Digital Financial News

HDFC bank, Yes bank, CSB Bank and Karur Vysya Bank reported higher deposit growth print than credit growth, in a reversal of the sectoral trend of credit growth outpacing deposit growth over the past two years. India’s largest private sector lender HDFC Bank grew deposits by 15.1% year-on-year at the end of the September quarter taking its total deposit base to Rs 25 lakh crore. Sequentially deposits grew by 5% as it added Rs 1.2 lakh crore worth of deposits in one quarter alone. «Deposit growth is the metric that matters the most for HDFC Bank and it looks healthy, and going by the other banks’ headline metrics that have come in, there is a clear improvement in the liquidity environment,» said Pranav Gundlapalle, head, India financials at Bernstein.

Subscribe to enjoy similar stories. Earlier this year, the PGA Tour’s digital chief witnessed ChatGPT make the digital equivalent of a double bogey when the chatbot flubbed a question on basic golf lore: How many times has Tiger Woods won the Tour? Generative AI’s foundation models can be trained on vast troves of data from the internet and other sources, but still lack deep, specific knowledge even on topics as mainstream as golf, Scott Gutterman, the Tour’s senior vice president of digital and broadcast technology, realized. “There’s missing data, there’s generalized data.

Samantha Ruth Prabhu, known for her commitment to wellness, has expanded her approach by incorporating aromatherapy into her routine. She recently shared her experience during her "healing journey." In a recent post, Samantha mentioned, «When I was on my healing journey and went for treatment abroad, aromatherapy became an unexpected source of comfort and healing for me. I realized just how much the healers in the West were using the power of essential oils to enhance well-being. It made such a difference to my health.»

Subscribe to enjoy similar stories. SYDNEY : Google threatened to stop linking to news in New Zealand if lawmakers pass a bill aimed at making digital platforms pay media outlets, setting up another fight over whether tech companies unfairly benefit from news content. New Zealand is seeking to become the latest country to pass a law that would compel digital platforms like Alphabet’s Google and Meta’s Facebook to pay for news articles, at a time when traditional media outlets have been struggling as readers shift to online platforms.

tractor trolley in this Uttar Pradesh district in the early hours of Friday, police said. The incident took place around 1 am on G T Road, between Kachhawan and Mirzamurad on the Mirzapur-Varanasi border, Superintendent of Police (Mirzapur) Abhinandan said. «The tractor trolley, carrying 13 labourers who were returning from construction work in Bhadohi district, was hit from behind by the truck that had gone out of the driver's control,» the SP said. On being alerted, the SP and other senior officers rushed to the scene to oversee the rescue operations.

classical language. «I am very happy that the great Bengali language has been conferred the status of a Classical Language, especially during the auspicious time of Durga Puja. Bengali literature has inspired countless people for years. I congratulate all the Bengali speakers all over the world on this,» Modi posted in his X Handle. Taking to her X Handle, Banerjee posted, «Most happy to share that Bengali/ Bangla has been finally accorded the status of a classical language by the Government of India. We had been trying to snatch this recognition from Ministry of Culture, GOI and we had submitted three volumes of research findings in favour of our contention. Union government has accepted our well-researched claim today evening and we finally reach the cultural apex in the body of languages in India.»

divorce, Jennifer Lopez and Ben Affleck are allegedly fighting over these money matters. Jennifer Lopez and Ben Affleck apparently didn’t sign a prenuptial agreement ahead of their July 2022 wedding in Las Vegas. It's absurd that any of their financial advisors would have permitted that to occur, but that's most likely the reason the divorcing couple is allegedly engaged in a legal dispute over two of their assets. The $60 million house they've listed for $68 million and the production company Artists Equity Ben formed with Matt Damon two years ago, in which Jennifer also has a stake, are the assets at stake. They had no prenup, which complicates things, as reported by In Touch Weekly.

Despite its small size, Haryana is known for its twists and turns in politics. And it witnessed another such twist when Ashok Tanwar joined Congress at a rally in Haryana in presence of Rahul Gandhi, just an hour after seeking votes for BJP in the upcoming Haryana assembly polls. Tanwar started his political journey from Congress, then joined Trinamool Congress and switched to AAP. In between he also extended support to Jannayak Janta Party and joined BJP earlier this year ahead of Lok Sabha polls.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

OpenAI is at the top with $14 bn, followed by Anthropic with $4.2 bn, and Databricks with $4 bn. As countries, the biggest investor in AI over the last 5 years is the US at $329 bn, with China at $133 bn, and Britain at $26 bn. What's alarming, however, is that power consumption for AI, estimated by Schneider Electric at 4.5 GW in 2023, is likely to go up to 14-18.7 GW by 2028. That's also attributable to a search on Google consuming 0.3 watt-hours (Wh), while a single ChatGPT query requires 2.9 Wh. Over a 1-year period, ChatGPT queries would roughly consume 10 TWh (terawatt hours), which can power all of New Zealand for 3 months. Another significant reason for the increase in AI power consumption is the new generation of GPUs (graphics processing units) being used. The CPU in a computer handles tasks for the software on the server to run, while a GPU helps perform repetitive tasks and concurrent calculations in parallel, very much faster.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Disruptive blockchain startup Locked.Money announced that it had raised over $1.1 million in seed and private rounds from within its community for its trustless digital asset management solution. Implementing cutting-edge trustless vaults to safeguard crypto investors’ digital assets, Locked.Money combines the benefits of custodial and noncustodial solutions, giving users full control of their assets while granting them access to sophisticated legal frameworks, unparalleled tax benefits, and best-in-class asset protection.

British financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall victim to scams via its social media platforms.

stock broking startup Upstox has bought back 5% of Ratan Tata's shareholding in the company. In a statement, the company said that Tata got a 23,000% return on his initial investment. Tata continues to hold 95% of his original stake in the company. Back in 2016, he had acquired a 1.33% stake in the Tiger Global-backed startup. According to data from Tracxn, after an equity round that Upstox undertook in September 2022, Tata was left with 0.9% stake in the company. This share buyback happened at a $3.5 billion valuation which the startup had achieved back in 2022.

principal auditors of listed companies in finalising financial statements under existing norms. The circular asks auditors to follow both the Standard on Auditing (SA) 600 and the Companies Act 2013 in letter and spirit, on top of other relevant norms, and act accordingly. It makes clear that any narrow interpretation by auditors of a provision to bypass their fiduciary duty to provide shareholders with a fair financial picture of the company would be unacceptable.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Microsoft plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on Wednesday. Microsoft said in a statement the investment would be the U.S. company's largest in Italy to date. It will make the cloud region ItalyNorth one of the biggest Microsoft data centres in Europe, working as a data hub also for the Mediterranean and north Africa. Microsoft Vice Chair and President Brad Smith met Prime Minister Giorgia Meloni in Rome on Wednesday, the PM's office said in a note, adding the government welcomed an investment that would strengthen Italy's digital role in the Mediterranean.