Which Company Launchd of a new Mobile Application Called 'Share(dot)Market'?

Daily Current Affairs

Google Pay

Amazon Pay

PhonePe

Apple Pay

Correct Answer : PhonePe

PhonePe announced its foray into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking.

The announcement by the leading digital payment platform marks the completion of offerings in its financial services bouquet, said Sameer Nigam, the CEO and Co-Founder of the company.

According to PhonePe, the Share(dot)Market app elevates the discount broking by providing market intelligence and quantitative research-based WealthBaskets, a scalable technology platform. It will be available as a mobile app and a dedicated web platform, enabling retail investors to buy stocks, engage in intra day trades, buy curated WealthBaskets and mutual funds.

In 2022, PhonePe acquired two wealthtech platforms, WealthDesk and OpenQ, valued together at $70 million. This acquisition was part of PhonePe's ongoing expansion into financial services beyond payments.

Share(dot)Market app will provide a wide spectrum of investment products, including stocks (intraday and delivery), mutual funds, exchange-traded funds (ETFs).

WealthBaskets are curated collections of stocks/investment products by SEBI registered intermediaries that align with specific themes, sectors, or market trends enabling active equity portfolio building with great convenience, and are available at low costs.

The platform will also host a dedicated markets section to track the stock market, indices, stocks, and sectors with an intuitive watchlist tracker. PhonePe users can install the app as well access the web platform by using their PhonePe-linked mobile numbers. Once they login, they can complete the KYC process to activate their broking and demat accounts.

Earlier this year (2023), global private equity firm General Atlantic announced that it had injected an additional $100 million ( â‚¹820 crore) into PhonePe, the digital payments company owned by Walmart Inc.

General Atlantic has allocated the capital to India’s largest fintech startup in terms of UPI transactions, maintaining the same valuation as the previous transaction..

Source : Mint

Published On : September 4, 2023

Which State of United States is Known as “The Centennial State”?

Colorado holds the distinction of being known as “The Centennial State” among the United States. This nickname stems from its admission into the Union in 1876, precisely 100 years after the signing of the Declaration of Independence. Symbolizing both historical significance and patriotic pride, the title highlights Colorado’s role in commemorating the nation’s centennial while underscoring its rich heritage and contributions to American history.

The Origin of the Nickname “The Centennial State” :

Colorado earned the moniker “The Centennial State” due to its admission into the Union in the year 1876. This year held special significance as it marked the centennial anniversary of the signing of the Declaration of Independence, a pivotal event in American history. The timing of Colorado’s statehood celebration perfectly aligned with the nation’s centennial celebrations, hence the fitting nickname.

Published On : May 13, 2024

Q .

International Day of Plant Health 2024 Observed on?

9th May

10th May

11th May

12th May

Correct Answer : Option (D) - 12th May

The International Day of Plant Health (IDPH) is observed annually on 12 May to raise awareness about the critical importance of protecting plant health. This global initiative aims to prevent hunger, reduce poverty, safeguard biodiversity, and promote economic development worldwide. This year, the International Day of Plant Health falls on Sunday, 12 May 2024, coinciding with Mother’s Day, an event that recognizes the love, care, and sacrifices of mothers.

Theme: ‘Plant Health, Safe Trade, Digital Technology’ :

The theme for the International Day of Plant Health 2024 is ‘Plant Health, Safe Trade, Digital Technology.’ This theme emphasizes the need for international collaboration, standards, and the integration of digital technologies to promote plant health and ensure safe trade practices.

History and Significance :

The United Nations established the International Day of Plant Health to draw public attention to the necessity of safeguarding plant health. The resolution was unanimously adopted by the UN General Assembly in March 2022 and co-sponsored by several countries, including Bolivia, Finland, Pakistan, the Philippines, Tanzania, and Zambia.

The resolution highlights the crucial role of healthy plants in sustainable agricultural development, supporting a growing global population by 2050. It also acknowledges the functions of plants in regulating ecosystems, providing food security and nutrition, and promoting biodiversity.

Published On : May 13, 2024

Q .

Which Indian City is Known as 'City of Bridges'?

Mumbai

Pune

Surat

Bengaluru

Correct Answer : Option (C) - Surat

Surat earned the title "City of Bridges" due to its extensive network of over 120 bridges, surpassing any other city in India.

Which Indian City is Known as “City of Bridges”?

The Indian city known as the “City of Bridges” is Surat, located in the state of Gujarat. Surat boasts an impressive number of bridges, surpassing any other city in India. With over 120 bridges spanning rivers and connecting various parts of the city, Surat’s infrastructure facilitates smooth transportation for its residents. This abundance of bridges has earned Surat its distinctive title, highlighting its significance as a hub of connectivity and urban development.

Why is Surat Known as the “City of Bridges”?

Surat earned the title “City of Bridges” due to its extensive network of over 120 bridges, surpassing any other city in India. Situated along the banks of the Tapi River and close to other water bodies, Surat’s strategic location necessitated the construction of numerous bridges for seamless connectivity. These bridges play a vital role in facilitating smooth transportation within the city, earning Surat its reputation as a hub of connectivity and urban development.

Published On : May 13, 2024