Digital Financial News

NEW DELHI : Bhashini, the government’s national language translation project, will release data on early adoption among private companies, as well as on the size of repositories on Indian languages collected and generated by the project in October this year, said Amitabh Nag, chief executive of Bhashini. “The internet does not have data repositories in languages such as Manipuri, which Bhashini is now building. It is still early days for the size of repositories in certain languages, but Bhashini will be making an announcement on the details of this by October this year," Nag told Mint . The executive affirmed that Bhashini now has data for text-to-text translations in 22 languages, while data for voice-to-text translations are available in 14 languages.

NEW DELHI : A global tax convention to tackle aggressive tax avoidance by the top 100 multinational corporations, especially tech giants, is likely to be signed by as many as 138 countries by the end of the year for implementation in 2025, David Bradbury, deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Centre for Tax Policy and Administration said.8 [email protected] A separate but related framework for individual countries to enforce a 15% minimum global corporate tax rate is also being given finishing touches, he said in an interview after discussions on the subject by G20 leaders on Saturday. Bradbury, who was in New Delhi for the summit, said that the two elements of the proposed tax reform--pillar one which gives taxation rights to countries like India where people consume services of MNCs incorporated abroad, and pillar two prescribing a global minimum corporate tax rate--could come as separate measures. Edited excerpts: G20 leaders have said significant progress has been achieved on global tax reform. What is the status now? What we reported to the G20 leaders on Saturday is that a significant milestone has been reached by the inclusive framework on Base Erosion and Profit Shifting (BEPS, or the global initiative to tackle MNC tax avoidance).

Tiger Global-backed fintech unicorn Razorpay has acquired Mumbai-based JHKP Technologies Pvt. Ltd, which operates digital invoicing and customer engagement platform BillMe, in a bid to expand its offline business. Razorpay didn’t disclose the financial details of the transaction.

New Delhi: Saudi Arabia said it will consider setting up an office of its sovereign wealth fund (SWF) in Gujarat International Finance Tec-City (GIFT) to facilitate investments. Investment minister of Saudi Arabia Khalid A.

Further, the Board has also approved to reduce the number of shares to be bought back from investors to 3.12 crore, which represents 2.22% of equity. The company had earlier proposed to buy back about 3.33 crore shares. L7T has fixed September 12 as the record date for its Rs 10,000 crore buyback, which will be done through the tender route. The record date will determine the number of shareholders who will be eligible to participate in the buyback.

EU antitrust regulators have delayed their investigation into Amazon's $1.7 billion acquisition of robot vacuum cleaner maker iRobot as they wait for the companies to provide requested information. The European Commission, which acts as the competition enforcer in the 27-country bloc, said it stopped the clock on Sept. 8, with effect from Aug. 29.

NatWest Group India has appointed Anil Puttegowda as the new Head of Strategy and Transformation for International Hubs. He will be based out of NatWest Group India’s Bengaluru office. Anil brings with him more than three decades of experience in growing technology organisations with a proven track record of transforming global capability centres by driving innovation at scale. Having previously served in senior leadership positions at J.P. Morgan Chase & Co., ANZ, and Bank of America Merrill Lynch, his experience lies in areas of asset and wealth management, global markets, trading, middle and back-office process re-engineering, sustainable investing, and portfolio management.

Hotstar has scored record runs with viewership. Disney+ Hotstar today set a new record during the India and Pakistan's super 4 round match in Asia Cup with a peak concurrency of 2.8 crore viewers, according to industry sources. To achieve this feat, Disney + Hotstar beat its own 2019 World Cup record during the India vs New Zealand semi-final match, when MS Dhoni was tad short of getting into the crease to save his wicket and India's chances of moving into the finals. Disney Star, which operates Star Sports channels and Disney+ Hotstar OTT, is broadcasting the Asia Cup on TV and digital platforms. It also owns media rights for both platforms for the upcoming 50-overs ICC World Cup 2023 tournament. Arch cricket rivals India and Pakistan faced each other on September 3 in a group match in Asia Cup, but the match had to be suspended due to rains.

RailTel, which was entrusted to provide uninterrupted telecom services and cyber security solutions for the G20 Summit, said more than 3,600 mandays were invested to come up with an information technology infrastructure of global standards for the two-day mega event. The IT solution provider under the railways ministry said the integrated telecom network at the 122-acre ITPO campus at Pragati Maidan, particularly at the newly inaugurated summit venue Bharat Mandapam, entailed a massive infrastructure with 1,675 indoor antennas, over 35 kms of radio frequency cable and 25 kms of fibre cables. The summit of the influential grouping was held on September 9 and 10. In a statement, RailTel said that «over 3,600 mandays were invested by RailTel and its partners to establish cutting-edge mobile network infrastructure and a neutral in-building telecom infrastructure...». It added that as part of the project, WiFi infrastructure was strategically placed in outdoor corridors, covering the various halls slated for G20 events, and the back-end IT infrastructure for WiFi access was seamlessly integrated with the indoor WiFi infrastructure.

