Digital Financial News

Actis plans to deploy up to $2.5 billion in India over the next four years as the sustainable infrastructure-focused investor eyes opportunities in energy transition, digital infrastructure and logistics and warehousing sectors, Chairman and Senior Partner Torbjorn Caesar told ET. Actis has emerged as one of the most successful infrastructure investors in India over the last decade having built and sold two large renewable energy platforms. In 2018, Actis sold its Ostro to ReNew Power and in 2022, it sold Sprng Energy to energy major Shell.

Sarbananda Sonowal said that more than 12 crores Adivasi Indians benefitted from the multiple schemes launched by BJP led government. Sonowal joined the ‘Janjatiya Gaurav Diwas’ celebrations with a visit to a tribal village of Barbakra at Urang Basti near Rani today. The Union Minister paid floral tributes to Birsa Munda, the tribal icon whose birth anniversary is celebrated as the Janjatiya Gaurav Diwas, at the village.

YouTube on Tuesday said it was putting in place a slew of updates in order to further its approach to responsible AI innovation. India is YouTube's largest market where the Google-owned video streaming platform has about 462 million users as of October. With Generative AI making content creation quicker, easier and more accessible, it opens up a world of possibilities for the massive creator community on the platform in India.

Investing.com — Target (NYSE:TGT) has posted higher-than-anticipated income in the third quarter and delivered a forecast for its current three-month period that was largely above Wall Street expectations, as the big-box retailer moved to clear out inventories and corral costs.

The U.S. stock market looks set to extend its rally through the end of the year, after Wall Street cheered fresh inflation data that supported the view that the Federal Reserve may be done raising interest rates.

Making financial decisions can be a daunting task, especially if you’re just starting out, but the same applies to even the most experienced. The simple answer is: You can’t auto-pilot investing and expect to profit.

Germany introduced a new licensing regime for crypto services in 2020 along with an amendment to the EU's Money Laundering Directive, in order to encourage regulated firms to enter the crypto market.Commerzbank first applied for a licence in April 2022. German rival Deutsche Bank followed suit in June this year.Commerzbank has yet to release details of the technology stack for the venture, but says that it aims "to establish a secure and reliable platform with full regulatory compliance to support its institutional clients by providing custody for crypto assets based on blockchain technology".The initiative reognises the de-thawing of banking interest in the market following the recent 'crypto-winter'.

The initiative is an extension to MAS’ Project Guardian, in which the central bank collaborated with 15 financial institutions to carry out industry pilots on asset tokenisation in fixed income, foreign exchange, and asset management products. The five new pilot projects explore a new set of use cases including listing, distribution, trading, settlement, and asset servicing.

Disney has released a study showing its economic impact in Florida at $40.3 billion, directly and indirectly through its supply chain and employee spending

Google CEO Sundar Pichai on Tuesday was summoned to federal court for the second time in two weeks to testify in an antitrust trial threatening to topple a pillar of an internet empire that he helped build

Target has reported better-than-expected profits for its fiscal third quarter, benefiting from its efforts to hold down costs

Reserve Bank of India (RBI) has asked NBFC Bajaj Finance to stop sanctioning and disbursing loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’ with immediate effect owing to non-adherence of lending norms set out by the regulator. «This action is necessitated due to non-adherence of the company to the extant provisions of Digital lending guidelines of Reserve Bank of India, particularly non-issuance of Key Fact Statements to the borrowers under these two lending products and the deficiencies in the Key Fact Statements issued in respect of other digital loans sanctioned by the company,» RBI said in a press release on Wednesday. The central bank has said that it will review these supervisory restrictions following the rectification of the deficiencies listed out, to the satisfaction of the RBI. (This is a breaking development, please check back for more updates)

Investment banking has developed significantly over the years to adapt to shifting market dynamics, regulatory settings, and technological improvements. This change has altered the way firms operate. Investment banking services are not confined to major corporations and established enterprises; they also play an important role in assisting startups in their growth and development. Startups, with their creative ideas and lofty aspirations, frequently necessitate specialist financial services.

Instagram is expanding its Close Friends feature beyond Stories and Notes to feed posts and Reels. Now, users will be able to share Reels and feed posts with a smaller, more trusted group instead of everyone who follows them, according to Engadget.

Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country.

Federal Bank has announced that it has launched the UPI (Unified Payment Interface) Lite functionality for small-value digital payments. UPI Lite allows an individual to store money in their UPI Lite on-device wallet and make offline payments to merchants.

The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore.

Institutional-grade crypto custodian Hex Trust has successfully obtained a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced today.

The crypto exchange Blockchain.com has successfully raised $110 million in its latest Series E funding round. This substantial financial boost was led by Kingsway Capital, a UK-based investment management firm.

Also Read | Life Certificate for pensioners: How super senior citizens can submit Jeevan Praman Patra via face authentication Approximately 14,500 pensioners are above 90 years old, and 1,93,601 pensioners fall between the age group of 80 to 90 years. Maharashtra and Uttar Pradesh States are leading the Campaign, aggregating 6.25 lakh DLCs generated during the 2nd week of the month-long Campaign. Central Government pensioners, Department of Pension & Pensioners’ Welfare to enhance ‘Ease of Living’ has been promoting Digital Life Certificate (DLC) -JeevanPramaan extensively.

Federal Bank, a pioneer in banking innovation, launches UPI Lite, which will power small-value digital transactions in India. NPCI introduced UPI Lite—a simplified version of the Unified Payments Interface (UPI) system to cater to the growing demand for faster and more efficient small-value payments. The benefits of UPI Lite for Customers include a reduction in transaction time, a ready-to-access bank statement, a higher payment success rate, and enhanced security.