Platform Financial News

Threads as a competitor to Twitter is a game-changer. Meta, which also owns Facebook and Instagram, launched the new platform yesterday, ahead of schedule. Threads was welcomed almost immediately – especially by hordes of Twitter users that have watched in dismay as their beloved platform crumbles in the hands of Elon Musk.

Reddit is forcing some moderators to remove the NSFW (Not Safe for Work) label. Many subreddits have used the tactic of changing their community's label to NSFW as a form of protest against Reddit's new API pricing, which has caused many third-party applications to shut down. Reddit has now threatened to take action against the moderators of some of these communities, such as r/military and r/PICS, according to The Verge.

Meta's Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival. Dubbed as the «Twitter-Killer», Threads was the top free app on Apple's App Store in the UK and the U.S. on Thursday.

Twitter are shifting to third-party apps since the company has made verification necessary within 30 days for accessing TweetDeck, a move which industry watchers believe could give an edge to rival platforms. Since the removal of Teams feature from the Elon Musk-led app, reported outages and a number of changes announced, users have been taking to the platform to report issues of increased advertisements and appearances of blocked and muted accounts on their Twitter feed.

Stock buybacks are a rage these days. These strategic moves deliver immediate value to shareholders, making them quite appealing. However, there's another compelling reason to embrace share buybacks.

Tata Play, which has been given approval by Sebi to raise money through an IPO, posted a net loss of ₹105 crore for the fiscal year ending in March 2023 as opposed to a net profit of ₹69 crore the previous year, according to a report from the Economic Times (ET). The direct-to-home (DTH) company's revenue from operations for the fiscal year decreased 5.1% to ₹4,499 crore from ₹4,741 crore the previous year, according to financial data acquired by Tofler. According to ET, overall expenditure climbed by 1% to ₹4,691 crore from ₹4,642 crore.

Elon Musk, Musk took to Twitter and responded to different threads with jabs directed at Mark Zuckerberg. In response to DogeDesigner's tweet suggesting that Meta's new app logo resembles a tapeworm, Musk humorously replied, "Metaphorically too." Meanwhile, a username Enrique, said, "no following tab on threads? uninstalled." Musk replied, by saying, “A closed source, algorithm-only system means that manipulation of what information people see is essentially undetectable." Meanwhile, Twitter responded on Thursday by threatening to sue Meta, according to the publication Semafor, citing a letter delivered to Zuckerberg by a lawyer for Twitter.

Elon Musk commented on the matter, tweeted, "Competition is fine, cheating is not." Threads, an Instagram app that facilitates real-time public conversations, experienced extraordinary success shortly after its launch. Meta CEO Mark Zuckerberg announced that within just two hours of its release, more than two million people had downloaded the app.

Reliance Industries: The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of the financial services business of Reliance Industries, the Mukesh Ambani-led conglomerate said on Thursday. The company added that it, along with Reliance Strategic Investments Ltd, will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments. Once demerged, Macquarie expects it to be the fifth-largest financial services company by net worth.

India’s year-old campaign to boost the rupee’s role in cross-border payments has made little headway, according to people familiar with the matter, underscoring the challenges for countries trying to reduce their dependence on the dollar. The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters such as the UAE and Saudi Arabia to South Asian nations to accept the Indian currency for trade settlements.

Healthcare led by Azad Moopen have initiated stake-sale talks with private equity groups such as Blackstone and KKR among others, said people aware of the matter. The promoters may even be open to selling a controlling stake in their India-listed hospital chain to capitalise on the ongoing sectoral consolidation, the people said. Aster Healthcare operates 32 hospitals, 127 clinics, 521 pharmacies, 16 laboratories and 189 patient experience centres in seven countries in West Asia and India.

The NY Fed's New York Innovation Center worked with banks - including Citi, HSBC and Wells Fargo - as well as Swift and SETL on the PoC exploring a Regulated Liability Network (RLN), which is envisioned as an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.The experiment was designed to see whether shared ledger technology could tackle some of the frictions - such as speed, cost, off-hours availability, and the settlement process - that traditional payment systems suffer from.A working group split into three stream looking at the business applicability, technical feasibility, and legal viability of using shared ledger technology to settle the liabilities of regulated financial institutions through the transfer of central bank money. The business workstream concluded that a global, near real-time, 24/7, dollar payment system could be delivered through the RLN concept, enhancing the processing of cross-border payments denominated in USD.

