Digital Financial News

DXC Technology has announced partnership with technology nonprofit organization Muskaan Dreams. The company said that the collaboration is set to revolutionize public school classrooms. «Through this partnerships, we will try to ensure that no one is left behind.

MNP) rules as it looks to include safeguards against SIM-swap frauds, it said in a circular Wednesday. The Telecom Regulatory of India (Trai) has sought stakeholder comments on the Draft Telecommunication Mobile Number Portability (Ninth Amendment) Regulations, 2023, by October 25. In addition to the existing cautionary measures the telcos are required to take while porting a number from one network to another, they will now need to check if the request is coming from a number that has undergone SIM swap or replacement in the 10 days prior to the request.

OpenAI says ChatGPT can now browse the internet to provide users with current information and that browsing is no longer limited to data before September 2021. «Browsing is available to Plus and Enterprise users today, and we'll expand to all users soon. To enable, choose Browse with Bing in the selector under GPT-4,» the company said in a post on X, formerly known as Twitter.

Awaken the nation, initiate a movement," he said, noting that for 15 years he has been connecting to the country and the world through a YouTube channel. Addressing the nearly 5,000 content and aspiring content creators, he said their product impacts people and they have an opportunity to make it even more effective. «Together, we can easily teach and make crores of people understand important matters.

OpenAI has rocketed to between $80 billion and $90 billion in talks with potential investors, the Wall Street Journal reported on Tuesday. The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year ago, according to the report in the financial daily citing unnamed people familiar with the discussions.

Futurama concluded its 11th season on Hulu recently, sparking curiosity about the show's potential return for a 12th season. Here's what we know so far. After experiencing two cancellations, first by Fox in 2003 and then by Comedy Central in 2013, Futurama resurfaced in 2023 on Hulu. Season 11, comprising 10 episodes, aired starting from July 24. This season revolved around significant events of the past decade, presented humorously and satirically, touching on the pandemic and the rise and fall of an online conglomerate. The big question is whether characters like Fry, Leela, Bender, Hermes, Professor Farnsworth, Zoidberg and Amy will continue their adventures after the season 11 finale, titled «All The Way Down.»

By Marc Jones

Microsoft product chief Panos Panay will lead Amazon.com's unit responsible for the firm's Alexa and Echo products, the e-commerce giant said on Wednesday. Panay, who was with Microsoft for over 19 years and most recently lead the Windows + Devices division, will take up the new role in October.

In the cyclical rhythm of technological innovation, bear markets often appear as challenging interludes. Yet, for those well-versed in the evolutionary journey of the internet, they are not to be feared. Instead, they present a profound opportunity for introspection, refinement and robust growth. The introduction and proliferation of Web3 technology is a testament to this journey, promising to usher in an era of decentralization, self-sovereignty and true digital ownership. But what makes Web3 so resilient amidst the bear market’s testing times?

Indium Software on Wednesday said it has appointed Jagannath Bharadwaj as its Chief Operating Officer (COO). “I look forward to building upon the strong foundation of deep expertise and spirit of innovation, and deliver outsized value to clients, associates, partners and other stakeholders” Bharadwaj said in a statement.

Digital record keeper Vestwell continues to grow as program administrator for state retirement plans.

Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter told Reuters. The lapse at key Apple supplier Pegatron's only factory in India, located in the southern state of Tamil Nadu, cost two straight days of lost production.

Doceree, which operates a network of physician-only platforms for programmatic messaging, on Wednesday said it has raised $35 million in a Series B funding round led by Creaegis, Existing investors Eight Roads Ventures and F-Prime Capital also participated in the round, as per a statement. The funds will enable Doceree to accelerate product development, augment technologies, scale global expansion and expand the team, it added.

₹47.03 crore from the share sale that will close on October 3. Canarys Automations is an IT solutions provider in the digitalization, modernization, Automation, and intelligence space. The company has two business verticals: Technology solutions and Water Resource Management Solution.

