Digital Financial News

sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.

Mint delves deeper into the issue and what’s likely to come next. The telecom regulator sought comments from stakeholders on how to frame the terms and conditions to grant licences for services that fall under the new telecom law, which came into effect earlier this year.

IndiaP2P was founded in 2021 by Neha Juneja as a platform that focuses on empowering women entrepreneurs. With 96% of its borrowers being women leading SMEs, particularly in rural areas, IndiaP2P has grown through partnerships with organisations and microfinance institutions across regions like Nagaland, the southern states, and Maharashtra by providing essential capital to these entrepreneurs. In a chat with ETDigital, Juneja, the CEO and Co-founder of the platform, talks about what she wants to achieve, why IndiaP2P has placed a bet on women entrepreneurs and the role of the regulator in the fintech space. Edited excerpts. Economic Times (ET). When did you start IndiaP2P and what was the idea behind it? Neha Juneja (NJ): We started operations in 2022 with a core thesis that women and small business owners make for prudent borrowers. Investing in them is both profitable and purposeful, given the direct and second-order effects of enabling income expansion, especially for women. Building on this thesis, we now source loans predominantly from women businesses nationwide and curate them for retail lenders to lend to.

OpenAI on Tuesday announced a multi-year partnership with Conde Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup's products, including ChatGPT and SearchGPT prototype. Financial terms of the deal were not disclosed. OpenAI has signed similar deals with the Time magazine, Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media over the past few months.

Neville Tata, 32, has taken charge as head of Star Bazaar, signalling the rise of the next generation of Tatas. Star Bazaar is the hypermarket unit of Trent Ltd, which houses the Tata Group’s retail businesses. Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said. He was associated with the hypermarket business a few years back, then went overseas to study, sources said. Trent Ltd has identified its hypermarket business as the next growth driver. P Venkatesalu is the CEO of Trent Ltd.

Digital connectivity in India is set to get a major boost, with three large undersea cable projects — 2Africa Pearls, IndiaAsia-Express (IAX) and India-Europe-Express (IEX) — slated to go onstream between October and next March, expanding existing capacity by more than four times, said people familiar with the matter. 2Africa, among the longest subsea cable systems in the world, spanning over 45,000 km, has investments from Bharti Airtel and Meta, among others. It will have a capacity of 180 terabits per second (tbps), connecting 33 countries, including Sunil Mittal-led Airtel’s landing station in Mumbai. IAX and IEX involve contributions from Reliance Jio, among others. Boost for Data Centre Operators:

merchants due to a spike in cases of tax evasion, people aware of the development told ET. The Directorate General of Goods and Service Tax Intelligence (DGGI) is working closely with startups, payment aggregators and payment gateways to monitor if merchants are selling the right products with the right GST invoices, they said. “Tax evasion is very common among small merchants, where they would enlist as a seller of one product which attracts GST at a lower slab, but engage in selling other products which attract higher GST… The tax authorities intend to catch such merchants,” said Wriju Ray, cofounder of Idfy, a Mumbai-based identity verification startup that helps payment aggregators deal with identity frauds.

Macs between April and June on enterprise deals, Mint reported on 3 August. Overall PC sales in India rose 7% year-on-year to 3.39 million units during the period.

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...

comprehensive strategic partnership following talks between PM Narendra Modi and his Malaysian counterpart Anwar Ibrahim here. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in digital technologies. The bigger focus of the talks was to expand trade and investment and explore cooperation in new and emerging areas.

Predictions for the Bitnance (BTN) token presale have been released. Now being sold for $0.35 in its official ICO [initial coin offering], the crypto exchange listing day price is set to be $0.465. A +30% short term gain, the healthy amount is miniscule compared to a long-term prediction just released via a simple analysis, causing discussion on reddit.

ZUG, August 20, 2024 – In a groundbreaking move for the digital asset landscape, Partisia Blockchain proudly announces that its highly anticipated MPC token is now officially supported by Koala Wallet, the trailblazing mobile wallet solution. This strategic integration is set to revolutionize how users manage their digital assets, bringing a new level of accessibility and security to the crypto space.

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...

Cred to offer unsecured personal loans to Cred members who have high credit score and positive repayment history. L&T Finance (LTF) will be offering these loans with its co-lending partner Newtap Finance, a non bank finance company that specialises in digital lending and risk assessment. With this collaboration, Cred members will be able to avail credit within a few minutes. They will also have an option of flexible repayment tenure along with competitive interest rates

complaint against India’s second-largest software services firm Infosys to the ministry of labour and employment over delay in onboarding of freshers, NITES said in a statement on Tuesday. NITES is an organisation working for the welfare, and rights of IT, BPO and KPO professionals in India. “We have filed a formal complaint against Infosys Limited for the ongoing exploitation and unprofessional treatment of over 2,000 young engineering graduates who were selected for System Engineer (SE) and Digital Specialist Engineer (DSE) roles during the 2022-23 recruitment drive,” Harpreet Singh Saluja, president, NITES, said in a statement.

Infinity View Glass Roof. This single-pane, fixed glass roof is a first-of-its-kind in its segment, offering passengers an unobstructed view of the sky. Unlike conventional sunroofs, this one cannot be opened, providing a unique and seamless design element.The Windsor EV is expected to have several advanced features to enhance the driving experience.

big tech in the EU, the months ahead could prove a winter of discontent as the bloc wields a fortified new legal armoury to bring online titans to heel. Since August 2023, the world's biggest digital platforms have faced the toughest ever tech regulations in the European Union — which shows no sign of slowing down in enforcing them. Brussels scored its first major victory after forcing TikTok to permanently remove an «addictive» feature from a spinoff app in Europe in August, a year after content moderation rules under the bloc's Digital Services Act (DSA) started to apply.

Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Buyers appreciate the air fryer's performance, ease of use, and sleek design, but some have concerns about support, product condition, and value.Why choose this product?Choose this air fryer for its efficient cooking, user-friendly interface, and stylish design, though be mindful of mixed reviews on support and product quality.The Philips Digital Air Fryer HD9252/90 is a versatile kitchen appliance that allows you to cook tasty meals with up to 90% less fat. It features Rapid Air Technology and a unique starfish design for evenly cooked food.

India and Malaysia on Tuesday decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies. Ibrahim began his three-day visit to India on Monday night. It is his first visit to India as prime minister. The larger focus of the Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.

jobs that did not exist around 10 years ago. These days, there is a requirement for an engineer to produce driverless cars, an influencer to alter consumer behaviour and promote products, and a specialist to analyse sheets of data and extract valuable information. These are just some of the many new job responsibilities and career paths that have emerged, and many more will emerge soon. Here's a glimpse of some careers that were non-existent a decade back but are now hungry for fresh talent: 1) Content creator – With the growing popularity of social media platforms like Instagram, Twitter, Facebook and YouTube among consumers, many individuals are turning to content creation. Making short videos and posting them on social media was considered a hobby earlier. However, today this skill can help individuals fetch thousands to lakhs just on a single post, depending on their reach. Plus, with more and more brands employing digital strategies, there is a surge in demand for influencers and content creators to market their products and influence consumer behaviour. Content creators are a brand in themselves whose voices are highly valued by consumers.

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...