Platform Financial News

startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to achieve profitability.

moon lander has survived a third freezing lunar night, Japan's space agency said Wednesday after receiving an image from the device three months after it landed on the moon. The Japan Aerospace Exploration Agency said the lunar probe responded to a signal from the earth Tuesday night, confirming it has survived another weekslong lunar night. Temperatures can fall to minus 170 degrees Celsius (minus 274 degrees Fahrenheit) during a lunar night, and rise to around 100 Celsius (212 Fahrenheit) during a lunar day. The probe, Smart Lander for Investing Moon, or SLIM, reached the lunar surface on January 20, making Japan the fifth country to successfully place a probe on the moon.

GoFundMe is expanding into Mexico, the company announced Tuesday

The Senate has passed legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of c...

Ultimate Wallet and its mobile team were acquired by Solana’s leading decentralized exchange (DEX) aggregator, Jupiter, on April 23.

The Cardano Foundation unveiled PRAGMA on April 22, a strategic initiative designed to propel open-source development within the Cardano blockchain ecosystem and beyond.

stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks. Tesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehicle models and quarterly revenue that missed analyst estimates. Its shares jumped 6% in extended hours trading.

Hitachi Payment Services has launched India's first upgradable ATMs wherein, an ATM unit can be converted to a cash recycling machine (CRM) as and when a bank needs it, eliminating the need for a separate CRM. This can be done at a bank branch, and offsite as well. Most banks offer deposit services at branches, and withdrawals can happen at off-branch locations. With a way to upgrade ATMs to CRMs, banks eliminate the need to replace ATMs. These machines will be UPI-enabled for cash deposit and withdrawal.

UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said. The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.

LPL Financial has just expanded its network in the Northeast.

BlockDAG, alongside giants like Cardano and Dogecoin, is making significant waves in the cryptocurrency industry thanks to its superior technology and successful presale event that garnered $19.8 million. The recent moonshot teaser and the impending Cardano transactions and Dogecoin payments highlight the innovative potential of these technologies.

content consumption and on-demand viewing getting more prevalent, say industry executives. Having lost customers to over-the-top (OTT) platforms, traditional TV distribution platforms are looking at bundled services to retain customers. In 2023, the domestic pay TV industry lost two million customers, according to a Ficci-EY report. Telecom operators Bharti Airtel and Reliance Jio have been bundling data and content for several years. Among standalone players, DTH company Tata Play has been bundling linear TV and OTT offerings for subscribers through a single billing.

Is the controversy and skepticism around environmental, social and governance investing finally easing? Holly Mazzocca of Cincinnati-based Bartlett Wealth Management, one of the oldest RIAs in the country, believes it is.

₹50,000 crore corpus, out of which ₹10,006 crore would come from the Centre and the rest from private capital or venture capital funds. The ministry of MSMEs last month tweeted saying that about ₹7,593 crore investment has been ploughed into 425 MSMEs in the past three years. In addition, 51 daughter funds – an alternative investment fund -- have been empanelled under the NSIC Venture Capital Funds (NVCFL).

₹400 crore at present," he said. Looking ahead, Dish TV India envisions a future without traditional set-top-boxes, signalling a fundamental shift in its operational paradigm.

Also Read: Unauthorised transactions in your Demat account? Here's what to do next Demat accounts are offered by the Depository Participants (DPs) who are registered with depositories such as CDSL and NSDL. DPs act as intermediaries between you and other key entities in the financial ecosystem, including depositories, stock exchanges, and clearing corporations.

geo-strategic landscape is characterised by a change that is taking place at an «unprecedented» scale and speed, Army Chief Gen Manoj Pande said on Tuesday while asserting that military strength and capabilities are necessary to prevent wars. Recent geopolitical powerplays have displayed, that where national interests are concerned, countries will «not hesitate» to go to war. These developments have reaffirmed the relevance of hard power, he said this during an event here. The Army chief took part in the AIMA National Leadership Conclave and spoke on 'Hard Power: Modernising Forces through Self-reliance'. He said the overall rise of a nation can be said to occur when there is a significant and continuous increase in its «comprehensive national power».

Karnataka High Court has, by a recent order, directed the State Government to protect the operations of bike taxis in Bengaluru. The Court order, dated March 28, came in response to petitions filed by the Bike Taxi Welfare Association.

Fractional ownership platforms have started the process of registering under SM REIT regulations, a month after Securities and Exchange Board of India (SEBI) notified these rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets, rental housing, warehousing, and hotels. Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. “With Sebi notifying amended regulations for SM REITs, investors can now have ownership of rent-yielding real estate assets by making a minimum investment of Rs 10 lakh. The move will help enhance transparency and boost participation of both domestic and foreign retail investors thereby leading to better liquidity in the market,” said Umesh Sahay, founder & CEO, EFC (I) Ltd.

The BTC halving session has changed the entire scenario of the market, and the biggest shift can be seen in the meme market. One of these coins, BEFE, has been performing incredibly throughout the week post-halving session. This brings up the question: is BTC halving the only reason why BEFE is rising? 

BlockDAG captures significant interest. Recording $19.8 million in its presale, BlockDAG stands out with its sophisticated blend of blockchain and Directed Acyclic Graph (DAG) technologies. These innovations are propelling it towards high performance in the crypto presale arena.