Digital Financial News

Also read- IREDA IPO opens today. GMP, price, review, other details. Apply or not? Motilal Oswal Financial Services also said that large manufacturers as Hindustan Unilever Ltd, Britannia Industries Ltd and ITC Ltd reported low single-digit revenue growth, and muted volume growth due to intensified competition from smaller players.

Ajay Srivastava, CEO, Dimensions Corporate Finance Services, says there are three sectors where he will love to buy on dips. One is MNC infrastructure stocks. Three or four of them qualify in that category straightaway. Number two, are companies like the payment system and the food delivery companies. Finally,. defence PSUs represent the best opportunity because the runway is unlimited and there's a monopoly. The worst, because the government’s diktat on what they make on every order can change the fortune of the company. High risk, high reward, it is Poker at best. Let us look at something where you will say, I want to buy this stock and I am just waiting for a better entry point. It could be 5%, it could be 15% or it could be 20%. That is a judgment call. Which are the names where the business is durable enough to give you a 20-25% growth? You are just waiting for the right price, maybe that moment of panic, or that moment of turbulence in the market, and you are happy to press the buy button. Ajay Srivastava: Very clearly, the MNC infrastructure stocks.

Bullish said on Monday it has acquired crypto news website CoinDesk from Barry Silbert's Digital Currency Group (DCG). Financial terms of the deal, which was first reported by the Wall Street Journal, weren't disclosed.

OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees. Sources said investors are working with legal advisers to study their options. It was not immediately clear if these investors will sue OpenAI.

commercial vehicles, a barometer of economic activity, are expected to hit an all-time high in FY24, fetching record revenue for companies such as Tata Motors, Ashok Leyland and VE Commercial Vehicles. Pricier heavy-duty vehicles are driving demand amid record government spending on infrastructure and increased freight movement.

It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of bitcoin exchange-traded funds that will kick open investing in digital currency to the institutional and retail masses. 

artificial intelligence whiz kid Sam Altman his CEO job at OpenAI reflects a fundamental difference of opinion over safety, broadly, between two camps developing the world-altering software and pondering its societal impact. On one side are those, like Altman, who view the rapid development and, especially, public deployment of AI as essential to stress-testing and perfecting the technology. On the other side are those who say the safest path forward is to fully develop and test AI in a laboratory first to ensure it is, so to speak, safe for human consumption.

Route Mobile Ltd is in discussions with large e-commerce and payment platforms to enable a solution that will authenticate financial transactions without the need for a one-time password (OTP), a top executive said. At the same time, he said it would be safe since the solution would arm telcos with a mechanism to identify the nature of a transaction, and act as an additional layer of security to sift genuine transactions from potentially fraudulent ones. Of course, if the talks work out, such a solution would need to pass through several regulatory hoops before launch.

BEIJING (Reuters) — China's Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision of risks in the multi-trillion dollar financial sector as China steps up the pace towards becoming a «major financial power».

Senator Elizabeth Warren has highlighted the dangers posed by cryptocurrency scams targeting seniors, receiving support from a cybersecurity expert who endorsed her digital asset legislation as a preventive measure against future scams.

Bank of India (RBI) issued two important directives that will have far-reaching consequences for the personal loan segment. One, it asked the country’s largest consumer goods financier Bajaj Finance Ltd to stop lending through two of its loan products. Two, it increased the risk weights— the money set aside by banks and non-banking financial companies (NBFCs) for loans to cover credit risk—in the personal and retail loan categories to 125% from the earlier 100%.

Amidst the daily hustle and bustle, Paytm is carving pathways for everyone with its extraordinary products and services. The mission to reach the farthest corners of the country, empowering even the smallest service providers to embrace the digital age, is now a reality.

A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice.

Judge Lewis A. Kaplan has granted an extension for the legal team of disgraced FTX founder, Sam Bankman-Fried, to submit their post-trial motions on December 1st, 2023.

IIT Madras, on Monday said it has developed an information platform exclusively for incubators and accelerators. The institute said that while India had about 1,000 active incubators, until now the information about them was scattered and not easily available in a single location. The platform, developed in partnership with YNOS, an IIT Madras-incubated start-up, contains comprehensive information on incubators and accelerators, which play an important role in helping startups navigate an uncertain entrepreneurial ecosystem.

National Pharmacy Register with details of all pharmacy professionals as part of a draft Bill that seeks to repeal the nearly 75-year-old Pharmacy Act and replace the Pharmacy Council of India with a national commission. The Union Health Ministry uploaded a draft National Pharmacy Commission Bill, 2023, on its website on November 10, seeking comments from the public.

television has expanded with multiple display types and technologies, offering viewers an array of options to transform their home entertainment experience. Among these, LED displays have emerged as a popular choice, seamlessly blending clarity, vibrant colours, and energy efficiency. A light-emitting diode (LED) display is a technology that employs LED backlighting to illuminate the screen.

Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI and reported to be in talks to make a return before finally being replaced.

In the ever-evolving world of cryptocurrency, Bitcoin continues to make headlines with its latest surge. Trading at $37,292, the digital currency marked a significant increase of 2.5% on Monday. This uptick in value coincides with the political shift in Argentina, where Bitcoin’s price surged following Javier Milei’s victory in the presidential race, underscoring the cryptocurrency’s sensitivity to global events.

China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong.

Rohit Bajaj, Executive Director — Business Development,Strategy and Regulatory Affairs, IEX, says Now that the new regulation has come, this is GNA regulation where you can avail, you can take open access or you can schedule power up to 11 months in advance under short-term market. What we are doing is taking advantage of the regulation which is there, which is very market-friendly regulation, we are going to apply very shortly. “We are hoping that by January, we should be in a position to launch this contract.” The volume growth that you have clocked in has been fairly encouraging. Do you think that we can see a further margin expansion owing to the operating leverage? This last quarter was very good for us, Q2, where we registered close to 15% growth in overall volume terms. And after that, in October, we saw a huge demand increase. So on a year-on-year basis, the overall country's demand increased by about 22% and we got the lion's share of it. Our volume also increased by 20% in October. In the first seven months, we are at 12% and going forward as the supply constraint will further ease out because November, December, January, February, are generally the months where large supplies come in as not all the states are drawing.