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LONDON — Shares of the U.K.'s Metro Bank were sharply higher Monday morning, after the lender on late Sunday announced it had secured a £325 million ($395.6 million) capital raise and £600 million in debt refinancing.

We are racing towards a future in which the global financial system will be predominantly digitised. Consumer expectations are increasingly demanding faster services covering loan approval, payment methods and settlements which are being delivered via the New Payments Platform and open banking reforms.

Bitcoin is currently trading at $27,955, experiencing a marginal 0.25% decline on Monday. In a notable development, the CEO of OpenAI has lauded Bitcoin as the "super logical" step on the tech tree, highlighting its significance in the evolving technological landscape. 

₹10 lakh through the app via a range of options including NEFT, IMPS, RTGS, UPI, Scan & Pay, and transfer from one PNB account to another in no time. It also allows you to schedule a transfer for a future day and time. One of the best features of the app is ‘Cardless Cash Withdrawal’, the simplest way to withdraw cash from an ATM without having a physical card with you.

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Union Home Minister Amit Shah will chair a review meeting of the Vishwakarma scheme in the national capital with the BJP leaders on Monday. BJP leaders arrived at the BJP Central Office Extension to attend a meeting chaired by Union Home Minister Amit Shah with Vishwakarma Samaj people. «Amit Shah will review the preparation regarding this scheme.

«We already have one conflict in Europe, adding another conflict to that in the Middle East does not really create anything good, so nothing good is going to come out of it is the way we would look at it,» says Vetri Subramaniam, CIO, UTI AMC. It seems like in the conversations as well in the past with a lot of market experts, they were alluding to the fact that if at all there were to be a sort of change in the undertone of the market that would largely be led by global events or global developments. Do you think what we are seeing play out right now warrants a sort of a decisive change in the market sentiment? I am not sure everybody has managed to figure out the geopolitical implications of whatever has happened over the last three days in the Middle East and what that could actually mean for markets, but I think the bigger sort of trend is obviously that this is something which could create a fresh round of instability.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says he “would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.” What will happen to global sectors? Metal is a bet on China. IT is a bet on the US. Manufacturing is a bet on Europe. What happens there? Globally we are not very positive on what is happening in the US GDP data and all seems to keep surprising us. But if you look at the credit cycle that is happening there, people are revolving credit like there is no tomorrow. There is a slowdown in jobs. So, we believe that a slowdown is inevitable. Now, between a hard landing and soft landing, one could have probability factors but we do not think that there is a growth story in the world yet. We believe that the world is going to go through an extended period of slowdown. Europe will suffer a little more. So, we would tend to be underweight on external oriented sectors. This includes metals, energy and even IT to that extent. We believe that the growth story of the world is at least a couple of years away in terms of the world booming back to growth. It is going to be an extended slowdown. False alarms will keep coming. We would rather stay cautious on the side lines.

“Banking, cement, infra, paper, sugar, power and chemicals (as a contra bet) are some of the sectors where we still see reasonable valuations in some pockets,” says Jiten Parmar, Co-Founder, of Aurum Capital. In an interview with ETMarkets, Parmar said: “Many pockets look expensive. One has to look at individual stocks, for example, many stocks from defense, and railways do not have a margin of safety and are looking stretched,” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? For the medium term and long-term, I remain constructive on the markets. Indian economy is doing fairly well.

The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption.

Cricket World Cup to give a big boost to their businesses even as social media users expressed surprise that the stadium was not full for India's first match against Australia on Sunday. Executives working in these industries said they expect a 30-40% spike in sales during the tournament that will conclude on November 19. Many bars and restaurants have rolled out discounts, promotions, merchandise, cricket-themed menus, screenings, theme decor, and even virtual reality zones. Food delivery app Zomato on Sunday said it has signed actor Ranveer Singh and cricketer Chris Gayle to catch the «cricket energy» for its World Cup campaigns, which includes an AI-generated film. 'Big spike in reservations' Zorawar Kalra, founder of Massive Restaurants that runs Farzi Cafe, Masala Library and Bo Tai, said Sunday's match would have led to a 25-35% increase in «organic» reservations for his outlets that were screening it compared to normal Sundays. «I say organic because it wasn't like we proactive reached out to these customers.

The business has received the green light to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) regulations 2017. This means that Komainu can offer crypto-custody services in the UK, including collateral management services.

We’ve all been chewing over Rupert Murdoch’s retirement announcement two weeks ago, watching on as business figures laud the 92-year-old for stepping back while at the top – or at least near the top. Even fellow media mogul Kerry Stokes gave us quotes saying Rupert was “one of Australia’s great business success stories”.

telecom industry has concerns regarding the data protection law, including the fact that the age gating provision as a validation mechanism lacks specifics, and has sought two years' time for its implementation. Telecom operators say that in conventional consent-taking methods, like for a customer acquisition form (CAF), a person gives consent with Know Your Customer (KYC) details. But the same can't be replicated in an internet-driven consent mechanism. «While there can be ways to validate the age of a person, like through Aadhaar, it needs to be clarified and the provisions should be added in the act,» said an executive of a telecom company, requesting not to be named. The executive said that a person below 18 years of age can't get a SIM card and that can be verified during the KYC process at the time of CAF. «The person who has signed the undertaking is accountable. But how can we verify the age of a person on the internet?» the executive said. «This should be clarified from whom and how we should take the consent.» Apart from age gating, there are other issues like grievance redress and languages that need clarification. The telcos said there is ambiguity around the number of languages that should be utilised for customer services and grievance-related queries.

NEW DELHI : Israel’s declaration of war on Hamas in response to attacks on its territory may cloud New Delhi’s ambitious plans to build an India-Middle East-Europe economic corridor (IMEEC), Indian exporters and trade experts said. The plan to develop shipping and railway links between the three regions was announced as part of the Delhi declaration of the G20 summit in India. Fears are growing in the Indian capital that the war could drive insurance premiums and shipping costs higher as was seen on the trade routes affected by the Russia-Ukraine war last year.

Coinbase's recent approval by Singapore's Monetary Authority signals the city-state's growing embrace of cryptocurrency. As Bitcoin (BTC) continues its bullish trend, backed by Marathon Digital's robust production, the rising star VC Spectra (SPCT) steals the limelight. Let’s explore what's happening in the crypto industry and learn more about this cryptocurrency for beginners.

₹431 crore (excluding Badshah acquisition) seen in Q2FY23. Other verticals—healthcare, and home & personal care (HPC)—are likely to grow in high single digits each. In Q1, these segments saw revenue growth of 10% and 11%, respectively.

₹38,000 crore with their listing. Other than this, extra 41 companies are awaiting SEBi's approval to launch initial public offerings worth ₹44,000 crore, reported PTI citing a report. Fund raising through initial public offerings or IPOs fell 26 per cent to ₹26,300 crore in the first half of the current fiscal, despite the number of issues more than doubling to 31, from 14 issues with the total mop-up of ₹35,456 crore in the year-ago period, according to Primedatabase.

FMCG new packs clog supply chains, say distributors Regarding gross margins, these companies express the expectation of sequential improvement, supported by moderating inflation and a slowdown in price increases. This positive trend enables them to allocate higher budgets for Advertisements and Promotions (A&P). Providing an update on its performance for the September quarter, GCPL stated, "In India, we experienced weak macros and adverse weather conditions during the quarter." Despite facing a "tough operating environment," the Godrej Group's FMCG arm achieved "mid-single digit volume growth" in its organic business.

Last month, when delegates of the Group of 20 (G20) nations arrived in New Delhi, they were given the taste of one of India’s most successful creations: the Unified Payments Interface (UPI). Travellers could make a one-time payment in their own currency to load a digital wallet, which could be used throughout their visit to pay merchants in rupees using the ubiquitous UPI QR codes. That was just one of the various ways UPI has gone global in recent years: the system is already accessible in some form or the other in close to two dozen countries.

payment gateway service provider company's account and siphoned off funds worth over Rs 16,180 crore from different bank accounts over a period of time, the Thane police said. The fraud was taking place since long and came to light following a complaint lodged with Srinagar police station in Maharashtra's Thane city of hacking of the payment gateway account of the company here in April 2023 and Rs 25 crore being siphoned off, an official from Naupada police station said.