Digital Financial News

Subscribe to enjoy similar stories. New Delhi: The government is looking at a second window for the Trade Receivables Discounting System (TReDs) to allow transactions of as low as ₹1 lakh to ₹10 lakh, two officials said. It is also looking at including a credit guarantee scheme into it, the officials added.

Reliance Industries' telecom and digital businesses, posted a 26% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes partly helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to ₹203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea, said analysts.

SpaceX launched its Starship rocket on its latest test flight Thursday, but the spacecraft was destroyed following a thrilling booster catch back at the pad.

8th Pay Commission. This will result in revision of not only the salary of all central government employees including armed forces but also the pensioners.

IT services company LTIMindtree’s net profit dipped by 7.1% year-on-year (YoY) to Rs 1,086.7 crore in the October to December quarter of current fiscal year 2024-25.

As the 2025 tax season approaches, the Canada Revenue Agency has refreshed its website to make it easier for Canadians to sign in to their online accounts.

Reserve Bank of India (RBI) Thursday allowed banks to open rupee accounts at their overseas branches for people residing outside the country in the latest regulatory move aimed at helping achieve the rupee’s internationalisation.

Reliance Industries Ltd (RIL) reported an 11.9% rise in consolidated net profit in December quarter, driven by its energy, retail and digital services units, beating analyst estimates. Consolidated profit after tax rose to ₹21,804 crore from ₹19,488 crore in the year earlier. Net profit attributable to owners of the company was up 7% to ₹18,540 crore from ₹17,265 crore a year earlier. A Bloomberg survey of analysts had pegged profit at about ₹18,326 crore. Revenue from operations increased 7% to ₹2.43 lakh crore from ₹2.27 lakh crore in the year earlier. Consolidated ebitda increased by 7.8% to ₹48,003 crore. «It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses,» said Mukesh Ambani, chairman and MD of RIL. «The delivery of record ebitda and profit after tax at a consolidated level for this quarter is a testament to this.»

Meta Platforms, AMD, Intel, and some others, who are deeply invested in artificial intelligence research for their various products and services. Their stock prices are currently keeping the US stock market's bull run ongoing, with the stock indexes giving some great returns to their investors.

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

Prime Video has announced the release of Clean Slate, a comedy series starring Laverne Cox and George Wallace. It marks one of Norman Lear’s final productions before his passing in December 2023.

inaugural lunch will not be attended by former Presidents Obama, Clinton, or Bush. Obama was invited but chose not to go. Bush's office stated it was not tracking an invitation to the lunch, while a second source with knowledge of the situation said Clinton is also invited but did not intend to attend, as quoted in a report by NBC News.

Light’s Calling, continues Diablo 3’s tradition of bringing back popular seasonal themes.

PayPal co-founder Peter Thiel.

Jio continues to expand its True5G network, with over 170 million subscribers now on the platform, accounting for 40% of its wireless traffic, the company said in its quarterly (Q3) result.

Reliance Industries’ telecom and digital properties, posted a 25.95% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to Rs 203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea.

Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market… Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday.