Digital Financial News

in 2024. Creating a comprehensive budget and closely monitoring your spending habits is the foundation of financial security. Allocate your income to different categories such as housing, transportation, groceries, and savings.

NeSL, incorporating their expertise in e-Stamping and e-Sign. This integration eliminates the traditional physical signing and stamping processes, seamlessly transitioning into a secure and efficient digital format.

Karan Taurani, Senior VP, Elara Securities, says “we believe that over the next two days, we will get clarity in terms of where that is heading. Otherwise, if the extension is sought for, the extension could be for three to four months and that would primarily be for the regulatory approvals which is from the MIB side, maybe a fresh approval with the ROC side for the new CEO, some kind of shareholder approval for the new CEO. It will not require any big regulatory hurdle in terms of a fresh NCLT approval because NCLT approval is not time-bound. Let us just get in a view because there has been so much flip-flop. Just last week, there was a request by Zee Entertainment to extend that deadline. What exactly is the implication of Sony Pictures saying that this triggers an existing contractual provision in the deal? This does not mean that by any means it is being called off? Yes, absolutely. Zee sought an extension on the deal and Sony has failed to agree on the same. This is one thing that the likelihood of the deal getting called off remains to be low primarily because of this reason. Because if the deal was to be called off, this kind of extension would not have been sought. Now, what we believe is that negotiations are ongoing between both the parties and we believe that Mr Punit Goenka wanting to be the CEO could be a potential roadblock here in terms of the merger going through, in terms of Sony wanting or not wanting an extension.

fixed-income investments, is leading efforts to address the mental health dimensions of wealth creation. This groundbreaking report, developed in collaboration with Amaha, a mental health organization, reflects an increasing recognition of the interconnectedness between financial and mental well-being.

Bob BRO Savings Account introduces young adults to the world of banking with a tailor-made product offering that takes care of their specific banking requirements and gives them access to features & benefits that they value the most," said Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business, Bank of Baroda. To tap the youth, Bank of Baroda has tied up with Mood Indigo (Moodi), IIT Bombay’s annual student fest and Asia's largest college cultural festival, as the exclusive banking partner.

delayed its public listing last year due to choppy market conditions, omnichannel retailer FirstCry is finally looking to file its draft IPO papers in the next few days, people in the know said. The company is aiming to raise $500-600 million at a $4-5 billion valuation, these people said.

Indian economy is likely to log 6.3% growth in FY24 and FY25 on the back of macroeconomic and financial stability, International Monetary Fund’s Executive Board said Tuesday. “India’s economy showed robust growth over the past year. Headline inflation has, on average, moderated although it remains volatile.

hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023. Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.

Paycraft has partnered with NSDL Payments Bank and the National Payments Corporation of India (NPCI) for the launch of One Nation Corporate Card. This card serves as an employee tax benefit instrument and also comes with a corporate expense management platform for the employer to manage their expenses digitally. The card is built on an indigenously developed multi-wallet platform with transit issuance and processing capability.

bank locker agreements in India is December 31, 2023. This requirement pertains to all pre-existing agreements executed on or before December 31, 2022. Individuals holding such agreements are required to endorse a revised version supplied by their respective banks and ensure its submission before the specified deadline.

The European Union has made Elon Musk’s online platform X the first tech company to face an investigation under Europe’s tough new regulations designed to clean up social media and protect people from toxic online content

Germany's central bank says the country's economy is likely to shrink again slightly in the current fourth quarter

After Q2 EBITDA margin expanded by 40 bps to 26.6%, Yatharth Hospitals believes that the margins will be sustainable as growth will come organically as occupancy levels increase. «Further, initiatives including induction of international business coming in, PET and radiation line becoming operational in the coming quarters, and more higher specialties coming in would support ARPOB improvement which in turn should give the impetus for profitability improvements,» Yatharth Tyagi, Director, Yatharth Hospitals, said. Edited excerpts from an interview: After reporting the highest ever quarterly revenue in Q2 with a robust YoY growth of 34%, what is the guidance for the rest of the financial year? Yatharth Hospitals reported stellar performance over the last few years.

Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.” I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000. That is true. We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year? See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.

The South Korean city of Busan is edging closer to the launch of a long-awaited blockchain-powered digital assets trading platform, and has named a preferred bidder.

Digital Services Act (DSA). The DSA came into force in November last year and requires very large online platforms and search engines to do more to tackle illegal content and risks to public security.

group that represents TikTok and other major tech companies sued Utah on Monday over its first-in-the-nation laws requiring children and teens to obtain parental consent to use social media apps. Two laws signed in March by Republican Gov. Spencer Cox will prohibit minors from using social media between the hours of 10:30 p.m. and 6:30 a.m. unless authorized by a parent — and require age verification to open and maintain a social media account in the state.

Joe Biden, warning that European technology regulations are unfairly targeting US companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday. Under the European Union's Digital Markets Act (DMA), five major US tech companies — Alphabet, Amazon, Apple, Meta and Microsoft — were designated «gatekeeper» service providers. From March 2024, these companies — as well as TikTok's Chinese owner ByteDance — will be required to make their messaging apps work with rivals and let users choose which ones they want pre-installed on their devices.

Nitish Mittersain, Founder, Nazara Technologies, says “recent announcements around GST, etc, have brought more clarity which is why we are actively looking at investments, M&A in the real money online gaming space. Nazara looks at investment opportunities in a variety of gaming spaces, including game studios, core gaming IP, e-sports, edtech, and the online real money gaming space is one more sector that we are actively looking at now.” As per media reports, if you see, Nazara is currently focussing on finding opportunities in the RMG space that are on a path to profitability and available at a fair valuation. Can you clarify the same and any such opportunities that you are looking at? The online real money gaming space today contributes to less than 5% of our revenues, about 4% of our revenues, and a negligible contribution to our EBITDA. Nazara has always been cautiously optimistic in this space. We have been waiting for more clarity on taxation, GST, etc, how it is applicable to the space before we kind of scale up our investments and business in this space. Recent announcements around GST, etc, have brought more clarity which is why we are actively looking at investments, M&A in this space. Nazara looks at investment opportunities in a variety of gaming spaces, including game studios, core gaming IP, e-sports, edtech, and the online real money gaming space is one more sector that we are actively looking at now.

“Indian markets are not necessarily in the bubble zone as of now. Markets are certainly in the higher than long-term average zone, but not in the Bubble zone," Rohit Agarwal, Senior Executive Vice President and equity Fund Manager,Kotak Mahindra Life Insurance Company Limited. In an interview with ETMarkets, Agarwal said: “In the last 3 years or so, market earnings have beaten the market expectations. Going forward, market expectations are mid-teens type of earnings,” Edited excerpts: The month of December started on a robust note with benchmark indices hitting fresh record highs. Where is the market headed in 2024? The macro has improved recently. With the State election results throwing some positive surprises, the equity markets have rallied.

BENGALURU (Reuters) -India's economy is projected to grow at 6.3% in the current fiscal year and the next, the International Monetary Fund (IMF) said late Monday, supported by macroeconomic and financial stability.