Digital Financial News

12.11 / 00:21
markets Digital Strategy Election PAM Destinations High tariffs: These 23 everyday items to become more expensive when Donald Trump takes office on January 20, 2025
Donald Trump's decision to impose higher tariffs on imports may be implemented as soon as he comes to power at the White House on January 20 next year. This is the day he would ascend to power at the White House, backed by a huge mandate from the US Presidential elections, which he achieved by convincingly beating Kamala Harris, by even whitewashing her in all the key swing states.
12.11 / 00:21
markets Digital Coca-Cola Aware Strategy PepsiCo PAM Goldman Sachs look to join hands with Bhartias of Jubilant for HCCB stake buy, to finance upto Rs 3500 cr
Bhartia family of the Jubilant Group led by brothers Shyam and Hari Bhartia is in advance negotiations with Goldman Sachs to partner with them to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the wholly owned bottling arm of the US beverage giant in India – the 5th largest market of the Atlanta based beverages giant. Goldman Sachs is expected to finance the special purchase vehicle (SPV) created to own the HCCB stake, deploying Rs 3000-3500 crore through a convertible preferred equity instrument. A similar sized investment is being made by the Bhartia family themselves, said people aware of the development. The investment by the Wall Street bell weather will be routed through the fast growing Goldman Sachs Alternatives vertical – an overarching vertical that does growth and private equity, hedge fund, real estate and private credit investments.
12.11 / 00:21
UPS Digital ICE awards Adventure wellness travelers Akshay Nanavati's historic 110-day solo ski expedition across Antarctica
Akshay Nanavati, a 40-year-old Indian American, embarked on the adventure of a lifetime -a 110-day skiing expedition across Antarctica. If he succeeds, Nanavati will become the first human to complete an unsupported, solo, 2,700-km, coast-to-coast, ski crossing of the coldest, driest, windiest and loneliest continent on the planet. He will be dragging a 200-kg sled packed with food rations and fuel through the distance, surviving temperatures as low as minus 40 degrees. It's what adventurers call 'manhauling.' Preparation itself cost Nanavati — an entrepreneur, speaker and author — the tips of two fingers, lost to frostbite. One was removed because of gangrene. This happened while climbing the Axel Heiberg Glacier in Canada, within the Arctic circle. Back from this ordeal, Nanavati opted for part of the other digit to be removed as well.
12.11 / 00:21
markets UPS Digital Election Experts Mutual fund flows stay resilient in choppy October
Retail investors used the sharp dips in the market in October to add to both their lump sum equity mutual fund schemes and systemic investment plans (SIP), taking both to record highs. Investors bought equity funds worth ₹41,887 crore in October, the highest ever in a month, compared to ₹34,419 crore in September. SIP purchases amounted to ₹25,323 crore, up from ₹24,509 crore in the previous month. Debt funds saw inflows of ₹1,57,402 crore, largely from overnight and liquid funds. Strong flows and an increase in stock market valuation took the total average assets under management of the industry to ₹68.5 lakh crore, against ₹68 lakh crore in the previous month. «We have seen heightened volatility in markets with FIIs (foreign institutional investors) selling due to major global events, including the US elections. The healthy net flows is a testimonial to the resilience amongst domestic investors to continue investing in equities despite market volatility,» said Akhil Chaturvedi, executive director, Motilal Oswal Mutual Fund.
11.11 / 20:27
markets Digital Equality cricket Afghanistan's Rahmanullah Gurbaz goes past Kohli's record, equals Sachin Tendulkar with another century
Rahmanullah Gurbaz today smashed several records during the third One Day International (ODI) match against Bangladesh at the Sharjah Cricket Ground. Gurbaz smashed his eighth ODI century in just his 46th match, equaling the world record held by cricketing legends Sachin Tendulkar and Quinton de Kock for the most centuries before turning 23 years old. Notably, Virat Kohli had seven centuries before turning 23. Gurbaz has now a chance to This match also marked Gurbaz's position as the third-fastest batsman to reach eight ODI centuries, trailing only Hashim Amla and Babar Azam.
11.11 / 20:27
markets Digital Strategy Experts PAM show Colleges Sex Lives of College Girls release date: Where to watch?
Sex Lives of College Girls" is releasing in November. HBO and Max will stream the popular show in the US, as per a report. HBO and Max have a list for upcoming releases. The list also features «The Sex Lives of College Girls» «The Sex Lives of College Girls» will be streaming on HBO and Max from November 21.