Twitter rival, Threads. The Facebook and WhatsApp parent is positioning the app as an extension of its Instagram platform, though it is a standalone application with features that are similar to Twitter. Experts ET spoke with said the app may dent Twitter’s user base in India, especially among the young people.

BFSI) sector are looking to hire technology professionals who specialise in niche skills to steer their accelerated digitisation drive, candidates with high-end tech expertise are ‘offer-shopping’, leading to several companies struggling with a low offer acceptance rate. The average offer acceptance rate in skills such as full stack engineers, data engineers, UI/UX designers, AI/ML, data scientist & analytics, cloud architecture, product and lead engineers is still at a low level with 30 out of every 100 candidates interviewed trashing the offer letters and the compensation package they are given by prospective financial services hirers, according to executive search consultants such as Ciel HR Services and Native.

digital platforms starting July 25. Following the digital release, fans can look forward to buying their own physical copies, as the movie will hit shelves in 4K Ultra HD, Blu-Ray and DVD formats on September 19.Rob Marshall's live-action adaptation of the 1989 animated classic captivated audiences when it premiered in May, with Halle Bailey's portrayal of Ariel capturing hearts. The young princess embarks on her first love story, but not without encountering a villain from her past who seeks to exploit her innocence.

Well known online stock broking platform Zerodha was built partly due to the keen trading skills of Nikhil Kamath. During a recent podcast, his brother Nithin Kamath said that the company was ‘not meant to become what it is today’.  “I quickly realised that Nikhil is a better trader than I am because at that point of time we were trading money and I was also doing this side hustle of broking business. In 2008-09, I said if he is better at trading than me then why not he continue trading and maybe I can go to broking permanently," Nithin Kamath said recently during the ‘WTF is Health’ podcast.

Threads, a text-based app built by Meta to rival Twitter, is live. The app, billed as the text version of Meta's photo-sharing platform Instagram, became available Wednesday night to users in more than 100 countries — including the U.S., Britain, Australia, Canada and Japan. Despite some early glitches, 30 million people had signed up before noon on Thursday, Meta CEO Mark Zuckerberg said on Threads.

Blockchain technology brings decentralization to financial transactions, breaking down the closeted procedures embraced by traditional finance. The result is the blossoming of transparent ledgers that store data about financial transactions, enabling anybody from anywhere to view them. Blockchain transparency breeds a fair system where the control remains with users, preventing the occurrence of corrupt practices. Ergo, transactional data published and stored on blockchain ledgers is immune to manipulation. Those looking at them are served information with the utmost integrity.

In a recent tweet, Elon Musk has broken his silence on Meta's Twitter competitor Threads after the news of his lawyers sending a cease and desist letter to Mark Zuckerberg started spreading online. The new app has seen a very successful launch, as Zuckerberg has revealed that more than ten million users signed up within the first seven hours, dwarfing the launch of some other popular platforms. Earlier Thursday, news portal Semafor reported that Twitter has threatened legal action against Meta Platforms over its new, text-based app called Threads, citing a letter sent to Facebook parent's CEO Mark Zuckerberg by Twitter's lawyer Alex Spiro.

Solana, a blockchain platform known for its scalability and high-speed transactions, has attracted significant attention in the cryptocurrency market.

Insidious franchise continues to offer top-notch horror movies, captivating audiences with each instalment. The latest addition to the franchise is set to hit theatres before any other platform. Originally introduced by James Wan and Leigh Whannell in 2010, Insidious quickly became a successful horror franchise. The series centres around the Lambert family and the psychic Elise Rainer, as they confront supernatural entities from a realm known as The Further. After following the Lambert family's story in the initial films and then exploring prequels focused on Elise, the cast of Insidious 5 brings together the various narrative threads for another thrilling experience, continuing the journey of the Lamberts. As Insidious: The Red Door makes its way to theatres across the United States, fans may be curious about the presence of a post-credits or end-credit scene in this horror film. Let's provide a definitive answer to whether or not Insidious 5 includes such a scene.