Digital Financial News

As speculation surrounds the potential for Dogecoin to reach the $1 mark, another meme coin, Shiba Shootout, is making waves. While Dogecoin’s path to $1 is uncertain, Shiba Shootout is poised for explosive growth, with many believing it could 10X before Dogecoin achieves its milestone. Let’s explore why Shiba Shootout stands out and what sets it apart in the crowded meme coin market.

U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests.

European Union's industry chief has called on the United States to pass new technology regulations, in the hopes of fostering a cohesive digital marketplace across the Atlantic.

European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when making changes to comply with landmark tech rules.

Nutanix sees its India growth rate outpacing its projected global metrics for Annual Recurring Revenue (ARR) and profitability, CEO Rajiv Ramaswami told ET in an exclusive interaction on the sidelines of the company's annual .NEXT conference being held here.

Apple faced an unanticipated challenge soon after it opened two company-owned stores in India last April — many customers wanting to pay in cash — prompting the iPhone maker to install currency note counting machines in both the Mumbai and Delhi outlets. With customers continuing to stream in with wads of notes to buy mobile phones or computers, payments for 7-9% of the American firm's sales in the two stores in India are made with cash, compared to less than 1% or even nil in its stores in the US or Europe, according to people with knowledge of the matter. Unsurprisingly then, social question-and-answer website Quora is full of queries from consumers on whether they can pay in cash at Apple stores in India, they said.

latest movies coming to streaming platforms for a perfect movie night. Don't worry as we have got you covered with details and updates about the latest movies coming to your streaming platforms including the likes of A24's 'Civil War', 'The Fall Guy' and more.

On Thursday, the U.S. Securities and Exchange Commission (SEC) surprised market watchers when it effectively approved the listing of spot ether exchange-traded funds (ETFs) on U.S. exchanges. Ether is the underlying cryptocurrency of the Ethereum crypto network, the second-largest such network after bitcoin by market capitalization.

The world of cryptocurrency can be alluring, but traditional mining methods often involve expensive equipment and technical expertise. This has historically limited participation for many interested individuals. However, a new era has dawned with the rise of cloud mining platforms like AST Mining . This innovative approach eliminates the barriers to entry, making crypto mining accessible to everyone. AST Mining empowers a global community to participate in the digital gold rush, regardless of technical knowledge or financial background.

MUMBAI:The account aggregator (AA) framework, regulated by the Reserve Bank of India (RBI), can significantly simplify financial tracking for smaller companies and individuals, according to BG Mahesh, chief executive of Sahmati, at the Mint Digital Summit 2024. Sahmati is a member-driven industry alliance dedicated to promoting and strengthening the AA system.“In offline, the cost of processing a file is high.

Mint Digital Innovation Summit 2024.Participating in a panel discussion on “How AI, GenAI are powering digital transformation across sectors in India", Roopa Basrur, vice-president of Global Safety Medical Writing at Parexel, a Durham, North Carolina-based biopharmaceutical services company, said workflow automation, robust decision-making, and search and retrieval of data are the areas where AI's impact has been the most in the pharmaceutical industry.Basrur emphasised the use of AI in medical writing as well, which includes using data to determine whether a drug is safe for use or if there are warning signals.“So, we actually have developed an in-house literature review tool that helps to do exactly what you were talking about, that is cutting down the amount of time spent in drug research and drug safety," said Basrur.Moving to an industry that embraced “digital" from the get go, Abhishek Ravi, chief information officer (CIO) at Mumbai-based Indian fantasy sports platform Dream Sports (Dream11), said AI technology was ever-evolving for him and not an overnight wonder.

Mint Digital Innovation Summit 2024.“AI and Gen AI hyper-personalize the journey and offer significant value to the customer," he said, elaborating on how this fusion has revolutionized sectors, notably the automotive industry, where connected intelligent vehicles have become a standard, ensuring safer rides.Highlighting a significant shift in lead generation dynamics, he said: “While previously, 50-60% of leads originated from walk-ins at car dealerships, now, only 20% begin with physical visits." Highlighting the impact of AI in product innovation, Kapoor cited the launch of the XUV700 three years ago. "It was almost the first car in its segment to feature layer level two autonomy, enabling the car to anticipate and react to potential hazards." Such advancements, powered by AI and vision technologies, have significantly enhanced both safety and driving experiences, he added.Kapoor elaborated on AI's diverse applications, including financial inclusion initiatives, and underscored Mahindra's dedication to responsible lending practices.

Vice President Kamala Harris is announcing the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from 40% now

Google is confronting the latest in a succession of legal attacks on its digital empire on Thursday as a federal judge began to address anticompetitive practices in the app market for smartphones powered by its Android software

Ludo King, developed by Gametion Technologies, brings the board game of Ludo to the digital world, capturing the nostalgia of traditional gameplay while incorporating features. Available on both Android and iOS platforms, Ludo King tops the charts in Google’s Play Store as well as Apple’s App Store.

