Digital Financial News

₹1,176.59 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company allocated 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share.

The DLR platform taps distributed ledger technology to offer Broadridge clients intra-day, overnight and term repo capabilities.The partnership will be the first time that JPM Coin - developed by JP Morgan's blockchain unit Onyx - will provide settlement capabilities to an external digital platform. JPM Coin will be available by June.JP Morgan argues that, given the lack of “cash-on-chain” solutions in the industry today, it could act as a framework for other cash settlement solutions for other digital platforms.

content is taking centre stage on over-the-top (OTT) platforms in India as streamers look to ape the traditional TV model of offering diverse content slate that caters to different age groups and demographics, amid the summer vacation for schools and colleges. With a fan base of 180 million and growing, India is poised to become one of the most significant markets for anime content in the world after China even as the global popularity of anime, which has its roots in Japan, is on the rise. Anime market in India is projected to grow at a compounded annual growth rate (CAGR) of 13% from 2024 to 2030, driven by factors such as Japanese pop culture, global media exposure, and demand from millennials and Gen Zs, as per the US-based Grand View Research.

tech job market and vanilla coding skills going out of vogue, demand for software engineers trained in emerging technologies is on the rise, industry experts said. An estimated 9-10 lakh additional jobs for skilled engineers will be created in the next 18 months to keep pace with the escalating demand amid rapid digitisation across tech and non-tech sectors, according to data from staffing company Teamlease Digital.

cyber criminals posing as police or other law enforcement agencies. The ministry said this is an organised online economic crime operated by cross-border crime syndicates. Across the country, several victims have lost large amounts of money to such criminals, it said. «A large number of complaints are being reported on National Cyber Crime Reporting Portal (NCRP) regarding intimidation, blackmail, extortion and 'digital arrests' by cyber criminals posing as police authorities, Central Bureau of Investigation (CBI), Narcotics Department, Reserve Bank of India (RBI), Enforcement Directorate and other law enforcement agencies,» the MHA pointed out in its statement. Elaborating on the modus operandi of these fraudsters, the ministry claimed that they typically call a potential victim and inform that he or she has sent or is the intended recipient of a parcel, which contains illegal goods, drugs, fake passports, or any other contraband item. Sometimes, they also inform that a near or dear one of the victims has been found to be involved in a crime or an accident and is in their custody. The fraudsters will then demand money to compromise the 'case', the ministry elaborated.

India's Ministry of Agriculture and Farmers Welfare, Google Arts & Culture today launched a new digital exhibit, "Millets: Seeds of Change," said Google Arts and Culture in a media release. «The digital exhibition highlights the history of millets from ancient grains to modern-day superfoods, as well as their nutritional benefits, contribution to global climate resilience, and potential to address global food security challenges,» the release added. Launching the exhibit at Krishi Bhavan, Manoj Ahuja, Secretary, Department of Agriculture and Farmers Welfare said,“When India spearheaded the UNGA resolution to declare 2023 the International Year of Millets, we did so with the objective of sharing our agricultural practices and experiences with the world. We were gratified to see ‘Shree Anna’, which holds immense potential for multiplier impact — including offering India’s small farmers a doorway to prosperity — receiving interest during the global G20 Summit. Our hope and ambition is that the conversations that have been generated over the past year translate into the advantages of millets spreading farther and wider.”

HDFC Bank spends 6-7 per cent of its overall expenses on technology-related aspects every year, a senior official said on Tuesday. Parag Rao, HDFC Bank head for payments and consumer finance, said the bank has been investing in digital capabilities amid "cloudification", where tasks are moved to the cloud. The comments come amid greater regulatory scrutiny on the technology front. «We spend about 6-7 per cent of our overall expenses on technology,» he told reporters here on the sidelines of a digital credit card launch of the bank.

A part-time job for the summer is a great way for students and others seeking to top up their income, but while there are plenty of legitimate options, some could lead to serious consequences.

NEW DELHI : Nigeria’s decision in February to devalue its currency for the second time in eight months as part of what are seen as market-friendly reforms have ended up severely hurting Bharti Airtel Ltd. Factoring out its African operations, however, India’s second-largest telecom services provider rang in improved financials for the March quarter, as it added nearly 8 million new subscribers while reducing customer churn. Bharti Airtel reported foreign exchange losses of ₹2,544 crore from its African subsidiary, which contributed to dragging down its fourth-quarter consolidated profit by 31% to ₹2071.6 crore.

Telecom major Bharti Airtel on Tuesday reported a 31% fall in its consolidated net profit at Rs 2,072 crore for the quarter ended March 2024. This compares with Rs 3,006 crore profit in the previous year's quarter. The profit missed the Street estimates by a wide margin, which saw the figure around Rs 3,274 crore.

May 2024 – AI gone-rogue Web3 game Shutdown has announced its partnership with Web3 gaming platform, Immutable. The partnership will see Shutdown launch on Immutable zkEVM, powered by Polygon.

Animoca Brands Japan and Quidd will launch digital collectibles of the popular manga “FAIRY TAIL.”

TRLab’s Audrey Ou’s exploration into the future of digital art, NFTs, and technology

Shares of Zydus Wellness jumped 3.8% on BSE to hit their fresh 52-week high of Rs 1,750.20 after reporting a 4% year-on-year (YoY) increase in profit after tax of Rs 150.3 crore for the fourth quarter ended March 2024. The company’s board also declared a dividend of Rs 5 per share. The record date has been fixed as July 19 to determine the list of shareholders entitled to receive the final dividend for the financial year 2023-24.

Go Digit Insurance will open for subscription on May 15 and close on May 17. Through the public offer, the company plans to raise around Rs 2,615 crore. Here are 10 things to know about Go Digit IPO before subscribing to the issue.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, crossed the ₹5,000 mark in today's trade to hit a new all-time high of ₹5,045 apiece by gaining 3.2%. The stock's surge today has propelled it to achieve a 93% gain over the past year and 105% increase over the past two years. Starting from its low of ₹2,146 per share in March 2022, the stock is currently trading at a remarkable 134% increase.

Coforge was the top loser in the IT space in 2024 YTD, down 28 percent, followed by LTIMindtree, down 26.5 percent. Meanwhile, other mid-cap IT stocks, Mphasis, L&T Tech, Persistent Systems also shed 17 percent, 14 percent and 8.6 percent, respectively. Among largecaps, HCL Tech fell the most, over 10 percent, while, Infosys, Wipro, and Tech Mahindra lost 7.8 percent, 3.5 percent, and 1 percent, respectively.

Trust is at the core of the diffusion of any innovation in any sector, particularly so in the case of technology. If this trust is compromised, diffusion will fail, no matter how useful it is. In today’s age of digitally generated deepfakes, the old adage “seeing is believing" is under siege.

MUMBAI : In a first-of-its-kind move, Tata Play, India’s leading direct-to-home (DTH) company, has partnered with Amazon Prime to enhance the offerings for Tata Play DTH and Tata Play Binge subscribers by providing expanded access to Prime Video's extensive online content library. Under this partnership, Tata Play will make offer Prime Lite subscription packages through its DTH as well as Binge packs.

₹127 each on BSE SME, indicating a premium of 3.25% over the issue price of ₹123. However, the stock jumped to Rs. 137 right after the listing, indicating a 11.38% jump over the issue price.

The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.