Digital Financial News

A newly formed association of Paraguayan Bitcoin (BTC) and altcoin miners says new energy tariffs could kill off the industry.

electoral bonds to make political donations potentially face questions from tax authorities on deductions that were made on these contributions with the Supreme Court having scrapped the scheme in February. A few companies have already received notices for deductions claimed for political contributions made through electoral bonds, people familiar with the development told ET.

Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry. The Reserve Bank of India would only tighten and not loosen regulations given the threats from technology and weak lending practices, Chaudhry tells ET. Edited excerpts:

A Quiet Place: Day One, has arrived in theaters nationwide. For those wondering when they can catch the apocalyptic thriller on Paramount+ and other digital platforms, here’s what you need to know.

Netflix's hit series Wednesday has commenced filming in Ireland, confirmed just last month. Fans are eagerly awaiting the return of the show, which promises new twists and turns in the supernatural world it explores.

Nobody has received an exciting update. Nobody 2, starring Bob Odenkirk, is set to begin filming this summer, generating a buzz among fans eager to see more of the former government assassin's exploits.

Signature Global has reported Rs 2,700 crore sale from its project Titanium SPR, in Sector 71, Gurugram

AS PUPILS AND students return to classrooms and lecture halls for the new year, it is striking to reflect on how little education has changed in recent decades. Laptops and interactive whiteboards hardly constitute disruption. Many parents bewildered by how their children shop or socialise would be unruffled by how they are taught.

₹1.73 trillion. The average in the early phase was about ₹ 0.9 trillion, which today hovers at upwards of ₹ 1.5 trillion. The relevant data reveals a widening of the tax base, increased compliance, plugged leakages and better enforcement.

Titagarh Rail, whose shares ended last week with a 17% return, remains strong, with momentum continuing to be very robust, according to Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “Dips should be utilised to initiate fresh positions, with strong support at Rs 1,770. The stock is likely to touch the Rs 2,000 mark in the near term, with the uptrend intact on the daily chart.”

Sony expects India to overtake home market and become the company's third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the country and is betting on the premium television segment besides its audio and imaging products to drive the growth.

In today’s rapidly-evolving digital landscape, technology continues to revolutionize the way we manage our finances. One notable area where this transformation is particularly evident is in the accessibility and transparency of fixed deposits (FDs).

The MSME sector in India is experiencing significant growth, with a notable shift in small business owners’ perspectives towards adopting technology in recent years, according to a report by PayNearby. As per the report, over 65% of micro, small, and medium enterprises (MSMEs) utilise some form of digital technology for their daily operations.

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Understanding (MoU) focused on bilateral cooperation in the realms of wholesale central bank digital currency (CBDC) and tokenization.

Multi unit retail enterprises manage a range of activities, from the mundane to the critical, to ensure every outlet operates seamlessly and offers the same customer experience. From stocking shelves, processing payments, and maintaining a welcoming shopping environment to optimising supply chains, managing vendors, and keeping stores compliant, it is not easy to run a multi unit retail enterprise. The retail industry in India is subject to the vagaries of the economy and operates in a competitive market. It needs a relentless focus on operational efficiency to gain any edge. Retail enterprises that commit to squeezing every bit of efficiency from their operations can get themselves that edge.

MSMEs will expand their presence across various sectors, producing a wide range of products consumed by millions regularly. Today, MSMEs play a pivotal role by contributing approximately 30% to India’s GDP, as reported by the MSME Ministry’s FY23 annual report. The progressive ecosystem of India and the availability of required resources have enabled MSMEs to deploy cutting-edge technologies to transform the energy space. From how energy is extracted, managed, and consumed to how it is sold, MSME startups are playing a critical role in digitising and revolutionising the customer journey. Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy. The need for digitisation in energy India's energy sector faces several challenges, and the biggest challenge among them is the lack of monitoring and measurement systems. With digitisation, we can unlock multiple opportunities, such as promoting data-driven decision-making, enhanced forecasts and predictive maintenance, reduction in duplicate work, gauging market demand, improving fuel distribution networks, and understanding price fluctuations.

₹25,000 crore) for the rights to broadcast International Cricket Council (ICC) events in India between 2023 and 2027. It has since followed a strategy of broadcasting marquee events such as the 2023 World Cup and the ongoing T20 World Cup free online, relying on advertisement revenues. Disney+Hotstar did execute a deal for around $1.4 billion with Zee Entertainment Enterprises Ltd, which was to take over the TV broadcasting rights.

States are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming increasingly smarter

small-cap segments underperformed. During the June month, as many as 187 BSE500 stocks have delivered double digit weekly returns with four of them offering over 40% returns.

Walmart Vriddhi, the supplier development program of the retail giant, recently announced that it has exceeded its target of training 50,000 micro, small and medium enterprises (MSMEs) across India by December 2024. According to a statement, the program has digitally empowered 58,000 MSMEs providing them cost access to business advice, digital training and personalised mentorship opportunities. The Walmart Vriddhi program was launched in 2019 with Swasti as the program partner. The program was aimed to equip MSMEs with the know-how and tools they need to succeed in supply chains by combining Walmart’s supplier development experience and Flipkart’s platform expertise. Currently, over 14,500 MSMEs are onboarded onto Flipkart.

Franklin Templeton is expanding its SMA offerings to UBS’s advisory network.