Platform Financial News
06.12 / 18:45
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Facebook parent sued by New Mexico alleging it has failed to shield children from predators
New Mexico's attorney general is suing the parent company of Facebook and Instagram claiming it failed to protect underage users from exposure to child sexual abuse material and let adults solicit pornographic imagery from them
06.12 / 18:35
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Last call for votes: 5-Star Fund Providers and 5-Star Research Platforms
Readers have until Friday to let InvestmentNews know how well their fund providers and investment research platforms are doing.
06.12 / 17:25
06.12 / 17:25
06.12 / 17:06
Provident
Platform
Actis, Mahindra Lifespace to make partial exit worth Rs 120 cr from Mahindra Homes
Actis and Mahindra Group’s real estate and infrastructure development arm Mahindra Lifespace Developers are together making a partial exit worth over Rs 120 crore from the latter’s subsidiary Mahindra Homes. The developer has approached the National Company Law Tribunal (NCLT) with an application to reduce its equity share capital and provide exit to both the entities. The tribunal has admitted the petition and fixed it for hearing in March. Mahindra Homes’ petition states that the company is generating steady cash flows and intends to continue its existing business operations.
06.12 / 16:47
06.12 / 16:13
Digital
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economy
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information
Rural-fintech Startup Navadhan Raises USD 5M Led by Prime Venture Partners
Mumbai, Maharashtra India – Business Wire IndiaRural-fintech Navadhan, today announced that it has raised 40 Cr (USD 5M) in its Pre-Series A round led by Prime Venture Partners. Existing investors, Varanium NexGen Fintech Fund and Gemba Capital also participated in the round.
06.12 / 15:21
Digital
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Netflix
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Korean streaming market flourishes despite consolidation concerns: Study
Media Partners Asia reveals that South Korea's subscription video market expanded by over 700,000 in Q3, surpassing 19 million. The report, titled «Online Video in Korea,» highlights Disney+ as the fastest-growing platform during this period, with approximately two million subscribers.
06.12 / 15:13
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mBit Review, Bonuses & Promo Codes 2023
mBit Casino is an international crypto casino offering around 6,000 games. Besides a plethora of casino games, the platform boasts lots of promotions, a loyalty program, and mBit casino Races, daily competitions with rewards for the first 100 players on the leaderboard. More than that, you can start with a welcome package totaling 325% and 325 free spins.
06.12 / 15:13
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Features
International
New Features in Coinbase Wallet Simplify International Money Transfers – Crypto Adoption on the Rise?
Coinbase Wallet is introducing enhanced features to facilitate seamless, cost-effective, and rapid international money transfers, potentially contributing to increased crypto adoption.
06.12 / 15:13
06.12 / 14:33
Hollywood
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Wealthsimple aims to quadruple assets to $100 billion in 5 years
Wealthsimple Financial Corp., the online investment platform backed by Canada’s billionaire Desmarais family, has set a target of quadrupling assets to $100 billion in five years, betting that it can capture a significant share of younger investors who don’t want to use traditional money managers.
06.12 / 14:19
Digital
Platform
TV18 and E-18 to merge with Network 18; entity to consolidate TV, digital news businesses
TV18 Broadcast Limited announced on Wednesday, December 6 TV18 and e-Eighteen.com Limited (E18, which owns and operates Moneycontrol news website and app) will merge with Network18 Media & Investments Ltd. The proposed scheme will consolidate TV and digital news businesses of the Network18 group in one company and will help create India's largest platform-agnostic news media magnate, said Network18 in a statement on Wednesday.
06.12 / 13:51
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Action
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prevention
Wide stakeholder consultations needed to frame national e-comm policy: Govt to Parl
government told Parliament on Wednesday that e-commerce is an emerging and dynamic sector, and wide stakeholder consultations are required for formulation of a national policy on the sector. Minister of state for commerce and industry Som Parkash said in a written reply to the Lok Sabha that a draft e-commerce policy was placed in public domain on February 23, 2019 for public consultations. “Suggestions have been received from various stakeholders.
06.12 / 13:41
Provident
Digital
Platform
innovations
25% rise in purchase volume on e-commerce channels during Diwali; apparel, accessories among most bought items: Visa
Credit card expenditures during Diwali 2023 have experienced a notable 18 percent surge, indicating a robust consumer spending sentiment and a predilection for digital payment methods. This upswing not only mirrors the celebratory atmosphere but also illuminates shifting consumer choices, as evidenced by a significant 25 percent uptick in transaction volumes on online shopping platforms. Visa’s thorough data analysis provides insights into the dynamics of transactions, both online and in-store, throughout Diwali 2023.
06.12 / 13:23
06.12 / 13:19
BLOCK
Platform
President
country
2020
strain
Slovakia's new government closes prosecutor's office that deals with corruption and serious crimes
Slovakia’s new government of populist Prime Minister Robert Fico has approved an amendment to the country’s penal code to close the special prosecutor’s office that deals with the most serious crimes and corruption
06.12 / 13:17
Reuters
Digital
Platform
President
reports
Paytm to cut down on small-ticket loans after RBI tightens consumer lending norms, set to expand higher-ticket ones
Bank of India tightened rules on consumer lending, Paytm will cut down on disbursing loans under ₹50,000, said the Indian digital payments firm on Wednesday. In addition to this, the bank is likely to expand to higher ticket ones. The company is planning to reduce the proportion of small-ticket loans, also called postpaid loans, from its future loan distribution business.
06.12 / 12:43
Provident
Platform
Jio-backed Haptik launches generative-AI platform for building chatbots
GPT-4 models by default, but will offer clients the ability to access multiple LLMs upon discretion. “OpenAI’s LLMs are presently ahead of others available in the market, which is why our default deployments are based on it.
06.12 / 12:37
IPO
Digital
Platform
WhatsApp
Experts
recommendations
SME IPO: Net Avenue Technologies allotment finalised. Here's how you can check status
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on BSE: Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop-down list. Step 3: Enter the application number or PAN number to check the allotment status. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case. Step 1: Visit the IPO Allotment Status page on Bigshare Services website Step 2: Select IPO from the dropdown Step 3: Put Application No. and enter captcha and 'Submit'. The IPO of Net Avenue Technologies was subscribed over 500 times.
06.12 / 11:59
Blockchain
Provident
Digital
Platform
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innovations
OceanFi – Unleash Peak Wellness: Embrace a Holistic Ecosystem of Fitness, Integrations, Social Wellness, DeFi Innovations, Fitness Metaverse, and AI Trainer Excellence!
OceanFi positions itself at the convergence of cutting-edge technology and comprehensive well-being. It establishes an unparalleled platform for those interested in maintaining their physical fitness by offering a fresh combination of physical activity monitoring, personalized workouts, social interaction, and integrated blockchain and AI technology.
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