Digital Financial News

Artificial Intelligence (AI) and High-Performance Computing, an analysis by recruitment firm TeamLease Digital found. "With generative AI automation set to transform workflows, freshers need to be prepared to collaborate effectively with AI systems," Jaideep Kewalramani COO of TeamLease EdTech said. However, the hiring intent for freshers in the IT sector has decreased to 42% in H1 2024 compared to 49% in the same period in 2023.

«It is a very big call, we believe, all power companies should be given the shot. Now, only challenge comes into picture is that we have to see up to what extent it has been priced in and to what extent it is not,» says Sandeep Tandon, CIO, Quant Mutual Fund. At the recently concluded GBS, you also had the Power and Renewable Energy Minister talking about how the sector is really gearing up for capacities to meet the growing electricity demand given that there has been a huge surge as well in economic growth. As a space as well, a lot of stocks within the sector have fired up. What is your take on the power stocks? So power or energy as a thesis, we remain very constructive for a while. We have been talking about it for more than a year now. This is the opportunity which we talk about both not only in public sector, even in the private sector. And again, this also, if I look at much larger thesis about renewables coming into picture or new age energy, I think then this thesis can last even again for a decadal perspective.

Cyient as its 'top pick of the week'. This is on the back of accelerating demand for ER&D services, new growth areas, and robust order intake for core services (DET). The brokerage has a ‘buy’ call on the stock with a target price of ₹2,460, implying a potential upside of 13.5 percent from its current market price of ₹2,166.40 (as on February 13, 2024).

Before the next fiscal year begins, the RBI will provide the list of SGB series for the following year. Latest Sovereign Gold Bond tranche open for subscription: 5 ways to invest in SGB 2023-24 Series-IV

Hindalco Industries tanked 14% to the day's low of Rs 501.10 on the NSE on Tuesday after its US-based subsidiary Novelis lowered its returns guidance for Bay Minette project to double digits from an earlier mid-teens. The company also announced an additional capex for the project which came as a shocker for the Street. On Monday, Novelis reported net income at $174 million which was up 81% year-on-year (YoY) though it excluded special items, the company filing said. The adjusted EBITDA was reported at $454 million which was up 33% YoY. The company reported net sales at $3.9 billion for the third quarter of fiscal year 2024, which decreased 6% versus the prior year period driven by lower average aluminum prices as shipments were in line with prior year levels.

Investing.com-- The price of bitcoin hit an over two-year high on Tuesday, with the world’s largest cryptocurrency crossing key levels amid consistent capital flows into the recently approved spot exchange-traded funds. 

Eicher Motors will report its third quarter earnings today and estimates suggest a high single digit revenue growth, driven by higher volumes and increase in average selling prices. In the recent second quarter, the company posted 55% growth in its consolidated net profit to Rs 1,016 crore and revenue from operations increased 17% year-on-year (YoY) to Rs 4,115 crore.

Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts. Bitcoin remained strong after crossing $50,000 for the first time in over two years, thanks to inflows into exchange traded funds backed by the digital asset. It was last at $50,0097 in Asian hours.

Burman family, which is seeking to take over Religare Enterprises Ltd (REL), has accused the latter’s management of blocking its planned open offer in a letter to the Reserve Bank of India (RBI). Religare denied receiving any intimation from the central bank about any communication regarding this matter. REL led by chairperson Rashmi Saluja has sought to obstruct the applications that need to be sent to the regulators for changes in shareholding, control and management of REL, said the letter by the Burmans, promoters of the Dabur Group.

Unified Payment Interface (UPI) services were rolled out in Sri Lanka and Mauritius on Monday during a virtual ceremony attended by Prime Minister (PM) Narendra Modi and the top leadership of the two island nations, underlying New Delhi's leadership in the Indian Ocean Region. India's RuPay card services were also launched in Mauritius. Lankan President Ranil Wickremesinghe and PM Pravind Jugnauth of Mauritius were present on the occasion. Jugnauth said the co-branded RuPay card would be designated as a domestic card in Mauritius. Calling it a special day, Modi said, «Today we are connecting our historical relations in a modern digital way. This is proof of our commitment to the development of our people. Through fintech connectivity, not only cross-border transactions but also cross-border connections will be strengthened. India's Unified Payments Interface, that is UPI, is now performing a new responsibility — Uniting Partners with India.»

Tata Digital is exploring the integration of the operational structures of key group assets such as BigBasket, 1mg, and Tata Cliq to streamline operations, reduce costs, and enhance market responsiveness, said people familiar with the matter. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons. It is likely to float a proposal for the same later this week as part of its annual operating plan, the people told ET.

compliance team to attend product meetings to ensuring that every update or new product launch went through the rigours of the regulatory rules and restrictions, over the last one year or so, Paytm implemented a host of internal changes to toe the regulatory line, said executives at the digital payments company. At the same time, Vijay Shekhar Sharma, the company’s founder, made it a priority for his team to focus on launching every industry update from the National Payments Corporation of India (NPCI) or the Reserve Bank of India (RBI) on priority, they said.

Kochi, Japan, will move into the metaverse space, with city officials sealing a web3 deal with the Philippines-based Start Lands.

Torrevieja, a coastal city in southeastern Spain, has launched an ambitious initiative to become Europe’s first “crypto-friendly” city, according to a February 6 statement.

Godzilla Minus One, the latest monster movie from Toho, offers various viewing options in theaters and on streaming platforms. Here's a breakdown of how and where to catch the film.

Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years.

Bitcoin‘s market position is bullish as it hovers near $48,000, amidst widespread anticipation of potential growth to $100,000. Glassnode’s analysis marks the current Bitcoin market as “high risk,” emphasizing the volatile nature of cryptocurrency investments.

India Electronics & Semiconductor Association (IESA) and the India SME Forum- have supported the continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), citing it to be important for supply chain resilience post Covid. The two industry bodies made this submission to the global trade watchdog as part of a consortium of around 170 global associations. The submission comes amid India and South Africa pushing hard for the prohibition to end as it leads to revenue loss and are keen on an outcome on the issue before the WTO's 13th ministerial conference (MC13) later this month. The moratorium on customs duties on electronic transmissions is in place since 1998. Around 105 countries, including the US, the UK, Australia, China, and Japan favour this prohibition. «Continuation of the moratorium is also important to supply chain resilience for manufacturing and services industries,» the associations said.

TruDoc Healthcare, the GCC's telehealth and virtual care provider, has acquired Mumbai-based chronic disease management platform Wellthy Therapeutics, according to a company statement. Wellthy Therapeutics, a digital therapeutics (DTx) company, develops and deploys digital therapeutic candidates for commercialisation in indications across cardiology, nephrology and diabetes. It helps medication and health brands achieve their commercial goals by building and launching customised digital health solutions, powered by its disease-agnostic, modular, software-as-a-medical-device (SaMD) platform, according to the company website.

mini projector could be the perfect gift to take your celebration to the next level, allowing you and your loved one to carry your multiplex around. These compact devices pack a punch, offering high-quality visuals and portability, making them ideal for cosy movie nights at home or romantic outdoor screenings under the stars. Unlike traditional, bulky projectors, mini projectors are lightweight and easy to set up anywhere, requiring minimal space.

Yotta Data Services and its subsidiary NMDC Data Centre have raised over Rs 1,357 crore through a long-term secured loan from State Bank of India. The company has raised this debt against its two data centres in Navi Mumbai by hypothecating the assets in favour of the bank. Certain receivables from the company’s data centre in Mumbai’s central suburb Powai have also been pledged to secure this loan. The debt includes an issue of 80,000 non-convertible debentures (NCDs) worth Rs 800 crore to the country’s largest bank. The debt will provide 8.85% return on investment to SBI with a total term of 12 years.