Digital Financial News

17.09 / 07:59
Digital Man Platform Interface Browser No proof YouTube promoted anti-vaccine content amid Covid-19: Study
Covid-19 pandemic. The study, published in the Journal of Medical Internet Research, examined if YouTube's recommendation system acted as a «rabbit hole,» leading users searching for vaccine-related videos to anti-vaccine content.
17.09 / 07:19
FIVE Digital Assurant awards Bridge and Roof Company chairman's executive secy, 6 others, arrested by CBI in Rs 20 lakh bribe case
CBI has arrested the Executive Secretary to the CMD of the PSU Bridge and Roof Company (India) Ltd and six others in connection with alleged bribery of Rs 20 lakh to favour a Gujarat-based company to get the tender for Eklavya Model Residential School (EMRS) in Odisha, officials said Sunday. Chairman and Managing Director's Executive Secretary Asish Razdan, Proprietor of a Rajkot-based private company Hetal Kumar Pravinchandra Rajyaguru, and five private persons — Shashank Kumar Jain, Somesh Chandra, Veer Thakkar, Rajiv Ranjan, and Tarang Agarwal- are the six people arrested in the matter, they said. «It was alleged that a conspiracy was laid amongst the said accused for getting the tender of Eklavya Model Residential School (EMRS), Odisha, awarded to the private company (HP Rajyaguru) in lieu of illegal gratification to an unknown public servant of Bridge and Roof Company(India) Ltd, Kolkata,» the CBI Spokesperson said. The CBI has alleged that Jain was demanding a bribe on behalf of unidentified officers of Bridge & Roof Company (India) Ltd, Kolkata, from Rajyaguru directly, as well as through another private person for the awarding of the tender to the private company. Rajyaguru had allegedly assured Jain he would send him Rs 20 lakh (approx), through hawala channels, meant for an unidentified public servant of Bridge & Roof Company(India) Ltd. The agency laid a trap when the transaction was to take place in Kolkata and arrested two private persons in connection with the case and recovered the bribe amount of Rs 19.96 Lakh. «During the investigation, it was found that the said bribe was allegedly meant for the Executive Secretary to CMD, Bridge and Roof Company (India) Ltd (a Public Servant).
17.09 / 07:19
UPS Digital Aware Platform Action country social Centre Tinder partners with Centre for Social Research for user safety
Tinder on Sunday said it has partnered with the not-for-profit organisation Centre for Social Research to offer safety guidance to its users. The additional safety guide, along with the existing 15 safety features on the app, is part of Tinder's efforts to ensure the safety of its users, utilising NGO CSR India's insights amid the intersection of technology and violence against women, Tinder told PTI. Tinder users will get a prompt through in-app message for accessing the «Dating Safety Guideline».
17.09 / 06:23
Digital Strategy NIFTY SENSEX VIX week On current form, bulls likely to dominate Street this week says Aamar Deo Singh of Angel One
Nifty and Bank Nifty, it seems likely that bears will think twice before confronting the bulls head-on, says Aamar Deo Singh, Head Advisory at Angel One. This is because the majority of broad-based technical indicators, such as the Advance-Decline Ratio, all-time high stock prices, and 84% of stocks that are trading above their 200-Day Moving Average, all indicate a rally that will span multiple sectors.What are your thoughts on Sensex and Nifty's current run in this series? Where do you see them this Friday?The Indian stock market's incredible surge continued to gain steam last week and doesn't seem to be slowing down. The Nifty finished the week with weekly gains of 1.88%, and a record high of 20,192, while Bank Nifty, not to be outdone, finished the week with weekly gains of 2.38%, just shy of its all-time high of 46,369 in July. Also, remaining in the 10–12 area was the India VIX, which represents investors' comfort and confidence.
17.09 / 06:03
UPS Target Digital Microsoft country Iranian hackers target defence, satellite firms to gather secrets: Microsoft
hackers targeted satellite, defence, and pharmaceutical companies worldwide to gather intelligence and perhaps build up domestic production in these industries amid heavy US sanctions. Since February, the hackers have successfully breached several organisations by applying a simple hacking technique, indicating the high level of determination from Tehran's hacking teams, according to Microsoft.
17.09 / 06:03
Digital Platform Strategy Software Enterprise Forbes Low Low-code software platform Airtable to lay off 27% of workforce
Airtable, a low-code platform for building collaborative apps, has announced to lay off about 27% of the workforce, or 237 employees, in the second round of job cuts. According to Forbes, the cuts are part of a strategy to focus the company on winning large enterprise clients while also controlling spending.
