Digital Financial News

Google and Indian internet companies have agreed to a four-month extension in the timeline for payment of service fees to the Android maker. The development marks a pause in the acrimonious face-off between Indian internet firms and Google over the US firm’s billing policies that finally prompted the Indian IT ministry to step in to play peacemaker.

India has 87% fintech adoption rate – the highest in the world, 1.26 billion digital IDs, 658 million internet users, 30 million merchants who accept QR codes and the digital lending and insurance sectors are expected to grow to $350 billion and $222 billion respectively by 2025. (Barclays Rise Report) While women form 50% of the country’s population, financial and digital literacy of women is lowest, as per World Bank’s Global Findex Data.

India Inc is set to see a 9.6% salary increase on average in 2024, similar to the actual increase last year, according to the second edition of EY ‘Future of Pay 2024’ report. Overall attrition fell to 18.3% in 2023 (from 21.2% in 2022) and is set to gradually decline over the next few years as companies prioritise cost management and employee well-being, stabilising the workforce amid high talent demand, it said.

In a panel discussion hosted by ETMarkets, CoinSwitch Kuber CEO Ashish Singhal expressed optimism regarding the regulatory landscape's evolving stance towards innovation within India's digital ecosystem. Singhal also shed light on the company's efforts to educate beginners, the growing interest of businesses in blockchain technology, interactions with regulatory authorities, and strategies for navigating the complex regulatory landscape. Edited excerpts:

Real Estate Sector of India has witnessed a growing and evolving demand amongst the ultra-rich NRIs. Their preferences, fuelled by an interconnected world, increased availability of sustainable options, world class infrastructure, and advantageous Price Differentials, make Real Estate investment in India a promising purchase for NRIs on multiple fronts. Per recent reports, there has been a 35% YOY rise in investments by NRIs in the Indian residential real estate market. Growing Interest in Indian real estate NRIs at large have witnessed a rise in income with higher paying jobs and flourishing businesses overseas. They are therefore looking at India as a great opportunity for real estate investment given the positive economical outlook for the country. These homes are lucrative rent generating assets for them as appreciation in India is higher than the other markets. The currency advantage also remains a catalyst to encourage investments from other countries.

SINGAPORE (Reuters) — Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24 hours earlier, as bulls showed few signs of pulling their bets on the world's largest cryptocurrency.

₹9,99,990. The Hyundai Venue Executive variant boasts several notable features across its exterior, interior, technology, convenience, safety, and powertrain aspects. Notable exterior elements include R16 dual-tone styled wheels, dark chrome front radiator grille, roof rails, and a shark fin antenna.

Ritesh Jain, Global Macro Trader, says India had leapfrogged manufacturing and directly went into services because of digital infra and English-speaking population. Data show services create 20% of the jobs created by manufacturing. That is why we have a jobless recovery and wealth concentrated in metros. Now, India is going back to the drawing board and manufacturing will start pulling its weight because of government focus, PLI schemes, China plus one, etc. This will lead to broad-based prosperity due to job creation and real estate prices in tier II, tier III cities will outpace those of metros. What kind of structural changes are you witnessing in the Indian economy right now? Ritesh Jain: I believe the structure of the Indian economy is changing.

bitcoin reached a record high of more than $69,000. For believers, it was a moment of vindication after a 2022 industry downturn that sent several major companies into bankruptcy and tainted crypto’s reputation. But is crypto really back from the dead? While the numbers suggest the industry is starting to thrive again, there are major differences between this bull run and the euphoria that drove crypto prices to previous highs.

Tata Consultancy Services and Infosys are rolling out programmes to hire junior and mid-level talent with a focus on specific technology skills. Industry experts see this as an effort to get a lead with good talent ahead of their peers.

Dune: Part Two's global success, AMC has taken a distinctive approach to celebrate the movie's triumph by introducing a limited edition Dune popcorn bucket. While the film itself needed no additional promotion, this peculiar merchandise has become a viral sensation, sparking discussions and creating a buzz on social media platforms.

In 1919, Max Weber delivered a lecture titled “Politics as a Vocation," in which he argued for the first time that the state has a monopoly over the use of physical force. He was looking for a way to justify the state’s use of force and chose to do so by elevating it to the level of a crucial feature of the social contract. In those days, authority was manifest through tangible expressions of control—institutions like the police and military, and coercive constructs like laws and regulations.

Another day, another multibillion-dollar regulatory fine from Europe that will barely dent the balance sheet of a technology giant. Only this time, the European Commission’s $2 billion penalty against Apple marks the end of an old clunky era, and the start of a new one where trust-busters can be quicker and more efficient in policing Silicon Valley’s biggest companies. Their secret weapon: a new law called the Digital Markets Act (DMA).

The S&P 500 ended February with a gain of more than +5% for the eleventh time in history. The last time we had a February up more than +5% was in 2015.

Ram Mandir inauguration in January, hackers and cyber criminals, predominantly from China and Pakistan, were constantly targeting the websites of the Ram Temple, Prasar Bharti and other digital assets of critical infrastructure in Uttar Pradesh (UP), officials told ET. The government had blocked 1244 IP addresses, of which 999 were from China alone. «The rest of the blocked addresses were from Pakistan, Hong Kong and Cambodia,» officials said. Since the government had anticipated a rise in cyber-attacks during the inauguration, all the pre-emptive measures were put in place. The Telecom Security Operation Centre (TSOC) was monitoring around 264 websites including that of the Ram Temple, Prasar Bharti, UP Police, airport, UP tourism, and the power grid among others round the clock to prevent any cyber-attack. «It was a 7-day drill to guard the digital assets as we had anticipated a rise in cyber-attacks. Since the main event was on January 21, we had to secure the assets before and after the event also,» a person privy to the details said.

Margrethe Vestager said. Just days before the Digital Markets Act comes into force Vestager said in an interview with Bloomberg TV that she’s most concerned about smaller app stores being given fair access to operating systems run by companies that dominate the market like the likes of Apple Inc., Alphabet Inc.’s Google, and Microsoft Corp.

SBI — or GoI — doesn't like, with Digital India galloping along like a bareback horse in a Ladakh landscape, one would have thunk that retrieving info regarding purchases of electoral bonds for political party funding would be easy-peasy. Unless, of course, it's hard.

New York (Reuters) -Bitcoin hit a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone. That’s in stark contrast to crypto and decentralized finance, where users interact via their wallets and never need to reveal anything about them.

The HSBC S&P India Tech UCITS ETF will have exposure to companies with a market cap of at least $300m that generate at least 80% of their revenue from digital technology, communication, and software related businesses, as classified by FactSet's Revere Business Industry Classification System. HSBC AM said it was a «more diversified index than solely IT companies» as its revenue-based approach also captures technology-oriented companies from various sectors. HANetf to launch India internet and e-commerce ETF «In our view, India is fast becoming a hot bed of new world technology sect...

In a panel discussion hosted by ETMarkets, Sumit Gupta, Co-Founder of CoinDCX, outlines key drivers for crypto trading in India: regulation and conducive environment. Additionally, he shed light on CoinDCX's rigorous framework for listing cryptocurrencies and offered insights into the challenges and opportunities of building in this evolving environment. Edited excerpts: