Digital Financial News

As the financial market especially Cryptocurrencies, continues to enthral investors with its volatility and promise for large profits, strategic insights become vital tools for navigating the turbulent waters of digital asset trading. Amidst the 2024 bull run, a prominent trader has come forward with advice that goes against the grain. He advises caution when it comes to two well-known cryptocurrencies, Polygon (MATIC) and Cardano (ADA), while also drawing attention to a lesser-known area of the market: small-cap coins that are priced under $0.05. This trader, who is well-known for his insightful views and effective tactics, has drawn notice for holding an opposing position on two well-known coins: Polygon (MATIC) and Cardano (ADA). Despite their enormous popularity and good fundamentals, this trader suggests exercising caution when contemplating these assets during the current bull run and navigating investors to see the potential in Hump (HUMP), a small-cap coin that has all the ability to be a 1000x coin during the bull run.

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. 

Bitcoin  has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021. 

Every year, the Centre announces dearness allowance (DA) hike twice: usually in March and again in September or October. However, more than one crore central government employees and pensioners are given the hike effective January and July every year, along with arrears.

WHEN a salaried employee switches jobs, her provident fund (PF) balance will now get automatically transferred to the new employer without any documentation. The account will get seamlessly transferred the moment the new employer deposits the PF contribution from the employee’s first month’s salary.

Two non-bank lenders, Bajaj Finance and Shriram Finance, have recently hiked interest rates by up to 60 basis points (bps) on their fixed deposits (FDs) for various maturity tenures.

Under the terms of the deal, LBBW will take on Bitpanda's 'investment-as-a-service' infrastructure to store and procure cryptocurrencies.

Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.

Specifications of Yale Tye Digital Door Lock Reasons to buyReasons to avoid The QUBO Smart Door Lock from Hero Group is a versatile security system with 5-way unlocking options. What do you get with this lock? Fingerprint recognition, PIN code access, RFID cards, Bluetooth mobile app control, along with a mechanical key for backup.

Finance Minister Nirmala Sitharaman says: “Whether it is aimed at employment or not, it is certainly aimed at helping the MSMEs and the small ticket loan seekers. The small ticket loan seekers are the people who cannot give collaterals at all. We had extended a lot of help for them.” Excerpts from the interview

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.

K Krithivasan, CEO & MD and NG Subramaniam, COO, TCS, in conversation with ET Now. Krithivasan says: “This quarter we started talking about both AI plus generative AI pipeline, it is about 900 million for us. The revenue numbers, once it becomes material, we would start declaring that number also. But that revenue would be not only directly what you do using generative AI. So much work needs to happen in terms of getting the data ready, in terms of cloud migration as is required. Generative AI is going to have a long tail of other kinds of related work that needs to happen. Subramaniam says: “I would agree, except that one more thing I will add is that we are growth, efficiency, innovation or AI innovation, all happening at the same place, at the same time, and in a way that we are running a marathon and a sprint at the same time.” Is growth back? K Krithivasan: We have been looking at our TCV for the last four quarters. We have been reporting very impressive TCV and we believe that with this TCV, growth has to come back. But we do not know whether it will come in Q1 or Q2. I do not want to make that call. But overall, we believe FY25 would be a better year than FY24.

Digitisation is among the foremost requirements in the present era for MSMEs to communicate with customers and vendors quickly and easily. It ensures high levels of productivity. Adoption of digital tools also increases cost efficiency and eases customer management. Using social platforms such as Instagram and WhatsApp for customer inquiries has become commonplace today for interactions with end users, say industry stakeholders.

Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.” Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”

Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms.

Mumbai: Disney Star has rationalised ad rates for the ICC Men's T20 World Cup 2024, compared to the previous edition held in 2022. The tournament is slated for June 1-29 in the United States and West Indies. On TV, the broadcaster is seeking ad rates of over Rs 6.2 lakh per 10-second spot from sponsors and Rs 6.4 lakh per 10-second spot from spot buyers. For just India and playoff matches, the 10-second rate goes up to Rs 35 lakh and Rs 18 lakh on mobile and CTV, respectively. Disney Star owns both TV and digital rights for ICC events in India.

Indian firms are likely to step up mergers and acquisitions (M&As) this year, with deals worth $75 billion estimated in 2024 against about $60 billion last year, said Ganeshan Murugaiyan, head, corporate coverage and advisory, BNP Paribas, India. In an interview to ET, the veteran investment banker pointed out acquisition opportunities in areas where geopolitical volatility had rendered some industries uncompetitive. Edited excerpts: The previous year was a lean one for M&A activity everywhere. What are clients saying about 2024? Last year, volumes were down almost 30-35% from what we saw in prior years. There were many factors, but if you look at 2024, the momentum is building up quite a bit. One is that clearly you have a lot of M&As within India. When I say domestic, a big component which has got added now is private equity. In a lot of assets, controlling stake by private equity may change hands this year. In India, my guess is that M&As should be somewhere around $75 billion versus around $60 billion last year.

₹4,600 crore in 2022 to about ₹4,000 crore in 2023, with Star receiving a majority of the revenue, Mint had earlier reported. But this year too, advertising rates have been sluggish so far. Company budgets and other external factors like the general elections and the upcoming ICC Men's T20 World Cup in June have resulted in less spends on advertising for this season, said Sandeep Ranade, executive vice president and head of quantitative research division of Hansa Research.

AI fashion modeling is on the rise but its use has complicated implications for diversity

NEW DELHI : Snap India has appointed Saket Jha Saurabh as director of content and partnerships. Saurabh previously served as director and head-media partnerships at Meta Platforms Inc., before which he was director and head of the social media giant’s entertainment and music partnerships. Saurabh, a graduate of The Hong Kong University of Science and Technology, has also served as business head of digital at Bloomberg.

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