11.11 / 20:27
markets Citi Digital security Experts social singer Taylor Swift put her security guard's manners in check at one of boyfriend's Travis Kelce's game; here's what she told him
Taylor Swift, the renowned singer recently showcased her polite demeanor when she eventually corrected a security guard at the Arrowhead Stadium while she was attending a game of Kansas City Chiefs to support her boyfriend Travis Kelce, reported Life & Style. According To Life and Style, as Taylor Swift arrived, the security guard instructed the photographers to ‘stay back’ which eventually prompted Taylor Swift to interject with a friendly, ‘stay back, please’ while smiling as captured in a video shared on social media. Also Read :Milestone in January: Donald and Melania Trump's 20th wedding anniversary is 5 days after his inauguration; here's what you need to know about their 2005 Palm Beach wedding
11.11 / 20:27
markets FIVE Digital Strategy Experts PAM reports Milestone in January: Donald and Melania Trump's 20th wedding anniversary is 5 days after his inauguration; here's what you need to know about their 2005 Palm Beach wedding
January 2025, Donald and Melania Trump will commemorate a significant milestone: 20 years of marriage, and he also assumes office for a second term in that same month, as quoted in a report by The Palm Beach Post. Monday, January 20, 2025, will be his inauguration day. Five days later, Donald and Melania Trump celebrate their twentieth wedding anniversary. Twenty years ago, Melania Knauss, a professional model, and Donald Trump were in the process of organizing their extravagant wedding in Palm Beach, Florida. The wedding had taken place at the Episcopal Church of Bethesda-By-the-Sea, and the reception was held in his private club's brand-new Donald J. Trump Ballroom.
11.11 / 20:27
markets Digital love Experts Celebrity PAM singer No Ben Affleck following divorce: Here's who Jennifer Lopez is planning to celebrate Christmas with
Ben Affleck's divorce, Jennifer Lopez discloses who she will be spending the holidays with. Despite her ongoing divorce from Ben Affleck, Jennifer Lopez won't be spending Christmas alone. The singer disclosed that she intends to spend the holidays with her closest loved ones, as quoted in a report by InTouch. In an interview with People on Wednesday, November 6, Jennifer, 55, stated that she is most looking forward to spending time with her kids and her family coming out from the East Coast because it was a pretty intense year for her.
11.11 / 17:57
markets UPS FIVE Digital awards Experts PAM HFCL consortium to get contract worth Rs 13,000 cr for BharatNet Phase 3 project
HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. «HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme,» the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after commissioning of the first ring of network, the filing said.
11.11 / 17:57
markets Target Digital Sustainability Experts PAM country Japan unveils $65 billion plan to aid domestic chip industry
Shigeru Ishiba on Monday unveiled a $65 billion plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives. The plan, which will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, comes as countries look to strengthen control over their chip supply chains after global shocks including trade tensions between the United States and China. Japan's government intends to submit the plan, including bills to support the mass production of next-generation chips, to the next parliament session, according to a draft of the plan seen by Reuters earlier on Monday.
11.11 / 17:57
markets Digital Experts PAM hospital Courts Colleges Trial begins in RG Kar Medical College doctor's rape and murder case, accused claims innocence
RG Kar Medical College & Hospital PGT doctor in August started at a special court in Kolkata's Sealdah on Monday. Meanwhile, the sole accused Sanjay Roy, while leaving the court in the evening, claimed today that he has been falsely implicated by Kolkata Police. The trial is being conducted on a fast-track and daily basis. «I have been a victim of conspiracy. Vineet Goyal and DC Special have falsely implicated me,» Roy said today from the prison van. Recently, Roy has claimed in front of media channels, while he was being produced in court, that he did not commit rape or murder, and he was being falsely implicated by the police. Pointing at the Kolkata Police, where he worked as a civic volunteer, Roy also claimed he had been threatened by his own departmental colleagues to remain silent in the matter.
11.11 / 17:57
markets COST UPS Digital awards Experts PAM Hindalco to spend $4-5 bn on upstream expansion
Hindalco Industries will spend $4 — $5 billion on capital expenditure over a period of three years to expand its upstream facilities for aluminium and copper, the company said on Monday. These include an aluminium smelter, alumina refinery, a copper smelter and a copper recycling plant, managing director Satish Pai said on a call post the earnings. The metal flagship company of the Aditya Birla group announced its earnings for the September quarter late on Monday, and its consolidated net profit jumped 78% on year to ₹3,909 crore helped by strong traction in its India business.
11.11 / 17:57
markets Citi Digital awards Experts PAM social HDFC Bank to divest HDFC House, other realty assets
HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development. Monetisation of these assets, which include some residential apartments, could together fetch about ₹3,000 crore for India's most-valued bank. The assets to be sold include the HDFC House in South Mumbai's Churchgate and residential apartments that were allotted to HDFC's senior officials earlier. Commercial assets across south Mumbai, Kalina, Chandivali and other cities including Kolkata, Mysore, and Bengaluru are valued at around ₹2,400 crore. Residential apartments are likely to be valued around ₹800 crore.
