Digital Financial News

Financial Literacy Week (FLW). The primary goal is to convey messages regarding financial education to the general public, fostering the empowerment of individuals to adopt responsible financial behaviour and make informed financial decisions. The designated theme for the Financial Literacy Week scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Savvy".

Finance minister Nirmala Sitharaman urged industry to “join in a big way" the national effort to push India’s growth trajectory higher. Speaking at an event on Tuesday, she said that global investments are flowing to India and called on India Inc to look for greater joint-venture partnerships around the world. “You are here, you are watching the situation, watching the flow of investment capital," she said.

Speaking at an event on Monday, Prime Minister Narendra Modi said, “I want to take the government out of the lives of people. Especially, I don’t approve of government interference in the lives of the middle-class. What is the need of the government everyday and at every step? We should create such a society where government interference is minimal." For the poor, the Indian state would offer support to fulfil basic needs, but for the rest, he said he would end unnecessary intervention as part of his governance agenda over the next five years.

S Jaishankar answers why India-US ties bloomed during Donald Trump's presidency The previous homeland security dialogue took place in January 2022. 1. According to ANI news agency, India is likely to discuss issues linked to Khalistani separatist Gurpatwant Singh Pannun and several fugitives residing in the US.

Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers

The European Union is looking into Microsoft’s partnership with French startup Mistral AI

the two-year budget plans they passed last week. The Senate went beyond the House of Delegates in also applying it to business-to-business transactions.

Poor Things" is being released online as one can watch film, which has 11 Oscars nominations, at home, as per a report in Hollywood Reporter. «Poor Things» is available on Prime Video and Apple TV for rent and purchase.

security and risk management (SRM) in India is estimated to be $2.9 billion in 2024, up 12.4% from 2023, showed the latest forecast from Gartner. The expected increase comes at a time when organisations are ramping up security spending due to legacy IT modernisation using cloud technology, demand for digital platforms, updated regulatory environment and continuing remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritise their spending on SRM to improve organisational resilience and compliance,” said Shailendra Upadhyay, senior principal, Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital data protection, CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.”

ransomware attacks have happened since January 2023. The data indicates that the average ransom in 2023 was $1.54 million, almost double the 2022 figure of $812,380. What are Ransomware attacks? Ransomware attacks involve malicious software that encrypts files on a victim's computer or network, rendering them inaccessible until a ransom is paid. These attacks can have devastating consequences for SMEs, ranging from financial losses and operational disruptions to reputational damage. Therefore, it is essential for SMEs to adopt proactive measures to mitigate the risk of ransomware attacks and protect their valuable assets.

Denim clothing giant Wrangler, which entered the Wild West of non-fungible tokens (NFTs) in 2022, is not rolling out exclusive NFC-chip integrated clothing solely for its NFT holders.

ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an  Ethereum (ETH)  staking exchange-traded product (ETP). 

Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.

Investing.com — Macy's (NYSE:M) has unveiled an annual net sales forecast that missed average analyst estimates, as the Bloomingdale's owner unveiled strategy overhaul aimed at creating a «more modern» business.

Injective and Celestia have announced airdrops for their token holders in the coming months.

digital infrastructure that they use to generate large revenue, a top executive at global telecom industry body GSMA said, adding that a revenue share with telcos won’t lead to higher content costs for consumers. Julian Gorman, head of Asia Pacific at GSMA, told ET that the increasing demand for content is pushing telcos to make higher investments in expanding the digital infrastructure, leading to an investment gap, which needs to be addressed at a global level. “The concept of fair share is being discussed broadly across the world… I think the challenge, the overall problem is how the countries in the world build the infrastructure to support the digital future,” said Gorman.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said.

Bristol Myers Squibb aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday. The $100-million facility, inaugurated by Boerner on Monday, is expected to employ over 1,500 employees and will be used to enhance its drug development through the use of digital technologies and artificial intelligence, he said in his keynote speech at the BioAsia conference. Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International.

TV advertising is touted to touch Rs 9872 crore in 2026, up from Rs 4586 crore in 2023, on the back of growing connected TV (CTV) penetration, says a GroupM report titled 'The Changing Landscape of Indian Television'. Addressable TV refers to content that is consumed across on-demand, linear, and live streaming. The report highlighted that the total number of CTV households is expected to grow by 32% to reach over 45 million households by the end of 2024. Furthermore, the report adds that there has been a 117% growth in the number of unique CTV devices from 2022 to 2023.

SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.