Digital Financial News

Reliance Entertainment, and Shemaroo Entertainment are now unlocking a treasure trove on YouTube despite the platform yielding 30% lower revenues compared to SVoD services. The strategy proves beneficial by offering monetization opportunities for older titles that may not find buyers, and also offer viewers a chance to revisit classics. For instance, titles such as Ready and Bhool Bhulaiyaa are on the T-Series YouTube channel, and Johnny Gaddaar is on Reliance Entertainment’s channel.

NEW DELHI : The G20 Leaders’ Summit in New Delhi later this week will discuss the building blocks for cryptocurrency regulations, while a paper authored by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) will offer nations a road map for regulating crypto assets, a person with direct knowledge of the matter said. India is seeking a consensus among G20 nations on crypto assets, the person said, adding that the government has prepared a presidential note on cryptocurrency, including a summary of the IMF and FSB reports.

Google to settle a lawsuit filed in 2021 over the tech giant's alleged monopolistic control of app distribution for the software that runs most of the world's cellphones. The agreement, cited in a court filing late Tuesday by both sides, is subject to approval by the state attorneys general and the board of directors of Google's parent company, the execution of an agreement and court approval.

Tornado Cash, a cryptocurrency platform under US sanctions, pleaded not guilty on Wednesday to federal charges he helped facilitate more than $1 billion in money laundering, including for a cybercrime group linked to North Korea's government. Roman Storm, a naturalized US citizen, entered his plea before US District Judge Katherine Polk Failla in Manhattan.

Alteryx Inc, a data analytics software company with a market value of $2.2 billion, has been working with an investment bank to explore a potential sale after attracting takeover interest, according to people familiar with the matter. Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale.

Finance and accounting departments globally are undergoing a digital transformation, aiming to streamline and automate processes, as highlighted in the 2023 ISG Provider Lens™ global Finance and Accounting Outsourcing (FAO) Services report. The push for digitalization was notably accelerated by the COVID-19 lockdowns, which necessitated a shift from traditional methods to accommodate remote work requirements.

Rising home prices have sent property values soaring over the past five years, and for some lucky buyers who snapped up homes in 2018, that’s amounted to hundreds of thousands of dollars in extra equity.

B2C2, a prominent crypto liquidity provider catering to institutional clients worldwide and a digital asset pioneer shaping the future ecosystem, has finalized its acquisition of Woorton, a leading European entity in market making and over-the-counter transactions for the digital asset sector.

Mawson Infrastructure Group Inc. (NASDAQ:MIGI), a leading figure in the digital infrastructure and Bitcoin mining landscape, has unveiled its unaudited business and operational update for July 2023.

Mumbai: Reserve Bank of India governor Shaktikanta Das on Wednesday asked fintech players to set up a self-regulatory organization within a year. Speaking at the Global Fintech Fest, Das said fintech companies need an effective self-regulatory structure. “They (fintech companies) need to evolve industry best practices, privacy and data protection norms in sync with the laws of the land, set standards to avoid mis-selling, promote ethical business practices, transparency of pricing, etc.

Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI) at the ongoing Global Fintech Festival here. One of the products is Hello! UPI that will enable users to make voice-enabled UPI payments via apps, telecom calls, and IoT devices in Hindi and English. It will soon be available in several other regional languages also.

By Supantha Mukherjee and Martin Coulter

alcohol industry has been thriving despite a streak of threats: the legalization of marijuana, a trade war with China that hampers US exports, the rise of the sober-curious movement. Now a new risk is here: weight loss drugs. Eli Lilly’s Mounjaro and Novo Nordisk’s Ozempic and Wegovy have gained popularity as a fast way to lose weight, thanks to celebrities such as Khloe Kardashian and Elon Musk.

online payments to its Investor Protection and Education Fund (IPEF). The use of online only mode has been made mandatory and the facility is now active under the tab «click here to make payment to Sebi IPEF» on the regulator's website. The move is aimed at streamlining the payment process and enhance accessibility for all the contributors to the fund.

Fintech to showcase what India has actually strived on and achieved from a growth standpoint, said Transaction Sales Chief at Standard Chartered Bank said on Wednesday. «We have 100-plus countries participating. This allows India to showcase not only the talent it has but also the technology and platform that it has been able to achieve at scale to solve the problems,» Sanjeev Mehta,MD, Head of Transaction Banking (TB) sales-Corporate, Commercial and Institutional Banking-South Asia at Standard Chartered Bank told in an exclusive interview. Further, he said, «Other countries can just take it and follow, for example, digital payment, India took the lead.

G20 Summit has provided India with an opportunity to showcase its diversity, legacy and digital public infrastructure, Chief Coordinator of India's G20 Presidency, Harsh Vardhan Shringla said on Wednesday. «G20 Summit is an opportunity to showcase our diversity, legacy and development, and we will fully utilize this opportunity. At the G20 venue, there will be 'Mother of Democracy' exhibition, cultural corridors, where we will present our cutting-edge technologies, especially our digital public infrastructure.

Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year. Digital World Acquisition Corp., a special-purpose acquisition company, or SPAC, had a Friday deadline to complete its acquisition of, or merger with, Truth Social parent Trump Media & Technology Group. Digital World shareholders, who have agreed to extend the deadline four times already, agreed to do so again this week with about 72% of shareholders voting to push the merger deadline until Sept. 8, 2024, according to the company. A merger would release to Trump Media $290 million held by Digital World and another $1 billion that private investors had committed to the combined company.

reality blending elements of social media, online gaming, augmented reality, and virtual reality, offers an immersive temple experience. Devotees can explore the sacred premises, including the auditorium and guest rooms, while adorned in traditional attire – kurta and dhoti for men and saree for women. Moreover, they have the convenience of ordering 'prasad' from digital restaurants within the metaverse.

WeWork said on Wednesday it has started off a process of global engagement with its landlords to renegotiate nearly all its leases. The SoftBank-backed company said it sought to negotiate favorable terms with the landlords and plans to exit unfit, underperforming locations in order to reinvest in its other assets.

NPCI), which operates the Unified Payments Interface (UPI) network, has launched new products to ensure more digital inclusivity of the payment service, even as it aims to scale the infrastructure to 100 billion monthly transactions. The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.

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