Platform Financial News

CAIS, an alternative investment platform focused on independent financial advisors, said on Thursday it had added a dozen new managers or investment strategies from existing managers to its platform.

The crypto space is no stranger to meteoric rises and surprising dark horses. As QUBE, the native token of the promising InQubeta platform, surpasses the $3 million mark in its ongoing presale, the crypto community is buzzing with anticipation. But as the dust settles and investors crunch the numbers, a bold question emerges: Can QUBE eventually surpass the popularity of top altcoins like XRP?

AU Small Finance Bank, which started its banking journey six summers ago with 95% secured loan assets and without any microfinance lineage, has now decided to explore the so-called bottom-of-the-pyramid customer segment. The lender, while planning its own microfinance loan product, is also said to be exploring the acquisition route which would help it with a ready microfinance platform. «We remain open to the idea of inorganic growth,» executive director Uttam Tibrewal told ET, adding: «However, I can't comment on any media reports that suggest we are in discussion with somebody for a merger.

OpenAI are advancing work on large language models (LLMs) that power mainstream generative AI (artificial intelligence), a few others are gearing up to deploy small AI models, which are likely to reach the consumers sometime in 2024. Industry insiders see this as a natural progression to monetizing generative AI technologies, making them more widely accessible, instead of targeting only enterprises through very expensive cloud platforms. For instance, on 23 February, Qualcomm demonstrated an image-generating AI model running on a device, with Stable Diffusion showcased on an Android smartphone.

NEW DELHI : Rajinikanth’s Tamil film Jailer, which continues to draw audiences to cinemas, has already premiered on Amazon Prime Video within a month of theatrical release. Meanwhile, Chiranjeevi’s Telugu film Bhola Shankar, released in mid-August, too, will stream on Netflix this week. Trade experts say the negotiating power of multiplexes hasn’t worked with southern filmmakers who sign lucrative deals with OTT platforms to de-risk their films before release and then stick to them, even if the film finds takers at the box office.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s retail inflation eased in August but continued to remain higher for rural areas for the second consecutive month. Meanwhile, Nifty 50 crossed the psychological mark of 20,000 this week.

NEW DELHI : The ministry of information and broadcasting is considering introducing a new bill to regulate broadcasting services, including over-the-top (OTT) apps and direct-to-home services, two people aware of the development said. The bill, currently in its initial stages, is likely to be taken up only after the general elections next year. It will focus on the regulation of OTT services that are engaged in broadcasting, while the one-to-one or direct messaging OTTs will be taken up for regulation in the Indian Telecommunications Bill.

Nintendo has exciting news for fans of «Paper Mario: The Thousand-Year Door», as the beloved RPG is making its way to the Nintendo Switch. This announcement was made during the September 2023 Nintendo Direct event. Players can anticipate a remake of Paper Mario: The Thousand-Year Door, originally released for the GameCube. The game is slated for release on the Nintendo Switch in 2024, offering improved graphics and other enhancements, according to Nintendo. This remastered version of the highly acclaimed RPG, developed by Intelligent Systems, provides a new generation with the opportunity to experience its unique charm. As part of the well-established Paper Mario series, Thousand-Year Door skillfully combines stunning 3D animation with distinctive 2D visuals. This news follows the earlier announcement of a remake of the Super Mario RPG, revealed during a Nintendo Direct in June. Fans have long clamored for the return of Paper Mario: The Thousand-Year Door, citing its delightful writing, robust RPG gameplay, and limited availability outside of the GameCube platform. Nintendo appears to be catering to fans of classic RPGs, as they are set to launch a remade version of the original Super Mario RPG in November. The unveiling of Paper Mario: The Thousand-Year Door coincided with the announcement of F-Zero 99, Unicorn Overlord, and a Tomb Raider Remastered Collection during the Nintendo Direct event. This addition adds to the excitement generated by the earlier announcement of a remake of Super Mario RPG, which was also featured during the showcase. For a comprehensive list of all the reveals made during the event, be sure to check out «Everything Announced.»

