Digital Financial News

It’s not just the “YOLO” retail traders of the world who are jumping back into cryptocurrency markets. Hedge fund clients of Goldman Sachs are, too. 

Investing in residential real estate for the rental market remains profitable overall, but investors may have to be patient for growth in rents to increase.

Google will continue to defend the way it complies with the Digital Markets Act in the coming months, the Alphabet unit said on Monday, after EU antitrust regulators started an investigation into potential breaches of the EU tech rules. «To comply with the Digital Markets Act, we have made significant changes to the way our services operate in Europe,» Google's competition director Oliver Bethell said in an email.

EU antitrust regulators on Monday opened their first investigations under the Digital Markets Act into Apple, Alphabet's Google and Meta Platforms for potential breaches of the landmark EU tech rules. «The (European) Commission suspects that the measures put in place by these gatekeepers fall short of effective compliance of their obligations under the DMA,» the EU executive said in a statement.

Are you tired of watching from the sidelines as others cash in on the latest crypto crazes like PEPE, BOME, Shiba INU, and Floki? Well, get ready to turn the tables because there’s a new gem on the block that’s poised to be your next big win in 2024.

Goldman Sachs’ hedge fund clients are reportedly showing increased interest in crypto derivatives, spurred by the resurgence of the crypto market.

The investment trust completed on the £450m sale earlier this month (15 March) and in an RNS notice today confirmed it had used a portion of the proceeds to pay towards its RCF. Digital 9 Infrastructure completes Verne Global sale for £450m The board said £23m from the Verne deal had been allocated for «prudent capital management to cover possible future liabilities arising from certain value-added tax related indemnification provisions», along with additional RCF repayment and cancellation. It said that an additional RCF repayment and cancellation will be made once the deferred $2...

Like many retail investors, entrepreneur Ankur Warikoo also started his investing journey with penny stocks. As beginner's luck worked in his favour, he got addicted but the ending wasn't a happy one. Left with a bad taste in his mouth, the social media influencer has stopped investing in stocks directly since then. «I do not invest in individual stocks because I am not an expert, nor have the time to track their performance. I am a passive investor and invest only through portfolio assets such as (index) mutual funds, smallcases and PMS,» he says. The best-selling author of 'Do Epic Shit', Warikoo's new book 'Make Epic Money' decodes personal finance in a jargon-free language that GenZ and millennial readers can easily relate to. The book is published by Penguin. Edited excerpts from a chat with Ankur Warikoo where he talks about his own asset allocation strategy, the mistakes he made and when is the best time to buy a house: You have kept simplicity at the centre of your book. Why do you think personal finance has become so complex? Ankur Warikoo: Because often the book is written to impress the reader, as against informing the reader.

Federal Bank has introduced the innovative RuPay Smart key chain, ‘Flash Pay’, which is the first of its kind in the industry and is enabled with NCMC technology. This smart key chain allows users to make contactless payments at NCMC-enabled metro stations without the need to wait in line to purchase tickets or cards specific to the metro stations. 

battling cancer until the Princess of Wales announced it in a video message on television. Soon after Kate’s public announcement, the Prince and Princess of Sussex released a statement. Several sources confirm, as per The Independent, that there were no conversations on Kate’s diagnosis prior to her announcement.

Karan Taurani, Senior VP, Elara Securities, says “the T20 World Cup is in the month of June and we have IPL as well. So, on a QoQ basis, we will see that delta for Zomato. As far as QSR companies are concerned, there is not much of a big respite because the market is getting fragmented, the QSR companies are seeing pressure in terms of growth and in terms of delivery contribution, only 30-40% percent of their revenues comes from delivery. I think it is a bigger delta for Zomato versus the other QSR companies.” Given that it is increasing every year, what is the valuation story you see for IPL? Where do we see it headed because it has become so expensive now? Karan Taurani: I think valuations depend on revenue potential and revenue potential has multiplied for the franchise teams. Plus, the number of teams has also gone up. We had about eight teams, now we have ten. The number of matches has gone up by 20%. I am saying the reasons for valuations growing are these reasons as well.

Kalpen Parekh, MD & CEO, DSP Mutual Fund, says “we felt that prices are maybe a year ahead of what they should be and part correction has happened, let us say, in the last two-three weeks, but we do feel that even today when we look at our portfolios, we would be happy with some more consolidation either in terms of time or if there is some more price fall, our conviction to buy the same set of good companies with the next five-year horizon would go up significantly. But we would still say it is time to be cautious, time to be more diversified and time to be more asset allocated rather than chasing only one bucket.” You and your team are putting out some great data. In fact, it is just not garnering assets but also educating the ecosystem and learning which I really appreciate about your house. You called out on the froth in small and midcaps very early on. In fact, the buzz may have gotten louder in the last two weeks, but the melting of the indices started in the first or second week of February. Do you think the adjustment is done or not entirely?

Are most revolutions doomed to become the very thing they sought to overthrow? In the world of business, this question arises in the case of Apple, widely seen as the world’s top brand. It began with a mission to bust the paradigm of centralized big-frame computing by empowering “the rest of us" with personal computers of our own. This was the story captured by 1984, a TV commercial it aired that year which showed it taking on Big Brother of George Orwell’s novel by that name.

Friend.tech, a social platform leveraging Web3 technology, has proposed a new ownership model by  offering its shares to its  users. 

IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024.

Something analogous is happening in the world of non-banking financial services. In less than five weeks, RBI shut down Paytm Payments Bank, served Visa a cease-and-desist order with regard to card-based vendor payments and P2P transactions, prohibited IIFL Finance from sanctioning new gold loans, and debarred JM Financial from providing finance against shares and debentures, and for new IPOs. Had this been all, one could have excused this as a specific set of actions against a small number of significant players. But the central bank has subsequently also carried out a plethora of audits targeting fintechs that disburse small-ticket personal loans. The stated reason: exuberant unsecured loan growth.

India has called for prioritising issues such as access to finance including trade finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services for discussions in various bodies of the World Trade Organization (WTO). «Cross-cutting real-life trade issues which impact the developing countries disproportionately» such as access to technology, bridging digital divide, supply chain resilience, and enhancing effective aid for trade that is effective, demand driven, untied, and has recipient ownership should be taken for discussion on a priority basis," New Delhi said in its submission on 30 years of WTO and how the development dimension has progressed. «If a large part of the membership believes that their agenda is not in lockstep with the priorities of this organisation or the messaging being delivered to the external world...a sense of defeatism and decline in members' interest in the working of this organisation is imminent,» it said.

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Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc as the respective companies have approved the consolidation on Friday i.e. March 22, 2024. “A Plan of Merger of Born Group, Inc., wholly-owned step down subsidiary of the Company with its parent company viz.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Tech Mahindra said it plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. According to a regulatory filing, the appointed date of the plan of merger is April 1, 2024. «A Plan of Merger of Born Group, Inc., a wholly-owned step-down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., a wholly-owned material subsidiary of the Company, has been approved by the respective companies on Friday, 22nd March 2024,» the company said.