Digital Financial News

Top 100 ranked blockchain Eos (EOS) has pumped +5% in the aftermath of news that the digital asset has been approved for trading by Japan's Virtual and Crypto Asset Exchange Association (JVCEA), with markets going live in mid-September.

Digital Commerce (ONDC) is set to disrupt digital commerce in the B2B space, especially in the retail, financial services, manufacturing and agricultural sectors, as per a report by Deloitte. ONDC, a government initiative, aims to create an interoperable marketplace for small and medium-scale sellers and democratising the ecommerce market. The buyer and seller can be on different platforms and still trade as long as their platforms are on the ONDC network. Commenting on the report, Sathish Gopalaiah, president, consulting, Deloitte South Asia, said that India's upcoming growth phase will be marked by empowered consumers and small and medium-sized enterprises (SME), which aligns with ONDO's goals. “With a unique proposition built around agility, security and profitability at the same time, ONDC streamlines value chains, bridges gaps and endorses innovation, paving the way for the next generation to explore novel paths,” he said. Currently, ecommerce contributes to 4.3% of the retail commerce sector and ONDC is expected to boost the sector, especially in manufacturing, agriculture and financial services. ONDC paves the way for brands to connect with retailers and help distributors find new markets.

Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten monetary policy further, even with inflation running far above target.

Indo-US task force for electronics has been set up to elevate trade in the segment between the two nations to $100 billion over the next decade, the India Cellular and Electronics Association (ICEA) said Thursday. The task force will work towards boosting trade, fostering innovation, creating jobs, and achieving seamless integration with the global tech ecosystem, it added. “Having a vibrant ecosystem that is part of a global supply chain is imperative. I envision a business relationship between India and the US that is built on a foundation of trust and partnership,” RS Sharma, chief mentor of ICEA, and chair of the Indo-US Task Force for Electronics, said after the task force’s inaugural meeting in New Delhi. The task force will also look to further the strategic partnership between India and U.S.

₹5963 crore. It will pay ₹3101 crore for digital rights which is ₹35.23 per match and for TV, it will pay ₹2862 or 32.52 crore per match.

As Donald Trump continues to dominate headlines, and meme coin markets haven't skipped a beat as a new Trump (MAGA) meme coin surges +20,000% on-chain.

Viacom18 has won BCCI media rights for Rs 67.8 crore per match h outbidding Sony Pictures Networks India and Disney Star, sources tell Economic Times. The total value of the deal is Rs 5966 crore, sources added. The e-auction for the bilateral cricket media rights was held today. As per the tender released by the BCCI on August 2, the board had set a base price of Rs 20 crore per match for Package A, which comprises the TV rights for the Indian subcontinent. Package B, which includes global digital rights and the rest of the world TV rights, had a base price of Rs 25 crore per match. The media rights tender was floated for five years (2023-28), covering 88 matches. At Rs 45 crore per match, the overall base price worked out to Rs 3,960 crore. While lowering the base price, the BCCI has set a threshold of Rs 60 crore per match, or Rs 5,280 crore for the 88 matches.

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Mohammad Sameer, alias Maya, the leader of the Maya gang, who watched 'Shootout at Lokhandwala' on TV. He really liked the character named 'Maya', played by Vivek Oberoi. This inspired him to create a group called 'Maya Gang', and he started calling himself 'Maya bhai'.

# What measures do drug manufacturers & retailers have to take now? A drug manufacturer will have to issue a price list to NPPA through Integrated Pharmaceutical Database Management System (IPDMS) and submit a copy to State Drug Controller and dealers. Every retailer and dealer shall display the price list as furnished by the manufacturer at his business premises in a manner easily accessible to any person wishing to consult the same.

Close to the heels of the upcoming festive season, InMobi, a provider of marketing and monetisation technologies, has unveiled key insights from its annual festive trends report. The Marketer’s Guide to the Festive Season 2023 for India delves into the mushrooming trends in buying behavior during the festive period, highlighting their potential to mold digital marketing strategies for brands.

Driven by rising concerns about investor protection in this digital age, the Securities and Exchange Board of India (SEBI) has released the much-awaited consultation paper on the association of SEBI registered intermediaries/ regulated entities with unregistered entities including ‘finfluencers’.

