Digital Financial News

On Monday, the Army finalized a deal for more than 160 «cutting-edge mobile secure satellite terminals (MSSTs)» with the defense Public Sector Undertaking (PSU), Bharat Electronics (BEL). This contract is the latest in a series of similar agreements signed in recent months, the report claimed quoting sources in the Defence Ministry. Previous contracts encompassed over 150 man-portable Ku-band satellite terminals, approximately 400 S-band hand-held terminals, over 300 S-band manpack terminals, and more than 80 light vehicle-based Ku-band satellite communication terminals, among others. These secure portable terminals, developed by the Defense Research and Development Organization (DRDO) and BEL, are anticipated to be a significant force multiplier.

KCC (Kisan Credit Card) loans, said Union agriculture minister Narendra Singh Tomar during the launch of Kisan Rin Portal and Ghar Ghar KCC Abhiyan on Tuesday. The Centre will be re-launching KCC initiatives to provide loans upto Rs 3 lakh. The minister also stated that nearly Rs 1.41 lakh crore has been disbursed against premium of Rs 29,000 crore under PM Fasal Bima Yojana, reported ET Now. The event was attended by Union finance and corporate affairs minister, Nirmala Sitharaman as well.

Steve Albrecht is hoping Oyo will get there soon. In an exclusive interview with ET, Steve Albrecht, a non-executive independent director on Oyo's board said in terms of corporate governance, the company is at a 'very professional' level at this point and cost controls are better than ever.

Crypto startup Bastion has raised $25 million in a funding round led by venture giant Andreessen Horowitz’s crypto arm, a16z crypto.

YouTube suspended comedian and actor Russell Brand on Tuesday from making money from videos posted to the social media platform, three days after British news organizations published an investigation in which several women accused Brand of sexual assault. The channel is a potentially significant source of income for Brand, who was earning money through advertisements and paid promotions.

Reliance Jio, AirFiber, was launched on the ocassion of Ganesh Chaturthi on Tuesday. So far, the service will be active in eight cities. Jio AirFiber also offers subscription of popular OTTs like Netflix, Amazon, Hotstar, etc on selected plans.

A.R. Ramasubramaniam retired from job 20 years back and is currently living in a 500 sqft apartment in Pune. He has been keeping Income Tax Return papers and records, including documents related to his wife, mother and in-laws, for the last 40 years. As these documents are gathering dust and slowly falling apart in his tiny apartment, Ramasubramaniam shared with us his concern: “Am I to preserve all this forever?”

Hong Kong’s leader has said the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city

Google is introducing its artificially intelligent chatbot named Bard to other members of its digital family — including Gmail, Maps and YouTube — as it seeks to ward off competitive threats posed by similar technology run by Open AI and Microsoft

Germany racked up one economic success after another for most of this century

Parliament building reflects the aspirations of 140 crore Indians and it is time to accomplish the resolves and begin the new journey with renewed enthusiasm and energy, said Prime Minister Narendra Modi Tuesday. In his first speech in the Lok Sabha in the new Parliament building, PM Modi said the grandeur of the new Parliament building glorifies modern India and the sweat of engineers and workers is invested in it. The Prime Minister said it is the dawn of the Amrit Kaal as India is moving forward with a resolve for the future by heading into the new Parliament edifice. He touched upon India's recent achievements and mentioned the successes of Chandrayaan-3 in the science sector, and the G20 summit and its impact on the global level. He said that a unique opportunity presents itself to India and new Parliament building of the nation is becoming functional today. Referring to the auspicious occasion of Ganesh Chaturthi, the Prime Minister said that Lord Ganesh is the God of prosperity, auspiciousness, reason and knowledge.ALSO READ: PM Modi lists feats of 'Bharat' in science to economy; calls for the need to work on 'larger canvas' «It is time to accomplish the resolutions and begin the new journey with renewed enthusiasm and energy», the Prime Minister said. He said that during the freedom struggle, Lokmanya Tilak converted Ganesh Chaturthi into a medium of igniting the flame of Swaraj in the entire country. «Today we are moving with the same inspiration,» he said. PM Modi also mentioned that today is also Samvatsari Parva, a festival of forgiveness.

Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised USD 660 million in its initial public offering of stock, selling 22 million shares at USD 30 apiece. Its shares were set to begin trading on Tuesday on the Nasdaq stock exchange under the stock symbol «CART».

Sam Bankman-Fried on Tuesday are set to urge a US appeals court to free him from a Brooklyn jail as the former cryptocurrency billionaire races to prepare for his Oct. 3 trial on federal fraud changes. Bankman-Fried's lawyers and the Manhattan US Attorney's office each will be given five minutes to argue to a three-judge panel of the 2nd US Circuit Court of Appeals about whether the 31-year-old FTX cryptocurrency exchange founder should stay behind bars.

Amazon's once-storied hardware division — responsible for popular devices like the Kindle reader and Echo voice-assistant — say morale within the division has suffered amid staff cutbacks and a pipeline of devices in development that they fear are unlikely to prove hits. The division, known as Lab126, was a focus for Amazon's founder Jeff Bezos, who portrayed it as an engine for future projects, but more recently it has been buffeted by mass layoffs and key executive departures, including leader Dave Limp, a 13-year veteran who has announced plans to step down later this year.

Bitcoin (BTC), the world's largest cryptocurrency, continued its upward trend and came very close to reaching the $27,000 mark on Tuesday. Initially, BTC surged past the $27,000 level, which is the highest it has been since August 31st. 

Islamic Coin, a digital currency that aims to Shariah principles and promote ethical values, has initiated its Reg D Token Offering to the public in collaboration with OpenDeal Broker, a subsidiary of Republic.

The long-pending bill to reserve seats for women in India’s national and state legislatures could give a much-needed boost to women’s role in the country’s electoral politics. Women’s representation in the Lok Sabha has increased gradually over the years, but India hasn’t quite kept pace with the progress in the rest of the world, a Mint analysis of data from the Inter-Parliamentary Union (IPU) showed. A total of 82 members of the lower house, or 15.2%, are women at present.

Shares of Block (NYSE:SQ), the digital payments firm, fell more than 1% in premarket trading following the announcement that Alyssa Henry, CEO of its Square business, is departing.

Reliance Jio, on Tuesday, launched its Jio AirFiber services. In its initial stage, the service will be live in eight cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune. "With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service.

Deeg district of Rajasthan, astonishing doctors at a local health center. The infant, born on a Sunday night at the community health center in Kaman, has left medical experts and her family in awe with her unique physical attributes. The remarkable feature of this newborn is her astounding 26 digits. She possesses seven fingers on each hand and six toes on each leg.

Reliance Jio on Tuesday, announced the launch of JioAirFiber services, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 metro cities. The announcement comes weeks after Bharti Airtel's introduction of India's inaugural wireless home. Jio has a track record of disrupting markets to offer consumers affordable options, as demonstrated in the telecom industry.