Digital Financial News

1. Canada Express Entry: Canada Express Entry is a system that manages applications for three federal economic immigration programs: the Federal Skilled Worker Program, the Federal Skilled Trades Program, and the Canadian Experience Class.

HFCL Limited has procured a new order worth Rs 67 crore for supply of Optical Fiber Cables (OFC), from a leading domestic telecom service provider in India, it said in a statement Monday. To be executed by April 2024, the order requires HFCL to supply multiple types of optical fiber cables as per customer specifications. «There is growing demand for OFCs as India is on a significant digitization drive with its national priorities like fiberisation under BharatNet programme, and rollout of 4G, 5G networks by telecom operators.

cryptocurrency, jumped 5.2% to $41,476 in Monday's trade amid excitement about US interest rate cuts and as traders anticipate the imminent approval of US stock market traded bitcoin funds. This is the first time that Bitcoin crossed the $41,000 mark in the last 19 months. Meanwhile, Ethereum, the second largest cryptocurrency, surged 4.4% to $2,251.8 amid a broader rally in the crypto markets. The global cryptocurrency market cap also surged 4.18% to around $1.54 trillion in the last 24 hours. «The crypto market is witnessing its best performance since May 2022 with Bitcoin and Ethereum breaching the $41,000 and $2,200 mark respectively. The US Fed is expected to cut the interest rate in 2024 and that may boost the liquidity in the market, we may be witnessing early signs of the same,» said Shivam Thakral, CEO of BuyUcoin. «The US Committee on Financial Services calling a December 8 hearing on digital assets may lead to a strong regulatory framework focussing on investor protection, which could prove highly beneficial for the broader digital asset market. The growing optimism around Bitcoin ETF approval will continue to create waves of positive sentiments within the global digital asset community and we can expect this momentum to sustain in the coming weeks,» he said.

Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India, says “the stock level varies from geography to geography and dealer to dealer. One of the critical factors for discounting to go up or down is how much is the supply with respect to demand. You would see elevated levels of discount. It is not just about small cars although those cars are under greater stress and therefore it is expected discount levels will continue to be high in this segment. But the discounts would be across the board and every model stock at the end of December should be lower from the perspective of dealers as well as from the OEMs.” Your month-on-month sales have declined by 20% in November. What has led to that and is this a one-off? I think when you are saying month-on-month, you are comparing November figures with October ones. October, remember, was a record month, 391,000 vehicles sold in the industry. And there was obviously a build-up to the festive season because in November, in the first fortnight, we had the Diwali, the Dhanteras, the Bhai Dooj. So obviously, there was some build-up of stocks by the dealers in anticipation of good retails in the first fortnight of November. That does not exist for December because in December, everybody would like to carry lower stocks and try to reduce as much as inventory as possible for the previous year's model year.

Rahul Gandhi following Congress' defeat in 3 of the four states whose election results were declared yesterday. 'Rahul Gandhi’s future prediction came true,' he stated in a sarcastic social media post on X stated in Hindi along with an edited clip where Gandhi is seen saying Rajasthan me bhi sarkar ja rahi h, Chhattisgarh me bhi sarkar ja rahi h.' The words ‘moye moye…’ play in the background that have recently emerged as a viral sensation that mean ‘nightmare’ in Serbian language. The Serbian sing gained traction on ‘Tik Tok’.

The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed.

virtual traffic courts in Delhi. The virtual court system was introduced by the e-committee of the Supreme Court to enable paperless disposal of traffic violations and online payment of fines. The court administration, in collaboration with Delhi Traffic Police, developed a module that sends an SMS notification of a traffic offense to the offender. The offender then has the option to pay the fine online or contest the notice. If the violator pleads guilty, they are redirected to an e-payment gateway.

Nothing Phone (2) showcases a 6.7-inch full-HD (1,080x2,412 pixels) LTPO OLED display, offering an adaptive refresh rate spanning from 1Hz to 120Hz. It is propelled by Qualcomm's 4nm Snapdragon 8+ Gen 1 SoC, accompanied by an Adreno 730 GPU and a RAM configuration of up to 12GB. In the camera department, the Nothing Phone (2) is equipped with a dual rear camera arrangement, featuring a 50 MP primary camera incorporating a 1/1.56-inch Sony IMX890 sensor, complemented by both optical image stabilization (OIS) and electronic image stabilization (EIS).

artificial intelligence (AI) in check, six sources told Reuters. As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for December 6, 'foundation models', or generative AI, have become the main hurdle in talks over the European Union's proposed AI Act, said the sources, who declined to be identified because the discussions are confidential.

Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications.

Bitcoin surpassed $40,000 for the first time since May 2022. In the early hours of Monday morning, the token added about 1% to trade at $40,005 on Monday in Singapore, taking its 2023 jump to 142%. Before the TerraUSD stablecoin collapse, Bitcoin was last at $40,000, contributing to a rout in digital assets.

India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know. The exercise values International Asset Reconstruction Company (IARC) at Rs 200 crore, people aware of the proposed deal told ET.

MUMBAI : Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore sum to ATM (automated teller machines) operator Transaction Solutions International (India) Pvt Ltd (TSI) in a structured credit transaction, a top executive said. The capital, raised against convertible securities, will help with TSI’s business expansion initiatives and accelerate its ATM deployment and other payment processing plans, the firm said. “With TSI, we had the opportunity to participate in a professionally led business within the high growth consumer payment sector.

Bank of India (RBI) forecasts retail inflation to average 5.4% in 2024-25. That would make it four straight years of higher inflation than RBI’s target of 4%. While inflation remains on the higher side, economic growth, though robust, has not been in double digits since the pandemic and was muted before that, but India’s employment rate has increased, according to Periodic Labour Force Surveys (PLFS) data.

As Bitcoin soars to a striking $39,390, up by a significant 1.50% in the last day, the crypto community is abuzz with anticipation. This remarkable surge forms a crucial part of the broader escalation in the total cryptocurrency market cap, which has now eclipsed the $1.5 trillion milestone.

SRF Ltd is expected to face short-term challenges, but for the long-term, recovery is in sight. The specialty chemicals company’s management indicated in a recent meeting with analysts that the worst seemed to be behind in terms of destocking globally in the agrochemical space. SRF, which has a few active ingredients for agrochemicals in the pipeline, expects demand to pick up in H2FY24.

By Ankur Grover

By Ajay Trehan

Mint. The state has welcomed 10 million tourists since March, exceeding its pre-pandemic figures. This represents a potential 30% increase from 8.1 million visitors seen in 2019 However, the state's international tourism, particularly from the UK and Russia, has yet to fully recover India's bilateral issues with the UK and the Russia-Ukraine war have had a major impact on international tourist arrivals. To counter this, Goa is diversifying its tourism strategy.

ChatGPT. Aside from the OpenAI’ celebration, we also witnessed WhatsApp banning nearly 75 lakhs in India. Here is weekly tech wrap up from this week.

Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is «very buoyant» for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels.