Digital Financial News

While Twitter has always struggled with combating misinformation about major news events, it was still the go-to place to find out what’s happening in the world

After-Hours Stock Movers:

India Inc – for India Inc. Now in its fifth edition, The Economic Times Women Ahead listing showcases a formidable line-up of 29 female achievers, who have made an impact not just in their respective organisations and industries but are also inspirations to future generations of leaders. Based on an extensive study by consulting firm Spencer Stuart, the list itself has been picked by the who’s who of corporate India. The stellar panel of jury members included Harsh Goenka, chairman, RPG Enterprises (also, chair of the jury); Janmejaya Sinha, chairman, India, Boston Consulting Group; Shweta Jalan, managing partner, Advent India PE Advisors; Zia Mody, cofounder & managing partner, AZB & Partners; Saugata Gupta, managing director and CEO, Marico; V Vaidyanathan, managing director and CEO, IDFC First Bank and Gaurav Dalmia, chairman, Dalmia Group Holdings.

By Fanny Potkin and Supantha Mukherjee

As the digital gold rush continues, Bitcoin remains at the forefront of the crypto landscape. Despite a recent hiccup where it struggled to breach the $28,000 threshold, dropping to $27,100 on Wednesday, enthusiasts remain optimistic. 

The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.

New insights into the creation of Bitcoin and Satoshi Nakamoto's identity have emerged through an undisclosed email from August 22, 2008, directed to computer scientist Wei Dai. This email sheds light on the early stages of Bitcoin's development and its intellectual foundations.

In early September 2023, the US Financial Accounting Standards Board (FASB) finally approved the commonly accepted accounting practice of mark to market accounting to apply to corporations and businesses holding crypto digital assets.

Narendra Modi will inaugurate on Friday the meeting of Presiding Officers of Parliaments of G20 member nations that will deliberate on critical global issues such as gender equality and transforming lives through public digital programmes. Lok Sabha Speaker Om Birla will kick-start the three-day summit on Thursday by chairing a Parliamentary Forum on LiFE (Lifestyle for Environment), a movement proposed by Modi to advocate sustainable lifestyles to safeguard the environment.

TCS on Wednesday said it has 250 staffers in Israel and stressed that the ongoing conflict will not have any major impact on its business. The company said it is in constant touch with all staffers, and at present, the focus is their safety and to look at how they help the communities they live in. It has initiated business continuity plans wherever necessary to ensure that the customers do not get impacted, TCS Chief Operating Officer N Ganapathy Subramaniam told reporters, adding that it does not expect any major impact of the war on its business.

Jammu and Kashmir-based business group engaged in various sectors, such as cement, steel, glass, plywood, tourism and healthcare, among others. The Central Board of Direct Taxes (CBDT) issued a statement on Wednesday, saying it covered 40 premises in the Srinagar, Sopore, Budgam, Sonmarg and Pulwama areas of the Kashmir valley, apart from Delhi, after the raids were launched on Monday. Incriminating documents, hand-written diaries and digital devices were seized during the searches, it said.

advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month.

X Corp (formerly Twitter) banned a record 5,57,764 accounts in India between August 26 and September 25, mostly for promoting child sexual exploitation and non-consensual nudity. The micro-blogging platform, going through a churning under Musk who has recently appointed a new X CEO Linda Yaccarino, also took down 1,675 accounts for promoting terrorism on its platform in the country.

