Digital Financial News

Netflix increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered expectations for new customers, sending its shares surging 13%. Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. Netflix said it expected a similar number of additions in the current quarter.

Venture capital firm Celesta Capital plans to add another 15-25 entities to its India portfolio over the next 3-5 years, even as startups in India have been caught in a funding winter. “There is no slowing down or pulling back,” managing partner Arun Kumar told ET.

Showroom B2B, a business-to-business platform for unbranded garments, on Wednesday said it has raised $6.5 million in a pre-Series A funding round led by Jungle Ventures. The round saw participation from other new investors – Accion Venture Lab, Saison Capital and ICMG Partners. Existing backers included Strive, Gemba Capital and Titan Capital, and debt partners Alteria Capital and Stride Ventures.

Wipro, an erstwhile software bellwether now undergoing a protracted turnaround, on Wednesday reported a marginal on-year increase in the September-quarter net profit that declined nearly 8% sequentially, mirroring an industry-wide sluggishness in deal conversions and cautious discretionary spending in primary revenue-generating markets either side of the Atlantic water margin. India's fourth-largest software company also gave a tepid outlook, citing an «uncertain» business environment. Another sharp headcount reduction and circumspect business projections were worse than the grim forecast provided earlier by larger peers, such as Tata Consultancy Services (TCS) and Infosys, for a near $250-billion outsourcing industry that accounts for one-eighth weighting on the Nifty.

internet companies — including social media firms — with regard to user-generated content published on their platforms, more “the exception than the norm”. The move could redefine the future trajectory of India’s digital and social media industry. A draft of the revised IT Act (The Digital India Bill), reviewed by ET, shows that the default exemption to internet intermediaries currently available under Section 79 of the Information Technology (IT) Act of 2000, is likely to be provided only on a “case-to-case basis” once the new regulations come into force.

Bitcoin, the undisputed king of the cryptocurrency market, is once again at an inflection point. As the pioneer digital asset fast approaches the $29,000 level, traders and investors alike are keeping a keen eye on critical price levels and market indicators to gauge the next possible move.

Senator Elizabeth Warren (D-Mass.) has called on the Biden administration to address crypto's use as a terrorist financing tool. Her concerns were documented in a bipartisan letter signed by over 100 lawmakers, including Sen. Roger Marshall (R-Kan) and Rep. Sean Casten (D-Ill). 

European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.

₹50 to travel from Sahibabad to Duhai depot. according to the National Capital Region Transport Corporation (NCRTC). The fare for the same route will be ₹100 in a premium-class coach, it said.

Five years ago, one in eight directors was a woman, and ten years ago, the proportion was one among twenty members, Prime Database research showed.

(Reuters) -Universal Music Group, the label representing Taylor Swift, said on Wednesday it has partnered with digital music firm BandLab Technologies to help protect the rights of artists and songwriters amid the growing use of artificial intelligence.

Wipro, India’s fourth largest IT services provider, recorded a sequential dip of more than 5,000 employees to 244,707in its headcount for the second quarter of FY24. The company’s staff strength for the quarter ended June was 249,758. Its voluntary attrition for IT services stood at 15.5%.

IIFL Finance on Wednesday reported a 32 per cent on-year growth in net income at Rs 526 crore for the quarter ended September 30, driven by higher interest income. Total income grew 33 per cent to Rs 1,599.3 crore, the company said, adding its asset quality improved with gross Non-Performing Assets (NPAs) falling to 1.8 per cent from 2.4 per cent and net NPAs improving to 1 per cent from 1.2 per cent.

gold loan from IIFL Finance is now more about convenience than mere lending funds to needy customers. What makes IIFL a leading choice among people seeking funds against their gold as mortgage is their strict ‘no hidden charge’ policy and the maximum loan value they provide against gold. Whether it's the processing fee (starting from INR 0), the interest rate (starting from 0.99% onwards), or the lightning-fast loan approval procedure, IIFL has secured to gain people’s trust in every way possible.

top SEO companies in India? Well, to help you narrow your search and get started on your SEO and digital marketing journey for better rankings on Search Engine Result Pages (SERPs), we have curated the following article. Our experts took it upon themselves to research the numerous SEO and digital marketing companies in India and their offered services. We have shortlisted the 7 top SEO companies in India and compiled them into this list below.

(Reuters) -Bank of Nova Scotia will cut about 3% of its global workforce as a part of efforts to streamline operations, Canada's fourth largest bank said on Wednesday.

By Helen Coster

Amazon.com is introducing an array of new artificial intelligence and robotics capabilities into its warehouse operations that will reduce delivery times and help identify inventory more quickly. The revamp will change the way Amazon moves products through its fulfillment centers with new AI-equipped sortation machines and robotic arms. It is also set to alter how many of the company’s vast army of workers do their jobs.

₹50,000 on the Kwid and Triber, and up to ₹65,000 on the Renault Kiger, capitalizing on the increasing buying sentiment during this auspicious period. The Renault Kwid comes with a package of offers that encompass cash benefits of up to ₹20,000, exchange benefits of up to ₹20,000, and supplementary loyalty benefits. Similarly, the Renault Kiger offers cash benefits of up to ₹25,000, exchange benefits of up to ₹20,000, and additional loyalty benefits.

Splendor+ and Splendor+ XTEC. The Passion+ will be offered in Black Grey trim, while the Passion XTEC will come with the Matte Axis Grey design.

Karnataka is set to get Rs 15,000 crore in investments for research and development (R&D) in the electric vehicles (EV) sector, Industries Minister MB Patil said on Wednesday. The state has so far attracted investments of about Rs 25,000 crore in the sector, across the value chain, he said.