Digital Financial News

NEW DELHI : India’s top banks are looking to hire aggressively from the batch of 2024 in engineering, business and graduate colleges to complement hiring from the market, augment digital initiatives and compensate for losses in front-line sales staff. According to bankers and executives at some of the large engineering and management colleges, compensation could range from ₹8 lakh to ₹40 lakh, depending on the roles on offer.

On October 31, 2023, Upbit, recognized as a global standard digital asset exchange, continued its endeavor to promote a healthy development in the digital asset/blockchain industry by providing a safe and transparent digital asset trading environment.

The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime.

stepped down as the bank's managing director and chief executive officer in September, believes financial risks should be undertaken only when one completely understands the subject. While speaking to a publication, the veteran banker suggested that one should not hesitate while accepting the inability to comprehend the details related to certain financial matters. And in such a scenario, the suitable option is to back away from taking a risk, he pointed out.

₹792. It rose as much as 12.5% during the day, before trimming some of the gains to close at ₹883. “Seven of the company’s 15 investors sold a small portion of their stakes to help achieve the listing status, but all existing shareholders are invested and believe in the company’s growth story," Protean eGov Technologies Ltd’s managing director and chief executive, Suresh Sethi told Mint. “The price band was set after taking inputs from shareholders and investors.

WASHINGTON—The Biden administration’s abrupt shift on global technology rules has weakened a critical Asia trade agreement that was intended to help counter China’s growing clout in the region. Rules facilitating digital trade, including the cross-border transfer of data on customers and supply chains, were expected to be a centerpiece of what is called the Indo-Pacific Economic Framework, or IPEF, a U.S.-led group of 14 nations. But the U.S.

Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money.

The hype surrounding ETFs has helped narrow the discount on the Grayscale Bitcoin Trust (GBTC) to its lowest levels since July 2021.

The first version of the App has been developed and commercialised through OptRoute Logistics, an IIT Madras-incubated start-up co-founded by NS Narayanaswamy, professor at Department of Computer Science and Engineering, IIT Madras and Anuj Fulia, an IIT Madras alumnus.

Protean eGov Technologies was slightly below expectations given the healthy subscription response for the public offer. The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday. The IPO, which was entirely an offer for sale of 61.9 lakh shares, was booked 24 times at close. «We believe the overhang and flat listing was due to offer structure, which is entirely an OFS and hence the company will not get any money from the offer for future growth,» said Prashant Tapse of Mehta Equities. Analysts advised short-term investors to book profits, while those looking at the longer horizon may hold the stock. «Protean eGov Technologies is a monopoly player, but the growth has already matured.

student visa season, the US Embassy and Consulates in India granted a record-high number of student visas. In India, consular staff granted 95,269 visas in the F, M, and J categories.

generative AI will help them add new lines of business over the next 12 months, according to a report titled PwC's 2024 Digital Trust Insights. Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023, have added to the strategic importance of enhanced cyber investments for organisations, it said.

The Indian Supreme Court on Friday declined to entertain a petition seeking to establish guidelines on crypto regulations.

ANZ’s new digital bank, known as ANZ Plus, began offering home loans last week to a very limited number of customers, but CEO Shayne Elliott says in a few years the platform could be the dominant distribution channel for its mortgages and allow them to be originated at a much lower cost.

stock options trading in India this year has got the country's retail traders excited and regulators worried about the risks such speculative fervour could spawn. The boom in derivatives trading in the country's historically conservative markets, where some products such as stock futures are still too expensive, has come after stock exchanges changed some options contracts to facilitate quicker and cheaper bets and as online retail trading platforms mushroomed. Data from exchanges, which are big winners of this surge in demand, shows the daily average value of assets underlying these stock options more than doubled between March and October to $4.2 trillion.

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Chinese newly married couples stand to receive up to $715 worth of digital yuan tokens, discount vouchers, and coupons for tying the knot.

Sandip Sabharwal, asksandipsabharwal.com, says “the re-rating potential is low now in defence and railways stocks. Now it is on earnings growth and in many of these companies, earnings growth will take these stocks forward and that is how people have to play it. So, the multibagger moves could be over. Now, the next few years could be of steady returns. What didyour Diwali Muhurat list look like? There are a lot of companies we can play for. On the contrarian side, companies like Aditya Birla Retail which have gone through a very tough period over the last one year and fallen from Rs 352 to Rs 220 could be interesting from here on because as inflation ebbs and there is a turnaround normally, apparently the first segment which bounces back. So, from a contrarian perspective, I would play Aditya Birla Retail.

₹3,451.88 crore, while revenue from operations in Q2FY24 rose 15.7% to ₹24,309.89 crore. M&M’s revenue growth during the quarter ended September 2023 was driven by volumes growth of 11% YoY, while Average Selling Prices (ASP) grew 5% YoY.

Also Read: Equity mutual fund inflows surge to ₹19,932 crore in October, SIP contributions at record-high: AMFI data Trading in futures and options (F&O) in India has seen a sharp growth in recent years, especially after the COVID-19 lockdown, with a flock of new digitally savvy traders trying to make quick bucks in the stock market. NSE’s options average daily turnover reached ₹318 trillion in October 2023. Amongst index options, Bank Nifty contracts had the largest share at 40.7% last month.

ANZ reported a record full-year cash profit of $7.4 billion, 14 per cent higher than a year earlier, boosted by its diversification into institutional banking for large companies amid competitive pressure in Australian housing.