Treasury is considering banning “screen scraping” of financial data from bank accounts, a move that could force data sharing across the financial services sector into the alternative open banking regime.

Bitcoin maintained a trading level of $27,280 on Thursday, experiencing a slight decrease of less than 1%. The market's momentum shifted due to a favorable judgment in Grayscale Investments' Bitcoin ETF lawsuit against the US Securities and Exchange Commission (SEC). 

ITR) filing is the most crucial one. After the filing is done, the next step is ITR verification. While the last day to file ITR without penalty ended on July 31, taxpayers have a one-month window to verify their forms from the date of filing it.

Three visual artists are suing artificial intelligence image-generators to protect their copyrights and careers

Garena on Thursday announced the relaunch of Free Fire India, an Indian version of its popular battle royale game Free Fire, over a year and a half after it was blocked. The Sea Ltd-owned game has been relaunched just a few months after the most popular game in the Indian esports ecosystem, Krafton’s Battlegrounds Mobile India (BGMI), returned from a government block on a three-month trial basis late in May. BGMI had roughly 100 million registered users in the country pre-block. Free Fire, a battle royale game where multiple players fight each other in a set location to “survive”, was one of the most popular online games in India before it was blocked, according to executives in the gaming industry. Garena is employing servers run by Yotta, a unit of the Hiranandani group, to provide cloud hosting and data storage services, the firm said in a statement.

optical fibre in the country has increased six-fold since the launch of 5G services last October to 101, 550 kilometers a month from the average 16, 712 kms in the lead up to the roll out of services based on the next gen technology. Despite this, fibre penetration to telecom towers, which is critical for effective 5G services, in India is 38.44%, significantly lagging the 70% tower fiberisation target set by the government and lower than developed markets where 5G has been launched, experts said. “The 5G rollout has had a significant impact on the pace of digital and telecom infrastructure development in India,” TR Dua, director general, Digital Infrastructure Providers Association of India (DIPA) told ET. The total length of optical fibre laid out as on June 30, 2023 was 3,726,577 kms, as compared to 2,812,627 kms as on September 2022 end, according to data provided by DIPA. While tower fiberisation has picked up pace since the rollout of 5G, industry executives are in consensus that fibre penetration needs to ramp up significantly to be able to reap the full benefits of 5G services. Tower fiberisation is critical to 5G services as it helps provide full utilisation of network capacity and carry large amounts of data once 5G services are rolled out. “With growing data demand and emerging technologies like Industry 4.0, constant network expansion and robust 5G connectivity will be crucial, presenting a significant opportunity for (companies like) Indus Towers,” Prachur Shah, managing director and chief executive, Indus Towers, India’s largest tower company, said. Before 5G rollout, fibre penetration was at around 35% and has now moved to around 38.44% according to data provided by DIPA.

Media company Network18 and DistroTV, an independent, free, ad-supported streaming TV (FAST) platform, have announced a partnership, which will enable DistroTV users in India to stream Network18’s portfolio of channels live and for free. In its initial phase, the partnership has seen the launch of Network18’s channels such as CNN-News18, News18 India, CNBC TV18 and CNBC Awaaz on the platform.

Indian Fast Moving Consumer Goods (FMCG) sector is on the cusp of a technological transformation, where Artificial Intelligence (AI) emerges as the guiding force reshaping every aspect of its landscape. From the shelves that hold your morning cereal to the ads that catch your eye online, AI is revolutionizing how FMCG operates, adapts, and thrives in a dynamic market. While the use of AI is still in early stages in the Indian FMCG industry, it is only a matter of time, before it is used extensively.

Deepak Shenoy, Founder, Capital Mind, says: “We have just been adding very little churn these days. Markets have been kind. But I am looking forward to a couple of more sectors. There seems to be a turnaround in textiles. There seems to be something happening, early stages happening in chemicals so looking forward to some of that. We may end up replacing some of our stocks if we see a three to five-year trend.”What has been your last purchase in this market and where are you looking at exiting completely because you think the valuation or the template is now shaky?We generally do not get out on just valuation alone; the business has to have some kind of a negative trigger going forward.