Platform Financial News

7 Altcoins that can skyrocket your portfolio Here is our thoughtfully curated list of the seven best altcoins that can skyrocket your portfolio and may probably make you an overnight millionaire! 5thScape (5SCAPE)

Zentry, formerly known as GuildFi, has secured funding in a strategic round to build its Metagame Layer.

risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin, the biggest cryptocurrency, is near all-time highs while ether, the second biggest, is up more than 60% this year.

Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s 79th annual report. With the turnaround the company is embracing the structural shifts which includes an irreversible move to green mobility, rebalancing of supply chains to achieve resiliency digital acceleration with Artificial Intelligence and Machine Learning becoming mainstream, from a position of strength and confidence. The company’s UK subsidiary, Jaguar Land Rover, which delivered record operational performance in the year gone by, “will continue to double down on its journey to become a premium luxury OEM, deliver strong revenue growth, improve profitability further, drive positive free cash flows, focus on enhanced customer love and continue to invest in products and technologies,” wrote Chandrasekaran. Over the next three years, JLR plans to launch a raft of new models in the internal combustion engine and electric vehicle segments.

Pudgy Penguins has partnered with Mythical Games to create a blockchain-enabled AAA mobile game to launch in 2025.

SME IPO of TBI Corn opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About TBI Corn

TBO Tek reported revenues of Rs 1393 crore for financial year 2024, an increase of 31% year on year. The company said it clocked a net profit of Rs 201 crore for financial year 2024, up 35% year on year.

Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. account for 30% of the benchmark, up from about 26% at the start of the year, according to data compiled by Bloomberg. The S&P 500 is weighted by stocks’ market capitalizations.

A New Mexico judge has granted Mark Zuckerberg's request to be dropped from a lawsuit that alleges his company has failed to protect young users from exposure to child sexual abuse material

Reliance Retail Ventures Ltd (RRVL) has launched a pilot programme on the government-backed Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform where the Reliance Industries unit has a stake, people in the know said. Currently, one Reliance Retail store called Shri Kannan Departmental Store in Madurai in Tamil Nadu is live on the seller side of ONDC through Fynd. «This is being done as a pilot. A few more stores in Tamil Nadu are in the pipeline. They are testing it out. If it works, then Reliance Retail will scale it up to five stores and then to 100 stores on ONDC. Gradually all brands owned by Reliance Retail will go live on ONDC,» a source said.

Jio Financial Services (JFSL) has launched a new app named Jio Finance which is poised to compete with other major fintech applications. The app is currently in a beta testing stage and will be fine tuned after user feedback, the company said in a filing to the stock exchanges on Thursday. Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.

Authorised Push Payment fraud has soared in recent years, with UK losses of more than $500 million last year. To tackle this, regulators are rolling out new rules for the banking industry that, from October, will see the vast majority of money lost to APP frauds reimbursed to victims. However, UK banks have long been campaigning for big tech, social media and telcos to take more responsibility for fraud that originates from their platforms.

Arete Wealth has announced a deal to bolster its presence in California with a new branch office and more than $800 million in AUM.

Alex Labs, a Bitcoin layer-2 (L2) developer, announced a detailed recovery roadmap and enhanced security measures on May 29 in response to a recent breach.

In A Violent Nature. This Canadian horror movie, which garnered attention at the 2024 Sundance Film Festival, is set to terrorize audiences as it hits theaters this week. Here’s everything you need to know about where and how you can watch In A Violent Nature.

Realta Wealth has taken another step in its leadership-building efforts with a new C-suite addition.

Raymond James has acquired a beefy book of nearly $1 billion in client assets through a new addition to its financial institutions division.

With the crypto market enjoying an uptrend—Bitcoin hitting a new all-time high (ATH), Ether nearly reaching its peak, and meme coins starting to pump again—RWA project Lingo has begun its airdrop season to reward its strong and vibrant community.

Apollo Hospitals on Thursday reported a 76% year-on-year (YoY) jump in net profit to Rs 254 crore in Q4FY24, led by growth across the hospital, diagnostics, speciality and pharmacies businesses. The company reported a net profit of Rs 145 crore in the corresponding quarter of the previous year.

Generative AI is poised to reshape the landscape of financial advice for retail investors, with more GenAI tools emerging as a prominent source of advice, according to a new report from Deloitte.

Facet, a fintech company that provides fee-only financial advice through a subscription-based model, is boosting its ability to offer estate planning services through a new strategic partnership.