Digital Financial News

NEW DELHI : Online sporting (e-sports) events are emerging as a big revenue opportunity with growing enthusiasm for the nascent gaming sector in India, industry executives said. The country, with 42.5 crore gamers, second only to China, saw a string of e-sports events this year with substantial prize money on offer. On 27 August, e-sports firm Nodwin Gaming, a subsidiary of the only publicly-listed gaming company Nazara Technologies, concluded the second edition of its Battlegrounds India Master Series (BGMS).

Supreme Court on Wednesday disapproved of the delay caused by the Central government in framing guidelines for the search and seizure of digital devices by law enforcement agencies. A division bench headed by Justice Sanjay Kishan Kaul questioned the counsel for the Centre over the two-year delay. Speaking for the Bench, Justice Kaul verbally remarked that it has been two years since notice was issued on a public interest litigation (PIL) seeking the said guidelines.

Private investments will likely gather momentum and get more broad-based in the second half of the year, providing support for the economy to grow 6.8% in FY24, Confederation of Indian Industry president R Dinesh told ET. «We actually found a significant majority of our members, which we surveyed, saying that their investments in H2 are going to be higher than H1. Investments are also more broad-based this time,» Dinesh said, adding that even capacity utilisation is between 75% and 95% for most sectors. He pointed out that investments were also picking up in service sectors such as real estate and hotels, as well as infrastructure-related industries.

Quiver Quantitative — In a recent shift in the U.S. job market, companies have started to ease up on hiring, with November witnessing a notable reduction, particularly in the manufacturing sector. According to the ADP Research Institute and Stanford Digital Economy Lab, private payroll saw an increase of just 103,000, falling short of the anticipated 130,000 increase forecasted by economists. This downturn marks the lowest level of manufacturing job growth since the early stages of 2022.

Kazakhstan and accelerating economic growth. India is one the countries from where Kazakhstan is seeking FDI. As stipulated in the decree, the Investment Promotion Council will have the power to make binding decisions on both central and local government bodies and entities in the quasi-public sector.

Two recent back-to-back events have helped showcase India’s rise in the polity of nations: the country’s successful hosting of the G20 summit, which managed some path-breaking geopolitical agreements, and the Chandrayaan-3 mission that was executed flawlessly and cost effectively, validating India’s space industry. India is being seen as a country with a deep history and culture that is moving forward firmly.

Mumbai, Maharashtra India – Business Wire IndiaRural-fintech Navadhan, today announced that it has raised 40 Cr (USD 5M) in its Pre-Series A round led by Prime Venture Partners. Existing investors, Varanium NexGen Fintech Fund and Gemba Capital also participated in the round.

National, 6th December 2023: Metropolis Foundation, the Corporate Social Responsibility (CSR) arm of Metropolis Healthcare, is thrilled to announce the commencement of the 6th edition of the annual 'MedEngage Scholarship Program 2023-24.' Applications are now open for scholarships and research grants catering to undergraduate and postgraduate medical students across all years of MBBS education, spanning post graduate training years of MD / MS / DNB along with the intervening internship year. As the MedEngage Scholarship Program celebrates a significant 5-year milestone coinciding with the establishment of the Metropolis Foundation, the announcement of MedEngage 2.0 marks a pivotal moment in the program's evolution.

Media Partners Asia reveals that South Korea's subscription video market expanded by over 700,000 in Q3, surpassing 19 million. The report, titled «Online Video in Korea,» highlights Disney+ as the fastest-growing platform during this period, with approximately two million subscribers.

3D modelling, according to a report by venture capital firm Blume Ventures and research firm Treemouse released on Wednesday. The term extended reality (XR) covers virtual reality (VR), augmented reality (AR), mixed reality (MR), and other technologies. It merges the real and virtual worlds, providing users an immersive experience.

TV18 Broadcast Limited announced on Wednesday, December 6 TV18 and e-Eighteen.com Limited (E18, which owns and operates Moneycontrol news website and app) will merge with Network18 Media & Investments Ltd. The proposed scheme will consolidate TV and digital news businesses of the Network18 group in one company and will help create India's largest platform-agnostic news media magnate, said Network18 in a statement on Wednesday.

Credit card expenditures during Diwali 2023 have experienced a notable 18 percent surge, indicating a robust consumer spending sentiment and a predilection for digital payment methods. This upswing not only mirrors the celebratory atmosphere but also illuminates shifting consumer choices, as evidenced by a significant 25 percent uptick in transaction volumes on online shopping platforms. Visa’s thorough data analysis provides insights into the dynamics of transactions, both online and in-store, throughout Diwali 2023.

Bitcoin traded close to $44,000 after notching its longest winning streak since May, a rally driven in part by expectations of looser monetary policy. 

The generative AI boom has sent governments worldwide scrambling to regulate the emerging technology

Bank of India tightened rules on consumer lending, Paytm will cut down on disbursing loans under ₹50,000, said the Indian digital payments firm on Wednesday. In addition to this, the bank is likely to expand to higher ticket ones. The company is planning to reduce the proportion of small-ticket loans, also called postpaid loans, from its future loan distribution business.

Samsung double door fridges are more than just a visual delight; they are a fusion of advanced technology and practical design. These refrigerators are tailored to meet the varied needs of contemporary homes. From spacious interiors that accommodate your weekly grocery haul to energy-efficient operations that reduce your electricity bills, these fridges are designed to enhance your kitchen experience.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on BSE: Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop-down list. Step 3: Enter the application number or PAN number to check the allotment status. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case. Step 1: Visit the IPO Allotment Status page on Bigshare Services website Step 2: Select IPO from the dropdown Step 3: Put Application No. and enter captcha and 'Submit'. The IPO of Net Avenue Technologies was subscribed over 500 times.

Happiest Minds Technologies is one such stock in this regard. The company's shares witnessed an unprecedented rally between December 2020 and September 2021, soaring from ₹313.95 apiece to ₹1,380, delivering a staggering return of 340%. However, the stock has since gone through a fall, falling by approximately 39% to date, reaching ₹840.

OceanFi positions itself at the convergence of cutting-edge technology and comprehensive well-being. It establishes an unparalleled platform for those interested in maintaining their physical fitness by offering a fresh combination of physical activity monitoring, personalized workouts, social interaction, and integrated blockchain and AI technology.

Vishal Thakkar, Deputy CFO, Anupam Rasayan, says “there has been a bit of a blip for a few quarters. We might see it for a quarter or two more and then we should be back on the growth path, that is what I think we are seeing as an industry. For Anupam also, we have been fairly flattish to little on the upside as far as growth is concerned. Probably, this quarter also will be kind of similar and in Q4 of this financial year, we should start seeing the growth back in our journey as well.” What is your overall outlook on the chemical sector as a whole because I understand there are some concerns right now with respect to destocking that could end soon. There has been high competition due to the recovery in China and the China oversupply impacting a lot of branded and generic sales. Can you give us a round up? The industry has been seeing a bit of headwinds, especially regarding the destocking issue. Yes, the channels had a little bit more inventory than what the market was comfortable with and the industry is unwinding it and that is pushing the demand for the backstream guys a little further for a few quarters. China is coming in and that also is increasing the market supply and reducing the demand for the industry.

Richard Teng, the newly appointed CEO of Binance, has faced a challenging debut during his first public interview.