Digital Financial News

As the world becomes more eco-conscious every day, sustainability is now integrated into almost every sector. In the Indian retail sector, sustainable practices are gaining momentum, fueled by rising customer awareness and their demand for eco-friendly initiatives. As the cities transform to cater to their inhabitants’ needs, the retail sector is witnessing an evolution driven by various factors like urbanization, digitalization, and sustainable development. Amidst these cities, Noida-Greater Noida epitomize this evolution through their strategic initiatives and sustainable construction practices, showing the power of consumer influence in shaping a sustainable future.

HDFC Bank has launched a new virtual credit card called ‘PIXEL’. The card will come in two variants – PIXEL Play and PIXEL Go. PIXEL signifies HDFC Bank’s debut in an end-to-end mobile app-based customizable credit card range.

JetSynthesys announces the appointment of Raj Thadani as CEO of its joint venture (JV) with Digital Hearts Holdings (DHH), a Japanese holding company listed on the Tokyo Stock Exchange. In his capacity, Thadani will spearhead strategic initiatives, drawing on DHH’s expertise to bolster India’s gaming supply chain pipeline.

Aztec Fluids & Machinery IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 10 to May 14, attention now turns to the allotment procedure for Aztec Fluids & Machinery IPO. The allotment for the Aztec Fluids & Machinery IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website.

Bharti Airtel managing director Gopal Vittal said rival Vodafone Idea’s recent Rs 18,000 crore capital raise will increase competition but is good for India’s telecom sector, which requires three strong players. He added that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low. Vittal did not specifically comment on when Airtel would start charging a premium for its 5G services, but conceded that the current high levels of data consumption — in the present 5G at 4G rates scenario — would automatically decline once 5G services are priced in. Airtel’s 5G user base was at 72 million in the quarter ended March 2024, and the telco is adding around 2-2.5 million 5G users a month amid rising device shipments, he added.

Go Digit General Insurance Ltd, which launched its Rs 2,615 crore initial public offering (IPO) Wednesday, saw the retail portion of the issue getting fully subscribed by 1.45 pm. The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors. Here are the key highlights of the i

A pseudonymous developer at Solana-based Cypher Protocol has confessed to stealing approximately $300,000 worth of user funds and gambling them away.

Michael Novogratz, the founder of Galaxy Digital Holdings, a prominent digital-asset financial services firm, expects Bitcoin to remain in a relatively narrow trading range in the current quarter.

Robinhood Crypto’s customers in Europe can now stake their Solana holdings and earn rewards, thanks to a new program launched Wednesday. The platform also introduced a rewards program to attract new customers.

L&T: MOSL noted that the green shoots are visible and the ordering momentum is expected to gather steam in the post-election period and is resulting in valuation re-rating for the entire sector. L&T is focusing on increasing market share by targeting large-sized projects that require high technical qualifications. The brokerage expects consolidated revenue growth of 11% YoY, led by 12% YoY Core E&C revenue growth.

The world has witnessed a remarkable popularity of NFTs (non-fungible tokens) in the past few years. Across industries, these unique digital assets, backed by blockchain technology, have revolutionized how we perceive ownership and scarcity in the digital realm. NFTs have unlocked a new frontier of creativity and investment opportunities, from art and collectibles to music and gaming.

The Securities Commission Malaysia (SC), the country’s regulator, has approved the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.

The media industry is crumbling, and late-night comedy on television has less than half of the audience than it had a decade ago

₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band. The firm's investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma.

Digital asset investment firm BlockTower Capital faces a major setback after fraudsters compromised its main hedge fund.

banana peel that Indian banks were slipping on, recalling that in 2020, RBI had put restrictions on HDFC Bank for technological inadequacies. Another article about the cost of digital banking, while failing to highlight its significant benefits in reducing transaction costs and enhancing financial inclusion, quoted various bankers who put the technology spend of banks at around 10% of their overall expenses.

₹1,176.59 crore from anchor investors on Tuesday, May 14. The company issued 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share, as per the exchange filing.

Go Digit IPO, a significant financial event, has opened today. The public issue, which aims to raise ₹2,614.65 crore, will be open for bidders until 17th May 2024. This means the public issue will remain open from Wednesday to Friday.

₹40 lakh for them, which is higher than what a middle-manager gets in these banks," said Upasana Agarwal, partner for professional and financial services at ABC Consultants, an executive search and talent advisory firm. “Their job role will include working with banking domain leaders to train the younger workforce on AI modules." According to Vijay Sivaram, chief executive of Quess IT Staffing, there has been a 30-35% increase in hiring mandates for AI-skilled engineers across sectors over the past year-and-half. Some of the growing demand for AI-skilled employees may be fuelled by market hype, say recruiters.

₹1,600–1,800 crore in advertising revenue for Disney Star, the official media rights holder this season, similar to the previous tournament in Australia two years ago. Multiple media planners told Mint that the revenue figure will likely stay unchanged from the 2022 season despite the number of matches and teams being higher this time. This is because for the Indian audiences, some matches will start early in the morning, which could make it difficult for the broadcaster to grab eyeballs.

Paxos, a leading regulated blockchain and tokenization infrastructure platform, appointed Christopher Giancarlo, the former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors on May 14.