Enforcement Directorate (ED) on Friday opposed in the Delhi High Court the bail plea of BRS leader K Kavitha in a money laundering case linked to the alleged excise policy scam, saying her release would adversely affect further investigation to unearth the «deep-rooted, multi-layered conspiracy». The ED, in its reply to Kavitha's bail plea, contended that the Telangana lawmaker is a «highly influential» individual and stands accused of having committed a grave economic offence. She has the potential to tamper with evidence and influence witnesses, it said. «K Kavitha has conspired with other people and actively involved in payment of kickbacks to the tune of Rs 100 crore and then in establishing the money laundering ecosystem, that is, M/s Indo Spirits through her proxy which generated proceeds of crime of Rs 192.8 crore. By such acts, K Kavitha is involved in various processes and activities relating to proceeds of crime (POC) to the tune of Rs 292.8 crore,» the probe agency said in its counter affidavit. On Friday, Justice Swarana Kanta Sharma heard part arguments advanced by Kavitha's counsel and listed the matter for further proceedings on May 27.

Mint Digital Summit on Friday.“GenAI in 2024 is a priority for almost 90% of CEOs and they want to put money behind it, but 70% of them feel they aren’t doing enough," Singhal said. “There is intent and money but how to get there and how to scale, that’s the key issue to be solved."Singhal said that there are three ways GenAI can deliver value. The first is by increasing productivity on existing tasks, such as writing emails or summarising a video meetings.

MUMBAI:PocketATM, a fintech startup facilitating cash withdrawals from neighbourhood grocery stores, is expanding its customer base beyond senior citizens and people with mobility challenges."We are building doorstep banking at PocketATM via supply from neighbourhood stores instead of bank ATMs and branches, so essentially, we are elevating convenience," said Mihir Mehta, chief executive, PocketATM, at the Mint Digital Innovation Summit 2024.Founders Mehta and Sushil Kurri spoke about financial inclusion discussed financial inclusion through digital innovation, highlighting how their doorstep cash delivery service, branded as 'Gharpe,' literally meaning at home, will attract more consumers."We want to become the Blinkit for banking," Mehta told Mint on the sidelines of the event on Friday.The startup, which raised $400,000 in February, plans to expand beyond metros. PocketATM intends to extend its services to tier 2 and tier 3 cities by encouraging merchants to exchange cash for customers using UPI transactions."While India has gone digital, the whole ecosystem is very cost heavy, and there is unorganized cash management, which is what we are trying to solve," said Mehta.PocketATM is also targeting foreign tourists, partnering with Cheq, a UPI payments app for foreign tourists and non-resident Indians visiting the country, to facilitate cash withdrawals.The fintech has incorporated advanced features such as geolocation and geotagging, enabling merchants to indicate their availability.

Suryoday Small Finance Bank, said at Mint Digital Innovation Summit on Friday.Speaking about the implementation of AI and generative AI services responsibly in the all-important banking and financial services industry, Sharma said the adoption of standards for AI will define benchmarks for the quality of datasets, transparent audits of these datasets, referencing of data and, most importantly, building an understanding of AI models for the right implementation.“There are key themes when one is looking at mass adoption of AI, including whether the data is voluminous enough. If the answers to such questions is yes, you’ll have a checklist to move ahead in AI adoption. Be it AI or generative AI, they can only do as much as is provided.

Mint Digital Innovation Summit 2024 on FridayUtkarsh Desai, Corporate Center Head of L&T Construction, outlined L&T's vision to achieve carbon neutrality by 2040 through cutting-edge digitization and technological integration.Desai emphasized, "Our journey from a Deere equipment supplier to a $27 billion conglomerate underscores the transformative power of digitization in reshaping our operational landscape."He underscored the pivotal role of digitization, stating, "Digitization rests on three core pillars: Man, Machine, and Material." Regarding manpower management, Desai highlighted, "Our bespoke platform streamlines HR processes, ensuring a dyn... Read moreHe underscored the pivotal role of digitization, stating, "Digitization rests on three core pillars: Man, Machine, and Material." Regarding manpower management, Desai highlighted, "Our bespoke platform streamlines HR processes, ensuring a dynamic workforce capable of meeting seasonal demands." Safety, he stressed, "is addressed through an end-to-end platform meticulously designed to enforce organizational safety standards."Desai eloquently summarized L&T's overarching goal in digital transformation, stating, "The two things which humanity has not created till date, which is time and money, time and energy.

The concept of the Metaverse has gained significant attention in recent times, prompting many to consider its investment prospects.