Digital Financial News

Corporate India is stepping up education and skilling-specific endeavours at the school level, particularly on the digital literacy front. Companies including Larsen & Toubro, P&G India, Dell Technologies, Mphasis, Infosys and HUL are, through their corporate social responsibility (CSR) initiatives, rolling out smart classrooms and learning centres for the underprivileged; fixing learning gaps to enable improved outcomes; enhancing educational infrastructure; training teachers in techno-pedagogy; and driving digital inclusion. L&T's STEM Education programme 'Engineering Futures', running in government and resource-poor trust-run schools, equips students with knowledge and skills in science, technology, engineering, and math (STEM). The programme has reached 38,545 students from 6th-8th grades across 205 schools and 713 teachers were trained in techno-pedagogy.

Edited Excerpts: So, most of it came from the model of ebookers, a travel aggregator company. MakeMyTrip and Yatra were already ruling the travel booking business. We wanted to create an aggregator platform but we didn't want to be the third best in the country, since there were already travel booking platforms in India.

Reserve Bank of India (RBI) has urged the National Payments Corporation of India (NPCI) to evaluate One97 Communication Ltd's (OCL) request to become a Third-Party Application Provider (TPAP) for the UPI channel so that the Paytm app can continue to operate. "@paytm" handles can be easily moved from Paytm Payments Bank to a few newly designated banks when the OCL gets clearance from NPCI. Also read: Can you use Paytm FASTag after March 15?

RBI) has permitted authorised bank and non-bank and non-bank prepaid payment instrument (PPI) issuers to issue cards for making payments across various public transport systems. The latest move is set to make travel plans for commuters more convenient and hassle-free as they will be able to travel across platforms such as bus, metro, train and even pay for the parking fee by using just one card. “Public transport systems across the country cater to a multitude of commuters on a daily basis.

Polite society can agree on certain unwritten rules when it comes to our digital devices. If someone is talking to you, remove at least one AirPod. (Yes, even with “Conversation Awareness" active.) If you get invited to someone’s wedding, don’t post a group selfie where the bride is sneezing, no matter how great you look in your Anthropologie shift.

startup ecosystems and Indonesia's startup ecosystem has been rapidly growing, fueled by a large young population and increasing internet penetration. There is immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange, Indonesia’s Creative Economy and Tourism Minister Sandiaga Salahuddin Uno has told ET. By sharing best practices and expertise, India and Indonesia can empower entrepreneurs, startups, and creative professionals to harness the full potential of digital technologies for innovation, growth, and social impact, Sandiaga who is in Delhi to participate in the Raisina Dialogue (India’s premier foreign policy dialogue) told ET in an exclusive interview. “There is great potential for partnership between Indian and Indonesian startups across-sectors — technology, e-commerce, fintech, healthcare, agriculture, and renewable energy,” the visiting Minister pointed out. “I recognize the immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange.”

External Affairs Minister S Jaishankar, while speaking on his book «Why Bharat Matters», said that whether you're an Indian national or someone living abroad, it is important to understand 'Why Bharat Matters', because it will be bigger in the coming decade and in the century. While speaking at the Raisina Dialogue 2024, Jaishankar said on Friday, «I wrote the book because I was really convinced it was important to present an argument today why, whether you are a national of this country or whether you are someone living abroad, it's important to understand, why Bharat matters, that we will be bigger in everybody's lives in the coming decade and the coming century.» He further explained that the book is about the state of the world, globalization, technology and digital.

A new project brewing on the Ethereum Blockchain has recently caught the attention of crypto enthusiasts not only for its ability to store value, but also for its enormous potential for compound growth post-ICO.

S Jaishankar, unveiled a compelling message: understanding India's trajectory is crucial, not just for Indians, but for the global community. His book, "Why Bharat Matters," serves as a powerful call to action, urging readers to recognize India's ascent as a major player on the world stage. While speaking at the Raisina Dialogue 2024, Jaishankar said on February 23 “whether you're an Indian national or someone living abroad, it's important to understand why Bharat matters, because it will be bigger in everybody's lives in the coming decade and the coming century," as quoted by ANI.

