Digital Financial News

₹10 each, according to the company's Draft Red Herring Prospectus (DRHP). The IPO does not have any offer-for-sale (OFS) component. Ullu Digital has reserved a portion of 3,15,600 equity shares of face value of Rs.

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, announced the launch of two new staking products in collaboration with Lido Finance, a leading liquid staking platform. These products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH).

Following last year’s closure of crypto checkout gateway Wyre, non-custodial wallet RockWallet is stepping in to acquire its user base.

Citigroup Inc. has carried out a simulation which shows how a private equity fund can be tokenized on a blockchain network, potentially paving the way for greater adoption of distributed ledger technology on Wall Street.

The trading pairs involving First Digital USD (FDUSD) have seen a surge in trading volume on Binance, reaching its highest share ever in spot trading volume on the exchange.

Department of Telecommunications (DoT) has launched the 'Sangam: Digital Twin' initiative, which will help in infrastructure planning by utilising artificial intelligence (AI), machine learning (ML) and internet of things (IoT). The digital twin technology offers a solution by creating virtual replicas of physical assets, allowing for real-time monitoring, simulation and analysis for experimental iterations. It aims to demonstrate practical implementation of innovative infrastructure planning solutions. The DoT has invited industry pioneers, startups, MSMEs, academia, innovators and forward-thinkers to participate in Sangam's outreach programmes. Interested stakeholders can apply till March 15.

TeamLease EdTech and the National Skill Development Corporation (NSDC) have entered a partnership designed to foster employability through skill development by endorsing work-integrated degree programmes Digivarsity, TeamLease EdTech’s tech-first platform that integrates academic study with real-world work experiences, will now synergise with Skill India Digital, offering candidates enhanced access to higher education and employment opportunities.

Sovereign Gold Bond Scheme 2023–24 Series IV schedule for the fiscal year 2023-2024. The SGB Series 2023-24 Series IV opened for subscription on February 12, 2024. The current SGB tranche will close for subscriptions on February 16, 2024.

A new cryptocurrency has emerged as a serious threat to challenge the dominance of Dogecoin (DOGE) and its chief competitor, Shiba Inu (SHIB). That digital asset is Retik Finance (RETIK), an innovative crypto platform offering real-world utility through its suite of decentralized financial services and products. Retik tokens are available in presale for just $0.12, presenting a compelling entry point for investors.

₹1413.30 in intra-day deals on Thursday, February 15 after the largest private sector lender informed in a press release that has witnessed healthy growth in its Home Loan Business post its merger with HDFC. The lender announced that its home loan business experienced a stable and healthy double-digit YoY growth for two quarters, ending December 31, 2023. The growth in sales turnover has come on the back of a wider distribution network with a 3.6 percent sequential growth as of December 2023, the highest amongst peers in home loans.

Mint. However, a pick up in the purchase of gold is expected during the second half of the year, as good monsoons are likely to see a spurt in the demand for the yellow metal and as consumers adjust to higher prices, Somasundaram said. "There is going to be a spurt in demand for gold after general elections, as people will have more money in hand," he added.

Tata Neu, positioned as a 'super app.' However, Tata Digital denies any ongoing talks, and Uber has not responded to queries. Tata Neu, part of Tata Digital, aspires to cater to 50% of an average customer's daily, monthly, and annual needs. However, it faces challenges such as stagnation in user growth and low customer engagement.

“We believe that 2024-25 will be the year where we see a structural shift in demand-supply dynamics for Government bonds,” says Devang Shah, Co-Head, Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah said: “We expect RBI to ease its liquidity stance from April 2024 and expect RBI to cut rates in H2 on account of lower inflation and benign global interest rate cycle,” Edited excerpts: How do you rate the Interim Budget on a scale of 1-10 (10 being the best) and why? Devang Shah: We will rate the budget as good -10 out of 10 from a fixed income markets perspective. We were looking at the fiscal consolidation and gross and net borrowing numbers, and the budget has delivered a path for fiscal consolidation.

The central bank in January opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion. Speaking before a European parliament committee, ECB board member Piero Cipollone, reassured MEPs that the central bank is not launching any of the development now, but instead is drawing up "framework agreements" that could be used in the coming years to develop the relevant components if the decision to launch the digital euro is taken."We need to be prepared for such an event," he says.

14 February 2024 –Param Labs, a leader in game and technology development, and Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, today announced a strategic partnership to leverage Animoca Brands’ expertise to bolster Param Labs’ go-to-market strategy, particularly in the area of launching innovative Web3 products, and to refine Param Labs’ blockchain and token economy design.

Meghan Markle and Prince Harry, a dynamic couple reinventing the royal narrative, are encouraging a legacy of strength, compassion, and unity in a world that is going through changes always.

On February 14 the company behind Oreo and Cadbury Chocolate, Mondelēz International, announced that it’s joining the Hedera Council, the entity that governs the Hedera Network, “a sustainable public ledger for the decentralized economy.”

It has been an uphill market since the SEC decision on Bitcoin ETFs, even though we had to wait for over ten years. The SEC finally gave the green light for 11 spot Bitcoin ETFs on January 10, notably Grayscale, Fidelity, and BlackRock, thereby allowing investing in BTC ETFs in the United States.

Tata Group has initiated discussions with Uber Technologies to forge a strategic partnership with an aim to bump up traffic volumes and engagement on Tata's digital platform, said people with knowledge of the matter. The collaboration could entail integrating Uber's services as an 'anchor app' within that ecosystem. Tata Neu, positioned as a 'super app', has encountered challenges, including stagnation in user growth and low customer engagement, said people aware of the matter. Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete. Tata Digital, which runs Tata Neu, denied that any talks are ongoing. Uber did not respond to ET's queries.

«I've always embraced an active presence on social media, recognising its potential to connect with a broader audience beyond the confines of traditional communication,» said Sindhu Gangadharan, managing director of SAP Labs India. To her, visibility on social media and YouTube is more than just a personal pursuit.