Digital Financial News

Policies for MSMEs: Providing policy and data support to micro, small and medium enterprises can boost their role as drivers of growth in the economy, according to Asia Small and Medium-sized Enterprise Monitor 2023, published today by the Asian Development Bank. Further, it states that the MSME sector played a vital role in the recovery of the economies of Asia and the Pacific region. 

The Securities and Exchange Commission (SEC) had rejected the move, but a federal appeals court ruled that the regulator was wrong to reject an application from the company.

Spotify on Tuesday reported quarterly monthly active users and subscribers ahead of expectations as it grew in all regions, and forecast that the number of monthly listeners would reach 601 million in the final three months of 2023. The company posted a third quarter operating income of 32 million euros ($34.08 million), its first quarterly profit since 2021, helped by a higher gross margin and lower marketing and personnel costs.

Samsung's Galaxy S24 series is nearing its launch in early 2024 and reports suggest the South Korean giant is gearing up to revolutionise the smartphone landscape with AI integration, aiming to create the «smartest AI phones ever.» The company's focus on artificial intelligence (AI) technologies, particularly generative AI, is poised to challenge competitors like Google’s Pixel 8 series. Samsung plans to introduce advanced AI features, some inspired by models like ChatGPT and Google Bard. Users can anticipate capabilities allowing them to create content and stories based on minimal input, a user-friendly feature aimed at enhancing creativity. Additionally, Samsung is developing in-house generative AI tools, including text-to-image functionality.

If these features fascinate you and you're interested in purchasing a smartwatch for yourself, then this article is for you. In this article, you will find a list of the best smartwatches under 4000 in India, readily available on Amazon. These watches will not only look fabulous on your wrist but also fit right under your budget. We have also ensured to provide every piece of information you may need to make an informed decision about your smartwatch.

personal loan offers," said Apurva Kaushik Students and parents should be wary if they receive any calls or messages with special offers. It is best to recheck on the official websites of lenders for such offers, and not fall into scams, he added.

Bitcoin, once again, is generating buzz as it surges past the $33,000 mark, raising speculations about a possible "next wave" in the cryptocurrency realm.

₹10,000 per 10 grams in the domestic market to ₹60,700. Analysts expect gold prices to remain elevated and continue giving decent returns going ahead in light of the upcoming festive season. Also Read: Why the Gold Price is Rising? Should You Buy Gold Now? On Tuesday, gold prices traded higher.

In today's digital age, convenience meets financial needs, but it also brings forth the looming threat of cyber fraud. In FY 2021, the domestic payments fraud recorded by the regulated businesses in India was around ₹542.7 crore; in FY 2023, it was about ₹2537.35 crore. In FY23, 9926 cases of digital loan app-related fraud were reported. 

Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions. The world's biggest cryptocurrency was last at $32,833 after trading as high as $34,283. Crypto-related shares such as exchange Coinbase Global, miner Marathon Digital bitcoin holder MicroStrategy rose sharply and were making further gains in after-hours U.S. trade.

Torrent Pharma on Monday posted Rs 386 crore net profit, a year-on-year (YoY) rise of 24% in the second quarter ended September led by sales growth across its key markets of India, Brazil and Germany. The company reported net profit of Rs 312 crore during the corresponding period of previous year. Revenues rose 16% YoY to Rs 2,660 crore during Q2FY24, compared to Rs 2,291 crore in Q2FY23. The earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22% YoY to Rs 825 crore. The R&D spend rose 9% YoY to Rs 132 crore in the second quarter. India sales that constitute over half of Torrent's revenues grew 18% YoY to Rs 1,444 crores in Q2FY24. Torrent said the growth was led by continued double digit growth in chronic therapies, revival in gastro demand, traction in consumer division, and new launches. Curatio portfolio grew by 17% led by strong growth in top focus brands. Brazil revenue was up by 36% YoY to Rs 252 crore.

A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.

California is taking decisive action to combat what it perceives as a growing threat of crypto scams. 

Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro are increasing their profitability as the elbowroom to expand revenues appears rather constricted. TCS, the leader of the pack and the only tech company to feature in the list of global top 100 by market capitalisation, sequentially widened its operating margins by 110 basis points to 24.3%.

Investing.com-- Bitcoin, the world’s largest cryptocurrency, rose sharply on Tuesday amid increased speculation that the U.S. Securities and Exchange Commission was close to approving a spot exchange-traded fund.

Popular Bitcoin advocate firm MicroStrategy is witnessing a remarkable increase in the value of its extensive Bitcoin holdings, which exceed 150,000 BTC. This surge in value is due to the recent resurgence of the leading cryptocurrency.

By Hannah Lang and Kanjyik Ghosh

The U.S. government is tightening trade restrictions on Hamas-related to entities as Congress presses the Biden administration to do more about the terrorist group’s sources of crypto funding.

The global wealth management market is set for exponential growth through the rest of the decade according to a new report.

NEW DELHI : Increasing use of labour-saving technologies such as robotics and artificial intelligence in manufacturing warrants creation of more jobs in agriculture and allied sectors, where new opportunities are emerging, according to NITI Aayog member Ramesh Chand. The idea of labour transition from agriculture to industry was envisaged in the model of economic growth pioneered by British economist Arthur Lewis but the emerging opportunities for job creation in the evolving agriculture sector needs to be explored given that manufacturing is becoming less labour-intensive with adoption of technology, Chand said in an interview. “That (transition of labour from farm sector to industry) was the earlier model of Arthur Lewis.

Elon Musk has decimated X’s trust and security teams, while Meta Platforms has admitted it is leaning away from caring about news content and Google-parent Alphabet is firing employees involved in news curation. This is happening before we’re fully experiencing the effects of AI, a new frontier in digital fakery. While the use of deepfakes in the Israel conflict has been minimal, the sophistication is increasing.