Digital Financial News

TikTok, the hugely popular video-sharing app that some in both parties allege is a potential spy mechanism for China. But entrepreneur Vivek Ramaswamy recently became the first 2024 candidate to join the platform, which says it has over 150 million U.S. users. That's even as he's accused Beijing of pushing TikTok as "digital fentanyl" to Americans and wants the app banned entirely.

«What does that mean is that market has definitely taken a pause after four days of sharp sell-off and it can bounce back. It can bounce back till 19800, till 45000 to 45200 on Bank Nifty and 19800 on Nifty,» says Jay Thakkar, Sharekhan.What is happening on Nifty, Bank Nifty?The overall trend has definitely reversed from up to down as far as the Nifty or maybe the Bank Nifty and the Nifty financial services is concerned. I mean, the recent four days of fall, which we had seen, I mean, all of these indices have completely changed the trend. And with that, yesterday, we again saw almost a flat close on Nifty. I mean, that was a doji formation. And Nifty Bank and Fin Nifty, in fact, closed in positive territory.

Bitcoin's price is slightly up at just above $26,200, while the overall crypto market has risen by 0.70% to a valuation of $1.05 trillion. 

₹1,17,677 (ex-showroom). As per the company, the all new Pulsar N150 will offer a similar fuel efficiency of around 45-50 kmpl, just like the earlier Pulsar 150. In terms of the looks, the bike gets a borrowed design from the Pulsar N160, featuring a sharp LED projector headlamp, which can be considered as an evolved iteration of the popular Pulsar headlamps.

gold in some form or the other. Traditionally, Indians have bought gold as a way of saving for a rainy day or their important financial goals. Therefore, buying gold is seen as a financial support system. At present, there are two routes to buy gold — paper and physical. Within each, there are various ways to buy the yellow metal. Here is a look at six ways you can buy and invest in gold.

«I think big picture wise, my whole hypothesis is that if you look at the whole base of financial savings, it is in the order of magnitude about Rs 250-300 lakh crores and bulk of it has gotten created in the last 25 years,» says Ashish Kehair, MD & CEO, Nuvama Wealth.So for any entrepreneur, for any professional, the minute you get listed, it is a big day. But I always tell people who come on the show that then you have to be prepared for more media interviews, more scrutiny and more questions by television anchors. Is it really worth it? Think about it? Absolutely.

Safir Anand, Strategist & Investor, says “the theme of pumps played very well for me and some of my holdings in that sector did very well. So whenever I find an opportunity or another company in the sector, I look at the industry statistics and if this segment is doing well, then I look at an opportunity to buy. So pumps, cables and wires, PSU banks more than private banks have been my focus.”The market is keeping everyone excited. Those who have been bullish from the last couple of months and those who have participated, have really hit a jackpot. Should one still stay bullish or is it time now to exercise some caution?No, see you should always exercise caution when the market runs up because there may be certain scripts in your portfolio which may go out of sync in terms of valuation given their growth, there may be exuberance in some pockets but at the same time, I am at least a believer that you should always remain invested because it has paid for decades, the only question is of what shuffle would you like to do in your portfolio in order to ensure that the volatility if the market was to correct is sort of adjusted for in your portfolio.

Prime Minister Narendra Modi on Tuesday hailed the digital transformation and said that Aadhaar cards, digital lockers and eKYC have eliminated the complexity of documentation. While addressing the ‘Rozgar Mela’ via a video conference, PM Modi said, “In the last nine years, you have witnessed how technological transformation can ease governance." Modi noted that earlier, people used to stand in queues at the booking counters of railway stations. “Technology has overcome this problem.

The Institute of Cost Accountants of India (ICMAI) has announced the results of Intermediate & Final Result for June 2023 Term Examinations today on its official website — icmai.in. «Intermediate & Final Result for June 2023 Term is now available at the following link,» the institute said in a tweet, along with a link. As per ICMAI, result of June 2023 term of Intermediate and Final Examination will also be available in Digilocker soon. How to check results: Go to ICMAI's website Click the Results link — https://eicmai.in/InterFinalResult-J23_3hnnd45u7/index.htm Click the highlighted link: 'Check your result online' Add your registration number and click display result Note that the registration number should be entered in 11 digit format e.g.

Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday, in what researchers say is the largest crypto theft so far this year. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was «attacked by hackers, resulting in the loss of some assets» and that «the funds involved are approximately US$200 million». Mixin describes itself as a network for transferring digital assets. It has one million users, according to its website. It said on X, formerly known as Twitter, that it had stopped allowing users to withdraw their funds from the network, but that transfers were not affected and that services will re-open once the vulnerabilities are fixed.

Aadhaar authentication requirements, saying it was without any evidence or basis. “The report in question does not cite either primary or secondary data or research in support of the opinions presented in it,” the government said in a statement.

