Platform Financial News

VanEck, a renowned asset management firm, has stirred the crypto market with its latest move – launching a pro-crypto advertisement titled “Born to Bitcoin.” This strategic decision comes amidst their pending application for a spot Bitcoin exchange-traded fund with the U.S. Securities and Exchange Commission (SEC). 

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Australia’s online safety watchdog says the owner of the social media platform formerly known as Twitter has slashed its global trust and safety staff by 30% including an 80% reduction in the number of safety engineers since billionaire Elon Musk took ...

">Click here to watch the Mint BFSI Summit & Awards 2024 online India can arguably be said to be one of the world leaders in fintech, with thousands of fintech players permeating the BFSI industry. They have proliferated all aspects of BFSI, from lending to insurance to mutual funds, and that too with innovative, cost-effective practices, products and business models.

Reuters has reported. Among the affected workers are those working on the voice-based Google Assistant and at the augmented reality hardware team.

This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things.

The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms. On a year-on-year (YoY) basis, the topline is expected to rise 4.7%, while the bottomline may drop a marginal 0.3%. In constant currency terms, analysts expect HCLTech’s revenue to grow 4.6% sequentially in the quarter gone by. The country’s third largest software service provider is scheduled to release its earnings on Friday, 12th January. The growth in the topline is likely to be led by the products and platform segment, with Nuvama Institutional Equities pegging a 20% sequential growth for this segment. The services vertical is expected to report a 2.5% sequential growth, driven by the Verizon deal and integration of the recently acquired German automotive engineering solutions provider ASAP Holding.

Introduction

Chinese authorities have recently dismantled a massive underground banking network valued at $2.2 billion, which was ingeniously using foreign digital currency platforms to circumvent the country’s stringent financial controls. This operation came to light following a detailed investigation by Chinese foreign exchange police.

Introduction

bitcoin last year in El Salvador, the first country anywhere to make the cryptocurrency a form of legal tender, said a poll released Wednesday. The government of President Nayib Bukele took this pioneering step in 2021, introducing bitcoin in circulation alongside the US dollar, which replaced the Salvadoran colon in 2001. The goal was to make remittances — they account for a quarter of GDP here — cheaper to send and to get Salvadorans to open bank accounts, which 70 percent of the population lacked. However a poll by Central American University found that 85 percent of people questioned did not use bitcoin to pay for a good or service last year, and three percent have never ever used the currency.

Annamalai over his altercation with a group of Christian youth, who had objected to his entry into the church during his rally En Mann En Makkal outside St. Lourdes Church in Bommidi near Pappireddipatti on January 8.

inflation reports and major bank earnings later in the week. Microsoft, Meta Platforms and Nvidia were the biggest boosts to the S&P 500 index, as the benchmark 10-year Treasury note yield held near 4%and a $37 billion auction of the notes drew above-average demand. Communication services was the best performing of the 11 major S&P sectors, lifted by a 3.65% rise in Meta Platforms' stock, which hit its highest intraday level since September 2021, after Mizuho raised its price target to $470 from $400. Nvidia hit a record high and closed up 2.28% after fellow chipmaker TSMC beat fourth-quarter revenue expectations. After ending 2023 with a strong rally, stocks have struggled to find upward momentum, with the S&P 500 barely positive on the year, as mixed economic data and comments from Federal Reserve officials have led investors to dial back expectations for the timing and size of any rate cuts from the central bank this year. But Wednesday's gains left the index just 0.27% away from its record close of 4,796.56 set on Jan.

The Adani Group said it will invest $24 billion in Gujarat over the next five years creating 100,000 jobs. 100 countries participating Reliance Industries Ltd (RIL) proposed India's first carbon fibre facility at Hazira together with a green energy giga complex on 5,000 acres in Jamnagar in 2024. Addressing a packed Mahatma Mandir convention centre in Gandhinagar on Wednesday morning, Prime Minister Narendra Modi said India would be one of the top three global economies in the coming years. “The world looks at (India) as an important pillar of stability, a trusted friend, and an engine of growth in the global economy,” Modi told an elite gathering of corporate leaders and heads of state, including United Arab Emirates (UAE) president Mohamed bin Zayed Al Nahyan, Timor-Leste president José Ramos-Horta and Mozambique president Filipe Nyusi. “In the rapidly changing world order, India is moving ahead as Vishwa Mitra (friend of the world),” Modi said.

Upekkha, a startup accelerator focused on the software-as-a-service sector, has announced the first close of a $40 million fund at $15 million. The fund was created with leading investment from WestBridge Capital. The other limited partners, or investors in the fund, include Godard Abel, founder and CEO of G2 that ranks SaaS companies.

InMobi group is overhauling its operations by adopting an artificial intelligence (AI)-first approach, which will lead to job losses for 125 employees or 5% of the Bengaluru-headquartered advertising technology company’s global workforce of 2,500, said people with knowledge of the matter. The exercise, which is currently underway, is expected to be completed by the end of this month, they said.

For advisors who want to reap the benefits of SEC’srevamped marketing rule, Vidiance is offering a solution.

By Johann M Cherian and Ankika Biswas

U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream

Twitch, the video game streaming platform acquired by Amazon a decade ago for close to $1 billion, is laying off more than 500 employees as the company tries to turn the tremendously expensive division profitable

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit