Digital Financial News

Subscribe to enjoy similar stories. New Delhi: American trade negotiators are pushing for a level playing field for US-based e-commerce companies such as Amazon and Walmart-owned Flipkart with Indian firms such as Reliance, two people aware of the matter said.

This should be commensurate with awareness of responsible and ethical use of AI without curbing innovation, they said at the second edition of The Economic Times Digital Transformation Dialogues in Bengaluru, moderated by ET's Beena Parmar. The technology services world is moving towards the platforms and products operating model, which will increasingly rely «not on seniority or experience, but on your ability to deliver on your role,» said Sandhya Arun, chief technology officer at Wipro, which operates in an industry where revenue has traditionally been linked to the headcount. «A role itself has many tasks. If you break it down, some of those tasks will get automated, will get handed off to AI, but the role itself will transform as opposed to the role disappearing if you are doing something relevant such as impacting business value, delivering products ensuring quality and security,» Arun said. Because of this, Wipro is training its next gen, or young associates, to become full stack to work across frontend and backend of technology applications.

Priyank Kharge said. The state's digital infrastructure at the panchayat level is «extremely good», said Kharge, who handles the portfolios of rural development, panchayat raj, information technology and biotechnology. «I have close to around 6,000 panchayats, and all the gram panchayat meetings have moved online. We are at a beta level, but more than 136,000 meetings have been conducted online,» Kharge said at the second edition of the Salesforce Economic Times Digital Transformation Dialogues. The meetings are open to people and have been viewed online by 25,6 million people, out of which 11.7 million are women, the minister said. The state has also mapped around 15 million properties with Geographic Information System (GIS) tagging, bringing them under panchayats' tax ambit.

SIA-India) on Wednesday welcomed the strategic partnerships of Elon Musk-led SpaceX with Airtel and Reliance Jio. «These collaborations will accelerate broadband expansion and play a crucial role in enhancing connectivity across industries such as ports, rural enterprises, mining, oilfields, villages, and India's Exclusive Economic Zone (EEZs), where satellite technology can deliver substantial value,» Anil Prakash, director general, SIA-india, said. He said by complementing existing terrestrial networks, these partnerships will drive socio-economic growth, foster digital inclusion, and unlock new business opportunities across sectors like education, healthcare, e-governance, and agriculture.

This is a welcome move. But just adding seats won't be enough to harness the full potential of IITs.

MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoin — a type of cryptocurrency pegged to a fiat currency such as the dollar. A spokesperson for Binance declined to comment on which stablecoin the payment was made in.

Indian space economy is aiming to reach USD 44 billion by 2033 from USD 8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy — Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organized by FICCI. According to the report, the global space economy is projected to exceed USD 1.8 trillion by 2035, with commercial satellite services, deep-space exploration, and space-based infrastructure driving expansion. The report further states that India has set an ambitious target to grow its space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, aiming to capture 8 per cent of the global market. This growth is being fuelled by policy reforms, private sector participation, and increased international collaboration, supported by the Indian Space Policy 2023 and institutions such as IN-SPACe and NSIL. FICCI-EY report notes that a significant shift is underway, with India's space sector evolving from a government-led model to a commercially driven, innovation-led ecosystem. Satellite communication (SATCOM), projected to reach USD 14.8 billion by 2033, will play a critical role in expanding digital connectivity, particularly in rural and underserved regions.

Subscribe to enjoy similar stories. Saudi Arabia's upcoming second national airline, Riyadh Air, is expected to start operations in India in 2026. According to Tony Douglas, chief executive officer (CEO) of Riyadh Air, the airline is open to partnering with Indian airlines like Air India and IndiGo and Indian information technology (IT) companies for its digital infrastructure.

Subscribe to enjoy similar stories. New Delhi: In 1920s British-ruled India, scheming courtesans deftly navigate their way through a world of power, love and influence. Meanwhile, in the present day, an engineering graduate ends up working in the panchayat office of a remote village in a comic turn.

forgotten financial windfall, discovering decades-old Reliance Industries Ltd (RIL) shares originally purchased in 1988, now valued at approximately Rs 12 lakh. The revelation has triggered a wave of social media reactions, ranging from financial advice to lighthearted banter. Rattan Dillon, a car enthusiast from Chandigarh, found physical share certificates of RIL during a spring cleaning session. The documents revealed that the original shareholder—now deceased—had acquired 30 equity shares at Rs 10 each. Unfamiliar with stock market procedures, Dillon turned to social media for guidance.

Subscribe to enjoy similar stories. While equities have been sliding since late 2024, gold has been on a tear. The run-up in gold prices means the union government faces a much higher liability on payouts in its sovereign gold bond (SGB) scheme, which was introduced in 2015 and raised funds in 67 tranches.

