Digital Financial News

Gati Ltd., part of the Allcargo Group and a logistics and supply chain solutions provider, has partnered with Tech Mahindra to develop Gati Enterprise Management System (GEMS) 2.0. Gati's core operational software system, GEMS 2.0, aims to offer an enhanced customer experience and a modern tech-driven interface while increasing efficiency and lowering costs.

Paytm,on MOnday announced the launch of Card Soundbox.The company in a statement said that empowers merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks through its iconic Soundbox with ‘tap and pay’ that will help merchants scale their business. With Paytm Card Soundbox, the company solves two problems for merchants — accepting card payments along with getting instant audio alerts for all payments. The launch of Paytm’s unique device will transform in-store payments by expanding payment acceptance for merchants by combining Soundbox with NFC or contactless debit and credit card payments with mobile payments.

The Digital Dollar Project is the brainchild of former CFTC chair Chris Giancarlo, ex-CFTC chief innovation officer Daniel Gorfine and Pure Storage CEO Charles Giancarlo, who have set up a not-for-profit to encourage research and public discussion about a CBDC.The project worked with Western Union, BDO Unibank in the Philippines, and Accenture on the latest pilot, designing and configuring a platform using DLT to simulate the payments infrastructure necessary to transfer digital dollars to Philippine pesos. The partners say that they saw reduced counterparty and credit risk thanks to instant settlement.

Murray Roos, head of capital markets at the LSE Group, told the FT the firm had decided to push forward with the project after 12-months of internal debate on the potential for a blockchain-powered trading venture.The UK exchange is reportedly mulling a sepearate entity for the new venture and is now engaged in conversations with the UK government and regulators on the idea.Ross stressed that the project does not involve cryptocurrencies and only uses the blockchain technology underpinning the digital assets to make buying, selling and holding of traditional assets more efficient."The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent . . . and to have it regulated," Roos said.

G20 Sherpa Amitabh Kant has underscored the «unique Indian narrative,» India has set during its presidency of the G20 Summit, saying India «truly emerged as the voice of the Global South». In a short video message, shared on X, by the official handle of India's G20 Presidency, Kant said, «So India has built a unique Indian narrative during its G20 presidency.» «India has truly emerged as the voice of the Global South during its G20 presidency and this is the first time that four emerging markets, one after another Indonesia, India, Brazil, and South Africa will hold the G20 presidency and therefore it gives a very massive opportunity to bring all the critical issues of developing countries centre stage, as India has done, and carry them vigorously forward for implementation,» said Kant in the short video message. In the video, India's G20 Sherpa highlighted the issues India focused on during its presidency of the summit like digital public infrastructure, principles of lifestyle for sustainability, traditional medicine, millets, global biofuel and many more. He also mentioned how India, in contrast to other countries, has organised different meetings of the G20 Summit in different states and cities. However, according to Kant, one of the biggest achievements of India's presidency was its focus on women empowerment and gender equality. Kant said that among India's most critical ones was its focus on digital public infrastructure. «Then there's been a lot of focus on traditional medicine.

«We stabilised our opex infrastructure to deliver almost Rs 500-600 crore a month and our capacity is much larger but this is where we want to remain stable for at least first three quarters of the year and we are doing that,» says Shachindra Nath, UGRO Capital.Well, we have been seeing stellar numbers from you in the last many quarters but talk to us about how Q2 is panning out in terms of the disbursement momentum, in terms of the demand on the ground.We stabilised our opex infrastructure to deliver almost Rs 500-600 crore a month and our capacity is much larger but this is where we want to remain stable for at least first three quarters of the year and we are doing that. So, I think that this quarter is panning out to be exactly similar as the last Q1 for us.

Amidst a swirl of speculation and anticipation, Bitcoin is showing modest gains, trading at $26,028, reflecting a nearly 1% rise as of Monday. Cathie Wood, a notable figure in the investment realm, expresses her bullish stance on the impending merger of Bitcoin with Artificial Intelligence. 

blockchain technology known for powering cryptocurrency, the Financial Times reported. The company had been examining the potential for a blockchain-powered trading venue for around a year and reached an «inflection point» where it decided to take plans forward, Murray Roos, head of capital markets at the LSE Group, told FT in an interview.

phishing, can have serious consequences, impacting personal information and causing disruptions. In the realm of these digital dangers, one method stands out for its sheer deviousness and deceitfulness — social engineering. Unlike other cyber threats that exploit software or hardware vulnerabilities, social engineering targets the very essence of human psychology.

Digant Haria, Co-Founder, GreenEdge Wealth, says “a lot of commodities cannot do well without China doing well because it is the largest importer, largest consumer of maybe 20-25 different kinds of metals and commodities. The US is trying to re-industrialize itself. Europe has no other choice but to come out with an industrialization policy of its own. Plus, there is transition to renewable energy like wind and solar. All of this is going to be metal heavy.”What is happening in metal stocks? China is not picking up but prices are going higher. Everybody is now of the view that the US economy will pick up. There is no recession. There is no soft landing. In fact, there is no landing at all and prices of steel or copper have gone higher in the last couple of weeks. Is it a good time to be a contra and buy into metal stocks?Absolutely.

