Digital Financial News

It is essential to know where your hard-earned money goes. Without knowing where you spend your money, it becomes difficult to manage your expenses. You will also not be able to reduce the cost where you are spending on non-essential things if you don’t keep a track of your spending habits. Fortunately, the digital age offers a plethora of tools that can help you take control of your finances like never before.

G20 Summit, a significant gathering of global leaders, it is imperative to delve into what's on the agenda. More than 30 heads of state and other top officials from the European Union are also set to attend the summit alongside several other delegates from invited guest countries. The summit will also be attended by 14 heads of international organisations.India plays host to the G20 Leader's Summit at the newly inaugurated Bharat Mandapam on September 9-10. The summit's proceedings will kick off with the arrival of world leaders at Bharat Mandapam, commencing at 9:30 AM. At approximately 10:30 AM, the first session of the G20 Summit, themed 'One Earth,' will unfold.

Reliance Retail Ltd (RRL) borrowed ₹32,303 crore from banks in fiscal 2022-23, a year marked by rapid expansion of its business that industry executives said was primarily funded through debt. As much as ₹19,243 crore of the loans were non-current, long-term, borrowings, as per disclosures in RRL's latest annual report. As of March 2022, it had a mere ₹1.74 crore in bank loans on its books.

Nvidia and Reliance Industries, India’s largest company by market cap, will together build a foundational large language model (LLM) — an artificial intelligence algorithm —that will be trained on an array of diverse Indic languages used by the country’s 1.4 billion people, chief executive Jensen Huang announced on Friday. The $27.5-billion company, which is the world’s best-known maker of hardware and software for AI tools, also said it will partner with the salt-to-software conglomerate Tata Group to advance AI infrastructure in India.

(Reuters) — The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK's first treaty since leaving the European Union.

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

Amidst an atmosphere of suspense and anticipation, Bitcoin has been making waves again. A recent surge in trading volume has propelled the premier cryptocurrency beyond the $26,000 mark, leaving many investors and market analysts curious about the forces at play. 

Narendra Modi Friday said India’s presidency of the G20 has been “inclusive, ambitious, decisive, and action-oriented” and underlined that the country lays great emphasis on a human-centric approach to progress. “I look forward to productive discussions with world leaders over the next two days. It is my firm belief that the New Delhi G20 Summit will chart a new path in humancentric and inclusive development,” the PM posted on social media site X (formerly Twitter) on the eve of the two-day summit. In a series of tweets, he also highlighted that it is the first time India is hosting the G20 summit and said during its G20 presidency India “actively voiced the developmental concerns of the Global South”. Modi said the theme of this summit, ‘Vasudhaiva Kutumbakam – One Earth, One Family, One Future’ is rooted in the Indian cultural ethos and resonates with the country’s worldview that the whole world is one family. He reiterated his recent remarks that the time has come for a humancentric approach to growth instead of a GDP-centric one. “India also places great emphasis on a humancentric way of furthering progress. It is important to emulate (Mahatma) Gandhi ji’s mission of serving the underprivileged, the very last person in the queue,” he tweeted.

Narendra Modi, a great believer in the global south, has written to G20 leaders to include the African Union as a member of the grouping. There have been positive responses from G20 leaders, he said, adding that the leaders are expected to take a call soon. The press conference was addressed by India’s G20 sherpa Amitabh Kant, economic affairs secretary Ajay Seth, foreign secretary Vinay Kwatra, and chief G20 Coordinator Harsh Vardhan Shringla.

September has historically been a stormy month for the financial markets, and this year proves no exception. The two best cryptocurrencies, Bitcoin and Ethereum, have been facing choppy waters, leading traders to speculate on alternatives for stable gains. Amidst the uncertainty, a new AI altcoin has been garnering attention. InQubeta, fueled by QUBE token, is a crowdfunding project geared towards AI start-up investments. Let’s delve further to understand why traders are pointing to this new ICO.

In a significant crypto heist, an unknown individual has reportedly lost access to a staggering $24 million worth of crypto from their Ethereum wallet.

Apple has endorsed a California Senate bill that would require large companies to report the levels of greenhouse gases they emit every year, the senator proposing the measure said, making it the latest major company to do so. «Throughout our environmental journey, we've emphasized the importance of measurement and reporting to help us understand our impact,» said the letter, signed by Apple's director for state and local government affairs D. Michael Foulkes, a copy of which Senator Scott Wiener posted on Thursday to X, formerly known as Twitter.

airport. According to media reports, the G20 leaders will be treated to an exquisite Indian vegetarian platter with delicacies from across the country.

It may seem on first blush that Canada has taken a number of steps to protect its businesses in the past few years, given it has restricted Chinese companies from investing in this country’s critical minerals sector and introduced cybersecurity bills to protect critical infrastructure.

South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance.

Dunzo has further delayed paying August salaries to a number of employees, after having earlier promised to clear them by the end of this week. Founder and chief executive Kabeer Biswas told employees that the pending August salaries would be paid next Tuesday or Wednesday, in an unplanned video call with the company staff earlier today. Biswas said that the firm had received «some funds» that had helped it clear August salaries for some employees, but the payouts were delayed for the rest of the staff due to «procedural requirements», according to people in the know of the matter.

G20 Summit, Prime Minister Narendra Modi on Friday held talks with his Bangladeshi counterpart Sheikh Hasina on diversifying bilateral cooperation and discussed issues such as connectivity and commercial linkages. In a post on his second bilateral of the day after holding talks with Mauritian Prime Minister Pravind Jugnauth, Modi said he had «productive deliberations» with PM Sheikh Hasina. «The progress in India-Bangladesh relations in the last 9 years has been very gladdening.

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on Friday, citing sources. The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.

India (RBI) on Friday said the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 5,923 per gram and will open for subscription from September 11. «The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)… works out to Rs 5,923 per gram of gold,» it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche). The government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to investors applying online and making the payment against the application through digital mode. For such investors, the issue price of gold bond will be Rs 5,873 per gram, it said. The issue will be open from September 11-15, according to the statement. The bonds will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges — the NSE and the BSE. The scheme was launched in November 2015 to reduce the demand for physical gold and shift a part of domestic savings — used for the purchase of gold — into financial savings. The price of the bond is fixed in Indian rupees on the basis of simple average closing price of gold of 999 purity, published by the India Bullion and Jewellers' Association Ltd for the last 3 working days of the week preceding the subscription period. The bonds are denominated in multiples of gram(s) of gold with a basic unit of 1 gram.

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labour market. Online gig work presents a dual-sided scenario for governments and workers alike.