17.09 / 05:47
Provident Target Digital Ripple XRP XRP Price Prediction as $700 Million Sends XRP Near $0.50 – Are Whales Buying?
The ever-evolving cryptocurrency landscape has lately been abuzz with talk surrounding Ripple (XRP), currently the fifth-largest crypto by market capitalization. 
17.09 / 05:05
UPS Provident Digital How should one approach the mid and smallcap holdings now? Deven Choksey answers
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says: “To a greater extent, the midcap and smallcap companies’ rally is driven largely because of the higher amount of money getting into these stocks on a comparatively smaller base of equity, that is the first point. Also, a group of people systematically would probably participate into this activity, as a result of which the rally becomes more prolonged and that why we are seeing a relatively higher valuation and a disproportionate rally in stock prices.”After that bit of an aberration on Tuesday, it seems pretty great going for the market. We are above the 20,200 mark and not a bout of profit-taking besides Tuesday even within the broader end of the market. The largecaps may have led the rally this week but we are not seeing any serious damage within the broader end of the market. How should one approach the mid and smallcap holdings in one's portfolio now? On one side, we have the compelling reasons for some of the largecap companies to buy into the portfolio because of the languishing valuations that they are putting currently and the kind of opportunity that they are providing at this point of time. They are probably becoming a better choice than some of the mid and the smallcaps. So, preference is definitely going towards largecaps.
17.09 / 05:05
UPS Digital country I’d prefer largecap IT stocks on dips; EV agnostic auto parts: S Krishnakumar
S Krishnakumar, Director, Lion Hill Capital, says a lot of change is coming in technology and the larger companies would be in a far better position to take advantage of these changes and invest for growth in that area. “So I would like to be more invested in largecap IT but at slightly better valuations. Given that the growth is kind of a little slow, we could probably wait for some corrections to get in there.”What about the IT space? IT has erased all the losses of this year and now deal visibility seems to be picking up. Would you buy any midcap IT, smallcap IT name or stick to largecaps? I think the valuations in small and midcaps in the IT space have been generally higher than the premium to the largecap companies. So one would probably look to buy largecap companies at better valuations relative to their own growth. Also there is the fact that they can handle all competitive intensity and also technology just like chatGPT, AI etc. I think a lot of changes are happening in the way delivery of IT is done and we are seeing a lot of investments going into artificial intelligence and ML.
17.09 / 03:55
UPS Waves Digital Microsoft CEO Platform Enterprise Slack Slack is ready to ride AI wave: CEO Lidiane Jones
Artificial Intelligence is transforming Slack, the widely used workplace messaging platform, its CEO said just nine months after taking on one of the most high-profile jobs in Silicon Valley. Lidiane Jones was handed the reins to Slack after the departure of its cofounder and CEO Stewart Butterfield who exited two years after his company's acquisition by Salesforce, the San Francisco-based enterprise software giant.
16.09 / 21:41
UPS Digital Platform blues Time Where to read Jujutsu Kaisen chapter 236? Check release date, time and all you may want to know
Chapter 236 of Jujutsu Kaisen is poised to kick off a fresh storyline, signaling the conclusion of the Gojo vs. Sukuna battle. Although Gojo's triumph in the preceding chapter appeared decisive, some readers found it surprisingly swift. The upcoming arc is expected to unveil whether Sukuna had any remaining tricks up his sleeve or if this marks his genuine defeat.
16.09 / 18:47
Reuters Digital country exclusive Consumption IMF to urge China to shift growth model towards consumption, Kristalina Georgieva says
China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered to Chinese authorities in a forthcoming IMF «Article IV» review of China's economic policies. The Fund will strongly urge Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate, she said. «Our advice to China is use your policy space in a way that helps you shift your growth model towards more domestic consumption,» Georgieva said. «Because the traditional way of infrastructure, pumping in more money, in this current environment is not going to be productive.» China's aging population and falling productivity were playing a «suppressing role» in its growth rate, along with companies in the United States and Europe shifting supply chains away from China. China's problems in the real estate sector have also caused consumers to rein in spending, Georgieva said. «We actually project that without structural reforms, medium term growth in China can fall below 4%,» Georgieva said.
16.09 / 17:25
COST Digital Progressive Align Is Mike Ashley selling Misguided to Chinese fashion giant Shein? Here is what we know so far
Mike Ashley is reportedly in discussions to sell online clothing brand Missguided to the Singapore-based giant, Shein. This potential deal is in progress months after Ashley's Frasers Group saved the brand from administration. Here's what we know:
16.09 / 17:25
Provident Digital Platform Strategy Mobile poker Gameskraft to discontinue super app Gamezy amid Rs 21,000 crore tax demand
online gaming company Gameskraft, which is staring at a potential Rs 21,000 crore goods and services tax (GST) payout, will phase out its super app Gamezy, the company said in a statement. Gameskraft offers various real money and casual games including ludo and card games.
