Digital Financial News

Job offers from startups and ecommerce companies at the country's prestigious business schools surged this hiring season, with graduates of the Class of 2025 being wooed with attractive pay packages to help drive growth and expansion plans. The Indian Institutes of Management (IIMs), XLRI-Xavier School of Management, Management Development Institute (MDI) Gurgaon, Faculty of Management Studies (FMS) Delhi, and Institute of Management Technology (IMT) Ghaziabad were among the B-schools that saw offers pour in from companies such as Zomato, Flipkart, Amazon, Navi, Myntra, PhonePe, Ola, Nykaa and Swiggy, among others. Business expansion plans and the push towards digital transformation drove hiring across domains, including product management, growth and marketing, operations, business analytics, sales, tech, finance and human resources (HR), covering entry- to mid-level leadership roles.

Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, has filed a plea to initiate insolvency proceedings against the wholly owned subsidiary of electric two-wheeler maker Ola Electric, over alleged payment defaults. The petition, filed before the Bengaluru bench of the National Company Law Tribunal (NCLT), claims non-payment for services rendered and seeks to initiate a corporate insolvency resolution process (CIRP) against Ola Electric Technologies. Ola Electric has disputed the claims and said it plans to challenge the petition through legal proceedings.

blockchain technology and digital assets into the country's financial system. The development comes following the recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for the management of digital assets. The Pakistan Crypto Council (PCC) would regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan's economic framework. A statement from the Finance Division on Friday described the council's formation as a significant step in the country's efforts to adopt digital finance, positioning it as a key player in the global shift towards blockchain technology.

The dust up between FTX founder Sam Bankman-Fried and Terry Duffy, the boss of the US’s largest futures and options exchange, was emblematic of Wall Street’s skepticism then about a new generation promoting digital assets and the crypto bigwig’s plans to change the way derivatives trade.

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than US$200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House.

Subscribe to enjoy similar stories. India’s biggest telecom operators—Reliance Jio and Bharti Airtel Ltd—turning marketing agents for Elon Musk’s satellite broadband project, Starlink, is a welcome development. The government must explicitly assist in this with funds from the Universal Service Obligation Fund, now dubbed the Digital Bharat Nidhi, to make satellite broadband connection affordable even for low-income communities in rural areas.

BARCELONA — Europe's telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence.

Digital lenders, non-banking financial companies (NBFCs), and banks have collectively disbursed an impressive Rs 74,500 crore through the Account Aggregator (AA) framework in the first half of the current fiscal year, according to a report by Sahamati, the industry alliance supporting the AA ecosystem. Among these, the top eight lending institutions, which account for 62% of the consents, reported a total disbursement of Rs 46,200 crore. Since its inception in September 2021, the AA framework has enabled total disbursements of Rs 1.3 lakh crore, with the top lending institutions contributing Rs 88,700 crore of this amount, the report showed. In the first half of fiscal year 2025, lenders utilized the Account Aggregator framework to facilitate 5.47 million loans, bringing the total to 9.70 million loans since the launch of the ecosystem.

Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade, its use in the country's oil trade has not previously been reported. Some Russian oil companies are using bitcoin, ether and stablecoins such as Tether to smooth the conversion of Chinese yuan and Indian rupees to Russian roubles, the sources said, adding that it is a small but growing part of Russia's overall oil trade, which according to the International Energy Agency was worth $192 billion last year. All the sources declined to be identified due to the sensitivity of the matter. Cryptocurrencies have already helped enable countries under U.S. sanctions such as Iran and Venezuela to keep their economies running while avoiding use of the dollar, the preferred currency for transactions in the global oil market.

As it is a regional holiday, banking activities will be impacted in select states. As Holi is a major festival across the country, banks in several states will remain closed on this day. Also read: New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impact

Department of Government Efficiency (DOGE), launching a venture to address tech gaps left by mass layoffs and dissolved federal teams. Cuban, a vocal Trump critic, is funding startups led by former staffers from the General Services Administration (GSA) and White House tech units like 18F and the US Digital Service (USDS). These teams, once tasked with modernizing critical systems like Login.gov (used for Medicare and Social Security access), were gutted after being labeled “non-critical” by the Trump administration.

