Digital Financial News

Bandhan Bank has decided to build a corporate office in Mumbai while setting up a zonal office and government business centre in New Delhi as it plans to expand beyond the eastern region where it is dominant. The private sector lender has spent about ₹160 crore to buy a commercial space in the country's financial capital to build the corporate centre which will also house its treasury, managing director Chandra Shekhar Ghosh told ET. The centre is being built on a 40,000 sq ft area in Mumbai's Bandra Kurla Complex (BKC) and is likely to become ready in the fourth quarter of this fiscal, Ghosh said.The bank is also building a back office in Navi Mumbai in a rented 65,000 sq ft space, he said. Its New Delhi zonal office will be important for liaison with government departments for government business. Bandhan, which celebrated the completion of eight years in banking on August 23, is also on a branch expansion spree even as it is getting ready to expand digital offerings.

Stellantis NV (NYSE:STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

The FTX bankruptcy saga has taken an alarming turn as daily legal expenses surge to a staggering $1.5 million, with creditors now sounding the alarm.

HDFC, e-commerce platform Myntra and insurance firm Tata AIG are among Indian companies using these tools, he said. “We see it as an enhancement, and a tool to exponentially increase the opportunity to reach consumers with relevant ads, to reach consumers with a relevant experience on their website," Taylor said. Industry stakeholders sees the move as Google’s attempt to protect its revenue in the long run.

alcohol by volume" and not “strength". So, if beers are between 3-8% alcohol by volume, they are taxed per bottle and not on the amount of alcohol in them. Barring West Bengal, no other state is following this.

MUMBAI : BPEA EQT on Thursday sold its entire 26.63% stake in Coforge Ltd (formerly NIIT Technologies) for ₹7,684 crore to multiple investors through bulk deals, leaving the software services firm without a promoter and the first of its kind to be entirely owned by public investors. The block deals in the software services firm boosted its stock by around 10% to ₹5,391 on Thursday, with the transactions drawing marquee investors such as SBI Mutual Fund, Aditya Birla Mutual Fund, Capital Group and Kotak Mahindra Group. Coforge is a professionally managed company, and hence, no identifiable promoter is a good thing, said an analyst.

Mint on the sidelines of The Indian Digital Gaming Society (IDGS) gaming conclave. In June last year, the ministry had completely banned these platforms from using any form of advertising to promote these offshore companies. In March, it emphasized that while betting company advertisements have significantly reduced, it is now considering further action to eliminate outdoor media displays, such as hoardings, posters, banners, and auto rickshaw branding.

₹200 crore. While a child can use an internet platform once a parent provides consent, the platform is completely prohibited from tracking and monitoring the behaviour of child users, irrespective of the purpose for which such data processing is to be conducted.

NEW DELHI : India aims to offer all public services through the digital public infrastructure over the next two years, said minister of electronics and information technology Rajeev Chandrasekhar. DPIs will deepen and widen the availability of government-to-citizen services and drive inclusion, he said.

leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI)—a nascent field of technology finding adoption across various industries and governance—said N. Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

What are some of the major projects in the pipeline? We are right now working on five more projects. Two of these data centre parks are coming up in Mumbai (Powai and Chandiwali). Both these projects are two buildings each with about 67 MW of IT power each.

Reliance Retail is planning to launch a value apparel format to compete directly with Tata’s Zudio, Landmark group owned Max and Shoppers Stop’s new mass priced brand InTune. All products in Yousta are priced below Rs 999, with a majority priced below Rs 499. “The team will continuously work with India’s younger generation to understand their evolving fashion needs,” said Akhilesh Prasad, President and CEO – Fashion and Lifestyle, Reliance Retail. Experts said India's consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding. Yousta has partnered with a non-profit for customers to donate old clothes at stores and allow them to be used for community programs. The product can also be accessed online through Ajio and JioMart. Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited (RRVL), the holding company of all the retail companies under the RIL (Reliance Industries Limited) group.

Two years after the NCAA cleared the way for college athletes to earn money off their fame and celebrity, digital technology is allowing some of them to get paid by their fans without having to do very much in return

Even those who aren’t steeped in the finance industry can probably call up a visual image of an old-school stock ticker, generating lengths of white tape to help investors stay on top of stock market transactions and developments. Today, these have been supplanted by up-to-the-moment digital trackers. In similar fashion, the crypto industry has blockchain explorers, which offer users real-time tracking of not only their own transactions, but also everything happening on the blockchain.

HDFC has launched its first co-branded credit card with Mariott Bonvoy, on Thursday. The bank has launched it to cash in on the consumer sentiments of ‘Revenge spending’ post the pandemic and since both domestic and international trips, and spending on those trips had grown post the pandemic.

₹163 crore in a securitization transaction with Citi India and Northern Arc. The PTC (pass through certificate) transaction is Navi’s first AAA-rated securitization in the personal loans space. As per the statement, it also marks Citi India’s inaugural securitized exposure to digital lending players in India.

N Chandrasekaran, chair, B20 India, Thursday, lauding India’s growth trajectory. “We are the fifth largest economy, and we have a lot of things going for us. Just not in terms of economic growth, but in terms of infrastructure as well,” the chairman of Tata Sons said on the eve of the B20 Summit India 2023, organised by the Confederation of Indian Industry in New Delhi. Chandrasekaran noted that India stood at the cusp of changes happening worldwide. “Be it digital, energy, or supply chain resilience and transition due to geopolitical situation.

India’s digital public infrastructure (DPI), minister of state for electronics and IT Rajeev Chandrasekhar said in the national capital on Thursday. “Effectively, almost all of the government, and the G2C — government to citizen — interface will be digital over the next two years,” Chandrasekhar said. There has never been a more exciting time for India’s place in tech, the minister said, citing the success of the Chandrayaan-3 moon landing on August 23, which made India the first country to land near the south pole of the moon. It showed India’s capability in executing complex, deep-tech missions with global-standard aptitude and skill, Chandrasekhar said, and this indicates India’s “techade” and the digital economy forming 20-25% of the GDP is a realisable goal. India has an opportunity to become a trusted long-term partner in supply chains, IP and talent, he added.

₹36,000 crore of the research funding is to come from the private sector whereas the government will put in ₹14,000 crore for the same, to ensure greater participation of industry," he said. Singh said as India is in the frontline of diabetes research in the world, the prevention of diabetes in the youth and pregnant women is a priority.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “IT, pharma, metals, global cyclicals, energy would be the ones where you would see rapid rises and falls. I would say that if something has gone up very rapidly recently, that is where the decline would come because they are a lot related to news flows and less fundamental related in terms of what actual quarter on quarter numbers are coming in. ”Markets will not go up in a straight line, not will they go down in a straight line. But there are a lot of stocks which have only gone up. Defence, railways, Chandrayaan stocks. If markets have to correct, where do you think the decline would come from? And where would you like to buy that dip in terms of finding value?I would say that the decline would come from 1)globally related sectors, one because that is where the news is very confusing whether it is a hard recession, slowdown, soft recession or rate hikes.

reality, social VR and 3D art museums to expand the history, and heritage of tennis to fans globally. Most recently, Infosys launched the Carbon Tracker, allowing ATP players to track and offset emissions from their travel on tour.