Digital Financial News
23.02 / 05:43
Digital
Entertainment
Sony
reports
rights
Sony Music India FY23 net up 11% at Rs 227 crore
net profit at Rs 227 crore for the fiscal ended March 2023. The company had recorded a net profit of Rs 204 crore in the previous fiscal. According to the company's financial data sourced by Tofler, operating revenue increased 26% to Rs 745 crore, with 64% of the revenue coming from outside India.
23.02 / 04:25
Digital
Bitcoin news
Remark
NVIDIA
Bitcoin
reports
Bitcoin Price Prediction as BTC Steady Over $51,000 After NVIDIA Earnings Report – New Rally Starting?
Following NVIDIA’s remarkable fourth-quarter earnings revelation, with revenue leaping to $22.1 billion and earnings per share hitting new highs, the financial sphere is abuzz, significantly affecting sectors beyond traditional markets, notably cryptocurrencies and Bitcoin.
23.02 / 04:17
UPS
Digital
Platform
Trade
information
reports
Advyzon strikes up another tech collaboration
Fintech Advyzon has inked a new partnership to help enhance the custody and investment account administration process for registered independent advisors.
23.02 / 01:55
Blockchain
Provident
Digital
Platform
security
Japanese Mega-firms Mitsubishi UFJ, Rakuten, Mizuho to Launch Security Tokens Offering
Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.”
23.02 / 01:55
Digital
Bill
crypto regulation
reports
Features
Courts
UK Law Commission Seeks To Classify Cryptocurrencies As “Property” In New Draft Bill
Freshly proposed UK legislation would see cryptocurrencies officially classified as a new form of property, establishing greater legal certainty around digital assets at large.
23.02 / 01:55
BTC
Digital
ETF
Trade
Bitcoin
Bitcoin Etf
Bitcoin ETFs Return To Outflows Amid GBTC Sale Revival
Bitcoin ETFs had their first day of net negative outflows for the month of February on Wednesday– a possible sign that hype around the investment vehicles is starting to die down.
23.02 / 01:13
markets
Digital
ETF
security
Bitcoin
inclusion
Courts
Bitcoin fair value still zero despite ETF inclusion: ECB Blogpost
Bitcoin is still a pernicious phenomenon with no intrinsic value despite its US approval as an asset for inclusion in Exchange-Traded Funds, two European Central Bank staff members wrote. The blogpost on Thursday by Ulrich Bindseil, the Frankfurt institution's market infrastructure and payments director general, and Juergen Schaaf, an adviser, reiterates their long-held view that the digital currency presents risks to both society and the environment.
23.02 / 00:43
markets
IPO
Digital
Booking
Trade
stage
Schools
Elevation Capital’s massive gamble on Paytm backfires
Elevation Capital, the largest institutional shareholder in One 97 Communications-- owner of digital payments brand Paytm-- is staring at a massive erosion in the worth of its holding, amid a free-fall in the shares of the beleaguered company following the regulatory ban on its payment bank operations that comes into effect on March 15. The Ravi Adusumalli-led fund’s 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore at the end of trading on Thursday.
23.02 / 00:43
UPS
Digital
Platform
Interface
Department
RBI is pushing UPI-like credit platform for farmers, MSMEs
Reserve Bank of India is pushing for the wider adoption of an open-source credit disbursal platform similar to the Unified Payments Interface for digital payments, to make it easier for farmers and owners of small businesses to access credit. While disbursal of consumer loans through a digital interface has become common, farmers and people who run small businesses still need to queue up at their local bank branches and the land records department for days to access agriculture loans and take Kisan credit cards.
23.02 / 00:43
COST
Provident
Digital
Platform
Action
students
Elevation Capital says fintech companies building tailored products are finding takers
regulatory challenges imposing higher governance costs, procedural delays and hurdles in establishing partnerships with banks for fintech firms, such actions serve as a runway for them to build a scalable platform in the long run, said senior partners at early-stage venture capital investor firm Elevation Capital. “I think getting a regulatory clarity might make your task tougher because it adds governance and governance cost and it may make your task longer. But I think it provides a nice runway for you to scale and become a scalable platform,” Mridul Arora, partner at Elevation Capital, said.
