Digital Financial News

GST Intelligence (DGGI) has sent out a dozen pre-show cause notices to online real money gaming (RMG) companies over goods and services tax dues of about Rs 55,000 crore, said people with knowledge of the matter. These include a GST notice of about Rs 25,000 crore to fantasy platform Dream 11, possibly the largest indirect tax notice ever served in the country, they said. With more notices expected in the coming weeks, the total GST demand raised by the DGGI from RMG companies across the country might touch Rs 1 lakh crore, said industry executives.

The Economic Times Startup Awards 2023. More than a decade ago, when Seema Prem returned to India armed with a degree from MIT and driven by the vision to offer financial services to the unbanked, little did she imagine the challenges that awaited her and Fia Global, the outfit she floated to realise her vision.

The most coveted recognition for the country’s entrepreneurial talent, ETSA will host top policymakers, entrepreneurs, company executives and investors in an invite-only gathering of 350 guests.

The government has given big technology companies such as Meta and Google an opportunity to come back with a proposal on how to implement the age-gating provision for children under the Digital Personal Data Protection (DPDP) Act, 2023, minister of state for IT Rajeev Chandrasekhar told ET.Chandrasekhar held an industry consultation with large companies and policy experts last Wednesday and asked companies to engage with the government on what

Digital India (DIA) Bill is ready, and will be released for consultation soon, a top official told ET. The Bill, which will replace the 23-year-old IT Act, is likely to be tabled in the Parliament during the later part of the winter session, the official said. “The draft of the Digital India Bill is almost ready; it will be released soon,” said the official. Once the industry and stakeholder consultations are completed, the final draft of the Bill will be tabled in the Parliament.

In today's rapidly evolving cryptocurrency landscape, Bitcoin (BTC), the pioneer of the digital currency realm, finds its position and value influenced by emerging blockchain platforms and their associated tokens. 

Getty Images is launching an image generator powered by artificial intelligence and using its trove of stock photos, the company said Monday. With one of the world's most extensive photo archives, Getty is positioning itself as a competitor to the giants of generative AI, such as Dall-E creator OpenAI or Google, with its Imagen program, but also start-ups Midjourney or Stable Diffusion.

refrigerator to suit every household. This article serves as a comprehensive guide to the best Samsung refrigerators available in September 2023. We understand that selecting the right refrigerator can be a daunting task, given the myriad options on the market.

Edited excerpts: What are the emerging areas you see in cybersecurity today? The top three evolving areas in cybersecurity according to me are—the use of AI, increasing regulations, and continuous monitoring. Generative AI is clearly big and has the potential to revolutionize many aspects of our lives. However, it also poses some security risks, such as data security, model security, bias and privacy.

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WAG-12B locomotives are amongst the most powerful freight engines globally and are pivotal in transforming the landscape of freight transportation within the nation. It is designed to enable faster and safer movement of freight trains. With a power output of 12,000 HP, it possesses the capability to pull loads exceeding 6,000 tons at top speed of 120 km/h.

Apple supplier Pegatron will halt assembly of iPhones for a second day on Tuesday at its south India facility after a fire over the weekend, three sources familiar with the matter told Reuters. Pegatron told Reuters in a statement that «there was a spark incident» at the facility that is currently under control, and the incident «does not have significant financial or operational impact» for the company.

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».

Spotify Technology is testing an AI-powered feature that will translate podcasts from the likes of Dax Shepard and Lex Fridman to other languages, the audio-streaming company said on Monday. The feature marks the latest attempt by the Swedish company to capitalize on generative artificial intelligence, the technology that has taken the world by storm after the rise of ChatGPT, to tap new users and boost revenue.

OpenAI is rolling out a feature for its ChatGPT app that lets the chatbot respond to spoken questions and commands with speech of its own. Starting over the next two weeks, users will be able to choose a voice in the chatbot app, picking from five personas with names like “Juniper,” “Breeze” and “Ember.” ChatGPT will then produce audio of the text it generates in that voice — for example, reading an AI-generated bedtime story out loud. The feature will be available to people who subscribe to OpenAI’s $20-per-month ChatGPT Plus service and enterprise users.

1) Arabian Petroleum The initial public offer of Arabian Petroleum is completely a fresh issue of Rs 20.24 crore. The IPO is priced at Rs 70 apiece. About 50% of the offer is reserved for retail investors and the rest 50% is set aside for other investors. The company is in the business of manufacturing a wide range of lubricants including specialty oils, coolants, etc., used for application in automobiles and industrial machines and appliances. Net proceeds from the issue will be used for working capital requirements, general corporate purposes, and issue expenses. Hem Securities is the lead manager for the IPO, while Purva Sharegistry India is the registrar.2) Newjaisa Technologies Newjaisa Technologies' Rs 40 crore SME IPO is an entirely fresh issue of 84.96 lakh shares.

Apple products which could allow an attacker to execute arbitrary code, escalation of privileges or bypass security restrictions on the targeted system. «These vulnerabilities exist in Apple products due to certificate validation issue in the Security component, an issue in the Kernel, and an error in the Webkit component. An attacker could exploit these vulnerabilities by sending specially crafted requests,» CERT-In said in its statement on Friday.

Hamdard Laboratories announced that it has assigned integrated media and social duties to mSix&Partners, an outcome-based agency of GroupM. The agency won the account following a competitive multi-agency pitch and will be handling all aspects of media including TV, print, radio, digital, out-of-home, and cinema from its Gurgaon office.

Pomerdoge(POMD): A Promising Presale Gem Compared to either Polygon or Arbitrum, Pomerddoge is a newcomer but appears to have more growth potential. As a promising gem in the presale space, it has immense room for growth, which is one of its key appeals. Consequently, experts predict a 50x rally post-launch from its current price of $0.0165 in light of its robust ecosystem and utility.

Artificial Intelligence (AI), including generative AI, and machine learning will be the most important technologies for businesses to fulfill their short-term ambitions, according to a report by KPMG. More than half (57%) of the 2,100 technology executives surveyed for the Global Tech Report 2023 said these emerging technologies would help achieve their business objectives over the next three years.

Microsoft's attempt to buy video game firm Activision Blizzard, the maker of «Call of Duty», paving the way for the US tech titan to close one of the biggest technology acquisitions ever. Microsoft launched its blockbuster $69-billion takeover in January last year, an acquisition that would make it the world's third-largest gaming company by revenue, but it faced stiff scrutiny from US regulators and the UK's Competition and Markets Authority.