Platform Financial News

Chinese-owned video platform TikTok says it will halt its online retail operation in Indonesia to comply with the country’s decision to ban e-commerce transactions on social media platforms

Splashy advertising featuring football star Tom Brady and comedian Larry David was shown to jurors as prosecutors launched a historic fraud case against cryptocurrency maven Sam Bankman-Fried

global markets, as the continued surge in the US benchmark 10-year bonds to a 17-year high resulted in risk-off sentiment intensifying. Foreign portfolio investors dumped shares worth ₹4,424 crore during the day, with bank and auto stocks facing the biggest brunt of the selloff. The Sensex dropped 286 points, or 0.4%, to close at 65,226.

As the crypto industry witnesses rapid growth, regulatory challenges arise in tandem. David Hirsch, who heads the SEC's Crypto Assets and Cyber Unit, raises alarm bells for the crypto sector, emphasizing that more charges will be brought against exchanges and DeFi projects perceived to be violating securities laws. 

MUMBAI : The founders of Great Learning are trying to line up investors to buy back the online education provider from Byju’s, two people aware of the discussions said. The management buyback will allow the founders to continue to run the firm and receive equity payouts in return. The proposed buyback follows Byju’s efforts to monetize some of its assets to repay its lenders.

NEW DELHI : Social-media influencers and stand-up comics who used to make fleeting appearances in films and web shows have graduated to enacting lead and strong supporting roles as their youth connect, fan base and acting skills endear them to production houses. While Kusha Kapila has appeared in Sukhee and Thank You for Coming, Bhuvan Bam has played the lead in a Disney+ Hotstar original. Anubhav Singh Bassi was seen in a key role in the comedy-drama Tu Jhoothi Main Makkaar earlier this year.

₹2,115.18 crore, up 49% from a year ago. Its profit rose to ₹25.29 crore, according to data from business intelligence platform Tofler.

NEW DELHI : Investors must be cautious about stock performance claims being touted on social media, and the regulator is keen on creating an agency that will evaluate such claims, Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said. Speaking at an event organized by the Association of Registered Investment Advisers (ARIA), Buch said some advisers were even providing illegal portfolio management services (PMS) to clients. More than a third of investment advisers offering stock market advice to small investors were not registered with Sebi as required under the law, she added.

Bhashini Division (DIBD) plans to launch the Reserve Bank of India's Public Tech Platform for Frictionless Credit in multiple languages to make financial services more accessible across languages. The DIBD will do this in collaboration with the Reserve Bank Innovation Hub (RBIH), a subsidiary of the central bank, to explore and develop solutions that break linguistic barriers in the sphere of financial services.

MUMBAI : ShareChat, the short-video platform backed by Google Llc, is seeking fresh investments that would value the social-media company at $2.2 billion, marking a 55% drop from the valuation it secured last year, two people aware of the development said. “The company is looking at a bridge round of around $40-50 million in primary capital," said one of the people mentioned above. However, a third person close to the founder said it would be a growth equity round as the company is getting closer to breaking even.

Digital platforms fundamentally alter how business is conducted. This is particularly true for small businesses because platforms help them find potential buyers worldwide. No wonder recent unicorns like Nykaa have emerged from these online businesses. A fundamental challenge that small businesses face is that potential customers need to know that the business exists and how it is different from its competitors.

The battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) continues to intensify as regulators push back against the crypto exchange's attempts to have a securities law violation lawsuit dismissed.

A Jersey Shore town where childhood cancer cases rose is suing to overturn a settlement between the state and the corporate successor to the company that dumped toxic waste into the water and ground for decades

Conducting transactions in the financial universe has always been a significant feature that enables the transfer of assets and value. However, The traditional finance ecosystem has managed to take control of individual funds. This is why Satoshi Nakamoto pioneered Bitcoin. Therefore, Bitcoin enabled easy transaction and value exchange through its native token, BTC. 

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Ubisoft's once-annualized action game series. For devoted Assassin’s Creed enthusiasts, the excitement is palpable. Here are the release details for Assassin’s Creed Mirage based on your platform and time zone. Release Time on PS4, PS5, Xbox One, and Xbox Series X/S Assassin’s Creed Mirage officially debuts on Thursday, Oct. 5, 2023, spanning PlayStation 4, PlayStation 5, Windows PC, Xbox One, and Xbox Series X/S platforms. Ubisoft has adopted a staggered release approach, so your playtime will hinge on your chosen platform. For console players, Assassin’s Creed Mirage will unlock at the stroke of midnight, local time, on Oct. 5. Those on Xbox consoles can preload the game now, while PlayStation console users can commence their downloads starting at midnight, local time, on Oct. 3. Impressively, Mirage maintains a modest file size, standing at just 32 GB on PS5. If you’re an avid PC gamer, the release times for Assassin’s Creed Mirage are as follows:

Features and caveats An applicant has to be at least 21 years old with a monthly income of ₹25,000. The self-employed have to furnish a copy of their income tax return, with income of at least ₹6 lakh in the previous financial year. The joining fee is ₹500, which is waived off on annual spends of ₹2 lakh.

New Delhi: In 2020, two of Indian television’s oldest properties, Kaun Banega Crorepati (KBC) and Bigg Boss, returned to home screens for the first time after the onset of the covid-19 pandemic, complete with downsized crews and isolated bubbles for sets. However, the much-anticipated comeback failed to enthuse media and entertainment industry experts, as the audience gave the reality shows a tepid reception. The inability to grab people by the eyeballs the way they used to earlier saw the television rating points (TRPs) of these shows plunge by at least 50%, according to broadcast network heads.

Made By Google event in New York, the American tech giant has announced its plan to incorporate generative AI features from its Bard chatbot into Google's own virtual assistant. This integration aims to offer personalized assistance with reasoning and generative functions on mobile devices. "(A) whole task is done through a couple of simple questions that you're asking your assistant, which is, we think, a very, very powerful concept," Sissie Hsiao vice president, Google assistant and Bard, told the news agency.

Savvy Advisors has added two new principal wealth managers to its growing network of advisors attracted by its technology platform.

Britain's upcoming global artificial intelligence (AI) summit will be limited to 100 politicians, business leaders and academics — and will exclude a host of prominent AI startups, according to one of its lead organisers. The highly anticipated event is set to test Prime Minister Rishi Sunak's conviction that Britain can serve as the world leader in regulating the rapidly developing technology, an ambition that has provoked criticism from some.