Platform Financial News

Online marketplaces such as Amazon, Flipkart and Myntra may soon have to root out fake product reviews, as the government turns the heat on the menace that frequently leads to frustration and financial losses. The marketplaces will also be prohibited from editing user reviews to alter their message, and must ensure that the original content and intent of the reviewer are preserved, a top government official said. Companies will also be disallowed from preventing negative reviews.

Alan Ritchson came bearing fruits, but not all tasted good for the fans as the latest update stands that Reacher Season 3 will be back on screens but not until next year, according to a Collider report. In an Instagram post, recently, Ritchson shared a photo that read, «The biggest name in action hits again in 2025,» followed by the series title. The period of the release points out that fans need to wait for a while and that it will take around a year since Season 2 of the series was released on digital platforms.

Eight TikTok content creators have sued the U.S. over the new federal law that would could ban the social media platform nationwide

Slovakia’s government approved a plan to build another nuclear reactor in a country that relies heavily on nuclear electricity generation

Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business

Avendus Wealth Management has appointed Apurva Sahijwani as its managing director and CEO. Sahijwani will lead the seasoned wealth team and leverage the entire Avendus platform, with unique understanding of value creation, to advise clients holistically, according to a press release by the financial services firm.

Frank McCourt, a real estate mogul with ambitions to improve the web, on Wednesday said he plans to build a consortium to bid for short-form video platform TikTok's US business. McCourt, a former owner of the Los Angeles Dodgers and executive chairman of investment firm McCourt Global, is an unlikely contender for the ByteDance Ltd-owned app. TikTok's US assets were valued at $35 billion to $40 billion by Bloomberg Intelligence analysts.

digital intelligence platform (DIP) to the servers of Amazon Web Services (AWS) from those run by state-run Bharat Sanchar Nigam (BSNL) and the Centre for Development of Telematics (C-DoT) triggered a fierce initial reaction from mobile phone companies. They seem to have backed down after the DoT told them that critical subscriber database records (SDRs) of customers won't be stored on AWS. The DIP is used to help fight cyber crimes and fraud. The Cellular Operators Association of India (COAI) had called the move «abrupt and unilateral» in a May 11 letter to DoT secretary Neeraj Mittal and telecom minister Ashwini Vaishnaw. COAI represents India's top telcos Reliance Jio, Bharti Airtel and Vodafone Idea. The carriers had added that the shift would compromise the privacy of consumers' personal data due to the inherent nature and architecture of such cloud-based solutions.

Nirmala Sitharaman Wednesday said the government significantly increased the outlay for capital expenditure (capex) over the last 10 years to build quality infrastructure in the country, which had a significant multiplier effect on economy and investment, besides improving ease of living. She said the share of capex in overall expenditure went up to over 21% in 2023-24 as against just 12% in 2013-14 during the UPA regime, when infrastructure development remained grossly neglected. «Since 2014, our govt has allocated a total of ₹43.53 lakh crore in Gross Budgetary Support (GBS) capital expenditure, an increase of 3.72 times compared to 2004-14,» she said in a long post on social media platform X.

WandaVision spin-off, Agatha All Along. Kathryn Hahn, who will be playing the character of Agatha Harkness, will grace screens once again starting September 18. The show's debut will feature a double-episode release, with subsequent episodes airing weekly on the streaming platform. A Sneak Peek into Agatha's World

Covalent, the leading historical data availability network empowering 1000’s of customers and developers with its structured data infrastructure on over +225 chains in Web3, is aligning its innovative solution to meet the needs of future advancements of Ethereum, particularly in light of the Ethereum Improvement Proposal 4844 (EIP-4844). With Covalent’s robust infrastructure, users and developers can access a wealth of structured, verifiable data from an ever-growing repository of billions of data points, enriching over 280 million wallets to date and shaping the AI and DeFi industries with structured information.

Gauri Shankar Nagabhushanam is the Chief Executive Officer, designate CapitaLand India Trust (CLINT), with effect from 16 May 2024. He will assume the position of the Chief Executive Officer of CLINT around August 2024. Gauri is responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore. Prior to this appointment, Gauri was Chief Executive Officer, India Business Park at CapitaLand Investment, where he was responsible for growing the company’s business parks portfolio in India. This includes investments, development, operations, asset management, and strategic planning for business parks in the country.

Making Money host Charles Payne addresses the challenges of starting a small business.

Zerodha Fund House (ZFH) on Tuesday said that its Growth Liquid ETF, Zerodha Nifty 1D Rate Liquid ETF, has crossed Rs 1,000 crore in assets under management (AUM).

In recent times, India has witnessed a significant surge in gold rates. As of April 19, 2024, the price of gold stood at ₹6,765 per gram for 22 karat and ₹7,380 per gram for 24 karat. This increase in gold prices has a direct impact on the borrowing habits of individuals, especially in a country like India where gold is not just a precious metal but also a cultural symbol of wealth and security.

In the landscape of finance, a radical shift is ongoing, it challenges the traditional investment landscape for financial gains. This transformation is vainly guarded by Social Stock Exchanges (SSEs); it prioritizes investing in social and environmental causes along with monetary returns. As the world is facing numerous challenges, climate change, poverty, social injustice, and inequality, SSEs provide an opportunity for investors to align financial objectives with societal development.

Aztec Fluids & Machinery IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 10 to May 14, attention now turns to the allotment procedure for Aztec Fluids & Machinery IPO. The allotment for the Aztec Fluids & Machinery IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website.

Mint, Alex Sinclair, GSMA's chief technology officer, said BharatGPT could be a potential solution. An initiative by Reliance Jio in collaboration with IIT Bombay, the generative AI (Gen AI) platform aims to serve speakers of 14-plus Indian languages, including Hindi. Sinclair said that other GSMA members, such as SK Telecom, Deutsche Telekom, and Singtel, are already sharing AI models in their respective languages.

Read more: Why regulatory restraints are not enough to contain retail trading in F&O Another prevalent channel through which people buy mutual funds is banking. Many people—especially the older generation—happen to buy MFs through banks as they’re easy targets for the banks. Bank employees generally need to meet their sales targets and guiding investors is usually not their forte once the sales are done.

BENGALURU : Red.Health, a healthtech startup backed by Kalaari Capital, has secured $20 million in a Series B funding round, in a combination of equity and debt, led by Singapore-based venture capital firm Jungle Ventures. The round also saw participation from both existing and new investors, including HealthQuad, HealthX, and Alteria Capital, the company announced on Wednesday. This fresh injection of capital comes as a significant relief for Bengaluru-based Red.Health, which has faced considerable financial challenges over the past year.

Navrattan Group's Himansh Verma has announced the launch of a new OTT platform. «Our objective isn't merely to step into the OTT realm but to revolutionize it entirely.