Digital Financial News

Armitage Associates-backed IT services group Tecala will pay about $10 million to purchase automation consulting services company rapidMATION.

Global banking regulation has bolstered the case for bigger is better when it comes to financial services in the current age. But the bigger banks grow, the harder it is to innovate the types of solutions that deliver step-changes for customers.

Narendra Modi underscored the growing significance of technology in creating new avenues of employment, checking corruption, promoting ease of living, improving credibility and decreasing complexities. He stated that there is record investment in the country today and sectors from renewable energy and organic farming to defence and tourism have seen a spurt in job creation. Modi distributed virtually employment letters to 51,000 people at a Rozgar Mela on Tuesday.

Rohini Nilekani Philanthropies, said here on Tuesday. “You cannot have societies where wealth is only used to benefit the wealthy. Otherwise, why would societies want to create that wealth?” she said, adding that Indian philanthropists must challenge old ideas and innovate.

₹1.5 trillion ($18 billion) cumulatively to companies in the online gaming sector for alleged underpayment of taxes over several years, three people aware of the matter said. Projections of such taxation notices come a day after Mumbai-based Sporta Technologies, which runs the popular fantasy gaming platform Dream11, filed a writ petition in the Bombay High Court appealing retrospective show-cause notices by the DGGI for FY18 and FY19.

In this article

Mumbai: Sometime in 2008, a team from financier Bajaj Finserv was at a consumer durables store when a family of four walked in. They wanted to buy a 32-inch television on loan but were told it would take at least three days. The Bajaj team wondered why the loan could not be processed the same day so that the family could take the TV home by evening.

Edited excerpts: ­What challenges do CIO and CTOs face when it comes to storage and data management? How will NetApp resolve issues of technology leaders in their digital transformation journey? CIOs and CTOs have been impacted by increasing cloud complexity, that potentially leads to poor IT performance, loss in revenues, and are barriers to business growth. This is where NetApp steps in to create harmonization across the cloud, help enterprises automate data, and build resilience across the cloud. We have partnered with hyperscalers such as Amazon, Microsoft, and Google to increase the speed of innovation, lower costs and improve consistency, flexibility and agility across on-premises and cloud environments—thereby helping them in digitization journey.

Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets.

NEW DELHI : The goals that India has set for itself as it aspires to become a “great power" will make it “different" from the powers that preceded it, external affairs minister S Jaishankar told the United Nations in an address on Tuesday. “The days when a few nations set the agenda and expected others to fall in line are over as the United Nations itself symbolizes," declared Jaishankar, while delivering India’s national statement at the UN General Assembly. During his remarks, Jaishankar positioned India as a power determined to act in the interest of globally under-represented nations.

The digital bank's customers will not be able to make crypto transactions using their debit cards or via outgoing bank transfers starting mid-October. "Customers will receive a declined transaction notification if they do attempt to make a crypto-related transaction," a spokesperson for the firm confirmed on Tuesday.

State Bank of India (SBI) has rolled out a digital platform allowing NRIs to effortlessly open NRE (Non-Residential External) and NRO (Non-Resident Ordinary) accounts, encompassing both savings and current accounts, through its mobile application, YONO. This new service primarily caters to NTB or 'new to bank' customers, offering them a streamlined and efficient process for initiating their accounts with SBI. The introduction of this digital facility marks a pivotal moment, fulfilling a longstanding demand from NRI clientele who sought a hassle-free method for initiating and managing their accounts within India, the bank said in a statement. An NRE account stands as a bank account established in India under the name of an NRI, primarily utilized to house foreign earnings. In contrast, an NRO account is opened in the name of an NRI within India to manage income generated from various sources such as rent, dividends, pensions, interests, and more. Leveraging advanced technology, the bank has devised a seamless and digitized account opening process that emphasizes efficiency and precision, effectively making it a comprehensive solution for all NRI banking requisites.

European Union antitrust regulators' investigation into Photoshop maker Adobe's $20 billion bid for cloud-based designer platform Figma has been put on hold while they wait for requested information from the companies. The European Commission said it stopped the clock effective Sept. 19 and will set a new deadline once the companies provide the data.

antitrust lawsuit against Amazon.com on Tuesday, charging the online retailer with harming consumers with higher prices in the latest U.S. government legal action aimed at breaking Big Tech's dominance of the internet. The lawsuit had been expected after years of complaints that Amazon.com and other tech giants abused their dominance of search, social media and online retailing to become gate keepers on the most lucrative aspects of the internet.

Meg 2: The Trench," can mark their calendars as the movie is set to hit streaming screens sooner than anticipated. The film, which received mixed reviews from critics and moviegoers alike, will begin to be available on the Max streaming service this month. «Meg 2: The Trench» became available for online purchase on August 25—three weeks after it debuted in theaters on August 4. For those who prefer physical copies, the movie will be available for purchase starting on Tuesday, October 24 on Blu-ray, DVD, and 4K Ultra HD formats. Max streaming service, in a recent announcement on X (formerly known as Twitter), revealed that «Meg 2: The Trench» will be ready for streaming on Friday, September 29.

Bank of America has reinstated coverage of auto tech company Visteon Corp (NASDAQ:VC) with a Buy rating and set a 12-month price target for the stock at $180.00.

software update from Apple for its iPhone 12 and are reviewing it as a fix for a radiation issue, a source at the French digital ministry told Reuters on Tuesday. Apple pledged to update the software to defuse a row over radiation levels from iPhone 12 handsets, after France suspended sales of the phones earlier this month following tests it said found breaches of radiation exposure limits.

Dhruvil Sanghvi has made it his mission to ensure that the company operates with the highest ethical standards and even publicly admitted that he made mistakes by being flexible on those areas in his early years of leadership. Under his guidance, LogiNext has not only achieved remarkable growth but has also placed a strong emphasis on safeguarding customer data and progress. In today's digital age, data is the lifeblood of businesses, and protecting it is not just a legal requirement but a moral obligation.

Live Mint, Ramachandran points towards the country's "conducive environment" to attract global investments, the economic prospects vis-à-vis China and other Asia Pacific (APAC) nations, how India can leverage from advancements in artificial intelligence and whether its net-zero goals are aligned with the growth vision. Edited excerpts from the interview.

Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. “Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries, Infosys said in a statement to the stock exchanges.

Edward Jones has a new advisor utilizing its technology capabilities and home office support in Albuquerque, New Mexico.