Digital Financial News

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Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Digi Yatra Foundation CEO Suresh Khadakbhavi said on Tuesday. “We are planning an international pilot project in June 2025 between two countries. We don't want to overcommit. However, we are working in this direction.” Digi Yatra Foundation CEO Suresh Khadakbhavi said on the side lines of the CAPA Digital Aviation Summit. Currently, the Digi Yatra facility is available for domestic passengers at 24 airports across the country. “We will also work with the Bureau of Immigration and visa-issuing agencies for enabling this service for international visitors flying in and out of India,” he said.

e-commerce companies Flipkart and Amazon as they are engaging in predatory pricing and are burning cash to offer heavy discounts on products, traders' body CAIT and mainline mobile retailers' association AIMRA said on Tuesday. These practices, in turn, are creating a grey market of mobile phones, causing losses to the exchequer «as players in the grey market evade taxes», they said. Confederation of All India Traders (CAIT), in collaboration with the All India Mobile Retailers' Association (AIMRA), placed the demands in a white paper on the impact of e-commerce giants Amazon and Flipkart on India's retail ecosystem. AIMRA demanded suspension of operations of Chinese mobile phone companies OnePlus, iQOO, and Poco for allegedly colluding with e-commerce players.

Comptroller and Auditor General of India (CAG) Girish Chandra Murmu on Tuesday called for further bolstering local bodies, arguing that all-round development at the grass-root levels is a prerequisite for turning India into a developed India by 2047. “More than 50% people live in rural areas, and until their governance, their development, their administration, their resources are not augmented, we will not be able to reach (Viksit Bharat goal),” Murmu said. Murmu inaugurated the ICAI’s local governance synergy conclave here, aimed at strengthening government accounting at the municipal levels.

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Maruti Suzuki India on Tuesday reported a 2 per cent year-on-year increase in total sales at 1,84,727 units in September. The company had sold 1,81,343 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,44,962 units as compared to 1,50,812 units in the year-ago month, a decline of 4 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, grew to 10,363 units as against 10,351 units in September 2023.

regulatory norms for MedTech and pharma sectors and sought industry inputs for the same, Niti Aayog member (Health) VK Paul said on Tuesday. Speaking at an Assocham event here, he said that with changing times the regulatory framework also needs to be worked upon. «Under the ages of principal scientific adviser to the Government of India, regulatory improvements for medical technology and pharma are under active consideration,» Paul said. He sought industry participation in making the system better.

CIL's coal production dropped marginally by 1 per cent to 50.9 million tonnes (MT) in September. The coal behemoth, which accounts for over 80 per cent of the domestic coal output, produced 51.4 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE. However, the PSU's coal output in the April-September period of the current fiscal year increased 2.5 per cent to 341.5 MT, over 332.9 MT in the year-ago period.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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

NCLAT) has upheld the tribunal’s order to approve the SKS Power Generation (Chattisgarh) Ltd’s acquisition by BSE-listed Sarda Energy & Minerals Ltd (SEML). The unsuccessful bidders of SKS Power Generation (Chattisgarh) including Torrent Power Ltd, Jindal Power Ltd and Vantage Point Asset Management Pte. had approached the appellate tribunal to challenge the lower tribunal’s order. “We do not find that any sufficient grounds have been made out within the meaning of Section 61(3)(ii) of the IBC to interfere with the decision of the adjudicating authority (NCLT) approving the resolution plan of Sarda, in these appeals filed by unsuccessful resolution applicant,” observed the bench preceded by Justice Ashok Bhushan and technical members Barun Mitra and Arun Baroka.

In its half-year results to 30 June published on Monday (30 September), DGI9 reported net assets of £403m, down from £686m at the end of 2023.  This represents a 41% decline in NAV over the six-month period, equating to a 41% NAV per share reduction from 79.33p to 46.59p, slightly above the provisional NAV of 45p flagged in an update on 6 September.  The trust attributed the write-down to a reduction in long-term financial forecasts for portfolio companies, £16m in interest expenses, and £6m in professional fees linked to the sale of Verne Global, on top of the £15m incurred in FY23 r...

London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.

Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years

bilateral meeting with Jamaican counterpart Andrew Holness in New Delhi. The bilateral meeting was followed by delegation-level talks between the two leaders. Visiting Prime Minister of Jamaica met PM Modi at Hyderabad House here in the national capital earlier today.

dry days coincide with major national holidays and religious festivals, following an official order issued by Excise Department Commissioner Ravi Jha.

JSW MG Motor India on Tuesday reported an 8 per cent year-on-year decline in retail sales at 4,588 units in September. The automaker had sold 5,003 units in the same month last year. The new energy vehicles (NEVs) continue to contribute significantly to the total sales of the company, accounting for 49 per cent of the sales last month, JSW MG Motor India said in a statement. The company said it will be moving to the Vaahan Portal from October 2024.

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

SME segment is responsible for nearly one-third of the country’s manufacturing output. With advancement in technology, more and more small businesses are adapting to the latest technology, including AI. The Indian mid-market businesses are prioritising the implementation of generative artificial intelligence (Gen AI) at a moderate or strong priority at 96%, ahead of the rest of the world at 91%, says Rajeev Singh, Vice President & Head of Mid-Markets, SAP Indian Subcontinent, citing a SAP survey released in September. Singh also believes there is an immense potential in the segment in terms of technology adoption. In an interaction with ET Digital, Singh says that many SMEs are still evaluating how they can make business outcomes out of AI. Edited excerpts:

The announcement comes amid a wave of investments by global tech firms in Malaysia over the past year, as they seek to build critical infrastructure to cater to growing demand for their cloud and AI services. Anwar said Malaysia's national cloud policy will focus on four core areas, namely public service innovation and efficiency, economic competitiveness and growth, strengthening user trust and data security, and empowering citizens through digital inclusivity.