Digital Financial News

Amazon.com Inc. has added three executives to Chief Executive Officer Andy Jassy’s senior leadership team, two from the cloud-computing unit and one who leads the company’s robotaxi subsidiary. Dave Brown, Aicha Evans and Swami Sivasubramanian are joining what Amazon calls the S-team, Jassy said in a note to employees on Friday, which was also posted on the company’s corporate blog.

Allahabad High Court has held that the recorded phone conversation is an admissible piece of evidence and it cannot be discarded even if it is obtained illegally.«The communication between the mobile phones of two accused persons when recorded on a digital voice recorder after putting the call on speaker will not amount to interception,» the bench said. The bench of Justice Subhash Vidyarthi passed the verdict on a revision plea moved by the former CEO of Fatehgarh Cantonment Board, Mahant Prasad Ram Tripathi. The trial court had rejected the petitioner's discharge application seeking clean chit in a bribery case. The petitioner had approached the HC against the trial court's order saying that the entire case was based on recording of phone conversation which was obtained illegally. Rejecting the petitioner's revision plea, the bench observed, «Whether the telephonic conversation between the two accused persons was intercepted or not and whether it was done legally or not — this would not affect the admissibility of the recorded conversation in evidence against the petitioner.» «The law is clear that evidence cannot be refused to be admitted by the court on the ground that it had been obtained illegally,» the bench said. The petitioner was accused of seeking a Rs 1.65 lakh bribe through a member of the Cantt Board.

India for the world. Top CEOs of these firms talk about how the country is becoming an important part of the research, which will drive this disruptive force in the future.AI will bring more talent into creative fields: Adobe Adobe Inc’s India teams are helping build the next-gen AI-ready solutions for the company, said CEO Shantanu Narayen. He added that the company is driving development of several global products from India. “There’s this recently-released feature called Generative Recolor — think about text, you identify a text and you want to get a prompt or a vector to start your creative process — all of that development is happening here, right here in the Noida office,” he explained.

India manufacturing foray is being closely watched, India’s ambition to be on the global EV manufacturing map is palpable. While every state wants a piece of the EV pie, there is one that has had its eyes firmly set on the space for a while — Tamil Nadu. Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.

Following its take-off at noon from the spaceport at the Satish Dhawan Space Centre in Sriharikota, the satellite successfully separated from the launch vehicle a while later. Soon after, Isro chief S Somanath confirmed that the satellite had been “injected in an elliptical orbit and is on its way to the Sun on its four-month long journey”.

WWE Smackdown in Hershey, John Cena made a grand entrance to a roaring ovation from the crowd. The former 16-time WWE World Champion, known for his charisma and in-ring prowess, has exciting news for wrestling fans. Cena himself has confirmed his presence as the host of WWE Payback, an announcement that left fans buzzing with anticipation. But hosting a WWE event is a role he openly admitted he isn't accustomed to. During his Smackdown promo, Cena took a moment to express his heartfelt gratitude to the WWE Universe. He acknowledged the unwavering love and support he has received from fans over the last two decades, emphasizing his intention to reciprocate the goodwill by saying «thank you» in his own way throughout his appearances.

The INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, has announced the successful conclusion of its initial investment phase with OpenDeal Inc., also known as Republic. This development comes as part of the Subscription Agreement dated June 15, 2023, between the two entities. Republic, a renowned global financial firm, has acquired 9.5% of INX's shares with an investment of US$5.25 million, reflecting a pre-money valuation for INX of approximately US$50 million.

U.S. Securities and Exchange Commission (SEC) is reportedly gearing up to approve several exchange-traded funds (ETFs) tracking Ethereum futures concurrently. This move signifies a potential shift in the regulatory stance towards digital asset-based ETFs.

Cryptocurrency exchange Gemini has filed a reply brief in response to a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The lawsuit, which is being heard in the U.S. District Court for the Southern District of New York, alleges that Gemini's service, Gemini Earn, violated securities regulations by offering «unregistered securities.»

