Digital Financial News

05.12 / 10:47
markets Digital Strategy Software Corona Experts PAM PSLV XL Proba-3 Launch: ISRO successfully launches ESA’s mission to study the sun’s corona
The launch took place at 4:04 PM IST from the Satish Dhawan Space Centre in Sriharikota after a smooth countdown. On Wednesday, space agency had rescheduled it's launch to today following an anomaly detected in the satellite propulsion system. The Proba-3 mission consists of two satellites, Coronagraph (310 kg) and Occulter (240 kg), designed to study the Sun’s corona, the outermost layer of its atmosphere.
05.12 / 10:47
markets Digital Strategy Courts International Countries have right to respond to situations but should be mindful of civilian casualty: Jaishankar
When asked the reason for India's abstention from a resolution in the UN General Assembly on October 27, 2023, regarding the protection of civilians and upholding legal and humanitarian obligations, Jaishankar said there were many resolutions in the UN General Assembly and in some India abstained and in some, it voted in favour. According to him, there are several reasons to abstain such as a resolution is not balanced, it is more divisive, it can set a precedence which has consequences for India or it has larger implications.
05.12 / 10:47
markets Reuters Digital Strategy Software PAM show India's steel imports from China hit record high, latest data shows
finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase year-on-year, the data showed. This has exacerbated the deteriorating financial health of Indian steel producers struggling with cheap Chinese imports and falling domestic prices despite robust demand driven by rapid economic growth and rising infrastructure spending in the world's fastest growing major economy.
05.12 / 09:59
markets Citi Digital Mobile Software Pinnacle Sporting Riteish, Genelia Deshmukh acquire World Pickleball League's Pune team
World Pickleball League (WPBL) has officially introduced Pune United, a new franchise team representing the city of Pune. The team’s ownership comprises Bollywood stars Riteish and Genelia Deshmukh, alongside corporate leaders Sudhir and Sunanda Mehta of EKA Mobility and Pinnacle Industries, and Ajeenkya D Y Patil and Pooja Patil of Ajeenkya DY Patil University. Riteish Deshmukh said, “Pickleball is the fastest-growing sport in the world. Its craze and popularity are unmatched amongst all ages. We are excited to be part of the World Pickleball League which will surely take pickleball to newer heights across India. Our endeavor at Pune United is to champion a team that will inspire players to give their best and couples, families, and communities to come together and embrace this wonderful game and lead healthier and fitter lives.” Genelia Deshmukh added, “Pune United is serving up a storm. We are excited to be part of the World Pickleball League. Pickleball has the power to unite, inspire, and transform. Our mission at Pune United is simple: to ignite a love for Pickleball that goes beyond the court. We're committed to fostering a culture of camaraderie, wellness, and fun that will enrich the lives of our players, families, and community.”
05.12 / 07:31
markets Digital Sustainability FLEX community social Publicis OOH India launches FlexForward initiative to combat billboard wastage
Publicis OOH India, a division of Publicis Groupe India, has developed FlexForward, a green initiative focused at recycling vinyl flexes used in the Out-of-Home (OOH) advertising market. In partnership with leading NGOs such as Goonj, FlexForward collects post-campaign flexes and repurposes them into eco-friendly utility products, including rain tarps, tote bags, and women’s utility pouches. These items are then distributed among marginalised communities, promoting sustainability while creating a positive social impact.
05.12 / 07:31
markets UPS Citi Digital CEO Software Struggling with jet lags? Age-reversing CEO Bryan Johnson shares some tips that might help you
Bryan Johnson, an American entrepreneur renowned for his anti-ageing endeavours, is currently on a six-day trip to India. From meeting the Ambanis to Bollywood celebrities like Sonam Kapoor, Bryan has shared his numerous experiences- not to forget how he felt the severity of air pollution in Mumbai soon after he landed in the city for an event held in collaboration with Zomato CEO Deepinder Goyal. He attended an intimate gathering at Soho House, where he met Deepinder Goyal and comedian Tanmay Bhat, engaging with a crowd of 50 for a candid conversation. Known for his groundbreaking 'Blueprint project' aimed at reversing ageing, the US tech billionaire is making waves during his visit to India. Johnson has been travelling across time zones which can often lead to jet lags. But the US software engineer has devised a comprehensive strategy to combat it. ALSO READ: Tech millionaire Bryan Johnson's India visit sparks buzz. What’s his link to Poonam Pandey?
05.12 / 07:31
markets Provident Digital Booking Courts International Court orders Uber to pay over Rs 50,000 to customer for failing to provide cab to airport, resulting in missed flight
Uber India Systems for failing to provide a cab on time and for not addressing a customer's complaints. The panel identified this as a «deficiency in service» and ordered the company to compensate the complainant, a TOI report stated.