Google's ubiquitous search engine that has become the internet's main gateway. The legal attack will swing into full force Tuesday in a Washington DC federal courtroom that will serve as the battleground for the biggest US antitrust trial since regulators went after Microsoft and its dominance of personal computer software a quarter century ago.

water heaters, choosing the best geyser in India can be a daunting task. Factors like capacity, energy efficiency, and advanced features come into play, making the decision more complex than ever before. To help you navigate this warm, watery landscape, we've compiled a comprehensive list of the top 10 geysers available in India.

Karnataka government to enhance the semiconductor industry in Bengaluru, Prime Minister Mark Rutte said Monday. He was all praises for chief minister Siddaramaiah and deputy CM DK Shivakumar. “The Karnataka government isn’t just restating policies but is looking to make them more practical, implementation-wise,” he said.

KKR, will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd, thereby raising its stake to 1.42% from 1.17% in the retail behemoth. The follow-on investment by KKR values the retail subsidiary of Reliance Industries at Rs 8.36 lakh crore (approximately $101 billion), which is the double the valuation it got during the fundraising in 2020. “This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country,” RIL said in a release. In 2020, KKR had invested Rs 5,550 crore in Reliance Retail for a 1.17% stake. Three years ago, the retail behemoth had raised Rs 47,265 crore from various global investors, including KKR, at a pre-money equity value of Rs 4.21 lakh crore. “Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions,” said Joe Bae, Co-CEO, KKR. Reliance Retail operates India's largest retail business with an integrated omni-channel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption baskets. “We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector,” said Isha Mukesh Ambani, director, Reliance Retail. The investment by KKR follows Qatari sovereign wealth fund Qatar Investment Authority’s $1 billion investment in Reliance Retail for a nearly 1% stake.

Indian market with an ex-showroom price of ₹8.49 lakh. This high-performance fully-faired motorcycle is available in India as a completely built unit (CBU), leading to its premium pricing. It finds its place in Kawasaki's India lineup between the Ninja 650 and Ninja 400.

The marketing landscape has shifted in the past few years and is ready for upheaval in the coming few years. Stringent regulations, the retirement of third-party cookies, privacy-conscious Gen Z, etc., will increase customer acquisition costs (CAC). The average CMO will likely shift dollars to pay a premium for higher-quality, zero-party data and to drive higher consumer engagement. 

Gala Games (GALA) price action has entered complete free-fall as the once shining GameFi project crumbles amid an intense legal struggle between co-founders Eric Schiermeyer and Wright Thurston.

Registration Link - https://themomsco.com/mompreneur?utm_source=Organic&utm_medium=Press+Release&utm_campaign=Mompreneur_Registration National, 2023: The Mompreneurs Show, one of India’s largest multi stakeholder platforms dedicated to empowering and mentoring mom micro entrepreneurs from across India, launched by The Moms Co, India's leading toxin-free & natural personal care D2C Mother & baby brand, proudly announces additions to its esteemed partners coming together to support the dynamic community of Mompreneurs across India. Each Partner brings their unique expertise and resources & will support through Skill Building & Mentorship, Digital Growth & Amplification & critically Investment & Financial grants in the mompreneurs who are part of the initiative.

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

Saudi Arabia have signed a memorandum of understanding on cooperation and investment in renewable energy, energy efficiency, hydrogen, electricity, and grid interconnection. The pact also includes cooperation on petroleum, natural gas, strategic petroleum reserves and energy security, sources aware of the development said. Circular carbon economy and technologies like carbon capture, utilization and storage also found place in the agreement. The move comes right after the G20 New Delhi declaration, where a consensus was formed on various issues, including an effort for tripling renewable energy capacity by 2030 and phasedown of unabated coal power. India’s National Green Hydrogen Mission aims for at least 5 million metric tonnes of annual production capacity by 2030 through renewable energy sources, whereas Saudi Arabia’s clean hydrogen is likely to be based on low carbon emission technologies. Partnership on localising sourcing material, products and services related to the energy sector, and supply chains and its technologies, were agreed on. The countries will strengthen the cooperation with energy companies, promote digital transformation, innovation, cyber-security, and artificial intelligence in the energy sector. As per India’s green hydrogen mission, the country aims to be an export hub for the fuel.

release from TCS, the project will create groundbreaking medical solutions like the use of heart simulation as a source of digital evidence for new cardiovascular device approvals. The project includes in-silico clinical trials that could complement the evidence drawn from clinical subjects while reducing the need for animal testing and human enrollment for clinical trials, the release added.

reality is less idyllic. Digital platforms often reflect the world's imperfections, complete with prejudices, biases, and toxic elements. Consequently, any AI system trained on such a diverse array of digital media is likely to inherit an average representation of these flaws.