16.09 / 15:45
BTC Digital Compilation Discover ICO Bitcoin Time 500 Bitcoin Price Prediction as BTC Climbs Above $26,500 Level – Best Time to Buy?
The world's most popular cryptocurrency, Bitcoin, has been steadily climbing over the past few weeks, surpassing the $26,500 level today. The Bitcoin price currently stands at $26,560, with a 24-hour trading volume of $9.6 billion.
16.09 / 12:47
FIVE Digital Progressive Career LinkedIn Gen X, Millennials eager to leverage artificial intelligence at work: Report
Gen X professionals are curious and eager to leverage artificial intelligence (AI) at work, according to a report. Over 75 per cent of Millennials and 74 per cent of Gen X professionals surveyed feel that AI will take boring tasks off their plate giving them the time to focus on tasks that excite them, said a report by LinkedIn India. Meanwhile, 70 per cent of Gen Z are also eager and curious to adapt to the world of AI, the report added.
16.09 / 12:33
Waves Reuters Digital Assurant Apple Software country After France, Belgium and Italy request iPhone 12 software upgrade amid health review
public health risk from radiation emissions. Mathieu Michel, Belgium's state secretary for digitalisation, issued a statement mentioning that although the IBPT regulator is currently conducting a review of the phone, the initial findings have been "reassuring," and as a result, there is no requirement for a recall of the phone in Belgium, reported Reuters. As per Reuters, on Thursday, Belgium announced its plan to assess potential health concerns associated with Apple's iPhone 12.
16.09 / 11:39
IPO Lowe's Digital Gap show track Buyback IPOs Decoding L&T's buyback and upcoming IPOs: Insights from Mahantesh Sabarad
“Reflecting on the recent market dynamics, where small-cap and mid-caps have seen a dip in prices over the past week, these IPOs might not seem alluring to investors due to their relatively high valuations,” says Mahantesh Sabarad, independent market expert. Edited excerpts:ET Now: I want to discuss the L&T buyback that opens on Monday, 18th September. Given the recent surge in the price of L&T over the last month, the buyback price is now around 3200. How do you view L&T's momentum moving forward? Additionally, do you anticipate strong participation in this buyback tender?Mahantesh Sabarad: Firstly, a disclosure, I own L&T shares. But to address your question, if you consider the number of shares set for buyback and extinguishment, it's just about 2.2%. This, in my view, won't significantly alter the stock's overall fundamentals. Typically, post-buyback, one examines whether there will be a significant improvement in return on equity, as the base capital, the equity capital, diminishes. Since the equity capital reduction is likely just around 2.2%, it's not substantial enough for the ROE to improve merely because of the buyback. As for retail investor participation? Given the narrowing gap between the buyback price and the current market price, many investors might opt out of the buyback. However, I do anticipate that the company will complete the buyback with full subscription, even if the overall number of shares offered might decrease.
16.09 / 10:47
Digital CEO Strategy financing Backed Peter Thiel's Valar Ventures backed revenue-based financing startup Velocity lays off about 14% of staff
Velocity has laid off around 14% of its workforce, the Bengaluru-based company's cofounder and chief executive Abhiroop Medhekar wrote in a blogpost on Friday. «Getting to profitability is an important priority for us and this restructuring is a crucial step in that direction. We’ve carefully restructured our organization to avoid redundancies,” he wrote.
16.09 / 10:47
IPO Digital SoftBank Deal SoftBank seeks AI investment as Masayoshi Son plans deal spree after Arm IPO
SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. SoftBank's founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI, the newspaper said, citing two people familiar with Son's thinking.
16.09 / 10:47
UPS Digital Action Exodus country cover Midcap Surge: Experts decode India's growth amid global flux
“The correction we observed in midcap seems overdone primarily because, if you consider the index, 75% weightage is on large caps and 25% covers numerous midcaps,” says Sudip Bandyopadhyay of Inditrade Capital. “Midcaps and smallcaps will always remain an attractive investment opportunity. They do present challenges, like liquidity. Investing in some of these smallcaps is similar to venturing into VC-backed companies – they exhibit very strong growth,” says Punita Kumar Sinha of Pacific Paradigm Advisors. Edited excerpts:

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