Platform Financial News

Losing a job is a challenging experience especially when you are mostly dependent on your salary for paying your home loan, car loan and other expenses on regular basis. However, with prudent financial management, you can overcome this difficult period smoothly.

HDFC Bank has launched a new digital investment platform ‘SmartWealth’, aimed at revolutionizing the wealth creation journey by incorporating cutting-edge technology.

Groww recently faced severe criticism on social media after an investor alleged that the fintech platform deducted money but not invested in a mutual fund scheme. In response, Groww said that it regrets the “error” and credited the amount to the investor “on a good faith basis’ “.

train ticket bookings. According to recent claims on various platforms, it was alleged that booking tickets for individuals with different surnames could lead to severe penalties including fines up to Rs 10,000 or imprisonment for up to 3 years. However, IRCTC has categorically stated that these assertions are baseless. In a statement posted on X, IRCTC clarified, «The news circulating on social media about restrictions on booking e-tickets due to different surnames is false and misleading.» The corporation emphasized that users can indeed book tickets for friends, family, and relatives using their personal User IDs.

KwikChat, a whatsapp commerce solution by eCommerce enabler GoKwik, said it aims to increase its revenue fourfold and powering over 5000 brands and 3 billion conversations in the next six months. GoKwik launched KwikChat in June last year following the acquisition of the WhatsApp commerce platform Tellephant. The solution enables brands to engage with target shoppers, ensuring higher ROI on marketing campaigns, better-abandoned checkout recoveries and greater repeat purchases. “This past year has been transformative for KwikChat. We acquired Tellephant with a strategic vision of bridging the gap from conversations to conversions for eCommerce brands. This has shown immense value and we’ve now geared up to take it to the next level. As not just acquiring but consistently engaging and retaining shoppers grows in importance, KwikChat is heading towards becoming the go-to engagement platform across all channels. With our DNA committed to solving everything eCommerce, we are excited about the vision we have for the next phase of KwikChat’s growth“ said Chirag Taneja, co-founder and CEO of GoKwik

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

Swarm Markets, a platform based in Berlin, has launched fully asset-backed digital gold represented by non-fungible tokens (NFTs).

Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the rule to gather content for their systems. The move comes at a time when artificial intelligence firms have been accused of plagiarizing content from publishers to create AI-generated summaries without giving credit or asking for permission.

₹849 crore on advertising and promotions last fiscal. “Our intent is that overall A&P (across traditional, digital, consumer promotion) would be higher than last year, which will increase our brand visibility and engagement across all platforms. While core channels remain important, we will allocate budget judiciously and strategically to explore high-impact digital opportunities as well," Jain added.

Japan issued an emergency alert following a suspected ballistic missile strike by North Korea on Tuesday (local time). The information was given by the Japan Prime Minister's Office on social media platform X. Minutes later, the Japan PMO said the emergency alert was being lifted as the 'suspected ballistic missile' from North Korea was not expected to reach Japan.

Also read | Route Mobile to become $1 billion business: Proximus Group CEO Belgium-based Proximus Group, which has acquired a majority stake in Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, Mint reported in May 2024. Within that, Route Mobile alone is expected to generate $1 billion in revenues, the report said.

investors started investing in mutual funds over the last one year, taking the total number of unique mutual fund investors up to 46 million. Many more investors are likely to buy mutual funds in the coming months. Investors have an option to buy and hold their mutual fund units in their demat account or they can buy units from the fund house which does not require any demat account. HOW DO YOU BUY MUTUAL FUND SCHEMES? WHAT IS THE WAY TO HOLD THEM? Once you have chosen a mutual fund scheme to buy, the next step is to proceed to buy these units and execute your transaction. There are a number of ways to buy mutual funds, be it the fund house websites, RTA (registrar and transfer agent) websites, third-party platforms and stock brokers. Investors can opt for a statement of holding, or certain brokerages give you the option to hold units in a demat form. Some brokers only offer MFs in a demat form, while a few offer a mix of the two. Depending on the comfort and ease of an investor one can choose between the two. Investors who buy units in the physical form can later convert them into a demat form, by submitting a request to the depository participant and units bought in demat form can also be rematerialised back again.

One Piece episode 1110 as the Egghead Arc nears its conclusion. The popular series, adapted from Eiichiro Oda's manga, continues to thrill viewers.

Snapchat is introducing a suite of new safety tools designed to shield teenagers from the dangers of sextortion, enhancing the platform's commitment to user protection, as per a report on CNN. On Tuesday, Snapchat unveiled a series of new safety features, including enhanced warning pop-ups. These alerts will activate when a teenager receives a message from someone who is not a mutual friend or listed in their contacts, aiming to bolster user security.

Two Raymond James Financial Services Inc. financial advisors on Monday were barred from the securities industry for not cooperating in investigations, according to the Financial Industry Regulatory Authority Inc.; both had previously been flagged by Raymond James for selling products to customers the firm had not signed off on as well as selling away, which involves offering clients investments that are not approved by the firm.

Fintech platform Altruist has unveiled a new raft of tools to help independent advisors manage their clients’ portfolios in a more tax-efficient way.

Since its launch in 2018, Zengo Wallet has quickly established itself as a leading wallet for convenience and security. The self-custody wallet stands out from the market by allowing users to control their digital assets without needing seed phrases or keys.

character-driven chatbots mark a departure from existing models, with the focus on engaging, conversational interactions rather than just providing information. The development process has been underway for some time, and Google is exploring the potential to model these bots after well-known figures or allow users to create unique personas based on their own imagination.The report further suggests that Google might collaborate with social media influencers to develop chatbots that reflect their personalities.

Canada’s Conservative Party won a special election in a district in central Toronto, dealing a substantial blow to Prime Minister Justin Trudeau’s Liberal Party ahead of a national vote expected next year.

iOS 18 Developer Beta 2 introduces a range of enhancements aimed at revolutionizing user experience (via HT Tech). Foremost among these is the integration of iPhone Screen Mirroring on Mac.

Cedar-IBSi Capital has secured funding from Middle East-based asset management firm Hades Financial Private Capital Group (HFPCG), the venture fund said in a release today. This is the second major institutional investor to get involved in this fund set up by management consultancy firm Cedar and fintech market intelligence platform IBS Intelligence.