Digital Financial News

telecom tariffs are amongst the lowest in the world as a percentage of per capita gross national income (GNIpc), and the country's telcos have enough headroom to raise prices by at least 1.5x over the next 4-5 years, industry executives and analysts said. GNIpc is the dollar-value of a country's final income in a year divided by its population.

BARC), India's sole TV viewership measurement body, has increased its meter count used for measuring viewership of Indian TV audiences to 59,000 and is on course to touch 65,000 in the near term, say sources privy to the development. BARC has set a target of installing 65,000 bar-o-meters which are used to collect TV viewership data, and is adding new meters every month to achieve its target, one of the sources said. The council had installed 55,000 bar-o-meters as of December 2022, in accordance with the Ministry of Information and Broadcasting's (MIB) policy guidelines for TV rating agencies in India. The increase in meter count comes amid calls from various sections of the industry to increase the BARC panel size to capture precise TV viewership data from India's urban and rural areas. Meterology Data, in which BARC owns 51% and TAM Media owns the remaining 49%, deploys and maintains the bar-o-meters. It also has 2500 OOH meters to collect representative data from India's urban and rural areas. The bar-o-meters are used to collect real-time data beamed through GSM networks, which are supported by a network of field personnel, electronic equipment, and a strong IT backbone. BARC is promoted by the Indian Broadcasting and Digital Foundation (IBDF), the Indian Society of Advertisers (ISA), and the Advertising Agencies Association of India (AAAI). The IBDF holds a 60% stake in BARC, with the ISA and AAAI owning 20% each.

Lido DAO, a decentralized autonomous organization governing the liquid staking protocol Lido, is currently embroiled in a class-action lawsuit. The lawsuit, filed by former LDO holder Andrew Samuels, alleges that Lido's LDO token is an unregistered security and holds Lido DAO liable for the financial losses incurred due to the token's price decline.

Coinbase, the United States' largest cryptocurrency exchange, has escalated its legal confrontation with the U.S. Securities and Exchange Commission (SEC). This significant legal battle, unfolding in the Third Circuit court, is not just a corporate skirmish but a defining moment in the broader dialogue about cryptocurrency regulation in America.

Recently, a video surfaced revealing the involvement of big banks in the drafting of the Digital Asset Anti-Money Laundering Act, initiated by Senators Roger Marshall and Elizabeth Warren. The act, originally introduced in December 2022, has garnered significant attention due to its potential impact on the cryptocurrency sector.

By Nivedita Balu

Birlasoft, part of the diversified CK Birla Group, has appointed Manjunath Kygonahally as chief executive officer for the ‘rest of the world’ (RoW) region, effective January 2. He will be based in the UK. Kygonahally will be responsible for the company’s business and strategic growth initiatives in the RoW region, which comprises all regions outside of the Americas.

Bengaluru: Last month, The New York Times filed a suit against OpenAI and Microsoft, alleging that their generative artificial intelligence (AI) tools—ChatGPT and Bing Chat (now rebranded as Co-pilot)—were built by copying and “using millions of The Times’s copyrighted news articles, in-depth investigations, opinion pieces, reviews, how-to guides, and more". While GenAI has captured everyone’s imagination and will continue to mature in the years ahead, the suit underlines the need for stronger global guard rails. Apart from copyright violations, there are fears of machines acquiring human biases and GenAI vapourizing millions of white-collar jobs.

Gold has been historically seen as a secure and reliable asset. Every other household in India will have some quantity of gold and during times of economic uncertainty or inflation, gold retains its value, making it a preferred choice for wealth preservation by many investors. Gold is seen as a portable and reliable asset that can be easily liquidated during emergencies.

A record of 8.18 crore tax returns have been filed until December 31 this fiscal against 7.51 crore I-T returns filed at the end of December 31, 2022, the Central Board of Direct Taxes (CBDT) said on Monday. This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement. The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year, it said.

With the coming of the new year comes new changes in many sectors. Along with changes in the finance sector, UPI rules have also changed. The new regulations promise significant enhancements to the online banking and payment transaction experience.

New Year 2024: As the year changes from 2023 to 2024, there are a few finance-related changes that will come into action from today, January 1, 2024.

LEO1, an edu-fintech startup, in collaboration with NSDL Payments Bank, has introduced prepaid ID cards for students and educational institutions. This card, supported by MasterCard, is devoid of traditional numbering, offering a secure and efficient payment solution to educational institutes and students, according to an official release.

Crypto enthusiasts have created a meme coin inspired by Mickey Mouse, the beloved cartoon character, after the first-ever cartoon featuring the iconic mouse entered the public domain.

portfolios. Valuable investing lessons were gleaned, but regrettably, some faded over time. With the looming threat of the disease resurfacing, everyone must revisit the lessons learned during that challenging period and determine how to incorporate them into current investment decisions.

Barclays analysts downgraded the rating on Apple (AAPL) stock from Equal Weight to Underweight, expressing concerns about a prolonged period of weak results and the potential for multiple expansion not being sustainable.

digital rupee, state-owned Union Bank of India is planning to transfer claims related to various employee benefit schemes directly to the Central Bank Digital Currency (CBDC) wallet instead of employees' salary accounts. «With an aim to promote CBDC wallet transactions, banks have been advised to encourage all staff members to transact using the digital currency and ensure 100% staff registration on digital rupee app,» the bank said in a communication to employees on December 26. To start with, the bank management has decided to credit newspaper allowance directly to the CBDC wallet. The bank advised all its employees to register on the bank's digital rupee app. A pilot run towards this goal is facing resistance from some of its staff.

Rakesh Deshmukh, cofounder of PhonePe-owned app discovery platform Indus Appstore, formerly IndusOS, has stepped down from his role as chief executive and left the company. Deshmukh, along with IIT Bombay alumni Akash Dongre and Sudhir Bangarambandi, founded Indus OS in 2013. Through its app marketplace App Bazaar, the platform allowed users to discover and access mobile applications in their own language.

tablets from leading brands, catering to all levels – from beginners to seasoned professionals. Whether you're looking for your first tablet to kickstart your digital art journey or a high-end upgrade to take your work to professional studios, our selection has got you covered. Imagine creating art with a device that feels like a pen on paper but delivers the power and versatility of digital technology.

Samsung Washing Machine stands out as a key player, offering innovative features that vie for attention alongside its competitors. The 9kg capacity bracket caters to the diverse needs of households, providing an optimal solution for those seeking a powerful and efficient laundry experience. Bosch, a name synonymous with reliability and German engineering, presents its 9kg washing machine as a prime example of precision performance and energy efficiency.

Dec 31 last year as against 7.51 crore ITRs filed up to Dec 31, 2022. This is 9 percent more than the total ITRs filed for A.Y. 2022-23, the ministry of finance released in a press release.