Digital Financial News

The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues.

Competition Commission of India (CCI) has no plans to bring in a new regulation for digital players until the government decides if a new law is required to regulate big tech, Ravneet Kaur, chairperson of the antitrust watchdog has said, scotching speculations about interim norms. In an interview to Banikinkar Pattanayak, Kaur also said the regulator would soon wrap up processes to notify new settlement, commitment, combinations and leniency-plus frameworks. Edited excerpts: In recent months, the CCI has sought public comments on four critical frameworks-settlement, commitment, combinations and leniency-plus. By when can we expect these to be notified? We have received public comments on these draft regulations. Separate groups within the CCI are looking into the feedback and suggestions by stakeholders, and the frameworks will be finalised after that. It's difficult to set a timeframe for notification of these regulations because they mark far-reaching changes from the extant regulations and, therefore, have wider ramifications. So, comprehensive deliberations are required for each of them. But our efforts are to wrap up the process as soon as possible.

The A24 biopic is centered around the following premise: «When teenager Priscilla Beaulieu encounters Elvis Presley at a party, the iconic rock 'n' roll superstar transforms into an entirely different persona in private moments: an exhilarating crush, a companion in solitude, and a tender best friend.»

Haitham bin Tariq, the first by an Omani PM in 25 years, marks an important moment in bilateral ties. As the largest non-Opec producer in the region, and a member of the Gulf Cooperation Council (GCC), the India-Oman bilateral relationship is an important element of New Delhi's partnership with the region. This is reflected in the growing Oman India Joint Investment Fund, now worth $300 million, and progress on the comprehensive economic partnership agreement.

Tech firms such as Accenture, IBM and Genpact have lost talent, said the people, along with Infosys, Wipro, TCS, HCL Tech and Tech Mahindra, with some of their senior executives moving either to consulting roles as Partners or senior level implementation and operations roles at the top four professional services firms.

BBC India comply with foreign direct investment (FDI) norms in digital news, has appointed CA firm MSKA & Associates as its first statutory auditor, the company's regulatory filings show. MSKA & Associates will audit the newly formed company's annual accounts for FY24. Incorporated on October 27, the New Delhi headquartered company has two directors, Rashi Sehgal and Prabhkirtan Singh Sehgal. Four BBC staff members-Rupa Jha, Mukesh Sharma, Sanjoy Majumder, and Sara Hassan-left the company on December 12 and formed Collective Newsroom to allow BBC World Service India to comply with the 26% limit on foreign ownership in India. ET had first reported that BBC World Service India is restructuring its shareholding to meet the foreign ownership norms. The BBC has given Collective Newsroom the responsibility of creating digital content in India, its six Indian language services, and an English-language YouTube channel for Indian viewers across the globe.

A substantial warning has been issued by the Securities and Futures Commission (SFC) of Hong Kong against two cryptocurrency firms, namely Hong Kong Digital Research Institute (commonly known as HongKongDAO) and BitCuped, both of which are accused of engaging in fraudulent operations.

MUMBAI : Pushed back by a lull in private sector investments, India’s state-owned banks continued to lose market share in loans to private rivals, showed data from the Reserve Bank of India (RBI). The loss in market share was visible in deposits too. The share of public sector banks in deposits shrunk 119 basis points (bps) between March and September 2023.

—Name withheld on request A strong credit score is a good field to monitor in one’s financial report card. There are a few simple but sometimes difficult to consistently follow actions, to watch for. These are linked to the factors that add up to one’s credit score.

A digital real estate company has been analyzing the data across a good portion of the province and says prices and sales have dropped, with some underbidding now taking place in many areas.

Kuwait's emir Sheikh Nawaf al-Ahmad Al-Sabah, who was defence minister when Iraq invaded the oil-rich country in 1990, was laid to rest Sunday in a low-key funeral, a day after he died aged 86. Foreign leaders and envoys were later due to pay their final respects, including the Saudi de facto ruler, the kings of Bahrain and Jordan, and US Defense Secretary Lloyd Austin.

Unilever's chief executive officer Hein Schumacher said the company should not be complacent about its market share and indicated its historical strong position may weaken with increasing competition. «We should not be complacent about it (India). Yes, we have great positions, but with some slowdown in China, I do see international competitors flocking into India and putting a greater amount of resources behind it,» said Schumacher at a Barclays Fireside conference.

Grand Theft Auto 6 (GTA 6), the burning question on everyone's mind is: How much will Rockstar Games' latest sandbox epic set you back?

By R.P. Gupta

WITH SUBSCRIPTION TO the next tranche of sovereign gold bonds (SGBs) open from December 18 to December 22, investors should look at investing in these bonds and lock-in for eight years to earn tax-free returns. The issue price is fixed at `6,199 per gram of gold and investors will get a discount of `50 per gram on online purchase through digital payments. The final  tranche for this financial year will be open for subscription from February 12 to February 16.

Aadhaar is a vital identity document for citizens in the country, containing important information like name, address, photo, biometric data, and other key identity details. It is widely accepted as a crucial proof of identity in both government and non-government settings. It is important to keep the information on Aadhaar, including the photo and address, up to date.

The Indian wealth management business is expanding and offers both domestic and international players a sizable opportunity. Fintech players, however, are posing greater threats to established businesses with their product, pricing, and digital differentiation, intensifying the competitive environment. Players in the wealth management industry in India would need to react both strategically and creatively to be able to compete in a market that is rife with rising client expectations for individualized goal-oriented services and digital experiences.

By Rajesh Mehta and Vasudha Badri Paul

global market performance has got highly buoyant in anticipation of deep reduction in interest rate. Concern is that the rally is stretching ahead, caution is warranted as inflation is forecast to stay above average in 2024. Fed is indicating 3 cuts in 2024 while market is hoping on 4 to 5.

work visas in 2023. Earlier this year, U.S. State Department officials announced a limited rollout of the H-1B domestic visa renewal pilot, allowing a restricted 20,000 participants to renew their visas.

TOKYO—When Keiko Takemiya made her manga debut in 1968, her publisher told her that her original drawings for the comic books could be thrown out. She insisted on getting them back, stamping “Please return this to me" on each page. More than half a century later, she has a collection of 26,000 drawings from the 180 manga titles she has published, including pioneering works in the genre of manga for girls.