Digital Financial News

The lower house of the Russian parliament, the State Duma, is set to review a cryptocurrency bill along with separate legislation on crypto mining in its second and third readings on Tuesday.

mutual funds have filed draft documents with Sebi to launch sectoral and passive funds. Kotak Mutual Fund and Invesco Mutual Fund have filed for sectoral/thematic funds while Aditya Birla Sun Life Mutual Fund has filed for debt-based passive funds.

«So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward,» says Angshu Mallick, MD & CEO, Adani Wilmar. I was talking about the volume growth and the trends that we are watching out for in terms of volume growth, do you think this 12% growth is something that is sustainable for the rest of the year or could we expect better growth in FY25? Angshu Mallick: The volume growth has been strong where we clocked one million tonne this quarter. Going forward, we may see such kind of volume, but the Q2 may not see such robust volume growth. Q3 onwards, we are hopeful that edible oil again will have a bigger volume share. Second is that our food business has grown and double digit and a strong double digit we have been doing and there I think this volume will grow further. So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward.

In the midst of fluctuating global policies and influential endorsements, Bitcoin’s future is drawing intense speculation and interest.

Rising demand for electric vehicles: The Indian government is promoting the adoption of electric vehicles (EVs) through a number of initiatives, including subsidies and tax exemptions. This is expected to lead to an increase in demand for car loans for EVs.Expansion of car loans to Tier 2 and Tier 3 cities: The demand for car loans is increasing in Tier 2 and Tier 3 cities as disposable incomes rise and car ownership becomes more affordable.Digitalization: The auto finance industry is becoming increasingly digitized, with more and more lenders offering online applications and approvals.To further analyze and understand these trends, we need to further delve into the understanding of consumer behavior.

Readers may recall the 4 June market correction when investors took advantage of the fall in prices and invested lumpsum amounts in mutual fund schemes?

Can India achieve the government's target of achieving $10 trillion GDP by 2030? Given that we are yet to hit $4 trillion, only $8 trillion is plausible by 2030, says Nilesh Shah, MD, Kotak AMC, in a post-Budget interaction with Mint. He believes finance minister Nirmala Sitharaman achieved the trinity of impossible of fiscal consolidation, investment and job creation. It should lead to the country's credit upgrade, he says. Shah adds that hiking the security transaction tax (STT) on futures and options (F&Os) is a step in the right direction. Edited excerpts:

small caps and 20% of midcaps are trading above reasonable valuation levels,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should avoid these overvalued pockets, at least from a short- to medium-term perspective,” Edited excerpts:

government has finalised the draft of the rules proposed to be enacted under the Digital Personal Data Protection (DPDP) Act 2023 and hopes to release them for public consultation in the second or third week of August, sources told ET. The rules are expected to be notified after the current session of the Parliament concludes, sources added.

Netflix’s most-watched series, setting the stage for its eagerly anticipated second season. With the show’s production officially completed as of June 17, 2024, fans are eagerly awaiting the next chapter of this intense thriller.

RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the central bank said in its report on currency and finance.

Google Chrome, specifically affecting the Google Password Manager—a tool relied upon by over three million users to store and autofill passwords. The issue was traced to the M127 version of the Chrome browser on Windows, which caused previously saved passwords to become inaccessible and prevented new passwords from being saved, added the report.For nearly 18 hours, affected users were unable to use their stored passwords, creating widespread inconvenience.

With rising open interest peaking at $3.25 billion, market optimism for cryptocurrencies such as Solana price is on an upswing, hinting at potentially higher valuations.

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, started the week on a bullish note, remaining above $69,000.

vandalism, affecting fiber lines and fixed and mobile phone lines as cities around France are hosting events for the 2024 Paris Olympics.

Former President Donald Trump has laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term

“Move fast and break things,” a high-tech mantra popularized 20 years ago by Facebook founder Mark Zuckerberg, was supposed to be a rallying cry for game-changing innovation

Slovenia has become the first member of the European Union to issue a sovereign digital bond.

CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.Recognised for its global leadership, DBS has been named “World’s Best Bank" by Global Finance, “World’s Best Bank" by Euromoney, and “Global Bank of the Year" by The Banker.

income tax debt using the e-pay tax payment service, as failure to do so may lead to serious consequences such as potential imprisonment in certain cases. Fortunately, there are multiple methods to settle income tax, including using a credit card and taking advantage of EMI options available for credit cards. However, banks may charge fees for processing such tax payments, although some payment options are free.