Digital Financial News

IT services firm HCLTech is looking to diversify risks and unlock new revenue streams, by expanding its presence in markets such as India, Africa and the Middle East. HCLTech outlined its growth strategies to more than 100 analysts who attended an ‘Investor Day 2024’ meet hosted by the company in Mumbai on Wednesday. The company also highlighted its strength in engineering, research & development (ER&D), and plans to leverage increasing semiconductor demand, expand market participation in focus areas and new frontier markets, and grow within its top current and potential clients, some of the analysts who attended the event said. “The company wants to tap high-potential regions and expand, amid the ongoing slowdown in the core American markets denting business over the past five-six quarters,” one of the analysts said on the condition of anonymity. “HCLTech spoke of improving the mix of verticals and geographies, gaining of market share, organic development of digital skills, its clients’ cloud migration activities and inorganic augmentation of capabilities.”

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...

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.

Telegram could face stricter EU digital rules as Brussels probes whether the popular messaging app — whose founder faces criminal charges in France — has more users in the bloc than claimed. The platform was thrust into the spotlight after its chief Pavel Durov was arrested in France on Saturday. He has since been released on bail but cannot leave the country. Durov is accused of failing to curb extremist and illegal content on the increasingly controversial platform, which has over 900 million followers.

The rapid growth of the digital asset market has helped a near-doubling in the number of crypto millionaires, according to a new report by Henley & Partners.

Blythe Masters, founding partner of Motive Partners, a private equity backer of FNZ, is set to step into Durham's shoes.  Masters brings over 30 years of industry experience with her and will be flanked by Roman Regelman, who has been appointed group president and brings experience as former CEO of securities services and digital at BNY.  abrdn-supported Virgin Money teams up with FNZ for digital investment platform launch «I am excited to be joining FNZ for this next phase in its growth journey, leveraging Durham's continued vision and strategic advice,» Masters noted.  «We wil...

Tech Mahindra on Thursday said it has inked a pact with UK-based engineering service provider Marshall Group to combine their digital solutions and engineering capabilities to spur advancements in aerospace and the defence industry. Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will also make use of Tech Mahindra's suite of data analytics and intelligent field support technologies to enhance its infrastructure solutions' operational efficiency and reliability. «Combining Tech Mahindra's global engineering and technology capabilities with Marshall's rich heritage and specialised knowledge, we are poised to create a powerful collaboration to drive innovation, deliver exceptional customer value, and enable the industry to scale at speed,» Narasimham R V, President, Engineering Services, Tech Mahindra, said.

The crypto world is buzzing with the launch of SunPaw $SPAW Token Presale on the Tron blockchain, signaling a fresh wave of innovation in the memecoin space. SunPaw is not just another memecoin; it’s a digital currency with a mission, harnessing the playful energy of memes to drive real-world change and foster a thriving community on one of the fastest-growing blockchains.

Jio AI-Cloud Welcome offer, which aligns with the company’s vision of "AI Everywhere For Everyone" through the use of Connected Intelligence. As part of this offer, Jio users will receive up to 100 GB of free cloud storage.

Bangalore's current startup ecosystem and Kota, the coaching hub for IIT JEE aspirants in 2005. He refers to this as the "ecosystem delusion," where an environment rich in resources and networking opportunities can sometimes create a false sense of achievement among its participants. He listed four reasons why a «Bengaluru today reminds him of Kota of 2005». In Kota, thousands of students flocked to the city, assuming that merely being in the same place as the top achievers, attending the same coaching classes, and having access to the best resources would guarantee their success. However, only a small fraction of them actually cleared the IIT JEE, while the majority fell into the trap of complacency—believing that proximity to success was the same as putting in the hard work required to achieve it. In his post, Deshpande referred to Kota as the «Mecca of IIT-JEE,» highlighting that it fosters a well-crafted environment for success. «Each year, one coaching institute alone produces around 4-5 top rankers with single digits. Students have access to exceptional teachers, the finest books, and an infrastructure designed to promote success—everything from mess facilities to photocopy shops and rental PGs,» he explained.

«The demand commentary that we hear from most of the companies is that things are stabilising. There are green shoots, especially in banking and BFSI generally is a lead indicator for the broad-based recovery in the sector,» says Abhishek Kumar, JM Financial Institutional Securities. Could you just give us a gist of what has actually been driving this kind of a rally that we are seeing in the IT Index because the EPS upgrades are not that much to support this kind of rally? Abhishek Kumar: You are right, earning upgrades have not come through yet but if we look at the last few quarters, there were earning downgrades consistently and that seems to have stopped, so that is kind of a first milestone in inflection. So, the worst seems to be behind the sector.

Data centres, often dubbed the "data factories of the world," are vital to the modern digital ecosystem. These seemingly modest facilities house the technology that stores, processes, and manages vast data. This storage enables the smooth operation of the technologies we depend on daily.

Reliance AGM 2024 Live Updates: Oil-to-telecom conglomerate Reliance Industries Ltd is set to conduct its 47th annual general meeting today. Reliance AGM 2024 date is set on August 29, 2024, and will begin at 2:00 PM today.

TV18 Broadcast and Network18 Media and Investments surged up to 13% to their respective day’s high of Rs 54.26 and Rs 106 on BSE after the Competition Commission of India (CCI) approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. The shares of TV18 Broadcast rose 13.2% while those of Network18 Media surged 10%.

Over the past decade, increases in computing power, ubiquitous connectivity and changes in consumer and channel dynamics, along with new competition, have seen digital technology transformations become CEO agenda items. Building a digital-ready company is a board-level imperative, but success has been elusive. In a BCG study of nearly 900 transformations globally, more than 80% of companies indicated that digital transformation is an urgent priority, but only about 30% of the efforts are successful.

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...

The recent arrest of Telegram founder and Chief Executive Officer Pavel Durov near Paris has sent shockwaves through the tech world. Elon Musk called on France to “free Pavel" to avert a threat to democracy; Paul Graham, the co-founder of leading Silicon Valley accelerator Y Combinator, suggested it would hurt the country’s chances of being “a major startup hub." Yet, while some are citing a French-led assault on free speech and innovation, the reality is more nuanced.

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Donald Trump is offering a piece of presidential history and is asking for less than $1,500 for pieces of the knockout suit he wore during the debate. Trump is giving his digital card collectors a prize by chopping up the suit he wore to the debate with Biden. Despite having switched to politics, Donald Trump is reminding his supporters of his background as a businessman with his most recent sale. The debate signalled the beginning of a string of unexpected events in the 2024 presidential election. The Republican contender for president announced to his fans that he was releasing a new deck of trading cards and that anyone who paid $1,500 for them would get to keep a piece of his suit. Fifty brand-new digital trading cards with images of Trump posing in superhero outfits and dancing are part of the collection. In some of the cards, he is also seen holding Bitcoins. Those who purchase one of his digital trading cards will receive benefits at various levels. If 15 digital cards are purchased, a physical card and a fragment of Trump's suit from his June debate with President Joe Biden will be mailed to the buyer. It's being referred to as the knock-out suit. Supporters will need to spend a total of $1,485 on digital trading cards, each costing $99 to obtain the actual card and a fragment of Trump's suit.

OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs) may be facing regulatory action from the U.S. Securities Exchange Commission (SEC).

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...