Digital Financial News

In 2021, a piece of digital art sold at auction for $69 million. The iconic sale ‘Everydays: The First 5000 Days’ from Beeple was the first time most of the world took any notice of NFTs.

«The Brady Bunch» star Christopher Knight reflected on how he and his former co-stars transformed the shows iconic house into «our home» when they reunited for «A Very Brady Renovation.»

Arnav Pandya, Founder, Moneyeduschool, says “in a stock SIP, if you want to get that same kind of benefit as a mutual fund SIP, you will first of all need to have multiple stock SIPs to get a diversified portfolio. Second is that you need to do that effort every month. You have a facility wherein your brokerage house itself gives you some facility to do an SIP but still you need to be very careful in terms of how you are going about it. So, in terms of risk, there is a big difference.”Everybody who is not directly investing in the stock markets finds the SIP way quite convenient. Firstly, what is your take on the mutual fund SIP as well as stock SIP route and how should one go about it? In terms of the returns, what should be the expectation and which one is a safer bet?If you look at the basic term of systematic investing, the whole concept is that you put in an amount which is similar on a regular basis with the end result that over a period of time due to variations in the equity prices, you will get an average cost. Now, as far as mutual funds are concerned, we are very familiar with the entire SIP process where every month, for example, you put in a specific amount and then you get units against this. But the main important factor when you do an SIP in a mutual fund is that you are getting exposure to a complete portfolio by investing in the units, so that is point number one.

Shweta Jain, Founder, Investography, says “there are two things to remember when you are inquiring. There is a soft inquiry that you yourself are doing. So, when you are checking on whether it is the CIBIL website or a GPAY website, for example, that also lets you check your CIBIL score or a site like a BankBazaar. You can check on your own by putting some basic information, that is called a soft inquiry because you are not really applying for a loan or anything versus if you are applying for a credit card or a loan, they will check your credit score which means that is a hard inquiry.”What is credit score? What is the likely range of a credit score, which credit score is considered to be the best one? Also, how can we build a good credit score?So, a credit score is a three-digit number between 300 and 900 that tells institutions how credit-worthy you are. The lower your number is, the worse off the credit score is and the higher it is, the better it is. It is basically a number that is issued by an institute like, say CIBIL, which gathers information about you. All the banking, financial history, transactions that you are doing, this information is collated and a number is assigned to you and that is a number between 300 and 900.

Bitcoin (BTC) was unable to maintain its upward rally from the previous week and remained below the $27,000 mark on Monday. 

refrigerator for your home, the choices can be overwhelming. That's where this article comes in. We aim to delve deep into the world of Bosch fridges, exploring their diverse range and highlighting the features that set them apart.

Sriram Krishnan, Chief Business Development Officer, NSE, says “we have taken a bit of time to have these discussions because we wanted to cover all types of stakeholders, not just the domestic ones, but even the foreign portfolio investors. After a lot of discussions they have come up with this suggestion that we should not touch the cash equity segment, but it would be the right thing to do if we were to extend the trading hours for the equity derivative segment. So, for a start, we are looking at a session from 6 pm to 9 pm India time where we will offer index options and futures.”What is the National Stock Exchange plans for extending trading hours for equity derivatives? We submitted a proposal a couple of weeks back, I do not remember the exact date but very much in this month.

Dunzo may only be able to secure $30-40 million in new funding, and that, too, with strings attached. The funding will come with onerous terms in favour of existing investors on liquidity preference, people aware of the matter said. A board meeting is expected to be held at the end of the week to approve the funding. To secure this much needed cash, Dunzo has also proposed to reduce its burn to $300,000 a month with a smaller team of just around 200, sources aware of the plans said. Until September, the cash-strapped company had a monthly burn rate of about $600,000. At the start of the year, Dunzo had more than 1,000 employees but has since undertaken three rounds of layoffs.

ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are planning AI regulation, and Britain is hosting a global AI safety summit in November, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported.

Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the country, President Joko Widodo said, a move intended to quell threats to offline markets in Southeast Asia's biggest economy. Ministers have repeatedly said that ecommerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.