PFI), the National Investigation Agency (NIA) on Wednesday carried out extensive search operations at twenty different locations in six states in connection with a case linked to Bihar's Phulwari Sharif terror conspiracy case. The Bihar's Phulwari Sharif terror case is being probed by the agency for the last one year. These searches were carried out at premises in various regions, including Fazalpur, Shaheen Bagh, Okhla, and Chandni Chowk in Delhi; Bhopal district in Madhya Pradesh; Thane and Mumbai in Maharashtra; Tonk and Gangapur City districts in Rajasthan; and in the regions of Lucknow, Siddharth Nagar, Sant Ravidas Nagar, Kanpur, and Gorakhpur in Uttar Pradesh. Additionally, searches were conducted in Madurai, Tamil Nadu. These operations were part of an ongoing investigation into cases linked with the PFI, and their involvement in unlawful and anti-national activities. During the searches, a substantial cache of crucial evidence in the ongoing case was found, said the NIA, adding «This evidence includes various digital devices such as laptops, mobile phones, SIM cards, memory cards, pen drives, and hard discs.» «Furthermore, incriminating documents have been recovered during the operations,» the NIA also said. Additionally, the agency further said, a significant amount of Indian currency, with a face value of Rs 8.5 lakhs has been seized in connection with the instant case. The case was initially reregistered at Phulwari Sharif Police Station in Bihar's Patna district on July 12 last year.

embedded technology company, embedUR Systems, is ramping up its presence in India with an investment of Rs 500 crores in Chennai over the next five years, the company's founder and chief executive Rajesh Subramaniam said in a media interaction on Wednesday. “Chennai’s strategic geographical positioning along with the availability of the vast engineering talent provides it with an immense potential to develop into a Global Embedded Systems Hub and become a key player in providing cutting-edge embedded technologies and transforming industries across the world," he said.

Speaking on the association Harshvardhan Lunia, Founder and CEO, Lendingkart, said, “In India, cricket cuts boundaries! We are very excited to be a part of the Cricket World Cup Broadcast on Disney+ Hotstar. Our upcoming brand campaign aims to spotlight the brand's pivotal role in alleviating the financial challenges faced by small businesses across India. The campaign's creative concept illustrates small businesses getting caught in a loop-like struggle caused by bottlenecks in the conventional financing system. Lendingkart's swift, hassle-free, technology-driven solutions are the catalyst that will help MSMEs flourish. The exposure associated with Men's Cricket World Cup will help to deliver the message that small businesses no longer need to be stuck in a loop because of financial challenges and ultimately establish Lendingkart as the MSME Finance Specialist." The sponsorship will be supplemented by on-air ads featuring their brand ambassador Rajkummar Rao who is seen solving the problems of MSMEs in a set of 3 fun-filled films.https://youtu.be/6BseeyqByQchttps://youtu.be/BirRVvWzsBghttps://youtu.be/Rjs1uwCW6jo Since its inception, Lendingkart Group has evaluated millions of applications, disbursing over 2,50,000 loans worth over 15,000 crores in more than 4000+ cities and towns across all states and union territories of India, reaching over 14,500 pin codes, making it the fintech having the largest geographical footprint in the country. The Men’s ODI World Cup kicked off on the 5th of October with the final to be played in Ahmedabad on the 19th of November, all 48 matches will be available for streaming on Disney+Hotstar platform.

LD Sharma and Optimise, LD Sharma through Shoogloo, has bought Optimise India 100% and rebranded to Shoogloo. As part of the changes, LD Sharma has exited the Optimise group, and Optimise has acquired 100% ownership of Optimise APAC.

“This is going to be a game-changer policy for the entire startup ecosystem,” IT/BT Minister Priyank Kharge said, inaugurating an event to plan strategies to take Karnataka towards building a $ 1 trillion economy.

Gupta rejoined ICANN on October 3 as Vice President, government and intergovernmental organisation (IGO) engagement for the APAC region and Stakeholder Engagement South Asia. The organisation said Gupta will primarily oversee ICANN's engagement and participation in IGO and multilateral forums in the region, including meetings and initiatives of the International Telecommunication Union (ITU) and engaging with regional governments on the United Nations Global Digital Compact and the World Summit on the Information Society (WSIS)+20 process.

Key Takeaways

As the digital landscape evolves, decentralized governance has become an important notion to foster a fair and inclusive ecosystem. In the trend toward transparency and collaborative decision-making, analyzing companies’ roles and responsibilities in this new paradigm is critical as we navigate the exciting realm of decentralized governance in search of the ideal balance of transparency and control.