On February 22, the European Central Bank (ECB) described Bitcoin as a ‘dead cat’ and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB’s stance and credibility.

Procurement of services through government buying portal GeM touched Rs 1.82 lakh crore as of February 22, an official statement said on Friday. It was Rs 8,500 crore in 2020-21, the commerce ministry said. It added that two bids placed by South Eastern Coalfield Limited, a subsidiary of Coal India Limited, worth nearly Rs 40,000 crore, have catapulted the share of service procurement this month. GeM CEO P K Singh said that the GeM has harnessed digital capabilities and has emerged as a one-stop-shop for procurement of all possible services that may be required by Government buyers at various levels of administration.

A 2022 Citi report predicted that the Metaverse economy could be worth up to $13 trillion by 2030. While the buzz has since subsided, the BIS says that if the metaverse does succeed there will be important implications for the digital economy that will see new demands on payment services, "for instance that they be fast, programmable and cross-border". Metaverse promotors such as Meta have talked up the role of cryptocurrencies and stablecoins. However, the BIS paper argues for the importance of competition, interoperability, consumer protection and data privacy. With this in mind, CBDCs and interlinked domestic fast payment systems could prove better options.

The rally in tech stocks is showing no signs of slowing down as investors continue to pile into the sector due to the nonstop buzz related to artificial intelligence (AI).

Paytm app, after the latest orders from the banking authorities? However, customers can heave a sigh of relief as unified payments interface (UPI) payments will not be affected through any of the latest directives. In its latest order, the Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to examine the possibility of migrating Paytm Payments Bank Limited (PPBL) customers using the UPI handle '@paytm' to 4-5 other banks, in order to prevent any disruptions in the payment ecosystem.

New Delhi (India), February 23: Traditionally, advertising was akin to casting a wide net with billboards and print ads broadcasting generic messages to the masses in hopes of resonating with a select few. However, the advent of digital advertising, bolstered by AI, has transformed this scattergun approach. AI-powered platforms meticulously analyse extensive user data, deciphering online behaviours, interests, and unique traits, providing the foundation for industry giants like Google and Meta to flourish, generating hundreds of billions in revenue.

Blue-chip NFT collection Pudgy Penguins has partnered with Unstoppable Domains to introduce “.pudgy” domain names. 

A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea

Reserve Bank of India (RBI) on Friday amended the Master Direction on Prepaid Payment Instruments (PPI), where it has allowed authorised bank and non-bank PPI issuers to issue PPIs for making payments across various public transport systems. The apex bank noted that, across India, public transport systems cater to a multitude of commuters on a daily basis. «To provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, it has been decided to permit authorised bank and non-bank PPI issuers to issue PPIs for making payments across various public transport systems,» the RBI said in a notification.

₹10,000 crore. The company has an ambitious goal of becoming the number two player with a double digit market share in decorative paints in the medium term. The company is targeting ₹10,000 crore revenue from the paints business and expects it to turn net profit positive in FY28.

The recent changes in tax regulations have spurred numerous investors and taxpayers to explore the potential tax-saving benefits of allocating a portion of their earnings to their Employee Provident Fund (EPF) accounts over the long term. Additionally, individuals holding Provident Fund (PF) are keen to understand post-retirement pension disbursement, highlighting the necessity of acquiring knowledge about essential concepts such as the Pension Payment Order (PPO) and related matters. Also Read: Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution?

The Reserve Bank of India (RBI) gives the highest importance to the security controls around the digital payment systems in India. There is a lot of emphasis on the safety and security of digital transactions for their users. “In an era of digital transformation, RBI has taken significant strides to ensure the sanctity and safety of digital payments. By implementing specific OTPs for new payees, individual OTPs for high-value transactions, and limited OTP time windows, their measures, including the use of advanced encryption and authentication technologies, second channel notifications, and risk-based transaction monitoring, underscore a commitment to fostering a secure, reliable, and resilient digital payments ecosystem," said Kunal Varma, CEO and Co-Founder, Freo.