Digital Financial News

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.

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

ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years. This will nearly triple the Singapore-headquartered data centre company’s IT load capacity to meet the demands of India's thriving digital economy, it said in a statement. STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.

Ashwini Vaishnaw met Japan's Minister for Digital Transformation Taro Kono and discussed avenues to strengthen digital ties between the two countries. In a post on X (formerly Twitter), Vaishnaw — is the Minister for IT, Information and Broadcasting (I&B), and Railways — said the discussions focused on exploring avenues for collaboration and innovation in the digital landscape, particularly on futuristic technological advancements. «Met with H.E. Mr. Taro Kono, Minister for Digital Transformation of Japan, to discuss strengthening India-Japan digital ties. Explored avenues for collaboration and innovation in the digital landscape, focusing on futuristic technological advancements,» Vaishnaw wrote in the post as he held a series of high-level meetings in Japan.

In a stock exchange notice today (6 September), the board estimated a provisional unaudited NAV of about 45p per share as of 30 June, reflecting a 40.3% haircut from the 79.3p audited NAV per share as of 31 December. A «major part» of the NAV write-down is due to revised assumptions about financing availability for portfolio companies and its effect on their growth prospects in the valuation models, compared to the inputs used for the 2023 year-end NAV, the directors noted. The valuation process is yet to be completed, the board said, which may result in further changes. DGI9's interi...

Shaktikanta Das has emphasized the importance of addressing the 'last mile' in disinflation, a critical step in reducing inflation further. Speaking at a conference organized by FICCI and IBA, Das noted that while progress has been made, the central bank must successfully navigate this final stretch to uphold the credibility of India's monetary policy framework. Das's comments are interpreted as a signal that the RBI might maintain its current interest rates longer than anticipated before considering a shift in its monetary policy stance. In earlier remarks, he had highlighted the challenges of managing inflation, particularly due to persistent food price hikes. He likened inflation to an «elephant in the room,» explaining that although the elephant had left for a walk, the RBI's goal was to ensure it returned to the forest permanently. Also Read: Lower Q1 GDP numbers a blip, no letup in growth, says RBI Governor Shaktikanta Das

personal happiness, one Bengaluru man has taken a bold step towards reclaiming his life. Parantap Chowdhury, a 32-year-old former Assistant Vice President at Square Yards, decided that earning Rs 54 lakh a year wasn’t enough if it meant sacrificing his health, relationships, and peace of mind. So, he quit. After spending seven years working grueling hours at startups like BYJU’s and Square Yards, Chowdhury came to a powerful realization: he was living to work, not working to live. His impressive corporate job had him managing a sales team of over 250 people and training more than 5,000 sales executives. But the demands were steep—often consuming more than 70 hours a week, leaving no room for personal growth, relaxation, or time with family. Six months ago, he decided to hit pause on this relentless race. «I quit the race to have a life, spend time with the people I love, and build a business that is remote, digital, and profitable,» Chowdhury revealed in a LinkedIn post that resonated with many. While he could have continued to earn nearly Rs 10 lakh every three months, the toll on his personal life simply wasn’t worth it.

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...

financial services sector, with banks playing a pivotal role, a report released by Boston Consulting Group (BCG) in association with FICCI and Indian Banks’ Association has said. The report titled “Banking for a Viksit Bharat” says that since India, is a predominantly bank-led economy, it will require the banking sector to play an anchor role while the other financial asset classes continue to grow much faster. This will require $4 trillion of capital base in banks, one-third of which will have to be fresh capital deployment, the report said. India's banking system is in a strong position today – characterized by high profitability, robust capital adequacy, and low levels of non-performing assets (NPAs).

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FMCG sector. Britannia is reportedly in talks to acquire Guwahati-based snacks maker Kishlay Foods. Last year, ITC acquired healthy snacks brand Yoga Bar and there have been reports of some of the leading FMCG players considering buyouts of some snack companies.

technologies such as artificial intelligence (AI), generative AI (GenAI), cloud, internet of things (IOT), extended reality, 5G and Edge computing, after a lull during the Covid-19 pandemic, said industry executives and experts. They said the industrial metaverse--which refers to the digital world that mirrors the physical world, leveraging the technologies--has found the right price points to generate good returns on investment (RoI) with supporting technologies scaling up. “Industrial metaverse has gone through its waves,” said Sreenivasa Chakravarti, vice president, IOT and digital engineering, TCS. “As always (with any new technology), there is a hype when it peaks, and then it slows down and then again it picks up. Today, because the industrial metaverse is in some way a combination of computer vision, extended reality and digital twins, fortunately, all of these are maturing to a really good extent.”

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...

As billionaire Elon Musk’s clash with a Brazilian Supreme Court justice came to a head last week, there were legal twists, insults, ultimatums, defiance and then, finally, capitulation

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Reasons to buyReasons to avoidThe TUSA Cordless Tyre Inflator is a multipurpose inflator that offers quick and efficient inflation for a variety of tires. With a cordless design and easy operation, this inflator is a convenient solution for all your inflation needs.Reasons to buyReasons to avoidAlso Read: Best tyre inflator brands for 2024: Opt for labels that provide reliable performance, top 9 optionsThe AGARO Cordless Inflator Compressor is a rechargeable and easy-to-use inflator that offers efficient inflation for all types of tires.

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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...