Digital Financial News

gold jewellery. The HUID Code will be unique to each item of jewellery, and customers will be able to readily verify its authenticity and other details using the BIS Care App. At present two precious metals namely gold and silver have been brought under the purview of Hallmarking. Many individuals buy gold during upcoming festivals, however, they should make sure that they buy the hallmarked jewellery and confirm the same. How much gold can you buy in cash without and with PAN, Aadhaar proof? The move aims to ensure quality of gold jewellery and artefacts to consumers. Note that White gold alloy is covered under mandatory hallmarking. The BIS hallmark on gold jewellery and artefacts is made up of three parts: the BIS emblem, the Purity of Gold, and a six-digit alphanumeric HUID (Hallmark Unique Identification).

Bitcoin ATMs has been continually falling over the past ten months, according to AltIndex.com. The CoinATMRadar data showed more than 1,500 ATMs supporting digital coins were removed in January, revealing the first signs of a negative trend. March saw an even bigger drop, with the number of Bitcoin ATMs falling by nearly 3,600 that month alone. After more than 2,300 new machines were added to the global Bitcoin ATM network in May and June — July brought the worst drop in 2023, the report said.

Sandip Sabharwal, asksandipsabharwal.com, says “unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.” Do you think the risk reward continues to favour Bajaj Auto given their quarterly performance? It does, because of the fact that the management is very credible. So when they talk of things like potential improvement in overseas as well as domestic sales, a good momentum in the festival season, as well as a pickup in the three-wheeler segment, which traditionally used to be the most profitable segment for them, we need to sit up and take notice because that indicates that the overall outlook looks good. Unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.

Arnav Pandya, Founder, Moneyeduschool, says “whenever an active fund manager is managing a portfolio, the benchmark is an important component which will come into play. One has to see that within a particular fund how much is the variation the fund manager goes for from the benchmark in trying to earn that extra alpha or generate higher returns.” The five sectors namely are financial services, consumer discretionaries, IT, healthcare and industrials. Talking about the exposure, the highest, 31% in financial services, consumer is 10%, IT 9% and health and industrial almost 6%. A lot of similarity is seen when an active fund manager frames his strategy for a particular fund which resembles the index or a benchmark. Do you think it is a very common practice or that is how it is supposed to be? Whenever an active fund manager is managing a portfolio, the benchmark is an important component which will come into play because while the fund manager is trying to beat the benchmark because of the manner in which each of the funds are categorized by the definition of which has been laid down by the Securities and Exchange Board of India (SEBI) plus the fact that we are likely to have the main holdings, which are also part of the benchmark.

Suresh Sadagopan, Founder, Ladder7 Financial Advisories, says: «There are two types of platforms. EOP1 is going to be an agent of the asset management companies and they will align with and integrate the platform with the asset management companies. The registrar and transfer agents will be charging the asset management companies and there will be no charge to the client. So this is one kind of platform. Then there is the other kind of platform, EOP2 where if people are doing some work with a stock broker and they want to continue there and they want to see all their transactions reflected in their Demat accounts, they can go through a stock broker and the stock broker will put through the transactions and will directly charge a certain fee as specified by SEBI under this regulation.» Let us begin with the execution only platform. We knew that the SEBI was about to come up with some guidelines and now they have clearly defined both the categories and the kind of work and implementation that they need to take care of. What exactly has been introduced in terms of norms for both EOP platforms? I will give some background.

Search Generative Experience (SGE) experiment in India, which offers AI-powered information overviews with features like language toggling and text-to-speech. Now, SGE is enhancing the user experience by incorporating images and videos for visual understanding. This includes visual guides on topics like future plans to aid in exploring local places and activities within cities.

₹54.12 crore) in a pre-Series A funding round led by Jungle Ventures. The round also saw participation from new investors Accion Venture Lab, Saison Capital, and ICMG Partners, as well as existing backers like Strive, Gemba Capital and Titan Capital, along with debt partners Alteria Capital and Stride Ventures. The fresh capital will be used to scale the company’s phygital distribution model and open additional experience stores across tier II and III cities in India.

Tata Group is weighing putting in $1 billion of fresh capital into its super app venture as the salt-to-software conglomerate seeks to improve the digital business, according to people familiar with the matter. The injection is on top of the $2 billion that Tata Group invested in the venture earlier this year, the people said, asking not to be identified discussing information that is private. Tata Digital Pvt. will receive the new funding in the coming year should a deal proceed, the people said. The conglomerate has asked the digital unit, which runs its flagship online platform Tata Neu, to streamline its operations and fix glitches in the app to make it more user-friendly, according to one of the people.

YouTube will list credible news sources on a «Watch Page» which it will roll out in the coming months in India, a senior company official said on Thursday. «Today, I am thrilled to introduce 'Watch Page' for news… the Watch Page will recommend videos available from credible sources,» YouTube India, head of government affairs and Public Policy, Mira Chatt said at the Google for India event here. She said that the Watch Page will be rolled out in coming months in India.

Preeyam Tolia, Equity Research Analyst – FMCG and Retail, Axis Securities, says “what has worked for Nestle is new product development. The new launches which the company has done in the last few years are working for them. Also their expansion into smaller towns. Most of the FMCG companies are highlighting that the rural is seeing pain but Nestle is expanding into smaller towns. The growth is also led by this kind of activities for the company.” How is Nestle looking to you on the first cut and what is the volume growth number that you are looking at as of now? The overall numbers and the trends are pretty strong and that is in line with our estimates. What we anticipated was a volume growth of 4-5%, kind of single digit volume growth. We expect that the volume growth will be more or less in line with that number as the top line growth has been in line, slightly lower than our estimate but overall a good set of numbers especially on the margins front.

As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike. 

«So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates,» says Nilesh Shah, MD & CEO, Envision Capital. It is not alarming, but it is getting sticky. Markets are hitting a pause button. Do you think we have done for the year in terms of a level, in terms of where market would settle at? I would tend to think so that we have had a sharp kind of an up move over the last six to nine months and so, this calendar year. This financial year so far has been fantastic in terms of price moves, in terms of re-ratings and then that is got backed by strong earnings growth as well. So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.

Multibagger stock: Shares of Tiger Logistics (India) Ltd are one of the multibagger stocks that Indian stock market has delivered in last one year. This multibagger stock has risen from around ₹240 to ₹499 apiece levels on BSE, logging around 110 per cent rise in this time.

₹908 crore in the quarter ended September 2023, registering a growth of 37.27% from ₹661.46 crore in the same quarter last year. The net profit for the quarter includes one-time gain of ₹106.4 crore. Nestle India’s revenue in Q3CY23 increased 9.5% to ₹5,036.8 crore from ₹4,601.8 crore in the year-ago period.

₹1,00,000 and the phone could feature a triple rear camera and impressive display specs. To catch the live broadcast of the event, enthusiasts can visit OnePlus India's official YouTube channel at 7:30 PM IST. Additionally, the company will provide real-time updates on its social media platforms.

Hemang Jani, Independent Market Expert, says What the market would like about Paytm and Zomato is the fact that the operating prices are improving month on month. We have all the data points, the user and the way they have gone about, let us say in case of Zomato, the subsidiaries part, they have been able to kind of curtail the losses and the core offering is getting better, the user base is expanding. In the case of Paytm, if you see the loan products, the wealth product, growth is evident and it is a very profitable business. Once that happens in front of you, that gives you that confidence to participate in that. Jefferies is pretty bullish on Paytm, saying that the growth momentum is only going to continue. What is your outlook on Paytm? Do you just ignore some of the ups and downs that they have had because the long-term prospects look strong or is it an avoid? In Paytm, we have been having a positive view for a while and our take is that on a monthly basis the user base is expanding and more importantly the path to profitability is looking much better.

Sequoia Capital after starting investigations into several other venture capital firms for their investment in Chinese technology companies. The House Select Committee on China is seeking information about Sequoia’s investments into artificial intelligence, semiconductor and quantum computing companies in the Asian country, as well as its recently announced split into three firms. In the split, Sequoia China was rebranded as HongShan.

Netflix has signed a multi-year agreement with Skydance Animation to develop animated feature films that will be released exclusively on Netflix, the streaming service said on Wednesday. John Lasseter, Walt Disney Co's former animation head and co-founder of Pixar, will guide production of the films. Lasseter began working at Skydance Animation in 2019 after taking a leave of absence from Disney in 2017. He was a driving force behind animation hits like «Toy Story» and «Cars.»

laptop, server and other IT hardware importers to provide an international certification attesting that their product is from a trusted source before allowing a licence-free import of it, people in the know of the matter told ET. This certification, one of the people said, could be from an international organisation. This organisation could periodically verify that the components used in the hardware come from trusted supply chains and do not have any spyware or malware in them, this person said.