Digital Financial News

A growing number of experts say the most realistic and effective way of teaching children about social media is a slow, deliberate onboarding, rather than an outright ban or allowing free reign

India's strong growth is leading to a trend of 'reverse flipping' as domestic startups that once used to move abroad for capital access and tax benefits are now returning home, a top government official has said. Commerce Secretary Sunil Barthwal also said that the digital economy along with emerging technologies like AI and the rise of data centres were key to future Indian growth.

Ministry of Commerce and Industry took center stage at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, held at the iconic Marina Bay Sands in Singapore.

It’s not just the political class. America’s fleet of cars and trucks is also getting long in the tooth. Last month a study by S&P Global Mobility reported the average age of vehicles in the U.S.

«Other announcements which are all for increasing the safety and soundness of the banking system and the payments and other things, that are welcomed,» says R Gandhi, Former RBI Deputy Governor. What to your mind actually stood out from the governor's commentary given that it was along expected lines and a status quo? Yes, that is right. The whole policy announcements are on expected lines only. Both by the market and others going by any standard I do not think anybody would have thought otherwise. Of course, going forward, everybody would be expecting the rate cut to come in sometime soon. So it could be in August or October, that will be the next debate, that would obviously depend upon the inflation footprints that we will get this month and next month so that should guide us.

RBI) Governor, Shaktikanta Das, on Friday announced establishing a digital payments intelligence platform owing to recent surge in bank, digital frauds.

monetary policy meeting, the Reserve Bank of India (RBI) announced the inclusion of recurring payments for Fastag, National Common Mobility Card (NCMC), etc. with auto-replenishment facility under the e-mandate framework.

digital payments frauds, the Reserve Bank of India (RBI) has proposed to set up a digital payments intelligence platform. RBI Governor Shaktikanta Das announced on June 7, 2024, «The Reserve Bank has taken a number of measures over the years to deepen digital payments while ensuring their safety and security.

Bank of India (RBI) announced that UPI Lite will now be integrated with the e-mandate framework which will help in auto replenishment of UPI Lite balance. Governor Shaktikanta Das said that this integration will enhance the ease of making small value digital payments. «The UPI Lite facility currently allows a customer to load his UPI Lite wallet upto Rs 2000 and make payments upto Rs 500 from the wallet.

This election placed the Constitution of India in the national spotlight, but what its results have brightened overnight is the prospect of Amaravati emerging as an entirely new city to serve as the capital of Andhra Pradesh (AP). A prime mover of this project, N. Chandrababu Naidu of the Telugu Desam Party (TDP), has risen to political prominence.

MintGenie, Singh said that fintechs and NBFCs can play a considerable role in solving the credit accessibility and creditworthiness of SMEs and MSMEs.India’s micro, small, and medium enterprises (MSME) sector, the second largest in the world after China, is poised for significant growth in the future. The landscape for MSMEs is being shaped by various key trends in 2024, presenting both opportunities and challenges in a rapidly evolving business environment.

Crypto mining regulation has taken center stage at the St. Petersburg International Economic Forum. Government officials are also talking up the cross-border credentials of Russia’s CBDC.

NEW DELHI : Canada Pension Plan Investment Board (CPPIB) and Cube Highways are in the final fray for the road assets of National Investment and Infrastructure Fund’s Athaang Infrastructure, two people aware of the matter said. The two entities are expected to submit their binding bids shortly. JP Morgan is running the transaction, which is expected to have an equity value of around ₹4,000 crore.

After two terms of absolute majority, the Indian electorate has given a fractured mandate to the Narendra Modi-led BJP. The era of coalition politics is back with a bang. Does that also mean an end to the promise of big-ticket reforms? Mint explains.

NEW DELHI : Soon, you may not be able to hop from Google search results to a hotel’s website to make a reservation, or even to Google Maps once you find the place you are looking for. Allowing users to head straight to Google Maps or a hotel’s website from the results page goes against the tenets of the draft digital competition bill, say industry executives and experts.

Mandate 2024 is an economic one. The electorate has emphatically rejected any ideological political pursuits by making it numerically impossible to prioritise them, but put enough on the board for BJP-led NDA to spearhead initiatives needed to catapult India's economic profile.

Mint in November. Now, two senior policy officials who work closely with Meity told Mint that the Act itself could be revised and replaced by an entirely new regulatory approach.Prioritization of tech policy, as a result, remains a concern.

Magenta Lifecare IPO oversubscribed by 74 times on day 2 so far; check detailsThe IPO garnered bids for 1,36,94,000 shares on the third day as against the total offering of 20,88,000 shares, resulting in an overall subscription rate of 6.56 times, according to Chittorgarh data.The retail portion was booked 11.61 times on the third day, while the non-institutional investors' portion achieved a subscription rate of 1.35 times.The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each.

It is too early to determine winners of the artificial intelligence boom, but so far, those companies haven’t been cloud software vendors like Salesforce and Workday. Salesforce’s recent earnings miss, which disappointed investors looking for software-as-a-service companies to benefit from the generative AI hype, may be tied to the fact that the AI investment cycle is still unfolding.

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