Digital Financial News

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...

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...

Popular crypto YouTuber Oscar Ramos has 1 billion Shiba Inu $SHIB tokens ($13,405 at today’s price), and by his estimate there is a small chance he can be a millionaire.

ISRO chairman S Somanath will launch a private-sector cybersecurity R&D centre near Bengaluru international airport. The lab is being built by global forensics-driven cyber security solutions company SISA. The project "Cyber Nalanda" is a step towards revolutionizing cybersecurity with the laying of the foundation stone for a state-of-the-art R&D center in India. «This initiative is more than just a technological investment; it’s a commitment to securing the future of digital space, globally,» the company said.

The firm's asset management division saw a 9% improvement in contribution. However, the Life and Wealth segments faced challenges, registering a 7% decline in operating profit. This decrease was attributed to lower contractual service margin amortisation rates and reduced returns on surplus assets. M&G is merging its Life and Wealth operations under a unified leadership, headed by Clive Bolton. The aim is to increase focus on serving the UK retail market and improve the efficiency of its offerings, the business outlined. M&G bucks industry trend with £1.5bn wholesale asset manageme...

India is leading in technology advancements for the first time, rather than just playing catch-up, said a top executive from American chip major Nvidia on Wednesday. «Why India now? What is it for India now? Will India really succeed? I strongly believe India will succeed. For the simple reason that, for the first time in technology advancements, we're not following; we're leading. We're not just creating; we're innovating on top of it. We are the cradle in which AI will be applied,» said Vishal Dhupar, managing director of Nvidia South Asia. He was speaking at the India Innovation Summit, the flagship national event of the Confederation of Indian Industry (CII), held annually in Bengaluru.

digital transactions are fairly seamless. Now, the Reserve Bank of India wants to expand the country’s unified payments interface, or UPI, to lending: The central bank’s governor has repeatedly promised that a “unified lending interface” will soon be rolled out. That carries great potential — and not a little risk. India’s model for financial interconnectedness is based around what it calls “digital public infrastructure.” The idea is simple: The government, or a closely regulated quasi-public entity, invests in, manages, and pays for the system through which digital transactions take place. Businesses can create apps that use this infrastructure; interoperability is built in, so those apps must compete on cost and quality rather than on the size of their network. Consumers can decide how much of their information they are willing to share with specific apps or for specific transactions, and theoretically the seller’s access to private data is neither permanent nor very deep. The Indian IT whizzes who designed the system insist it avoids the worst of the US model (which is fragmented, insecure, and expensive), European systems (which are overregulated, lecture to business, and stifle innovation) and the Chinese network (which does not privilege privacy or allow for accountability to civil society).

₹4,000 crore. Canada Pension Plan Investment Board (CPPIB), the other final bidder, too had submitted a binding bid for the deal run by JP Morgan. Cube Highways will now be given exclusivity to close the deal for the portfolio of five road assets totalling 230 km.

₹250-per-month micro-SIP, chairperson Madhabi Puri Buch said. It would add another rung in India’s financial inclusion ladder. Mint explains what micro-SIPs are and what the industry thinks of them.

IT companies have slashed their subcontracting costs — or, spending on high-cost temporary workforce — to multi-year lows, driven by increased focus on margins, cost optimisation, and enhancing internal capabilities. Over the past 12-18 months, as growth in the $250-billion software services industry slowed, players like Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra have been scaling back low-margin subcontracting, or the practice of employing temporary workers at high costs. Instead, they are focusing on upskilling existing employees, improving billable utilisation, and leveraging generative AI (GenAI) to meet the demands of increasingly complex projects, industry analysts said.

Tarun Tahiliani and Abu Jani, Sandeep Khosla to Sabyasachi and Rahul Mishra recorded a surge in sales of wedding and occasion wear in 2023-24, ranging between high double-digits and triple digits, bucking the overall trend of lacklustre demand as a sharpening focus on premiumisation added sheen to their labels. «Luxury is always recession-proof if you do it right,» fashion designer Sabyasachi Mukherjee told ET. «The good thing about being a good luxury brand is you almost create a monopoly. So, when everybody fails, you're the last man standing which probably reflects in the financials.» Joint Ventures

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Infosys on Tuesday issued more appointment letters to the remaining engineering graduates who are awaiting onboarding for the last two years. The move comes a day after the Bengaluru based IT major sent more than 1,000 appointment letters on Monday. People close to the development said that Infosys is seeing a better demand environment and the appointment letters will be sent gradually to everyone who is waiting to onboard by December of this year. They said that with Infosys revising its revenue guidance upward to 3-4% for the full year against its earlier guidance of 1-3%, the company now requires more headcount than earlier. Meanwhile, last week, Infosys’ chief executive, Salil Parekh, in an interview to PTI, said, “We changed some dates but beyond that everyone will join Infosys and there is no change in that approach.”

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...

loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as Axis Bank, Kotak Mahindra Bank, and Bandhan Bank. The sequential increase can be attributed to seasonal weakness in collections and higher delinquencies in the retail segment. For a sample of 29 banks, provisioning for non performing assets (NPAs) reached Rs 25,737.1 crore in the June 2024 quarter. On a sequential basis, these provisions rose by 11.3%, following an 18.3% increase in the previous quarter. The increase in provisioning in the June quarter was driven largely by the private sector banks, which posted a 38% sequential jump whereas the PSBs reported 2.9% drop in provisions.

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

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...

Vacationing abroad is fun, but things can go south quickly. What if you lose your luggage? Or worse, somebody mugs you? This happened to TV star Divyanka in July, when she and her husband travelled to Florence, Italy. Somebody broke into their car and stole their belongings including passports and ₹10 lakh in cash. The local police were of no help.

consumer devices on Tuesday with the introduction of Mygate Locks, a range of smart door locks to offer home security with digital convenience. The Mygate Locks will enable users to go keyless and manage home access remotely. It includes features such as remote unlocking using OTP, end-to-end data encryption, simple user management, real-time notifications, and integration with the existing app for gated communities. This entry into the consumer electronic segment, available to users across India, marks an expansion of its product offerings beyond its core software solutions.