Digital Financial News

19.11 / 10:37
markets Citi Waves Digital country reports Equality RMZ, Colt DCS form JV to invest $1.7 billion in data centres across cities
Subscribe to enjoy similar stories. RMZ Digital Infrastructure Partners (RDIP), part of real estate firm RMZ, has entered into a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to jointly invest $1.7 billion to develop data centres across cities in India. The equal partnership between RMZ and UK-headquartered Colt DCS plans to build data centres with a combined capacity of 250MW over the next 3-5 years.
19.11 / 10:07
markets COST Citi Digital economy Sustainability Experts How subsidies will make EVs more accessible, contributing to a broader shift toward green transportation
electric two-wheelers are becoming a common sight. Once seen as a luxury for a few, electric two-wheelers are now accessible to everyday commuters and gig economy workers alike, thanks to government subsidies that are transforming EVs into a viable option for all. The PM E-Drive scheme is at the forefront of this movement, providing essential support that makes two-wheeler EVs more affordable for gig workers, delivery fleets, and individuals.
19.11 / 10:07
markets Digital Strategy Remark President Experts PAM Macron-Modi's G20 interaction turns into a playful banter with World Bank President's candid remark
Narendra Modi on Monday shared a hearty laughter with French President Emmanuel Macron and World Bank President Ajay Banga, on the sidelines of the G20 Summit in Rio de Janeiro, Brazil. A video posted on Macron’s official X (formerly Twitter) account captured the candid exchange, in which Macron warmly greets PM Modi with a hug, and Banga lightens the mood with a witty remark. In the clip, Banga approaches the two leaders and, turning to PM Modi, jokes: «He [Macron] is going from one Indian to another,» prompting laughter from both Modi and Macron.
19.11 / 10:07
markets Reuters Digital Trade Experts country Investigations Indian steelmakers make new push for temporary tax to check cheap imports
«Surging steel imports is a major concern especially from surplus and major exporting countries including China, Japan and Korea,» the Indian Steel Association (ISA), a producers' body, said in its presentation to the Directorate General of Trade Remedies (DGTR), an arm of the federal trade ministry. The steel industry's presentation to DGTR has not been previously reported.
19.11 / 10:07
markets Digital Strategy Experts Justice PAM AVP Manipur: Hundreds walk with empty coffins demanding justice for those killed in Jiribam gunfight
Manipur Police. The rally, organised by the Joint Philanthropic Organisation (JPO), started around 11 am. Hundreds of people participated in it with placards demanding justice for those killed, and a separate administration in the hill areas. The march concluded at the 'Wall of Remembrance', a memorial for the Kuki people killed in the ethnic violence in the state since May last year.
19.11 / 10:07
markets Digital Strategy Election Experts PAM social Maharashtra polls: Vinod Tawde distributed cash to voters in Palghar, claims BVA leader Thakur; BJP denies
Vinod Tawde distributed money to voters in a constituency in Palghar district. The BJP has, however, rubbished the allegations, saying Thakur's claim was nothing more than a publicity stunt and the Maha Vikas Aghadi (MVA) was making these allegations as it is headed for defeat. A purported video of a face-off between Tawde and BVA leaders and workers has surfaced on social media. Polls for the 288-member state assembly will be held on November 20, and the votes will be counted on November 23.
19.11 / 10:07
markets Target Digital Strategy Experts Videos Fixed match to save crony capitalists, ordinary investors losing: Rahul Gandhi on Adani, SEBI chief
Rahul Gandhi on Tuesday alleged that there was a «fixed match» going on to protect crony capitalists and said ordinary investors will be the biggest loser in it. In a video titled «Buch Stops here», Rahul Gandhi targets SEBI chief Madhabi Puri Buch and businessman Gautam Adani, as he discusses the issue of safeguarding investors' savings with his colleague and party leader Pawan Khera and veteran journalist Sucheta Dalal. In the over 8-minute video conversation, Gandhi accuses SEBI under chairperson Buch of failing to protect investor wealth, instead, he said it «safeguarded» corporate giants like the Adani Group.
19.11 / 09:05
markets Target Digital Manufacturing awards Experts reports Subsidies on cargo e3w extended but at reduced rate
electric three-wheelers (e-3w of L5 category) after ET reported they were stopped since PM E-DRIVE targets were achieved. According to officials aware of the move, subsidies for eligible e-3w (L5) sales in the country will now be available at a reduced rate of Rs 2,500 per KiloWatt (kW), capped at Rs 25,000 per unit. This is half the original subsidy disbursed by the Ministry of Heavy Industries (MHI) to incentivise locally made e3w (L5) units. A reduced subsidy will also be offered for electric two-wheelers (e2w) after PM E-DRIVE targets under this category for the current fiscal are expected to be achieved by February 2025 itself.
19.11 / 09:05
markets UPS Digital Experts country reports Rajeev Misra’s OneIM upsizes to $8 billion to boost investments
SoftBank Vision Fund’s former co-chief executive officer Rajeev Misra, has upped its size by more than $1 billion this month to support its growing operations as it opens offices in countries such as Japan and India, according to people familiar with the matter. The fundraising has increased OneIM’s size to $8 billion, the people said, asking not to be named as the information is not public. The two-year-old fund plans to open an office in New Delhi, adding to its presence in New York, London, Abu Dhabi and Tokyo, they said. OneIM is backed by Abu Dhabi conglomerate Royal Group and Mubadala Investment Co., one of the emirate’s sovereign wealth funds, Bloomberg News reported earlier. The investment vehicle will look for lending and investment opportunities globally, and some of these deals could be in partnership with its existing backers, the people said.