Israeli Prime Minister Benjamin Netanyahu's office says he will meet billionaire businessman Elon Musk during a trip to the United States next week

The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States

NEW DELHI : The central government is planning a “graded" transition regarding compliance with rules under the Digital Personal Data Protection (DPDP) Act, an official of the plans said. Under this approach, micro, small and medium enterprises (MSMEs) will get longer time frames to comply, while larger corporations will get less. “We may do this at graded levels, where the vast majority of Big Tech, as well as companies, can transition quicker.

Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. «While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which they carry to the end users. »They get it from content providers, put it on their platform and deliver it to the end users without paying anything to the network providers who have created the network for them to roll on," Kochhar said. OTT players, including Netflix, Amazon Prime, Zee5, SonyLIV have significant user base in India. He said over-the-top platforms benefit from the roll-out of advanced technologies like 5G.

Florintree, a growth-stage private equity firm, has bought a significant stake in Videonetics, the Kolkata-based video computing platform company, said a company statement. The financial investors, GenNext Ventures Fund, and US-based global investor exited through this transaction. According to sources, Florintree has invested about Rs115 crore in Videonetics. Founded in 2008 by Tinku Acharya, Videonetics has recently expanded offshore with operations in Singapore to cater to the Southeast Asian markets. " Videonetics is poised to become a dominant player in the global arena and add significant value to the marketplace.

Haunting in Venice, a 20th Century Studios film, is set to release on September 15. This movie is among the highly anticipated upcoming releases. Let us know about the movie and when it may release online on any streamer.

Karnataka IT Minister Priyank Kharge on Thursday announced a framework for the proposed fact-checking unit in the state. The unit includes an oversight committee, a review Single Point of Contact (SPOC), and nodal officers.

Commerce (ONDC) has expanded its reach into the international business-to-business marketplace by partnering with the Singapore-based B2B network Proxtera. With this move, ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), aims to establish connections between small and medium enterprises (SMEs), logistics services and payment transfers, facilitating seamless export opportunities for Indian businesses.

WiseX, India's leading neo-realty investment platform, in collaboration with Integrow Asset Management has launched the country's first sector-specific real estate portfolio management services (PMS). The portfolio will be managed by Integrow Asset Management and powered by WiseX’s proprietary technology.

Amazon backed M1 Exchange, a dedicated platform for MSME trade receivables and bill discounting, will soon start a facility at the GIFT city for MSME exporters. M1 exchange’s trade platform has already received a licence from the Gujarat GIFT city regulator International Financial Services Centre Authority (IFSCA) along with three other platforms. The supply chain finance potential in global trade is estimated at $17 trillion.

AU Small Finance Bank, which started its banking journey six summers ago with 95% secured loan assets and without any microfinance lineage, has now decided to explore the so-called bottom of the pyramid customer segment. The lender, while planning its own microfinance loan product, is also said to be exploring the acquisition route which would help it with a ready microfinance platform. «We remain open to the idea of inorganic growth,» executive director Uttam Tibrewal told ET, adding: «However, I can't comment on any media reports that suggest we are in discussion with somebody for a merger. We discuss so many things at our small finance bank forum.» Microfinance contributes a little over three-fourth of Fincare's outstanding portfolio of Rs 7600 crore. The management of AU believes that foraying into microfinance, which is essentially offering small loans to the economically weaker and largely under-banked customers without collateral, is a natural extension of its business strategy. Tibrewal said that about 70% of AU's lending is into the semi-urban and rural areas with over 90% priority sector portfolio.

(Reuters) -Israeli Prime Minister Benjamin Netanyahu will meet X owner Elon Musk on Monday in Silicon Valley, an official in Netanyahu's office said on Thursday, and Musk said their talks would focus on artificial intelligence technology.

IC Markets broker review, it not only covers trading conditions in detail but also provides a guide on registration, training, and other valuable resources. Choosing the right trading account with IC Markets is essential to ensure you get the best experience. Let's dive into the details of the three main account types they offer, breaking down their features: If you're considering trading on IC Markets platform and are unsure about getting started, we've got you covered.