Digital Financial News

Stability AI, the British artificial intelligence startup behind the Stable Diffusion image generator, has explored selling the company as management faces increased pressure from investors over its financial position. The London-based firm has presented itself as an acquisition target in recent weeks, and held early-stage conversations with multiple companies, according to several people familiar with the matter, who asked not to be identified because the discussions were private. A deal is not imminent and the company could cut the process short without selling, they said.

electric geyser market can be attributed to several factors. Technological advancements have made it possible to produce high-quality geysers at lower costs. Moreover, the competitive market landscape has led manufacturers to offer more affordable options to attract budget-conscious consumers.

Paytm appeared to suffer an outage on Wednesday evening with many complaining about its digital wallet. Outraged netizens said they were unable to see their account balance, add funds or make transactions. Data shared by outage tracking platform Downdetector indicates a sharp rise in complaints around 7 pm on Wednesday.

how to make prescriptions online. Periods such as the covid-19 pandemic have ensured adoption of technology by traditional stakeholders of the healthcare ecosystems. Trust building will happen with time—neither can doctors exist in silos, and nor can digital health-tech firms.

Mint Healthcare Summit 2023 that fear, not increased awareness, drove people to buy health insurance during and after covid. That said, health insurance very much remains a push product in India. Dr Mishra is director - product, underwriting & claims, at Niva Bupa Health Insurance.

An arrest and huge seizure of 26,000 allegedly counterfeit $2 coins in Quebec, and a second smaller seizure of the same dodgy coins in a northern Ontario city a few months later, suggests that a new counterfeit toonie variety is circulating across Canada, a coin expert says.

The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines. 

By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s an NFT?” on Saturday Night Live. But for others, it’s less about novelty and more about utility.  

The new equity will further Fnality's goal of establishing a global liquidity management ecosystem for new digital payment models in both wholesale financial markets and emerging tokenised asset markets. The lead investors were joined in the round by DTCC, Euroclear, Nomura and WisdomTree.

This is the view of Ravi Menon, retiring head of the Monetary Authority of Singapore (MAS) who belives he is not the only one on the way out.

Foot Locker on Wednesday announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL) and Nykaa Fashion. “This partnership will offer the most comprehensive selection of global sportswear and footwear to sneaker fans in India,” said the New York-based speciality athletic retailer in a statement. According to a report, the volume of the sneaker segment in India is projected to reach 66 million pairs by 2028. The sneaker segment is experiencing rapid growth in the country, with consumers seeking out unique designs that blend traditional Indian elements with modern trends. Under the terms of the agreements, MBL is granted exclusive rights to own and operate Foot Locker stores within India and to sell authorized merchandise in Foot Locker stores.

Arvind Kejriwal government in Delhi will notify its 'Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023' later today. The scheme introduces the nation's first-ever aggregator scheme exclusively tailored for premium buses and calls for a modal shift in public transportation. The buses that will come to be a part of the initiative will have exceptional quality, comfort, and reliability, and will lead to a reduction in congestion and air pollution, the government said.

Narendra Modi, on Wednesday approved that the central government will provide free grains to eligible citizens under the public distribution scheme for another five years. The centre's intention to extend the PM Garib Kalyan Yojana was mentioned by Prime Minister Modi himself during his election rallies earlier this month. During an election rally in Durg on November 4, Chhattisgarh the Prime Minister had made the announcement of the decision to extend the free ration scheme.

2024 Duster marks the third generation of this SUV, known as a popular choice under the Dacia brand in European countries. In India, the Duster gained recognition when Renault introduced it for the first time in 2012. Although the SUV was discontinued in the Indian markets earlier this year, there are indications that it might stage a comeback in the next couple of years.

Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg.

Jeevan Pramaan is a biometric enabled Aadhaar-based Digital Life Certificate for pensioners and is generated for individual pensioner using his/her Aadhaar number and Biometrics. Jeevan Pramaan: What happens if life certificate is not submitted in November? If life certificate is not submitted till the month of November, payment of pension for the month of December and onwards will not be done to the pensioner. When the Life Certificate is updated in the Pension System, the pension and arrears will be paid together on the following pension payment. However, if a Life Certificate is not presented for a period of three years or more, pension would be started following the competent authority's permission via the CPAO, as per the proper procedure. For which type of pensioners, Jeevan Pramaan through Face Authentication Technology is not allowed? The life certificates of re-employed and re-marriage are not authenticated through this technology.

Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million. 

₹53.41 crore from the maiden public offer which is entirely a fresh issue of 48.12 lakh shares. Graphisads IPO price band is ₹111 per share.

One problem that Coal India Ltd has is that its staff costs are elevated. The state-run coal producer’s employee expenses as a percentage of operating revenues stand at about 35%. This is the largest operating expense of the company.

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

Infosys cofounder Kris Gopalakrishnan said on Wednesday. Gopalakrishnan, who is also the chairman of the vision group for IT in Karnataka, was speaking at the inauguration of the three-day Bengaluru Tech Summit 2023.