Digital Financial News

Mint had reported that Accenture, which earns twice as much as TCS in annual revenues, had taken a swipe at TCS’s digital offerings under Business 4.0, via its digital solutions platform, Accenture X.O. “Stop playing catch-up and start applying digital at the core of your business to reinvent for a new era of industry. Go beyond Industry 4.0: If you think Industry 4.0 is the epitome of industrial digitization—think again.

artificial intelligence (AI) adoption in key industries across India reached approximately 48% in FY2024, with expectations to expand by an additional 5-7% in FY25, data from staffing firm Teamlease Digital showed. “Nearly 75% of organisations across various sectors are actively considering integrating AI into their operations within the next year,” Krishna Vij, business head, Teamlease Digital, told ET.

government is planning a unified portal to list all its digital public goods (DPGs) such as Aadhaar, Unified Payments Interface and Open Network for Digital Commerce in one place to provide easy access to all the apps and services, said people with knowledge of the matter. The electronics and information technology is likely to be tasked with creating the portal and coordinating with all the ministries and their respective departments and agencies to detail the digital public infrastructure (DPI) created by them, said a government official, who did not wish to be identified.

European business leaders don't seem much concerned about the prospect of another Trump presidency. Some even view it optimistically. Not even Trump's expected unilateral trade moves seem to alter the equation much. In fact, such a move on Trump's part could provide European business leaders with political cover to help them justify shifting production out of Europe. Motivation to shift capital and production out of Europe go well beyond the oft-cited lower cost of energy. To the West, labour productivity in the US on average grew 0.8 percentage points faster a year between 2008 and 2023 than in the eurozone. To the East, there is high growth potential and associated investment opportunities.

Leading financial institutions on Wall Street are shifting their focus towards industrializing proofs-of-concept (PoCs) developed within the blockchain experiment known as Project Guardian.

TBO Tek is likely to finalise the share allotment on Monday. The issue was booked over 80 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's website. Firstly, here's how you can know the status on the BSE

IPO, Aadhar Housing Finance is likely to finalise the share allotment tomorrow. The issue was booked nearly 26 times at close. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's website.

At a time when the world is grappling with shifting global narratives and macroeconomic challenges, India is experiencing a remarkable transformation. Strong demand, resilient supply chains, relentless innovation, rapid digitization at scale, energetic entrepreneurship and a conducive policy-and-investment climate are shaping a new wave of global optimism over India. From governments across Europe and the US to power centres in the Global South, India’s name resonates in discussions on alliances and strategic partnerships.

₹34 billion by 2026, from ₹19 billion in 2023, as businesses increasingly turn to social-media influencers to drive sales and deepen brand connect, a recent Ficci EY report said. While Instagram and YouTube are the platforms of choice, smaller platforms such as Snapchat will also increasingly be used to reach out to niche audiences.

₹65 in the grey market, according to market observers. This indicates that the anticipated listing price for Go Digit IPO shares could be ₹65, representing a 23.9 percent increase over the IPO price of ₹337. Also read: Go Digit IPO: At ₹7 crore, Virat Kohli, Anushka Sharma to make multibagger return of 263% on issue launch According to investorgain.com, the lowest Grey Market Premium (GMP) for the Go Digit IPO stands at ₹50, with the highest GMP reaching ₹70.

India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.

rally, Paytm shares remain in the sell-on-rise category as selling is expected at higher levels, says Rupak De, Senior Technical Analyst at LKP Securities. “Therefore, sellers might return at those higher levels. On the other hand, a short-term trader might consider buying this stock with a stop loss at Rs 334 for an upside target of Rs 368/390,” he says.

Akshaya Tritiya or Akha Teej is considered as an auspicious day for buying valuable assets, be it gold and diamond jewellery, vehicles or real estate. It is believed that purchasing these assets on Akshaya Tritiya ushers in good luck, success and prosperity in various facets of life. Among all these assets, buying gold stands out as a timeless tradition because people can buy this precious metal even with small amount. In this digital era, gold buying pattern too has undergone a massive change. Now there are a range of options available for people to invest in gold such as digital gold, gold ETFs, gold bonds, apart from physical gold.

Earlier this week (May 9, 2024), Indian Space Research Organisation (ISRO) accomplished the significant achievement of conducting a successful hot test of a liquid rocket engine that was produced using additive manufacturing (AM) technology. The test lasted 665 seconds and involved the utilization of the PS4 engine, which is part of the PSLV upper stage. AM, also known as 3D printing, involves layer-by-layer material addition to create objects from digital models, allowing for complex designs and efficient material usage.

Akshaya Tritiya 2024: Akshaya Tritiya, a significant spring festival for the Hindu and Jain communities, is being celebrated today across the country. Buying precious assets, including gold, on this day has cultural significance. Traditionally, people have been buying physical gold on Akshaya Tritiya every year, but with each passing year especially in the wake of the arrival of new ways of gold investment, this pattern has been changing slightly.

Akshaya Tritiya is considered as an auspicious day symbolizing prosperity and good luck. It is said that an investment made on this day gives favorable returns, thus making it popular for buying gold and other precious assets.

Fintech platform Zeta has announced the launch of its ‘Digital Credit’ as a service offering.

Akshaya Tritiya is considered auspicious for buying valuable assets, including gold and silver, by Indians. Every year, the demand for gold rises ahead of Akshaya Tritiya or Akha Teej, which is celebrated across the country on the third day or ‘tritiya tithi’ of Shukla Paksha. This year, Akshaya Tritiya will be celebrated on May 10, 2024.

Also read | Cryptocurrencies are rallying again, but concerns remain The lack of regulation, however, places investors heavily at risk in this type of instrument. This risk is on top of the massive price volatility of crypto and the risk of hacking associated with it. An investor needs to register on the BitSave app, complete the customer verification requirements, and then deposit an amount in rupees via UPI, which will immediately be converted to USDT, which is also known as Tether, a cryptocurrency stablecoin, where the value of a digital asset is pegged to something like a fiat currency, in this case the US dollar.

gold loan market for raising funds, said CA Krishnan R, director & CEO of Unimoni Financial Services. «Though our major customers are farmers who avail loans during harvest season and close the loan when the harvesting season is over. We also have customers from retail traders, salaried middle class, self-employed and micro enterprises. Individual consumers are increasingly opting for gold loans to meet their needs, i.e. education, weddings, and medical expenses. Small businesses too have been showing increased interest in gold loans, as a secure means of raising working capital,» Krishnan said. He said that the upward trend in gold prices is also makes lenders’ portfolios safer because they can keep good loan-to-value ratios. Also, there has always been an affection for owning gold as part of our culture and coupled with increasing accessibility to gold loan services, sustains demand across diverse demographic segments. Additionally, going digital streamlines loan processes making them convenient besides reducing lenders’ operational costs while at it. All these reasons make India have a very strong gold loan market.

₹6,000 crore amid ongoing general elections in the country. Also read: Indegene IPO: What does GMP signal ahead of share listing on Monday? “What's noteworthy is the robust domestic inflow, particularly with retail investors showing keen interest in equity markets. This surge in retail participation is empowering issuers to confidently launch IPOs in May," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.