YouTube as part of its strategy to curb subscriber migration from linear TV to free digital streaming, sources familiar with the matter told ET. The company may implement this from May 1 but it has not yet taken a final decision, they added. This will be the second significant decision by the company, which was formed through the merger of Disney's Star India with Reliance Industries' Viacom18. The move follows the company's decision to place content behind a paywall on JioHotstar after offering premium content, including sports, for free for two years prior to the merger-a strategy that had impacted both pay-TV and subscription video-on-demand (SVOD) services.

money laundering, corruption, fraud, asset recovery and the financing of illicit activities, the ED said Thursday. The collaboration between Enforcement Directorate (ED) and the Financial Crimes Commission (FCC) of Mauritius will «bolster» financial enforcement capabilities and will also contribute to broader economic and security cooperation between the two nations, the federal probe agency said in a statement. The Memorandum of Understanding (MoU) was exchanged in the presence of Modi and Prime Minister of Mauritius Navinchandra Ramgoolam. During the discussions leading to the MoU, the ED and the FCC explored the possibilities of «joint operations» to detect, investigate and prosecute cross-border money laundering offences, according to the ED. They also underlined the significance of exchange programmes, experience sharing, training and skill building of the officers of both the organisations, it said. «Discussions were held on how ED can assist FCC by providing technological assistance and sharing of their digital forensic tools and best practices, towards ensuring better data seizing and extraction, and more productive data analysis,» the statement said.

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Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.

Sachin Shah, Fund Manager, Emkay Investment Managers, says midcaps and smallcaps will be very bottoms up, very company specific, where the earnings growth will have to be very solid, the tailwind over there may not be there, but it was there for the last two-three years as far as both from the investor's perspective and also from the ground level business perspective. So, largecaps will be relatively easy to invest and make some decent returns over the next 12 to 18 months. The colours of Holi are on the screen, some bit of a green and some bit of a red. There is a Holi feel all around. But the question is when will the markets turn pink? Pink as in when will we get back to that pink of health for the markets? What is your current take on the markets and how are you navigating this volatility? Sachin Shah: Clearly, we are seeing a decent amount of volatility in CY25. Even the last quarter of CY24 was not very great. And it is driven by the global headlines, global flows, and, of course, in the last few months also, it has to do something with the domestic economy. We have to understand that as equity investors, we have to be ready for a non-linear kind of market movements and this is also a phase because we have had some fantastic times in the last five years. Because even today, in the current financial year, the markets are more or less flat, but in spite of that, with that flat year also if you see the last two years, three years, five years, all the returns are in the range of 18%, 20%, 25%.

Piyush Goyal on Thursday urged the creative industry to take India's story to the world and contribute further to the economic growth. He emphasised putting trust and authenticity at the centre of their work and taking responsibility and accountability for the output they generate.

JioHotstar has set new records in India’s live sports streaming with the ICC Men’s Champions Trophy 2025, drawing 540+ crore views and nearly 11,000 crore minutes of watch time, cementing its dominance in digital sports. The India vs. New Zealand final captivated audiences nationwide, drawing 124.2 crore views and reaching a peak concurrency of 6.12 crores. Hindi-speaking regions contributed over 38% of total viewership, with Uttar Pradesh, Uttarakhand, Maharashtra, Goa, Punjab, and Haryana leading consumption. Large-screen viewing also saw a surge, with JioHotstar achieving over 80% penetration in WiFi-enabled CTV households, and Maharashtra recording the highest viewership. Kiran Mani, CEO – Digital, JioStar, highlighted the platform’s scale and accessibility: «The overwhelming response to the ICC Men’s Champions Trophy 2025 marks a leap toward the billion-screen opportunity, where seamless access and immersive engagement are now the expectation, not the exception. The tournament also saw the highest-ever single-day subscriptions since launch, during the India vs Australia match, further underscoring the scale at which audiences are embracing digital streaming. This moment is a testament to our commitment to making high-quality experiences accessible to all and transforming digital consumption in India, as we continue to deliver unparalleled, seamless, and inclusive experiences built for the future.»

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Also read: Bank holidays in March 2025: Check state-wise list of bank holidays in March The Reserve Bank of India (RBI) issues a list of public and regional holidays for banks under the Negotiable Instruments Act, 1881. As Holika Dahan is a significant festival in North and Central India, many banks in these regions will remain closed.

Subscribe to enjoy similar stories. Blackstone Group Inc of the US will build out its credit and infrastructure verticals in India to complement its private equity (PE) and real estate businesses, senior executives at the firm said, adding that the firm is expecting to double its India assets under management (AUM) over the next three years. “We have a global (credit) business of over $450 billion in assets that we hope to bring into India," Blackstone’s chairman, chief execuitve officer and co-founder Stephen Schwarzman said in a media interaction in Mumbai.