Digital Financial News

Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.

Microsoft co-founder Bill Gates on Wednesday emphasised India's pivotal role in his philanthropic endeavours and technological aspirations. Gates, speaking virtually from Seattle at the Times Now Summit, underscored India's significance both in his past actions with Microsoft and in his current charitable efforts through the Bill & Melinda Gates Foundation. «India is a key country for us,» Gates said while highlighting the profound impact the nation has had on his career trajectory and his philanthropic vision.

tech boom was a time of groundbreaking innovation, from which India emerged not merely as a participant but as a key driver, attracting multinational corporations with its robust information technology outsourcing capabilities. This era showcased India's growing IT prowess, characterised by innovation, efficiency, and a subsequent economic surge. A similar scenario is unfolding today, albeit with a different focus.

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Bar and Bench, the HC has granted a "dynamic+injunction" order in favour of RIL's media company and restricted several websites from illegally streaming the Indian Premier League (IPL) matches. In legal terms, the "dynamic+injucntion" orders are passed to protect the copyrights. It ensures that no irreparable losses are caused to the owner of the copyrighted works.

There are reports of EPF members encountering problems with their withdrawal claims, primarily due to discrepancies between the information in the EPFO records and the details provided by the member. These discrepancies may involve variations in name, date of birth, PAN, Aadhaar, or incomplete KYC information.

Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami. “Companies have already begun shifting volumes from the East Coast to the West Coast,” said Ryan Petersen, the founder and chief executive of Flexport Inc., a digital freight platform based in San Francisco. “Baltimore being taken offline means all the other ports on the East Coast are getting this bubble of cargo — creating congestion and delays.” That also means companies and consumers may face a repeat of one of the big supply chain lessons of the Covid pandemic: that a sudden 10% or 20% increase in volumes through a port “is enough to cause massive backlogs, congestion, ships waiting offshore and all sorts of delays that can compound on themselves,” Petersen said.

«On a bottom-up basis, we run screeners based on operating cash flows, balance sheet strengths and latent capacity in companies,” says Aniruddha Naha, CIO, Alternatives, PGIM India AMC. In an interview with ETMarkets, Naha who has over 22 years of industry experience in the equity and debt market and manages Rs 225 cr in AUM, said: “The philosophy is to buy good businesses with a consistent track record of cash flow and balance sheet at reasonable valuation,” Edited excerpts: Please take us through your investment philosophy. Aniruddha Naha: Our philosophy stems from clearly defining 'what we will not do' in the investment process.

Tawfiq Muhammad Said Al-Law, a hawala operator involved in Hezbollah crypto funding, has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday.

Russian ministries could be prepared to “legalize” industrial crypto mining in the country. But one key department could yet throw a spanner in the works.

In a move that underscores its growing prominence within the digital asset space, Bad Idea AI , identified by its innovative ticker symbol $BAD, is thrilled to announce its upcoming listing on Gate.io, a leading global crypto exchange. Starting from 09:00 AM UTC on March 27, 2024, traders and crypto enthusiasts will have the opportunity to engage with BAD/USDT trading pairs on Gate.io , marking a pivotal moment for the project’s expansion and accessibility.

Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end. Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.

MUMBAI : After its merger plans with Zee Entertainment Enterprises Ltd unravelled, Sony Pictures Networks India (SPNI) is quietly taking steps to fortify its sports content offerings. In a strategic move, SPNI has secured exclusive rights to broadcast and stream all New Zealand Cricket (NZC) home series, featuring the men’s (Blackcaps) as well as women’s (White Ferns) matches, in India and associated territories for the next seven years.

The meme coin king, BEFE, has been riding the presale rally from investors and enthusiasts across the cryptosphere. Indeed, by gaining more than 45% over the past month, the meme coin is generating excitement in anticipation of its upcoming presale. As the presale of BEFE is live, analysts noted that witnessing the true potential BEFE brings to the blockchain industry, investors are getting on the ground floor of the promising project.

Sony Pictures Networks India (SPNI) said it has acquired New Zealand Cricket (NZC) media rights for the Indian market. The deal is pegged at $90-$100 million (Rs 749-Rs 833 crore), according to industry executives. SPNI, which has been on an acquisition spree in the sports media market and owns media rights to the England and Sri Lanka cricket boards, will broadcast NZC matches on both TV and digital platforms from May 2024 to April 2031. The rights deal includes two India tours to New Zealand, comprising 24 matches across test matches, one-day internationals (ODIs) and T20 internationals. SPNI's head of sports business Rajesh Kaul said the addition of NZC rights will bolster the network's sports portfolio since New Zealand is one of the most respected cricket teams in the world. «Apart from the three cricket boards that we currently have, we are also evaluating a couple of other cricket rights that will become available. We will be prudent while bidding for cricket properties,» Kaul told ET.

Last year saw tremendous enthusiasm around the concept of digital public infrastructure (DPI) during the G20 and after. What I didn’t realize at the time was that lurking just beneath the surface were strong undercurrents of disapproval. The arguments against DPI range from the semantic (that the term DPI flatters to deceive) to the techo-solutionist (not everything can be solved by throwing technology at it).

Adobe is collaborating with other companies, especially those working with generative artificial intelligence to develop broad industry standards, Adobe CEO Shantanu Narayen said Tuesday at the launch of its genAI-enabled application called GenStudio for marketers. “Responsible innovation cannot be an afterthought. We are working to combat misinformation by advocating for content credentials as an industry standard to establish trust in digit content,” Narayen, who is also chairman and president of the company, noted.

Alphabet Inc.’s Google is in advanced talks to buy a 22.5-acre land parcel in Navi Mumbai’s Juinagar for building its first-ever captive data centre in India, said people with direct knowledge of the development. California-headquartered Google is currently doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Development Corporation (MIDC). Lease rights of the plot that were originally allotted to Herdillia Chemicals are currently with Pune-based Gramercy Trade Industries. The potential deal is estimated at around Rs 850 crore given current property rates in the vicinity and MIDC’s transfer charges, said the people cited above.

The U.S. is imposing sanctions on a collection of mostly Russian fintech firms and people accused of enabling sanctions evasion

Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of the former president's large stake in the company in the process

demat account and trading account with registered depository participants. Alternatively, investors can opt for participation in stock investing through mutual funds without the necessity of opening a demat account. However, those interested in direct trading are mandated to open a demat account.