Digital Financial News

By Munsif Vengattil and M. Sriram

(Updated — February 29, 2024 11:21 AM EST)

Mint poll by 17 economists had projected GDP growth at 6.6%. Not only is the growth in October-December high, but the figures for July-September and April-June have also been revised upwards—mainly due to a downward revision in the previous year's figures, thus making a low base. The GDP numbers for April-June and July-September have been revised upwards to 8.2% and 8.1% respectively, up from the earlier figures of 7.8% and 7.6%.

Poor Things" is all set to be released on OTT streaming platform in March. Emma Stone-starrer has received Academy nominations for as many as 11 categories. These include lead actress, best picture and director for filmmaker Yorgos Lanthimos, as per a report in Variety. The film, which also features Willem Dafoe and Willem Dafoe, will premier on Hulu on March 7.

News industry lawsuits are piling up for OpenAI, the company behind artificial intelligence-fueled chatbot ChatGPT

Six years after it launched in the U.S. before expanding across the globe, Webull is about to take a big step in its journey.

As we stand at the forefront of digital innovation, we are reminded of a powerful fact – Africa is set to have 1/3 of the world’s youth by 2030 and is one of the fastest-growing continents globally. The time is now for Africa to rise.

NPST on Thursday announced that it has secured a contract for an Online Dispute Resolution (ODR) solution from DCB Bank. Private sector lender DCB Bank will implement NPST's ODR to streamline customer complaint addressal, enhance efficiency and rationalise operational and compliance costs, the company said in a release. NPSI focuses on UPI payments and digital banking solutions. It functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), it said. «NPST's Online Dispute Resolution solution aligns with DCB Bank's customer-centric ethos, ensuring safe and secure payments while fostering loyalty-building interactions and driving productivity and cost savings,» Deepak Chand Thakur, Co-founder and CEO of NPST, said.

By Jonathan Stempel

Nowadays decentralization has emerged as a beacon of innovation, promising to redefine our interaction with money, assets, and transactions. At the heart of this transformation is Xuirin Finance, a pioneering platform that’s not just participating in the decentralized finance (DeFi) movement but leading it. With its advanced suite of offerings, Xuirin is on a mission to revolutionize the DeFi niche, making it more accessible, efficient, and secure for users worldwide.

Shares of Alkem Laboratories Ltd.(up 2.75 per cent), Torrent Pharmaceuticals Ltd.(up 2.03 per cent), Biocon Ltd.(up 2.02 per cent), Glenmark Pharmaceuticals Ltd.(up 1.53 per cent) and Natco Pharma Ltd.(up 1.18 per cent) ended the day as top gainers in the pack.

The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition.

India on Thursday pitched for re-examination of the implications of the customs duties moratorium on e-commerce trade for developing and least developed member nations of the WTO. India is not in favour of further continuation of the moratorium of customs duties on e-commerce trade as it is impacting developing countries. The issue came up for discussion during a session of a work programme on e-commerce at the World Trade Organization's 13th Ministerial Conference, which entered its last day on Thursday.

Stock market today: Amid high volatility in the Indian stock market, Paisalo Digital shares witnessed strong buying interest on Thursday. The NBFC stock today opened upside and went on to touch an intraday high of ₹183 apiece on the NSE, logging around a 15 percent intraday rise.

Real-time data platform Aerospike has appointed Khushal Bhansali as its country head for India and South Asia. In his new role, Bhansali will lead Aerospike's business operations for these markets, focusing on expanding the company's presence, driving growth, and delivering exceptional customer service.

PM Modi and said that it marks another great moment for the remarkable and exemplary partnership between Mauritius and India. He added that with the digital payment connectivity, the ties between India and Mauritius have entered a new dimension. “Indeed we are making history today on the Islands of Agaléga, where the inauguration of new airstrip, new jetty, and several other development projects.

Financial Literacy Week (FLW) to improve the public's understanding of financial concepts and products, enabling them to make well-informed decisions for their financial well-being. The chosen theme for the ‘Financial Literacy Week’, scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Intelligence". The annual ‘Financial Literacy Week’ aims to promote the utilization of formal banking and financial services, discouraging reliance on informal or unreliable sources.

Notwithstanding the UPI’s success story that has earned commendation in India and overseas with volume of transactions surging at a frantic pace, the unanticipated crackdown on Paytm Payments Bank has caught everyone by surprise.    

Bitcoin (BTC/USD) surged to $61,400, marking an impressive 8% increase on Thursday. This uptick coincides with Marathon Digital’s introduction of the Anduro Layer-2 network, aimed at amplifying Bitcoin’s scalability and fostering innovation within the digital currency sphere.

Marathon Digital, a prominent  Bitcoin (BTC)  mining company based in the United States, has seen a remarkable surge in revenue in 2023, leading the company to achieve substantial profitability. 

Authorities in Nigeria have detained two senior Binance executives and confiscated their passports as the country cracks down on crypto exchanges.