced ecommerce specific packs for its biscuit brands Milano and Hide & Seek.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Flockerz ($FLOCK) is off to a flying start, raising a quick $400,000 in its ICO’s first month.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

The chief operating officer of Truth Social’s parent company has resigned and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing

The European Union’s top court has said that social media company Meta can’t use public information about a user’s sexual orientation obtained outside its platforms for personalized advertising under the bloc’s strict data privacy rules

Unearthing hidden crypto gems Bitcoin is worth above $58,000 in 2024. It is one of the most expensive assets in the world. However, back in 2010, it was selling for $0.05. According to CoinMarketCap, the BTC price has jumped 110000000% since July 2010. Most high-cap altcoins have similar stories to tell. The key to maintaining a rewarding crypto portfolio lies in finding new crypto gems before they break out. Presales offer affordable gateways into altcoins.

A hot new coin that’s catching investor attention in the crypto space is the Salukis token. It’s a groundbreaking meme coin that combines innovation with social impact. Created with the “Good Dogs” theme, the Salukis project has a unique story alongside real-world utility.

Subscribe to enjoy similar stories. Robotaxis might not need drivers. But they still need passengers—lots of them.

Subscribe to enjoy similar stories. SYDNEY : Google threatened to stop linking to news in New Zealand if lawmakers pass a bill aimed at making digital platforms pay media outlets, setting up another fight over whether tech companies unfairly benefit from news content. New Zealand is seeking to become the latest country to pass a law that would compel digital platforms like Alphabet’s Google and Meta’s Facebook to pay for news articles, at a time when traditional media outlets have been struggling as readers shift to online platforms.

BookMyShow on Friday lodged a complaint at Vile Parle Police Station in Mumbai, accusing an unknown individual of black marketing tickets for Coldplay's much-awaited January 2025 concert at DY Patil Stadium, Navi Mumbai. The case has been registered under Section 66© of the Information Technology (IT) Act and relevant sections of the Bombay (BNS) Act, with a police investigation currently underway.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...