Digital Financial News

Supreme Court on Tuesday said that there should be guidelines in place to govern the search and seizure of phones or other digital devices belonging to individuals, particularly media professionals. A bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia said that media professionals could have confidential information or details about their sources on their devices. «It's a serious matter. These are media professionals who will have their own sources and other things. There must be some guidelines.

The pilot used the Mastercard Multi-Token Network to settle Web3 transactions involving decentralized applications and digital assets, such as NFTs. The pilot also showcased the potential for funding and settlement in and out of Web3 marketplaces via a retail central bank digital currency (CBDC), such as e-HKD in the future.For the tests, Mastercard simulated a full lifecycle of the hypothetical e-HKD, from minting and distribution to spend and redemption within its sandbox environment.

Unveiled earlier this year, the UDPN is a DLT-underpinned messaging backbone that promises to provide interoperability between stablecoins and CBDCs to enable connectivity between any business IT system and regulated digital currencies. The network - set up by GFT Group and Red Date Technology - describes itself as a "gateway for businesses and financial institutions to use regulated digital currencies in cross-border transactions". In this respect it could be seen as a competitor to bank-to-bank messaging network Swift, which has been conducting its own research into blockchain interoperability. In the first proof-of-concept for the network, Deutsche and Standard Chartered's SC Ventures executed a real-time on-chain transfer and swap test transactions between USDC and EURS stablecoins on the infrastructure. SC Ventures set up a development environment and used UDPN SDKs and APIs to create decentralized identities and linked digital currency wallets.

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

insurance sectors are estimated to account for nearly 45% of the value for India. By investing in AI education and training programmes, India can empower its youth to do more and reduce income gaps.

the Odd-Even scheme and inform about it after studying the Supreme Court's order. "...after studying the Supreme Court's order, we will make detailed plans, and then we will inform you all. We will incorporate the orders of the Supreme Court in the detailed planning," he said on Tuesday.

₹10,000 couldn't be more enticing. This limited-time event has brought forth remarkable discounts, with savvy shoppers poised to save up to a staggering 69% on a wide range of monitors. Whether you're in need of an upgrade, looking to expand your digital horizons, or simply seeking a more efficient display solution, the Amazon Sale offers you a myriad of budget-friendly options that are as practical as they are cost-effective.

By James Davey

Emami’s share price climbed 5% to Rs 545.25; however, it retreated 0.73% to Rs 515 a day after the company posted consolidated net profit for the second quarter of FY24 at Rs 178.50 crore, down 3.1% as compared to Rs 184.18 crore during the same period last year. It posted revenue from operations at Rs 864.87 crore, up 6.3% compared to Rs 813.75 crore during the second quarter of FY23. “The company demonstrated remarkable resilience in the second quarter and half-year ending on September 30th 2023, overcoming challenges such as poor monsoons, food inflation, and subdued demand in rural markets,” Emami said.

Square Yards, India’s largest integrated real estate platform, has reached a significant milestone of Rs 100-cr recovery of invested funds, with over 300 legal cases resolved for homebuyers and property owners, with the help of its asset management arm, PropsAMC.

As the digital currency market continues to evolve, Bitcoin faces a new set of challenges and endorsements. Currently priced at $34,901, Bitcoin has seen a slight decline of 0.25% as of Tuesday.

Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter.

India is among the top 3 countries worldwide after the USA and UK, leading the online chatter about electric vehicles (EVs), with 0.57 million mentions in 2023, according to a report by Interactive Avenues, a leading full-service digital agency and the digital arm of IPG Mediabrands India. The social listening report «EVolution: Insights on India's rapidly evolving EV market based on social media data» analyses the social media buzz across multiple platforms around both 4-wheeler and 2-wheeler EVs to unearth key growth drivers, pressing category concerns, the latest OEM and government initiatives, the most popular EV brands, and more. Shantanu Sirohi, COO, of Interactive Avenues, said, «While EVs have been around for a long time, the level of innovation and consumer interest in this space has accelerated manifold in the past few years. Using advanced analytics and best-in-class tools, our social team studied the category landscape to create an in-depth report tracing the EV growth story and outlining the latest trends, opportunities, technologies, and consumer needs, with a deep dive into the 4-wheeler and 2-wheeler segments.” The report further stated that EV owners have saved lakhs within the first few years, with a running cost of less than Rs.

Delhi, Uttar Pradesh and Rajasthan governments to take steps to stop stubble burning. Following a meeting chaired by Delhi Chief Minister Arvind Kejriwal, it was announced that schools in the capital city have been directed to suspend physical classes, except for classes 10 and 12, until November 10 while the odd-even car rationing system will be enforced from November 13 to 20. The SC also came down hard on the tackling of stubble burning across north Indian states. «We want it (stubble burning) stopped.

Will writing and estate planning is considered an important aspect of financial planning. While wealth creation is important, it is equally important that the assets owned by an individual are easily passed on to their loved ones after his/her death. So, this Diwali, why don't you gift your loved ones a gift card for making a will.

Dennis Bastas, the billionaire businessman behind the country’s largest generic drug supplier, is one of several parties in the final stages of the auction of BWX’s skincare brand Sukin and its production site.

LLM in town. Nearly a year after OpenAI’s ChatGPT made waves, leading to an artificial intelligence (AI) race among the world’s tech giants, notably Microsoft, Meta and Google parent Alphabet, a China-based AI startup is giving Silicon Valley a run for its money.

Bimaplan has raised $3.5 million in a pre series A funding round led by Orios Venture Partners. Existing investors Finsight Ventures and 2am VC also participated in the round. This takes the total funding raised by the startup to $6 million.

Honasa Consumer, the parent entity of Mamaearth brand, listed on bourses on Tuesday, with a premium of 2% over the issue price. The stock got listed at Rs 330 on NSE as against the IPO price of Rs 324. Meanwhile, on BSE, it debuted at Rs 324. The IPO closed on Thursday, with it getting bids for 7.61 times the shares on offer.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T on one hand, shows extremely high competitiveness in bidding and winning the contracts. On the other hand, the input cost control has to be there. In a given situation, which remains quite fluid, it is difficult for companies to maintain the margin beyond a point. Of course, they have got a pass over clause in most of their contracts. But all said and done, there are certain challenges in the margin. As a result of which, the margins have remained relatively more competitive. That is where they are probably not getting a higher valuation.” Do you think a large part of the rally in the capex theme is done because in the last few weeks, we have seen sideways moves from the likes of Siemens and ABB. The big rally that we were witnessing a few months ago seems to have subsided, with the exception of L&T? I guess a few things need to be observed. While most of the companies are continuing to take advantage of a good capex cycle in the country because of the government spending, the spending by the industry, etc. I feel the more important part is that these companies would have a probability of growth rate moderated between 15% and 20%.