Digital Financial News

Recent market activities indicate a significant movement of LOOM tokens associated with Upbit, a well-known digital asset exchange. Over the past 48 hours, Upbit has escalated the frequency of depositing LOOM to other exchanges, Binance and Bithumb, summing up to over 120 transactions. This movement, involving approximately 19 million LOOM tokens (valued around $6.76 million), coincides with a 35% dip in LOOM's price within the same timeframe, according to Scopescan​.

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024.

supermarket, the one thing they look for or expect is convenience. Offering high-quality products at the most reasonable prices and in the most convenient manner has been the objective of Mega Mart Ventures.

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Appinventiv is a full-suit software development company that has been delivering cutting-edge digital solutions to its clients for almost a decade. Their expertise spans across custom software development, AR/VR development, IoT, AI, ML, Cloud, Blockchain, and many more. They have a team of 1200+ highly skilled professionals who deliver delightful experiences to Appinventiv’s clients while banking on their technical prowess.

(Reuters) -Western Digital said on Monday it would split itself into two companies that would focus on the hard drive and flash memory markets, days after talks of a merger with Japan's Kioxia stalled.

The Consortium for Technical Education (CTE) to conduct a Virtual Internship Programme in Cybersecurity in partnership with the Andhra Pradesh State Skill Development Corporation (APSSDC). This programme is beginning on 25th November 2023, according to the press release. 

According to an official release, Club Mahindra, a brand of Mahindra holidays and resorts India limited, launches its series of NFTs, offering an opportunity to discover India through digital art. The collection is expected to include 25 AI-generated digital artworks inspired by paintings by global maestros. The series is a fusion of art that includes India’s destinations by artists.

Kasikorn Bank, also known as K-Bank, spent $102m to acquite its stake in the Satang crypto exchange, which will now be rebranded as Orbix.

AU Small Finance Bank and Fincare Small Finance Bank have approved an all-stock merger of the two financial institutions. According to a press release by the banks, the merger is subject to the approval of shareholders of AU SFB and Fincare SFB respectively, Reserve Bank of India under the Banking Regulation Act and the Competition Commission of India.

CBIC Chairman Sanjay Kumar Agarwal on Monday called upon international customs authorities to share insights and advanced detection techniques in drug-related crimes. As global trade continues to interconnect and economies flourish, there is a corresponding rise in the potential for unlawful movement of restricted items like antiques, cigarettes, gold and endangered wildlife species, among others, he added. «The undercurrent of illegal trade in narcotics remains strong. Global drug trafficking is estimated to be worth USD 650 billion, contributing 30 per cent of the overall illicit economy.

Mumbai: Blackstone Group Inc. has acquired controlling interests in Care Hospitals and Kims Health in a multi-layered deal valued at $1 billion, marking the private equity giant's maiden foray into India's healthcare sector. The New York-based firm secured roughly a 75% stake in Care Hospitals from Evercare Health Fund, an arm of TPG, for around $700 million, said a persom familiar with the transaction, requesting anonymity.

₹372 crore in the September quarter. The company's consolidated total income rose 53.7% year-on-year to ₹2,589 crore from ₹1,684 crore in the July-September quarter. The firm said it clocked an 87% rise in energy sales from a year ago to 5,737 million units backed by strong capacity addition and improved CUF across solar, wind and hybrid portfolios.

fire. In India, the benchmark Nifty fell around 2.5 percent in these 3 weeks, but this was mostly due to the sharp rise in yields.

Nitish Mittersain, Founder, Joint MD & CEO, Nazara Tech, says “the online money gaming business is today just 4% of our revenues and is impacted due to the new GST taxation rules that came in from October 1st but we expect that business to recover and stabilise in the next couple of months. More importantly from Nazara perspective, getting clarity on taxation was a very important thing. I think that has largely been achieved.” Start by telling us a little bit more about this plan to launch the new game publishing division. How revenue accretive do you believe it is going to be? Nazara Publishing, which is a new initiative of Nazara, is basically meant for the game developers who are trying to bring high quality games across platforms such as mobile, PC, even new technologies such as Web3 and VR.

Infibeam Avenues, has launched a mobile-based QR code payment solution in the United Arab Emirates. The company, which runs the payment gateway brand named CCAvenue.ae (the UAE web domain) intends to tap the growing offline payments landscape in the Emirate with the product. It is the company’s first such offline payments solution for the international market.

Byron Bay fintech Zepto has laid off 20 per cent of its workforce as part of a restructure to limit its focus on controversial cryptocurrency exchanges and target areas with better growth prospects.

tourism industry, long hailed as a cornerstone of the nation's economy, has faced unprecedented challenges in recent times, primarily due to the disruptive impact of the COVID-19 pandemic. As the industry charts its path to recovery, a crucial factor that promises to redefine and rejuvenate it is the strategic investment in upskilling and reskilling its workforce. This transformative initiative can usher in a new era of growth and prosperity for the Indian tourism industry. According to a comprehensive report by FICCI, the sector witnessed a staggering 56% reduction in revenue in 2020 due to Covid19.

A Special Investigation Team (SIT) in India carried out extensive searches at 41 locations in the state of Himachal Pradesh on Sunday as part of the ongoing investigation into the alleged $240 million crypto scam.

Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange.

IN10 Media Network, with multiple successful businesses spanning television, digital, and films, has entered the music business with the launch of Let’s Get Louder, which will be helmed by Rajitta Hemwaani. The company said that the music business vertical will serve as a prominent platform for both emerging and established artists from India and beyond. IN10 Media Network aims to redefine the music landscape and invest in assorted music offerings from various regions of the country and world to engage with a large audience. IN10 Media Network MD Aditya Pittie said, “With the introduction of our music business, Let's Get Louder, we will play a pivotal role in supporting and promoting exceptionally talented artists while delivering outstanding musical experiences to audiences worldwide." Commenting on her mandate, Rajitta Hemwaani, COO of Let's Get Louder, noted, “Recent events have further solidified the notion that music is language-agonistic and, aided by cutting-edge technology, can traverse the globe. This is an opportune moment to create and experiment, and one of our primary aims is to reach out to young and global listeners.