Digital Financial News

23.10 / 06:31
markets Digital Experts RAI Justice PAM Courts Chhota Rajan's life sentence suspended, grants him bail in Mumbai hotelier's murder case in 2001
Bombay High Court on Wednesday suspended the life sentence of gangster Chhota Rajan in connection with the murder of hotelier Jaya Shetty here in 2001 and granted him bail in the case. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan directed Rajan to furnish a bond of Rs one lakh for the bail. Rajan will, however, continue to remain in jail in connection with other criminal cases. In May this year, a special court convicted Rajan in the hotelier's murder case and sentenced him to life imprisonment.
23.10 / 06:31
markets Digital security Strategy Experts Universities information DSP Mutual Fund changes fundamental attribute of two equity schemes
DSP Mutual Fund has announced a change in fundamental attributes of its two equity schemes: DSP Equity & Bond Fund and DSP Quant Fund. The changes will be effective from November 28. The fund house informed about these changes through a notice-cum-addendum.
23.10 / 06:31
markets Digital Experts RAI PAM Schools NMDC increases iron ore prices by over 18 pc since August
NMDC has announced another price hike for its iron ore effective from October 23, a notification said. The price of lump ore has increased by 18.69 per cent since August this year and by 10.43 per cent in October alone to Rs 6,350 per tonne. While fines have seen a 17.35 per cent hike since August and a nearly 8 per cent rise in October to Rs 5,410 per tonne.
23.10 / 06:31
markets Digital BAY Experts PAM isolate evacuation Odisha deploys 288 rescue teams, evacuates people as Cyclone 'Dana' heads toward Bay of Bengal
Bay of Bengal intensified into cyclonic storm 'Dana' on Wednesday morning, the Odisha government expedited the evacuation of people from coastal areas and deployed 288 rescue teams in vulnerable areas across 14 districts, officials said. The state government has already mobilised 19 National Disaster Response Force (NDRF) teams, 51 Odisha Disaster Rapid Action Force (ODRAF) teams, and 178 Fire Services teams, with an additional 40 teams also deployed in the affected districts. On Wednesday morning, the Indian Air Force transported 150 NDRF personnel and relief materials to Bhubaneswar using two aircraft.
23.10 / 04:57
Digital Career Strategy Sustainability social innovations information How organisations can embrace Gen Z’s true potential
Subscribe to enjoy similar stories. In today’s BANI (Brittle, Anxious, Non-linear, Incomprehensible) world, organisations face tremendous pressure to be agile and establish themselves as resilient.
23.10 / 04:57
UPS Provident Digital Whirlpool stars prevention Features Best double door refrigerators in India Check out the top picks with the latest features and designs for your kitchen
1. Samsung 236 L, 3 Star, Digital Inverter, Frost Free Double Door Refrigerator The Samsung RT28C3053S8 features a 253L capacity with a digital inverter compressor. Its frost-free operation and easy slide shelf make it a convenient choice for any household.
23.10 / 04:27
markets Digital Cybercrime PAM reports Videos International Bengaluru airport lounge scam: How scamsters stole Rs 87000 from woman through app
Bhargavi Mani, she fell victim to the scam at Bengaluru International Airport while attempting to access a lounge before her flight. In a viral video, the woman explained how she was duped by the scamsters. According to Mani, she was not carrying her physical credit card and showed a photo of it to the lounge staff. She was then told to download an app and complete a facial scan for security purposes. Mani downloaded the «Lounge Pass» app but decided to get coffee at Starbucks instead of using the lounge. Later, she found she could not receive calls and discovered strangers were answering her calls. Mani then realized her credit card had been fraudulently charged over Rs 87,000, which was transferred to a PhonePay account.
23.10 / 04:27
markets Digital Sustainability Universities RAI Department Schools Over $459 billion transferred through DBT in last 8 years: Nirmala Sitharaman
Nirmala Sitharaman highlighted that more than USD 450 billion has been transferred through Direct Benefit Transfers (DBT) to the people in last 8 years. The minister shared these key insights on India's achievements with Direct Benefit Transfers (DBT) while speaking at the Wharton Business School at the University of Pennsylvania in Philadelphia, USA on Tuesday. «Over 51 ministries and departments in the central government deal with Direct Benefit Transfers (DBT). More than USD 450 billion have been transferred cumulatively in the last 8 years» the minister said.
