Digital Financial News

NEW DELHI : Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two people aware of the development said. The sale of the Eversource Capital-backed company, which operates in the commercial and industrial (C&I) segment, may attract a potential equity value of about $300 million, the people said.

Red vs. Blue is gearing up for its grand finale. Following the closure of Rooster Teeth, the production company behind it, Warner Bros. Discovery has announced that the show's 19th and final season will culminate in a full-length feature film titled Red vs. Blue: Restoration. The film is set to premiere on May 7, marking the end of an era for one of the internet's longest-running series. Release Date, Streaming Platforms

Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world’s second most popular place to trade digital currency

First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project; deal pegged at ₹50 crore between rival firms For the full fiscal year 2022-23, Swiggy made a loss of 41.8 billion rupee ($500 million), according to the document. But the company's lower wage payouts and cuts in marketing spending will help it trim losses for the full year 2023-24, a source with direct knowledge of the matter said, without wishing to be identified.

Enforcement Directorate's (ED) custody of Delhi Chief Minister Arvind Kejriwal till April 1. The court made this decision based on the agency's submission of «sufficient reasons» to allow further custodial interrogation. The ED highlighted the need to confront Kejriwal with collected material and recorded statements. During the court proceedings, the ED mentioned that Kejriwal's responses during his five-day interrogation were «evasive.» The court also took note of the ED's statements regarding the recording of statements from three other relevant persons in the case. «Having considered the submission made before this court and considering the grounds as cited by the investigative agency, there appears to be sufficient reasons to permit further custodial interrogation, particularly keeping in view the submissions that he (Kejriwal) is required to be confronted with the material collected and statements recorded so far in the course of the investigation,» special judge Kaveri Baweja said. Special judge Kaveri Baweja, after considering the ED's submissions, agreed to the extension of Kejriwal's custodial interrogation. The judge noted the necessity of confronting Kejriwal with extracted data from digital devices and other details. Kejriwal, in response, expressed readiness to cooperate with the agency and did not oppose the ED's plea for remand extension.

NEW YORK — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

“Every boardroom is discussing how to responsibly harness artificial intelligence today. AI is a boon if rightly trained and used." He added that marrying AI with open source will unlock a new technological paradigm. Open-source technologies offer a foundation for building and deploying AI solutions.

demat account, or dematerialised account, serves as an electronic repository for holding and trading securities in digital form, eliminating the need for physical certificates. With a demat account, investors can conveniently buy, sell, and transfer securities electronically. To understand how a demat account facilitates trading in derivatives, it's important to first understand what derivatives are used for, their functions, and the different types of derivatives.

MUMBAI : TPG-backed online lending platform Fibe, formerly EarlySalary, is looking to secure a new funding round, comprising both primary and secondary capital, said three people in the know. TR Capital, a global fund specializing in secondary investments, is expected to lead the round, acquiring full or partial stakes from the company's existing investors, the people added, seeking anonymity. “The round is likely to be a secondary transaction.

Japan’s cabinet recently approved a bill that will open up the Web3 space to investment funds and venture capital firms in the country.

Dharma Productions, promoted by film producer Karan Johar, reported a nearly four-fold increase in revenue to ₹1040 crore for the fiscal year ending March 2023, compared to ₹276 crore in the previous fiscal. The company’s revenue growth was driven by Ranbir Kapoor and Alia Bhatt’s Brahmastra: Part One: Shiva. The film collected ₹418 crore in worldwide gross box office collections. Apart from Brahmastra, the company also released Govinda Naam Mera and Selfiee, featuring Vicky Kaushal and Akshay Kumar, respectively, during the fiscal.

1. CoinSwitch: CoinSwitch is the leading cryptocurrency trading app in India, with over 2 crore users. The platform is backed by some of the world’s leading investors, including a16z, Tiger Global, and Sequoia Capital India.

Amid fluctuating markets, Bitcoin dips below $70,000, spotlighting debates on its future price. U.S. and U.K. sanctions against Gaza Now’s crypto operations underscore ongoing regulatory scrutiny, possibly influencing Bitcoin’s trajectory.

Digitalisation of business, when companies increasingly use digital tools to create efficiencies, understand the market, and reach out to the customer, is gathering pace even after the pandemic which gave a booster shot to e-commerce. India's fast moving consumer goods (FMCG) companies are increasingly betting on digital advertising to reach customers.

The insurance industry is undergoing a significant digital transformation, fundamentally altering the way insurance operates for both insurers and policyholders. Gone are the days of extensive paperwork and complex procedures; now, individuals can easily secure essential health insurance coverage right from their fingertips. With just a few clicks, people can explore a wide range of health insurance options, compare policies, and choose the one that best fits their needs. This digital transformation resulting in buying health insurance online offers multiple advantages, some of which include:

Shiba Inu (SHIB/USD) has recently experienced a slight decline, trading at $0.000030 with a 24-hour volume of $1,543,917,018, experienced nearly 3.50% dip, yet its market cap stands robust at $17,789,281,901, ranking it 11th.

The Hague Conference on Private International Law (HCCH) has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets.

Laser Digital – the crypto-focused subsidiary of Japanese asset manager Nomura – has launched an institutionally focused liquid staking fund on Polygon in collaboration with TruFin.

In the ever-evolving landscape of cryptocurrencies, where innovation reigns supreme and fortunes are made overnight, NFTFN emerges as a formidable contender poised to disrupt the status quo. 

With the wealth management industry looking to boost the number of women financial advisors, one large RIA, Choreo, said Wednesday it is starting a campaign focused on women advisors and clients. The firm, with $24.6 billion in client assets, firm intends to use its relationships with tax specialists and certified public accountants as part of that goal.

Finding it hard to understand how the Bitcoin price is changing the art world? You’re not alone. Bitcoin has been a key player in growing the digital art scene, allowing artists to reach fans globally without traditional limits.