Digital Financial News

Karan Taurani, Senior VP, Elara Securities, says “50% of ad spends are going to come from digital because consumption on digital has seen an increase because the content are being offered free on mobile phones as compared to the earlier years wherein digital contribution to the overall ad spends was just about 25 to 30%. So digital revenues would move up more than 2x as compared to the earlier World Cup in 2019.” The overall number of advertisements on the OTT platforms are at record high in terms of viewership. What is your takeaway in terms of how the numbers have stacked up in this World Cup ? Before the tournament, we did come out with an estimate that the ad spends during the World Cup will be in the range of Rs 2,200-2,400 crore. That is where the numbers should stack up because India's performance has been superior in this tournament. They have won all the matches and they are also moving towards the final.

Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC.

Unified Payments Interface (UPI) IDs, UPI numbers, and phone numbers of Customers who have not performed any financial or non-financial transactions (balance inquiry, PIN change, etc.) for one year from any Third Party Application Providers (TPAPs) or PSP applications. “In the realm of digital payments, it is essential for customers to regularly review and verify their information within the banking system to ensure a safe and secure transactional experience. However, it has come to our attention that customers may change to a new mobile number without disassociating their previous number from the banking system," NPCI said in its guidelines.

Surrey Police Board on ice Thursday, in the latest move to force the city to complete its transition to a municipal police force.Mike Farnworth announced that he had suspended all of the board’s members, and that former Abbotsford police chief Mike Serr has been appointed as administrator to fulfil their functions on the Surrey Police Board.In October, Farnworth introduced legislation to force the city to complete its transition from the RCMP to the Surrey Police Service (SPS), which included provincial powers to appoint an administrator to replace board members and act in their stead.Farnworth said the move was necessary due to the lack of progress from the city in moving the police transition forward.The action also results from the need to address budgeting for the current and coming fiscal years, he said.“The best way to do that is to put in place an administrator, suspend the board, and that’s why it is being done,” Farnworth said.“This is not a reflection on the board members who I think have worked incredibly hard and done outstanding work.”Farnworth said he had spoken to the board about the decision, along with Surrey Mayor Brenda Locke — with whom he had a “cordial” conversation.“It’s no secret that this has been a complex issue, it is the largest policing transition in the history of this province and I think in the country,” he said.“They mayor has her views I think on this transition, and I have made it clear that this transition will continue.”Locke was not available for an interview Thursday, but issued a statement accusing the government of a “provincial police takeover” that eliminated civilian oversight.“In effect, the Minister has removed checks and balances,” Locke wrote.“Not only is the Province

Chief Operations Officer Programme on December 30, 2023, with Emeritus, the global leader committed to making high-quality education accessible and affordable to all. Rated as 4.4/5 by the past learners of the first batch of this high-impact 11-month Chief Operations Officer (COO) programme, business leaders, aspiring and new COOs will acquire the proficiency and skills to improve their organisation’s operational efficiency, resilience to disruption, and scale sustainable business growth.

BharatPe cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport Thursday on the basis of a look-out circular (LoC) issued against the two. The couple was travelling to New York, sources in the know told ET. The LoC was opened against the two at the request of the Economic Offences Wing (EoW) of the Delhi Police. Earlier in May, the EOW registered an FIR against the couple and some other family members for alleged misappropriation of funds and causing losses worth Rs 81 crore to Resilient Innovations Private Limited, which runs BharatPe.

cybercrimes. In this context, cyber insurance has emerged as an essential tool for safeguarding against financial and reputational damages caused by cyber attacks. “When it comes to taking risks, there are just have three options – Accept the risk, mitigate the risk using technology and transfer the risk to an insurance company.

Apollo Hospitals Enterprise Ltd, Narayana Hrudayalaya Ltd share price scaled 52-week highs on Friday while Fortis Healthcare, Max Healthcare Institute Limited, Global Health ltd ( Medanta) are trading close to their highs seen recently. The investor confidence remains strong led by improving occupancy for Hospitals, rising average revenues per operating bed (ARPOB), rising non Covid treatment volumes etc that are helping lift their financial performance as was visible in Q2 results. Analysts at Jefferies India Pvt Ltd in their result review report said that in 2QFY24, 3 of our 4 coverage hospitals delivered beats to their estimates while one was in line.

