Digital Financial News

According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.

Prime Minister Narendra Modi on Saturday highlighted a host of measures taken by his government to assert that it has empowered the youth and women and that a developed India will fulfil their dreams. «You are the architect of a developed India,» he told youngsters at the annual NCC-PM rally here. Women were earlier confined to cultural programmes but his government has opened up various sectors, including all the three services, to them and they are making a mark everywhere, he said, noting that the Republic Day parade this year was dedicated to them.

Elon Musk on Saturday joined the debate around Apple's App Store changes in the European Union (EU) ahead of the Digital Markets Act (DMA) in March, saying these changes are «very concerning». The world's richest man reacted to Spotify CEO Daniel Ek who posted on X that Apple's DMA announcement is, «at best vague and misleading».

Narendra Modi on Saturday said he was happy that Parliament and state legislatures were working towards realisation of the goal of 'one nation, one legislative platform'. Addressing the 84th All India Presiding Officers' Conference (AIPOC) here virtually, he also rued that some political parties defend their members even if they violate the rules of the House, and warned that it did not augur well for Parliament and state legislatures. «In 2021, during discussions with you, I spoke about 'one nation, one legislative platform.' I am happy that our Parliament and state legislatures are now working towards this goal through E-Vidhan and Digital Sansad platforms,» the prime minister said.

identity fraud. One of the most prevalent forms of cybercrime is Know Your Customer (KYC) fraud, where cybercriminals exploit weaknesses in the identity verification process. KYC fraud is evolving rapidly, presenting new challenges and threats to individuals and businesses.

BLS E-Services IPO: The initial public offering (IPO) of BLS E-Services Limited is going to hit the primary market on 30th January 2024 i.e. on Tuesday next week. The mainboard issue will remain open till 1st February 2024 i.e.

Digital Markets Act (DMA), Apple has announced that it will permit software developers to distribute their applications on Apple devices through alternative app stores. Starting from early March, developers will have the option to provide alternative app stores on iPhones and opt out of utilizing Apple's in-app payment system, which currently imposes commissions of up to 30%. Despite these adjustments, critics argue that Apple's fee structure remains unjust, potentially violating the DMA.

Singapore for molesting a domestic worker in a lift and punching a man with a metal chain wrapped around his fist. Singaram Palianeapan pleaded guilty to a charge of using criminal force to outrage the modesty of a person, and a charge of voluntarily causing hurt with a dangerous weapon. Four other similar charges were considered during sentencing, digital news outlet Today reported on Friday. According to court documents, the domestic worker was buying food at a coffee shop when she was approached by Singaram, who offered her S$2 to buy herself a drink. She accepted the money upon being insisted by Singaram, who followed her as she proceeded to head back to her employer's residence. The two reached the lift lobby of the housing block where the worker was living and she entered the lift even though Singaram did not live there.

cybersecurity. The technology industry's expectations in the run-up to the budget underscore the indispensable role of digital infrastructure, identity, and security in India’s ambitious journey towards becoming a global technology hub. A key element of this journey is the Digital Personal Data Protection (DPDP) Act, a kickstart to ethical AI adoption. The industry recognises the DPDP Act as a foundational step toward enforcing responsible data practices, ensuring a balance between fostering innovation, and regulating data usage.

Budget 2024 expectations: Considered as the backbone of the Indian economy, the Micro, Small, and Medium Enterprise (MSME) sector consists of 29.15% of India’s Gross Domestic Product (GDP) till 2021-22. For the sector to unleash its fullest potential and increase its contribution to the Indian economy greater availability of institutional credit is the need of the hour.

Crypto developers just dropped a new tool that lets creators monetize their content with Bitcoin (BTC) – and it’s a lot more flexible than fiat-based competitors.

Investors are fretting over whether Bitcoin might be going to zero, as digital asset management firm Grayscale continues to dump BTC on the market from its Grayscale Bitcoin Trust (GBTC) ETF.

King Charles III has gone through a successful surgery after going to the hospital for prostate treatment. A royal course has informed Fox News Digital has he is doing well. It was learned by the news outlet that the hospital was left by Queen Camilla after the procedure with all going as predicted. Wife Queen Camilla has accompanied the king to the private London clinic in west London, with the Princess of Wales, Kate, undergoing treatment for abdominal surgery in the past week.

Poor Things, featuring Emma Stone and Mark Ruffalo, garners Oscar buzz. Learn where and how to watch the film that's making waves in awards season. Is Poor Things Streaming?

Explainer on why rice inflation remains in double digits despite various price control measures by the Union government: What are the factors fuelling rice inflation? Some of the key reasons for rice inflation include consistent increase in the minimum support price (MSP), government procurement of rice above MSP to fulfil poll promises, possibility of a decline in India's kharif rice production by about 4% due to the impact of El Nino on the monsoons, and strong demand from poultry and ethanol industry. The increase in MSP of rice is also leading to higher rice prices, say industry experts. The MSP for the common variety of paddy for the year 2023-24 is Rs 2,183/quintal.

₹524 crore in 2021-22 to a mere ₹167 crore in 2024, have worried the industry. While acknowledging the benefits of digitization, Bezbaruah said traditional offline campaigns in attracting tourists shouldn’t be ignored.

Shares of American Airlines (NASDAQ:AAL) advanced 1.2% in premarket trading Friday after the US carrier received two upgrades from Seaport and TD Cowen analysts.

By Sohamm Thakkar

By Nikita Vora

The traditional basis for taxing Multinational corporations relying on physical presence, has given way to a changing paradigm influenced by digital business models. Historical taxation practices centered around fixed places for business activities, employees, dependent agents, warehoused stock and equipment leasing.

The new PSR rules mean that the reimbursements to victims will occur within five business days and will be split 50:50 between the sending and receiving banks. This has upped the pressure on banks to ensure they are avoiding failing victims of fraud in any way.