Digital Financial News

Google, Facebook, TikTok and other Big Tech companies operating in Europe are facing one of the most far-reaching efforts to clean up what people encounter online

IBM is selling assets of The Weather Company — including Weather

Macy’s is expanding its small-store format into the West and Northeast in a bid to increase customer visits and add new shoppers

Narendra Modi on Tuesday said India will soon become a USD 5 trillion economy and is poised to become the growth engine of the world in the coming years. Speaking at the BRICS Business Forum Leaders' Dialogue, Modi highlighted that «mission-mode» reforms has improved the ease of doing business in India and invited businesses to be part of the country's development journey. While mentioning about the strides made by India on the digital payments front, Modi said there are many possibilities for using the Unified Payments Interface (UPI) for BRICS. He also said that Brazil, Russia, India, China and South Africa (BRICS) together can contribute significantly to global welfare, particularly of the Global South. The prime minister, who is in South Africa to participate in the first in-person summit of BRICS nations since 2019, told the gathering that despite the turmoil in the global economy, India today is the fastest growing major economy in the world. «Soon, India will become a USD 5 trillion economy.

Lifestyle International, the company that runs an eponymous department chain in India, grew 46% in the year to March 31, 2023 to '11,810 crore. According to financials sourced from Tofler, Lifestyle International reported a net profit of '700 crore in 2022-23, a 160% jump from the last financial year. Total expenses for the fiscal was at '10,877 crore. In comparison, Shoppers Stop reported '5,066 crore annual revenue and Aditya Birla Fashion and Retail reported '12,418 crore in revenue. Lifestyle International, part of Dubai-based Landmark Group, operates Lifestyle department store chain, value format Max, and home furnishing store Home Centre. Sales of organised retail segments grew 34% in FY22-23 compared to pre-pandemic (FY20), largely driven by quick service restaurants, sporting goods and electronics, a report by the Retailers Association of India (RAI) said. However, in the last few months, the growth rate has slowed down.

Mint, he spoke about the three pillars—content, distribution and marketing—which helped to go from a net loss of ₹55 crore in FY20 to a net profit of ₹76 crore in FY23. Edited excerpts… Hindi news channel TV9 Bharatvarsha was launched in March and I joined in August of that year. Because of the launch-related expenses, we had an Ebitda loss of ₹44 crore and a net loss of ₹55 crore in FY20.

EDX Markets, a prominent institutional crypto exchange company, announced on Tuesday a collaboration with Anchorage Digital, a regulated crypto platform renowned for its comprehensive financial services and infrastructure solutions.

Henceforth, doctors are required to prescribe medication using generic names as opposed to brand names. So, effectively, paracetamol instead of, say, Calpol. This gives patients choice.

Infosys Foundation USA will provide USD 200,000 (about Rs 1.6 crore) to support tech careers in Indiana, it said in a statement on Tuesday.

I am a sucker for new technology. Whenever a new gadget comes along, I feel almost compelled to buy it so that I can see for myself how it works and what it can do for me. As soon as a new digital service opens its doors to beta testers, I am almost always as far up at the head of the line as my time zone will permit.

NEW DELHI : The Centre has begun purchasing onions at ₹ 2,410 per quintal from Tuesday, consumer affairs and food minister Piyush Goyal said, as prices of the kitchen staple picked up and trading in the Agriculture Produce Market Committees remains suspended in Maharashtra. “The measure is being taken to ensure the interest of both farmers as well as consumers," he added. The FOB (Free on Board) price, which is the price goods are exported at, stood at $320 per quintal.

The crypto market has recently been hit by a series of developments that have rocked investors and swayed sentiment. The most notable among these is the Securities and Exchange Commission's (SEC) move to classify numerous cryptocurrencies as securities and file lawsuits against several crypto exchanges. 

Narendra Modi, Chairman of several corporate groups like Anand Mahindra of Mahindra Group, Rishad Premji of Wipro, Nithin and Nikhil Kamath from Zerodha, sports personalities like Sachin Tendulkar, politicians and several social workers in the country. During his trip to India, the Microsoft co-founder also met several social workers of whom he talked and shared extensively while sharing his visit to India as well.

The hospitality industry has been shaken by the pandemic's impact, one company stands out as an unwavering partner for hoteliers navigating these turbulent times. The global hospitality sector, initially projected to recover slowly and tentatively, has defied expectations. Surging back quicker than anticipated, it's even outperforming pre-pandemic levels in certain spheres.

digitalization drive is also evident, with all 75 ministries identified for e-Office 7.0 migration successfully transitioning to the system. As a result, there are now 27.44 lakh active e-Files compared to 9.24 lakh active physical files in the Central Secretariat.

Namma Yatri will kick off subscription fees for drivers on its platform, starting September 1. Auto rickshaw drivers in Bengaluru will have the option to either pay Rs 25 per day for unlimited trips, or Rs 3.5 per trip for up to 10 trips per day, beyond which the trips will be free, the Open Network for Digital Commerce (ONDC) enabled firm said in a statement on Tuesday. Drivers opting for the daily payment option of Rs 25 don’t have to pay on days they don’t take more than one ride through the platform. The firm is “committed to maintaining this fee structure for one year and actively exploring further price reductions in the future,” Shan MS, chief growth officer of Juspay, which developed the mobility app, said in a statement. On average, auto drivers on Namma Yatri earn between Rs 150 to Rs 160 per trip currently without the subscription in effect, a spokesperson for the firm told ET.

UPI success story. The UPI coupled with good network penetration in remote corners of the country and low data rates, have make it possible for a large section of the country to enjoy the benefits of digitization. The vice president of Kotak811 gave his own example in a tweet shared on X.

It’s not surprising, then, that car theft has also become high-tech.