Digital Financial News

Aakash Educational Services plans to invest around Rs 100 crore in rebuilding and scaling up its edtech unit Aakash Digital after it has come out of the control of beleaguered edtech company BYJU'S, managing director and CEO Deepak Mehrotra said. In an interview to PTI, Mehrotra said that as part of Aakash 2.0 journey, the company will scale up Aakash Digital classrooms to cater to students across the country including in those areas where it is not feasible to set up physical rooms. «We have brought the Aakash Digital Program back under Aakash, we are building on it and investing heavily. We believe that over the next 18 to 24 months, we will be spending close to Rs 100 crore on building this programme — investing in technology, content, teacher capabilities, and delivery. This investment will go into the Aakash Digital Classroom Program,» Mehrotra said. BYJU's had acquired a majority stake in Aakash Educational Services (AESL) in April 2021 but due to financial trouble at the company, BYJU'S had to sell a significant stake in Aakash to Manipal Group chairman Ranjan Pai.

Target is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday. The price reductions will be across national brands and Target's own private brands, including food and beverages, everyday essentials and holiday gifts, it said. The move comes ahead of the shorter-than-usual key shopping period this year, and against a backdrop of frugal consumer behaviour.

PwC India survey. The PwC Survey on Data Privacy offers vital insights from 3,233 consumers and 186 organisations across India, exploring the awareness and implementation gaps concerning the Digital Personal Data Protection Act (DPDPA), the consultancy firm said. As per the survey report titled 'How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy? A survey of India's data privacy landscape', 42 per cent of consumers are not sure if they will continue using the services of a company post a data breach.

Navy Vice Chief Vice Admiral Krishna Swaminathan on Tuesday said the naval force was happy to learn about India and China reaching an agreement on patrolling along the LAC in eastern Ladakh as he underlined that in national security issues, it is «not easy» to come to any kind of a settlement. He said this during a media interaction held at Kota House ahead of the third edition of Navy's flagship seminar Swavlamban. His remarks came a day after India announced that it has reached an agreement with China on patrolling along the LAC in eastern Ladakh.

Three Mile Island nuclear plant in Pennsylvania have sat dormant for so long that grass has sprung up in the towers' hollowed-out bases and wildlife roam inside. Armed guard stations at an entrance to the shut concrete facility, surrounded by barbed wire, sit empty. The plant, which would run so loud when operating that workers were required to wear hearing protection, is nearly silent. «It's still eerie walking in here and it's, just, quiet,» Constellation regulatory assurance manager Craig Smith said during a tour of the plant last week. Smith, who worked at Three Mile Island when Constellation shut the site's remaining reactor in 2019, is now preparing for a restart.

New York magazine says the publication and star political reporter Olivia Nuzzi have decided jointly to “part ways."

Subscribe to enjoy similar stories. Keeping up with the latest investing trends can be a real hassle for retail investors nowadays.With fast-moving trends, changing market conditions, and numerous industries to choose from, new investors have a lot to consider when building their portfolios. But in today's hyper-connected digital world, we have access to more data and insights than ever before. This has made ‘guru investing’ more popular than ever.

Meghalaya is all set to celebrate the “Year of Legends” as the highly awaited Shillong Cherry Blossom Festival 2024 returns with a spectacular edition on November 15-16, at the RDSA Sports Complex in Shillong. The festival has become one of India’s most exciting cultural events, with a fusion of culture, music and nature. This year, it an unforgettable experience as it is going to offer not only the beauty of cherry blossoms but also, an extraordinary lineup of international musical sensations and homegrown stars. Day-1 of the festival will set the stage with a legendary musical experience. Festival Goers will be treated to performances by BONEY M as part of their Farewell Tour. This, is once-in-a-lifetime opportunity to witness the iconic band live. Joining them will be the soulful Jasleen Royal and international sensation Lucas.

US-China trade war have fallen short, according to a new study, with other Asian rivals benefiting to a much greater extent from escalating tensions between the world’s biggest economies. Between 2017 and 2023, India’s total share in US imports rose by 0.6 percentage points to 2.7% while mainland China’s portion dropped by around 8 percentage points to under 14%, according to Oxford Economics. The biggest beneficiary from the trade diversion in the region has been Vietnam, whose total share in US imports grew by 1.7 percentage points to 3.7% in the period. Taiwan and South Korea have also made greater strides than India, increasing their share of US imports by 1 percentage point and 0.7 percentage points, respectively, according to Oxford.

