Digital Financial News

CIEL Group is expected in the first half of 2024. The company has 'rigorously' invested in optimising the HR processes with digital intervention, said CIEL Group executive chairperson and director K Pandiarajan on Tuesday.

Wipro will roll out annual hikes or merit salary increases (MSI) to its employees effective December 1. The Bengaluru-based information technology firm had postponed the hikes, due in September, by a quarter due to macro headwinds and margin pressure. The hikes will be decided on an individual basis over the next few weeks.

Blackstone, the world’s largest private equity firm, has initiated discussions with the Walt Disney Co to evaluate buying the media giant’s India streaming and television business, said people aware of the matter. The senior India leadership of both companies have held multiple meetings in recent weeks. Blackstone is exploring either buying the business partially — a combination of assets including sports properties and media rights, and the Disney+ Hotstar streaming service — or the whole portfolio that also includes its linear TV franchise such as the flagship Star India TV network, OTT and a 30% stake in Tata Play (Tata Sky earlier), the people said. It is widely believed that Kevin Mayer and Tom Staggs — two former Disney executives who have been brought back this July by chief executive Bob Iger as advisers to help him navigate the company’s legacy television business and the ESPN sports network — have been the key catalysts to bring Blackstone to the discussion table.

More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify.

Circle, the stablecoin issuer, has announced its plans to begin minting USD Coin (USDC) directly on the Polygon network.

Lords of the Fallen" is set to launch globally. It will be available on various platforms like PC, PS5, Xbox Series X, and Series S. It's a next-gen Soulslike title, which is built on Unreal Engine 5. «Lords of the Fallen» is also a sequel to the 2014 game of the same name. It is set in the same dark universe but in the distant future. Now, let us get to know about the different editions and pre-order incentives in the «Lords of the Fallen» game.

Bitcoin (BTC), the world's oldest and most valuable digital currency, couldn't climb above $28,000 recently. 

Investing.com — The S&P 500 jumped Tuesday as investors continued to digest remarks from Federal Reserve officials hinting at another pause on rate hikes next month.

India is hosting the 8th BRICS International Competition Conference (ICC) in New Delhi under the aegis of the Competition Commission of India (CCI). BRICS represents 42% of the world's population, 26% of global GDP, and 18% of global exports. It has seen a more than four-fold increase in their annual FDI inflows from $84 billion in 2001 to $355 billion in 2021. Their share in global FDI inflows also doubled from 11% in 2001 to 22% in 2021.

MUMBAI : The Reserve Bank of India (RBI) on Tuesday asked Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’. This ban comes after RBI found material supervisory concerns while onboarding customers onto the app. Any further onboarding of customers of the bank on the app will be subject to rectification of deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI, said an RBI release.

kitchen appliances. Whether you're an aspiring culinary maestro or someone who simply appreciates the joy of a hassle-free cooking experience, this sale brings something for everyone.

Amazon is heading into one of its biggest sales events of the year — Prime Day — with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites. The Federal Trade Commission's long-awaited antitrust case is the agency's most aggressive move yet to tame the market power of Amazon, a company that's become synonymous with online shopping and fast deliveries. Under chair Lina Khan, the agency hasn't been shy about taking big swings against some of America's biggest companies and testing the limits of competition law to reverse what many of her supporters see as decades of weak antitrust enforcement.

By Stephen Nellis

The Fossil Group is one of the most sought-after premium watch groups across the globe and Myntra is the leading destination of choice for international brands. Seven years together, they’ve cohesively worked in collaboration to make premium watches from a roster of leading global brands available and accessible for customers across India. In an insightful conversation, Sharon Pais, Chief Business Officer at Myntra, and Johnson Verghese, Managing Director at Fossil Group, delve deeper into the remarkable journey of this thriving relationship, one that has seen the Fossil Group grow at an impressive rate on Myntra.

₹2,400. While all the arguments so far suggest that India massaged the truth to its benefit, the main thrust of the piece is that the India achieved its success through “gratuitous acts of coercion." This, the article suggests, ought not to have been the case—that we should have, instead, allowed the free play of market forces. It is this top-down approach—this “unnecessary paternalism"—that it comes down hardest on.

Cloudtail India, once among the largest sellers on Amazon India online marketplace, reported an 84% year-on-year plunge in operating revenue in FY23 to Rs 2,977.8 crore, as it stopped selling on the platform to fall in line with the regulations, according to filings made with the Ministry of Corporate Affairs, sourced from company intelligence platform Tofler. “During the financial year ended on March 31, 2023, the board of directors in its meeting held on March 17, 2022, approved the cessation of business-to-consumer (B2C) business of the company on or prior to April 23, 2022, which was followed by shareholders’ approval in its extraordinary general meeting held on March 19, 2022. Accordingly, the company ceased to carry its B2C business with effect from April 23, 2022,” the filing said.

Siemens AG, German multinational technology conglomerate plans to make India hub for mass transit solutions, company executives said today. «The $3 billion large order (from Indian Railways) that we won, will for sure accelerate component and locomotive manufacturing here,» said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG, adding that Siemens also has a site where it develops a lot of infrastructure solutions and wants to use India as a hub for mass transit solutions which is a huge opportunity. Early this year, Siemens signed a Rs 26,000 crore ($3.25 billion) contract with Indian Railways to supply and service electric locomotives for freight movement in India. The deal is the biggest locomotive deal in the history of Siemens Mobility and the single largest order for the company in India. As part of the agreement, Siemens will deliver 1,200 electric locomotives of high capacity 9000 horsepower (HP) and also provide servicing for 35 years to the Railways.The deliveries would be undertaken over an eleven-year period. Siemens said it has engineering capacities in India (30 factories) and wants to build and look at how it can develop this further for the region. «We already have the Pune-Hinjewadi project with the Tatas.

Bitcoin-bullish presidential candidate Robert F. Kennedy Jr. has announced that he is now chasing his country’s highest office as an independent, rather than as a member of the Democratic party.

PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices

The streets of New Alipore and the Port area have witnessed multiple occurrences of a gang of pickpockets targeting mobile phones through the windows of waiting buses and local trains. After the swift theft, the culprits have been exploiting UPI apps installed on these phones, often with saved passwords, to siphon off money. Narrating his ordeal, Ghosh shared, «I was returning from my office at Behala. I was sitting by the window of the bus, busy typing a message on my phone.

Competition Commission of India (CCI) will soon come out with regulations around the proposed leniency-plus regime, which will encourage companies under investigation for cartelisation to report other cartels and get their own penalties reduced, chairperson Ravneet Kaur said on Tuesday. The leniency-plus regime was proposed in the Competition (Amendment) Act 2023. It is aimed at creating a structure that will incentivise companies under scrutiny for spilling secrets of other cartels. The regulator will soon seek stakeholder comments for the regulations and finalise them, Kaur said in her first press conference after taking over as the head of the CCI in May. Kaur said competition authorities of the BRICS grouping will meet this week to deliberate on existing and emerging anti-trust issues, with India hosting the conference after a gap of 10 years.