05.12 / 07:31
markets Digital Google Software awards reports Videos Gautam Hari Singhania appointed as Executive Chairman of Raymond Lifestyle
Gautam Hari Singhania has been appointed as the Executive Chairman of Raymond Lifestyle after the textiles and fabric maker's shareholders approved the appointment proposal. The special resolution for the «appointment of Gautam Hari Singhania as an executive chairman» of the company and to fix his remuneration received 86.85 per cent of the total votes cast at the Annual General Meeting (AGM). The resolution was passed with requisite majority, according to the Scrutinizer's Report filed by the company to the bourses on Wednesday evening. Besides, the shareholders of the company also approved eight other special resolutions regarding the appointment of Independent Directors and Sunil Kataria as the Managing Director of the company.
05.12 / 07:03
markets Digital security Strategy Experts PAM Traffic Maharashtra CM swearing-in ceremony: Time, place, a star-studded guest list & all you need to know
Devendra Fadnavis is set to take oath as the Chief Minister of Maharashtra once again, putting rest to at least one speculation in the 'maha' political landscape. The swearing-in ceremony, as said by BJP's Prasad Lad, will be a grand affair with nearly 42,000 attendees. While there's no confirmation on Eknath Shinde's role, sources have told that he will take oath as Fadnavis' deputy. Meanwhile, Ajit Pawar is definitely going to be on the dais today, as he made it as clear as day in the press conference yesterday.
05.12 / 07:03
markets Digital Strategy Metro Experts PAM blues Delhi Metro: What is cable theft and why are trains running late on Blue Line?
Delhi Metro Rail Corporation (DMRC) on Thursday announced that the Blue Line services would be disrupted throughout he day due to cable theft between Moti Nagar and Kirti Nagar stations. DMRC said that passengers could expect delays on one of the busiest lines because of the incident. In a statement, the corporation said that the issue would only be resolved after operational hours, leading to restricted train speeds during the day.
05.12 / 07:03
markets Digital Assurant Election Experts PAM Delhi Assembly Speaker Ram Niwas Goel announces retirement from electoral politics
Delhi Assembly Speaker and Shahdra MLA Ram Niwas Goel on Thursday announced his retirement from electoral politics in a letter written to Aam Aadmi Party National Convenor Arvind Kejriwal. Goel (76) cited his age as the reason for withdrawing from the electoral fray, however, he assured Kejriwal to continue serving the party. The two-time MLA's retirement, ahead of the Delhi Assembly election, comes as a major blow for AAP.
05.12 / 04:45
Waves Digital ETF Election Trade Bitcoin Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington
Subscribe to enjoy similar stories. Bitcoin traded above $100,000 for the first time, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto.
05.12 / 01:13
markets COST UPS Digital Platform Strategy reports Digital lending sector sees slowdown in growth, higher bad loans as regulator increases scrutiny
The Reserve Bank of India has given a clear indication that it does not want unsecured lenders to grow faster than 20%, according to three startup founders in the sector, who said a slowdown in new disbursals could result in an increase in bad loans. “While officially the RBI has taken a cautious stance, through backchannel conversations the industry has been asked to stay within the 20% growth limit and also keep the total cost of borrowing for the customers at moderate levels,” the founder of a digital lending startup said on the condition of anonymity.
05.12 / 01:13
markets Digital Strategy Software Sustainability Experts Videos MFs help keep NBFC counters open as banks turn cautious
Mutual funds, which continue to benefit from India's increasing financialisation of savings, appear to have stepped in to fill the financing void created by circumspect banks that have slowed fund flows to non-bank lenders following regulatory scrutiny on such exposure. Their support to non-banking financial companies (NBFCs) climbed 47% in October, albeit on a much smaller base. That compares with a growth of 6% in bank lending to NBFCs, although on a much larger base, but nevertheless reflecting the impact of regulatory caution on bank exposure to this segment. To be sure, banks remain the biggest financing source for NBFCs, but the share of alternative market-driven instruments in the total funding pie will increase. «While banks will remain the dominant funding source for NBFCs, the bond market will gain market share over the near to medium term,» said Malvika Bhotika, director at Crisil Ratings. «We believe the bond market will become more attractive over the next few quarters given the expectation of a repo rate cut.»
04.12 / 22:39
markets UPS Digital CEO security Experts No one willing to work with her; why did Meghan Markle take the role of CEO of her own company? Here's the reason
2025 is going to be a great year for Meghan Markle in the overall aspect, looking at the fact that she is focusing on all the things she had missed, based on her Royal duties after her marriage. She had left her acting career, where she had made a prominent name, with 'Suits' being one of the most popular shows of her. However, even though her business venture has been set up for a long time, there is still no saying as to when it will be officially launched. There is also o release date or information about the products that customers can expect to be up for sale on Markle's company's end. Meanwhile, Markle has taken a bold step in her entrepreneurial journey by appointing herself as the CEO of her new lifestyle brand, American Riviera Orchard. The Duchess of Sussex, 43, made this decision after months of struggling to find the right candidate for the role. According to Page Six, Markle had been interviewing potential executives for the position, but in August it was revealed that the search had not yielded a suitable match. Apart from leadership struggles, Markle has faced legal hurdles in securing a trademark for her brand. Recently, she requested a three-month extension from the U.S. Patent and Trademark Office to avoid having to restart the trademark process.
