Elon Musk’s social media platform X is set to soon let users trade stocks and cryptocurrencies directly from their timelines as the company pushes deeper into financial services. The upcoming features, described by the company’s head of product, Nikita Bier, will include “Smart Cashtags.” These will allow users to interact with ticker symbols in posts…
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MUMBAI: CRED, once a high-trust credit-card payments app aimed at spenders and monetised through cross-sold loans, insurance and payment flows, is now turning to savers, using Kuvera—acquired in 2024—to enter wealth management.The upgrade of Kuvera targets affluent investors with large portfolios, with an emphasis on long-term compounding. The platform seeks to improve discipline, decision-making, asset…
The holiday-shortened trading week took a toll on the country’s top companies, with seven of the ten most valued firms collectively losing Rs 1.75 lakh crore in market capitalisation. Reliance Industries saw the largest share of the erosion, mirroring the broader weakness in equities. The downturn in stocks was reflected in the benchmark indices, with…
NEW DELHI: India’s IT services sector must pivot decisively to stay ahead in the AI era, commerce and industry minister Piyush Goyal said on Thursday, amid concerns in the sector related to generative AI tools such as Anthropic’s Claude, which recently triggered stock dips in firms like TCS, Infosys and other IT firms.“If we are…
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NEW DELHI: Restrictions on Telegram triggered the biggest surge in VPN downloads in the country this year, as users sought ways to retain access to the messaging platform and shifted to alternative apps, according to data shared by App Figures, an app intelligence firm.After the Centre imposed the temporary ban on June 16, downloads of…
NEW DELHI: Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO & MD R Doraiswamy said. “Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players and we are getting…
Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below $78,000 for the first time since the start of May. Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets. Support weakness has traders looking at $75,000 and under…
