Digital Financial News

Location: Growth Hackers, 8th Floor, Brigade Metropolis, Garudachar Palya, Mahadevapura, Bengaluru, Karnataka 560048. Email: [email protected] Website: https://growthhackers.digital/ Foxymoron is a full-service digital advertising agency that is part of the Zoo Media network. It provides solutions for building future-ready brands on digital platforms through the integration of content, technology and media.

Google is investing 600 million euros ($640.62 million) in a new data centre in the Dutch city of Groningen, it said on Tuesday, adding the investment will create 125 new jobs. Since 2014, Google has invested more than 3.8 billion in data centres and related digital infrastructure in the Netherlands.

EQT Partners has announced a new leader for its fast-growing private wealth management business in the Americas.

March quarter results (Q4FY24) not providing any significant triggers for the stock. Understandably, growth has moderated in RIL’s retail business, a significant variable from valuation perspective forming a large part of the company’s sum-of-the parts. Gross retail revenues fell sequentially in Q4, following the festival season led bump in Q3.

Non-bank lender Shriram Finance Ltd (SFL) has launched digital-only recurring deposits and fixed deposits, which can be subscribed through the Shriram One App and the official company website, effective April 22.

Banijay Asia and Sporting Beyond have announced a strategic partnership aimed at redefining the landscape of cricket entertainment through content and live events. Reportedly, this collaboration is set to explore ways of merging cricket and entertainment, together called cricketainment. 

The United States Internal Revenue Service (IRS) has recently  released a draft of Form 1099-DA  for reporting income derived from digital asset transactions. 

Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions. Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release. The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businesses, it added.

₹2,64,834 crore ($31.8 billion). However, profit after tax (PAT) remained almost flat at ₹21,243 crore ($ 2.5 billion) against ₹21,327 crore in the same quarter last year. Also Read: Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore ($ 5.7 billion) with all businesses contributing strongly.

Digital asset investment products have faced another week of outflows, marking the second consecutive week of declining investor interest. 

Rituparna Chakraborty, Co-Founder, TeamLease, says “artificial intelligence, automation, robotics, will get into every aspect of our lives and the way we do things even in our workplaces. But having said that, it does not mean that all jobs are going away. It is a call to action for all of us that the kind of skill sets that we are empowering our youth with, definitely needs to be changed, which means there will be demand for higher skill sets. So, the skill sets with which kids are able to find jobs, is not how it is going to be for our youth for the next five years or the decades that we will see. The sooner we prepare ourselves for this inevitable outcome, the better it is.” What is the story? I have always seen that a sector like IT only hires, hires, hires, and hires. Now they are not hiring. Rituparna Chakraborty: We have gotten so used to the technology sector being a net employment generator for the economy that on the face of it, it seems disappointing and shocking to some extent.

Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us take the margin up. We still stand by our aspiration of growing the margins by 200 to 300 basis points over the next two to three years.” Your conference call commentary was that your FY25 margins will be similar to FY24, but that has missed Street expectations. What are the headwinds or are you being conservative? Sandeep Kalra: From a margin perspective, what we are saying is this. The margin has to be looked at in the context of the revenue growth that we deliver. So, if we are going to be looking at a revenue growth which is somewhere in similar lines as what we have done in this year, that is what our aspiration is, then at that point in time you have to optimise for one or the other.

Dev Patel’s action-packed directorial debut, Monkey Man, is headed to digital platforms for home viewing after struggling to make waves in theaters. The film draws heavily from Indian mythology. Box Office Performance

The fourth bitcoin (BTC) halving event occurred Friday evening without much immediate effect on its price, though by Monday the cryptocurrency was trading higher at above $66,000. A sudden spike in Bitcoin network transaction fees around the halving was observed and that was credited to the launch of Runes, a new meta protocol for issuing tokens on top of the Bitcoin blockchain.

In the latest Bitcoin price prediction, the cryptocurrency has climbed to $65,225, marking a 1.50% increase on Sunday.

obscene campaign against Left candidates. A caricature, published along with the report, features photos of Kerala Pradesh Congress Committee President, Leader of Opposition in Kerala, UDF Candidate of Vadakara Lok Sabha constituency, and others holding a digital device, indicating that they were spreading «extremely derogatory morphed porn videos», it alleged.

Bitcoin software update called the «halving» has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions. The modification went into effect as of 8:10 pm Friday evening New York time, according to data from analytics website mempool.space and Blockchain.com. The price of Bitcoin was little changed near the $64,000 level following the halving.

Referencing the decline in cash transactions, Breeden said that although a retail CBDC must be explored, Breeden firmly believes that “as technological innovation takes place, we must not forget the contribution that retail central bank money has made to monetary and financial stability.”

InterGlobe Enterprises and technology industry veteran C P Gurnani have come together to launch an artificial intelligence business venture AIonOS. The joint venture was announced by Rahul Bhatia, Group Managing Director of InterGlobe and Gurnani, Executive Vice Chairman of AIonOS in the national capital on Tuesday. InterGlobe is a diversified group with focus on travel, transportation, logistics and hospitality. The country's largest airline IndiGo is part of it.

Ensurity Group, a cybersecurity company specialising in digital identity, authentication and data protection solutions, to expand cybersecurity services across India, ASEAN, and MEA regions. Both Versasec and Ensurity are members of the Microsoft Intelligent Security Association (MISA) and the FIDO Alliance. “We are looking forward to this strategic partnership with Ensurity Group. By combining Versasec's expertise in identity and access management with Ensurity's innovative cybersecurity solutions, we plan to empower organisations across India, ASEAN, and MEA regions to bolster their defenses against evolving cyber threats,” Joakim Thorén, CEO and founder of Versasec said.

The new app pays users to watch videos.