Digital Financial News

Britain’s Conservative Party faces the nightmare of an election this year after the economy has dipped into recession, and the Tories have no one to blame but themselves. At least their predicament is a warning for others. The U.K.

Dipan Mehta, Director, Elixir Equities, says “it is fantastic that the thunder is missing in the market because if the market goes up quietly, then one can certainly say that the froth is not there and the risks are lower. But we are seeing a lot of liquidity coming in. The thunder is missing because a lot of money is coming through institutional managers, especially mutual funds or through portfolio managers. So, the percentage of professionals managing the money compared to just raw retail coming to the market is significantly higher in this bull market than ever before.” I specifically want to talk to you about Union Bank, if you track that one, because I think it is the second QIP that the bank is doing within a matter of 8-10 months. Dipan Mehta: Union Bank is following a very sensible strategy while the going is good and there is much interest in banking stocks and the performance also has improved. They are using this opportunity to shore up their capital and eventually that will translate into higher growth rate because higher capital adequacy will enable them to drive their credit book as well and they will be able to utilise the entire brand and the distribution network to perhaps lend more.

Raisina Dialogue will witness the participation of Ministers, former Heads of State and Heads of Government, Military Commanders, Captains of Industry, Technology Leaders, Academics, Journalists, Scholars on Strategic Affairs, Experts from leading Think Tanks, and youth from more than 100 nations. Over the course of three days, decision makers and thought leaders from around the world will engage each other across conversations in various formats, the MEA said in a statement.

Tron blockchain network, a decision the company said on Wednesday «aligned with its efforts to ensure that USDC remained trusted, transparent and safe». Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.

Brookfield Asset Management Ltd. is beginning early-stage discussions about its next infrastructure product, two months after it closed a record fund that it’s deploying into transportation, telecom and other hard assets.

Investing.com — The surge in the Super Micro Computer's (NASDAQ:SMCI) stock price has gathered significant momentum, thanks in no small part to the growing influence of artificial intelligence. The question now is whether that momentum can continue in the foreseeable future.

Investors tend to routinely monitor stock valuations, assessing whether they are expensive or reasonably priced.

Stellaris Venture Partners anticipates a significant uptick in deal activity within generative artificial intelligence (genAI) and sustainability, and has strategically integrated the emerging opportunities into its investment mandate, Rahul Chowdhri, partner, Stellaris Venture, said. The venture capital (VC) firm, which had raised its $225 million second fund in 2021, has backed software-as-a-service (SaaS), business-to- business (B2B) marketplaces, and consumer firms from the fund. “In the last two years, we have added gen AI and sustainability to our investment focus for fund II," said Chowdhri.

₹321.6 crore for the quarter ended December. During the corresponding period of the last fiscal, the company had reported a net loss of ₹401.3 crore. Its total income during the quarter under review was ₹1,929 crore, nearly 20% higher than ₹1,607.7 crore earned during Q3 FY23.

The European Union is looking into whether TikTok has broken the bloc’s strict new digital rules for cleaning up social media and keeping internet users safe

MOUNTAIN VIEW, CA, and NOIDA, India (Feb. 20, 2024) – HCLSoftware, an independent software division of HCLTech and a global leader in enterprise software solutions, is set to unveil its advanced artificial intelligence (AI) and sovereign cloud-fueled technology solutions showcasing innovations in delivering improved citizen-centric services at the Uttar Pradesh Groundbreaking Ceremony 4.0 (GBC 4.0) this week at the Indira Gandhi Pratishthan, Lucknow.

India will not support further continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), meeting in Abu Dhabi next week, an official said Tuesday, as besides loss of revenue for developing countries, it also constrains their policy space. New Delhi is of the view that e-commerce needs to be looked at from a development dimension and not from the “eyes of big tech companies”.

India’s AI market is growing at a CAGR of 25-35% and is projected to reach around $17 billion by 2027, according to a new report by BCG and IT industry apex body Nasscom. As the investments in AI continue to increase, the demand for AI talent in India is also expected to grow at 15% CAGR by 2027, the report, titled «AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI's Role in Turbocharging the Industry” launched on the sidelines of the Nasscom Technology & Leadership Forum 2024 said.

Mixero is helping people everywhere enjoy more private crypto transactions through its simple,powerful,anonymous mixing service

Samsung Semiconductor India Research has inaugurated its 'Samsung Innovation Campus' programme at the Visvesvaraya Technological University to upskill youth in future tech domains such as Artificial Intelligence (AI) and Internet of Things (IoT) and make them job-ready. Under the programme, Samsung Semiconductor India Research (SSIR) will train 1,100 undergraduate engineering students across Karnataka. Announcing that SSIR has launched the 'Samsung Innovation Campus' programme at Visvesvaraya Technological University (VTU), a release said the initiative underlines Samsung's commitment towards the government's Skill India initiative as part of the company's vision of powering digital India.

Kaspersky on Tuesday said 34 per cent of users in India were targeted by local threats in 2023, and that its products detected and blocked 74.3 million local incidents. These statistics represent the malicious programmes found directly on users' computers or removable media connected to them (flash drives, camera memory cards, phones, external hard drives) or that initially made their way onto the computer in non-open form (that is, programmes in complex installers or encrypted files). According to the latest report of Kaspersky, 34 per cent of users in India were targeted by local threats in the year 2023.

Amid Bitcoin’s current trade at $51,585 marks a modest 1% dip, spotlighting the resilience and volatility intrinsic to digital currencies. As the financial landscape evolves, with cryptocurrency exchange-traded products (ETPs) amassing $67 billion in assets—echoing the fervor of a December 2021 bull run—the spotlight intensifies on Bitcoin’s potential trajectory.

In a blog post, the ECB is at pains to debunk a number of myths about the role of a future digital euro, insisting that the new digital currency would be designed from the outset to preserve the economic function of commercial banks. It achieves this by placing strict limits on individual digital euro holdings and restricting merchants from hoarding digital euros processed at the checkout. Nor would the digital euro accrue interest - a feature which former Bank of England economist Andy Haldane has called out as "stealth tax scandal". Users would be able to seamlessly link their digital euro account to a payment account with their bank, says the ECB, enabling a 'reverse waterfall' mechanism.

As Presidents’ Day is celebrated in the United States, it prompts speculation about whether previous leaders of the country would have been interested in Bitcoin (BTC).

One 97 Communications, the parent company of Paytm, have recently shown significant upward movement, consistently hitting upper circuit limits in recent trading sessions. In today's trading session, the stock was locked at a 5% upper circuit limit at ₹376 apiece, marking the third consecutive day of a 5% rally.

Sanjiv Bhasin, Director, IIFL Securities, says, “private banks are now a much better space to grow rather than some of the PSUs. So, take some money off the PSUs. We are not saying totally exit but get into some of the quality largecap private banks including HDFC Bank. There will be a gradual incline and at a two-time price to book, HDFC Bank seems to be the largecap that can move. We are optimistic on all three – HDFC, ICICI and Kotak.” The Zee Entertainment stock continues to entertain. This morning again there are reports coming in which suggest that the merger talks are back on the table and probably we will hear more updates in the next 24 to 48 hours. What should one do as an investor or a trader? Sanjiv Bhasin: Lovely news being played out with both Paytm and Zee being contrarian. We hold both the stocks and we told you, you cannot get entertainment in India of the size of Zee at Rs 14,000 crore. I think there will be a huge breakthrough and if it does become an MNC, then God willing 350, 400, 500, anything is on the cards. All you have to do is go through this in the next 48 hours. I am very positive. Whatever the differences are, both the parties are sitting down. We will leave it up to that.