23.10 / 04:27
markets Digital economy Trade Exponent PAM recommendations Best corporate bond mutual funds to invest in October 2024
corporate bond funds in October 2024. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.
23.10 / 03:43
markets Digital Strategy PAM Schools Features Investigations Ekta Kapoor, facing a case under under POCSO Act over 'Gandi Baat' web series, offers clarification
Ekta Kapoor and her mother, Shobha Kapoor, have addressed the controversy surrounding the case registered against them under the POCSO Act. The allegations involve inappropriate scenes featuring minors in the ALT Balaji web series 'Gandi Baat'. In response, ALT Balaji issued a statement clarifying the involvement of the two producers and denying any violation of laws. According to the statement, both Ekta and Shobha Kapoor are not involved in the platform’s daily operations. The management of ALT Balaji, including its content strategy, is handled by separate teams. The company emphasized that it operates in full compliance with the law, including the POCSO Act, and dismissed the claims of featuring minors as incorrect. ALT Balaji also expressed its faith in the judicial system and confirmed full cooperation with the ongoing investigation. «It is further clarified that Mrs Shobha Kapoor and Ms Ektaa R Kapoor are not involved in the day to day operations of the company and the same are managed by separate teams, including its content strategy. The company has complete faith in the judiciary and is fully co-operating with the authorities in the investigation. since the matter is sub-judice, the company refrains from commenting in detail,» the statement added.
23.10 / 02:59
markets FIVE Digital Racing President travelers Courts Trump hurls a string of insults at Harris including 'lazy,' a racist trope against Black people
Donald Trump on Tuesday hurled a series of personal attacks at Vice President Kamala Harris, calling her «lazy» — a word long used to demean Black people in racist terms — and repeatedly questioning her intelligence and stamina. At an event in Miami aimed at courting Latino voters, he said Harris was «lazy as hell» for not holding a campaign event. Trump's comments ignored that Harris spent her day in meetings in Washington and recording interviews with Telemundo and NBC. He referred to the first woman of color to lead a major party ticket as «slow» and having a «low IQ.» Later in the day during a rally in Greensboro, North Carolina, he called Harris a «stupid person» and went on to ask: «Does she drink? Is she on drugs?»
23.10 / 02:59
markets Digital Action Software performer Features Updates Anthropic releases AI to automate mouse clicks for coders
Anthropic, a startup backed by Alphabet and Amazon. com, released a pair of updated artificial intelligence models on Tuesday, along with a new capability to autonomously perform computer tasks and save users keystrokes. The new «computer use» feature can tell AI «where to move the mouse, where to click, what to type, in order to do quite complicated tasks,» Anthropic's chief science officer Jared Kaplan said in an interview. The capability is tailored to software developers and represents a move toward AI agents, programs that require little human intervention to carry out multi-step actions. Researchers have touted agents as a frontier for AI development beyond chatbots, which easily conjure prose or computer code though not actions.
23.10 / 02:59
markets Digital Strategy Election Experts Schools JMM releases 1st list of 35 candidates for Jharkhand polls, Hemant Soren fielded from Barhait
Hemant Soren from Barhait and Kalpana Soren from Gandey segments. The assembly polls will be held in two phases — on November 13 and 20 — while the results will be declared on November 23. Hemant Soren is the sitting MLA from Barhait (ST) constituency in Sahibganj district. He won the seat by 25,740 votes over his nearest BJP rival Simon Malto in the 2019 assembly elections. His wife Kalpana Soren had won the Gandey bypoll by 27,149 votes over her nearest BJP rival Dilip Kumar Verma. The seat had fallen vacant following the resignation of JMM MLA Sarfaraz Ahmad.
23.10 / 02:59
markets Digital Food Experts outbreak strain Investigations McDonald's E. coli outbreak: 1 dead, dozens sick across US — Everything you need to know
E. coli outbreak across 10 states, according to the U.S. Centers for Disease Control (CDC). The outbreak, caused by E. coli O157, sent 10 people to the hospital. This strain was also responsible for the deadly 1993 outbreak at Jack in the Box restaurants. The CDC reported that everyone affected had eaten at McDonald's prior to their illness, with most recalling having a Quarter Pounder. Investigators are focusing on slivered onions and fresh beef patties as potential sources, though the exact ingredient has not yet been identified. McDonald's has removed the slivered onions and beef patties from stores in the affected states, including Colorado and Nebraska, as a precaution. U.S. food safety attorney Bill Marler noted that onions have been tied to past E. coli outbreaks, while beef contamination is rarer due to strict food safety measures.
