Digital Financial News

₹4,000 crore or global revenue of over $30 billion, and with over 10 million end-users or 10,000 business users in India. Nine ‘core’ services have been identified, including search engines, social networks, browsers and e-commerce aggregators. The bill does not allow for bundling of services, self-preferencing, restricting third-party apps or data cross-sharing, among other mandates.

Also Read: How to reactivate a dormant demat account? MintGenie explains Trading through mobile phones enables you to have real-time access to key developments related to trading and investments. The main advantage of mobile trading is that anyone can also see market data at the same speed as brokers or registered clients. India pioneered online stock trading in the late 1990s, with the National Stock Exchange (NSE) leading the way with electronic or screen-based trading systems accessible via the internet.

The Hong Kong Monetary Authority (HKMA) completed Phase 1 of the e-HKD Pilot Programme in October 2023 where it studied domestic retail use cases in various areas such as programmable payments, settlement of tokenised assets, and offline payments. The next phase will delve deeper into select pilots from Phase 1 where an e-HKD could add unique value, namely programmability, tokenisation and atomic settlement, as well as explore new use cases that have not been covered in the previous phase.

Industrial Training Institutes (ITIs) across India will soon include ‘AI for All’ as part of their curriculum to build awareness on artificial intelligence. This initiative is spearheaded by the Future Right Skills Network (FRSN) in collaboration with the Directorate General of Training (DGT) to enhance the employability prospects of students. The ‘AI for All’ curriculum aims to bridge the gap between industry requirements and academic offerings. «This step is crucial in aligning academic programmes with the evolving needs of industries. The AI curriculum by FRSN is part of the larger initiative of DGT, to integrate AI learning at ITIs,» a press release said. Formed in 2019, FRSN is a collaborative effort of Quest Alliance, Accenture, Cisco, JP Morgan and SAP Labs India.

interim Budget 2024-25, the government allocated ₹1,277.80 crore for the census, a significant reduction from 2021-22 when ₹3,768 crore was allocated. It was then seen as an indication that the exercise may not be carried out even after three years of delay. However, Bloomberg cited sources as saying, “The government is also considering a new population census once elections are completed." According to the report published on Thursday, the census may include training and deploying over 3,00,000 government staff.

Earlier this week, a tweet from Indian governments through MyGovIndia went viral on X. The tweet with text — What's wrong with India? — has so far got 2 million views. The tweet highlighted India's recent accomplishments, including the eradication of extreme poverty, the lunar landing achievement, recognition for economic growth from the IMF chief, and advancements in digital infrastructure.

Sebi) is likely to discuss regulations on ease of doing business for foreign portfolio investors, alternative investment funds (AIFs), and portfolio management services (PMS). The officials are also expected to discuss easing regulations further for initial public offerings (IPOs), according to multiple news reports.

An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.

The booming non-fungible token (NFT) market, encompassing digital art, virtual real estate, and even tangible assets, has captured the attention of crypto traders globally. These one-of-a-kind virtual assets are secured on the blockchain, enabling transfers and trades. NFTFN, leading a web3 fintech company, is building a range of groundbreaking financial products specifically designed for blue-chip NFTs.

In the ever-evolving landscape of cryptocurrency, Bitcoin‘s recent uptick to $73,400 echoes a growing bullish sentiment.

updating their aadhaar card details must do so before June 14. Earlier the deadline was March 14 before it got extended. In their aadhaar card details, one can change their name, address or mobile number without having to pay a fee.

KRAFTON has announced a memorandum of understanding (MoU) with the government of Gujarat and TransStadia Technologies. The collaboration is set to stimulate the technology, gaming, and esports ecosystem in Gujarat, furthering KRAFTON’s efforts to cultivate India’s overall gaming and technology environment.

The US Financial Crimes Enforcement Network (FinCEN) is probing into the $165 million worth crypto transaction linked to Hamas, per Wall Street Journal.

SBI vs Bank of Baroda green fixed deposits (FDs): State Bank of India (SBI), and Bank of Baroda (BoB) have launched a special fixed deposit (FD) scheme to mobilise funds to support environment-friendly initiatives and projects.

Being in the limelight in the rapidly evolving digital currency industry, Bitgert has captivated all eyes towards its ecosystem. In recent months, we have observed the price of Bitgert rising significantly, attracting more investors to its project. Setting itself apart from other projects in the industry, its dominance stems from multiple factors. Such factors include innovative technology, community-driven ethos, practical use cases, transparency, security, strategic partnerships, active community engagement, and eco-friendly initiatives. This is the first project which focuses on every concern of the cryptosphere.

Epic Games, which makes the popular video game «Fortnite,» on Wednesday accused Apple of violating an injunction governing its lucrative App Store, and asked a U.S. judge to hold Apple in contempt and end its «sham» compliance. The companies have been battling in court since 2020, when Epic accused Apple of violating antitrust law by requiring consumers to obtain apps through its App Store, where it charges app developers up to 30% commissions on in-app purchases.

Recruitment consultancy Team Lease Digital had earlier estimated that the Indian IT workforce would expand to 10 million by 2030.

Reliance Industries has agreed to buy Paramount Global's entire 13.01% stake in local entertainment network Viacom 18 Media for approximately Rs. 4,286 crore, RIL said in a regulatory filing. «A binding agreement has been entered between Reliance and two subsidiaries of Paramount Global to acquire 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media held by Paramount Global through its two subsidiaries for an aggregate consideration of Rs. 4,286 crore,» the filing said. After the completion of this transaction, Reliance's equity stake in Viacom18 will increase to 70.49% on a fully diluted basis.

Galaxy Digital CEO Mike Novogratz thinks Bitcoin is forever beyond $55,000 after cracking beyond $73,500 on Tuesday.

The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025.

Dive into the world of savvy investing with InvestingPro! We're giving you this eye-opening article for FREE, showcasing pro-level insights in real-time. Seize the opportunity and upgrade today with promo code HOT2024 for an additional 10% off already discounted rates (UP TO 50% OFF!). Time is ticking – upgrade now with just a click.