Digital Financial News

On September 29, 2023, OpenTrade, a notable platform bridging traditional financial markets with digital asset realms, declared a strategic collaboration with WOO X, enabling its user base to tap into tokenized Treasury Bills (T-Bills) and avail USDC-collateralized loans against liquid assets on a blockchain infrastructure, according to WOO official blog. This initiative is engineered through OpenTrade's recent unveiling of tokenized T-Bills on Circle Research’s Perimeter Protocol.

Tata Consultancy Services said in a statement to the exchanges on Sunday that the company has concluded its investigation into the preferential recruitment allegations and has fired 16 people based on the findings. TCS said it has concluded its review of the allegations on the Resource management function (RMG) within the organisation. “Our investigation found 19 employees to be involved and action has been taken against all as detailed here — 16 employees have been separated from the Company for code of conduct violations, and 3 employees have been removed from the Resource Management function,” the company said in its statement. The company had notified the exchanges of his investigation on June 23.

Mint showed. To be sure, the inflationary pressure has become less broad-based over the months, with the number and weight of such items coming down in the past year. Prices of 83 out of the 299 items in the inflation basket rose by 6% or more as compared to the same month a year ago.

Tech companies say that clients continue to defer newer, non-critical initiatives, choosing to focus on optimisation. While global voices concede that there are no signs of bottoming out just yet, JP Morgan's Jamie Dimon has warned that the world is facing the 'most dangerous time in decades'. Meanwhile, Infosys's headcount fell by 7,530 to 3,28,764 as of September 30, 2023, against 3,36,294 in the June quarter.

Investment bankers laughed their way to the bank with 41 per cent on-year more fee income at USD 967.5 million during the first nine months of 2023, despite a massive fall in deals, according to an industry analysis. This is the highest fee collection by deal makers since records began in 2000. According to Refinitiv, which is an LSEG (London Stock Exchange Group) business, completed M&A advisory fee jumped 34 per cent year-on-year during January-September 2023 and totalled USD 362 million, while ECM (equity capital market) underwriting fees rose by a steeper 38 per cent to reach USD 194.3 million.

Taiwanese company Acer, which sells laptops and other electronic hardware products, has entered India's electric scooter segment and will be marketing vehicles designed and manufactured by urban mobility startup Think Ebikego. The company unveiled its first electric scooter MUVI 125 4G on Sunday priced at Rs 99,999. Under a licencing agreement, Mumbai-based Think Ebikego will produce electric two- and three-wheelers for Acer in the Indian market.

The federal government will require crypto exchanges to hold a financial services licence, issued by the corporate regulator, under a new regime bolstered with specific obligations to reduce risks for investors while also supporting the growth of the digital asset sector.

As the BTC/USD pair exhibits a modest +0.25% gain, trading today at $26,916, the crypto community buzzes with speculation and optimism. 

On September 28, 2023, the DFINITY Foundation, a non-profit R&D entity and a significant player in the Internet Computer Protocol (ICP) blockchain sphere, launched the ICP Asia Alliance and initiated a $20 million grant fund to bolster blockchain and AI endeavors in Asia. The alliance, rooted in Zurich and Hong Kong, focuses on promoting Internet Computer blockchain uptake, nurturing collaborations, and catalyzing innovation within the booming Web3 and AI domain in Asia.

According to a press release on September 29, 2023, the alternative investments management company Alpaca of New York presented its Alpaca Real Estate (ARE) private equity real estate platform to the public for the first time. The platform's first foray into the real estate market was co-founded by industry veterans Daniel Carr (ex-Ares Management) and Peter Weiss (ex-Prospect Ridge), and it receives significant backing from funds provided by GCM Grosvenor, the global alternative investments leader.

