Platform Financial News

Plans have been announced for a strategic partnership that will enhance the U.S. private wealth distribution channel of real assets investment firm The Townsend Group which advises clients with $218 billion in assets.

For Andrei Burak, modeling was mostly a side gig—a way to make a little cash as he worked his way up from lighting assistant to producer after moving from Belarus to Los Angeles five years ago. He did a number of photoshoots and even walked in LA Fashion Week twice, but at times, modeling was “super stressful," he said, between the long waits in casting lines, probing questions from casting directors and constant rejection. Burak isn’t standing in any more casting lines these days.

Securities and Exchange Board of India (Sebi), recently said "We know the entire story about how the shampoo market in India exploded when it moved from bottles to sachets and people could afford to buy a ₹1 sachet or ₹2 sachet of shampoo, but could never have afforded to buy ₹100 bottle, the market just exploded". Its heartening to see what happened in consumer goods is now getting replicated in financial markets as well. The new entrant in this trend are—bonds.

Paytm Money, the wealth management platform of One 97 Communications Ltd, has appointed Rakesh Singh as its CEO replacing Varun Sridhar, who had been its chief executive since 2020, people aware of the matter said. Singh, who was the CEO of broking services at PayU-backed Fisdom, is learnt to have joined Paytm Money last month, one of the persons said, adding that Sridhar has been moved to a different role within the group.

Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year. 

Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June.

PayNearby, India’s leading branchless banking and digital network, has announced a strategic partnership with MyShubhLife, an embedded credit platform. This collaboration aims to provide distributors with easy access to revolving credit lines, enhancing financial agility in the MSME sector.

savings account. Despite the fact that investing in the markets carries more risk than keeping money in savings, there can be a tremendously large long-term return. One of the most important factors for individual investors in the midst of market volatility is to be calm, because in most cases, many investors are concerned because of falling stock prices and disappointing news.

Do social media users have the right to control what they see — or don’t see — on their feeds

Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media

ONDC), the government-backed ecommerce network has approved its first buyer-side app for logistics that will aim to solve one of the biggest sore points of shopping through the network – seamless delivery. The platform, MP2 Innovations, will allow ONDC participants to fetch the best available delivery fleet through a single API instead of tying up with individual logistics companies, people aware of the development said.

Dune: Part Two, starring Zendaya and Timothy Chalamet, alongside Godzilla x Kong: The New Empire and A24's Civil War, both of which have become insane hits owing to their superior storyline, star-studded cast and exhilarating action sequences., according to Collider. Although the summer releases in comparison to the above films may look a bit dull, but they still have the potential to make a significant impact at the box office during the summers when the US residents will be flocking to theatres to watch these movies or binging it on popular OTT platforms available in the US, says a Collider report.

AlTi Tiedemann Global is offering another on-ramp to the private markets as it collaborates with a vaunted tech investment specialist.On Wednesday, the independent global wealth manager unveiled a partnership with noted technology investor Hiro Tamura to launch a new growth equity strategy focused on private growth-stage technology companies. This move marries Tamura’s expertise with AlTi’s robust platform, aiming to enhance its exposure to private-market investments in the tech sector.

LPL has extended its reach in the Midwest by onboarding two advisors in Iowa.

Sanctuary Wealth is supercharging its appeal to independent advisors as it finalizes a transformative acquisition in Oregon.

Google Search in the UK, while in the United States, over 1,400 people faced similar problems, with significant impacts in cities like New York, Denver, Colorado, and Seattle. Despite these disruptions with Google Search, other Google services such as Gmail, YouTube, Google Maps, and Google Talk appeared to be functioning normally.

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car's underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker's gigacasting operations. The long-term goal was to radically simplify manufacturing and slash costs.

Mint. Industry watchers, however, feel the group needs to execute a big winning strategy or have a big pull brand to become successful and eventually list. The company is aiming to hit three times its last reported numbers by Diwali 2025.

Finding the next big opportunity in the ever-changing and exciting world of cryptocurrencies can be both thrilling and difficult. Seasoned investors frequently emerge from market cycles of volatility and innovation with insightful views and methods that open doors to profitable returns. The rumors of a few of these investors are quite important, especially from those who have proven to be exceptionally adept at navigating the cryptocurrency market and capitalizing on new trends. We explore the story of one such investor in this piece—the mysterious persona referred to as a “crypto whale.” 

The Central Bureau of Investigation (CBI) in  India  has  launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.