Digital Financial News

Investing.com — Bitcoin touched a two-year high on Monday, as an influx of cash into exchange-traded funds linked to the world's most recognizable cryptocurrency pushed it above $65,000 and closer to new record levels.

lifestyle spends, even as travel is the preferred category for spendvesting enthusiasts, with gadgets and shopping also significant, pointing to the popular lifestyle goals that drive financial decisions, said Spendvesting report by Multipl. Spendvesting is a financial concept that combines the principles of investing and spending. The approach, developed by multipl, merges lifestyle goals with investing, helping consumers to live their dream lifestyle while building a secure financial future. It also notes that 50% of Indian spendvestors are in the 26-34 age group, showcasing the strategy’s resonance with millennials and Gen Z. «Spendvesting is not merely a financial strategy; it represents a shift towards mindful and gainful consumer behavior. As interest and participation in spendvesting grows, it is set to capture a wide ranging audience, capitalising on India’s expected digital economy boom to $1 trillion by 2030,» said Paddy Raghavan, co-founder of multipl, adding that millennials and Gen Z’s prefer fintech startups for customised investment advice.

RK Swamy sailed through on the first day of the bidding process. The issue, which closes on March 6, was booked 1.01 times so far, led by strong interest from retail and non-institutional investors. The retail portion of the IPO was subscribed 4.1 times, followed by NIIs at 1.02 times. The IPO comprises fresh equity sale of 60 lakh shares and an offer for sale of 87 lakh shares.

US Presidential Candidate Robert F. Kennedy Jr. has hailed cryptocurrencies as the best hedge against inflation. 

Nokia on Monday said it has partnered with Sterlite Technologies (STL), an optical and digital solutions company, to enhance networking and digital solutions for government institutions and enterprises. The partnership will also focus on government-driven connectivity projects to offer connectivity and networking solutions, Noika said in a statement. «The collaboration will accelerate the Industry 4.0 revolution. By leveraging these solutions, businesses can gain a competitive edge and drive transformation with disruptive technologies,» the statement said. Both companies will strengthen enterprise networks, providing high-speed, high availability, low-latency connections for applications such as 5G, IoT ( Internet of Things), data centre interconnect, supply chain efficiency, real-time data analytics, and generative AI use cases, according to the statement.

China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark.

BSE data. RK Swamy IPO retail investors portion has been subscribed 2.26 times, Non Institutional Investors (NII) portion is booked 52%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. The employee portion has been subscribed 16%.

Also Read- Adani Ports share price hits record high as cargo volumes surge 33% in February While Based on volumes reported by OEMs, Jefferies estimate domestic two-wheeler wholesales rising by 35% YoY in February, which was the fifth consecutive month of more than 15% growth (yer-to-date-FY24: 13%), even export volumes showed a strong trend and grew around 45% YoY in February. TVS Bajaj Auto reported the highest 24-33% YoY growth. “Versus our estimates, volumes were better for TVS Motor Company and Hero MotoCorp and mostly inline for others", said analysts at Jefferies.

Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash.

MintGenie, Nayar said that SoftPOS technology transforms regular smartphones or tablets into payment terminals, eliminating the need for separate hardware. Payment service providers are utilizing the Open Network for Digital Commerce (ONDC) to streamline customer experiences by integrating with its infrastructure. Through ONDC, providers can access a standardized platform, facilitating interoperability among various digital commerce players.

Telegram with its new chat interoperability feature. The new feature is being developed in response to Europe's Digital Markets Act (DMA) regulations, which give large companies or 'gatekeepers' six months to facilitate communication between different messaging apps. According to a report from WABetainfo, WhatsApp is working on a new section for third-party chats, which is currently available in WhatsApp beta version 2.24.5.18.

RK Swamy IPO: The initial public offering (IPO) of RK Swamy Limited is going to hit the Indian primary market today. The public issue will remain for subscribers till 6th March 2024. The integrated marketing communications company has fixed the RK Swamy IPO price band at ₹270 to ₹288 per equity share.

Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates have ended their summit after failing to reach agreements on several major initiatives

Vedanta: Parent of Mumbai-based mining giant Vedanta Limited, Vedanta Resources has plans to reduce its debt by as much as $3 billion over the next three years, according to a senior official at an analyst meeting. The company has no plans to roll over its loans in the upcoming years. “Our priority is deleveraging.

Shiba Inu (SHIB), a meme coin that has captured the attention of the cryptocurrency market, experienced a notable increase of 10.17% over the last 24 hours, bringing its price to $0.000022.

BENGALURU : India’s top IT services company will grow at its slowest pace this year, but for the year ahead, it has nothing short of a growth blitz in mind. Tata Consultancy Services (TCS) chief executive K. Krithivasan and Tata Sons chairman Natarajan Chandrasekaran huddled with the company’s top 800 executives last week to sketch out a detailed plan for the company’s future, two executives privy to the Abu Dhabi gathering said.

Mean Girls musical remake, known for its edgy humor and satirical take on high school life, faced criticism for a controversial joke directed at Lindsay Lohan, the original star of the iconic franchise. The joke, perceived as hurtful, has been strategically excised from the digital release, showcasing the evolving dynamics of content alteration in the digital era, as per a report by Movieweb.

Elsbeth Tascioni, in the new spinoff series titled «Elsbeth,» a continuation of her acclaimed portrayal from "The Good Wife" and «The Good Fight.» However, for those eager to watch the series, there's a specific platform you'll need to access.

By Stephanie Kelly

LIC Housing Finance Ltd (LICHFL) plans to raise funds through green bonds in the next financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects," LIC Housing Finance managing director and chief executive Tribhuwan Adhikari was quoted by PTI.

Lupin Digital Health (LDH), a digital therapeutics platform for cardiac rehabilitation, plans to increase its customer base 10 times over the next year, as it expand its presence by entering new cities and onboards new hospitals, Sidharth Srinivasan, CEO of Lupin Digital Health told Mint in an interview. The company has 5,000 paying patients and is confident of achieving it with the help of an augmented programme prescribing cardiologists as it prepares to expand its affiliation with 75 more hospitals spanning 35-40 cities across the country.