Accent Group, whose brands include the Hype and Platypus shoe chains, says like-for-like sales continued in negative territory in the first 19 weeks of the new financial year, with trade at its own retail doors holding up, but sales to wholesalers slowing due to softer demand from shoppers.

Stock market today: After taking a pause on Thursday, buying interest once again triggered in Yes Bank shares during Friday morning deals. Yes Bank share price today opened with a downside gap at ₹20.05 apiece levels on NSE and went on to hit intraday low of ₹19.80 per share levels. However, Yes Bank shares soon gathered upside momemtum and hit intraday high of ₹20.60 per share levels.

₹92,267 crore in FY23. The segment is growing rapidly, and not just in big cities. Clearly, in a country with a young population, rapid digitisation, and a growing number of fintech firms, digital lending is poised to grow rapidly.

By Duncan Miriri

Non-resident Indians (NRIs) frequently express frustration with the challenges they face when attempting to invest in their home country, citing obstacles such as the intricate account opening procedures, notarization requirements, and the associated international courier expenses. Nithin Kamath’s analogy, shared on X (formerly Twitter), drawing parallels between the NRI account opening process and the pre-digital era of retail broking, underscores the cumbersome and outdated nature of the current procedure. The insistence on physical forms, multiple signatures, and prolonged timelines needlessly complicate the process for NRIs looking to open an account and invest in India.

monitoring pollution, Environment Minister Gopal Rai said on Thursday. The six-member STF will perform other functions like coordinating with different departments and compiling reports to tackle poor AQI. The Delhi minister said that the current scenario of air pollution in the city is likely to remain the same for the next three days due to unfavorable meteorological conditions.

Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of two Samsung affiliates in 2015. The trial is the last legal uncertainty for Lee, who had being pardoned for an earlier, separate conviction and only last year cemented his leadership position of Samsung.

Semiconductor equipment maker Applied Materials is under US criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC, according to three people familiar with the matter. The largest US semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses, the sources said. Hundreds of millions of dollars of equipment is involved, one of the people said. Reuters is reporting details of the probe for the first time.

Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war. In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to call off the spinoff of its cloud computing arm. The firm's stock dived 7.13 percent soon after the starting bell in Hong Kong, tracking a collapse in its New York-listed shares. Washington has moved to bar the shipment to China of powerful chips, including those from California-based Nvidia, which are crucial to the development of artificial intelligence, on national security grounds. In one of its most wide-ranging restructurings, Alibaba said in March it planned to split the vast group into six distinct entities that would be able to separately pursue funding through public listings. But on Thursday, it called off the creation of its Cloud Intelligence arm in light of «the recent expansion of US restrictions on export of advanced computing chips». «We believe that a full spin-off of Cloud Intelligence Group may not achieve the intended effect of shareholder value enhancement,» the company said in its earnings release. «Accordingly, we have decided to not proceed with a full spin-off, and instead we will focus on developing a sustainable growth model for Cloud Intelligence Group under the fluid circumstances,» Alibaba said. Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The Hangzhou-based group's performance is considered a barometer of domestic consumption, which has flagged in recent

most anticipated initial public offerings (IPOs) of 2023 is finally here. Tata Technologies IPO, a wholly-owned subsidiary of Tata Motors, plans to offer 23.6% of its paid-up share capital currently held by Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I. It is set to launch its IPO on Wednesday next week, November 22.

The 2024 United States presidential candidate, Vivek Ramaswamy, has disclosed his plans to curb the Securities and Exchange Commission’s (SEC) control and government involvement in the crypto space if elected.

Investing.com — Gap reported third-quarter results Thursday that beat Wall Street estimates as margin continued to improve amid an ongoing reduction in promotional activity, though the apparel retailer also offered tame guidance for the key holiday quarter.  

NEW DELHI : Retailers across the board may suffer after the Reserve Bank of India barred the largest consumer goods financier Bajaj Finance from disbursing loans under two products. On Wednesday, RBI barred Bajaj Finance from lending under its two products—eCom and Insta EMI Card—citing non-compliance with digital lending guidelines. Several retailers that Mint spoke with said this move will significantly impact retailers—both online and offline.