Digital Financial News

Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India, said two people in the know. This comes after the shifting of PPBL’s retail point of sales business to RBL Bank and the settlement business for merchant payments to Axis Bank. Euronet is an American payment technology company handling backend settlement systems for several digital payment modes in India.

President Joe Biden has laced into Donald Trump over a failed project that was supposed to bring thousands of new jobs into southeastern Wisconsin

Crypto principal trading firm Arbelos Markets announced on Wednesday the successful raise of $28 million in an investment round that was significantly oversubscribed.

Walt Disney's maiden profit from streaming entertainment in Q2 may be short-lived as the segment is expected to experience a Q3 loss due to International Cricket Council (ICC) digital rights, which are held by Disney+ Hotstar. «We are forecasting a loss for entertainment direct to consumer (DTC) in the third quarter, the vast majority of which is due to Disney+ Hotstar's ICC cricket rights,» Walt Disney CFO Hugh Johnston told analysts during the earnings call for the March quarter. He added Disney+'s core subscriber growth is not expected to be significant in Q3, but sub-growth is anticipated to return in Q4.

Wednesday, May 08, 2024 – There’s not long left now to buy Solana’s greatest multichain good boy Dogeverse before his month-long presale concludes.

ALSO READ: Wall Street today: US stocks slip as Treasury yields rebound https://www.livemint.com/market/stock-market-news/wall-street-today-megacaps-drag-down-us-stocks-treasury-yields-rebound-11715174072617.html The loss per share was 21 cents on revenue of $1.86 billion, Shopify said in a statement on Wednesday. Subscription Solutions revenue was $511 million, a 34 per cent jump from a year earlier, helped by the price increases and more merchants using its services. Last year, Shopify shares had rallied more than 120 per cent.

rubber-stamp parliament, is under way in Beijing. The top leaders and thousands of delegates will attend for a week. So far the signals are not reassuring.

"Innovation, guided by a commitment to the environment and social responsibility, has the power to reshape our world. At CGI, corporate social responsibility isn't just a principle—it's integral to our identity. We urge our professionals to join us in addressing sustainability challenges through pro bono engagements, leveraging technology to create lasting solutions.

₹11,000. Deliveries of the vehicle are anticipated to commence later this month. As per the publication, the 2024 Maruti Suzuki Swift will be available in three primary variants: LXi, VXi, and ZXi.

A recent survey conducted by the Digital Currency Group and The Harris Group has revealed that  a majority of  Americans in swing states view the financial system as  “ outdated. ” 

Also read: IPL, elections are all fair game on illegal betting apps The study focused on brand-recognition dynamics during the league, and tracked about 130 brands in 25 product categories. Respondents were from the top metros and tier-2 cities including Kolkata, Lucknow, Delhi, Chandigarh, Ludhiana, Jaipur, Udaipur, Ahmedabad, Chennai, Surat, Mumbai, Pune and Hyderabad. Mahendra Singh Dhoni's popularity played a major role in making CSK a fan favourite.

₹39,900 for the 64GB storage variant with WiFi support. However, the same variant is priced at ₹34,900 after the launch of new iPad models. The iPad 10th Generation features a 10.9-inch multi-touch IPS LED display with a resolution of 2360x1640 pixels and a pixel density of 264 ppi.

Mint analysis of these firms—Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro and Tech Mahindra—revealed that revenue from the communications and media vertical was down nearly 3% from $8.49 billion in FY23 to $8.25 billion in FY24. Tech Mahindra was almost single-handedly responsible for this decline, having lost $320 million or 12.1% in annual revenue from telecom clients in FY24. A consensus of three analysts compiled by Mint projected a further downside of 3-5% in telecom revenue for the industry’s top five firms in FY25.

Dr Pawan Goyal, ED and Chief Business Officer, Naukri.com, says “the salary growth is expected to remain in single digits. This has moderated from the time period of 22 when the great resignation wave was underway. So, 6% to 7%, somewhere in that range is where we expect the salary growth.” We were in fact quite surprised to see the consumer side starting to witness high demand. Talk to us about that to start with from that side. Dr Pawan Goyal: If you look at the overall JobSpeak index, it has been flattish. It is minus three on a year-on-year basis and minus one on month-on-month basis. From a statistical standpoint, I would consider that flattish. Over the consumer sectors that are doing very well, is oil and gas; FMCG; travel, tourism, and hospitality; as well as auto. They have been consistently growing for several months at a time and April numbers are in line with that.

Narendra Modi is doing a phenomenal job in making India rise again and make a mark on the global stage, a Silicon Valley-based tech entrepreneur has said. «Objectively speaking, when you look at the sentiment in India or the sentiment globally about India, the only observation you have is that Mr Modi is doing a phenomenal job of making India rise again on the world stage,» Sandeep Bhat, the co-founder of Devicethread, a startup aimed at revolutionising the hospitality industry by connecting digital and physical infrastructure, told PTI in an interview. «That's my personal sentiment for sure. I cannot speak for TiE, but I am a big fan of Modi at a personal level, and I hope that his leadership takes India to the next stage in the coming years,» said Bhat, a board member of TiE Silicon Valley. Noting that India has witnessed a lot of development in the last 10 years, he said one «cannot deny» that India is making progress by leaps and bounds.

FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.

private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.

gold is the most popular way of owning gold, either in jewellery or gold coins. “Gold buying on this day is considered very auspicious by Hindus, especially though it brings wealth and happiness," said Ashish Aggarwal, Director, Acube Ventures Ashish Aggarwal points out that storing your investment in secure vaults reduces physical storage and transportation issues and protects it from theft and other risks. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold.

India’s central bank digital currency (CBDC) has had a test run since 2022 and it’s heartening to see it evolve. The e-rupee may soon be made accessible even offline, which will enhance its ease of use.

FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court.

The blockchain-based transaction will be carried out by a bookrunner consortium consisting of DZ Bank, Deutsche Bank, LBBW and Bankhaus Metzler, with Union Investments enlisted as an achor investor. Other investors will be brought onboard over the coming weeks with the transaction scheduled to be completed in summer 2024.