04.12 / 19:25
markets FIVE Digital Manufacturing Strategy Experts PAM Nuclear attack submarine programme will lift defence ecosystem, says Navy chief
Indian Navy a unique operational capability, but also lift the defence manufacturing ecosystem, with a breakthrough moment expected for the 'Make in India' initiative within the next five years, Navy chief Admiral Dinesh K Tripathi said. In an interview with ET on the occasion of Navy Day, which was celebrated in Odisha for the first time on Wednesday with an operational demonstration, he said indigenous nuclear attack submarines (SSNs) will add a significant new capability, with the first of the new boats expected to join service by 2036. Adm Tripathi said the plan for the project (estimated to cost ₹35,000 crore for the first two boats) is likely to be in line with the construction of India's nuclear missile submarines (SSBNs) in which the Navy had the lead on design and took assistance of the defence industry in manufacturing.
04.12 / 19:25
markets Digital Strategy Porsche wellness Experts PAM Does Ohtani still owe manager Dave Roberts a new Porsche?
Shohei Ohtani, where is the fancy Porsche you hinted at giving your manager Dave Roberts if the Los Angeles Dodgers won the World Series? Well, the Dodgers won the World Series against the New York Yankees more than a month ago, so what gives? Visiting Tokyo on Wednesday and speaking to mostly Japanese reporters, Roberts was reminded that Ohtani gave teammate Joe Kelly a new Porsche when Kelly agreed to hand over his No 17 to the Japanese superstar after he joined the Dodgers from the Angels.
04.12 / 19:25
markets Digital Gap Strategy Experts PAM show Banks stick to certificates of deposits to keep lending
certificates of deposit (CD) to finance demand for credit, as mobilising traditional deposits remains a challenge. Funds raised by issuing these typically short-term financial instruments grew 57% till November 15 this fiscal year to more than ₹6 lakh crore, compared with around ₹3.9 lakh crore a year earlier, according to Reserve Bank of India data. Outstanding CDs at the end of November 15 totalled ₹4.89 lakh crore. In the first 15 days of November, banks issued CDs worth ₹46,552 crore. «This increase is to meet banks' funding requirements to manage the gap between the credit offtake and deposit growth,» said Saurabh Bhalerao, associate director-BFSI research at CARE Ratings.
04.12 / 18:49
markets Digital Strategy Experts Justice PAM Courts You can't claim parity with other ex-ministers: SC to Partha Chatterjee
Supreme Court on Wednesday reserved its judgment on a bail plea by former Trinamool minister Partha Chatterjee in a money laundering case filed by Enforcement Directorate in an alleged cash-for-jobs scam. A bench of justices Surya Kant and Ujjal Bhuyan observed that Chatterjee cannot claim parity with co-accused since they were not ministers. «On the face of it, you are a corrupt person. What message do you want us to send to society? That corrupt persons can get bail like this?,» justice Kant verbally told the counsel for the former education minister. The bench also found no force in the contention raised by Chatterjee's counsel that former ministers in other money laundering cases have been granted bail by the top court.
04.12 / 18:49
markets Digital Ball Strategy PINK Experts testing Adelaide & India: A look back in time to relive 5 key moments at the Adelaide oval
As Rohit Sharma’s men get ready for the pink ball Test starting on Friday, ET Sport goes back in time to relive 5 key moments at the Adelaide oval.
04.12 / 16:03
markets Digital Strategy Software reports recommendations Schools Beverage association say taxation "a bottleneck at all levels"
Indian Beverage Association (IBA), which counts Coca-Cola, Dabur, PepsiCo, Reliance Consumer Products and RedBull as members, said it is “concerned” over a likely further increase in the goods and services tax (GST) rate on aerated drinks. “We have zero-sugar products taxed at 40% today. We have made representations at all levels to the government, including to the GST Council, but taxation remains a bottleneck at all levels,” C.K. Jaipuria, chairperson of the IBA, said at a National Beverage Conclave on Wednesday. According to media reports earlier this week, a group of ministers (GoM) has recommended increasing GST rates on carbonated beverages, cigarettes and tobacco to 35%. As of now, all carbonated drinks are taxed at 28% and an added compensation cess of 12%, which takes the overall tax on the category to 40%.

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