Digital Financial News

With just two months left to go in 2023, the technology-heavy Nasdaq Composite has been the top performer of the major U.S. indexes by a wide margin thus far, soaring 27% year-to-date.

70-hour work week could raise compliance issues as it violates labour laws, a senior official of staffing company TeamLease said on Friday. «If somebody is spending 70 hours (in office), they are going beyond 9 hours. There is a fundamental disconnect, when you are an employee labour law allows you to work 9 hours,» Vice President and Business Head for TeamLease Degree Apprenticeship Dhriti Prasanna Mahanta said. Former Infosys CEO N R Narayana Murthy had recently advocated for a 70-hour work week, drawing reactions from across the spectrum.

Sam Bankman-Fried’s conviction for a huge fraud at the FTX exchange raises a deceptively simple question: what next for crypto? 

Your bank account is not just a place to stash your money and pay bills. It possesses hidden features and functionalities that many people in India may not be aware of. These hidden powers can make your financial life more convenient, secure, and even help you save money.

In this weekly series, Dr Suresh Surana, Founder, RSM India, a tax consultancy firm, explains the taxation of various kinds of gifts shared through Gift Deeds.

Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends.

By Luc Cohen

In a digital landscape overflowing with memes and high-profit tokens, NuggetRush (NUGX) is currently paving a prosperous route. This undervalued meme coin has captured the eye of investors thanks to its play-to-earn (P2E) features.

Manish Jain, Fund Manager, Coffee Can PMS, Ambit Asset Management, believes that the Indian market can double in the next 5 years. With the economy seemingly growing in the high single digits to low double digits steadily, the Nifty EPS should grow at a steady double-digit pace sustainably, he said in an interview with LiveMint. He also favours equity over debt, saying it is the best vehicle to create long-term wealth.

Delhi AQI News: Aam Aadmi Party (AAP) leader and Delhi Environment Minister Gopal Rai has shared an update on implementing the Odd-Even rule for plying of vehicles in national capital Delhi, as the city suffers a severely poor air quality ahead of winter. Minister Gopal Rai said that they are not deferring the Odd-Even rule as Delhi chokes from intense air pollution.

high-priced stocks. However, when investing in stocks, it is always wise to keep an eye not just on the price of the company’s stock but its value. Although the price of shares is determined by the forces of demand and supply on a day-to-day basis, it is fundamentally a function of the total number of shares issued by a company.

The slowdown in intense mortgage competition has lifted Macquarie’s lending growth – one of few bright spots in the financial giant’s otherwise disappointing result – back above the pace of the market.

₹117 crore in FY23 and has a market share of 0.5% in the crowded Indian non-life insurance market. Exiting a business whose performance has been underwhelming for about a decade is sensible. In an industry with more than 30 players, of which about a dozen control 90% of the market, Kotak General Insurance Company has been a laggard.

guilty on all charges in a scheme that wiped out at least $10 billion in investor funds, it added. FTX, which was once the second-largest crypto exchange in the world, folded into bankruptcy in 2022. Bankman-Fried's other firm Alameda Research was also under scrutiny and has shut shop.

Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says “the stock in the industry is now roughly 3,35,000-3,36,000 which is about 30 days of inventory and that is the trend which we have observed in Maruti Suzuki also. Going forward, if the retail sales are good in the balanced part of the festive season that is in the next two weeks, we will see a reduction in the inventory. However, it really depends on how the retail moves in the next two weeks.” Good sales number for October. But in November, will it capture the real festive season? Can we see the sales momentum surpassing the 2 lakh? The momentum continues this quarter and this month as well? Yes, so first of all the 2 lakh number that we came so close to in this last month of October is both the domestic passenger vehicle and the export numbers put together as also the OEM supply. These are wholesale numbers, so while the retail sales in the first 15 days should be really positive because of the Dhanteras, Diwali, Bhai dooj festival, it really depends on how the retail sales happen in this period. Remember, the next month is December, generally the channel does not add stock in that month because they do not want to carry the last year's model stock. Therefore I would not expect the numbers to be much larger, it all really depends on how the retail moves in the first 15 days of October.

Kent is celebrating Diwali by offering great discounts on its appliances. This exclusive offer allows you to equip your home with innovative technology while saving significantly. These appliances also make for great Diwali gifts for your dear and near one. With Kent, you can ensure clean and safe drinking water, streamline kitchen chores, and enjoy cleaner air, all at a discounted price. Elevate your living spaces, make your life more comfortable, and celebrate the festival of lights with practical and modern technology.

Prashant Tripathy, MD & CEO, Max Life Insurance, says: “We finished our year last year at a little over 31% margin and ever since this year began, I have been saying that this kind of margin for Max Life Insurance will be unsustainable and the guidance that we have given to the market for the full year is between 27% to 28%. Where we are right now is as per plan, it was supposed to be compressed. ” You have managed to grow your APE faster than your peers. Is this performance expected to continue and which products drove the growth for you? If you look at the quarter, the private industry average growth on collected premium basis, new sales is about 16%.

In the great year of the startup reset, India's startup narrative thrives on tenacity and innovation. Under the overarching theme of 'Resilience.

cryptocurrency exchange, was on trial on fraud charges, the tech industry:

“For the next Samvat, I think we should return back to a regime where there will be a preference for quality/cash cows which have underperformed,” says Shiv Sehgal, President and head,Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “I think to spot gems in a falling market, one should follow a sound bottoms up framework of stock picking” Edited excerpts: We have seen more than 6% correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of the rise in US Yields and geopolitical concerns? The Nifty50 and Indian equities have been outliers amongst the global equity bourses. It is perhaps the only index in the world that has hit fresh highs in 2023.

For dot-coms, the moment was 1999. For artificial intelligence, it was just over nine months ago. For cryptocurrency, it was 2017.