Digital Financial News

In a historical first, PetroChina – a Chinese-state-owned oil and gas company – has officially completed its first international crude oil trade using the digital yuan (e-CNY).

Goa government is working on attracting more 'digital nomads' and technology investment to the state by bolstering its electronics and accommodation infrastructure. This quarter, co-working shacks called 'sea hubs' will be set up along the beach, the state's minister of tourism and IT, Rohan Khaunte, told ET. «They can go and surf in the water, they can go to the shack and have some good Goan food, and then go and work at a workstation,» he said. High-speed internet connectivity in rural areas is crucial for both 'digital nomads' and the success of Goa's homestay policy, which the state government plans to roll out next month to take tourism to the hinterland.

Exponent Energy is set to shortly close its first funding round in more than a year by raising $25 million at a valuation of $100-120 million, multiple people briefed on the development said. The round will be led by Fidelity-backed global investor Eight Roads, which has invested in Indian startups such as Pharmeasy, Whatfix, Shadowfax and Icertis. Exponent Energy’s existing investors including Lightspeed India and AdvantEdge VC will also take part in the round, the people cited above said.

Bitcoin extended a rally fuelled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $34,605 as of 8:11 a.m. (7:31 p.m. IST) in New York on Tuesday, taking its year-to-date rebound from 2022's digital-asset rout to 108%. The possible approval in coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardor for the token. Asset managers BlackRock and Fidelity Investments are among those in the race to offer such products. Digital-asset bulls argue the ETFs would widen adoption of the cryptocurrency. A US federal appeals court on Monday also formalised a victory for Grayscale Investments LLC in its bid to create a spot Bitcoin ETF over objections from the US Securities and Exchange Commission.

Cryptocurrency investing is rapidly breaking into mainstream financial consciousness, according to pro-crypto Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger.

Bitcoin (BTC), the most valuable cryptocurrency in the world, has recently achieved a significant milestone by surpassing $34,000. This represents its highest point in the past three months. 

Bitcoin has seen an astonishing surge of more than 10% this week, reaching an all-time high price of $35,900. This surge has had a domino effect on stocks linked to the crypto asset, propelling them to impressive multi-week highs.

Popular hardware wallet company Ledger has launched a cloud-based private key recovery tool called 'Ledger Recover.'

Persona 5 Royal, Persona 4 Golden, and Persona 3 Portable on the Nintendo Switch, but some were disappointed by the absence of Persona 3 FES. Speculation arose about a possible Persona 3 remake with missing features and modernization. Atlus has now confirmed the development of a remake called Persona 3 Reload. Here's what we know about the game, including its release date and platforms.

Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year.

Envestnet has launched a new embedded investment platform to empower banks and other financial institutions offer a more holistic service to their customers.

Despite what some have been led to believe, “cryptocurrency isn’t the currency of choice for criminals,” according to Perianne Boring, CEO of the Chamber of Digital Commerce.

Premier League (IPL) when it was conceived by the Board of Control for Cricket in India (BCCI). Badale thinks the IPL has a bright future, but to grow the league, the BCCI and the franchises need to elevate the fan experience. He added that the next media rights cycle will be very different from what we have seen thus far due to the rapid changes in the media consumption habits of consumers.

Reserve Bank of India keeps tightening monetary conditions — deposits. Conventional business approach is to raise interest rates to get more funds, but this time is different, says Jefferies. While HDFC Bank is opening branches to net more depositors, Kotak is tapping its digital highway.

tech centre for agricultural and construction equipment manufacturer Case New Holland (CNH industrial) Global Chief Information and Digital Officer Marc Kermisch told ET, adding that the talent in the country touches «every single aspect» of the Group's ecosystem. CNH — which has 600 engineers working at the India Technical Centre (ITC) in Gurugram (Haryana) — is in the process of hiring an additional 400 over the next 12-24 months. «India is already 6X larger (in size than the average R&D centres globally) and will be quickly 10X larger.

Mint explains. The headcount in India’s IT sector this fiscal year is expected to grow only 2.4%, as per recruitment firm Xpheno. This is in sharp contrast to the years just after the pandemic when it saw the phenomenon of the ‘Great Resignation’—engineers resigning in huge numbers, sending firms into a hiring frenzy as demand shot up.

Amazon is rolling out passkey support on browsers and mobile shopping apps (iOS users), making it easier and safer for the customers to access their accounts with passwordless sign-in. Customers can now set up passkeys in their Amazon settings, allowing them to use the same face, fingerprint, or PIN used to unlock their device.

New Delhi: Amid the global economic crisis, Hexaware Technologies, a global IT services provider, is seeing substantial growth prospects. In an interview with TechCircle, chief executive Srikrishna Ramakarthikeyan shares his views on using digital technologies for growing its business, besides outlining the company’s strategy for emerging technologies like generative artificial intelligence, and plans for future growth and acquisitions. Edited excerpts: Our philosophy is that a change in ownership does not impact how we operate as a company and what we do right.

New Delhi: Multiple acquisitions, which were a part of information technology (IT) services firm Happiest Minds’ initial revenue growth guidance for FY24, are now expected to be closed by the end of this fiscal or early next—leading to the firm revising its growth guidance for the year. In an interview with Mint, Joseph Anantharaju, executive vice-chairman, and Venkatraman Narayanan, managing director and chief financial officer of Happiest Minds, added that the delay in acquisitions were the largest reasons for the revenue growth guidance revision—with the rest being attributed to slower overall growth opportunities in the first half of the year.

fire. Five years after the GDPR came into force, concerns are being expressed about how inconvenient it is that everyone who has anything to do with Europe, no matter how remote, still has to comply with its provisions.

online fashion retailer ASOS on Tuesday postponed Wednesday's planned publication of its annual results until Nov. 1, saying its auditor PwC needed more time. «The short delay is to allow its auditor, PwC, to complete its planned testing. PwC has assured the Board that the outstanding procedures are limited in nature,» ASOS said in a statement.