Platform Financial News

Equity schemes typically have higher expense ratios, followed by debt and liquid funds. Read this | Mint Explainer: How Sebi is cracking down on unregistered investment advisors Popular brokerage firms like Groww and Zerodha Coin offer direct plans without advice, leading many users on these execution-only platforms to buy trending or high-return funds out of greed or lack of knowledge—a strategy investment experts consider risky. Vishal Dhawan, a registered investment adviser and founder of Plan Ahead Wealth Advisors, emphasized the importance of advisory services.

Setu, an application programming interface (API) infrastructure provider, introduced a Unified Payments Interface (UPI)-focused payments platform for businesses and developers in partnership with Axis Bank. The platform, named UPISetu, supports a wide range of UPI products, from basic QR code payments, UPI Autopay, equated monthly instalments (EMIs), and third-party validation service. It also features functionalities like brand and bank offers, advanced dispute resolution, instant cashback and refunds, all provided via APIs. “As ‘Credit on UPI’ gains momentum and there exists a pressing need to drive payment transaction success rates, UPISetu will be a game-changing launch for the ecosystem. We believe the world will increasingly be UPI-first thanks to the pioneering efforts of NPCI in India and overseas,” said B Amrish Rau, CEO of Pine Labs.

The minimum bid is for 90 shares, with additional bids in multiples of 90 shares thereafter.

Groww experienced a technical glitch this morning, disrupting users' ability to place orders and access their Demat balances. The outage has caused widespread difficulties, leaving many users unable to use essential platform services. Taking to platform X (previously known as Twitter), one user wrote, “@_groww unable to use my Demat Balance, what's wrong?”

FirstCry, was subscribed just 17% on the second day of the bidding process on Wednesday. As of 11:45 a.m., the issue attracted bids for merely 82,74,368 shares, or 0.17 times the issue size of 4,96,39,004 shares. The quota reserved for retail individual investors (RIIs) was subscribed 71%. The issue was subscribed 12% in the NII category. There were just 2,752 shares bid by the qualified institutional buyers, out of the 2,70,36,953 shares reserved for them.

transition towards EVs in India is range anxiety and the limited number of public chargers.JSW MG Motors also announced other initiatives like a connectivity platform with Jio and an EV education platform.India's upcoming FAME-III scheme is expected to support charging networks. FAME is short for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India.Additionally, officials at the heavy industries ministry are discussing a national charging policy.

Mint's queries to Nataraj and Thakran did not receive a response till press time. In the past, companies such as Mamaearth, Dabur India and Mondelez, have sent legal notices to influencers to take posts that were critical of their products. Queries sent to Mamaearth, Dabur and Mondelez went unanswered till press time.

ecommerce platform Open Network for Digital Commerce (ONDC) is expanding spiritual services on its network with Vama.app that will offer services such as virtual pujas, temple darshans and rituals, and astrology services. Spiritual services providers Iskcon and Hari Bol are already available on ONDC. Wavemaker Partners-backed Vama.app, which is onboarding ONDC as both a buyer and seller platform, plans to broaden its reach by offering its services to a wider audience through the network.

quick commerce and aggressive demand for newer direct-to-consumer (D2C) brands aided by speedy deliveries on platforms like Blinkit, Zepto and Instamart are fuelling dealmaking in early-to-mid-stage D2C brands, several executives and investors told ET. New brands have scaled much faster than anticipated due to the quick-commerce channel and that is attracting investor interest. Kids gift brand Tuco Intelligent is in talks to raise new capital from Fireside Ventures, while Peak XV Partners is likely to pick a stake in healthy bread maker The Health Factory, sources said. Gourmet Garden, a specialised organic fresh supplies brand, has started talks to raise around $10 million from a mix of investors.

