Digital Financial News

The Securities and Exchange Commission is closing a loophole that let some advisors register with the federal regulator as RINOs – robo-advisors in name only – by amending an old rule.

As fans flock to theaters to witness the epic clash between Godzilla and Kong, anticipation is at an all-time high for what promises to be an unforgettable cinematic experience. With Wingard at the helm, «Godzilla x Kong: The New Empire» sets the stage for an epic battle that will leave a lasting impact on audiences worldwide.

—Name withheld on request In today’s digitally interconnected world, our reliance on online transactions for personal and business purposes exposes us to increasing cyber threats. As an entrepreneur dealing with multiple online transactions, your concerns are valid. Safeguarding this private and sensitive data is imperative.

In the ever-evolving world of cryptocurrencies, where fortunes can be made and lost in the blink of an eye, the whispers of whales reverberate like thunderclaps across the digital landscape. 

Prepare to witness a game-changing event in the world of cryptocurrency and healthcare innovation as Healix Protocol unleashes its highly anticipated HLX Token Presale. This groundbreaking opportunity isn’t just another token sale—it’s a significant shift that promises to redefine the way we approach both finance and healthcare. Join us as we delve into the transformative power of HLX and discover why investors and healthcare enthusiasts alike are flocking to this revolutionary project.

NEFT transactions may get delayed/ may not be available on 1st April 2024 due to financial year-end procedures. We request you to please complete your transaction using IMPS, RTGS or UPI during this period. We regret any inconvenience this may cause," HDFC Bank said in an email to its customers.

However, the percentage of stocks closing below the 30-day low increased to 9% from 2% last week which is indicating that the recovery that we have seen lately among the SMIDs is yet to become broad-based, he said.

cyber fraud, the Reserve Bank is considering establishing a Digital India Trust Agency (DIGITA) to stop the mushrooming of illegal lending apps. The proposed agency will enable verification of digital lending apps and maintain a public register of verified apps, sources said. Apps not carrying the 'verified' signature of DIGITA should be considered unauthorised for the purpose of law enforcement, sources said, adding that this will serve as a pivotal checkpoint in the fight against financial crimes in the digital realm. DIGITA, once in place, would be entrusted with the responsibility of vetting digital lending apps, they noted.

The Economist’s parent company.) Trustbusters are not blind to these developments. Regulators on both sides of the Atlantic are already probing some of the recent tie-ups that fall short of full acquisitions.

Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 units. Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade. «Even if the sales grow by around 10 per cent and we do not face issues like disruptions like issues with global supply chain, we (industry) could cross the 50,000 volume mark in a year for the first time ever in 2024,» Dhillon told PTI in an interaction.

Reliance Industries Ltd has made substantial investments exceeding USD 125 billion over the past decade, primarily focusing on the expansion of its hydrocarbon and telecom sectors, according to a recent report. This investment spree, which included approximately USD 30 billion between FY13-18 to enhance the scale and competitiveness of its oil-to-chemical (O2C) business, and close to USD 60 billion between FY13-24E in 4G/5G capabilities for its telecom business, is now transitioning into a phase of less capital-intensive ventures. With the completion of the pan-India 5G rollout and potential tariff hikes in the telecom sector anticipated, Reliance's telecom business is poised to become a robust free-cash-flow (FCF) generator, complementing its existing cash cow O2C segment. Looking ahead, the conglomerate is shifting its focus towards relatively less capital-intensive ventures such as retail and upstream new energy, which offer higher returns and shorter gestation periods.

brands in India focusing on Generation Z are increasingly including Snapchat in their advertising strategy, as they look to use the appeal of the platform’s filters and visual-first approach to nudge buyers in this age group to spend more. Although Instagram and YouTube remain the platforms of choice for mass digital advertising, Snapchat is increasingly becoming the social messaging app that brands are using to focus on Gen Z, or people in the age group of 12 to 27 years. «I see more and more brands which are targeting Gen Z utilising Snapchat in their advertising strategies, especially brands like Tira, Lakme and MamaEarth,» Srikant Rajasekharuni, CEO and co-founder of Red Matter Technologies (RMT), told ET. India has Snapchat’s largest audience. In May last year, Snapchat had said its monthly active users in the country had topped 200 million. India also leads as the country with the largest Snapchat advertising audience, ahead of the US, Pakistan, France, and the UK, according to WARC's latest platform report. «Snapchat has emerged as one of the best platforms to reach out to Gen Z in a captivating manner, not just for impressions sake but because of all their engagement tools, such as filters, which is why it is becoming more important in the media and advertising mix of brands,» Rajasekharuni said.

Spain’s privacy watchdog has ordered for Worldcoin, the company created by OpenAI CEO Sam Altman that scans eyeballs to make digital IDs in exchange for cryptocurrency, to cease its operations in the country for three months amid concerns over what it is doing with users' personal information.

Digital asset bank Custodia Bank has been denied a U.S. Federal Reserve master account by the United States District Court for the District of Wyoming. 

In the ever-evolving world of cryptocurrency, memecoins have emerged as a force to be reckoned with. These digital tokens, often inspired by internet memes or cultural phenomena, have captured the imagination of investors worldwide with their meteoric rises and unpredictable price movements. Among the latest contenders in the memecoin arena is HUMP, the newest Solana-based token poised to hit a $100 million market cap faster than its predecessors, Book of Meme (BOME) and Dogwifhat (WIF).

Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions

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JSW Steel on Saturday announced commissioning of a hot strip mill at its integrated steel plant in Vijayanagar, Karnataka. The company has also made first dispatch of steel products from the mill having an annual capacity of 5 million tonnes (MT), JSW Steel said in an exchange filing. "JSW Vijayanagar Metallics Ltd (JVML), a wholly-owned subsidiary of the company, today successfully commissioned its hot strip mill (HSM) at Vijayanagar plant with a capacity of 5 MTPA and has made its first dispatch," the company said. The HSM facility has the capability of manufacturing plates and coils and is equipped with advanced features such as digital reheating furnaces, evaporative cooling system and waste heat recovery system, among others.

Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped by strong sales and an improved product portfolio. Revenue jumped nearly 10% from a year earlier, to 704.2 billion yuan ($97.4 billion).

President Joe Biden's reelection campaign is raising gobs of cash. And it has an election-year strategy that, in a nutshell, aims to spend more — and spend faster. Not only has Biden aimed to show himself off as a fundraising juggernaut this month, but his campaign is also making significant early investments both on the ground and on the airwaves — hoping to create a massive organizational advantage that leaves Republican Donald Trump scrambling to catch up. But while the money pouring in has given Biden and the Democrats a major cash advantage, it's also becoming clear Biden will need it. Throughout his life in business and politics, Trump's provocations have earned him near limitless free media attention. Biden, meanwhile, has often struggled to cut through the noise with his own message despite holding the presidency.

Dear CHIEF STRATEGY ARCHITECT—As the corporate philosopher behind one of the world’s most illustrious consultancies, you well know how tough business has been lately. Only two years ago you were reaching for the stars. Clients jolted by the covid-19 pandemic sought you out as a supply-chain savant and a doyen of digital businesses.