Air India received bomb threats for their international and domestic flights, on Monday night. After safely disembarking the customers, Indigo informed that they were working closely with the relevant authorities and standard operating procedures were being followed. Indigo, in its press release, announced that they received a security-related alert on nearly 10 flights including domestic and international. The flights that received the bomb threat are 6E 164 (domestic), 6E 75 (international), 6E 118 (domestic), 6E 67 (international), 6E 18 (international), 6E 83 (international), 6E 77 (international), 6E 12 (international), 6E 65 (international), 6E 63 (international). It must be noted that most of these international flights were bound for Jeddah in Saudi Arabia or bound for India from Istanbul in Turkey.

gold loan growth. The lenders will have to revisit policies and processes to ensure compliance, it said. The Reserve Bank of India (RBI) recently flagged certain irregular practices in the loan against the gold jewellery space and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a timebound manner. This could potentially impact gold loan disbursements during the transition phase and curb growth in the business. The circular is addressed to the supervised entities (SEs) of the RBI — all commercial banks, including small finance banks, primary (urban) co-operative banks and non-banking financial companies (NBFCs). Some areas highlighted in the circular of deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due diligence in monitoring the end-use of gold loans among others.

Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering to exit from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 per cent stake in the JV. It's shares were trading at Rs 1744.05 apiece on the BSE, down 0.85 per cent. Allianz, which holds the remaining 26%, has indicated its strategic priorities have shifted, prompting the potential exit.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Paytm has beat expectations or at least managed to do so for now, thanks to Zomato. One97 Communications, which operates fintech and digital payments major Paytm was expected to clock higher revenue growth but the losses were expected to widen in Q2. Losses for the July-September 2024 period were likely to widen up to Rs 660 crore from Rs 290 crore in the same period of last year. However, beating expectations in the second quarter of FY 2025, Paytm posted a profit of Rs 930 crore, largely fueled by a one-time exceptional gain of Rs 1,345 crore from selling its entertainment ticketing business to Zomato.

Supreme Court on Monday criticised the Enforcement Directorate (ED) and expressed concern over the way in which PMLA was being implemented. It also made it clear that any high-handedness against any accused in violation of their fundamental rights would not be allowed, reported TOI. “ED officers should remember that there is something called Article 21 in the country (which guarantees right to life and liberty),” the Supreme Court said. A bench of Justices Abhay S Oka and Augustine George Masih took exception to the way in which former IAS officer Anil Tuteja was issued summons and arrested in a hurry. It sought an explanation from ED.

AAP supremo Arvind Kejriwal of spending taxpayers' money on personal comfort during his tenure as Delhi chief minister. The BJP leaders alleged that Kejriwal spent crores on lavish items and modern facilities at his official residence at 6 Flagstaff Road. Kejriwal after resigning as Delhi Chief minister vacated the Flagstaff Road bungalow in Civil Lines earlier this month. In a protest near Kejriwal's current residence on Firozshah Road, Delhi BJP president Virendra Sachdeva alleged that 15 toilet seats installed at "Sheeshmahal" (Flagstaff Road bungalow) after spending lakhs of rupees were missing.

Meiyazhagan’ will be making a grand debut on OTT soon! The Karthi-Arvind Swamy-starrer will be heading to Netflix. As per a report by 123 Telugu.com, audiences can stream this highly emotional Tamil drama from November 27. The heartfelt slice-of-life drama premiered in September and received glowing reviews. Read on to learn more about the film.

Kshatriya Karni Sena has announced a reward of ₹1,11,11,111 for the police officer who conducts an encounter of jailed gangster Lawrence Bishnoi. This announcement comes after Bishnoi’s gang claimed responsibility for the murder of NCP leader Baba Siddiqui in Mumbai. Raj Shekhawat, the national president of Kshatriya Karni Sena, made this declaration in a video statement, highlighting his concerns about the rising influence of gangsters like Bishnoi, a NBT report stated.

The assets under management (AUM) of equity mutual funds has surged by 3.10% sequentially to Rs 26.43 lakh crore in September 2024 from Rs 25.64 lakh crore in August 2024 (excluding sectoral / thematic funds), according to latest study on mutual fund performance analysis by PL Wealth Management.

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market. The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption. Cook said Tuesday on his official account on social media platform Weibo that he had met with Chinese university students using Apple products to boost sustainable farming practices.

Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day until the US Election Day on November 5 has raised questions about the legality of such a move. While Democratic candidate Kamala Harris's campaign has not commented on the contest, Josh Shapiro, the Democratic Governor of Pennsylvania, said on NBC's Meet the Press: «I think it's something that law enforcement should take a look at.» Musk, the world's richest man, announced the contest Saturday in Pennsylvania, one of the seven "swing states" that will likely determine who will become the next US president — Harris, or Republican Trump.