Digital Financial News

Crypto mining has quickly gone from an obscure industry to an industry so big that Bitcoin (BTC) mining alone consumes over 0.6% of the United States’s electricity, not to mention other minable coins such as Litecoin (LTC). Similarly to investing in energy stocks, mining crypto pits the allure of financial gain against environmental concerns. But it doesn’t have to be one or the other!

Hero MotoCorp has revealed the prices of its much awaited Mavrick 440. The flagship motorbike will be offered in the Base, Mild and Top variants. These are priced at ₹1.99 lakh, ₹2.14 lakh and ₹2.24 lakh, respectively.

MintGenie, Sadana said that customers should try to build a better credit history which in the long term would be significantly advantageous to them to get better credit products and terms in the future. We have seen increased credit accessibility for customers due to the digital revolution we have seen in the lending ecosystem.

₹109.3 crore as against ₹103.3 crore in the year-ago period. Meanwhile, its revenue from operations jumped 23.3 percent to ₹1,652.2 crore in Q3FY24 versus ₹1,339.6 crore in Q3FY23. On the operating front, the jewellery maker's EBITDA advanced 11.3 percent to ₹181.1 crore in the December FY24 quarter as compared to ₹162.7 crore in the December FY23 quarter.

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) said it has seen a rise in the number of Bitcoin transactions used in connection with human trafficking and online child exploitation cases.

Want to grow your business with digital marketing?iDigitalise emerges as a towering beacon of excellence, providing unparalleled performance marketing and technology consulting services to clients worldwide. With a robust presence spanning over 40 nations and a diverse industry clientele encompassing 165 esteemed partners, iDigitalise stands as a testament to its commitment to delivering exceptional results. The agency has achieved impressive ROI growth ranging from 4 to 25 times, showcasing its strategic acumen in optimising marketing efforts.

Sovereign Gold Bond: SGBs provide a secure and convenient method for investing in gold, offering several benefits such as safety, interest income, capital appreciation, tax advantages, and liquidity. They are particularly suitable for long-term investors aiming for stability and protection against underperforming assets

the semiconductors that power the digital economy have proven trickier to master. That has been the source of much anxiety among its political and business elites in recent years. America’s decision in 2022 to halt exports to the country of its whizziest chips and chipmaking tools brought into stark relief the chokehold of China’s geopolitical rivals over the industry.

MintGenie, Doshi said that the concurrent uncertainties on global eco-politics and volatility in asset classes can build up to a rare period where almost every asset class (equities, bonds, real estate, and gold) can participate in terms of returns. We are perma-bulls on Indian equities. India ended the CY23 on a high note, with the Nifty delivering 20% returns, marking the eighth consecutive year of a positive close.

Transak is tapping into Visa Direct, meaning that its users in over 145 countries can convert more than 40 different cryptocurrencies into fiat in under 30 minutes. Yanilsa Gonzalez-Ore, North America head, Visa Direct and global ecosystem readiness, says: “By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130M merchant locations where Visa is accepted." Sami Start, CEO, Transak, says: “We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively. "They no longer have to walk the treacherous path of compliance uncertainty or face risks of fraud — Transak and Visa have them covered for over 40 cryptocurrencies.”

Financial planners are finally beginning to acknowledge Bitcoin (BTC) – and Rich Dad Poor Dad author Robert Kiyosaki is happy to see it.

By Foo Yun Chee, Bart H. Meijer and Martin Coulter

Zee Entertainment Enterprises has accused Walt Disney-owned Star India of violating the ICC TV rights agreement and has sought a refund of Rs 69 crore paid as part of the agreement. Zee asserted in its Q3 financial statements that it has strong grounds to counter Star India's claims in the ICC TV rights agreement matter. The company added that it has accrued Rs 72.1 crore for bank guarantee commission and interest expenses for its share of bank guarantee and deposit as per the agreement. Star India has sent letters to Zee through its legal counsel accusing the company of breaching the ICC TV rights agreement due to the non-payment of $203.5 million in the first installment of the rights fee along with the payment of the bank guarantee commission deposit of Rs 17 crore.

contributes to your partner's daily productivity and efficiency? Storage solutions, such as NVMe SSDs (Solid State Drives) and USB pendrives, represent thoughtful and practical gifts that can make a substantial difference in your partner's work or personal projects. NVMe SSDs, with their lightning-fast data transfer speeds, offer a substantial upgrade to any computer, drastically reducing boot and load times, and enhancing overall system responsiveness. They are perfect for creative professionals, gamers, or anyone who values efficiency in their digital endeavours.

