Digital Financial News

Travel and tourism experts also believe that the goods and services tax (GST) input credit facility should begin for inbound and domestic tourism. ‘’Centralise similar issues faced by a single assessee in multiple states – reducing unwarranted time, efforts and litigations in multiple jurisdictions,'' said Thomas Cook India's Menon.

Priyank Kharge said in Bengaluru on Tuesday. He said the state will be holding the animation, visual effects and gaming conference — Bengaluru GAFX 2024 — from January 29 to 31. Those expected to speak are Kalari Capital's Vani Kola, Invest India chief executive Nivruti Rai, and Infosys cofounder Kris Gopalakrishnan, among others.

Telecom infrastructure providers are seeking availability of input tax credit on telecom towers, and have made a plea for an increase in tax depreciation rate and rationalisation of TDS provisions in their Budget wishlist. The players under the aegis of Digital Infrastructure Providers' Association (DIPA) said measures to facilitate ease of doing business will increase investment and contribute to the industry's long-term growth. Being a sunrise sector, telecom has been providing affordable-quality assured communication services, DIPA noted. The association counts Summit Digitel, American Towers, Indus Towers, Ascend Telecom, Cloud Extel, Pratap Technocrats, Crest Digitel, Signotox Towers, Applied Solar Technologies, iBUS Networks, and Suyog Telematics, among its members. DIPA in a release said the telecom infrastructure industry is seeking government support for the availability of input tax credit on telecom towers, increase in tax depreciation rate to 65 per cent from 15 per cent on batteries for industrial and commercial use to ensure cost recovery within three years' economic life of the batteries.

The future of money is digital and many countries are developing their own Central Bank Digital Currencies (CBDC). This in turn will have far-reaching implications on society, businesses, and banks, as the use of physical cash declines.

₹468 crore. This comes at a time when Colgate’s total operating revenue rose by 8% to nearly ₹1,396 crore. Even so, shares of Colgate dropped by more than 4% on Tuesday amid weak broader markets.

Hero MotoCorp has introduced the Xtreme 125R commuter motorcycle during the Hero World 2024 event, presenting a fresh addition to the sought-after segment. Priced at 95,000 (ex-showroom, Delhi), the Hero Xtreme 125R targets the higher echelon of the 125 cc commuter market, directly competing with the TVS Raider 125. Departing significantly from Hero's conventional commuter models, the Xtreme 125R boasts a highly fashionable design that distinguishes it from anything previously offered by the brand.

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The project will bring together innovators, investors, and subject matter experts from across the wealth management value chain to explore how families can best use technology to manage rapidly expanding portfolios of tokenised and digital assets.It is estimated that $1 trillion in assets will be transferred to the next generation in the Middle East over the coming decade. However, only 24% of High-Net-Worth Individuals have a full estate plan in place.

Logitech International's new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations. The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

Tapati Ghose, Partner, Deloitte, says “we could expect amendments towards simplification of tax, ease of compliance, and a review of Chapter VI A. As regards simplification of taxes, additional steps to make the new tax regime more attractive with further widening of the slabs and reduction of some of the tax rates could be on the cards.”

In the In the dynamic world of cryptocurrency, Bitcoin’s price prediction remains a topic of keen interest. As of recent observations, Bitcoin is trading around $40,104, marking a decrease of 2.80%. This movement comes amidst significant events in the crypto space, including the involvement of major ETFs like Blackrock and Fidelity in Bitcoin accumulation, holding nearly $2.6 billion in BTC.

Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin.

Rep. Maxine Waters has expressed significant concerns over Meta’s continued involvement in the digital asset sector.

Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis.

MUMBAI : Companies, both IT and non-IT, are grappling with one another to dip into the same cohort of skilled IT employees, leading to a talent gap that India Inc. is struggling to fill.

washing machines, each tailored to meet diverse laundry needs. The modern washing machine market caters to various preferences and requirements, from compact models for small spaces to large-capacity machines for bustling households. Innovations in technology have introduced features that enhance washing efficiency, conserve energy, and extend fabric life.

Interim Budget 2024 is expected to focus on several key sectors, including social welfare, agriculture, infrastructure, education, and healthcare. The budget may hint at long-term policy initiatives that the new government could pursue after the elections, including public-private partnerships in climate financing.

Amidst the competitive market of digital currencies, analysts are turning their focus to a compelling Solana rival – Pandoshi (PAMBO). Currently priced at $0.008, this token is capturing the attention of market experts who predict an unprecedented rise to $10 by 2024. Such a significant forecast is rooted in Pandoshi’s innovative technology and strategic positioning in the market, distinguishing it from established players like Solana.

₹46,000 crore in premium collections transform into one with 57 mostly-private insurers today with ₹9 trillion in premiums. Our insurance penetration is at 4.2% of GDP in 2021-22, low compared to 7% globally. Certain risks remain un-insurable or insurable at prohibitive premiums, while cyber and data breach risks are inadequately addressed.

The Dutch-listed investment arm of South African conglomerate Naspers has been trying to bring its holding in Swiggy to below 26% from the current 33%, but its talks with potential investors haven’t been successful. Under Indian rules, a shareholder with a stake of 26% or more is termed a promoter, which puts restrictions on the shares it could sell after the IPO.

Revenue-based financiers are increasingly seeing an opportunity in cash-flow based lending in India’s early-stage software startups segment, as equity funding gets expensive and the bar for investment gets higher. Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.