Platform Financial News

Cloudphysician, an online healthcare and technology solutions provider, has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners. The round also saw participation from Elevar Equity and venture debt firm Panthera Peak.

Akhila Chaganti is an Associate in the Product Management team for Securities Services in the Corporate Bank at Deutsche Bank Singapore. She graduated from the National University of Singapore with a major in Economics in 2020 and joined Deutsche Bank’s Graduate Programme a few months later. This is what a typical day looks like for her.

Google has recently changed its algorithms and is now planning on rolling in some new updates for its shopping search tools ahead of the summer sales season, including Amazon Prime Day 2024 sales. The new updates attempt at giving shoppers a much better user experience when they arrive on the search site to browse their product of choice. The new update will in fact help users find the cheapest deals and the lowest price amongst retailers, based on the similar products, says USA Today.

college baseball calendar is heading to a close with an epic title clash on the cards that will see top-seeded Tennessee and No. 3 seeds Texas A&M go head-to-head against each other with all guns blazing, in a bid to emerge as the winners of the final event in the 2023-24 NCAA college sports calendar, according to USA Today.

demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking at the auto major's 79th AGM, he noted that the initiative will lead each company to deliver a superior experience for customers, better growth prospects for employees and enhanced value for shareholders. «This (demerger) will also help secure the considerable synergies across PV, EV and JLR particularly in the areas of EVs, autonomous vehicles, and vehicle software,» Chandrasekaran said. In March this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities.

What’s the best way to pay for your SIPs – UPI Autopay or eNACH? Your choice matters as the two methods have different functionality and register your SIPs in different ways. 

Charles Schwab’s division that focuses on increasing giving in the U.S. has reached a milestone 25 year anniversary – and is changing its name.

CoinStats, a leading crypto portfolio tracker trusted by over 1 million users globally, is proud to announce a major update to its platform, introducing the industry’s most precise profit and loss (P/L) analysis. This enhancement reflects CoinStats’ ongoing commitment to equipping users with superior tools for managing their cryptocurrency investments.

CoCo Coin ($CoCo) emerges at the forefront of digital innovation by seamlessly blending meme culture with financial incentives. This groundbreaking meme coin introduces a new concept where users can earn rewards through social media interactions on X.

Tokenized financial assets are poised to achieve a market size of approximately $2 trillion by 2030, according to analysts at consulting firm McKinsey & Company.

The recent backlash faced by the financial services platform Groww serves as a stark reminder of the potential risks associated with digital investment platforms.

eInfochips, an Arrow Electronics company, a provider of product engineering and digital transformation services, announced that two of its client engagements have been recognised as Standout Case Studies by ISG, in the energy and healthcare, and life sciences categories within the North American region. According to a statement, eInfochips was recognised for its contribution to the development of ELSA, a “Brilliant Assistant” smart surgical display platform designed to streamline workflows and integrate AI into operating rooms. ELSA has delivered significant value, with the client SoftAcuity, a medical technology provider, estimating a tenfold increase in ROI, highlighting the transformative impact of this solution. According to ISG, this case study showcases collaborative new product development driven by specialised technological and engineering expertise.

Shivraj Singh Chouhan has caught flak from the Congress for saying that “entire Delhi is bowing down" before his father.Speaking at a public meet in Bherunda of Budhni assembly segment of Sehore district on June 22, Singh hailed his father's landslide victory from Vidisha seat in the recently concluded 2024 Lok Sabha elections. He won by a margin of over 8.20 lakh votes and was appointed as agriculture minister in Modi 3.0 Cabinet.“I have just returned after staying in Delhi. Earlier too, our leader (Chouhan) was popular as chief minister.

travel and tourism industry is rocketing, with wanderlust hitting new heights around the world and especially in India. The travel industry in India is expected to grow at a compound annual growth rate (CAGR) of 9% over the next five years, driven by surging interest in travel, government initiatives to boost infrastructure and transportation, and rising disposable incomes. The boom has intensified competition among travel companies, which are all vying to be your one-stop travel partner by offering custom-built adventures, cutting-edge tech tools, and deals.

Nanda's job at General Electric Co. back then was putting some plastic between the bumper and the beam of a Suzuki Swift. The plastics division, which traced its history to the early days of synthetic rubber, had hired the young engineer from the state-run Defense Research & Development Organization, placed him at one of GE’s new facilities on the outskirts of Bengaluru, and asked him to find a cost-efficient way to reduce the impact on pedestrians in auto accidents.

SME IPO of Visaman Global Sales has opened for subscription today and will close on June 26. The company aims to raise about Rs 16.05 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Visaman Global Sales

Groww has come under heavy criticism on social media after a user alleged that investment made via the app did not actually happen and that details of the folio were wiped out when the question was raised with the company.Taking to social media, a user accused the company of fraud, alleging that when his sister first invested the money, the app generated a folio and displayed the current amount of growth. However, the issue was discovered when the user tried to redeem the investment.Allegedly, the mutual fund in which the investment was made said that the folio number did not exist.

Mutual funds bet big on manufacturing: Is it time to invest? For example, through this route, a trader or investor can sell stocks and buy liquid ETF units simultaneously on the same day. On a T+1 basis, stocks are debited from the demat account, and on T+1, liquid ETF units are credited, allowing the investor to start earning returns immediately. Dividend-based liquid ETFs maintain a fixed NAV of ₹1,000, offering more predictability.

The Goods and Services Tax (GST) Council under the chairpersonship of finance minister Nirmala Sitharaman, after its first meeting on Saturday since the new government assumed office, has announced many changes to make compliance easier. Among them are a waiver of interest and penalty on certain past tax demands, tweaks in monetary limits to reduce litigation, reduction in the pre-deposit amount needed for filing appeals and exemption of railway platform tickets, among other items. These are welcome moves that will ease GST’s burden for some.

Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive director at Godrej & Boyce, will head this family office. Her sister is a non-executive director of Godrej & Boyce.

Brookfield Asset Management Inc. is aiming to more than triple investments in India’s renewable energy sector to over $10 billion in the next three-four years. It’s also looking at acquisitions in the segment besides exploring opportunities in electric vehicles (EVs) and green hydrogen. Brookfield is the second-largest investor in India’s green energy assets. “In terms of size and scale, we are close to $3 billion AUM (assets under management),” Nawal Saini, managing director of Brookfield’s renewable power and transition group, said in an interview. “We think this will be well over $10 billion in the next three-four years as we deploy more capital in just these existing platforms.”