Platform Financial News

Many investors are discovering that their existing KYC status has become invalid. The validity is determined by the identity or address proof submitted during KYC registration. The regulator has narrowed down the list of officially valid documents (OVD) that can be used as proof. This list includes documents like Aadhaar, passport and voter ID, among others. The previously valid documents like bank statements and utility bills are not in the revised list. So your previously registered KYC would have been put ‘on hold’ if it was done with non-OVD documents, or your e-mail/mobile were not verified. Such investors are no longer allowed to transact even for existing investments. This means any running SIPs or fresh investments will not go through, nor will they be able to redeem the money. These investors must complete a new KYC process by submitting any of the OVDs to either a mutual fund house, KRA (KYC Registration Agency), or mutual fund platform. “All investors whose KYCs are on hold have to do it all over again,” asserts Amol Joshi, Founder, PlanRupee Investment Services. Once their KYC status is updated to ‘validated’, they can start transacting again.

Streaming service provider Roku said on Friday it identified a second cyberattack that impacted about 576,000 additional accounts while investigating a breach that affected 15,000 user accounts earlier this year. The company, which had more than 80 million active accounts, said the hackers did not gain access to any sensitive information such as full credit card numbers or other payment details.

Meta over what he said were thousands of scam cryptocurrency advertisements on Facebook that feature his face. The decision is a setback for Forrest, the 37% owner of iron ore producer Fortescue Metals Group and Australia's second-richest person, in his quest to hold the internet giant accountable for the ads. A separate civil lawsuit he has filed against Meta over the ads in California is ongoing.

WhatsApp has become a breeding ground for scams, and one of the most prevalent is fake advertisements. Among these scams, those related to fake stock tips are particularly notorious. Recently, Zerodha co-founder Nikhil Kamath took to social media to warn users about such scams, urging them to exercise caution. Kamath shared an image on the platform X promoting a WhatsApp group for stock tips allegedly by him. However, he clarified that he has never had any WhatsApp group for stock tips. He requested users to report such advertisements, emphasizing, «Scam alert, this is obviously not from me, I have never had or have any WhatsApp groups, nor do I give tips etc. Please report these.»

The Tattooist of Auschwitz,' a series based on Heather Morris's bestselling novel. The new trailer, released alongside character art, offers a glimpse into this poignant love story set against the backdrop of the Holocaust.

Bob Marley: One Love is set to captivate audiences at home on Paramount+ and MGM+. Directed by Reinaldo Marcus Green, the film chronicles the life and ascent of legendary reggae artist Bob Marley, portrayed by Kingsley Ben-Adir. Streaming Platform

Prime Video has taken content releasing pretty seriously with their plans to launch some amazing films and series on their platform this month. The latest set of content involves apocalyptic-themed movies, detective series, sci-fi content, and whatnot. This plethora of content this April is somehow too much to digest for Prime Video fans who were waiting for such an opportunity to binge-watch some amazing stuff.

Rameswaram Cafe blast case from West Bengal has triggered another round of war of words between the Trinamool Congress and the BJP, just one week ahead of the first phase of the Lok Sabha polls. While the BJP projected this as another example to continue its allegation that the state has become a safe haven for terrorists, Trinamool supremo and CM Mamata Banerjee said the state police were quick to act in the arrest of the accused who hailed from another state and asked what the BJP governments were doing. The Bengal Police, meanwhile, took to microblogging platform X to deny BJP's allegations. One of the first to hit out at the Trinamool government on Friday was BJP Bengal co-in charge Amit Malviya.

Globant Chief Executive Officer Martin Migoya is choosing not to adopt a return-to-office policy for his nearly 30,000 employees across 33 countries, making the software giant one of the world’s largest tech companies by headcount to remain fully remote. It’s not that Migoya doesn’t appreciate in-person work. He’s been adding office space post-pandemic and employees are coming back, he said in an interview with Bloomberg Editor-in-Chief John Micklethwait.

Funding among Indian fintech startups has dropped 57% year on year to $551 million in the first three months of 2024, compared to $1.3 billion raised in the same period last year, according to the Fintech India report released by data intelligence platform Tracxn on Friday. However, despite the year-on-year decline, there was a 59% rise in fintech funding from the previous quarter (October to December 2023).

In the dynamic landscape of business, every fiscal year brings its unique set of challenges and opportunities. Yet, amidst uncertainties, companies manage not only to weather the storm but to emerge stronger and more resilient than ever before. As we reflect on the past financial year, we present a list of inspiring stories that highlight the extraordinary journeys of ten companies.

ZEE, through its wholly owned subsidiary IDPL, has entered into an aggreement with Media, PR & Advertising firm Newsreach to invest Rs 8.76 crore. The investment will be done through subscribing to equity shares and/or convertible equity linked instruments (Optionally Convertible Redeemable Preference Shares) of Newsreach. The investment will happen in tranches. The Tranche – 1 investment is expected to be completed by or before June 30, 2024.

AWD. With this code, you will save the maximum possible on trading fees. Register here: https://app.hyperliquid.xyz/join/AWD Hyperliquid stands as a groundbreaking order book perpetual futures decentralized exchange (DEX).

HAL Share Price Today: Shares of public-sector undertaking (PSU) Hindustan Aeronautics Ltd or HAL rose more than three per cent to hit a lifetime record-high mark during intra-day on Friday, April 12. The surge in shares came as the Defence Ministry today issued a tender to the defence major for buying made-in-India 97 LCA Mark 1A fighter jets.

Elon Musk is clashing with a bald, athletically built Supreme Court justice in Brazil over free speech, far-right accounts and misinformation on X

TCS Employee Attrition: IT firm Tata Consultancy Services (TCS) on Friday, April 12 announced its fourth quarter results. The company reported a net profit of ₹12,434 crore in the fourth quarter, registering a growth of 9.1 per cent year on year (YoY) basis.

Fidelity Investments has launched three new liquid alternatives ETFs, enhancing its $14 billion alts lineup.

Ramco Systems, a global aviation software specialist, jumped another 13.5% in today's trading session, reaching ₹386.90 apiece to hit a 2-year high. This strong rally has pushed the stock to gain 44% in April so far.

Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations. The Indian entrepreneur shared a picture on his official X handle saying that it was not him and called it a "Scam".

Two decades ago, India stood on the brink of the mobile phone revolution, and today, it has permeated every corner of the nation, with 90% of the population owning mobile phones. This surge in mobile phone adoption has not only transformed various industries but also catalysed the Digital India campaign launched in 2015, which significantly enhanced broadband connectivity even in remote regions of the country.

Playing with cryptocurrency is one of the main requests of modern players in 2024. This need of users began to be fulfilled last year by Bitz crypto casino, which opened last year.