Netflix will air WWE Monday Night Raw from 2025 and OTT giant subscribers across the world are eagerly waiting for the premier Wrestling event. This has led to questions whether RAW will have uncensored content or not since it will be aired on OTT platform. Now WWE supertstar Braun Strowman has claimed several wrestlers want to use expletives while intimidating their competitors, as per a report on dexerto. Earlier during its much-famed «Attitude Era», WWE used to air matured content. However, stricter TV rules and PG rating ensured toned down suitable for all viewers.

government has asked state-run banks to assist their regional rural arms in upgrading their technology and onboarding them to the National Payment Corporation of India's (NPCI) BASE platform that facilitates the direct benefit transfer (DBT) program. Last week, several cooperative banks and regional rural banks (RRBs) were affected by a ransomware on one of the technology service providers, C-Edge Technologies. «Sponsor banks have been asked to help their RRBs with technology upgrades, which will improve their performance in areas related to credit disbursement, NPA management and cybersecurity,» said a government official, adding that Nabard will be closely monitoring this initiative.

Mint in an exclusive interview that the company sees India as a crucial market. “Globally, India is already the fourth- or fifth-highest contributing market for Krafton. In the future, India has the potential to become the biggest market for Krafton thanks to its unique position of the sheer size of the market, as well as an increasing amount of interest in e-sports in the country," he said on Tuesday.

For years, Bitcoin and Ethereum have been the dominant crypto currencies from which other tokens draw strength. However, with the evolution of blockchain technology and increasing interest in niche markets, new contenders are emerging. For instance, DigiHorse (DIGI) – a blockchain-based platform that merges the thrill of digital games (horse racing, specifically) with the advantages of decentralized finance (DeFi). This article explores the unique features of DigiHorse and compares its potential against the well-established giants, Bitcoin and Ethereum.

shares up 5% on Tuesday. With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost in the past several months, benefiting companies such as Uber and rival Lyft.

Elements, the planning tech firm known for its financial vitals system for advisors, has introduced a new feature aimed at improving goal-setting and client outcomes.

TV series ‘Barzakh’ has been pulled down, after it faced a huge backlash due to its daring take on queer love. The show debuted on July 19 on Zindagi's YouTube channel and ZEE5. However, the producers have announced via Zindagi's official Instagram account that the series will be removed from the video-sharing platform. In their statement, the creators expressed their gratitude to the global audience for their 'steadfast support' as they take down the six-episode series. “We, at Zindagi and Team Barzakh, extend our heartfelt gratitude to our global audience for their unwavering support for Barzakh — a show that was created to bring people together everywhere,” read the official statement shared on the Instagram handle of Zindagi.

With inflation starting to ease, the millions of Americans with debt are less likely to cite this as an issue, but that doesn’t mean things are looking rosy.

Five United States Senators and three House representatives have called for a ban on betting activities linked to the upcoming 2024 presidential election.

Global crypto exchange behemoth Binance is reportedly facing goods and service tax (GST) issues in India, according to sources.

Jump Trading is making significant crypto transactions involving large amounts of USDC stablecoin and is expected to cash out $440 million, notes onchain sleuth Lookonchain.

GST Intelligence (DGGI) has issued a show-cause notice to a prominent cryptocurrency exchange, demanding a Goods and Services Tax (GST) payment of Rs 722 crore, ToI reported on August 6. This unprecedented action marks the first time the DGGI has targeted a cryptocurrency firm, setting a significant precedent in India’s regulation of the burgeoning virtual currency market, said the report (by Niyati Parikh). The notice was issued for fees collected from Indian customers trading in virtual digital assets (VDAs) on the platform, categorized under online information database access or retrieval (OIDAR) services. Earlier this year, the cryptocurrency exchange had received approval from India's financial intelligence unit (FIU) to register as a virtual asset service provider (VASP). However, the company was recently penalized Rs 18 crore by the FIU for failing to comply with anti-money laundering (AML) regulations. Despite being a major global player with a substantial market share and operations in multiple countries, the company had not registered under the Indian GST framework, leading to scrutiny from Indian tax authorities. It was revealed that the company earned at least Rs 4,000 crore from transaction fees charged to Indian customers, with these earnings credited to an account of a group company based abroad. The company has a global user base of 90 million, including a significant number of Indian customers.