Digital Financial News

Bitcoin has been making waves in the cryptocurrency market recently, with speculations suggesting that the leading cryptocurrency might be on track to reach $28,435 by the middle of October. 

Startup India scheme. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. However, India's tech space has seen a huge decline in funding this year.

₹2.8 crore according to film industry tracker Sacnilk. This marks one of the weakest opening day figures for an Akshay Kumar film.

Donald Trump is officially backing Rep. Jim Jordan of Ohio, the pugnacious House Judiciary Committee chairman and longtime Trump defender, to succeed Kevin McCarthy as House speaker. «Congressman Jim Jordan has been a STAR long before making his very successful journey to Washington, D.C., representing Ohio's 4th Congressional District,» Trump wrote on his Truth Social site shortly after midnight Friday.

BBC director of nations, Rhodri Talfan Davies, said GenAI provides opportunities to deliver «more value to our audiences and society». «We believe Gen AI could provide a significant opportunity for the BBC to deepen and amplify our mission, enabling us to deliver more value to our audiences and to society,» he added.

India such as Amazon and Flipkart to leverage their growing user base and sales-driving capabilities, said Samantha Bukowski, global head of ecommerce, GroupM Nexus. The government’s Open Network for Digital Commerce (ONDC) will also give a fillip to ad spending on ecommerce platforms, which is forecast to have crossed $1 billion, she said. “I think that’s a fair estimate,” Bukowski said.

Economic Times Startup Awards. Union minister for commerce and industry Piyush Goyal and minister of state for electronics and IT Rajeev Chandrasekhar will be the guests of honour at the high-octane event. An elite panel will discuss the best ways to build sustainable businesses for the future. The topic of the debate: New order for Startup Inc: Decoding the Playbook for Sustainable Businesses.

Sale 2023 is here to empower your tech journey like never before. This highly anticipated event promises an array of exclusive discounts on a wide range of computer peripherals and storage devices, making it the perfect opportunity to supercharge your computing experience. In today's digital age, computer accessories are the unsung heroes that enable us to unleash the full potential of our devices.

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. 

In light of recent data showcasing a remarkable surge in US nonfarm payrolls, the cryptocurrency realm, particularly Bitcoin (BTC), seems to be set on a trajectory of its own. 

Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).

India's central bank Friday flagged the need for greater scrutiny of the financial sector's rising unsecured loan exposure, warning both high-street lenders and non-banking finance companies (NBFCs) to strengthen their risk management systems in what is seen as a precursor to tightening capital requirements for such advances. In his statement accompanying the monetary policy review, central bank Governor Shaktikanta Das said that though banks and NBFCs continue to be resilient, certain components of loans are recording very high growth. «We have to be mindful of what can, going forward, pose a challenge and become a future risk. In certain segments of retail credit, we saw high growth,» Das said after the monetary policy review meeting in Mumbai.

₹4,966.80 crore in the retail unit of Reliance Industries Ltd, following a 1.18% stake purchase in the company in October 2020. The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India’s top four most valuable companies. The investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully diluted basis, the company said in a statement late on Friday.

SoftBank on Friday offloaded a 2.5% stake in Policybazaar's parent firm PB Fintech through open market transactions for Rs 871 crore. SoftBank through its affiliates — SVF India Holdings (Cayman) Ltd and SVF Python II (Cayman) Ltd — sold the shares of the company.

By Belén Carreño

Good morning,

In contrast to the regular methods of demat account opening, which included the Demat Debit, and Pledge Instruction (DDPI) to be physically signed and stamped (franked), amounting to extensive paperwork, Sharekhan's pioneering approach eliminates the need for physical stamp paper procurement and signing.As of now, customers either physically sign the DDPI document, with the broker arranging for stamp paper and affixing it, or opt for a partially digital process, wherein customers digitally sign a scanned copy of the DDPI document, while the broker continued to handle stamp paper procurement and storage of print-outs. With NeSL on-board, the backend process is digitised and it will also act as the repository where the DDPI information will be stored.Sharekhan’s digital initiative aligns with environmental sustainability goals and is in-line with Government of India’s ‘Digital India’ programme.Jaideep Arora, CEO, Sharekhan by BNP Paribas said, “We are very excited to lead the way in creating an unparalleled experience for our customers.

festive offer on its ZS EV. The electric car now starts at Rs 22.28 lakh for the Excite variant, Rs 24.99 lakh for the Exclusive Variant, and Rs 25.89 lakh for the exclusive pro model.

Fast-moving consumer goods (FMCG) majors such as Marico Ltd., Godrej Consumer Products, and Dabur India Ltd. released their quarterly business updates, providing insights into demand trends. While signs of demand improvement were evident, companies highlighted challenges such as rising food prices and uneven distribution of rainfall, which hampered rural demand recovery.

LAM Research, a global provider of semiconductor equipment and services, has shown interest in setting up a new lab in Karnataka. LeoLabs, an operator in the satellite operations space, also intends to set up a centre of excellence (CoE) for research in space technology in Karnataka, while Tsecond, a growth-stage portfolio company backed by Boeing and Solar Industries India, has shown interest in setting up an R&D centre in Bengaluru.

Tata Consultancy Services said on Friday that the board of directors will consider a buyback of equity shares during the meeting on October 11. The quantum of buyback was not disclosed. The company has a board meeting on October 11 to consider the second quarter results for the ongoing fiscal.