Digital Financial News

Doctor Who has assured fans that the Doctor will indeed be back for another thrilling adventure. While the exact return date remains unspecified beyond the year 2025, one burning question that has captured the attention of Whovians is: who will accompany the Doctor in the upcoming season?

capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company's initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes.

Mega Millions is one of the most celebrated US-based lottery games ardently followed and played in multiple US cities like California, Oregon, Illinois, New Jersey and more. Although the number of winners in Mega Millions is quite less due to the prize categories being very minimal, the takeaway prizes are exponential, with one player from New Jersey taking home a whopping $1.13 billion earlier this March, while another player from New Jersey won a jackpot worth $552 million this June.

Teesta river, moving ahead to start negotiations on a comprehensive trade pact and boosting defence ties were among major outcomes of talks between Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on Saturday. The two sides signed 10 agreements providing for bolstering ties in a range of critical areas such as digital domain, maritime sphere, blue economy, railways, space, green technology, health and medicine. Both sides also firmed up a «futuristic vision» for bringing transformative cooperation between the two «trusted» neighbours in a raft of new areas. A major focus of the talks between the two prime ministers was to explore ways to shore up India-Bangladesh cooperation in digital and energy connectivity even as both sides resolved to work towards peaceful management of borders between the two countries.

central government will be able to take control of any telecommunications services or networks in times of emergency after the implementation of the Telecommunications Act 2023, which will be effective on June 26. The Centre, though partially, notified the Telecommunications Act on Friday to be effective from June 26, and provisions including sections 1, 2, 10, and 30 will be in place. «The Central government hereby appoints the 26th day of June 2024, as the date on which the provisions of sections 1, 2, 10 to 30, 42 to 44, 46, 47, 50 to 58, 61 and 62 of the said Act shall come into force,» the Gazette notification said.

Also Read: Credit card consolidation: How to effectively pay off debt? Here are 6 key waysCredit card fraud has been on the rise globally, with billions of dollars lost annually to fraudulent activities. According to a report by Nilson, global card fraud losses reached $27.85 billion in 2019 and are projected to exceed $35 billion by 2025.

«I think in insurance there are a couple of things going on. One, obviously the two main drivers there will be, one was the large overhang for the last I think six-eight months around the surrender values I think that largely is behind us now with the ruling now,» says Sunil Koul, Goldman Sachs. Is the base case assumption a meaningful rural recovery or is it placed purely on valuation comfort, some of those pockets that you talked about? Sunil Koul: Look it is not a strong rural recovery we are baking in our numbers because I think the fact remains as we know that numbers have kind of bottomed out to a large extent. The FMCG volume growth was kind of negative for many quarters.

India-UAE leg of the strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to begin, with a digital platform for information exchange between the two countries' ports expected to be operational within the first 100 days of the Modi government, according to The Times of India. Despite tensions in West Asia affecting the project, the G7 recently expressed strong support for the ambitious multi-country initiative. The India-UAE sea corridor is divided into five phases, with the second phase focusing on customs connectivity and the third on regulatory agencies. The IMEE-EC aims to facilitate the seamless movement of cargo from locations like Hajipur in Bihar to Haifa in Israel, requiring common port and customs documentation across countries, as well as standardized equipment and containers in all ports and dry docks.

BCG [Boston Consulting Group] to prepare a blueprint of his vision for 2047..."Rao's comments came a day after Karnataka BJP chief BY Vijayendra condemned the state government's decision as "outrageous" and "akin to handing over the reins to the East India Company."ALSO READ: Indian firms need to scale digital transformation: BCG"...The Karnataka Congress government is effectively declaring itself unfit & incompetent. When the State Government operates under the directions of an external agency, the welfare of the people takes a backseat, and innocent citizens are the ones who suffer!," Vijayendra posted on X on Thursday.Rao reacted to the criticism on Friday, saying that the Boston Consulting Group “is a recognised group across the world." He said, "Even PM Modi used the Boston Consulting Group to prepare his Vision 2024 blueprint."He claimed that former Karnataka Chief Ministers BS Yediyurappa and Basavaraj Bommai used this group.

