Digital Financial News

Solving the world’s biggest issues will involve, at least in part, an area of technology that is known as ‘deep tech’ and it’s now an established asset class according to new research.

West Bengal Chief Minister Mamata Banerjee on Tuesday announced a slew of new policies including plans to double the state's exports, modernise its logistics and promote renewable energy manufacturing, while opening the Bengal Global Business Summit here. Banerjee also announced a policy to promote bio-fuels and a new sub-sea cable landing station at the sea-resort of Digha to help improve internet connectivity in the eastern region.

Raamdeo Agrawal. India is in a different growth cycle, where aggregate earnings continue to grow faster than expected. The September quarter saw India Inc’s earnings grow by 32% versus expectations of about 25-26%, he said. Agrawal therefore remains bullish and sees potential for the market capitalisation to match India’s GDP by 2030. In a recent industry summit, Agrawal predicted the benchmark Nifty50 index to double over the next five years and even swell by 4 times in 10 years. Despite a rollercoaster journey, Nifty50 has given about 6% returns to investors so far in 2023. If earnings grow in double digits annually on a sustainable basis, the market is also ought to grow at a similar pace, according to Agrawal.

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.

Euler Network weave these distinct fibers into a cohesive and robust financial tapestry? Dogecoin's journey from a meme to a major player with an $8.3 billion market cap symbolizes the power of community and cultural resonance in the crypto world. While its journey has been punctuated by peaks and valleys, the persistent optimism surrounding its potential reveals expectations of a transition towards tangible utility in decentralized finance (DeFi).

Johnny shared in an X post a crucial milestone, noting the necessity for the Solana crypto to overcome the $59.91 resistance level, a feat it accomplished. $60.43 was recorded for Solana on November 20th.. Everlodge (ELDG) emerges as ChatGPT's standout token for December.

OneWeb has been granted the necessary regulatory approvals from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial broadband services in India. OneWeb, which has recently completed a merger with France’s Eutelsat, has become the first entity in India to be granted the approval from IN-SPACe. With approval from IN-SPACe, the Eutelsat OneWeb has secured all the necessary permissions and now needs spectrum allocation from the Department of Telecommunications (DoT) to commence commercial connectivity services. IN-SPACe is the agency of the Government of India, responsible for regulating space activities and granting authorisation for conducting the space activities in the country. Bharti Group Chairman and Vice-President (Co-Chair) of the Board of Directors of Eutelsat Group, Sunil Bharti Mittal, said Eutelsat OneWeb is ready to deploy as soon as it receives the final spectrum authorization to launch commercial services. Any entity which wants to offer satcom services in India must get approvals from IN-SPACe, a global mobile personal communication by satellite services (GMPCS) licence and spectrum from the DoT.

Investing.com — Medtronic (NYSE:MDT) has raised its annual revenue and earnings outlook following «broad-based, diversified» growth across several of the medical device manufacturer's businesses in its fiscal second quarter.

Quess Corp, IT staffing and business solutions provider has said. Within development, skill set which saw a surge of 36% in demand for developers proficient in over 100 technical proficiencies. “Mature skills like Java and .NET continued to dominate, with high demand in the banking, consulting, technology, telecom and automotive sectors.

Maruti Suzuki India has announced the winners of Cohort 8 of its Mobility & Automobile Innovation Lab (MAIL) – a program part of Maruti Suzuki Innovation umbrella.

Byju’s founder and chief executive Byju Raveendran has written a note to his shareholders informing them the firm is fully compliant with Foreign Exchange Management Act (FEMA) regulations. Raveendran in a note to shareholders said a top law firm in the country had conducted a due diligence on its FEMA compliance. “..which ( an email) highlights the results of a comprehensive due diligence conducted on Byju’s. The email confirms that the due diligence found no FEMA violations at Byju’s,” Raveendran’s note to shareholders said.

Spotify pays Google a zero percent commission when users buy its subscription on Android if the payment is made using Spotify's own payment system, and only a 4% commission if the payment is processed by Google, The Verge reported, citing a senior Google executive. The California-based company usually charges a 15% commission for in-app subscriptions, while the fee is reduced by 4% when app makers use the User Choice Billing programme, where they don't use Google to process the payment.

₹9,000 crore, as per a CNBC-TV18 report citing sources. The notice reportedly encompasses Byju Raveendran, the founder of Byju's, and Think and Learn Pvt Ltd. The ED's move comes after an inquiry into potential FEMA violations by the ed-tech unicorn, it added.

₹1 lakh crore business in the next 5 years. The hiring will be across the domains such as engineering, design, luxury, digital, data analytics, marketing and sales. “We are embarking on an exciting journey towards becoming a ₹1,00,000 crore business in the next 5 years.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content.

Major global central banks, spanning Europe, North America, and other regions, have revealed a significant investment in crypto, with XRP emerging as a preferred digital asset.

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

Anish Damania, CEO, JM Financial, says: “We will see markets doing much better, capital raise is becoming more prolific and investors will continue to doubt this and because investors are doubting this, there is room for appreciation. The key themes which we feel will dominate the India story will be in the manufacturing sector, finance sector, logistics and infra.” Given the kind of backdrop that we are looking at, the fact that there will be triggers down the line with respect to the overall elections, the valuation picture for our own markets, where is India standing at the current juncture? According to us, and we have been having this view for some time, we are on the throes of a mega bullish market lasting for several years, starting from 2020 to 2030. And I feel that this is the biggest bull run which we will see and which will be characterised by both stock markets doing very well and capital markets also doing extremely well. This is the time when India will require the funds, there will be a lot of activity and we feel that this is a time which we need to capitalise on.

Axis Bank and PayU official Mohit Bedi, and Anup Agrawal, who was former business head at PayU's Lazypay unit. It was the first fintech to launch 'credit cards with UPI' by issuing digital RuPay Cards in collaboration with banks.

Stock market today: After profit booking trigger during Monday deals, Yes Bank share price today witnessed strong buying interest among stock market bulls. Yes Bank shares today opened with an upside gap at ₹20.30 per share levels on NSE and went on to hit intraday high of ₹20.45 apiece, regaining its 10-month higher levels, which it has climbed last week. According to stock market experts, Yes Bank shares are looking positive from both technical and fundamental perspective.