₹625 crore. This fund will also be allocated to cybersecurity projects and be used by the cyber security response team: the Indian Computer Emergency Response Team (CERT-In). The sum allocated signals India's commitment to building a robust cybersecurity infrastructure.

₹7,000. Currently available at an introductory starting price of ₹1,72,900 (ex-showroom), the bike will see a price hike to ₹1,79,900 (ex-showroom) and the current booking window for the bike will remain open until midnight on September 30. Customers have the option to book the motorcycle through authorized Hero MotoCorp dealerships nationwide or via the company's official website.

Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon's employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. The San Francisco-based startup also committed to rely primarily on Amazon's cloud services, including training its future AI models on large quantities of proprietary chips it would buy from the online retailing and computing giant.

Visitors to China can now buy digital yuan tokens with overseas cards via the central bank’s official CBDC mobile app.

Here’s a company to put on your watchlist as the AirTrunk initial public offering kicks off.

Himanshu Chakrawarti, CEO, Snapdeal. The growth in online shopping would be primarily driven by middle-class individuals who prioritise affordability in their purchasing decisions, he says. In an interaction with ET Digital, Chakrawarti talks about how Snapdeal is supporting micro, small, and medium enterprises (MSMEs) in India by acting as a bridge between MSME sellers and value-conscious consumers, enabling small businesses to reach a larger customer base and expand their businesses.

Following an 8% drop last week, shares of HDFC Bank may attract buy-the-dip brigade but a sustained rally looks limited, says Anand James, Chief Market Strategist at Geojit Financial Services. “Last week’s fall has eclipsed previous three weeks’ rise, highlighting the bearish undercurrents that is potentially signalling a prolonged bear phase that may not relent until Rs 1322 is seen. Alternatively, expect this view will be challenged if up moves unsettle Rs 1544-1555 region,” he says. Edited excerpts:Led by the downside in bank stocks, Nifty ended the week around 2% lower. Do you see some green signs in Friday's buying? How tough is it for bulls to hold on to the 20,000 mark?With Friday extending the week’s losses, we are within touching distance of the 19550 objective set at the start of last week. The proximity of the 50-day SMA at 19626 lends credence to the prospects of a pause to the week-long downtrend, or potentially a reversal move that could aim for 19956-80 as the initial objective. Alternatively, inability to float above 19600 or reclaim the 20030 mark on the bounce could signal resumption of downtrend aiming at 18600. The prospects of the same are low, but a possibility nevertheless.

G20 nations under India's presidency should spur the government to give a big push to the MSME sector by simplifying the regulatory process and enhancing their access to affordable capital, say experts. The commitments made in the G20's New Delhi declaration with regard to the MSMEs ought to be followed by the member nations as the sector has the potential to generate employment and promote sustained growth. The New Delhi Declaration adopted early this month said the G20 recognise that startups and Micro, Small and Medium Enterprises (MSMEs) are natural engines of growth.

volatility in the near-term after JPMorgan announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock, expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold of 10% is achieved on the GBI-EM index. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. The volatility would become «more profound and visible» if foreign ownership were to go into double digits, Seth said, adding that he expected foreign ownership of Indian government bonds to rise to 3.0%-3.5% post-inclusion. «I don't think that's significant enough to move the markets around,» he said. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. Foreign investors own less than 2% of outstanding government debt. Separately, Seth believes there will be a shift in asset allocations as markets head into 2024, which he sees becoming a «very attractive year», especially for U.S.

salary slips from the first to last month of work, home loan papers, drawings of the floor plan of a house we had sold long ago, our sports and debate certificates, mother’s tailoring design cuttings, and many such things. One of the files had clippings of my column, dated with a pen, and pasted on a sheet of paper, punched and filed. We took an entire week to go through it all. It was an emotional upheaval of tears, laughter, teasing and recall of memories.

SCL) in Mohali is underway and a committee has been formed to assess the bidders, a senior government official told ET. On September 22, the ministry of electronics & information technology (MeitY) issued an expression of interest (EoI) seeking commercial and technology players with necessary technological and operational expertise to modernise SCL.