Digital Financial News

Mint the urgency in GCCs to get talent has declined and it is now a “buyer’s market". The change in pace for GCCs follows a slash in hiring targets by the IT services industry.

₹1,979 crore in the paint business in fiscal year 2023, Kumar Mangalam Birla, chairman Grasim Industries Ltd, told the 76th annual general meeting. “Your company has embarked on a transformational growth phase with the incubation of two new high-potential growth engines—paints and B2B e-commerce for building materials. In FY23, your company executed its largest ever capital expenditure investing ₹4,307 crore including ₹1,979 crore toward the paints business," he added.

₹200 as of the quarter ended June 2023. “Tariffs need to go to ₹300," Mittal said, reiterating the need for tariffs to rise further in order to get a return on capital employed by the telecom service providers.

Sunil Bharti Mittal on Friday said he expects the recommendations that were made at the B20 Summit in India will be picked up. «G20 is a very important global decision-making, powerful body of the top 20 countries. B20 is a structure within G20 which is a feed-in mechanism of business recommendation into G20.

Mint reported concerns raised by the ministry in this regard. “With the World Cup and Asia Cup around the corner, there will be more of an emphasis on this.

In a speech published on the Bank of Spain’s website, Delgado stated that the digital Euro could address two main developments in the market, the increased amount of digital payments mean there is a need to ensure that citizens can still use central bank money in a digital world, and with the increasing numbers of digital assets a digital euro would provide a payment solution based on European infrastructure and accepted throughout the entire euro area.

By Hannah Lang

Grasim Industries Limited announced that the company will be shifting focus towards growing two new businesses of paint and building materials going forward, while already investing ₹1,979 crore as capital expenditure (capex) in the paint business in fiscal year 2023, said Kumar Mangalam Birla, Chairman Grasim Industries Limited at its 76th Annual General Meeting (AGM). “Your company has embarked on a transformational growth phase with the incubation of two new high-potential growth engines—paints and B2B e-commerce for building materials. In FY23, your company executed its largest ever capital expenditure investing ₹4,307 crore including ₹1,979 crore toward the paints business," he added.

(Reuters) -Shares of Digital World Acquisition Corp, which has agreed to merge with Donald Trump's media company, fell about 4% on Friday after the former U.S. president returned to social media platform X.

Binance is the world's largest cryptocurrency exchange by trading volume and one of the most popular platforms for trading various digital assets. Binance also has its own native token, BNB, which powers the Binance ecosystem and offers various benefits to Binance holders. Binance’s BNB enables user access to lower fees, exclusive features, and participation in governance.

India and Greece plan to double their bilateral trade by 2030, announced Prime Minister Modi during his official visit to the country on Friday. The bilateral trade stood at nearly $2 billion in 2022-23. India mainly exports aluminum, organic chemicals, fish and crustaceans and iron and steel to Greece, among other things.

Watch Now: Barbie Full Movie Online Free ‘Barbie’ is finally here. Check out how to watch Margot Robbie's live-action adventure-comedy movie Barbie online. Few people haven't seen Greta Gerwig's Barbie yet, or at least it seems that way since the summer blockbuster crossed the billion-dollar threshold.

India, August 25, 2023:BankSathi, a pioneering fintech social commerce startup, takes pride in announcing its remarkable achievement as the third-largest credit card issuer in India with 3.6 lakh ARR. The startup has issued 3 lakh credit cards as of June 2023, a 4X increase in cards over the previous fiscal year.

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Frontline, Digital Realty Trust, FactSet Research Systems, and Crestwood Equity Partners.

Mitoglou, rendering him unable to participate in the much-anticipated 2023 FIBA World Cup, despite his initial inclusion in the final 12-man roster. The Greek Basketball Federation revealed that Mitoglou sustained a fissure fracture in the little finger of his left hand, which has incapacitated him from playing at his full potential.

Mint reported concerns on behalf of the I&B Ministry in this regard. “With the World Cup and Asia Cup around the corner, there will be more of an emphasis on this.

Nirmala Sitharaman requested chartered accountants (CAs) to familiarize themselves with new-age concepts and areas of accounting and compliance including carbon accounting, CSR accounting and auditing as well as due diligence related to ESG to be at par with their counterparts in other nations amid changing global practices and compliance needs. The recent policy changes and diverse compliance needs have become a concern among corporate India. LiveMint spoke with TeamLease RegTech CEO Rishi Agrawal on certain issues related to compliance.

Elon Musk on Friday said Twitter, rebranded X, was working to comply with new EU rules that force tech firms to protect users against illegal content. «We are working hard on this,» Musk posted on X, replying to a video by the European industry commissioner Thierry Breton, who hailed the newborn EU Digital Services Act.

Reliance Industries Limited will hold its annual general meeting (AGM) with the shareholders on August 28. Investors will be glued to this 46th Reliance industries AGM as Chairman Mukesh Ambani usually makes key announcements related to growth and expansion plans in these meetings. While major decisions are expected to unfold around new energy ambitions, succession plans, retail services and the telecom sector, the newly formed Jio Financial Services will be in focus as it was recently listed on the stock exchanges on August 21.What to expect? The meeting is expected to lay out a future plan for JFS that was demerged from RIL in July. Ambani is likely to share growth plans for the financial services business following its tie-up with the world’s largest asset manager, BlackRock, to take on India’s $540 billion mutual fund industry. JFS is likely to enter the B2B credit business first to leverage its large wholesale business network and then consumer lending. The aim is to lend to consumers and merchants based on proprietary data analytics, and then use it to branch out to insurance, payments, digital broking and asset management, according to Mukesh Ambani. As various financial services are governed by different regulatory frameworks, we believe, an independent financial services entity will allow us to access the opportunities available in the Indian market, said Ambani in the annual report of RIL. He also said JFS along with its subsidiaries will leverage the technological capabilities of Reliance and digitally deliver financial services, democratising access to financial services offerings for Indian citizens.

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