Digital Financial News
27.05 / 03:19
27.05 / 03:03
Provident
Digital
Mobile
country
voice
exclusive
rights
Billionaire Mukesh Ambani sets sight on Africa with new telecom venture in Ghana
Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market.Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC. He described the plans ahead of NGIC’s launch announcement on Monday in Mumbai, India’s financial hub.
26.05 / 19:23
26.05 / 19:23
COST
UPS
Provident
Digital
Platform
Mobile
RIL set for African safari with 5G tech solutions
Reliance Industries Ltd (RIL) entity is set to offer a range of 5G shared network infrastructure solutions in Africa with a local company backed by Ghana, marking the conglomerate's entry into the league of global telecom tech and equipment vendors. Radisys, owned by RIL unit Jio Platforms Ltd (JPL), along with Tech Mahindra and Finland's Nokia, is partnering with Next-Gen Infrastructure Co. (NGIC), in which the Ghanaian government, Ascend Digital and K-Net hold equity, for the foray.
26.05 / 19:23
UPS
BLOCK
Digital
Mobile
show
Department
International
Mobile users can expect relief from 'spoof international calls'
department of telecommunications (DoT) and mobile operators devised a system that can identify and block spoof international calls showing up as Indian numbers. Through this, the government and telcos are seeking to give relief to mobile users who have been getting such calls from cyber criminals posing as police officials, courier company workers and even DoT and Trai officials. Hoax international calls originate outside the country, but cyber criminals manipulate the calling line identity (CLI) to make such calls appear as originating within India. The DoT has directed telecom carriers to block such calls.
26.05 / 18:51
Provident
Target
Digital
Cybercrime
Trade
2020
reports
Cyber
Indians lost over ₹1,750 crore to cyber fraud in first four months of 2024
cybercrime complaints being registered on the National Cybercrime Reporting Portal run by the ministry of home affairs between January to April 2024. According to Indian Cyber Crime Coordination Centre (I4C), on an average 7,000 cybercrime complaints were registered per day in May 2024, a jump of 113.7% between 2021-2023 and 60.9% from 2022-2023, and 85%of them were financial online frauds. I4C is a body established by the MHA to provide a framework for law enforcement agencies to deal with cybercrime. The massive rise in number of cases can be seen between 2019 to 2024 with 26,049 complaints being registered in 2019, 2,57,777 in 2020, 4,52,414 in 2021, 9,66,790 in 2022, 15,56,218 complaints in 2023 and 7,40,957 in 2024 in the first four months of the year. Most victims were targeted using online investment fraud, gaming apps, algorithm manipulations, illegal lending apps, sextortion, and OTP forwards among others. Over 1 lakh investment scam cases were reported in 2023, according to I4C. In cases of digital arrests, Indians lost ₹1.2 billion in 4,599 cases in the first four months of 2024. Trading scam accounted for 20,043 cases in which ₹14.2 bn were lost to cyber criminals during the same period.
26.05 / 16:19
markets
Ethereum
ETH
Digital
Trade
innovations
Features
Crypto Veteran Who Backed Ethereum at Launch Trades Small Bag for New Altcoin That Jumped 2000% Overnight
Some visionaries saw potential where others did not, reaping significant rewards as ETH became a cornerstone of the digital currency landscape. One such investor, renowned for his early support of Ethereum, has now turned his attention to a new altcoin that has taken the market by storm: Retik Finance (RETIK). This article delves into his latest move, examining why this crypto veteran believes RETIK could be the next big thing.
26.05 / 11:45
BLOCK
Digital
Citizens
Mobile
reports
Department
International
Govt directs telcos to block incoming international spoofed calls
telecom operators to block all incoming international spoofed calls that display Indian mobile numbers, an official statement said on Sunday. The Department of Telecom (DoT) said that it has been reported that fraudsters are making international spoofed calls displaying Indian mobile numbers to Indian citizens and committing cyber-crime and financial frauds. Such calls appear to be originating within India but are being made by cyber-criminals from abroad by manipulating the calling line identity (CLI) and have been misused in recent cases of fake digital arrests, FedEx scams, drugs or narcotics in courier, impersonation as government and police officials, disconnections of mobile numbers by DoT or TRAI officials, etc. «DoT and Telecom Service Providers (TSPs) have devised a system to identify and block such international spoofed calls from reaching any Indian telecom subscriber. Now directions have been issued to the TSPs for blocking such incoming international spoofed calls,» the statement said.
26.05 / 09:27
IPO
Provident
Target
Digital
Experts
track
recommendations
Go Digit stock: Brokerage firm Emkay Global gives ‘Sell’ rating, sees downside of 31%
₹272 per piece.The brokerage firm has given ‘sell’ rating, indicating a downside of over 31.4 per cent with a target price of ₹210 per share. The firm further predicts a significant price correction for the newest entrant on Dalal Street, viewing the company as simply another insurance provider that is demanding exceptionally high valuations.Also read: Go Digit IPO listing date today.
26.05 / 09:13
BLOCK
Digital
Platform
Mobile
reports
Department
International
Receiving international spoofed calls with Indian numbers? Here's what Govt suggests you to do
financial fraud. These calls seem to originate from within India but are actually made by cyber-criminals abroad who manipulate the calling line identity (CLI).
