Digital Financial News

Investment Forum (TIIF) last week witnessed huge interests from global investors including from the Gulf leading to signing of agreements worth $26.6 billion.

OpenAI says it can now detect images spawned by its software—most of the time The penalties, covering sections 66C and 66D of the Information Technology Act, 2000; section 123(4) of Representation of People Act, 1951; and sections 171G, 465, 469 and 505 of the Indian Penal Code, could lead to several years of imprisonment and fines for the perpetrators. However, global enforcement of such regulations has so far been challenging, considering the evolving nature of AI and digital content.

QCP Capital, a prominent options trading desk for digital assets, has received initial approval to operate in Abu Dhabi, marking its expansion into the Middle East. 

Revolut X will compete with established exchanges by offering flat 0% maker fees and 0.09% taker fees regardless of trade volume. Users will be able to seamlessly switch from fiat to crypto, and back again, between Revolut X and their Revolut account. The desktop-only exchange offers real-time trading of 100+ tokens with market and limit orders.

Mint. Last month, Zee's board of directors approved a new organizational framework suggested by Punit Goenka, the managing director and CEO. Under this new structure, Goenka will take direct oversight of the domestic broadcast business and aims to enhance synergies across core business segments including broadcast, digital, movies, and music.

Ashok Leyland, the group’s flagship company run for decades with strong professionals, also recently said it will launch six new LCV truck models in the next 12 months. Both the above are in the realm of possibilities and indicate potential growth trajectories for the group. The contrast between the Hinduja Group’s past and its present form is striking and multi-faceted.

consumer business. Reliance Industries Ltd (RIL) is entering the consumer electronics and home appliances market with a new made-in-India brand Wyzr. RIL's retail unit, Reliance Retail, has just launched Wyzr air coolers and plans to extend the range to categories such as televisions, washing machines, refrigerators, air conditioners, small appliances and LED bulbs. Reliance Consumer Products (RCPL) has already been growing rapidly.

Mr Kshmendra Narain Wahal, Director Marketing, APAC, Belden

Brad Parscale, the digital guru behind Donald Trump's surprise 2016 presidential victory, has become an evangelist about the power of artificial intelligence to transform how Republicans campaign for office

The digital campaign operative who helped engineer Donald Trump’s 2016 presidential victory with the heavy use of Facebook ads is back working for Trump and is an evangelist for artificial intelligence

This year, as with nearly every recent election, questions were raised about the functioning of electronic voting machines (EVMs). While the Supreme Court upheld their use in elections, when asked if the source code of EVM machines could be released for open source use, it tersely shut down that line of argument, pointing out that if the source code is released, it would be misused. While I have no desire to wade into the debate over whether and how electronic voting machines should be used, I do want to unpack the Supreme Court’s somewhat offhand rejection of open source.

Web3 gaming has often been hailed as a “game-changer” for the video games industry, yet to date very few blockchain games have made their presence felt. But that could be about to change, as the legendary developer Ubisoft – creator of Ghost Recon, Assassin’s Creed and other hit titles – has just released a gameplay trailer of its first-ever blockchain-based game, Champion Tactics: Grimoria . 

science and art, NASA has unveiled a new visualisation that allows the public to experience a virtual journey near a black hole. Developed by astrophysicist Jeremy Schnittman at NASA's Goddard Space Flight Center, this tool combines scientific theory with digital imagery to explore one of the universe's most enigmatic phenomena.

Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core brands as well as food, Parachute and all and also the premium part of value-added hair oils.” The commentary around rural recovery is gaining ground. What has been your reading with respect to how things are on the ground right now, especially on the rural front? Saugata Gupta: Last year, it was a combination of two factors. Obviously, rural demand was stressed. The premium part of the portfolio continued to grow. Having said that, we also saw a little bit of moderation in urban growth towards the second half of the year. What we now see is a slight uptick in rural growth towards the end of the quarter. The second thing which also happened is, at least in our portfolio, there was a lot of deflation in pricing that happened, a combination of price drops we took on Parachute and Saffola, as well as significant shrinkflation that happened in the value-added hair oils portfolio.

Public mining companies have reported decreases in Bitcoin production ranging from 6% to 12% for  the month of  April following the halving event. 

iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

Shreyash Devalkar, Senior Fund Manager, Axis Mutual Fund, says “in the relative context, the three main segments by weight in the largecap are FMCG, private sector banks, and some parts of IT. Here the valuations compared to their pre-Covid level are not really elevated and that is where everyone is watching out for a turnaround. Any turnaround, whenever it happens, definitely is a good development for these sectors.” What are you making of the volatility which has suddenly sprung up? It has become a pattern almost that the day the markets hit a lifetime high, that very day they also fall quite a bit. Shreyash Devalkar: As far as markets are concerned, when it comes to the movement, which we have observed over the last 1-3 year basis is that most of the stocks are pricing in a lot of positivities and especially from the valuation perspective, they are at an elevated level in mid, small and a section of largecaps as well.

Only a small fraction of French crypto holders have declared their coins to the state, a report claimed – with the government set to take action.

Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.

women entrepreneurs or fempreneurs still face age-old challenges like unawareness about government financial schemes, dependency on family credits, informal borrowing, lack of digital literacy, and others during their journey to become job-creators. About 52% women entrepreneurs have access to financial credit, but 47% females are struggling with various challenges, according to latest data shared by fintech company Tide as quoted by Economic Times.

National Centre for Disease Control (NCDC) too has created a digital platform to record cases and deaths from heatstroke. According to the people aware of the matter, doctors at 120 government hospitals across 21 states will now directly upload data on the platform to help public health policymakers take informed decisions. The Health Ministry has listed out first aid measures for people to know when someone feels dizzy or uneasy.