Digital Financial News

Ather Energy on Wednesday said it had secured Rs 900 crore in funding from two-wheeler major Hero MotoCorp and Singaporean sovereign wealth fund GIC. Both investors are existing shareholders in Ather, with Hero MotoCorp already owning a 34.2% stake in the firm prior to the latest investment. Hero is also Ather’s largest shareholder, according to data from Tracxn.

By YP Rajesh

Watchvestor (WVTR) is also attracting investors with massive promises. Watchvestor is the first blockchain-based platform where all types of luxurious watches are sold, bought, and traded. Since the costs are high up to $100,000 dollars to purchase real luxury watches physically, Watchvestor will make it affordable for every crypto enthusiast.

finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier, under the definition of beneficial owners.

GST law to tax online gaming, casinos and racecourse at 28% rate as the state cabinet is expected to consider a draft Ordinance on Thursday. The Finance department has moved the subject to the Cabinet for consideration, senior officials confirmed. The Haryana Assembly too, last month, amended the law, taking the lead.

Reserve Bank of India wants the fledgling fintech sector to build its own self-regulatory organisation. The industry should form an SRO and the regulator is open to engaging with such an organisation, RBI Governor Shaktikanta Das said at the Global Fintech Festival 2023 today. Addressing the same event on Tuesday, RBI Deputy Governor T Rabi Sankar had highlighted the need for self-regulation as well.

New Delhi (India), September 2: In an era where healthcare costs are rising and chronic diseases are prevalent with 250 million chronic patients in India, insurance companies are redefining their roles beyond mere financial protection. Traditionally, insurance companies have primarily focused on reimbursing medical expenses incurred after illness or injury.

Everlodge has four important parts: Marketplace, Launchpad, Lending, and Rewards. Firstly, the Marketplace will let people trade parts of vacation homes using special digital items called NFTs. Secondly, the Launchpad will help people, who build homes, get money from the community.

Digital payment transactions in India is more than the other four leading countries combined. In digital payments, India has been witnessing new milestones, in both value and volume terms, which indicate the robustness of India's payment ecosystem and acceptance, as per RBI experts.

Narendra Modi on Wednesday spelt out a set of dos and don'ts to be observed by ministers during the two-day event to ensure that the visiting dignitaries are not put to any inconvenience, sources said to news agency PTI. The ministers have been asked to ditch their official vehicles and use the shuttle service to reach the Bharat Mandapam and other venues of various meetings.

IBM on Wednesday renewed its research collaboration with Indian Institute of Technology (IIT), Bombay and Indian Institute of Science (IISc), Bangalore to transform and drive breakthrough innovations in the field of hybrid cloud and artificial intelligence (AI). IIT Bombay joined the IBM AI Horizon Network in 2018 to advance AI research in India, and in 2021, IBM and IISc Bangalore launched the IBM-IISc Hybrid Cloud lab to advance research in hybrid cloud technologies and drive breakthrough innovations in this area.

FIST or Framework for Integrity, Security and Trust. The initiative is a collaboration between industry and nonprofits like InMobi, CyberPeace, USI, and NIHIT. According to a statement, FIST was launched at the recently held Global CyberPeace Summit to make the internet more open, accessible, transparent, safe, and secure.

The European Commission on Wednesday said it designated six tech giants as «gatekeepers» under its new Digital Markets Act — a strict set of rules that could shake up the business models of large digital platforms.

ethos exemplified perfectly by Ed-a-Mamma and its founder Alia Bhatt. With sustainability as its core proposition the brand has garnered acclaim for its meticulous attention to detail, using ethically sourced materials and eco-conscious production processes.

As the new academic year gets underway, a new report reveals a gender gap among the most lucrative degrees.

soundbar subwoofers available along with a peek at their features. We will also discuss what sets every product apart and what are the things you should be aware of while investing in a soundbar subwoofer. We'll dive deep into innovative technology and chic aesthetics that set these subwoofers apart.

G20 summit. The G20 presidency note by India underlines some concerns and calls for a common global road map for minimum policy standards for VDAs. Therefore, it is important to understand how other countries have addressed VDAs.

growth potential. The data was sourced from StockEdge at 2.35 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. United SpiritsUnited Spirits, a prominent player in the alcoholic beverage industry, marked a new 52-week high at Rs 1068.95.2. MaricoMarico, a renowned name in the consumer goods and personal care sector, surged to a new 52-week high at Rs 588.3. TVS Motor CompanyTVS Motor Company, a leading player in the automotive industry, reached a 52-week high at Rs 1484.05.4. Oil & Natural Gas Corporation (ONGC)Oil & Natural Gas Corporation, a vital entity in the energy sector, achieved a new 52-week high at Rs 186.75.5. HCL TechnologiesHCL Technologies, a top-tier IT services and consulting company, surged to a new 52-week high at Rs 1242.4.6. LTIMindtreeLTIMindtree, a leading IT and digital transformation services provider, marked an impressive 52-week high at Rs 5480.4. (Disclaimer: This is an AI-generated article.

ABB India and Tata Steel have partnered to jointly work on technologies for reducing the carbon footprint of steel production. The steelmaker has a medium-term target to reduce carbon emissions to less than two tonnes of Co2 per tonne of crude steel in its Indian operations by 2025, ABB India said in a statement. «Tata Steel Ltd and ABB India have signed Memorandum of Understanding (MoU) for a project and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production,» the statement said. Under the MoU, the two companies will focus on system-level assessments of Tata Steel's manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and circularity. ABB and Tata Steel will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction as well as substitution through fully integrated electrification and digital systems.

Meta Platforms can be fined for breaching users' privacy, a Norwegian court ruled on Wednesday, stopping an attempt by the owner of Facebook and Instagram to halt a fine imposed by the Nordic country's data regulator. Meta has been fined one million crowns ($93,200) per day since Aug. 14 for harvesting user data and using it to target advertising at them.

Varun Lohchab, Head of Research- Institutional Equities, HDFC Securities, says “Axis Bank, ICICI Bank, Chola, LTI, Mindtree, Persistent are the top picks within banking and IT pack which still look reasonably valued and within the capex theme there are a lot of ideas as well.” Lohchab also says: “A lot of the stocks are looking expensive from a next 12-month perspective and that is why one needs to have more moderate return expectations in some of those preferred themes. Some names like Cummins, NCC, Sobha Developers, DLF, NTPC among the power utilities and CESC are some of the ideas where as a house we are still positive and we have them as part of our modern portfolio.”Let us begin by discussing the market momentum. What is your near-term as well as medium-term outlook on the market?Near-term, markets are looking fully valued, which has been our call for the last two-three months after this rally to almost 20,000 levels on Nifty. From here on, over the next six-nine months, upsides at the index level look fairly limited. That is why the action has shifted a lot to smallcaps and midcaps. Definitely, at the beginning of the year, they were looking more attractive than the largecaps, which was our call.