Digital Financial News

Delhi Metro has rolled out a QR code ticketing option via the Paytm app on all its lines, as announced by officials on Thursday. This expansion of the innovative service was inaugurated by Vikas Kumar, the Managing Director of Delhi Metro Rail Corporation (DMRC), according to an official statement. With this new feature, commuters can now get the mobile QR ticket on the Paytm app under the 'Delhi Metro' section, by simply entering the station of entry and destination on the day of the journey, it said. Passengers can just hold their smartphone in front of the QR code scanner of the Automatic Fare Collection (AFC) gates at both entry and exit stations to proceed with the journey.

Mahantesh Sabarad, Independent Market Expert, says “I do not think guidance revision will lead to a massive derating in EPS estimates but potentially expectations from Infosys will get further delayed. Most of the analysts would roll forward their estimates and look at a better EPS and therefore with the lower multiple assigned, virtually retain the same target price. Something similar is likely to happen. I do not see any major upgrades coming in per se in terms of either EPS or target prices from analysts.” For Infosys. revenue has come in at 2.3% sequential growth. Margin has seen a 40 bps expansion at 21.2% and we are also looking at a TCV of around $7.7 billion. But, of course, the biggest headline is the guidance cut on the upper end. Your take. These results seem to be all right and 2.3% constant currency growth is a bit of a positive surprise and the deal wins are also very good. I am not too sure why the guidance has been tempered down. I guess like TCS, they are also facing a bit of execution issue ramp downs and late ramp-ups are likely to happen ahead. That seems to be the broader issue for the entire industry per se.

real estate market, staying ahead of the curve is vital for investors looking to make informed decisions. The Indian real estate sector has experienced profound transformations over the past few decades.

Revenue from operations during the period rose 8% to Rs 26,672 crore as against Rs 24,686 crore in the same period last year. The board has declared an interim dividend of Rs 12 per equity share for the financial year 2023-24. The record date for the same has been fixed as October 20 and the payment will be on October 31. Both profit and revenue were above the estimates.

Karnataka, state’s Industries Minister MB Patil and IT/BT Minister Priyank Kharge said on Thursday. The ministers shared details of their interactions with top executives during their recent US tour at a media conference. Some of these companies were already in the process of investing about $ 1 billion in the state.

Taiwan has repeatedly pushed for the conclusion of a Bilateral Investment Agreement (BIA) with the EU, saying it would help encourage more Taiwanese investment, especially from chip companies.

By Nupur Anand

In the wake of the Federal Open Market Committee's (FOMC) recent assertive commentary, Bitcoin price experienced a near 3% dip. 

₹72.3 crore) in its Series B funding round led by Harmony Ventures and Accel as new and existing investors, respectively. AI Growth Pvt. Ltd, which operates the fixed-income investment platform Jiraaf, has secured $8.7 million ( ₹72.3 crore) in its Series B funding round led by Harmony Ventures and Accel as new and existing investors, respectively.

SUGAR Cosmetics launches a TVC to mark the festive season with Bengali actor, Prosenjit Chatterjee along with actors Tonni Laha Roy, Diya Mukherjee, and Aratrika Maity. Prosenjit extends an opportunity to his fans to meet him this Pujo season, adding a dash of excitement to the celebrations. The TV commercial will be aired statewide across leading Bengali television channels. Additionally, the commercial will be amplified across mainstream digital, social media channels, and retail touchpoints.

The commercial real estate asset class in India has become one of the favoured investment avenues for global institutional investors, often referred to as the “Blue Eyed Boy” of private equity funds. Commercial real estate is one of the asset classes that is closely correlated to the underlying country macro-conditions – considering the Indian Growth Story, the returns have been commensurate presenting a compelling risk-adjusted investment proposition. Through innovation and technology, this asset class has largely been democratised, providing retail investors with unprecedented access.

SKF India, the country’s leading bearings manufacturer has launched ‘Open Innovation’ initiative to accelerate innovation and create more sustainable and customer-oriented solutions under the intelligent and clean strategy.

A group of Chinese firms will move into a CBDC-themed “digital yuan industrial park.”

tech companies must remove illegal content from their platforms, or risk facing severe legal penalties. Following the militant Islamist group Hamas' attack on Israel and Israel's retaliatory airstrikes in Palestinian enclave Gaza, social media firms have seen a surge in misinformation related to the conflict, including doctored images and mislabelled videos, alongside images of graphic violence.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says “we were negative on IT for the last 18 months. We have not owned a single IT share. But it is now coming on our screen. We typically look at stocks which are non-consensus. We are still not buying IT but if we get a major price cut on some bad news, then we will probably start nibbling into it. It would be probably too late to sell and maybe too early to buy but you want to buy this on some bad news.” We were seeing a bit of consolidation in the last couple of days but there is a bit of a spike as well and a lot of global headlines. How are you approaching the markets right now? Putting money to work or keeping the powder dry? For us, for the last few months we have been saying that the market is going to be in a consolidation phase. We probably had a price correction and more particularly will see a time correction. The largecaps have been like that. In the last three months, the largecaps have done nothing. They are more or less flattish, slightly down and it is the small and midcap space which have done well so far. But a consolidation is due in that space. We have some cash in the portfolio and we are keeping the powder dry in case there is a correction, but otherwise we are 85% invested.

Wagering giant Tabcorp has followed global rival Entain in warning investors about soft trading conditions, reporting that revenue fell across its divisions just three months into the new financial year.

Sitharaman held discussions with US Treasury Secretary Janet Yellen on the policy priorities of the International Monetary Fund and how the institution should support its membership. The two met on the sidelines of the ongoing IMF-World Bank Annual meetings in Marrakech, Morocco, the Union Ministry of Finance informed. In her intervention, Sitharaman spoke about IMF's mandate and lending policies, a strong, quota-based, and adequately resourced IMF, Poverty Reduction and Growth Trust (PRGT) Financing and IMF Governance reforms. In her address, she also highlighted the role of IMF in addressing debt restructuring process bottlenecks and fostering cooperation on debt issues, including through co-chairing the Global Sovereign Debt Roundtable (GSDR) with India and the World Bank, according to the Finance Ministry. The roundtable discussion was hosted by US Treasury Secretary Yellen. A high-level seminar on «Strengthening the Financial Capacity of MDBs» was also organised by the G20 India Presidency. Sitharaman drew attention to India's G20 Presidency's focus on the importance of multilateralism to move towards coordinated and consensus-based solutions to global challenges and also highlighted that in line with the evolving needs of the membership, the IMF's primary focus needs to be macroeconomic surveillance and policy guidance. The participants during the seminar deliberated on various options to enhance multi-lateral development banks (MDBs) financing and how these options can be implemented most effectively across the MDBs. The Union Finance Minister also underscored the importance of the IMF to remain well-capitalised through quota-based resources to remain central to the global financial safety net. Expressing

video content consumption patterns of American teenagers, highlighting YouTube's domination over Netflix in grasping the young viewership. Teenagers in the U.S., as per the survey, allotted 29.1% of their daily video consumption time to YouTube, surpassing Netflix which stood at 28.7%.

Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.

Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round.