23.10 / 02:59
markets COST Target Digital economy Trade Experts ECB policymakers increasingly worried over too-low inflation
inflation falling below the central bank's 2% target, signalling a change in their focus after years of excessive price growth. Inflation in the euro zone dipped to 1.7% last month and could be back at 2% on a durable basis in the first months of 2025, ending three years of excessive price growth, when inflation even briefly rose into double digits.
23.10 / 01:35
markets Digital Cooper President Experts country PM Modi invites Russian President Putin to visit India next year for Annual Summit
Kazan [Russia], October 23 (ANI): Prime Minister Narendra Modi held a meeting with Russian President Vladimir Putin on the sidelines of 16th BRICS Summit in Kazan on Tuesday. PM Modi invited Putin to visit India next year for 23rd India-Russia Annual Summit. The two leaders reviewed bilateral cooperation in various sectors, including political, economic, defence, energy, and people-to-people ties, Prime Minister's Office said in a press release. This was their second meeting this year as the two leaders had earlier met in Moscow for the 22nd India-Russia Annual Summit in July 2024.
23.10 / 00:43
markets Digital Aware Strategy Experts PAM reports Udaan eyes $100 million from UK’s M&G and others at flat value
investment firm M&G Prudential is in talks to lead a new funding round of $80-100 million for Bengaluru-based business-to-business (B2B) ecommerce firm Udaan, several people aware of the development told ET. The new funding round, when closed, will boost the UK-based company's shareholding in Udaan from about 15% now, the people cited earlier said. M&G Prudential is the second largest shareholder in the company after Lightspeed Venture Partners, which holds about 40% stake. Udaan, which saw a 44% cut in valuation at around $1.8 billion last year, may see the latest round at the same flat valuation, the sources said, adding that a term-sheet has been signed and the deal contours are being finalised.
23.10 / 00:43
markets UPS Digital Experts PAM reports Acko finalising $120 million secondary share sale; Enam, Mithun Sacheti, Madhu Kela likely to come on board
Acko General Insurance is closing a $100-120-million secondary deal that will see some of its earliest backers including Infosys founder Narayana Murthy's venture capital firm Catamaran Ventures and private equity fund Chrys Capital’s founder Ashish Dhawan selling stakes in the new-age insurer. Incoming investors include Enam group’s family office led by Akash Bhanshali, CaratLane founder Mithun Sacheti, Arpwood Capital and public market veteran Madhusudan Kela of MK Ventures, people familiar with the development told ET. Existing shareholder private equity major General Atlantic will also shore up its position by acquiring additional stake, one of the persons said.
23.10 / 00:43
markets Digital Strategy economy Experts PAM show As North America gains traction, IT companies note softness in Europe
Europe was a bright spot for the Indian IT industry's growth when its chips were down. But as North America has started gaining traction for the IT services industry, the other side of the pond has begun to show signs of softness for many of the top IT companies. Experts also say Europe is facing a decelerating economy which is unlikely to improve in the near future and, hence, clients are pulling back hard on discretionary spends and looking to delay large projects. While IT leaders' commentaries on Europe didn't reflect on their Q2 numbers, analysts say they are largely reflective of deal pipelines and will show in coming quarters. Infosys in its Q2 earnings call said that in Europe, the automotive sector was challenged recently while discretionary spend remains under pressure.
23.10 / 00:27
Provident Digital Platform Trade Experts information Russian Crypto Exchange Regulations ‘Will Be FATF-Compliant’
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
22.10 / 21:07
markets UPS Digital economy Inside reports Soft landing or Hard landing of the U.S economy? It's more like no landing; what it is, here's all you need to know
According to a Business Insider report, there is a chance of a 'no landing' scenario, where things would be bullish for US stocks. Under these circumstances, high-dividend yielding sectors will be benefited since short-term rates will collapse first. This scenario also includes a major run for hot economic data and growth which will end up in boosting the US markets but will also witness a steep rate cut cycle from the US Federal Reserve, says Business Insider. Institutions like the Bank of America and UBS could be one of the primary once affected in this no landing outcome but it must also be noted that under these estimated circumstances, the growth of the US markets remains stronger than ever, with a deflation of inflation fears along with an elevation of interest rates. Also Read: What is the Golden Visa that Prince Harry and Meghan Markle are eyeing by buying a house in Portugal? <div data-placement=«Mid Article Thumbnails» data-

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