Digital Financial News

Xoriant has hired former LTIMindtree executive Mukund Rao as president for global markets, ET has learnt. Based in the US, Rao was the chief business officer of the banking, financial services and insurance (BFSI) vertical at LTIMindtree (with Mindtree before the merger with L&T Infotech) for over four years.

Hightown season 3 is going to be released in January 2024. Since the latter part of the 90s, the opioid epidemic outbreak has been running unrestrained in the US, leading to drug abuse, crime, and violence. It was noted by the CDC that the perils of overdoses of the drug are continuing to increase, particularly in rural areas, which partly sets the scene for the Hightown series. The series which is based in Provincetown, Massachusetts, the periodical vacation spot has a comparatively lower number of enduring residents.

Research-based incentives to develop innovative drugs can help the domestic pharmaceutical sector to be worth USD 200 billion by 2030, Biocon Executive Chairperson Kiran Mazumdar-Shaw said on Wednesday. Terming the pharmaceutical sector as a great contributor in the country's economic growth, she noted that the industry has even greater potential to grow in the years to come. «India's pharma industry size is estimated at about USD 65 billion today.

Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail operations. Clients holding balances exceeding $10 will receive notifications, allowing them seven days to withdraw their assets. Unclaimed funds will be converted to fiat currency and distributed to remaining investors in Texas.

All India Institute of Medical Sciences (AIIMS) Delhi on Wednesday said that it has started AIIMS-Delhi Smart Card on a pilot basis in some of the departments of the premier health institute and would be operationalised across departments for all sorts of payments by March 31, 2024 “Subsequently, no cash payment shall be accepted at any counters other than at the 'AIIMS Smart Card' top-up counters which shall be operationalised in multiple locations within the OPDs, Hospital and Centres and shall operate on 24/7 basis...", AIIMS Delhi said in a statement. “Other than electronic payments via UPI, debit cards, credit cards, etc, “AIIMS Smart Card" will be the only way to make payments for all investigations and procedures", the statement read.

The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant.

The RARI Foundation has launched the mainnet for RARI Chain on Arbitrum. Built with Caldera by leveraging an Orbit chain, RARI Chain utilizes the Arbitrum Nitro tech stack, introducing a unique feature of embedding royalties on the sequencer level.

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Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest report also demonstrates an increase of $1.1 billion in value since the previous report this past November and marks the fourth year Gate.io has produced user-verifiable PoR.

Attention, tech aficionados and crypto wizards! Prepare to be dazzled as we delve into the nitty-gritty of CAGA Crypto’s latest whitepaper. This isn’t just another blockchain project; it’s a groundbreaking leap into the future of Web3, engineered with precision, innovation, and a touch of genius.

BlockDAG (BDAG) and its X-Series mining machines for crypto mining. It’s not inaccurate to view crypto mining as a digital gold rush, except instead of using pickaxes and pans, you get your device to solve complex math problems. When you solve the problem, new crypto coins are created.

Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies.

(Reuters) — Spotify (NYSE:SPOT) users in Europe from March will be able to buy audiobooks and subscription plans from within the music-streaming app as a result of the region's new competition law for Big Tech, the Swedish company said on Wednesday.

Ranbir Kapoor's blockbuster film, 'Animal,' is gearing up for its digital debut on Netflix, scheduled for January 26, 2024, coinciding with Republic Day. Directed by Sandeep Reddy Vanga, the action-packed drama initially hit theatres on December 1, 2023, amassing a staggering Rs 550 crore net in India and a whopping Rs 900 crore globally. Now, as the anticipation builds for its OTT release, there have been rumours circulating about an extended runtime and additional scenes. Let's delve into the details to separate fact from fiction.

Budget Expectations 2024: Ahead of the upcoming interim budget for the fiscal year 2024-25, Bipin Preet Singh, founder and CEO of MobiKwik Systems, laid out his asks, including investments focused on synergy of AI with fintech, exclusive licences, green finance and more, while speaking with Livemint in an exclusive interview. MobiKwik made headlines after it filed a draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI), for an initial public offering (IPO) for the second time earlier this month. A: Currently, English is the only language that all fintech is using, and India is a diverse country.

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₹23,000 crore of investment into the state at the recently concluded World Economic Forum meet in Davos, Switzerland. Also Read: Karnataka news: Section 144 imposed after quarrel during Lord Ram idol procession in Kalaburagi The state delegation engaged in as many as 50 meetings with industry leaders and signed eight MoUs with different global firms worth ₹23,000 crore "Karnataka successfully signed eight MoUs worth ₹23,000 crore with global companies.

Anil Rai Gupta, CMD, Havells India, says “Lloyds is improving the margins and that is a sizable part of the overall business. But within Havells, there were massive investments of brand building which will normalise over the next quarter. So we will see improvements in the overall EBITDA margins for the company.”

The market is abuzz that the market fall yesterday was due to selling by foreign portfolio investors (FPIs) to comply with Sebi's additional disclosure norms. Market regulator Securities and Exchange Board of India had in 2023 mandated FPIs holding more than 50% of their Indian equity AUM in a single Indian corporate group or holding more than Rs 25,000 crore of AUM in Indian markets to provide additional disclosures regarding their ownership. Sebi has now offered more time to offshore funds to liquidate their holdings. Sandeep Parekh of Finsec Law Advisors, says “the FPI ownership norm directive is old news. This came in June 2023 and was supposed to be implemented from November 2023 and there is a 180-day period given to comply. So, yesterday's fall has absolutely nothing to do with this old circular. It has to do more to do with transparency. It is not restricting investments. This is just saying that if you are kind of investing large sums in a single group of companies, you come out and tell us who you are.”

In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03 percent decrease.

The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English