Digital Financial News
16.09 / 09:50
markets
Digital
Booking
Experts
RAI
reports
BJP's fact-finding committee visits Nelamangala violence site , criticises Congress for 'appeasement politics'
fact-finding committee led by CN Ashwath Narayan visited the site of the violence along with BJP leaders and officials. He did not mince words in condemning the Congress government and accused it of its failure to maintain law and order. Narayan, the Chairman of the fact-finding committee, blamed the Congress government for what he described as 'appeasement politics.' Speaking about the incident, he said, «The Congress government has failed to maintain law and order. It is always engaging in appeasement politics. They are not clear, they are divisive, and they aim to divide society along communal lines for vote bank politics. These kinds of incidents keep happening repeatedly.»
16.09 / 08:49
markets
COST
Digital
President
RAI
Election-going states shall defeat BJP, reject 'Modi-induced price rise': Mallikarjun Kharge
Congress president Mallikarjun Kharge on Monday accused the Centre of carrying out a «fuel loot» despite a reduction in crude oil prices and said election-going states shall defeat BJP by rejecting the "Modi-induced price rise". Kharge said crude oil prices have reduced by 32.5 per cent, yet BJP's "fuel loot continues". «Election-going states shall defeat BJP & reject this Modi-induced price rise!» Kharge said in a post in X.
16.09 / 07:17
markets
UPS
Digital
RAI
reports
Why are petrol prices not decreasing, asks TMC's Derek O'Brien
Trinamool Congress leader Derek O'Brien on Monday questioned why petrol prices in India are not decreasing despite a decline in global crude oil prices. In a post on X, the Rajya Sabha MP said the crude oil prices have come down by around 24 per cent in last ten years, but petrol price in India has gone up by 30 per cent. In August 2014, crude oil was priced USD 102 per barrel and petrol price was Rs 73, while in August 2024, crude oil is at USD 78 per barrel, and yet petrol price is Rs 95, he said. «Why are petrol prices in India not decreasing despite a decline in global crude oil prices?» wrote O'Brien, TMC's parliamentary party leader in the Rajya Sabha.
16.09 / 07:06
markets
UPS
Digital
Manufacturing
performer
reports
Department
These three growth stocks fell up to 30% before recovering. What can you learn?
Subscribe to enjoy similar stories. Have you ever experienced a fall of more than 30% in one of your portfolio stocks within a few days? The prices of many stocks do not return to the level from which they started to fall for months or even years. However, some stocks do recover quickly, returning to the levels from where they started to fall and maybe even exceeding those if the company is fundamentally strong.
16.09 / 06:42
Provident
Digital
Platform
coinbase
awards
SPY
Features
Why SpacePay (SPY) Could Be the Next 10X Crypto in 2024
In the cryptocurrency world, novel projects are launched daily. One noteworthy initiative is SpacePay, a financial company with headquarters in London that aims to streamline cryptocurrency transactions.
16.09 / 06:39
Blockchain
BLOCK
Digital
security
economy
Sony
stage
Circle Partners with Sony Block Solutions Labs to Launch USDC on Soneium
Stablecoin issuer Circle has partnered with Sony Block Solutions to make USDC a primary transaction token on the Soneium blockchain.
16.09 / 01:42
markets
Digital
security
Experts
RAI
rights
Loan against shares: How it works, eligibility, documents needed
loan against shares (LAS) is a way to access liquidity without selling valuable shares. This enables investors to leverage their equity portfolio to meet immediate financial needs, such as business expansion or personal expenses. How LAS works Under LAS, investors may pledge their shares as collateral to secure a loan. Banks and non-banking financial companies (NBFCs) offer this service, with the loan amount usually capped at 50% of the market value of the pledged shares. The borrower can continue to retain ownership of the shares, enjoy dividends and voting rights. However, the shares are held in a demat account, with a pledge marked in favour of the lender until the loan is repaid. The loan can be structured as a lump sum or an overdraft facility, giving flexibility to the borrower. Eligibility
16.09 / 01:38
markets
COST
Digital
Booking
innovations
Canara Bank stocks gave 44.4% returns last year; should invest in Canara Bank now? Know what analysts say
The bank has a pan-India presence across urban and rural areas and has 9,623 branches. It is a beneficiary of the banking sector’s long-term structural strengths. Rising incomes, buoyant economic growth prospects, significant under-penetration of credit, rebound in loan demand from retail, MSME and corporate segments, increasing digital adoption and product innovation are some of the factors that will continue to enhance the demand for banking and financial services.
16.09 / 00:19
COST
Citi
Digital
BBC
reports
Features
New Crypto Mining Hub? Russian Region to Build 15 New Data Centers
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...
15.09 / 22:28
markets
Digital
RAI
show
shock
chess
Indian men crush Azerbaijan, women smell victory against Kazakhstan
D Gukesh and Arjun Erigaise, the Indian men scored the necessary 2.5 points out of possible three against Azerbaijan in the fifth round of the 45th Chess Olympiad here on Sunday. It seems like Gukesh and Arjun can do nothing wrong in this Olympiad as they overpowered Aydin Sulemanli and Rauf Mamedov respectively with their white pieces in quick time. Praggnanandhaa played another draw on board two but that only ensured an Indian victory irrespective of the result of Vidit Gujrathi who was playing against Shakhriyar Mamedyarov. After scoring the fifth victory on the trot, the Indian men maintained a clean slate on ten points and they were joined by Vietnam who continued with their impressive show and downed Poland 2.5-1.5.