Dhiraj Relli, MD & CEO, HDFC Securities, says “we are getting almost 2.5 to 3 million new demat account holders every month, so we have a complete digital journey in place. A customer can open an account in less than five-six minutes.”With new apps coming, are broking fees going to go down further?The pricing in the broking industry is already at rock bottom. From here, with the compliance and other costs increasing, we believe that the pricing will go up only.

Thomson Reuters accusing Ross Intelligence of unlawfully copying content from its legal research platform Westlaw to train a competing artificial intelligence-based platform, a Delaware federal judge said on Monday. The decision by US Circuit Judge Stephanos Bibas sets the stage for what could be one of the first trials related to the unauthorised use of data to train AI systems. Tech companies including Meta Platforms, Stability AI and Microsoft-backed OpenAI are also facing lawsuits from authors, visual artists and other copyright owners over the use of their work to train the companies' generative AI software.

Mahantesh Sabarad, Independent Market Expert, says the first reaction to that subsidy scheme on home loans is “let us wait and watch what the scheme details are before we jump into the NBFC bandwagon but the banking sector definitely will benefit, typically the PSU banks having the largest reach when it comes to home loans would typically gain.”What is your view on the real estate sector? It has been reported that the Indian government is considering spending Rs 600 billion ($7.2 billion) to provide subsidised loans for small urban housing over the next five years. Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. How big a fillip could this be?A great kicker could come for the real estate sector if that scheme becomes a reality soon. I guess that typically the real estate market always relies on a lot of incentive-based kind of selling and if we are going to have a government incentive or a subsidy coming in on the interest side, it should give a great deal of fillip to the real estate sector and that is positive news.

Kunj Bansal of Investment-illiteracy.com, says “I do not think for the IT sector as a whole, there is going to be any surprise neither on the positive side nor on the negative side. So with this recent participation having come in and with the market having moved up sharply and trying to move in a consolidation kind of movement, we should see the same happening to the IT sector as well.”What do you make of the wobbly moves that we have seen on the markets of late? Do you think it is a bit of a shakeout which was necessary or is it a bit of reversal of sorts?One can never take a call on the short-term movement of the market. But yes, after the sharp rally that we saw in the first fortnight of September and almost 10-12 trading sessions, the market was moving one way up. There had to be some correction if we talk whether in terms of technical terms, whether in terms of short-term correction or whichever way. That is what we have seen. If we look at the numbers on the peak in Nifty, we reached 20,200 almost. And right now we are at 19,700. So that is a 500 points correction in percentage terms. It's hardly 2.5% correction.

Abcoffee has secured $2 million in a seed funding round led by venture capital firm Tanglin Venture Partners. The round also witnessed participation by 100x.vc, Panthera Peak and OTP Venture Partners, in addition to several other angel investors. The Mumbai-based company said it aims to deploy the funds raised to enhance its tech stack, expand its product range, and increase accessibility to its affordable speciality coffee through its retail ‘grab-and-go’ outlets.

“We expect such rich valuations can result in increased equity volatility and we would stay cautious till the risk-reward becomes favourable,” says Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life. In an interview with ETMarkets, Tandon said: “We believe one should keep some cash margin in their short-term portfolio and can take some money off the table especially from expensive stocks which have rallied ahead of their fundamentals” Edited excerpts:What a week for Indian markets – 20,000 and counting – what next?This year despite global markets having a challenging outlook, the Nifty50 has reported an impressive return of +15% along with broader markets also performing. The outperformance of the Indian equity markets was driven by favourable macro and micro factors along with continuous inflows by FIIs and strong retail participation.

Sandip Sabharwal, asksandipsabharwal.com, says “there will be better opportunities a few weeks down the line because we have seen some of the railway stocks actually sell off over the last couple of weeks. We will see that happening in defence also as there is too much retail participation in these stocks. That will be the time to buy.”Is it that phase of the market now where you need to really just take a long break and say I will come back because there is nothing to do? Markets are not that expensive that you want to sell and markets are not that cheap that you want to buy.Yes, so if you are fully invested, you can still look at possibly getting some cash out of stocks which have very high valuations. Ex of that, I would agree that there is no case for selling out any big time because there will be a correction, but then the correction will not be a 12-15% Nifty correction. It might be just taking out 30% to 50% of the current move which implies a 6% to maybe 8-9% kind of correction.

King of Kotha', headlined by Dulquer Salmaan, will have its digital premiere on Disney+ Hotstar. The streaming platform shared the announcement on its official X page.

Walmart and Alphabet's Google to ask employees in Bengaluru to work from home on Tuesday. Farmers and activists have called for a strike in Bengaluru, dubbed India's Silicon Valley, demanding state authorities to refrain from releasing more water from the Cauvery river to the neighbouring state of Tamil Nadu.

Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday. The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable. «A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world.