Digital Financial News

For almost a decade, I’ve been listening to digital prophets predict a future where banks save billions of dollars, customers can trace their mangoes back to the organic farm where they were grown, and financial intermediaries are a thing of the past, all thanks to the blockchain. I’ve been waiting for that future to arrive, but I’ve never come across it in my daily life.

Meta said on Tuesday it had uncovered links between people associated with Chinese law enforcement and a long-running but largely ineffectual operation to positively influence people on social media about China. The social media giant removed around 7,700 Facebook accounts and hundreds of other pages, groups and Instagram accounts connected to the so-called «Spamouflage» campaign, elements of which have been active since 2018, it said in a quarterly security report. The «Spamouflage» network has engaged in spurts of activity over the last several years pushing positive narratives about China and negative commentary about the United States, Western foreign policies and critics of the Chinese government. With the latest activity detected, Meta executives said they believed that «Spamouflage» had become the largest known cross-platform influence operation to date, with a presence on at least 50 services. Clusters of the campaign's fake accounts were run from different parts of China, but shared digital infrastructure and appeared to operate with clear shift patterns, including breaks for lunch and dinner on Beijing time, Meta said. China's foreign ministry said it was not aware of the findings, but added that individuals and institutions have often launched campaigns against China on social media platforms. «We hope that the relevant company adheres to the principle of objectivity and impartiality, and avoids double standards.

Transport operators in Jamaica have expressed interest in using the country's central bank digital currency (CBDC) for payments. 

In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway - how high could this moon-shot go?

PhonePe announced its foray into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking. The announcement by the leading digital payment platform marks the completion of offerings in its financial services bouquet, said Sameer Nigam, the CEO and Co-Founder of the company.

Also Read: ‘Invite to African Union made G20 more inclusive’ The G20, consisting of 19 individual nations (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States) along with the European Union, collectively forms a prominent international assembly. As per the central government website on the G20 Summit, the G20 was upgraded to the level of heads of state, and government in the wake of the global economic and financial crisis of 2007, and, in 2009, was designated the “premier forum for international economic cooperation". The G20 Presidency oversees the G20 agenda over a span of one year and takes on the role of hosting the Summit.

₹50,000 for various forms of gifting, including cryptocurrencies, this circumstance presents a viable avenue to offer gifts that promote financial empowerment through the integration of digital assets, added Edul. In India, cryptocurrencies are classified as virtual digital assets and are subject to taxation.

In India, the life insurance industry is rapidly growing, and in 2027, it aims to reach INR 14.5 trillion. This growth is driven by a number of factors, including increasing awareness of the importance of financial planning, rising disposable incomes, and the growing popularity of digital channels.

Online insurance players may be the first to face the heat after Jio Financial Services’ proposed foray into the insurance space. Jio Financial Services will foray into the insurance space to offer life, general and health insurance products “through a seamless digital interface”,  Mukesh Ambani told shareholders during  Reliance Industries’ annual general meeting.

Jio Financial Services will foray into the insurance space to offer life, general and health insurance products “through a seamless digital interface”, RIL’s chairman Mukesh Ambani said on Monday. “JFS will enter the insurance segment to offer simple, yet smart life, general and health insurance products through a seamless digital interface, potentially partnering with global players,” Ambani said. 

Axis Bank Infinity Savings Account Fees and Details: Axis Bank has launched a first-of-its-kind new savings account – ‘Infinity Savings Account’ – with an aim to cater to digitally savvy customers, who are frequent adopters of subscription-based models.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 5.5% to $27,450, whereas Ethereum (ETH) was above the 1,700 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.09 trillion, rising 4.22% in the last 24 hours. «Bitcoin neared two-week highs as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The markets reacted instantly, gaining $1,700 in around 30 minutes,» said CoinDCX Research Team. «A ruling by the United States Court stated that the U.S. The Securities and Exchange Commission (SEC) was wrong to reject an application by Grayscale to launch an exchange-traded fund (ETF) using the Bitcoin spot price as its basis,» CoinDCX Research Team added.

farming robot in Brazil and in the United States, CEO Britaldo Hernandez said in an interview, in a sign of growing demand for "precision agriculture" tools in two of the world's largest food producers. Sold at a price of $50,000, the Solix AG Robotics unit can scout crops and monitor the development of individual plants, as well as target spray herbicide to save costs.

Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin's price has taken center stage. 

Disney Star, the official broadcaster of Asia Cup for both TV and digital platforms, has onboarded 18 sponsors for the marquee cricket tournament that starts today. The sponsors include renowned brands such as Charged by Thums Up, Nerolac Paint+, Glow & Lovely from HUL, Surf Excel, Jindal Panther, BPCL, My11Circle, Samsung Galaxy Z Flip5, Amul, Maruti, Berger, McEnroe, Thums Up, Amazon Pay, MRF, Policy Bazaar, Tira from Reliance Retail and ICICI PRU MF, the company said in a release. «Brands across categories are equally excited and have come forward to collaborate with Star Sports Network and Disney+ Hotstar to further their business objectives and get closer to millions of fans,» said Ajit Varghese, Head of Network — Ad Sales, Disney Star. «We are thrilled with the positive response received for the Asia Cup,» he added. According to sources aware of the development, Disney Star has so far onboarded more than 85 advertisers across TV and the digital platform for Asia Cup. The participating categories for Star Sports include beverages, handsets, 4-wheelers, 2-wheelers and auto ancillaries, BFSI, fantasy gaming, steel, paints, FMCG and personal care, e-commerce, and retail. Disney+ Hotstar categories include auto, BFSI, CPG, gaming, tech.

Disney Star, the official broadcaster of Asia Cup and ICC Cricket World both on TV and digital platforms, has bagged about Rs 200 crore sponsorship from Hindustan Unilever alone, according to media buying agency sources. The FMCG giant Hindustan Unilever has come on board as a sponsor for both TV and digital coverage of Asia Cup and World Cup for close to Rs 200 crore, a source, who didn't wish to be identified, told ET Online. Disney Star, which operates Star Sports channels and Disney+ Hotstar OTT, will be broadcasting both the Asia Cup and the 50-overs ICC World Cup mega tournaments. «Due to the festive period timing, both properties have garnered significant interest,» another source said. «Advertisers have the option of selecting from a wide range of packages across linear and digital that align with their business goals. With Asia Cup and World Cup events being held back-to-back, we believe Disney Star will be able to sell their inventory effectively.» Disney Star declined to comment on the development.

Swiggy is working with banking and telecom firms to roll out bundled plans that include Swiggy One subscriptions. The company is also experimenting with different pricing and service tiers for the subscriptions, people in the know of the matter told ET. Buyers of telecom subscriptions and banking products such as credit cards will get Swiggy One as part of their package under a B2B programme called Swiggy One Lite. Swiggy One’s bundling exercise comes after rival Zomato reintroduced its ‘Gold’ subscriptions in January. The latter claimed Zomato Gold had 1.8 million subscribers as of the quarter ended March 2023. Swiggy One’s subscription stands in “the low-single-digit millions”, a person in the know told ET, without giving a specific number.

Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments, according to the people, who asked not be identified because the discussions are private. Korn Ferry and Spencer Stuart Inc.

Eureka AI has partnered with Google Cloud to enable Operators globally to deploy Eureka’s AI Platform and suite of Analytics products to improve revenues and profitability. Telecom analytics is the telecom specific set of data intelligence processes employing which communication service providers (CSPs) collect, process and analyse large data volumes. This partnership of the telecom analytics as-a-service platform with Google Cloud allows Operators to offer their B2B enterprise partners Eureka AI’s highly scalable and privacy secure suite of products that help them to grow their digital business and financial inclusion. These products include:

GreatGuys has captured online attention with their dance rendition of the iconic Bollywood track "Koi Mil Gaya" from the film "Kuch Kuch Hota Hai," released in 1998. This performance has sparked widespread admiration, emphasizing the global reach of music and dance. GreatGuys, an eight-member boy band managed by DNA Entertainment, showcased their dancing prowess in a cover video shared on Instagram on August 18.

Lingaraj Temple, dating back to the 11th century, has become the center of unrest since Monday evening. As per a TOI report, a clash between two factions of priests over a crucial annual ritual, the offering of sacred threads known as 'paitalagi,' has led to a regrettable suspension of all services.