Digital Financial News

The three month pilot, set for the fourth quarter of 2024, is being run by the Bank of Korea, Financial Services Commission, and Financial Supervisory Service.Participants will be able to make purchasers with deposit tokens issued by commercial banks in the form of CBDC, says the Korea Times.

Reserve Bank of India (RBI) on Monday said it has approved an 'Offline Retail Payments' product developed by HDFC Bank, in partnership with Crunchfish AB, for adoption by banks and other financial institutions. Under the 'On Tap' application facility for the theme 'Retail Payments' of the Regulatory Sandbox (RS), HDFC Bank (in partnership with Crunchfish AB) was selected for the Test Phase, as per a statement.

₹200 crore. “Thus, the budget allocation on originals will increase in regional languages.

Hindustan Unilever share price has declined 7% in last one year and was down almost 1% in intraday trades on Monday. Hindustan Unilever remains amongst few underperformers compared to gains seen by the benchmark indices. The Nifty-50 index during the period is up more than 13% and S&P BSE Sensex is up 12.55% The volume growth remains a key concern for the companies in the consumer discretionary space and Hindustan Unilever has seen the impact.

Bitcoin’s brief but sharp tumble toward $40,000, accompanied by a broader selloff in the crypto market, signals a potential deleveraging phenomenon rather than a fundamental news catalyst. 

Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets.

Our OKX review will dive into the hundreds of tokens and trading pairs the exchange offers. Previously known as OKEX, it has become a notable player in the cryptocurrency exchange landscape, catering to a global customer base with a broad range of financial services.

Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research, Axis Capital, says the turn in the capital injection cycle has become visible. Now we are seeing cement volume growth picking up. We are starting to see early signs of shortages in the power generation sector, which gives us some comfort that trend growth as we think about the next five years is going to be well above 7%. Those are the reasons why growth numbers will be upgraded.” Your report talks about a positive surprise as far as India’s growth is concerned. In fact, it is not just you. RBI Governor too this time around raised the outlook on GDP growth and why not? The last reading on quarterly GDP was a big surprise. What are the elements of this outperformance on growth which you are talking about going forward? There are three major points here. The first is that I think the capital injection slowdown or rather the slowdown in capital formation that happened pre-Covid has already brought down trend growth assumptions and that I think was a mistake. Most people thought this means that India's economy is no longer capable of growing even at 7% and that it should be more like 6-6.5%.

Good Glamm Group and retail chain Shoppers Stop have inked a partnership aimed at expanding their omni-channel retail presence, the companies said in a statement. Both companies are in talks for other similar collaborations, Good Glamm Group said. Sukhleen Aneja, chief executive officer at Good Brands Co, owned by Good Glamm Group, said: “We look forward to expanding this collaboration subsequently to other products to tap into a broad consumer base.” She added the collaboration, once expanded, is expected to bridge the gap between online and offline retail and bring digital shopping experiences into physical stores. The Warburg Pincus, Prosus Ventures and L’Occitane backed Good Glamm group currently has 50,000 offline points of sale, according to the statement. Shoppers Stop, on the other hand, has ongoing retail partnerships with global beauty brands such as M.A.C, Estee Lauder, Bobbi Brown and Clinique, among others. Biju Kassim, chief executive, beauty, at Shoppers Stop said the partnership would allow the retailer to diversify its distribution portfolio. The statement said the partnership would give Good Glamm leverage into Shoppers Stop's offline presence, while the retail chain would gain a foothold into Good Glamm's online reach in the content-creator-commerce-community. The synergies would lead to product launches, events and in-store activations at Shoppers Stop outlets across India, according to the statement. The partnership’s first line is under MyGlamm, a flagship brand of The Good Glamm Group, and is a makeup collection called Pout, the statement added.

microwaves combine microwave technology with convection cooking, allowing you to bake, roast, and grill to perfection. On the other hand, OTGs are dedicated ovens with grilling capabilities, ideal for baking scrumptious cakes, artisan bread, and more. In this comprehensive guide, we'll take you on a journey through the top 10 grill microwaves, convection microwaves, and OTGs that will make your cooking dreams come true.

UK asset management firm M&G Plc announced it has invested $20 million in the bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X) looking to support “regulated trading of digital assets” and meet demand from institutional investors.

Aditya Arora, Adlytick, says he likes “Glenmark, a stock from the pharma space. Glenmark could be bought at Rs 823; Rs 780 should be the stop loss and Rs 900 should be the target. The second one from consumer basket space is Godrej Consumer Product, this could be bought at Rs 1040; Rs 1,009 should be the stop loss and Rs 1,080-1,100 the target.” Let us talk about Nifty, Bank Nifty levels for now because for the third day running, even if you take 21,000 levels to watch 20,900, that zone, the market is not witnessing a very big thrust. We go in that zone and then scale back. Same goes with Bank Nifty. Above 47,000, 47000 to 47,300, there is some amount of unwinding which is kicking in. What are you watching out for in terms of levels? The patterns are suggesting the same after the stellar rally of Bank Nifty from 43,500 to almost 47,800. Now, it seems a cool off could be ahead of us. A little profit-booking could be ahead of us. The market does not have a lot of steam at these levels and these levels are acting as stiff resistance. Call writers are pretty active at 47,700, 48,000. I think this is the resistance for the market. This is the hurdle for the market. Until 48,000 is not taken out on Bank Nifty, we can see some neutral market to let us say a profit booking zone, wherein we can see some connection of 1,000 to 1,500 points on Bank Nifty.

GRM Overseas has sold a more than 3 percent stake in GRM Foodkraft Pvt. Ltd. (“Foodkraft”), a subsidiary of GRM Overseas Ltd.

stock market exchanges about stake sale citing, "We wish to intimate that GRM Overseas Limited has sold more than 3 Percent stake in GRM Foodkraft Private Limited, a material subsidiary of the company to Sauce.vc (“Sauce"), a Consumer-Focused Venture Capital Fund." Also Read: Why Sensex surged over 2500 points in six straight sessions — explained Commenting on the investment Atul Garg, MD, GRM Overseas Ltd. said, “We are delighted to welcome Sauce.vc as a strategic investor.

BEIJING — Livestream shopping is taking off in China, driving development of new tech products such as virtual human streamers and mobile data packages.

European Union negotiators have clinched a deal on the world’s first comprehensive artificial intelligence rules

Narendra Modi on Monday virtually addressed the 'Viksit Bharat @ 2047: Voice of Youth' workshop. He told the nation to take a pledge, “Whatever I do should be for a developed India". Addressing the event today, PM Modi said, “Today is a very important day regarding the resolutions of a developed India.

financial empowerment. Here are features and benefits of Nari Shakti Savings Account Personal accident insurance cover: This account comes with a comprehensive personal accident insurance cover of up to Rs. 100 lakhs, ensuring the safety and security of women account holders.

As we navigate the ever-evolving crypto landscape, the question inevitably arises: which tokens offer the most promise for significant growth and impact in the coming year? While numerous contenders seek attention, two projects stand out among the rest: Solana (SOL) and Retik Finance (RETIK).

Bitcoin (BTC), the flagship cryptocurrency, is currently trading at $43,850, marking a slight decrease of nearly 0.50% on Sunday. Despite this minor dip, Bitcoin’s performance this year has been nothing short of stellar, outshining traditional safe-haven assets like gold.

Bitcoin is currently experiencing a noticeable downturn, trading at $41,875 with a significant decline of approximately 4.50% as of Monday. This market shift coincides with a contentious development in the crypto sphere: the Transaction Blacklist of Ocean Pool, which has sparked widespread debate and concern within the industry.