Elon Musk, the CEO of Tesla and SpaceX, publicly endorsed Vivek Ramaswamy, the emerging United States Republican presidential candidate. On August 18, 2023, Musk responded to a post by Tucker Carlson on Twitter, stating, «He is a very promising candidate.» Carlson's original tweet even highlighted Ramaswamy as the «youngest Republican presidential candidate ever» and emphasized his significance in the current political landscape.

Globalstar has bought launches from Elon Musk-run SpaceX worth $64 million.Apple is reimbursing Globalstar for 95 per cent of the capital expenditures related to the satellites, including the launch costs, reports TechCrunch, citing regulatory filings.

G20 Summit in Delhi. The statue symbolises Lord Shiva as the 'lord of dance' and his cosmic power of creation and destruction. "We are installing the tallest-ever statue of Nataraja, in the campus of Bharat Mandapam, the venue of the G20 Summit," PTI reported quoting a source.

Mint takes a close look Incomes of corporations and individuals show divergent trends. Data from the Controller General of Accounts (CGA) show that Centre’s revenue from corporate tax collection remains a tad weak so far this fiscal compared to what was collected in the same time a year ago. At the end of July, corporate tax collection of ₹1.76 trillion lagged behind what was collected in the same time a year ago by over 10%.

Lower rain caused by the onslaught of El Nino and Madden-Julian Oscillation (MJO) will likely have an impact on the sowing of rabi crops and the arrival of kharif crops, Anuj Gupta, Head Commodity & Currency at HDFC Securities tells ETMarkets. The production hit could be between 5% and 10% with an adverse bearing on Rabi crops like wheat, pulses, rice, RMSeed and onion, he adds. Edited excerpts:What impact do you see on agri produce with August turning out to be acutely rain deficit and warmest month?Lower rain caused by the onslaught of El Nino and Madden-Julian Oscillation (MJO) will likely have an impact on the sowing of Rabi crops and the arrival of Kharif crops. As for the concerns on the production side, 5% to 10% of the crop may be impacted due to this. This will have a direct bearing on farm incomes, inflation and the overall Indian economy. If the rain deficit continues, we will likely see further declines in production on agri commodities.Give us a sense of commodities that are likely to be impacted most and what will be the scale of impact?We noticed a rain deficit in August and this will likely have an adverse bearing on Rabi crops like wheat, pulses and RMSeed. It may also have an impact on the arrival of kharif crops like rice, guar, cotton, and pulses as well.

annual life certificate, or Jeevan Pramaan Patra, is required to be filed by November 30, 2022, for individuals receiving government pensions. A pensioner can submit their yearly life certificate in six different methods.

postpaid segment, Vodafone Idea has rejigged its postpaid plan structure with a feature called Vi Max which allows the customers choose the benefits they want with their plan. The new plans are available as individual and family plans with the choice of benefits across four major segments – entertainment, food, travel, and mobile security, the cash-strapped telco said in a statement Saturday. “Vi Max is not only about connectivity but also designed with an intent to empower our valued customers to determine the features that are most useful for an optimal experience as well as value for money,” Avneesh Khosla, chief marketing officer, Vi said in the statement. All plans will continue to offer use of Vi’s content features like Vi Games, Vi Music, Vi Jobs & Education, Vi Movies & TV, in addition to features like ‘set your own limit’ which allows users to set the credit limit on their account, and priority customer service. Vi’s partners for these benefits include Amazon Prime, Disney+Hotstar, SonyLiv, and SunNXT in entertainment, EazyDiner in the food category, EaseMyTrip and MakeMyTrip in the travel category, Norton Anti-Virus in the security category. Since mobile usage patterns differ from person to person as per their requirement, choice allows the users the ability to choose their preferred benefits across the four segments, the telco said in a media statement. So far, telcos have offered higher priced postpaid plans with multiple benefits across OTT content platforms and subscriptions to digital services, but they have been pre-bundled with no choice in choosing the benefit to avail. The number of benefits customers can choose from while using Vi Max depends on the price of the plan.

digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.