23.02 / 00:33
markets
Digital
Manufacturing
Sustainability
electronic
reports
Japan’s Kioxia, Western Digital to resume merger talks in April- Asahi
Investing.com-- Semiconductor maker Kioxia Holdings and U.S. partner Western Digital Corporation (NASDAQ:WDC) will resume negotiations for a potential merger in late-April 2024, Japanese newspaper Asahi Shimbun reported on Friday.
22.02 / 21:11
COST
Digital
Software
reports
compliance
Financial
Financial crime compliance costs reach $61B for financial institutions
Remaining compliant with the regulations on financial crime are increasingly costly for financial institutions in the US and Canada, according to a new report.
22.02 / 21:07
Target
Digital
Sustainability
NVIDIA
Trade
reports
SMCI stock: Could Super Micro shares really add another 60%
Shares of Super Micro Computer (NASDAQ:SMCI) continued their relentless ascent on Thursday, surging more than 35% during the session. The SMCI stock has had one of the most impressive starts to 2024 among tech stocks, gaining over 235% year-to-date, prompting many analysts to ask: Is the SMCI stock in a bubble?
22.02 / 19:23
UPS
Digital
Racing
Software
AGRO
Schools
Patanjali's late bid for Rolta Spurs more to join the race
bidders are queueing up for the debt-laden Rolta India after the National Company Law Tribunal (NCLT) allowed Patanjali Ayurved to submit a late bid for the company. Welspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact, the Mumbai bench of the NCLT gave all new bidders time till February 25 to submit a formal expression of interest.
22.02 / 18:18
UPS
Digital
Platform
Election
Trade
reports
International
Rush hour for cabinet as election code looms
₹43,700 crore trans-shipment terminal at Great Nicobar island, and digitally connecting agencies in the debt resolution ecosystem are among key proposals awaiting cabinet nod. Major decisions are expected in the areas of infrastructure and public service. The proposal for the International Container Transshipment Terminal in Great Nicobar island that the Cabinet will consider is under the public-private partnership model, said one of the persons quoted above.
22.02 / 17:19
22.02 / 15:09
Digital
security
Strategy
CoinShares
Bitcoin
exclusive
Meltem Demirors in Coinshares Reshuffle, No Longer on Executive Committee
Meltem Demirors, the former chief strategy officer of CoinShares, was part of a reshuffle at the firm and is no longer on the executive committee.
22.02 / 13:54
UPS
Citi
Digital
Micron
Virus
Features
peace
Best air purifier under ₹5000: Our 7 picks for pristine air quality indoors
₹5,000, featuring 7 top picks. Indoor air quality is increasingly vital in today’s world and these budget-friendly solutions offer peace of mind and cleaner living spaces, especially if you live in big cities where pollution is at an all-time-high. Our picks include air purifiers with compact designs and powerful filtration systems, making each purifier a meticulously chosen device to meet varying needs of different users while staying within budget constraints.
22.02 / 13:54
Provident
Digital
Food
performer
blues
stars
Features
Best Samsung single door fridge: Top 10 picks to stay cool this summer
1. Samsung 183 L Single Door Refrigerator (RR20C1723R8/HL) The Samsung 183 L Single Door Refrigerator offers stylish design and efficient cooling. With a capacity of 183 liters, it's suitable for small families.
22.02 / 12:55
UPS
BLOCK
Digital
Trade
Bitcoin
information
diving
Advantages and disadvantages of cryptocurrency
As an example,Bitcoin (BTC)'s price grew by a whopping 155% from the start till the end of 2023. Such high returns naturally get the attention of investors looking to add to their wealth. But before you jump on this train, it makes sense to get a lay of the land. In this article, we'll highlight the advantages and disadvantages of crypto investing in India. This will allow you to make an informed decision about whether to invest in this blossoming asset class or not. But before we dive in, let's understand what are cryptocurrency actually is.
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