Digital Financial News

Wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52%. In July, the WPI inflation was at -1.36%. The negative rate of inflation in August this year is due to fall in prices of mineral oils, basic metals, chemical products, textiles and food products as compared to the corresponding month of previous year, according to the data by the Ministry of Commerce & Industry.

Tata Motors has launched its much awaited Tata Nexon facelift in India today. Starting at an introductory price of ₹8.09 lakh, the SUV is available in 11 variants and six colurs. Interested buyers can book the SUV for ₹21,000.

Huawei Technologies said on Thursday it will launch new products on Sept. 25 without elaborating. The company will be releasing information about new mobile phones at the event, according to Chinese business daily Yicai which cited sources.

The pensioner has to provide Aadhaar number, name, mobile number and self declared pension related information like PPO Number, pension account number, bank details, name of pension sanctioning authority, Pension Disbursing Authority, etc.Pension Payment Order (PPO) is very important for all pensioners. It is a unique 12-digit number provided to every pensioner who is covered by EPS (Employee Pension Scheme) under the Employee Provident Fund (EPF). A Pension Payment Order number is essential if you want to track the status of your pension.How to find your PPO number Step 1: Log on to www.epfindia.gov.in Step 2: Under Online service, click on the Pensioner's portal Step 3: You will be redirected to the 'Welcome to Pensioners Portal. 'Click 'Know your PPO number' which is mentioned on the right side of the page Step 4: Enter either your bank account number or PF number. You will receive your PPO number, as well as your Member ID and type of pension, after entering the relevant information. The PPO number is required when applying for a pension and when submitting one's annual life certificate. Transferring a PF account from one bank branch to another can be problematic if one does not know their PPO number

«Now going forward, our endeavour will be definitely to look at how do we increase our overseas order intake. And as you mentioned, one of the key areas geographically is Middle East and Africa where we are targeting,» says Rajneesh Chopra, VA Tech Wabag.There are some announcements, of course, big ones, India-Middle East in their recent meets. I want to understand from you, from a company standpoint, what kind of revenue potential or what kind of order potential are you expecting on the back of these tie-ups for say water-infra-related orders?See, as you said, the outlook for the water sector per se has been pretty good, both in India as well as overseas. If you particularly talk about VA Tech, I think we are at all-time high order backlog and we have a good mix of India as well as overseas orders. One of the key orders which in recent past you have seen is 400 MLD desalination plant in India and a major breakthrough in Bangladesh for a wastewater treatment plant. Now going forward, our endeavour will be definitely to look at how do we increase our overseas order intake. And as you mentioned, one of the key areas geographically is Middle East and Africa where we are targeting.

Anand Shah, Head- PMS & AIF Investments, ICICI Prudential AMC, says, this is a market which has strong legs of earnings and one needs to be very focussed, very careful and continue to buy the right businesses which will benefit from a multi-year growth which is a very clear possibility as the stars are aligned today.Where do you think the entire volatility of the election cycle would kick in? Today, we are not talking about it, but soon we will start talking about it. Historically, we have seen that the election cycle in India is always a swing event. It is not a binary event, but a swing event. What should one do?Our experience of the last 20-23 years is that notwithstanding the macro risks that exist in the market, focussing on stock picking, identifying the right businesses has actually paid off very well. To be very honest, many of the macro risks had a much larger impact than elections – be it the global financial crisis or more recently Covid. There would always be external forces which will push down markets and one needs to be cognisant of that and that is why the asset allocation of an individual is very important.

In the latest incident, a person called Inderjeet Bang claimed that the charger of his Nexon EV got damaged by a cow. He said that a cow pulled the charger, destroying it completely, while one part of it got stuck in the charging port itself. "Tata nexon ev charger damaged by cow … cow pulled the wire of the charger & the charger has been totally destroyed & one part of charger is stuck in the car charging port," he tweeted tagging Tata Motors.

Check LIVE updates here. Pakistan's playing 11 against Sri Lanka does not include renowned batter Fakhar Zaman.Pakistan's playing 11 against Sri Lanka has been released. Here is the team: Mohammad Haris, Imam-ul-Haq, Babar Azam (c), Mohammad Rizwan (wk), Saud Shakeel, Iftikhar Ahmed Shadah Khan (vc), Mohammad Nawaz, Shaheen Afridi, Mohammad Wasim Jnr and Zaman Khan.

PARIS (Reuters) — Belgium's junior minister for the digital economy said he would ask the telecoms regulator to analyse potential health risks linked to Apple (NASDAQ:AAPL)'s iPhone 12 after France ordered a halt to sales citing breaches of radiation exposure limits.

