Digital Financial News

Rural-focused fintech startup Jai Kisan has obtained a non-banking finance company (NBFC) licence following its acquisition of a majority stake in Kushal Finnovation Capital, an NBFC specialising in supply chain financing. Arjun Ahluwalia, cofounder and chief executive officer of Jai Kisan is a non-executive director of Kushal Finnovation Capital. With this new NBFC licence, Jai Kisan can now offer customised financial products including loans from its own portfolio. The company will also be able to enter into co-lending partnerships with financial institutions, including public sector banks in India.

Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $16 million last quarter, along with a decline in revenue

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...

Pakistan, while Caveman was moving across various states in India. This cross-border connection raised suspicions. Further investigation revealed two additional accounts exhibiting similar patterns: one under the name «Qasem Solemani» and another with an Urdu name followed by «123.» By tracking these digital trails and coordinating with human intelligence, Indian law enforcement officials successfully apprehended Rizwan Ali, a highly skilled «improvised explosive device (IED) expert» who had managed to evade authorities for over a year. Rizwan, who held a diploma in fire safety and management and had briefly worked in the firefighting equipment industry, could have chosen a peaceful and prosperous life. Instead, he allegedly used his technical knowledge to assemble IEDs, landing him on multiple agencies' most wanted lists.

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...

motor insurance in non-life industry premiums has fallen below 30% for the first time, according to data released by the General Insurance Council as of June-end, reported TOI. The non-life industry wrote premiums totaling Rs 72,758 crore, marking a 13.3% increase from the previous year. Health insurance continues to lead the growth with a 16.6% increase in premiums, reaching Rs 29,915 crore, while motor insurance grew by 11.9% to Rs 21,348 crore. At the end of the quarter, health insurance accounted for 41.1% of the total non-life insurance premiums, whereas motor insurance's share decreased to 29.3%. The shift in share is attributed to a slowdown in car sales, with insurers pointing out that the focus of motor insurance is largely on new cars due to regulatory requirements. These rules mandate buyers to purchase three years of cover upfront for cars and five years for two-wheelers, influencing the dynamics of motor insurance premiums.

Siemens has reported a 25 per cent rise in profit after tax (PAT) at Rs 531 crore during the April-June quarter of this fiscal, on account of higher revenues. The company, which follows the October to September fiscal year, had reported a PAT of Rs 424 crore a year ago, a company statement said on Friday. Its revenues rose to Rs 4,714 crore, up 7 per cent from Rs 4,407 crore in the year-ago period.

Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a «very positive» impact on its tourism sector, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives. «Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives,» he said in a post on X. Developed by the National Payments Corporation of India (NPCI), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.

Indian markets experienced a marginal recovery from the uncertainties arising from concerns about the unwinding of carry trades, driven by the Yen's rapid appreciation and weak macroeconomic data that fuelled recession fears in the US. However, indices closed the week in red, losing over 1% each. During the week, only 30 smallcap companies offered double-digit returns with Century Enka the top gainer (35%), followed by Authum Investment (34.19%), Symphony (33.53%), and Garware Hi-Tech (26%).

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₹20,000 makes it easy! These budget-friendly cooling solutions offer a blend of efficiency, style, and ample storage space, ensuring your food stays fresh and organised.With numerous brands and models available, it's essential to choose one that fits your needs without compromising quality. From energy-efficient designs to sleek aesthetics, our top 10 picks cater to various preferences and requirements, whether you need a compact option for a small kitchen or a spacious model for a larger family.Each refrigerator on this list has been carefully selected based on performance, features, and customer reviews, ensuring you make an informed decision.

1. Samsung 8 kg Fully-Automatic Top Load Washing Machine The Samsung 8 kg Fully-Automatic Top Load Washing Machine is a versatile and energy-efficient appliance ideal for larger households. With Eco Bubble Technology, it ensures deep cleaning even at lower temperatures, making it gentle on clothes while saving energy.

Namma Yatri has started its zero-commission cab services under the brand ‘Yatri’ in Delhi NCR, in a move that is set to intensify competition with Uber and Ola in this thriving market. The platform won’t charge subscription fees or commissions for its electric auto rickshaws and cabs in Delhi NCR until March 2026, said Shan MS, cofounder of Moving Tech Innovations, which runs Namma Yatri. Yatri offers autorickshaw, AC mini, AC sedan, and AC XL cab services at «low prices» with a lifetime zero-commission policy, according to the company.

Bitcoin spot exchange-traded funds (ETFs) saw $194.6 million in inflows on Thursday, according to data shared by Fireside Investors.

With newer phones coming and higher camera resolution, the pictures and videos we take are bigger and better than ever. But that also means that no amount of storage on the device is good enough. That’s where cloud storage comes in. Not only does it offer convenience and accessibility, but also crucial security for our digital data. Here is how to get over 100 GB of free cloud storage:

biotech giant Amgen on Friday announced its plans to open a new technology and innovation site in Hyderabad, India. The site, to be known as Amgen, will be located in HITEC City, a suburb of Hyderabad, occupying six floors of the RMZ Spire Tower, with a potential to accommodate up to 3,000 people. The site will be operational in Q4 2024. Amgen India will initially build and accelerate new technology solutions and digital capabilities at scale that will enhance efficiencies across the enterprise.

European Commission investigation into social media platform X could take its handling of harmful content related to the recent UK riots into account, a spokesperson said. Last month, European Union officials issued charges against X, owned by tech billionaire Elon Musk, under the Digital Services Act (DSA), which requires very large online platforms to do more to tackle illegal content and risks to public security. While Britain has not been a member of the EU since 2020, harmful content in breach of DSA rules shared in Britain may have been seen by users in Europe, constituting a potential breach of the law.

volatility is what traders live for and they use crypto exchanges to trade cryptocurrencies. In India, cryptocurrencies are not regulated officially. But the Indian government and the Reserve Bank of India have overtly and covertly hampered the growth of local firms in this space.