Digant Haria, Co-Founder, GreenEdge Wealth, says “the whole rural recovery theme and the recovery of the entry level segments gets pushed away till next year. Unfortunately, we will see more of the same in the next few quarters as well. And yes, Maruti is gaining back its lost market share in the hatchback and the premium segments. This particular segment in the auto space should do well –premium cars and premium scooters.”How are minority shareholders going to react to Uday Kotak stepping down because Kotak Bank has really been an underperformer of late?This has been a discussion point since the last six-seven months that Uday's term will expire in December and who next and what next. It is not just that it is a total surprise; it was somewhat expected that he would have had to step down. The bigger question would be that the brand Kotak and Uday were just one and now with Uday stepping down and professional management taking over, whether it is an internal candidate that is selected by the RBI or whether RBI tells them to have an external candidate to maintain independence, it will be a more important decision that will drive the stock in the near term.

«Now to a large extent that has played out. So what we did just about two months back is we sort of reasserted our positive call, but then started to say that the broader markets will continue to do well while the index perhaps will just float around the range,» says Venugopal Garre, MD, Bernstein.The markets have done very well for themselves. What is next because some would argue and say that all the triggers in terms of macro, micro, inflation, crude prices, earnings, everything is played out, what is next which will propel the markets higher?Yes, this is the most important question to answer now. I guess the call earlier this year was fairly easy. In fact, my own journey has been, as we discussed earlier, was that I upgraded the market in the first week of April to a buy and after being underweight for the first quarter of the year. Now there were, of course, a lot of factors which drove that call of ours at that point of time especially centred around the bottoming of the economy. Now to a large extent that has played out. So what we did just about two months back is we sort of reasserted our positive call, but then started to say that the broader markets will continue to do well while the index perhaps will just float around the range.

G20 Summit 2023: At the venue of the G20 Summit, heritages of 29 countries will be showcased, including the Mona Lisa and a copy of the 13th-century Magna Carta. According to the Ministry of Culture, the second level of Bharat Mandapam, G20 Summit's main room, will host an exhibition comprising showpiece artwork from all 29-nation participants in both digital and physical form. Also read: G-20 Summit 2023: THESE metro stations to be completely shut between Sep 8-10 As part of the 'Culture Corridor – G20 Digital Museum', artifacts in physical and digital formats sourced from all G20 members and invited countries, will be exhibited on the same floor where the leaders' meetings will take place, and they will walk through this "cultural corridor" while moving into and out of the summit room.

International Cricket Stadium in Kandy. If you're planning to catch the action from the comfort of your home, tune into the Star Sports Network for live broadcast.

Wipro's daily chart shows the formation of a symmetrical triangle pattern, accompanied by lower trading volumes, suggesting a potential breakout in the near future, says Rupak De, Senior Technical analyst at LKP Securities. Besides Wipro, MMTC is his other stock idea for this week. Edited excerpts from an interview:August F&O rollover data shows FIIs decreased their net Long position by 31,000 contracts in August series. Nifty rollovers reduced month-on-month to 78%. What are the targets for the September series given the fact that there's little bullishness left as far as the headline indices are concerned?Nifty witnessed a rollover rate that was on par with the three-month average. Notably, the Cement sector and Realty sector stood out as the top two sectors where the rollover rate exceeded the three-month average rollover. Within the market, Dalmia Bharat, MCX, and Bharti Airtel were the top three stocks exhibiting the highest divergence in rollover rates compared to their respective averages. In the September series, the Nifty appears to be in a bullish trend as it has just crossed above the 21-day Exponential Moving Average (EMA) for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment.

Discover India's transformative Pradhan Mantri Vis... moreDiscover India's transformative Pradhan Mantri Vishwakarma Yojana, designed to uplift the traditional skills and crafts sector.

Sooryavansham: The Box Office Flop That Made Set M... moreSooryavansham: The Box Office Flop That Made Set Max Over 100 Crores It was a 1999 Bollywood film that was a box office flop.

Kotak Mahindra Bank: Uday Kotak on 1 September announced to step down as managing director and chief executive officer of Kotak Mahindra Bank, and with this, the baton was passed to Joint Managing Director at Kotak Mahindra Bank -- Dipak Gupta. Gupta will carry out the duties of the MD and CEO until 31 December, which is subject to the approval of the RBI and the members of the bank.

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.

India has been working on a CBDC for years, with the arguing that a digital rupee could reduce costs associated with physical cash management, boost financial inclusion, improve efficiency, and encourage innovation in cross-border payments.YES Bank is one of four lenders to have been picked by the RBI for an eRupee retail pilot, using a unique QR code mechanism for conducting transactions. Now, users can scan any UPI QR code through the YES Bank Digital Rupee app, expanding the CBDC's reach.