Ahead of the issue opening, Zaggle garnered Rs 253.52 crore from 23 anchor investors at the upper price band of Rs 164 per equity share. Analysts remain mixed on the IPO, with few recommending to avoid it while others advising to bid for a short-to-medium-term view. «If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7 and we believe it to be priced aggressively. We, therefore, recommend an 'Avoid' rating for the issue,» StoxBox said. The price band for the IPO is fixed at Rs 156-164 per share and investors can bid for a minimum of 90 shares in one lot and in multiples thereafter. At the upper price band of Rs 164, Zaggle Prepaid is available at an adjusted P/E of 54.3x (FY23), which appears to be aggressively priced, said Geojit Financial Services. However, several factors contribute to its appeal, including a diverse client base spanning various industries, consistent revenue growth over the years, the company's expansion strategies, a diversified revenue model, and the flourishing digital payments sector, it added.

In general, a 16 GB pendrive is a versatile and useful storage option for anyone who need a reliable and portable way to store and transfer data. So, buy a 16 GB pendrive and say bye to storage related problems.List of the best 16 GB Pendrive

Independent market expert Hemang Jani says, «among largecaps, continue to like SBI, ICICI Bank and HDFC also which after a long time is showing a little bit of traction. These are the names when it comes to the large cap names. In midcaps, we should focus on two names; IDFC First Bank, where we had an entry of a big investor. Also Federal Bank is delivering consistently good performance. IT is a value play. There is a little bit of a zigzag here and there based on what is happening in the US markets. But TCS on the largecap front and to some extent, some of the small midcap names, Tech Mahindra, Naukri, are the names where we continue to have a positive bias.»The standout performers in trade yesterday were the PSU stocks which had a pretty strong run up. What is your assessment as to how they have moved and what is the outlook?We have seen a big correction the day before and stocks actually corrected anywhere from 5% to 15% and the index itself was down about 3%. Yesterday it was a smart pullback. Our take is that one really needs to watch for some sort of a consolidation when it comes to the broader market because when an index has gone up by 35-40%, a 3% or 4% correction is actually very small.

International Cricket Stadium in Colombo, Sri Lanka. If you're planning to catch the action from the comfort of your home, tune into the Star Sports Network for live broadcast.

₹513.80 apiece on the BSE on Thursday. NIIT Learning Solutions (Canada) Ltd, the wholly owned subsidiary of NIIT Learning Systems, announced the successful implementation of its cutting-edge Xsel Learning platform in collaboration with CENTURY 21 Heritage Group. The company said that the launch of Xsel marks a significant advancement in real estate education pedagogy and technology, bringing revolutionary digital learning solutions to the CENTURY 21 Heritage Group.

New Delhi: A three-day G20 meet on financial inclusion will be held in Mumbai starting Thursday, an official statement said on Wednesday. The fourth G20 global partnership for financial inclusion (GPFI) will bring together over 50 delegates from G20 member countries, special invitee countries and international organisations, the statement said.

Indian startup ecosystem. The sector has witnessed one of the worst slowdowns in risk capital funding for startups that has stretched for over a year, drawing the moniker of a “funding winter”. The eleven jurors including top business leaders, startup entrepreneurs who have taken their companies public recently, marquee investors and other founders, would therefore display a razorsharp focus on business models built for the long term.

Economic Times Startup Awards (ETSA) have captured the ever-changing world of technology and Digital India as the sector has grown from infancy to the stage of spawning publicly-traded corporations. Having seen at least two cycles of the funding boom followed by a tech winter, the awards are a true testament to the way Indian entrepreneurship has matured in the past nine years amid many crests and troughs.

Indian startups got their first big push with global investors starting to chase companies like Flipkart, Ola and Oyo, as the world sensed a massive opportunity in the country’s market. This was on the back of a much-ballyhooed IPO of ecommerce behemoth Alibaba and investors in China wanting to get a beachhead in the next big market. Investors lined up, betting on tech startups, especially in the consumer internet sector, seeking to tap the young demographic of a country of over 1.2 billion people at the time. It was not only the financial investors but large strategic players like Amazon declared India as a big market, deploying billions of dollars, as the rush of capital began. This was when this newspaper instituted what’s become the most celebrated set of awards for the startup ecosystem — the Economic Times Startup Awards— with the idea to propel entrepreneurship in the country.

Uday Kotak, founder and director, Kotak Mahindra Bank: “Entrepreneurship defines India and Indians. I’m very proud to see the flourishing of Indian entrepreneurship…I congratulate The Economic Times for having created this whole process about nearly ten years ago. I want to thank each of jury members for their great insights and free flowing discussions for us to come to a better and more appropriate thinking process for choosing winners out of very high-quality companies and entrepreneurs. I’m happy with the outcomes that we have achieved today.”

Central bank digital currencies (CBDCs) have the potential to replace cash in the coming decade, according to a report by venture capital firm Blume Ventures shared with ET. The report, titled ‘Future of Money’, said CBDCs have the capacity to boost financial inclusion by offering a safe and affordable means of making transactions for people with no access to traditional banking services.

ET Startup Awards 2023 jury meeting, as the members contemplated how much weight should be given to public good, impact and financials. Their final choice was FIA Global, a platform that helps people in some of the most remote areas of the country avail of formal financial services, from opening a bank account and taking a loan to investing in mutual funds and buying digital gold.