RBI) Deputy Governor S S Mundra on Friday called for an «introspection» among financial regulators. The career central banker, who served as the Deputy Governor of the RBI for three years ending 2017, cited recent instances involving both the RBI and Sebi. «There is a little bit which is there, for which regulators also need to introspect,» Mundra said, while speaking at an event organised by industry lobby grouping Assocham here.

Pine Labs Pvt, an Asian digital payments provider backed by Peak XV Partners and Mastercard Inc., is considering raising about $1 billion in an initial public offering in India, people familiar with the matter said, amid increasing investor appetite in the nation’s stock market. The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private. Pine Labs may issue both new and secondary shares, they said. It could also opt to do a pre-IPO fundraising round ahead of any listing, two of the people said.

OTP (One-time password) fraud, where cyber criminals exploit the digital codes meant to secure transactions and personal data. To combat this threat, it is crucial to adopt a proactive approach.OTPs are a critical security feature in the digital authentication process. They generate a unique code for each transaction that expires shortly after issuance or once it has been used.

DCB Bank to ‘buy’ from ‘neutral’ earlier."We had downgraded our rating on DCB Bank to Neutral in July 2019 (stock price at ₹239) amid weaker operating performance and an uncertain growth/asset quality outlook. However, with a recovery in loan growth and anticipated improvements in operating leverage, we estimate a 21 percent earnings CAGR over FY24-26E.

“A loan, though old, is not a gift" is an old Hungarian saying. This is especially apt in today’s digital age where even a minute delay is reported into the system and is remembered by lenders and others for a very, very long time.

UK authorities have arrested two people suspected of running an illegal crypto exchange valued at over £1b ($1.3b).

GenAI projects during the second and first quarters, respectively. The third quarter saw Accenture's total order bookings hit $21.1 billion, with GenAI deals accounting for 4.3% of this total, a significant increase from the 0.6% share in the year-ago period.

₹747.95 apiece on the BSE.Bikaji Foods International is a heavyweight in the rapidly expanding Indian savoury snacks market. It is the third-largest player in the organised ethnic snacks market, market leader in family packs and leader in its core states: Rajasthan, Assam and Bihar.

Rahul Jain, Vice-President -Research, Dolat Capital, says that Accenture’s improved order book is led by them providing the right solutions which the clients are needing. So, essentially, this is led by their own effort and there is not much of a change in the environment. Probably that’s why despite a very strong order book they did not comment anything beyond the current fiscal in terms of qualitative or quantitative aspect. What does the lowered revenue guidance by Accenture suggest to you about the company and the sector? What is your reading? Rahul Jain: Apart from the results, we also followed the commentary in the earnings call and what they are trying to indicate – the one positive data that came out was from an order book perspective, but management was clear that there is no change in the discretionary demand or overall client sentiment in terms of their spending. But this order book is led by them providing the right solutions which the clients are needing.

NIA) on Wednesday conducted extensive searches at three locations in Hazaribagh and Ranchi districts of Jharkhand connected with associates of the notorious Aman Sahu gang in Jharkhand, in a case relating to extortion and attack on a coal mine. Digital devices, a Fortuner vehicle and some incriminating material were seized during the searches conducted on the premises of the various suspects in the case. The NIA had earlier chargesheeted 24 accused in the case involving an attack at Tetariyakhand coal mine in Jharkhand's Latehar district by members of the Sujit Sinha, Aman Sahu and other gangs. The attack was carried out in December 2020, as part of a criminal conspiracy hatched by these gangs to extort money and disrupt government work.

Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. 

The Monetary Authority of Singapore (MAS) has released a new money laundering risk assessment report, labeling crypto tokens and service providers under “high risk” financial sectors.