Digital Financial News

global coffee prices are rising, India’s coffee industry has an opportunity to innovate and diversify its offerings, says Vinay Nair, General Manager, India & Emerging International, Costa Coffee. Despite the ongoing price fluctuations, the enthusiasm for coffee, especially among younger generations, ensures that demand remains robust, he says. In an interaction with ET Digital, Nair recognises the need to address climate change. He says the company is involved in sustainable farming practices and responsible sourcing, which helps it support biodiversity and enhance the livelihood of coffee-growing communities. Edited excerpts: The Economic Times (ET): With coffee prices going up globally, how do you think this will impact the coffee industry in India? Vinay Nair (VN): Rising global coffee prices present both challenges and opportunities for the industry. India's coffee industry is thriving and is highly respected worldwide, but we do not have control over global pricing dynamics. However, we have observed that despite the fluctuations, the growing enthusiasm for coffee, especially among younger generations, ensures that demand remains robust. At Costa Coffee, this shift provides an exciting opportunity for us to innovate and diversify our offerings. We are enhancing our partnerships with local farmers and focusing on cost-effective, environmentally friendly sourcing methods.

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...

Kerala General Education Department has added 'Fact-Checking' modules as part of new ICT textbooks for Classes 5 and 7, designed to help students recognize fake news and perform fact-checking on online platforms. The move by the Kerala government was implement even ahead of UK which reportedly is is planning to revise their primary curriculum by including this topic. Earlier in 2022, Kerala Infrastructure and Technology for Education (KITE), the technology arm of Kerala General Education Department, had imparted Fake News prevention and awareness creation training for 19.72 lakh students of Grades 5 to 10, as part of the Digital Media Literacy programme.

On 21 July, I visited the Bank of England Museum in London. It was an interesting and an engaging experience. Nonetheless, I was left wanting more, simply because I thought the museum would be more about the history of money than about who did what at the Bank of England since its establishment in 1694.

A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted about $13 million in assets to gambling and personal accounts.

Trust & Will, one of the leading digital estate planning platforms in the US, has unveiled a new subscription pricing model to help more financial advisors access its services.

Zendaya and Robert Pattinson are set to join forces for an exciting new project titled The Drama. The film, which is produced by the acclaimed studio A24 and directed by Kristoffer Borgli, known for Dream Scenario, promises to deliver a captivating narrative.

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...

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...

Consumer goods companies such as Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are amping up their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness, underscoring the growing role of influencers in purchasing decisions of consumers. In their FY24 annual reports, these companies highlighted the rising role of influencers in the overall marketing mix as consumers are spending more time on short-form snackable content on platforms like Instagram and YouTube. This scenario has led companies to engage with macro, micro, and nano influencers for driving brand visibility. A recent EY report predicted that India's influencer marketing industry will reach ₹3,375 crore by 2026, from ₹2,344 crore in 2024, largely due to the growing use of social media influencers for sales and brand engagement.

On July 31st, 2024, Tokyo became the epicenter of crypto innovation as it hosted PlasmaCon, an event that brought together luminaries from the world of blockchain technology. Organized by INTMAX, the one-day conference centered around Plasma tech, exploring its potential as a scaling solution for Ethereum and delving into topics like privacy, statelessness, and the future of blockchain.

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...

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...

The gaming industry has evolved significantly since the debut of Atari’s Arcade game, Pong, in the 1970s. Today, there are over 3.2 billion active gamers in the world, most of whom game at the comfort of their homes.

Bitcoin miner Marathon Digital Holdings, Inc. (MARA) is raising $250 million via a debt offering to buy more bitcoin, as the company appears to be following the MicroStrategy (MSTR) playbook.

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...

Youth Affairs and Sports Minister Mansukh Mandaviya on Monday urged youth to work with commitment and dedication to become successful and make India a developed nation by 2047. Addressing the «Impact With Youth Conclave 2024» here on International Youth Day, the minister said the 'Mera Yuva Bharat — 'MY Bharat' portal launched by the Centre will become a single window platform for the youth. This year's International Youth Day, themed 'From Clicks to Progress: Youth Digital Pathways for Sustainable Development,' emphasises the importance of digitalisation and the pivotal role young people play in this transformation. «This is a country with a population of 140 crore. It is our collective responsibility to make India a developed nation. In such a situation, youth have a special responsibility,» Mandaviya said.

Hy-Vee, Inc., a retail grocery company headquartered in west Des Moines, Iowa, has relocated to a new office location spread over 54,000 sqft in Bengaluru, further enhancing its footprint in India. Hy-Vee's move to a new space is part of its plan to leverage India's talent pool for a wide range of technical and non-technical roles, allowing the company to work on projects on a 24/7 basis. The new facility, situated in Karle Tech Park on the Outer Ring Road, under a 10-year lease, aims to drive innovation and enhance operational efficiency. «We are excited to see the HST Global team's growth over the last year and a half and look forward to this new space supporting them as they continue to help move Hy-Vee forward as a retail leader,” said Travis Hoover, Chief Data Officer at HyVee.

Collective intelligence is becoming a catchphrase meant to capture the essence of the knowledge economy, where multitudes of people collaborate on difficult challenges, with each bringing something different to the table. The result is continuous experimentation and innovation, leading to great discoveries. And with the proliferation of artificial intelligence, the participants in this process may not even be human.

Jayatri Dasgupta, Program Director, Digital Naari, PayNearby. It is paramount that the country ensure there are women influencers in small towns and villages to bring awareness, technology, financial access and gender equality to the grassroots. This is necessary to realise true inclusivity, Dasgupta says. Digital financial services provider PayNearby launched a women skilling and livelihood programme, Digital Naari, in February to give the women a self-sustainable earning opportunity. “In line with the government’s Lakhpati Didi programme, we want to enable livelihood for at least 1 million women and upgrade them into ‘Lakhpati Didis’ in the next 5 years by making them the preferred banking and digital point in their areas,” Dasgupta says.

₹10,461 crore, the price-to-earnings multiple works out to 20x for FY25, while the same for peers is over 80x plus. To be sure, the price-to-earnings multiple is not the most preferred valuation metric for life insurance companies. That’s because the expenses in the life insurance business are recognized upfront, depressing the profits in the initial years.