11.11 / 16:57
markets Digital security Strategy Research PAM innovations In a first, space exercise 'Antariksha Abhyas' gets underway in Delhi
Antariksha Abhyas — 2024', an exercise to «war-game the growing threats from and to space-based assets and services», is being conducted by the Defence Space Agency of Headquarters Integrated Defence Staff from November 11-13, the defence ministry said in a statement. Highlighting that space was becoming increasingly «congested, contested, competitive and commercial», CDS Chauhan impressed upon the military leadership to secure national interests in space by fostering innovation and developing cutting-edge technologies and state-of-the-art systems in collaboration with the Indian Space Research Organisation (ISRO) and the Defence Research & Development Organisation (DRDO) and academia. The first-of-its-kind exercise is expected to help secure national strategic objectives in space and integrate India's space capability in military operations, the statement said.
11.11 / 16:49
markets Digital Election Experts performer 'Fight polls as if I'm contesting all 70 seats', Kejriwal appeals to AAP workers in Delhi
AAP national convenor Arvind Kejriwal on Monday delivered a strong message to the district and booth-level party workers, asserting that their loyalty should not lie with any individual MLA or councillor, but should be tied directly to him. With Assembly elections due in Delhi early next year, Kejriwal also emphasised that the party will decide on its candidates based purely on performance and work, and not on political favouritism. Outlining his vision for the upcoming Assembly elections, Kejriwal said during an event at Kirari in north-west Delhi, «Your loyalty should not lie with any MLA or councillor. You should work as if I am contesting all the 70 seats (in Delhi).» «We will distribute tickets based on performance and rigorous surveys. It does not matter if an MLA or councillor is not selected; your allegiance should be with me as I am in front of you in all the seats,» he added.
11.11 / 16:49
markets Digital Strategy Mobile awards Experts Updates Do fresh KYC of PM Jan Dhan accounts due for updation: DFS secretary to banks
Nagaraju on Monday asked banks to carry out fresh KYC (know your customer) process for Jan Dhan accounts which are due for updation. The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period from August, 2014 to December 2014. These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years. Nagaraju chaired a meeting with all stakeholders for carrying out fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, the finance ministry said in a statement. During the meeting, Nagaraju suggested using all means for doing re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available digital channels.
11.11 / 16:23
markets UPS Digital Experts country innovations AIIB should strive for innovative financing tools, greater private capital mobilisation: FM Nirmala Sitharaman
Nirmala Sitharaman on Monday said the Asian Infrastructure Investment Bank (AIIB) should strive for greater provision of innovative financial models and scale up efforts for private capital mobilisation. The minister in her meeting with the AIIB delegation, comprising 11 officials of the Board of Directors of AIIB and senior representatives and staff, said India could act as a sandbox for AIIB's piloting of innovative financing models and technologies. Sitharaman, who is also Governor on the AIIB Board, stated that the multilateral institution should broaden its investment in priority sectors of climate adaptation and resilience, infrastructure development, energy security, urban development and extend support for India's next generation reforms, an official statement said. She also stressed upon the importance of continually incorporating finance plus and budget plus elements in AIIB's project design and implementation.
11.11 / 16:23
markets Digital security Align Pride social Profiles Snubbed by Donald Trump for his new cabinet, this is how Nikki Haley responded to the President-elect
Mike Pompeo would not be invited to join his second administration. Despite Haley’s earlier support and public endorsement of Trump, including at the Republican National Convention, Trump’s Truth Social post confirmed that both would be excluded from cabinet positions. Trump thanked Haley and Pompeo for their service but made it clear they would not play a role in his next term.
11.11 / 16:23
markets Digital Sustainability Celebrity AVP performer Schools Tulsi Vivah 2024: Check date, time, rituals, story behind Tulsi vivah here
Tulsi Vivah is one of India's oldest festivals. It is a ceremonial marriage of Lord Vishnu and Vrinda, in the form of Shaligram and Tulsi. It is observed on the Dwadashi tithi or twelfth lunar day, and is usually celebrated in October or November. Tulsi Vivah also begins the wedding season for Hindus which is paused during the Chaturmas, the four months when Lord Vishnu is in a deep slumber. Tulsi Vivah is considered to be the ‘Shubh Aarambh’ of the wedding season.
11.11 / 16:23
markets Target Digital Aware Highways Traffic International International Road Federation seek PM Modi’s intervention to reduce road accident fatalities
International Road Federation on Monday said it has written to Prime Minister Narendra Modi seeking his intervention in enhancing road safety measures to reduce the rising number of road fatalities in India through targeted interventions like placing two-wheeler ambulances at national and state highways and making smart helmets and two wheeler airbags mandatory. “The International Road Federation has written to the Prime Minister expressing concern at the growing number of road accident fatalities in the country and has suggested implementing strategies aimed at raising awareness, influencing policy, and advancing road safety measures,” it said in a statement issued on Monday. Citing the data of the ministry of road transport and highways (MoRTH), showing over 1,65,000 road traffic deaths in the year 2023 alone, the Federation said it accounts for roughly 11% of the global road traffic fatalities.

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