Digital Financial News

₹25 for 5km and ₹50 for 10km, with plans for nationwide expansion. The company’s co-founder and CEO, Bhavish Aggarwal, shared on social media platform X, stating, “Restarting Ola Bike in Blr today. This time, all electric and our own S1 scooters." Bike taxi fares are established at ₹25 for a 5-kilometer ride and ₹50 for a 10-kilometer journey, as mentioned by Bhavish Aggarwal.

Jeep India has unveiled the 2023 Compass in a new 4X2 variant, offering Indian consumers an enticing entry point into the Compass lineup. The 2023 Jeep Compass range now commences at an attractive price point of Rs 20.49 lakh (ex-showroom), significantly reducing the entry-level price by nearly Rs 1 lakh. The automatic range of the Compass starts at Rs 23.99 lakh (ex-showroom), marking a 20% reduction in pricing compared to previous models, making the automatic variant significantly more affordable, with a reduction of almost 6 lakhs! Jeep India has also introduced the new Jeep Meridian Overland Edition SUV, featuring striking updates such as new alloy wheels, an updated grille pattern, body-colored bumpers, and fresh upholstery inside. The automaker has not revealed the prices of new Jeep Meridian Overland Edition yet. 2023 Jeep Compass 4X2: ExteriorThe 2023 Jeep Compass 4X2 boasts an impressive exterior design with a glossy-black grille, glossy-black 18-inch alloy wheels, front LED reflector headlamps, standard LED tail-lamps, LED fog lamps, and LED projector headlamps. The 2023 Jeep Compass Black Shark Edition takes things further with a body-color painted roof and lower cladding, striking 18-inch aluminum black-gloss painted wheels, black leatherette seats, unique ignite red highlights, and distinctive BlackShark badging on the fenders.

In the era of financial digitalization, the Chainalysis Global Crypto Adoption Index for 2023 stands as a pivotal resource, charting the nuanced ways countries are embracing cryptocurrency based on their unique socio-economic factors. 

International Trade Law (UNCITRAL) South Asia conference from 14 to 16 September. The conference was organised jointly by the Ministry of External Affairs, UNCITRAL and the organisation’s national coordination committee for India. Minister of state for external affairs Rajkumar Ranjan Singh, chief justice of India DY Chandrachud and Attorney General R Venkataramani were present at the event.

misinformation policies of Facebook, the world's largest social media platform, were not effective in combating misinformation and its overall design is more to blame for this rather than just algorithms, a new study has revealed. The study, led by researchers at the George Washington University in the US and published in the journal Science Advances, found that Facebook's efforts were undermined by the core design features of the platform itself.

By Max Hunder

X Corp has introduced government-ID-based verification checks for X premium users, as it aims to curb impersonation on its platform and doll out more benefits to them like «prioritised support». ID Verification is currently available in numerous countries and will soon be extended to include more, such as the European Union, European Economic Area (EEA), and the UK, according to the company.

cloud technologies for enterprises and customer use cases, a senior executive of mainframe-as-a-service company Ensono said cloud is not meant for all workloads. India Managing Director of Ensono, Raj Bagga spoke to PTI as the company makes a foray into hybrid solutions for enterprise data. The government recently imposed restrictions on import of micro computers, large or mainframe computers, and certain data processing machines.

Pokemon Go maker Niantic aims to increase the number of monthly active users for the game in India by tenfold in the next three to five years, a top executive said. “That's going to take a significant investment, but it’s one that we're committed to," Omar Tellez, vice president for emerging markets at the company, told ET, highlighting the importance of the India market.

Nifty Bank is now approaching its all-time high and can even zoom past the 47,000-level, says Rupak De of LKP Securities. “The strong presence of Put writers at 46,000 has helped the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside,” he said.

personal data you probably never agreed to share — everything from your real-time location information to private financial details. Even if you could identify these data brokers, there isn't much you can do about their activities, including in California, which has some of the strongest digital privacy laws in the U.S. That's on the verge of changing. Both houses of the California state Legislature have passed the Delete Act, which would establish a «one stop shop» where individuals could order hundreds of data brokers registered in the state to delete their personal data — and to cease acquiring and selling it in the future — with a single request.

(This story originally appeared in on Sep 16, 2023)

Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc, a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. Investment bank Morgan Stanley is advising CCC on its talks with potential acquirers, which include other buyout firms, the sources said, adding that no deal is certain.

By Andrea Shalal and David Lawder

Marrakech in October to deliberate over possible reforms at multilateral development banks (MDBs), crypto-asset regulations and the global economic outlook, economic affairs secretary Ajay Seth told Banikinkar Pattanayak in an interview. Edited excerpts.What are the Finance Track’s most significant outcomes under India’s G20 presidency? There are many important outcomes of the Finance Track… Three particularly relevant in the current global context are a widening of the discussion on strengthening MDBs incorporating perspectives of the Global South; firming up the building blocks for a globally coordinated and comprehensive policy and regulatory framework for crypto assets; and advancing financial inclusion and productivity gains through digital public infrastructure.How does G20 plan to achieve better, bigger and more efficient MDBs and by when? G20 leaders have committed to pursuing ambitious efforts to evolve and strengthen MDBs.The call for bigger, better and more effective MDBs is based on this commitment.

Significant price movements continue to shape the trajectory of digital assets in the crypto landscape. Bitcoin ($BTC) is facing a notable development as its key support level of $26,600 weakens. This shift in Bitcoin's dynamics is sparking discussions and raising questions about its short-term performance and the broader implications for the cryptocurrency market. Amidst this backdrop, another compelling narrative unfolds as InQubeta ($QUBE), the innovative DeFi (decentralized finance) project, has seen its ongoing presale skyrocketing, witnessing unprecedented participation.

Mastercard, the world's second-largest payments network, said India's Unified Payments Interface (UPI) is a loss-making proposition for the players in the ecosystem even as it driving digitisation in the country. «UPI is fantastic at many levels in terms of what it has done to create digitisation in the economy. It is an incredibly painful experience for ecosystem participants, who all end up losing money as part of that proposition.

TikTok employees in the United States expressed frustration and dismay this week after the company introduced a tool for tracking office attendance and threatened disciplinary action for failing to comply with new in-person mandates, in an unusual effort to get workers back into the office with custom data-collection technology. Employees at TikTok, which is owned by Chinese company ByteDance, received notices this week about the new tool, an app called MyRTO. The app, which is built into the company's internal software, monitors badge swipes and asks employees to explain «deviations» — absences on days they are meant to be in the office — according to emails and screenshots shared with The New York Times.

global politics and diplomacy, there are moments that stand as beacons of hope and progress. The G20 New Delhi Leaders' Declaration of 2023 is one such landmark, with the historic commitment towards gender equality and empowerment of women and girls worldwide. Under India's presidency, G20 leaders agreed to set up a Working Group on the empowerment of women to support the G20 Women's Ministerial.

finance ministry on Friday slammed a research report that claimed that India's 7.8% economic growth in the April-June quarter is overstated, as it defended the official estimates, saying if anything, the growth numbers might «understate the reality». This is because manufacturing growth indicated by the Index of Industrial Production (IIP) is far lower than what manufacturing companies are reporting, it added. In a post on X, the ministry said, «Ideally, critics would have done well to look at several other growth indicators to see if other data match their conclusions.» Industrial production grew 4.5% in the April-June quarter.

Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve's potential foray into the world of CBDCs.