Digital Financial News

What is the business overview of Protean eGov Technologies? Protean eGov Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.What is the industry overview of Protean eGov Technologies? E-governance is the use of ICT to conduct government business and provide public services. The strategic objective of e-governance is to support and simplify governance for all parties: government, citizens and businesses. The growth will be led by technology and platform upgradation, and e-governance initiatives of the central and state governments.What is the size of Protean eGov Technologies IPO? The issue is completely an offer for sale of 61.9 lakh shares.Who are the selling shareholders under OFS in Protean eGov Technologies IPO? Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload their partial stakes.What is the price band for Protean eGov Technologies IPO? The company fixed a price band of Rs 752-792 per share, and at the upper end, it plans to raise Rs 490 crore.What is the structure of Protean eGov Technologies IPO? About 50% of the issue size has been reserved for qualified institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors. Also, the offer includes a reservation of 1.5 lakh equity shares for the company's employees at a discount of Rs 75 per share to the final offer price.How is the financial

‘s tenacious battle against the $36,000 resistance mark has captured the attention of investors and analysts alike, with the cryptocurrency exhibiting marginal gains of 0.02% to position itself at $34,730 on Saturday.

When CryptoKitties first hit the scene in late 2017 and exploded in popularity in Q1 2018, no one knew how instrumental non-fungible tokens (NFTs) would be in the years to come. What was thought to be nothing but speculation has since morphed into a multi-billion dollar industry with some of its assets emerging as top crypto coins. Notably, the technology has been implemented in multiple facets of the digital economy, mainly in gaming.

Livemint. She also talks about the latest changes in the income tax legislation, which affect the Gen Z, scope of cryptocurrencies as an asset class, the impact of artificial intelligence, among other things. As youngsters' starting salary is not very high, they need to understand that the new tax regime is good for them.

Jaishankar has met Italian President Sergio Mattarella and other senior leaders here and discussed ways to further develop the bilateral strategic partnership in areas like defence, cyber security and counter-terrorism. Jaishankar, who was in Rome at the invitation of his Italian counterpart Antonio Tajani, concluded his four-day visit to Portugal and Italy on Friday.

The search for this answer becomes even more important with a recent LinkedIn saying there has been 2.5 times more job posts mentioning AI or generative AI in India in the last two years, and a majority (98%) of professionals in India are excited to use AI at work. A recent survey on the state of generative AI conducted by ISACA — a global community helping individuals and organisations in their pursuit of digital trust — shows that over 30% of organisations in Asia do not have the policies required for generative AI. The survey covers more than 2,300 digital professionals, including 660 in Asia, working in cybersecurity, IT audit, governance and privacy.

Luxury car buyers in India are getting younger with two out of five Audi buyers aged less than 40. At Mercedes-Benz India, buyers have an average age of 38 years, the youngest for the German luxury carmaker globally.

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry

Outrage over the price of basic housing is spurring calls for a tax on mansions in a Southwestern city cherished by tourists and second-home owners for its adobe architecture and Rocky Mountain vistas

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least US$10 billion from customers and investors is the latest black mark for the cryptocurrency industry, but in Washington, there seems to be little to no interest in pushing through regulation.

Web3 data firm Treehouse has announced its acquisition of Origins Analytics, with the goal of expanding into NFT analytics.

FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends. Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday. He faces as much as 20 years in prison on each of the most serious charges.

An NFT trading card based on NBA rookie phenom Victor Wembanyama sold for over $110,000 on Thursday, far surpassing the $67,333 that an individual paid for his physical trading card back in August.

The US Securities and Exchange Commission (SEC) is under scrutiny after Democratic lawmaker Rep. Wiley Nickel from North Carolina criticized the agency’s management of a controversial bulletin concerning the accounting of companies’ crypto holdings.

₹36 crore for the three months ended 30 September from a loss of ₹251 crore in the year-ago period. Zomato reported a ₹2 crore profit for the first time in the June quarter. Revenue from operations grew 71% to touch ₹2,848 crore, driven by a order volume surge across its food ordering and quick commerce businesses.

New Delhi: Intel on Friday announced it will be collaborating with eight electronics manufacturing services companies and original design manufacturers (ODMs) in India to accelerate laptop manufacturing in the country. The eight companies are Bhagwati Products Ltd, Dixon Technologies India Ltd, Kaynes Technology India Ltd, Optiemus Electronics Ltd, Panache Digilife Ltd, Smile Electronics Ltd, Syrma SGS Technology Ltd and VVDN Technologies Pvt.

Manu Chopra graduated in Computer Science from Stanford University in 2017, where he co-founded CS+Social Good, which was a student group focused on technology and impact. The 27-year-old is working on tackling extreme poverty in rural India by providing people with dignified digital work.

Finance Minister Nirmala Sitharaman on Friday appreciated the State Bank of India (SBI) for becoming the first foreign bank in Sri Lanka to successfully launch a pathbreaking direct Sri Lankan Rupee-Indian Rupee trade. Sitharaman, who is on a three-day official visit to the crisis-hit island nation, along with P.S.M. Charles, the Governor of Northern Province, inaugurated the second SBI branch in Jaffna.

By Valentine Hilaire

Kyriakos Mitsotakis, the Prime Minister of Greece, made theannouncement on the establishment of a High-Level Advisory Committee for Artificial Intelligence (AI) on October 19, 2023. The purpose of this group is to get Greece ready for the tremendous breakthroughs that are happening in artificial intelligence technology and its applications. This decision comes at a time when the European Union is in the midst of passing its Artificial Intelligence Act, which will be applicable to all 27 member states of the European Union, including Greece.

Some Citigroup credit-card customers are getting a stark warning from the bank: Go paperless or lose access to your online account. Banks and credit-card companies have been nudging customers to give up paper statements for years. Aside from the environmental benefits of not printing millions of pages, banks have said switching to digital statements is also a cost-saving measure.