Considering remote working from overseas? Join the growing segment of untethered persons: In the US alone, 17.3 million Americans, 11% of the workforce, now identify as digital nomads—traditional jobholders and independent workers—an increase of 2% from 2022, according to the August 2023 report from US workforce management company MBO Partners. Another 70 million are either planning to become digital nomads over the next two to three years or are considering it. 

Rana Gupta, MD, Manulife Investment Management, says over the last 10 years, a lot of reforms have happened basically by pivoting the economy from a higher deficit to a much higher savings economy, from more consumption incentives to more investment incentives. Even domestically, for the companies that were linked to those themes – a higher or average PE is all right. But if a company or sector is not linked to those tailwinds and is still trading at higher PE in this high interest rate environment, then a fair amount of caution will come in.” Interest rates are largely a function of how markets are valued and these have gone up quite significantly. So while we are very close to our 10-year averages when it comes to Indian market valuations, with the adjusted interest rate where the US 10-year bond yield is at 4.5% odd now,, how do you look at valuations? Should one look and adjust for those or are you believing that the larger valuation picture is looking decent? Interest rates are set by demand and supply of money and, of course, the central banks can influence and also set those interest rates. But broadly the question is whether with the global interest rates going up and Indian stock market trading above 10 years of the average valuation, we should reset the valuation benchmark in the light of higher global interest rates?

PoddL, a business management startup, has launched a platform for freelancers and creators in India to enable global work discovery and effortless cross-border payments. The mobile first chat-based platform has built-in tools for finding work across the globe, communicating, handling workflows and a simpler way to accept international payments.

The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has said that surface parkings will be free during the Prophet Muhammad’s Birthday Holiday, which will be on Friday, September 29, 2023, until 7:59 AM on Saturday, September 30, 2023. In addition, parking spaces at the Musaffah M-18 truck parking lot will also be free of charge during the official holiday. According to the this year's official holiday calendar, the the September 29 to October 1 would be the last long weekend in the UAE. The Abu Dhabi authority has urged drivers to avoid parking in prohibited areas. It also urged drivers to park properly in the designated areas and to avoid parking in residential parking spaces from 9:00 PM until 8:00 AM. The Integrated Transport Centre of Abu Dhabi has also announced timings of timings and operation of its Customer Centres. The authorities said that Customers' Happiness Centres across the Emirate of Abu Dhabi will be closed during the holiday, on Friday, September 29, 2023. Customers however can use ITC’s services on its digital platforms through its website www.itc.gov.ae, TAMM platform, the Darb and Darbi smart apps. In addition, customers may contact the unified Service Support Centre of the Department of Municipalities and Transport on its toll-free number 800850 and TransAD 600535353, which are available 24/7. Abu Dhabi's transport authorities said that public bus services in the Emirate of Abu Dhabi will operate based on the usual unified schedule throughout weekends and official holidays.

Indian Institute of Science (IISc) have developed a fully indigenous gallium nitride (GaN) power switch that has potential application in systems such as power converters for electric vehicles (EVs) and laptops, as well as in wireless communications. The entire process of building the switch—from material growth to device fabrication to packaging—took place inhouse, at the Centre for Nano Science and Engineering (CeNSE), IISc said in a press statement.

Black Money Act, 2015. As per The Times of India report, a Mumbai Income Tax Appellate Tribunal (ITAT) levied a penalty of Rs 10 lakh for each year where foreign shares and other assets were not reported in the 'Schedule FA' of the ITR on the individual. An individual is mandatorily required to fill schedule FA of the ITR if they had invested in foreign assets (such as foreign shares, foreign company mutual funds etc.) directly or have held employee stock options (ESOPs) of foreign companies. «Section 43 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 requires a resident individual to provide information of his foreign assets located outside India in the ITR. If he fails to do so the Assessing Officer may levy a straight penalty of Rs 10 lakh on such person.

technology sectors which they say are too vague and put the onus of compliance on investors. Aiming to protect national security and prevent US capital from aiding China's military, President Joe Biden issued an executive order last month restricting new US investments in sensitive Chinese technologies. The Treasury Department subsequently kicked off a rule-making process to implement the order, and financial firms have been rushing to meet a Sept. 28 to provide input. The rules are expected to be implemented sometime next year.