Digital Financial News

Union IT minister Ashwini Vaishnaw had told ET last week that the government is looking at introducing such an AI law.

IoT) devices, mobile device security, and digital education, a senior official told ET. These working groups, set up under the ministry of electronics and information technology, will look to develop and adopt guidelines and frameworks for “effective and efficient implementation of e-governance projects” of ministries and government departments, according to sources.

Naveen Tahilyani, who took charge in February as Tata Digital’s new CEO, is believed to have put a tight control on spends in the ecommerce business and has introduced greater accountability and sharper data-focused approach to operations, according to Tata group officials. Mandated to give momentum and executional heft to the digital ecommerce entity, Tahilyani is taking on a more hands-on approach, the officials said. Tahilyani, handpicked by Tata Sons chairman N. Chandrasekaran from the group's insurance business Tata AIA Life Insurance, is also bringing in a collaborative mindset to smoothen operational glitches and boost participation from group companies, company sources said.

The move is a further blow for the controversial initiative which has already been hit with multiple bans around the world.

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.

Price of the yellow metal rose 1.72% or Rs 1,198 per 10 gm from last Friday. Rising prices of precious metals come ahead of Gudi Padwa and Ugadi, the auspicious day on the Hindu calendar marking the beginning of New Year in certain parts of the country. The price surge has dampened mood among potential customers who prefer to buy gold to celebrate this auspicious day, which will fall on April 9 this year.

Apple proposal would comply with their order to let Spotify and other music streaming services inform users of payment options outside its App Store, the European Commission said on Monday. The iPhone maker risks antitrust charges and fresh fines if its proposal announced last Friday fails to satisfy the EU competition enforcer, which issued its order together with a 1.84 billion euro ($2 billion) fine last month

Microsoft is unbundling its video conferencing platform Teams from the Office suite after a European probe into anti-competitive practices. Bundling of apps is under regulatory scrutiny everywhere. But breaking up Big Tech might not be the magic bullet.

Mushoku Tensei: Jobless Reincarnation stands tall, weaving a captivating narrative that resonates with viewers.

Specifications of LAVNA Smart Door Lock LA28 Brand: LAVNA Special Feature: 6 ways to access Lock Type: Biometric, Keypad Material: Alloy Steel Item Dimensions(LxWxH): 6.5 x 6 x 24 Centimeters Colour: Black The LAVNA Smart Digital Door Lock offers advanced security features with fingerprint, Bluetooth, WiFi, OTP, PIN, RFID card, and manual key access. Its 360° fingerprint sensor enables rapid unlocking, and you can register up to 100 fingerprints. The built-in camera lets you see visitors before unlocking.

Demat Account: A demat account is primarily used for holding and trading securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in electronic form. It allows investor to buy, sell, and transfer securities seamlessly. Bank Account: A bank account is used for storing and managing money.

LCH will provide clearing through its new DigitalAssetClear service for cash-settled Bitcoin index futures and options contracts traded on the UK-based digital asset derivatives trading venue, GFO-X. Launching later this year, LCH DigitalAssetClear will operate a fully segregated clearing service - including a segregated default fund and a dedicated set of clearing rules - for market participants clearing these instruments.

An advisor with 20 years of financial services experience and a focus on real estate assets in client portfolios is the newest wealth manager at Savvy Advisors.

EU antitrust regulators are checking to see if an Apple proposal would comply with their order to let Spotify and other music streaming services inform users of payment options outside its App Store, the European Commission said on Monday. The iPhone maker risks antitrust charges and fresh fines if its proposal announced last Friday fails to satisfy the EU competition enforcer, which issued its order together with a 1.84 billion euro ($2 billion) fine last month

Stock to buy before Q4 results 2024: Shares of Tata Consultancy Services (TCS) witnessed sharp selling after Tata Sons stake sale news hit the headlines in mid-March 2024. However, TCS share price witnessed strong buying at lower levels ₹3840 to ₹3850 per share. After ending at ₹3,840 apiece on NSE on 27th March 2024, TCS share price has been ascending after every small profit-booking.

₹9 lakh (ex-showroom). Chairman Anand Mahindra has shared a teaser on X, providing a glimpse of what is to come with the XUV 3XO.

Muthoot Microfin, one of the few listed pure-play microfinance lenders, said that its assets under management grew 32% year-on-year while loan collection efficiency improved leading to improvement in profitability. The NBFC-MFI's (non-banking finance company-microfinance institution) AUM stood at Rs 12,194 crore at the end of March compared with Rs 9,208 crore a year ago. Loan disbursement during FY24 also rose 32% to R. 10,662 crore over the preceding fiscal. Its collection efficiency, a meric to assess the extent of loan repayment from ground-level borrowers, stood at 98.4%. The numbers are according to the provisional data submitted to stock exchanges.

Free Fire MAX, where players engage in battles against global adversaries, the allure of acquiring exclusive items such as diamonds, pets, skins, and outfits is undeniable. Thankfully, the revelation of redeem codes offers a lifeline, allowing gamers to procure these treasures without denting their wallets.

“Our equity funds focus on investing in quality stocks with a high growth generation ability aimed at multiplying your money 2x – 3x in 4 – 5 years,” says Vikaas M Sachdeva, MD, Sundaram Alternates. In an interview with ETMarkets, Sachdeva said: “We have set frameworks in place, 3Q – Quality of Business, Quality of Management & Quality of Management & 4 x 4 Wealth Multiplier Themes – Consumer Discretionary, Manufacturing, Phygital & Financial Inclusiveness,”. Edited excerpts: You have recently written a white paper on Quality vs Value. Can you tell us if one has an upper hand over the other? Vikaas M Sachdeva: In the past, stock analysis primarily focused on beta, the risk compared to the overall market. However, the Fama and French study introduced additional factors like size, momentum, low volatility, quality, value, and growth, expanding the discussion beyond beta.

Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project.

Irdai) has mandated all policies to be issued digitally, in line with regulations to protect policyholders’ interests. Policyholders must now dematerialise their policies by opening an e-insurance account (eIA). This allows management of all life, health and general insurance policies in one place. Insurance repositories This shift to digitisation is supported by four insurance repositories: CAMS, Karvy, NSDL Database Management (NDML), and the Central Insurance Repository of India.