Digital Financial News

OTT platforms considering that some streaming apps have started offering bandwidth-heavy services and generating disproportionately high traffic, which is forcing telcos to upgrade and enhance the capacity of their networks. Therefore, telecom service providers are seeking a contribution from the OTTs for network expenses. In fact, Cellular Operators Association of India, which represents interests of carriers, has argued that large OTT players earn from consumers as well as advertisers, and hence suggested that a ‘fair share’ of revenues must be share with the telcos that do not earn from carriage fees for the content.

Senator Elizabeth Warren has garnered further support in the Senate for her soon-to-be-released Digital Asset Anti-Money Laundering Bill.

Bitcoin seems to be on an upward trend in the ever-fluctuating world of cryptocurrencies. Currently, Bitcoin is priced at $27,189, reflecting a nearly 3% rise in the last 24 hours and over 6% in the last seven days. The trading volume has reached an astonishing $10.4 billion.

Sam Bankman-Fried, the former CEO of crypto exchange FTX, has expressed his deep frustration and regret over the situation he finds himself in in a leaked 250-page manuscript.

Google prices online advertising, one of the issues at the heart of the antitrust trial under way in Washington. The government is seeking to show that Alphabet's Google broke antitrust law to maintain its dominance in online search. The search dominance led to fast-increasing advertising revenues that made Google a $1 trillion company.

NEW DELHI : The government has collected ₹8.65 trillion in direct taxes up to 16 September after accounting for tax refunds, making up more than half of its annual target, the Central Board of Direct Taxes (CBDT) said in a statement. Direct taxes collected so far, including the first two instalments of advance tax collections, show a 23.5% growth over the tax receipts from these sources a year ago, CBDT said. The Centre had projected a 10.5% annual growth in direct tax collection in the current fiscal year at ₹18.2 trillion.

New York’s financial regulator wants cryptocurrency companies regulated in the state to be more transparent about how they list and delist crypto coins. The New York State Department of Financial Services, in proposed guidance to be published Monday, spells out its expectations for how crypto firms evaluate a coin offering before adoption, based on a prior version of the framework. The regulator also describes its expectations of the steps and criteria a crypto firm must consider before delisting a coin.

₹13,000 crore allocation made to the scheme is a recognition of the immense contribution of our traditional and skilled artisans and craftsmen toward nation-building, and the economic potential of this sector. The Vishwakarma Yojana aims to empower our craftsmen by improving the quality and reach of their products and services. It will also revive their skills, not just to conserve India’s rich cultural heritage, but also to provide them with a dignified source of livelihood.

₹7,000 crore in its home and personal care (HPC) business, and ₹5,000 crore for its healthcare business. Furthermore, Dabur aims to drive double digit growth in the food and beverages (F&B) business. Its domestic business has three key verticals: HPC, healthcare, and F&B, which reported revenues of ₹3,845 crore, ₹2,581 crore and ₹1,724 crore (excluding contribution from Badshah Masala acquisition), respectively, in FY23.

Room heaters come in various types, each with its unique advantages. Convection heaters, radiant heaters, and fan heaters are some of the popular choices, catering to different heating preferences. Havells, a renowned brand in the home appliance industry, offers a wide range of room heaters known for their efficiency and performance.

A while ago, I had written about the new market for trading in advertising space on social media and on the internet in general. The first revolution in digital advertising occurred when Google began to place advertisements along with its standard web search. Search engine optimization (SEO) was all the rage for some time.

In an exclusive interview, Radheecka Rakesh Garg, Director of Rajdarbar Realty, talks about the growth prospects of commercial realty in Tier 2 and Tier 3 cities and shares her views on the Gurugram market. Excerpts:

How to use YONO SBI NRI account opening service: State Bank of India (SBI) has introduced a digital facility for NRIs to effortlessly open NRE and NRO accounts (both savings and current accounts) through SBI’s YONO app. This service has been designed for“new to bank” customers, providing them with ease and efficiency in the account opening process, SBI said in a statement. 

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Boerse Stuttgart Digital, the crypto-focused division of the Stuttgart Stock Exchange, has revealed plans to launch a fully insured cryptocurrency staking service.

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Bitcoin extended its rally from last week, rising above $27,000 for the first time since August. Other digital assets followed suit, with smaller tokens such as Solana, Litecoin and Bitcoin Cash rallying. The largest digital token had ended positive on Sunday for the first week in five, and increased as much as 3.7% to $27,418 on Monday. Solana gained around 6%, Litecoin rose 6.5% and Bitcoin Cash jumped 8%. The price increases come with the Federal Reserve expected to keep borrowing rates steady when policy makers meet this week. Higher rates tend to reduce the allure of higher risk assets such as cryptocurrencies. “After a prolonged struggle at the psychological support of $25,000, Bitcoin managed to hold steady. Range traders will now be looking to take profits just above $30,000,” said Mati Greenspan, chief executive officer of Quantum Economics. Some analysts are questioning how long this latest rally will last and as reported previously the level investors are watching on Bitcoin is $28,800.

Microsoft who launched its Surface line of computers and Windows 11 is leaving the company.Panos Panay is stepping down after nearly 20 years at Microsoft, most recently as chief product officer, according to a staff memo Monday.

Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will on Tuesday inaugurate the 'Kisan Rin Portal' to help farmers avail subsidised loans under the Kisan Credit Card (KCC).

China's Vice Premier Zhang Guoqing and the European Commission Vice President Vera Jourova held in-depth talks on Monday on topics including artificial intelligence and cross-border data flow in Beijing, China's state media reported. Both sides agreed to promote an open, fair and non-discriminatory environment for the development of the digital economy, the official Xinhua news agency said.

FD interest rates. However, you should keep in mind that issuers offer two interest calculations: simple and compound. Opting for the latter can work wonders for your long-term savings.