Digital Financial News

seemingly unstoppable bull run, after months of hitting new all-time highs. Now they are in free fall. America’s Nasdaq 100 index, dominated by the tech giants that were at the heart of the boom, has fallen by more than 10% since a peak in mid-July.

global food security, said Indian Prime Minister Narendra Modi while Speaking at the inauguration ceremony of the 32nd International Association of Agricultural Economists (ICAE). «Along with water shortage and climate change, nutrition is a big challenge but India has a solution for this — India is the biggest producer of millets — to which, the world called as a superfood, we have named it as Shri Ann. Based on the principle of minimum water and maximum production, India's superfood can solve the issue of global nutrition concern. India is willing to share its basket of superfoods with the world,» the Prime Minister said in his address. Moreover, India is promoting chemical-free natural farming, he added.

Meta is in discussions with Awkwafina, Judi Dench and other actors and influencers for the right to incorporate their voices into a digital assistant product called MetaAI, according to three people with knowledge of the talks, as the company pushes to build more products that feature artificial intelligence. Apart from Dench and Awkwafina, Meta is in talks with comedian Keegan-Michael Key and other celebrities, said the people, who spoke on the condition of anonymity because the discussions are private. They added that all of Hollywood's top talent agencies were involved in negotiations with the tech giant. The talks remain fluid, and it is unclear which actors and influencers, if any, may sign on to the project, the people said. If the parties come to an agreement, Meta could pay millions of dollars in fees to the actors.

Futu Securities International, Hong Kong’s largest online brokerage, has entered the cryptocurrency market by enabling retail cryptocurrency trading.

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Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business to bigger rivals amid intense competition in the advertising space. The social media firm forecast third-quarter results below market estimates late on Thursday, blaming soft demand from advertisers in consumer discretionary sectors.

markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi. Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment.

The recent approval of the first Ethereum (ETH) Exchange Traded Fund (ETF) marks a watershed moment for the cryptocurrency industry, heralding a new era of institutional investment and widespread adoption.

₹50 crore, marking its entry into the financial services sector as an aggregator. The investment includes ₹25 crore in equity and ₹25 crore in debt. Rediff.com will continue to operate as an independent subsidiary.

₹89,999 for the 12GB RAM/512GB storage model. It will go on sale from Amazon.in, offline stores and Honor's own website from August 15. Honor Magic 6 Pro features a 6.8-inch FHD+ LTPO Quad-Curved OLED Floating Screen with a resolution of 1280x2800 pixels and 120Hz refresh rate.

MUMBAI : In Currency and Finance report for 2023-24, the Reserve Bank of India (RBI) points out that digitalization is disrupting the jobs landscape in the financial sector and driving out middle-level banking staff. This comes even as digitalization is expected to constitute a fifth of India's gross domestic product (GDP) by 2026, doubling from 10% at present. The central bank also flagged potential challenges related to digital upskilling and the required employee adaptability.

ByBit on Thursday announced its departure from France due to recent regulatory actions by the French authorities. The company said that it would no longer offer products and services to French nationals and residents.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY FMCG at (0.64%), NIFTY India Digital at (0.19%) & NIFTY GS 8 13 Yr at (0.14%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-1.88%), NIFTY Auto at (-1.88%), NIFTY Realty at (-1.44%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 51172.25 (-0.76%) , -391.75 points lower than the previous closing.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY FMCG at (0.62%), NIFTY India Digital at (0.17%) & NIFTY GS 8 13 Yr at (0.14%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-1.91%), NIFTY Auto at (-1.91%), NIFTY Realty at (-1.44%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 24789 (-0.89%) , -221.9 points lower than the previous closing.

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

A Montenegrin appeals court has upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country

The recent partnership of Franklin Templeton with SBI Holdings to create a joint venture in Japan is a big deal, and it has given the digital currency industry in that part of the world a boost. This venture will focus on ETFs and other digital assets.

₹49.92 lakh. This re-entry marks the vehicle's return after nearly ten years.

India, President of the 78th session of the UN General Assembly Dennis Francis told a global audience in Rome that the country has lifted millions of people out of poverty through digitalisation. Referring to the need to provide a basis to support rapid development, such as through digitalisation, Francis cited and lauded India's example and said: «Take for example the case of India… India has been able to lift 800 million people out of poverty over the last five or six years simply by the use of smartphones.» Francis was delivering a lecture at the Food and Agriculture Organisation (FAO) of the United Nations headquartered in Rome on «Accelerating progress towards Zero Hunger for the current and future generations.»

payments platform, Unified Payments Interface (UPI), crossed the Rs 20 lakh crore for the third straight month in July. The platform clocked a transaction amount of Rs 20.64 lakh crore in the month of July growing by 35% on year. It also recorded a transaction volume of 14.44 billion a growth of 45%, as per data released by the National Payments Corporation of India (NPCI). It also had 466 million of average daily transaction count and Rs 66,950 crore worth of average daily transaction amount in July. For the month of June, UPI transaction value was at Rs 20.07 lakh crore in June and Rs 20.44 lakh crore in May.

Ellipal has been a household name in the hardware wallet space for a while now, consistently ranking as a top 3 cold wallet by Forbes since 2022. The brand has been recognized as a leading provider of cryptocurrency hardware wallets, offering top-notch security and a user-friendly design.