JioStar is gearing up for the Indian Premier League (IPL) 2025 with a roster of 20 sponsors, including My11Circle, Campa Energy, Birla Opus, PokerBaazi, SBI, PhonePe, Mutual Funds Sahi Hai, Thums Up, Google Search, Allen Solly, Jaquar Bath + Light, GPay, Kent Kuhl Fans, Dream11, Campa, Joy Cosmetics, TVS, Asian Paints, Zupee, and Amul. With IPL’s reach and influence, these brands across categories such as Beverages, ACs and fans, BFSI, Fintech, Fantasy Sports, Mobile Phone Handsets, and Paints are set to maximise visibility and forge connections with cricket fans across the country, the company said in a statement. Ishan Chatterjee, Chief Business Officer, Sports Revenue, SMB & Creator, JioStar, said, “IPL is more than a sporting event — it’s a juggernaut that brings fans and brands together at an unprecedented scale. As we gear up for the 2025 season, we are excited to welcome our sponsors to our platforms that deliver scale, impact, and consumer engagement. With ad innovations and synergy between TV and digital, we remain committed to delivering impact and value for our partners while elevating the fan experience.”

Kaynes Technology India cracked 9.6% to their intraday low of Rs 3,893.85 on the BSE on Wednesday, March 12, after the Securities and Exchange Board of India (SEBI) issued a show-cause notice to the company’s Managing Director Ramesh Kunhikannan, over alleged violations related to insider trading regulations. An official disclosure by SEBI, dated March 10, 2025, cites concerns regarding the maintenance of a Structured Digital Database (SDD) for financial results for the period ended March 31, 2023. The alleged violations are linked to the Prohibition of Insider Trading (PIT) Regulations, 2015, which govern the handling of sensitive financial data to prevent unfair trading practices.

Reliance Jio has announced a partnership with Elon Musk’s SpaceX to offer Starlink satellite internet services in India. The deal, however, hinges on government approval before SpaceX can begin operations in the country. Under the agreement, Jio will make Starlink equipment available in its retail stores and online platforms while also providing installation support. This collaboration comes after a previous clash between the two companies over spectrum allocation for satellite services. While Jio pushed for an auction, the Indian government sided with Musk’s preference for administrative allocation, in line with global practices. Jio’s announcement comes just a day after Bharti Airtel inked a similar deal with SpaceX. Airtel, which has a long-standing presence in satellite communications through its OneWeb project, is positioning itself to leverage Starlink’s capabilities. The two telecom giants are now set to compete not only in traditional broadband but also in the satellite internet space. Both deals are conditional upon Starlink obtaining government approval to begin operations in the country.

Subscribe to enjoy similar stories. Global venture capital firm Bessemer Venture Partners expects artificial intelligence (AI) to disrupt its investment roadmaps, with a disproportionate share of its new $350 million India-dedicated fund likely to flow into opportunities in this new-age technology that promises to transform businesses.

streaming date was first revealed by People magazine.

Airtel partners Eutelsat OneWeb for satellite broadband, but the European competitor to Starlink uses a different satellite constellation that makes its services more expensive. Both services are way more expensive than terrestrial broadband services Airtel and competitor Reliance Jio offer in dense urban clusters. Yet, around 40% of Indians don't have internet access.

pilots in the next 15-20 years as domestic airlines have more than 1,700 planes on order as they expand their network, Civil Aviation Minister K Rammohan Naidu said on Tuesday. Asserting that the ministry is working with a collective approach for the aviation industry, he also said that officials are verifying various aspects of 38 Flying Training Organisations (FTOs) and these organisations will be rated. The minister was speaking at a function to mark the signing of a Memorandum of Understanding (MoU) for an order for 200 trainer aircraft. Indian airlines have placed orders for more than 1,700 aircraft and currently, there are over 800 planes, Naidu said.

James submitted before the Special CBI judge Sanjeev Aggarwal that he would need at least two months to apply for and get access to a passport as the same had expired. The accused, Michel James, needs to surrender his passport to the court authorities as one of the conditions required to be fulfilled for the grant of bail. On March 7, the Court directed Michel James to furnish a bond of Rs 5 lakh with one surety of the same amount as part of his bail conditions. The court had also directed Michel to surrender his passport. Since his passport had already expired, the court directed him to apply for a new passport with the British High Commission as per the prescribed rules.

earthquake of magnitude 4.1 jolted Tibet on Tuesday, a statement by the National Center for Seismology (NCS) said. As per the NCS, the earthquake occurred at a depth of 10km, making it susceptible to aftershocks. In a post on X, NCS said, «EQ of M: 4.1, On: 11/03/2025 12:39:06 IST, Lat: 28.52 N, Long: 87.40 E, Depth: 10 Km, Location: Tibet.» Shallow earthquakes like this one are more dangerous than deeper ones due to their greater energy release closer to the Earth's surface, causing stronger ground shaking and increased damage to structures and casualties, compared to deeper earthquakes, which lose energy as they travel to the surface.

Subscribe to enjoy similar stories. India’s consumption landscape has undergone a significant transformation over the last two decades, influenced by shifts in income distribution, economic shocks and changes in spending behaviour. Data from PRICE’s ICE 360 pan-India household survey provide a detailed account of these trends, shedding light on the financial resilience of different income groups and the impact of events such as the pandemic.