Digital Financial News

Businesses and wealthy Canadians will be paying higher taxes but Canada’s largest banks and pension managers were most likely breathing a sigh of relief when they read Finance Minister Chrystia Freeland’s latest federal budget, which lays out next steps for competitive “open” banking and persuading pensions to invest more of their billions at home.

Samsung India wants to notch up Rs 10,000 crore sales from the television business in India in calendar 2024 while expanding the production and local value addition in the country, senior vice president (visual display business) Mohandeep Singh said. At present, Samsung locally produces 90% of televisions it sells in India. Talking to ET on the sidelines of the company’s launch of new AI televisions on Wednesday, Singh said the company has embarked on an ambitious plan to become the first television manufacturer to clock Rs 10,000 crore revenue milestone in India.

Infosys is likely to have gone through another tough quarter in terms of earnings growth, as lower sales and weak discretionary spending weighed on the overall performance in the three months ended March. For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.

Also Read: Empowering the matriarchs: How women take the lead in joint financial decision-making Empowerment begins with knowledge, and various platforms dedicated to financial education are leading the change in providing women with the tools and resources they need to thrive financially. By offering insights into budgeting, investing, and wealth creation, these initiatives are equipping women with the confidence and skills to make informed financial decisions, laying the foundation for long-term financial security.

The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.

Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency. 

As per past trends, ICAI usually releases admit cards nearly 15 days before the exam commences. The CA May 2024 exams are scheduled to be held in offline mode from May 2 to 17, 2024. Applicants appearing for the intermediate and final level exams are advised to keep a close eye on the ICAI website and eServices portal for the official notification and download link.

workforce in global capability centres (GCCs) is expected to increase to 35% by 2027 from 25% now, according to a new report by tech staffing and solutions provider TeamLease Digital. The report, titled ‘Women at the Heart of India’s Digital Evolution, explores aspects of the total female tech workforce in India, women’s employment in GCCs and in non-tech sectors, city-wise trends of women workforce expansion, in-demand and futuristic tech roles for women, and challenges faced by women in tech.

The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.

Furthermore, Canon DSLRs have democratized photography, empowering enthusiasts and professionals alike to unleash their creativity and express their unique perspectives. The accessibility of Canon's DSLR lineup, coupled with its intuitive controls and user-friendly interfaces, has made it easier than ever for individuals to immerse themselves in the art of photography and capture moments with authenticity and precision. As a result, Canon DSLR cameras have not only changed the way we see the world but have also empowered us to share our stories and experiences in richer, more meaningful ways.

₹70 crore from Z3Partners as part of an extended Series D round, the company said on Tuesday. In January, Wow! Momo had secured ₹410 crore in Series D funding, led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and existing investor OAKS Asset Management, at a post-money valuation of nearly ₹2,460 crore. “This investment, which marks a continuation of the last round, is a primary investment by Z3Partners, an early-growth tech and digital investor," Wow! Momo said in a statement.

Tata Communications, ICICI Lombard, Angel One among others. The boards of Tata Communications and ICICI Lombard will also consider paying a final dividend to investors along with the fourth quarter results. Some other companies which will also declare their results later today include Just Dial, Hathway Cable, DRA Consultants, Hardcastle, Infomedia Press and KCL Infra.

UPI) are being nudged by digital payments network manager National Payments Corporation of India (NPCI) to invest and incentivise consumers. This is primarily aimed at getting users to transact through these new platforms, in order to reduce the risk from high concentration of transactions on the PhonePe and Google Pay platforms that control around 85% market share, three companies told ET.

In an interview with ANI, he noted that India, ever since the COVID-19 pandemic, has witnessed consistent growth at 7 per cent plus. He predicted that India will have 8 per cent growth in the fourth quarter and called it «good» growth considering the current global economic situation. Asked where India stands amid the current global economy, he responded, «I think India will continue to be the driver for global growth in the foreseeable future. The maximum sort of contributor to global growth. I expect growth in India to be consistently above 7 per cent in this decade. You would recall back in September 2021, when I was with the government as well. I predicted that India will emerge out of COVID with 7 per cent plus growth. So I continue to maintain that assessment.»

Joe Duran told growth-hungry RIAs to home in on what he believes is the biggest gap in the industry right now – stagnant organic growth.

Calcutta High Court has passed an interim order in the case between NYSE-listed UpHealth Holdings and Kolkata-based Glocal Healthcare Systems. The high court has asked Glocal's promoters and shareholders, including former Sebi chairman M Damodaran to file affidavits of their assets and disclose their liabilities. The court also rejected Damodaran's plea to be absolved from any liability in the case. UpHealth, a digital health company, acquired a 95% stake in Glocal in 2020. The dispute started after UpHealth claimed their right to two directors on the board of Glocal as per the share purchase agreement (SPA) in September 2022, which was defeated in an extraordinary general meeting (EGM).

Since November, Crypto.com has already brought in 700 people, with plans to add 500 more in customer services roles and 200 in corporate positions, CEO Kris Marszalek tells Bloomberg. The spree comes as the sector rebounds from a crypto winter that saw many major firms take an axe to their workforce amid the FTX collapse fallout and wider economic headwinds. In January 2023, Marszalek singled out the FTX debacle when announcing that Crypto.com would reduce its headcount by 20%.

Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser

1. MI 80 cm (32 inches) A Series HD Ready Smart Google TV Enjoy your favourite shows and movies in stunning HD Ready resolution with a crystal-clear display and HDR 10 support for vibrant visuals. With a refresh rate of 60 Hz and a wide viewing angle of 178 degrees, every seat in the room becomes the best seat.

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