Platform Financial News

LinkedIn said it's reviewing the order of the ministry of corporate affairs (MCA) to determine its next move after the ministry slapped penalties totalling ₹27.1 lakh on the Microsoft-owned professional networking platform and top executives, citing violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. In an email reply to ET, a LinkedIn spokesperson said: «We comply with the laws of the countries we operate in.

Retirement account balances have reached their highest levels in over two years, driven by record-high contributions and favorable market conditions, according to Fidelity Investments’ first-quarter 2024 retirement analysis.

Social media platforms have been buzzing with discussions about Ethereum vs. Solana, fueled by notable value actions as they entered new price zones. On the other hand, GameStop’s token price increased significantly due to the massive surge in the stock market. Meanwhile, BlockDAG (BDAG) continues to capture global investor attention with its innovative mining devices and presale success.

Charles Schwab Corp. is planning to roll out an alternative investments platform in phases for individual investors this year. 

A post shared by Netflix India (@netflix_in)The movie revolves around the lives of three women who work as flight attendants. All of these women come from different backgrounds but face the same financial security problem.The film then shows that the three women decide to earn money by smuggling after their airline, Kohinoor Airlines, goes bankrupt.The trio has its ups and downs, but they ultimately emerge victorious.The film features Kriti Sanon as Divya Rana, Tabu as Geeta Sethi, and Kareena Kapoor as Jasmine.

₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem.

school holidays, many are seeking to escape the heat by heading to cooler hill stations. This year, redBus, the world’s largest online bus ticketing platform, has reported a significant increase in holiday travel bookings. Hill stations like Manali, Shimla, and Dharamshala are becoming top choices for those looking to enjoy the serene beauty of the mountains. These destinations offer not only a break from the scorching heat but also a chance to indulge in various activities such as trekking, river rafting, and sightseeing. Families and solo travelers alike are flocking to these spots, eager to experience the lush landscapes and cool climates. The trend indicates that more people are opting for road travel to explore these picturesque locations, preferring the flexibility and adventure that bus journeys provide over other modes of transportation. With the charm of hill stations drawing large crowds, it's clear that many are taking advantage of the school holidays to create memorable summer experiences.

Michael Summersgill, chief executive of the platform, argued the GB ISA was «not the right solution» to boost investment in the UK economy or revive the health of the London stock market, suggesting the «extra complexity» would only further damage an ISA system that has «already become too complicated». GB ISA panel: Success for UK equities will be in the details «Our research shows complexity deters would-be retail investors from engaging with investing altogether, meaning that over the long term there is a high risk a UK ISA would actually be counterproductive,» he wrote. «We bel...

Gate.io’s Hong Kong entity, Gate.HK, is winding down its operations. It has also withdrawn its application for a crypto trading platform license in the region.

Conversational commerce is essentially chat-based assisted shopping where online shoppers use chat platforms such as WhatsApp or Instagram to interact with and purchase goods or services. For instance, one can order a soundbar from JioMart Shop on WhatsApp, by going through the catalog of products available via a link within the chat app, complete the purchase on the JioMart webpage using any method, including opting for cash on delivery, and then track the delivery of the soundbar from within the chat.

Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%.

In the company's annual results for the year to 31 March 2024, SMT revealed it had parted ways with the Chinese mobile platform over concerns the country's ongoing political and regulatory developments could stifle growth. Scottish Mortgage returns to TSMC for the first time in a decade «The constraints that go with scale for Chinese businesses have increased substantially,» said lead manager Tom Slater. «As a result, it will be difficult for Tencent to meet our more demanding inclusion criteria over the coming years,» Slater said, parting ways with the firm despite having a «massi...

The consortium comprises of CVC Advisers; Nordic Capital XI Delta; SCSP (also known as Nordic Capital); and Platinum Ivy B 2018 RSC, a wholly-owned subsidiary of Abu Dhabi Investment Authority managed by its private equity investment department. Hargreaves said the consortium's second bid – which was made on 26 April 2024 — offered 985 pence per ordinary share in the platform – valuing the company at more than £4.6bn, based on the total number of shares at its annual general meeting in October 2023. Hargreaves Lansdown partners with BlackRock for multi-asset index funds launch HL's...

MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo in a phased manner. Both the entities have signed a memorandum of understanding to this effect. The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said in a statement.

South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring.

The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app.

Also Read: Union Budget and the path forward for Indian RailwaysThe platform maintenance work will last nearly a fortnight and will result in the cancellation of many trains operating between Pune and Mumbai.Also Read: Buddha Purnima 2024: From banks to offices, what's open and what's closedAccording to an HT report, the Pune-Mumbai-Pune Pragati Express will stand cancelled from May 28 to June 2. Meanwhile, Pune Mumbai Intercity Express will be cancelled from May 31 to June 2.

Heineken last month introduced what it calls the Boring Phone, an early-00s style flip-to-answer- device featuring a keypad, flashlight, FM radio, low-resolution camera and not much else. With an ability to make calls and send texts, but under no circumstances access social media, the phone is designed to be a portal back to the days when people would socialize in person without continually maintaining parallel lives on the internet.

Finvolve, a joint venture of India Accelerator and Finolutions, has closed its two maiden funds at a total corpus of Rs 100 crore, founder Apoorva Vora told ET. The Mumbai-based angel investment firm takes a unique approach and curates a deal flow of startups to wealth managers only, for them to be able to make returns for their clients.

Bridgerton season 3 part 1 on Netflix has received a strong response from OTT streaming platform's viewers. This has paved the way for the much awaited second part. A 10-day viewership report has been out for Bridgerton season 3 part 1 which was released on May 13 on Netflix. The first part of the Bridgerton's third season is higher than the first parts of 'You' Season 4, "The Witcher" season 3, "The Crown" season 6, "Virgin River" season 5, and "The Lincoln Lawyer" season 2, as per a report on WhatsOnNetflix.

With today’s technological advancements, financial advisors, insurance companies, broker-dealers, law firms and CPA firms never had it this good. Nowadays, turnkey asset management providers (TAMPs) can handle many administrative and back-office functions when it comes to managing clients’ investment accounts.