Digital Financial News

Read more here In a recent discussion with Bill Gates, Prime Minister Narendra Modi highlighted India's strides in technology, focusing on digital empowerment, women's inclusion, and AI challenges. He explained how India has embraced technology to prevent monopolies and ensure it is accessible to all citizens. PM Modi conveyed that India has democratized technology to avoid monopolies, asserting it as a people-centric endeavor.

FY 2023-24 may be looking forward to making use of March 30 and March 31, as these are the last two dates of the financial year. If any individual misses to do so there will be no opportunity to invest in the current financial year. If you invest in government schemes like the public provident fund (PPF), Sukanya Samriddhi Yojana (SSY), and others on March 30 and 31, will it be counted as investments in FY 2023-24? ET Wealth Online explains Experts say what would matter the most in this case is when the respective banks process the transaction, and on which date. If you remit money to the bank on March 30 or March 31 and it gets processed the same day, then the investment date will be on these dates, and it will be counted in the financial year 2023-24.

OpenAI offered a tool that allowed people to create digital images simply by describing what they wanted to see. Then, it built similar technology that generated full-motion video like something from a Hollywood movie. Now, it has unveiled technology that can re-create someone's voice.

CFTC Commissioner Caroline D. Pham issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action” following the agency’s KuCoin charges, saying it might “infringe upon the SEC’s authority.”

In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: «Since 2021, US firms have been subject to an increasing number of takedown requests for content and user accounts related to issues that appear politically motivated». As per the report, India's customs system is complex and open to administrative discretion. It also cited a lack of clarity on definitions related to brand owners, date markings, non-retail containers, and multi-unit pack on alcoholic beverages.

unique visitors (UVs) to 460 million in January 2024, marking the first decline since 2020, with OTT penetration of the digital universe reaching 87.8%. In January 2023, the number of unique OTT visitors peaked at 466 million. The number of unique OTT visitors increased significantly from 395 million in January 2020 to 448 million in the following year due to increased adoption during the Covid-19 pandemic.

In the wondrous realm of Ethereum, the digital expanse stretches endlessly, beckoning adventurers like yourself to explore its boundless potential. Ethereum isn’t just any cryptocurrency; it’s full of innovation, riveting ideas, and endless of possibilities in the ever-expanding universe of blockchain technology.

Two coins, Ondo ($ONDO) and Conflux ($CFX), recently saw significant gains, while a rising star and the best upcoming ICO, Galaxy Fox, is nearing the end of its wildly successful presale. Let’s dive into why these projects are making waves and how you can potentially get in on the action.

HSBC’s recent launch of retail gold tokens underscores the growing adoption of financial asset tokenization, a practice that’s transitioning from early adoption to mainstream use.

upcoming cars expected to debut in April this year. Among the key highlights is Toyota Motor's much-anticipated unveiling of the Urban Cruiser Taisor, a compact SUV that takes inspiration from the Maruti Suzuki Fronx. This marks Toyota's fourth collaboration with Maruti Suzuki in India, underscoring the strategic alliance between the two automotive giants.

Hardeep Singh Puri on Friday compared Chief Minister Arvind Kejriwal's wife to former Bihar Chief Minister Rabri Devi, and said she is perhaps preparing to hold the post of her husband. «The madam your are naming is perhaps preparing to hold the post like Rabri Devi did in Bihar,» the senior BJP leader told reporters here at the inauguration of the Delhi BJP's election office. The Union Minister for Housing and Urban Affairs was responding to a question about AAP leader Arvind Kejriwal's wife Sunita. Earlier in the day, Sunita Kejriwal launched a WhatsApp campaign, urging people to support her husband, who is in ED custody in an excise policy-linked money-laundering case.

insurance policies in electronic format. Very similar to how investors hold shares in a demat account. In a notification «Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024» dated March 20, 2024, the Insurance Regulatory and Development Authority of India (IRDAI) said, «Every insurer shall have in place a Board approved policy for insurance policies issued in electronic form...» «Irrespective of whether the proposal is received in electronic form or otherwise, every insurer shall issue insurance policies only in the electronic form,» the regulator said. To issue policies in the electronic format, the insurers must fulfill two conditions: a) Provided that the authority, on being satisfied that it is in the interest of policyholders and for orderly growth of the insurance industry, allow such exemptions to this requirement; b) Provided further that the insurer shall mandatorily seek the choice of the prospect in the proposal form for availing physical policy document, IRDAI said.

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

Social media personality Orhan Awatramani, known as Orry, is embroiled in a controversy with content creator Ruchika Lohiya after she accused him of refusing to shake her hand at a Mumbai event. The incident has sparked a heated exchange between the two, with Orry threatening legal action against Lohiya for defamation.

Under this multi-year agreement with AWS, Minfy will help enterprises across multiple industries worldwide leverage AI and cloud technologies to deliver new solutions, like the Swayam.ai generative AI app store. Swayam.ai serves healthcare, aerospace, logistics, manufacturing, and public sector customers worldwide with solutions including intelligent chatbots, sentiment analysis tools, and text-to-video conversion. Minfy plans to further international expansion in the U.S., Australia, and in Southeast Asian countries like Malaysia and Philippines with AWS.

Axis Bank credit card holders took to social media platforms like X (formerly Twitter) to report unauthorised transactions, including international purchases made without their consent. One user claimed to have received a fraudulent transaction alert from Uber Eats Canada, while others complained about being unable to close their credit cards due to technical glitches on the bank's app, as per the report.

Delhi Chief Minister Arvind Kejriwal's wife Sunita launched a WhatsApp campaign on Friday, urging people to support her husband, who is in the ED's custody in an excise policy-linked money-laundering case. In a digital media briefing, Sunita Kejriwal said her husband has challenged the «most corrupt and dictatorial forces» in the country and asked people to support him through their blessings and prayers.

U.S. Attorney Damian Williams wrote in an official statement following Judge Lewis A. Kaplan’s Thursday morning ruling that FTX founder Sam Bankman-Fried’s 25-year prison sentence will send “an important message” to potential fraudsters everywhere.

Global Capability Centres (GCC) — the first draft of which is expected in June — top executives told ET that the policy should include investment in the growth of infrastructure in tier 2 cities through initiatives like Beyond Bengaluru. Local incentives on new and renewed investments based on employment creation in the State is another top suggestion. Industry leaders said that there should be single window approval cells and fast track resolution on issues reported. The policy should provide a mechanism for the industry to address requirements from various wings of the State government, they said.

revenue generation is weighing on digital payments startups, offsetting surging business volume due to the widespread adoption of digital payments in the country. Payment processing charges, which fintech firms need to pass on to technology providers, banking partners or payment networks like the National Payments Corporation of India, Visa or Mastercard, have skyrocketed in recent times for most of the fast-growing players.

MUMBAI : Top consulting companies are poaching from rival firms for newer skills and experienced hands, even as they lose some of their own bright minds to competitors. At a time of rising opportunities in artificial intelligence to business transformation and risk to digital advisory, a number of global consulting bluechips in India have seen top partners switch jobs and take up new roles.