19.11 / 09:05
markets Digital Strategy Mobile Election Banner Maharashtra Assembly Elections 2024: How to verify your name on ECI voter list and locate your polling station online
Bharatiya Janata Party (BJP), allied with Ajit Pawar's NCP faction and Eknath Shinde's Shiv Sena under the Mahayuti banner, will take on the opposition Maha Vikas Aghadi (MVA) coalition of the Congress, the Sharad Pawar-led NCP faction, and the Uddhav Thackeray-led Shiv Sena (UBT). In total, 4,136 candidates are vying for the 288 seats, of which 234 are in the general category, 29 are reserved for Scheduled Castes (SC), and 25 are reserved for Scheduled Tribes (ST). “Voters must carry their Voter ID or an approved identification document and ensure their details are correct on the voters’ list to avoid inconvenience,” said an Election Commission spokesperson.
19.11 / 09:05
markets Digital security Experts Universities Justice show Govt brought down violence in J&K, North-East and Naxal-hit areas by 70 pc in last 10 years: Shah
Amit Shah on Tuesday said the BJP-led government at the Centre succeeded in bringing down violence in Jammu and Kashmir, North-East and Naxal-hit areas by 70 per cent in the last 10 years. Speaking at the inaugural event of the 50th All India Police Science Conference at the Rashtriya Raksha University here, he said the coming decade is going to make the Indian criminal justice system the most scientific and fastest in the world.
19.11 / 09:05
markets UPS Digital Trade Experts social Why Prague’s sex workers and drug users are taking tourists to the underworld
«I pass on my cautionary tale,» said Lada, as she chain-smoked her way up the bustling square. «At least my ruined life can be useful. I can make a clean breast of it. It's a relief.» Lada is one of six guides for Pragulic, a social enterprise that offers guided tours led by individuals who have experienced homelessness in Prague. Through these tours, Pragulic aims to challenge the myths and stereotypes surrounding street life by allowing those who have lived through it to share their stories directly with the public.
19.11 / 07:59
markets UPS IPO Digital CEO rights Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen
LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again.
19.11 / 07:45
markets Digital security Election Trade country innovations Indian economic offenders discussed in first Modi-Starmer meet, followed by talks on UK-India free trade agreement
Narendra Modi and UK Prime Minister Keir Starmer held their first bilateral talks on Monday at the G20 Summit in Rio de Janeiro, Brazil. The two agreed to strengthening the UK-India ties, with a focus on areas such as technology, green energy, security, and innovation. An important topic that was raised during the talks was the issue of Indian economic offenders residing in the UK, which the Prime Ministers acknowledged as a concern.
19.11 / 07:45
markets UPS Digital Manufacturing wellness reports Income Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rules
All of these forms relate to trusts and educational institutions. While Form 10B and 10BB relate to tax audits by chartered accountant report, Forms 9A and 10 are used to get relief from income tax. CBDT through another circular issued on the same date has decided to condone delay in filing form 10-IC or Form 10-ID. These forms are used by domestic companies for applying for a lower rate of income tax.
19.11 / 07:21
markets Digital Strategy Mobile gatherings Schools mountaineering Indian Army, Navy and Air Force conduct Poorvi Prahar exercise and demonstrate warfighting skills
military prowess, the Indian Army, Indian Navy, and Indian Air Force jointly conducted exercise 'Poorvi Prahar' over nine days, demonstrating their unmatched warfighting skills in near-real combat scenarios. This comprehensive exercise validated the effectiveness of joint structures in intelligence gathering, surveillance, reconnaissance, rapid mobilization, deployment/redeployment, and operational logistics. The exercise highlighted the exceptional capabilities of the Indian Armed Forces as the units exhibited precision strike capabilities utilizing high-tech equipment to guarantee mission success.
19.11 / 07:21
markets Provident Digital Google Strategy awards wellness Corporate Infotech bags seven-year contract from ONGC for IT infra services
Corporate Infotech Pvt Ltd (CIPL) on Tuesday said it received a seven-year contract from state-owned Oil and Natural Gas Corporation (ONGC) for an overhaul of IT infrastructure. "ONGC awards Corporate Infotech Rs 98 crore contract for on-premise IT Infrastructure as a Service (IaaS) on 'Pay-per-Use' Model. The contract will be executed over a period of seven years by September 2031," CIPL said in a statement. This project is aimed at augmenting ONGC's IT hardware infrastructure across its Corporate Infocom Data Centre (CIDC) in Delhi as well as the disaster recovery site in Vadodara, Gujarat, the Noida-based company said.
19.11 / 07:21
markets Digital Man Strategy Universities reports Investigations An enticing offer and the shocker that followed: Delhi man duped of Rs 11 lakh, here's what happened
online job scam, losing Rs 11 lakh after being duped by fraudsters who claimed that he would get a job at an Oman university. The victim reported the incident to the Cyber Cell in North East Delhi, prompting authorities to launch an investigation into the matter. The scam began in May 2024 when the man received an unsolicited email from what appeared to be a legitimate recruitment firm.
19.11 / 07:21
markets Digital Platform Instagram social reports Features Instagram reportedly facing major global outage. Check details
According to Downdetector, a website that monitors online outages, over 1,500 complaints have been registered about Instagram-related issues. The platform reports incidents only when problem reports significantly exceed the usual volume for that time of day.

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