Platform Financial News

In the realm of financial education, the significance of imparting fundamental money management skills to children at an early age cannot be overstated. As leaders in the financial sector, executives understand the pivotal role that proactive financial education plays in shaping future generations. One notable strategy in this endeavour is the opening of investment accounts for children, a pathway towards instilling financial responsibility and fostering long-term financial acumen.

elections significantly capture public attention. Politicians, political analysts, stock market experts, and even families are all abuzz about the electoral process, making it a pervasive topic of conversation. As the nation is engrossed in election discussions, it's an opportune moment to reflect on how the stock market has fared since the previous election.

Florida Governor Ron DeSantis on Monday signed a bill that bans children aged under 14 from social media platforms and requires 14- and 15-year-olds to get parental consent, a measure supporters say will protect them from online risks to their mental health. The measure requires social media platforms to terminate the accounts of people under 14 and those of people under 16 who do not have parental consent. It requires them to use a third-party verification system to screen out those who are underage.

Silicon Valley’s biggest tech companies. While Sanghvi is known for being the first woman engineer at Facebook, Agarwal was chief technology officer at file-sharing company Dropbox till 2018. Sanghvi went on to launch South Park Commons (SPC), named after a San Francisco neighbourhood, in 2016 as a collective of engineers, founders and researchers. Since then, SPC has grown from being a learning group to a platform that has raised two funds to back entrepreneurs with very early stage ideas. Having expanded to New York, SPC is now eyeing India even as it is in the process of launching its third fund. Sanghvi and Agarwal spoke to Samidha Sharma and detailed their plans for India with Flipkart cofounder Binny Bansal. Edited excerpts:

Indian Space Research Organisation (ISRO) on Monday announced that its PSLV Orbital Experimental Module-3 (POEM-3) re-entered the Earth's atmosphere without leaving any debris in orbit. The ISRO has termed it “another milestone". "The PSLV-C58/XPoSat mission has practically left zero debris in orbit," the space agency said.

By Saqib Iqbal Ahmed

Tata Play's revenue from the core direct-to-home (DTH) business is predicted to decrease in the medium term due to moderation in its subscriber base. Still, this decline is anticipated to be offset by growth in broadband and over-the-top (OTT) businesses. According to a report by Crisil, the company's operating margins may face pressure in FY24 and FY25 due to moderation in the DTH subscriber base, partially offset by OTT aggregator Tata Play Binge's improved metrics and Tata Play Broadband's expected breakeven. The company's DTH subscriber base decreased in September 2023 compared to September 2022 due to competition from DD Free Dish and OTT platforms.

With Reddit options able to be traded from today, it has sparked discussions about the potential resurgence of investor appetite for loss-making companies. So far this year, we have seen a trend of retail investors showing a slightly increased interest in high-risk, high-reward investments once again.

A lot of “What ifs” still surround a bill the U.S. House passed last week that would mandate TikTok′s Beijing-based parent company to sell its stake in the platform or face a nationwide ban

A federal judge has dismissed a lawsuit by Elon Musk’s X Corp. against the non-profit Center for Countering Digital Hate, which has documented the increase in hate speech on the site since it was purchased by the Tesla owner

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday

Florida will have one of the country’s most restrictive social media bans for minors — if it withstands expected legal challenges

Authorities in Nigeria say an executive of global cryptocurrency exchange Binance has escaped custody in the West African nation where a criminal investigation has been launched against the platform accused of being used for money laundering

ALSO READ: Zepto rolls out subscription service, fuels competition in quick commerce market Taking to X, Albinder Dhindsa, CEO of Blinkit, the quick-commerce arm of Zomato, wrote, “We hit our all-time high orders, OPM (orders per minute), and almost every other metric on the board! Thank you for choosing us for your Holi needs." It is becoming common for quick-commerce platforms these days to get good OPM during special occasions, as people are looking for instant deliveries. “White T-shirt sales (are) spiking on Zepto this Holi… People are starting to realise that Zepto serves a lot more use cases than daily grocery," Aadit Palicha, co-founder and CEO of Zepto said in a post on X.

The crypto market is growing at lightning speed. MiCA is about to implement new regulations in June and December, the total crypto market cap has reached $2.37T, and Bitcoin is skyrocketing to its all-time highs. 

With Reddit options able to be traded from today, it has sparked discussions about the potential resurgence of investor appetite for loss-making companies. So far this year, we have seen a trend of retail investors showing a slightly increased interest in high-risk, high-reward investments once again.

Binance's regional manager for Africa, British-Kenyan Nadeem Anjarwalla, was detained alongside colleague Tigran Gambaryan by the Nigerian government in late February.While the two executives were not charged with any crime, the government demanded almost $10 billion in compensation from the cryptocurrency firm, accusing it of manipulated foreign exchange rates through currency speculation and rate-fixing.The central bank governor Olayemi Cardoso said Binance Nigeria had moved $26 billion worth of untraceable funds.A presidential spokesman has now told Bloomberg that Anjarwalla has escaped from the guest house where he was being detained. Amid speculation that he has fled the country, Nigerian is working with Interpol to secure an international arrest warrant for him.A Binanance spokesperson has told CNBC: "We were made aware that Nadeem is no longer in Nigerian custody.

In recent years, India has elevated to a stage where it has acquired the status of having the world’s largest overseas diaspora, with approximately 32 million NRIs and OCIs. Amongst the broad spectrum of India’s NRI network, Gulf countries continue to acquire the largest concentration, along with other countries like Singapore, the US, Canada, the UK, etc. With a plethora of NRIs moving abroad in search of better job opportunities and education, it is important to note that NRIs are taxed in India on the income generated within the country itself.

Out of 136.4 million single holding demat accounts, around 99 million or 72.5% do not have any nomination details, a consultation paper by Securities and Exchange Board of India (Sebi) shows. In case of joint holding demat accounts, 37.2% do not have any nominations.

One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the global cryptocurrency exchange.

Investing.com — U.S. futures slipped lower Monday, consolidating at the start of a holiday-shortened week ahead of the release of key inflation data and several Fed speakers.