Digital Financial News

eyewear retailer Lenskart bagged the prize for Startup of the Year 2024 surging ahead of competition on the back of strong revenue growth and for crafting a new business model in a primarily unorganised sector. The ten-member jury chose Lenskart, which is currently valued at $ 5 billion, over publicly listed general insurer Go Digit in a keenly contested round where the relative merits of both companies were discussed in detail.

border talks with China, External Affairs Minister S Jaishankar said that 75 per cent of disengagement problems with Beijing are sorted out; however, the two nations «still have some things to do.» Jaishankar also underlined how India and China never had an easy relationship in the past. «We did not have an easy relationship in the past. What happened in 2020 was in violation of multiple agreements, the Chinese moved a large number of troops to the Line of Actual Control. We, in response, moved our troops up… Some progress on border talks with China. 75 per cent of disengagement problems are sorted out. We still have some things to do,» Jaishankar said during his conversation with Ambassador Jean-David Levitte at the Geneva Centre for Security Policy on Thursday.

partial lunar eclipse will occur on September 17, during the Harvest Full Moon. This event will offer a glimpse into the start of eclipse season and precede the annular solar eclipse on October 2.

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...

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...

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

List of the best air fryers in India

RBI Deputy Governor M Rajeshwar Rao on Thursday asked the National Bank for Financing Infrastructure and Development (NaBFID) to develop a sustainable business model not dependent on government support. Speaking at a NaBFID event here, Rao said such a self-sustainable model has to evolve over the medium term, which also doesn't depend on regulatory dispensations as well. «It is also necessary that over the medium-term, plans for self-sustainable operations, under a business model that is not reliant on continuous government support, or regulatory dispensations would need to be in place,» Rao said, addressing a conference on infrastructure. He added that the dynamic nature of our times necessitates «agile strategies for institutions with a focus on sectors prioritised by the government».

Realty developer Puravankara has secured the right to redevelop a housing society spread over half an acre in South Mumbai’s Breach Candy locality marking its foray into the country’s super-luxury property market. Residential property rates in the vicinity currently are in the range of Rs 1.25 lakh to rs 1.40 lakh sq ft per sq ft. «Our entry into South Mumbai with the redevelopment of Miami Apartments at Breach Candy marks a significant milestone for Puravankara…We are excited to bring our expertise to South Mumbai and redefine the standards of luxury living in this prestigious neighbourhood, while strengthening our presence in other markets,” said Ashish Puravankara, MD, Puravankara.

Darkex Exchange Officially Launches: Revolutionizing Crypto Trading with Unmatched Security, Innovation, and Institutional Services

PM E-DRIVE Scheme to be rolled out soon, Union Heavy Industries Minister HD Kumaraswamy said on Thursday. Addressing a media briefing, Kumaraswamy said the subsidy under the PM E-DRIVE Scheme for electric two-wheelers has been fixed based on battery power at Rs 5,000 per kilowatt hour but the overall incentive will not exceed Rs 10,000 in the first year. In the second year, it will be halved by Rs 2,500 per kilowatt hour, and the overall benefit will not exceed Rs 5,000. Addressing the media, Kumaraswamy said e-rickshaw buyers can avail of subsidy benefits of Rs 25,000 in the first year and Rs 12,500 in the second year of the PM E-DRIVE scheme.

eviction drive. The deceased have been identified as Haider Ali and Juwahid Ali. They succumbed to injuries from police firing at Sonapur District Hospital. Revenue Circle Officer Nitul Khatoniar and four police officers, including a female constable were injured. Clashes broke out when police, along with district administration officials, attempted to evict alleged illegal settlers from a 100-bigha plot of land in the area. Over 150 people reside in the area.

With the rapid rise of cryptocurrency and the popularity of blockchain technology, more and more people are exploring new ways to achieve financial freedom and economic independence. Among them, cloud mining, as a new type of investment with low threshold and high returns, is gradually being recognized by investors. Cloud mining not only eliminates the tedious steps of purchasing, operating and maintaining traditional mining machines, but also allows participants to share mining pool resources through the Internet and easily earn huge profits. For those who want to earn passive income in the digital economy, NFTCOLO cloud mining is undoubtedly an excellent opportunity.

Community-backed Force of Good Foundation (FoG) behind Universal Health Token (UHT) announced that it had raised $1.2 million in a pre-seed investment round with participation from prominent investors including Animoca Brands, Polygon Ventures, KGeN and Tezos Foundation. Bringing together the technology and healthcare industries to revolutionize our approach to health and wellness, UHT is designed to guide individuals toward a healthier life through a range of incentives and benefits including exclusive NFTs, event access, and discounted health products. Current UHT partners include Animoca Brands, KGeN, and GOQii.

New India Insurance, HDFC Ergo General Insurance, and National Insurance reported growth deceleration. Total industry premiums stood at Rs 22,880 crore, compared to Rs 21,883 crore in August 2023. August saw a dip in auto sales, with passenger vehicle sales falling 4.5% year-on-year during the month, according to data released by the Federation of Automobile Dealers Association. Standalone health insurance companies, on the other hand, reported a robust 24.5% growth, driven by Niva Bupa Health Insurance, which is gearing up for its IPO. The health insurer saw premiums soar by 39% to Rs 596 crore from Rs 429 crore.

Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United States, mentioned CBRE. Domestic firms saw a substantial 60% increase in office space absorption in the last two years, compared to the pre-pandemic years of 2018-2019. These firms have accounted for nearly 47% of overall office leasing activity in the last decade, with Delhi-NCR leading the way, followed by Bengaluru and Mumbai. According to the report, cities like Bengaluru and Hyderabad saw increased occupancy by e-commerce and life sciences firms, respectively, reflecting their strong growth trajectories. Further, Mumbai emerged prominently with a 43% share of domestic BFSI leasing, bolstered by substantial contributions from Delhi-NCR and Chennai during 2018 – H1 2024.

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...

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...

NaBFID) plans to raise 530 billion rupees ($6.31 billion) from the debt market this fiscal year, its top executive told Reuters on Thursday. The bank has already raised 90 billion rupees and the rest will be raised depending on the infrastructure lender's disbursement pattern, said Rajkiran Rai, NaBFID's managing director. NaBFID has already sanctioned 200 billion rupees of its target of 1 trillion rupees for the 12 months through March 2025, Rai said.

Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday. When asked on whether the deal will go through by the end of this fiscal, the source, who is not authorised to speak to the media, said the deal itself is in a quandary. As per the source, the talks on any deal «are not going anywhere» because of all the bidders' push on the 51 per cent stake. The source explained that the RBI is uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank.