Digital Financial News

Financial inclusion has been one of the primary goals that the Government of India wants to achieve through its various initiatives. Access to efficient credit on demand is one of the important factors that will help in achieving this goal.

In the fast-paced digital economy, obtaining an instant loan online has become an increasingly popular choice for individuals seeking quick financial solutions. The convenience and speed offered by these online platforms can be a boon, but it is crucial for borrowers to tread carefully.

MintGenie, Bhattacharya said that India has benefited from a combination of local and global trends, including the Indian government’s favourable stance towards infrastructure development, geo-political diversification through initiatives like China+1, and the demographic dividend poised to favour India over the next 25 years. Although it was an interim budget in an election year, it adeptly strikes a balance, prioritizing sensibility over populism.

Russian parliament members could this week approve legislation that will allow firms in the nation to use “digital financial assets” in the international payments space.

Shweta Rajani, Head-Mutual Fund, Anand Rathi Wealth, says “any capital asset that you have held and sold like real estate, depending on the holding period will be categorised under short-term or long-term capital gain. You could have had unlisted equity or listed equity that made any gains on that. You could have debt mutual funds, you could have some bonds that you have sold. So, again, listed bonds or unlisted bonds – either way – will again come under the head of capital gains. So, a simple definition is any capital assets sold will have an implication of capital gains.” Let us start by talking about the role that taxation plays in one's investment decision-making process and to what extent investors must be wary of tax when they are deciding where they want to invest and where they want to park their money. Shweta Rajani: Since we are talking about tax and investments, both are actually interrelated. When you are taking your investment decisions, one of the factors that one must look at would be taxation. So, generally when we are looking at our investment opportunities, we would look at what can be the return expectation, what is the time horizon, what is the risk factor. Like that, I think liquidity and tax implications should be one key factor for determining whether you should invest in that instrument or not. So, it should be, a key selection criteria, while it should not be the only selection criteria.

“The Nifty was ~18400 in Oct 2021 and is now up just 20% from those levels and largely tracking earnings. One can hardly call that a bubble,” says Harendra Kumar, Managing Director, Head-Institutional Equities & Global Research, Elara Securities India. In an interview with ETMarkets, Kumar who has over 20 years of experience in financial markets said: “New age internet companies, Real Estate, financiers and wealth managers – will see a good decadal rally,” Edited excerpts: We have seen quite a bit of volatility in markets post-budget but the good news is that Nifty managed to hold on to crucial support levels. What is your take on markets – is it profit-taking after the recent run-up? Harendra Kumar: For the headline index – we see no risk, as there has been hardly price appreciation in the headline index.

Khosrowshahi at the Davos, he did not think that the CEO will stay at Uber for long, or that the company would survive for long. Taking to the microblogging website, X (formerly Twitter), the Mahindra Group Chairman said that Uber today is profitable with a market capital of $170 billion and has a disciplined corporate culture. He wrote: “I first met @dkhos in Davos shortly after he had taken the helm at @Uber.

Goldman strikes $1 billion private credit deal with Mubadala The growth investment firm drew commitments from the likes of private and public pension funds, university endowments and insurance companies for the Edda III fund, according to a statement. “We only invest in companies that pass our 2040 test," Bjarne Kveim Lie, Verdane’s co-founder and managing partner, said in an interview.

In the latest market activity, Bonk (BONK/USD) is trading at $0.000012, marking a increase of nearly 1% in the past 24 hours.

China’s highest prosecutorial authority is stepping up efforts to combat the growing wave of cybercrimes by targeting criminals who exploit blockchain and metaverse projects for illegal activities. 

Indian passenger vehicle industry — which saw a historic 27% growth in FY23 with sales of 3.90 million vehicles, and growing since the pandemic – has floored the pedal by engaging numerous social media influencers to further accelerate sales. And the strategy seems to be working just fine: most automakers have been able to sell cars to an increasingly informed set of buyers – who seemed to know pretty much everything about a vehicle before even stepping into a showroom. The content created by these influencers are consumed by prospective buyers across the country – driving an unprecedented market expansion, beyond the top-tier cities/towns.

On Sunday, Bitcoin demonstrates resilience with a 1.35% increase, trading at $51,600 on Sunday. This stability comes at a time when the Texas Blockchain Council and Riot Platforms achieve a notable legal victory against US energy regulators, securing a temporary restraining order that underscores the ongoing debate over cryptocurrency mining regulations.

BENGALURU : Artificial intelligence and generative AI, or GenAI, will inevitably disrupt existing roles, but that will also mean the emergence of new roles. McKinsey & Co.’s research, in fact, predicts that tech jobs will grow by 14% across all industries by 2032. For CEOs and other senior corporate leaders, that would mean thinking about the future of work with technology as a core element of everything they do, says Jacky Wright, McKinsey’s first-ever chief technology and platform officer.

Nifty50 closed below 22,200 levels. Sectorally, buying was seen in telecom, capital goods, realty, consumer durables and industrials while some selling was seen in oil & gas, public sector and energy stocks.

Vice Media's CEO has said in a memo to staff members that the troubled company plans to lay off several hundred employees

As the World Trade Organization opens its latest biannual meeting of government ministers on Monday, its longtime moratorium on duties on e-commerce products is coming under pressure like never before

When some people's cellphone service went down for a while because of an AT&T network outage, among the alternatives suggested were using landlines

₹2.03 lakh crore as of 2023. The financial year 2023 saw the opening of 35.9 million new PMJDY accounts, a rise from 28.6 million in FY22 and slightly less than 38.7 million in FY21. Despite this remarkable surge, a large number of accounts remain inactive or face duplication, signaling the need for more robust financial literacy and engagement strategies.

foreign investors. However, in the week ahead, some volatility is likely to kick in amid the expiry of the February derivative series.

Demon Slayer 2024 movie, "To the Hashira Training," is captivating audiences with its blend of the Swordsmith Village and Hashira Training arcs. As fans eagerly await its online release, here's a comprehensive guide to the movie's release dates, streaming schedule, and what to expect from this thrilling anime adventure.

Land of Bad" is an upcoming action movie starring Russell Crowe and Liam Hemsworth. Directed by the talent behind «Underwater» and "Paranormal Activity: Next of Kin," this film promises intense action and star power.