drones revolutionise military, commercial and other activities, an imperative need for 'traffic management' of these flying objects has emerged with a start-up by two entrepreneurs from Assam providing solutions for it. Already working with the Indian Air Force for detection and counter-measures of drones, the duo has now come out with an intelligent airspace management platform, which was launched at the 'East Tech 2023', a two-day defence expo which concluded on October 11.

global guidelines around the use of AI, researchers found that while most of the guidelines valued privacy, transparency, and accountability, very few valued truthfulness, intellectual property, or children's rights. Further, most of these guidelines described ethical principles and values without proposing practical methods for implementing them and without pushing for legally binding regulation, a team of researchers from the Pontifical Catholic University of Rio Grande do Sul, Brazil, found. To determine if a global consensus existed regarding the use of artificial intelligence (AI), the researchers identified and analysed 200 documents related to AI ethics and governance published between 2014 and 2022 from 37 countries and six continents and written or translated into five different languages — English, Portuguese, French, German and Spanish.

Tablets at the Spectacular Amazon Festival Sale 2023. As the much-awaited Sale prepares to offer incredible discounts on a variety of cutting-edge devices, get ready for a technological revolution. Lenovo tablets stand out among the impressive lineup, delivering incredible savings of over 65%.

Lok Sabha Speaker Om Birla on Saturday lodged a strong protest with European Parliament Vice President Nicola Beer over the passage of a proposal linked to India's internal matters. Birla further highlighted India's sovereignty and protested against bringing proposals to the European Parliament on its internal issues. Earlier in July, just ahead of Prime Minister Narendra Modi's visit to France for the Bastille Day Parade, the European Parliament adopted a resolution calling on India to act «promptly» to halt the violence in Manipur and protect religious minorities. Om Birla insisted that every nation and parliament is sovereign and that their internal issues should not be discussed by others. Om Birla also held bilateral discussions with the Vice President of the European Parliament Nicola Beer. European Parliament Vice President Nicola Beer also informed Om Birla that Europe is going through challenging times and sought India's cooperation, it further stated.

World Cup league match between India and Pakistan. Amongst the arrivals were Sajjan and Parth Jindal of JSW, Anshuman Ruia of the Essar Group, Sanjiv Goenka of the RP Sanjiv Goenka group and the MRF clan: KM Mammen, Rahul Mammen & Arun Mammen.

YouTuber, boxer, internet personality, and actor, has undoubtedly made a name for himself in the world of digital entertainment. With his online presence spanning YouTube, professional boxing, and various business ventures, Logan Paul has built an impressive net worth.

India vs Pakistan, ICC World Cup 2023: India thrashed Pakistan by 7 wickets to register its 8th World Cup victory against the team in a historic rivalry that has been on since 1991. Team India skipper Rohit Sharma is looking splendiferous with his captaincy, his bat, and his biceps. The 2023 edition of the ICC World Cup has been breaking some huge records since its beginning and on Saturday another one was broken as the India vs Pakistan match drew a record number of viewers on streaming platform Disney+ Hotstar.

Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank) — a new age, digital first bank — has hiked its interest rates offered on fixed deposits kept for 701 days.

In a groundbreaking move toward linguistic inclusion, Bhashini, Indian government-backed AI language translation platform, is set to introduce voice-based services within the National Payments Corporation of India (NPCI). This innovative step aims to make UPI payments more accessible and user-friendly.

For the TikTok star who posts under the name Kodye Elyse, an uncomfortable online experience made her stop including her three children on her social media. A video she posted in 2020 of her young daughter dancing attracted millions of views and creepy comments from strange men. (She requested that The New York Times not print her full name because she and her children have been doxxed in the past.)

grocery delivery platforms and cloud kitchens companies reported tepid demand till evening on the day of the blockbuster India vs Pakistan World Cup match on Saturday, but they expect an uptick late evening as India started its successful chase at around 6 pm. “Food orders were in line with what we usually witness on weekends in the first half of the match…although there was an expectation of a spike with the discounts being offered and advertised during match hours,” an executive at a food and grocery delivery company said.