15.09 / 22:03
markets
Digital
Experts
RAI
reports
recommendations
As NCR authorities crack down, the seizure of properties looms for non-compliant builders
amnesty scheme to clear their dues to the authorities. Following the recommendations of the Amitabh Kant committee, the development authorities in the National Capital Region had given developers until August 31 to clear 25% of their outstanding dues and make payments towards additional farmer compensation, with certain benefits offered. Recently, the Noida authority sealed the unsold land of the Omaxe Group, as the company had outstanding dues of ₹457 crore.
15.09 / 21:14
markets
FIVE
Digital
President
RAI
boating
At least 40 people go missing after boat capsizes in Nigeria, authorities say
Nigeria, said President Bola Tinubu on Sunday. The accident happened in Zamfara state, as farmers were trying to get to their land, said Tinubu in a statement. The president promised support for the victims and directed emergency agencies to assess the incident. Yazid Abubakar, a police spokesperson in Zamfara, told The Associated Press the accident happened on Saturday and that five people were rescued, but 40 are still missing. It was not immediately clear how many people were on the boat when it went down.
15.09 / 18:58
markets
Digital
Waters
ICE
RAI
composer
Can Jupiter's moon support life? NASA to launch mission in less than a month to uncover Europa's secrets
NASA) is preparing to launch a new mission aimed at determining whether one of Jupiter's moons, Europa, can support life. The mission, known as Europa Clipper, is scheduled to launch on October 10. «In less than a month, the journey begins. @EuropaClipper is a mission crafted with one overarching goal: to determine if Jupiter’s icy moon, Europa, has conditions suitable for life. #EuropaClipper’s launch window opens on Oct. 10,» NASA announced in a tweet. According to NASA, Europa, one of Jupiter’s moons, may have the essential ingredients to support life and is believed to be as old as Earth. The Europa Clipper spacecraft will conduct a thorough exploration of Europa, focusing on whether its subsurface ocean has the potential to support life.
15.09 / 18:14
UPS
Digital
Progressive
Platform
Trade
Experts
Bitcoin
Experts Warn Slow Regulatory Moves May Stifle Crypto Growth in Hong Kong
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...
15.09 / 18:12
markets
Provident
Digital
RAI
social
hospital
Government to converge ESIC with Ayushman Bharat: Mansukha Mandaviya
Labour and employment minister Mansukh Mandaviya on Sunday said government is planning to converge the Employees' State Insurance Corporation (ESIC) with Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide efficient treatment to ESIC beneficiaries. «Under this policy, ESIC beneficiaries will have access to quality medical facilities in more than 30,000 hospitals empanelled with AB-PMJAY,» Mandaviya said while chairing the third regional meeting with western dozen states in Rajkot on Sunday. «This will eliminate distinctions with respect to access to services offered by government, public sector and private hospitals, allowing the beneficiaries to efficiently receive treatment in any empanelled hospital,” he added.
15.09 / 17:52
Digital
security
film
show
Courts
rights
Rising vigilance from producers to combat digital piracy and merchandise theft
Subscribe to enjoy similar stories. New Delhi: Filmmakers and content creators behind popular film and television shows are stepping up efforts to protect their intellectual property rights (IPR). These include unauthorised use of the title’s logo, dialogues and mannerisms of characters, and other critical elements.
15.09 / 17:52
markets
Provident
Digital
Platform
Gap
RAI
Features
Piyush Goyal to launch Bharat Startup Knowledge Access Registry on September 16
Piyush Goyal will on Monday launch the Bharat Startup Knowledge Access Registry (BHASKAR) initiative which will serve as a central hub where startups, investors, service providers, and government bodies can come together to collaborate, exchange ideas, and accelerate growth. According to an official statement, it will also enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies. The primary goal of BHASKAR is to build the world's largest digital registry for stakeholders within the startup ecosystem. To achieve this, the platform will offer several key features such as networking and collaboration. providing centralized access to resources, creating personalized identification, enhancing discoverability, and supporting India's global brand.
15.09 / 15:15
markets
Digital
Sustainability
PwC
innovations
reports
International
90% of financial institutions focusing on AI, GenAI for innovation: PwC India report
financial institutions are focusing on artificial intelligence (AI) and GenAI (Generative Artificial Intelligence) as the primary technology enablers of innovation, according to a PwC India report. As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74% responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector. It said that 31 financial institutions consisting of banks, insurance firms and fintechs participated in the survey. «Artificial Intelligence (AI) and GenAI (Generative Artificial Intelligence) emerged as the focus area for innovation for Indian financial institutions, with 90% of the respondents citing them as the primary technology enablers of innovation,» it said.
15.09 / 15:15
markets
UPS
Digital
wellness
Experts
RAI
MoS Finance likely to be convenor of GoM on GST compensation cess
Group of Ministers on reworking the nomenclature for GST compensation cess is likely to be convened by Union Minister of State for Finance Pankaj Chaudhary and include members from states, an official has said. The official further said the Terms of Reference (ToR) and the members of the GoM are in the process of getting finalised. «The GoM will have to suggest how the cess collected on demerit and luxury goods will be apportioned between Centre and states and suggest the legal changes that would be required to enforce the change,» the official said. The members of the Group of Ministers (GoM) on GST compensation cess are in the process of being decided. But, since the issue is with regard to cess, which is collected by the Centre, and its apportionment, the GoM would have a member from the Centre as well, the official explained.
15.09 / 14:33
markets
UPS
Digital
Citizens
RAI
reports
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar Pradesh, Rajasthan, West Bengal, Karnataka, Kerala, Andhra Pradesh, Goa, Gujarat, Meghalaya, Punjab, Tamil Nadu and Telangana. The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance. A final call by the Council on the taxation of insurance premiums is likely to be taken in the next meeting in November based on the GoM report. Currently, 18 per cent of Goods and Services Tax (GST) is levied on insurance premiums.
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