Digital Financial News

leadership in the G20 and extended their best wishes. They also congratulated India on the successful Chandrayaan-3 mission. Kumar mentioned that PM Modi engaged in comprehensive discussions, covering various areas such as connectivity, maritime cooperation, digital transformation, trade and the economy, environment, health, and traditional medicine.

trade marks on Google's AdWords Program by other entities. Justice Navin Chawla, while dealing with Policybazaar's plea against the alleged use of its trademark by Coverfox Insurance Broking Pvt Ltd and Acko General Insurance Ltd on the Adwords Program, said prima facie no case of infringement was made out. Plaintiff Policybazaar, in its lawsuits against Coverfox and Acko, claimed that the defendant companies were using key words identical to the «Policybazaar» marks like «Policy Bazaar», «PolicyBazaar» and «Policy Bazar» with the intent of diverting business from its website by causing confusion.

«We see a lot of value opportunities that Nazara can move into in the eSports and core gaming IP spaces, so we definitely look at deploying some of these funds in those areas,» says Nitish Mittersain, Nazara Technologies.We understand that there has been a preferential allotment and you have managed to raise further funds. But first let me get the clarification this is in addition to the investment that we heard just three days ago when almost hundred crores was raised, right. This is additional to that? So the total amount of the preferential shares that are placed is a hundred crores plus which we announced on Monday and to Nikhil Kamath and 410 crores to SBI Mutual Funds so the total amount placed in this PREF is 510 crores on an aggregated basis.Okay so you have raised around 510 crores through these investors of course the Kamath Associates as well as SBI Mutual Funds but what is the utilisation of funds, why are you looking at raising that money, what is the deployment plan? Yes, we have multiple use cases of the funds as you have already put out in our intimation and press release but strategic M&A is one area that we will shortly look at doing. We see a lot of attractive opportunities for the company and besides that funds for organic growth, for working capital etc. so it is going to be multiple use cases of these funds but strategic M&A has always been important for us.

Woolworths Group’s near $500 million expansion into media by selling targeted advertising to its suppliers is at risk in the government’s privacy review, which wants to let Australians opt out of targeting and personalisation.

Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.

Bajaj Finance share price declined over a per cent in intraday trade on Thursday. The stock opened at ₹7,383.65 against the previous close of ₹7,383.65 and fell 1.07 per cent to the intraday low of ₹7,304.80 on BSE. Bajaj Finance's share price has gained 12 per cent this year so far (as of September 6 close).

digital banking experience, Airtel Payments Bank announced that it would enable Face Authentication-based savings bank account opening for customers on the Airtel Thanks App. The facility which will go live by the end of the year 2023 will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country.

Modi left for home on Thursday after wrapping up a short but fruitful and productive visit to Indonesia to attend the ASEAN-India and East Asia summits during which he reaffirmed India's strong ties with the countries in the strategically key region. The prime minister arrived in the Indonesian capital, Jakarta, in the morning. «PM @narendramodi concludes his visit to Indonesia, forging stronger partnerships with ASEAN and EAS partners,» the Ministry of External Affairs posted on X. «Had a very short but fruitful Indonesia visit, where I met ASEAN and other leaders.

draft guidelines for prevention and regulation of «dark patterns» which are nothing but tactics used by online players to deceive customers or manipulate their choices. The draft guidelines, issued by the Consumer Affairs Ministry, list various deceptive practices being adopted by online platforms in the nature of dark patterns which are against the interests of consumers. The ministry has sought public comments/suggestions on the draft guidelines within 30 days till October 5, an official statement said.

Probal Sen, V-P, Equity Reearch, ICICI Securities, says “higher demand from gas fired power would definitely drive prospects for Petronet, GAIL, as well as GSPL. As far as the CGDs is concerned, there was a little bit of a correction post the first quarter results across the board. Specifically, if I look at IGL and MGL, post the first quarter results. I think that confidence is coming back. That is why LNG prices continue to be in a fairly limited range, European inventory remains very comfortable so there is very little chance of additional buying coming through from that continent for LNG cargoes.”China is not coming back the way everybody expected. Europe is still in a disarray. The US economic growth is uneven and crude prices are up. Historically, crude is a function of demand or supply. Both are balancing each other yet crude prices have gone from $75 to $90. Why?I would not quite say that demand and supply are that balanced.

The company’s board approved the issue of 5.7 million equity shares at 714 per share to SBI Mutual Fund. The funds will be invested via three schemes of SBI Mutual Fund, which are SBI Multicap Fund, SBI Magnum Global Fund, and SBI Technology Opportunities Fund.

upskilling opportunities that match specific requirements and this presents an opportunity to add over one hundred million people to the workforce, increase the GDP and propel the Indian economy towards $4 trillion, according to a report. These findings were recently shared by Omidyar Network India (ONI) in its report, The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion, with Redseer. The report explores the opportunity of skilling and employing a vast group of people who are entering the workforce in diverse ways. This comes at a critical time when India is already home to a steadily growing work-ready population that is expected to increase till 2049, given our demographic dividend. Meanwhile, our workforce participation is still low at 46%, and especially low for women at 27%. This makes it clear that opportunities for work and skilling for those opportunities need to work hand in hand. The report drills down into a subsegment of the workforce market that it estimates to be about 580 million. The report suggests that the skilling solutions need to be granular to really benefit these different personas and their needs. Of these diverse personas, it highlights the potential demand for upskilling for about 230 million people who are in search of better jobs. These include, according to the report’s definition:

₹4-4.5 lakh in India, it will compete with rivals like KTM RC 390 and Kawasaki Ninja 400. The bike boasts a sharp design, split-LED headlights, TFT instrument panel, and advanced features like ride-by-wire and traction control. This highly anticipated model will be manufactured in India and cater to both domestic and international markets.

SUV alongside its iconic sedan, marking the first use of the "Century" nameplate for an SUV. This luxury flagship model boasts a distinctive design, spacious interior with advanced features, and a hybrid powertrain delivering 406 BHP and an impressive 69 km all-electric range. The SUV shares LED-infused headlamps with its sedan counterpart, accompanied by a front grille proudly featuring the iconic "Phoenix emblem" at its center.

UPI (Unified Payments Interface) applications. Mahindra shared the video on the X platform (formerly Twitter) and called the technology dazzling. As per Mahindra's post, the UPI-based ATM was showcased at the recently held Global Fintech Fest in Mumbai.

ethos. Here, consumers encompass not just individual end-users, but also entire nations actively participating in the complex web of global trade and consumption of goods and services. His assertion that businesses genuinely prioritise consumer well-being can mitigate the need for stringent consumer rights advocacy and offer a fresh perspective to address this lapse in the G20 India agenda.

In the volatile world of cryptocurrency, Bitcoin continues to hold its ground as the foremost digital asset, despite facing a considerable dip recently. 

Indian equity market has witnessed several upswings in recent years, but the current rally is particularly noteworthy for its strength and breadth. Though inflation concerns and risk aversion due to Fitch’s downgrade of US credit rating may have led to some sobering of sentiments in the India Equity, the long-term growth prospects look intact. If we look at the broader macro backdrop in the past cycle, there are notable differences between the current rally vs the pre-covid times — that is, 2013-2018 (especially in mid/small category). The current rally is positively different from the previous rally in the 2013-18 period in several ways.