Digital Financial News

Story Time with Sudha Amma, which will begin streaming on 31 October. The show will feature 52 stories penned by Murty including Grandma’s Bag of Stories, Grandparents’ Bag of Stories, and The Magic Drum and Other Favourite Stories and will be streamed on Murty Media’s YouTube channel. The series will be launched in six languages – Hindi, English, Marathi, Kannada, Tamil, and Telugu, with each episode 11-minute long.

Chakri Lokapriya, CIO & MD, TCG AMC, says “one of the big calls that we took was we do not hold HDFC Bank at all after many, many years simply because it is a great company, but the valuations are still kind of reflect some of the integration issues that the company has, which will continue to impact its margins for a good some time more to come. In general, we do not own banks as much, but we are making up for that through NBFCs.” What has been your market approach in the last two or three weeks? Lots of power stocks have corrected in the last few days. And individual stocks are down a good 10-20%. So I think in terms of financing of power through REC, Power Finance, through the power companies itself, like buying BHEL, Siemens, I think those will continue to do well because the long-term story is intact. It is just that in the short-term, there was a profit-taking bout. Since that story is intact, we have been buying.

«In these six years, we have actually built six consumer-loved brands. Now, the kind of growth that we have seen our brands take, it does need certain investment,» says Ghazal Alagh, CIO, Honasa Consumer. Meanwhile, Ramanpreet Sohi, CFO, Honasa Consumer says, «Younger brands, of course, need a higher level of investments because they are in a phase where they are growing faster and we need to continue to invest behind them, so that is how we would like to put it.» Let us begin by talking about the kind of pace of growth that you are currently clocking in. How much faster than the industry are you currently growing at and how much faster are you likely to grow down the line? Ghazal Alagh: In the past few years, we have grown significantly faster than the market. The way our business model has been built actually focuses on the fact that there are certain playbooks and with each of the new brands that we launch and we have six brands now, the playbooks are replicable and they give us efficient growth with each of them. I think what we can say is that our aim is to continue to grow faster than the market and that is what we are going to focus on.

Apple warning them of «state-sponsored attackers trying to remotely compromise» their iPhones and posted the purported screenshots on their X handles. Trinamool Congress MP Mahua Moitra, Shiv Sena (UBT)'s Priyanka Chaturvedi, Congress' Lok Sabha Member Shashi Tharoor and his party's media and publicity department head Pawan Khera shared the screenshots on X.

The puzzle game on his Android phone had been interrupted by a video showing Hamas militants, terrified Israeli families and blurred graphic footage. Over a black screen, a message from the Israeli Ministry of Foreign Affairs told the first grader: «WE WILL MAKE SURE THAT THOSE WHO HARM US PAY A HEAVY PRICE.» Assis, a 28-year-old barista from Brazil, said that the ad left her son shaken and she quickly deleted the game. «He was shocked,» she said in a telephone interview last week.

Apple on Monday introduced new MacBook Pro and iMac computers and three new chips to power them, with the company saying it had redesigned its graphics processing units (GPU), a key part of the chip where Nvidia dominates the market. The new computers and the M3, M3 Pro and M3 Max chips were unveiled at an online event heavily focused on professional users.

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

Wall Street clawed back some of its sharp recent losses to start a week that could see more big swings in financial markets

The XRP Ledger has successfully minted 3 million NFTs using the XLS-20 standard. This marks a significant feat in the NFT landscape.

Jio Infocomm is chasing a ₹70,000-crore annual revenue opportunity as part of its "change India project" to connect 100 million households with broadband in the coming couple of years, a senior company executive told ET. This will be at the heart of the telecom operator's push to monetise 5G services and drive average revenue per user (ARPU). While fibre remains an important means, its fixed wireless access (FWA) offering, JioAirFiber, will be key to achieving the ambitious figure.

Elon Musk is expected to attend a global summit on artificial intelligence in Britain this week, according to a government official. Britain is bringing together representatives of AI companies, political leaders and experts on Nov. 1-2 to discuss what some see as the risks posed by AI, with an aim of building an international consensus on its safe development.

By Raphael Satter, Katie Paul and Sheila Dang

Telegram will block channels that called for anti-Semitic violence in Russia's Dagestan region, Telegram founder Pavel Durov said on Monday. «Channels calling for violence will be blocked for violating the rules of Telegram, Google, Apple and the entire civilised world,» Durov wrote on his own Telegram channel.

Thailand’s second-largest bank, signaling bullish fervor for blockchain after buying out one of the region’s local crypto exchanges through one of its subsidiaries.

Mindspace Business Parks REIT is planning to develop a mixed-use property spread over 8 lakh sq ft including commercial offices and a luxury hotel at its existing business park in Mumbai region’s Airoli east locality. Of the total development, 5.30 lakh sq ft will be earmarked for office development and 2.80 lakh sq ft will be set aside for an upscale hotel. On Monday, the REIT received an approval from its board to ink a long-term lease with group company Chalet Hotels for this property. “Our memorandum of understanding (MoU) with Chalet Hotels for the mixed-use development, enhances tenant offerings and fosters business synergies,” said Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, manager to Mindspace REIT. In terms of development, the REIT is actively working on an under-construction pipeline of 2.9 million sq ft.

₹1,000 crore annual revenue has been quick, within six years. But potential investors may need to look beyond that. Online channels contribute over 60% to Honasa’s revenue.

Check out the companies making headlines in midday trading.

By Siddharth Cavale

On October 13, 2023, French crypto exchange Coinhouse announced a 15% reduction in its workforce, following in the steps of another French unicorn, Ledger. This move primarily affects the web 3.0 department within the firm. Coinhouse CEO Nicolas Louvet, in an interview with BFM Crypto, clarified that the current downsizing does not relate to an alleged 40% staff cut reported earlier by Mindfintech. He attributed the decision to a waning interest in Web3 technologies compared to the previous year, and a broader bearish crypto market scenario. Despite the layoffs, Louvet mentioned ongoing recruitment for positions in marketing and data departments, hinting at a strategic realignment towards core crypto investment operations.

The Web3 Foundation has recently concluded its 19th wave of grants, dedicating over $1.1 million towards 33 different projects under the Web3 Foundation Grants Program. This wave witnessed a submission of 100 applications, marking the highest in over two years. The foundation highlighted its 600th grant and the processing of the 1000th milestone within this period. The burgeoning Polkadot developer community, now ranked second globally after Ethereum, accentuates the innovation and zeal of teams within this ecosystem. The Grants Program remains a pivotal part in fostering these teams and enticing new developers, enhancing Polkadot's reputation as one of the most vibrant communities in the Web 3.0 domain. This initiative is aimed at facilitating the upcoming array of innovations through an accessible, transparent, and open grants program.