26.05 / 09:13
markets
UPS
Digital
Manufacturing
wellness
electronic
Features
Dixon is becoming India’s Foxconn
₹4.1 trillion ($49.16 billion) in FY24, marking a 17% increase year-on-year (YoY). Amid this surge, Dixon Technologies Ltd, an Indian contract manufacture, stands as the biggest success story, producing handsets for six of the top seven global brands. In this business since 2015-16, Dixon has scaled its production to 45 million smartphones and 40 million feature phones annually.
26.05 / 05:57
markets
Provident
Digital
WhatsApp
students
reports
Schools
Odisha Board Class 10 Result Declared: How to check scorecard on bseodisha.ac.in, pass percentage and other details
results for Class 10 (Matric) and Class 12 (Plus Two) today, May 26, 2024. Students can check their results on the official websites bseodisha.ac.in and orissaresults.nic.in. Odisha Board 10th Result: Steps to Check Results Online
26.05 / 04:31
markets
Digital
CEO
WhatsApp
Schools
rights
Utpal Sheth on how buy, hold and sell work for a terminal value investor
Utpal Sheth, Senior Partner & CEO, Rare Enterprises,and Co-Founder & Mentor, Trust Group, says one needs both conviction and courage to be able to buy. After having bought, given that you have a 10-year plus time horizon, you have this long journey of hold. What is it that you need to hold? You need not just patience, but also equanimity to hold. The sell decision is very rare for a terminal value investor but it has to be taken at the right time. On Terminal Value Investing Utpal Sheth: Terminal value investing is a very powerful concept in my mind. And let me start with a very elementary process. The investment process has three distinct components — buy, hold and sell. This is known to everybody. However, bear in mind that when you buy, you are buying at time T0 at the price prevailing at time T0.
25.05 / 22:33
Digital
LGBT
Platform
Netflix
Adventure
classical
Features
Memorial Day 2024 weekend: Top Netflix movies and series to watch
Memorial Day is going to be a blockbuster for all Netflix subscribers as they are going to get ample time to binge through the plethora of content available on the premier streaming platform. According to What's on Netflix, 28 new movies and series have featured on Netflix this week and fans should go gaga on the variety of genres of these. The list of new arrivals this week include the likes of Act Your Age season 1, Wildfire and many more. However, there is a curated list of content that should be a must-watch for Netflix fans across different genres.
25.05 / 22:33
Hollywood
Digital
Platform
Netflix
awards
show
reports
Shogun is a strong favorite to grab an Emmy? Here's what we know
Emmy nominations will be revealed this July, Netflix' The Crown will become the only previously nominated show in the list, according to Hollywood Reporter. There are many great TV drama shows out there by Succession and Westworld and Better Call Saul having finally ended, some rookie shows will now have a shot at grabbing an Emmy award.
25.05 / 19:17
Digital
Platform
Netflix
SPY
film
stars
reports
Emilia Perez: Where to watch the Selena Gomez film that received standing ovation at Cannes
Selena Gomez has undertaken a fresh challenge for her with her new film Emilia Perez, which recently premiered at the annually held Cannes Film Festival on May 18. According to a Digital Spy report, the film received an 11-minute standing ovation during its premiere at Cannes. After its critical acclaim and success, it is heading on to the digital streaming platforms. According to Deadline, a deal is being made for the film's availability in the UK and North America via online streaming.
25.05 / 16:57
markets
Digital
ETF
BitGo
Galaxy Digital
Bitcoin
Courts
BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court
The Delaware Supreme Court has ruled in favor of BitGo by overturning a lower court’s dismissal of the company’s $100 million lawsuit against Galaxy Digital.
25.05 / 12:11
Digital
Google
voice
rock
shock
Features
Weekly Tech Recap: Google AI search tells users to eat rocks, OpenAI vs Scarlett Johansson and more
Scarlett Johansson alleged that OpenAI copied her voice for ChatGPT's ‘Sky’ system. Reacting to the allegations, the Sam Altman-led company has taken down the ChatGPT voice in question while also stating that Sky system's voice is not an imitation of Johansson but belongs to a different professional actress.Johansson stated that OpenAI CEO Sam Altman had first approached her in September 2023 for being the voice of ChatGPT.
25.05 / 09:53
Art
Digital
Booking
band
show
travelers
Weekly planner: 5 events to liven things up
Lungs. This acclaimed play by Duncan Macmillan, which first premiered in 2022, has been directed by Quasar Thakore Padamsee. Starring Dilnaz Irani and Prashant Prakash, the poignant tale revolves around a couple contemplating the ethical and emotional complexities of bringing a child into a world fraught with conflict, climate change and a burgeoning population.
25.05 / 07:41
UPS
Digital
Manufacturing
innovations
information
rights
International
‘AI will create job redundancies, but plenty of new roles too'
Mumbai: The rise of artificial intelligence in digital transformation will present more opportunities, and looking at the right kind of upskilling avenues will transform AI’s impact on job redundancies, concurred a panel of senior industry executives at Mint Digital Innovation Summit 2024 on Friday. Speaking at the Summit, in a panel titled 'Macro View: What it means to become a Digital and AI leader’, Jayashree Satagopan, corporate president and chief financial officer of Coromandel International, said, “There will be job redundancies that will happen because of AI. But this is nothing new.
25.05 / 04:05
Target
Reuters
Digital
Align
Trade
country
Interviews
‘India and China hindering ‘Pillar 1’ tax deal,’ says US Treasury's Janet Yellen
Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.
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