Photo: India Today
Elon Musk Wants X To Replace Bank Accounts, Be Financial Hub
Elon Musk is celebrating one year of Twitter takeover with $44 billion-deal, and aims to make it all app, including the financial hub. As per sources, on October 26, Musk and X CEO Linda Yaccarino held X's first all-hand meeting and discussed major aspects of rebranding, including the vision of making the platform a space for users for finances. Musk also asked X employees to replace X with bank accounts.
Tags: Elon Musk, X, Finances, business, X Employees, Banks
Courtesy: NDTV
Photo: Startup Talky
Fintech Start-Up Caters Teen Audience For Finance Management
Muvin, teen-focussed pocket money, digital finance, and neo-banking apps have been in a rage, giving a new direction to the fintech sector in India. The startup by Vineet Gupta and Mukund Rao focuses on finances for teenage, instead of catering adult population. The company aims to make students financially savvy, teach them money management skills, and remove the complexities from “finance”. The company raised $3 million in pre-series… read-more
Tags: students, Start-up, Finances, Money Management, Muvin
Courtesy: Your Story
Photo: Business Standard
I-T Departments Monitor High-Value Transactions, Report Immediately To Avoid Actions
Recently, the Income Tax (I-T Department) entered into agreements with several government agencies and financial institutions to access the records of individuals regarding high-value transactions. Now, the I-T Department is monitoring high-value cash transactions beyond a specific limit, and issuing notices to individuals, who fail to mention those high transactions, in their IT returns. The information needs to be updated in mutual-fund… read-more
Tags: IT Department, Tax Payers, High-Vlaue Transaction, Notices, Finances
Courtesy: NDTV
Photo: Business Line
RBI Governor Asks Cryptocurrency Investors To Invest At 'Own Risk'
Taking a strong opposition on digital "crypto currency", RBI Governor Shaktikanta Das, on February 10, said, "Private crypto currency or whatever name you call is a big threat to our macroeconomic stability and financial stability". Furthermore, the RBI Governor asked investors to be careful and said, "Investors in crypto currency should keep in mind that they are investing at their own risk". Meanwhile, Government is yet to announce the… read-more
Tags: SHAKTIKANTA DAS, RBI GOVERNOR, Cryptocurrency, Union Finance Minister, Finances
Courtesy: NDTV Profit