At first glance, India looks like a digital star, with inexpensive bandwidth, rising enthusiasm for e-commerce, and a fast-growing cluster of innovative companies. Our public digital infrastructure is getting broader and deeper by the day, and the number of internet users is fast approaching 900 million, more than double the figure of 2016. And yet, we still have a lot of catching up to do.

PM Narendra Modi and President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. The BIT will be a key enabler for further promoting investments in both countries. India has signed both BIT and Comprehensive Economic Partnership Agreement with the UAE. The agreement on interlinking of the instant payment platforms — UPI (India) and AANI (UAE) — will facilitate seamless cross-border transactions between the two countries. This follows the MoU on interlinking payment and messaging systems signed in July last year during PM Modi's visit to Abu Dhabi.

Political parties plan to spend ₹1,500-2,000 crore on ads across traditional and digital media platforms to lure voters during the high-stakes Lok Sabha elections, advertising executives told ET. About 55% of the political ad spending is likely to be allocated to digital media, with TV, print, outdoor and radio accounting for the remaining 45%. The Lok Sabha election is expected to be held between April and May. «We expect political ad spends to be ₹1,500-2,000 crore during the Lok Sabha elections,» GroupM South Asia CEO Prasanth Kumar told ET. «We feel that political parties will spend close to 55% of the ad spend on digital and the remaining 45% on other mediums,» he added.

Entertainment Network India Limited (ENIL), the operator of India's top FM radio channel Radio Mirchi, has recorded a net profit of ₹21.6 crore for the quarter ending December 31, 2023, marking an impressive 108% year-over-year (YoY) growth. EBITDA stood at ₹44.3 crore, boasting a 33% margin and demonstrating a substantial 36.4% YoY improvement, primarily driven by robust top-line growth. Revenue grew 21% YoY to ₹140 crore, led by robust demand in free commercial time (FCT), which was driven by high retail activity during the quarter. Non-FCT revenues also experienced a notable surge, reporting strong revenue growth of 45% YoY. It added that the digital segment contributed ₹11.4 crore to the revenue, making up 13% of the total radio revenues. Additionally, ENIL invested ₹6.2 crore in digital to further fortify its presence in the segment.

GroupM predicts 10.2% growth in Indian advertising revenue to ₹1,55,386 crore in 2024, down from the 11.3% growth in 2023. In 2023, the ad market is projected to have expanded by 11.3% to ₹1,40,963 crore, which was lower than the previous year's predicted 15.5% growth and ad revenue of ₹1,46,450 crore. According to GroupM's 'This Year, Next Year' projections, growth would be driven mostly by Lok Sabha elections and cricket, with auto, real estate, retail, and small and medium enterprises (SMEs) expected to fuel the advertising growth in 2024.

Aleksandr Zhadan programmed ChatGPT to screen potential candidates on his behalf so that he didn't have to go through the tedious process of personally interacting with women. The AI LLM 'talked to' over 5,000 women on Tinder, based on Zhadan's filters and communication style to finally recommend one woman. And Zhadan went on to marry his AI-recommended match. For most young people, finding love digitally isn't new. It has been around for a while with dating apps, online matrimony services and location-based virtual dating services. But users of such services have been experiencing fatigue from having to fix dates, meeting several strangers and being ghosted. So, having AI find the perfect match for a 'been-there-done-that' individual — and one that takes over the onerous task of communicating with, and screening, thousands of potential candidates — can be a real game changer for the digital native. Little wonder then that Zhadan's viral post on X is likely to inspire many others to take the AI route to find love. Some of them may even take it to the next post-human level — feeling there is no need for matchmaking when AI can turn into the match, and talk and date like a real person. Why bother with a physical Valentine when you can have a virtual one? Spike Jonze's 2013 SF-rom 'Her', with the protagonist (Joaquin Phoenix) developing a relationship with an AI virtual assistant (Scarlett Johansson), puts this possibility in a fictional context.

Mangaluru-headquartered private lender Karnataka Bank bets big on technology to drive its business growth. Bank’s MD & CEO Srikrishnan H shares his views on the bank’s future in a chat with ET’s KR Balasubramanyam. Edited excerpts: Karnataka Bank was started with the goal of responding to the needs of the agriculture sector. In the crowded space of present-day banking, how do you see the bank’s future? Our bank adopted an agri- lending model on a large scale much before the regulations on priority sector lending kicked in. We will continue this legacy as we enter the next 100 years with continued focus on rural, agriculture, MSME and retail business. We are implementing technology-based deliveries in each of these verticals.