Digital Financial News

DLF Avenue, Saket. The biggest tech extravaganza was an exciting showcase of the best-in-class technologies from TECNO and marked the grand unveiling of the POVA 5 Series and TECNO’s venture into AIoT domain with the MEGABOOK T1 laptop. Amidst the chatter abuzz on the new POVA 5 Pro and anticipations on what else TECNO has in store this year to delight the customers, we had the privilege of engaging in a conversation with Mr.

Diamond XE, an online diamond trading platform, is aiming to tackle the challenges of transparency and credibility in the diamond industry through its virtual offerings. With an increasing trend towards lab-grown diamonds, the issues relating to transparency in pricing and intricacies of supply chains have become more significant to now be addressed. The platform is cost-free for searching, browsing, and listing, fostering a user friendly experience for all stakeholders.

Canara Bank on Monday launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Digital Currency (CBDC) pilot project.Canara Bank is the first Bank among public and private sector banks to introduce this feature in Bank’s CBDC mobile app called 'Canara Digital Rupee app'. «With the introduction of this feature, customers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency. Further, this feature empowers the merchants to accept digital currency payments using their existing UPI QR codes in addition to the UPI based payments without the requirements of a separate on boarding process for CBDC,» the company said in a release. «The launch of Canara Bank Digital Rupee mobile application enabled with UPI Interoperability is a revolutionary step towards digitalizing the Indian economy. He expressed pride in the launch of the app, which will enable customers to enjoy the benefits of fast and secure transactions with digital currency devised by RBI,» said K Satyanarayana Raju, the Managing Director and CEO of Canara Bank. The application is available for both Android and iOS users. The digital currency is a legal tender as per RBI regulations, and the launch of this app is a significant step towards the adoption of digital currency in India, as per the bank.Features of the application

Thinking at a certain point in time, how they Perceive their brands and offerings viz-a-viz their competitors, and which audience segments are willing to take Action at the earliest. The same questions arise when sales teams interact with marketing or advertising decision-makers across industries. As it stands, only the consumers themselves can answer these questions.

Sony PS5 standard disc edition at ₹47,490 only at participating retailers. The discount will be applicable from August 24, 2023 through September 2nd, 2023. As announced by the company, the ₹7,500 off PS5 promotion will be available at Amazon, Flipkart, Shopatsc, Reliance, Croma, Vijay Sales & select retailers The PS5 gaming console has two editions- the Standard and the Digital Edition.

B2B is normally associated with the digital world, but there are many companies whose products go as consumable or what is commonly called as raw material in the manufacturing sector. So for companies which are into supplying industrial consumables it is not an easy task.

Delhivery Ltd. has announced the launch of Delhivery One — a digital shipping platform experience designed to meet the diverse needs of MSMEs, in addition to large D2C e-commerce brands across the country.

India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed on Monday. Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR). The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.

Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “I am fully convinced that India will see disproportionately large flows in times to come. In the last two years, we lost close to $40 billion as the interest rates were rising in US and emerging markets and so there was the outflow. But that is all set to reverse.

Balbir Dhillon, Head, Audi India, says “Audi globally has decided to launch 20 electric cars overall by 2025 and 25 by 2030. That means some of these cars will also be made in India. If all the cars that are going to be launched globally make a positive business case, we will try to bring them to our customers in the country.”On Audi’s EV journeyAudi has decided to be a fully electric car company by 2033 so the journey has started and eventually will move in that direction.

“We are looking at investing in a business in Tier II, III cities. The government's initiatives and the ecosystem they've built are genuinely remarkable, some aspects even surpassing what the metros offer,” says Vignesh Shankar, Founder and Managing Partner at artha99. In an interview with ETMarkets, Shankar said: “I think the next wave is going to come from tier 2, tier 3 cities, what I call the Dhoni moment” Edited excerpts:Thanks for being part of the segment. Take us through the fund performance of Artha99 CAT 1 AIF. Thank you once again for having me here.

Portfolio’s key multicap strategies have consistently given index-beating returns across time horizons, and the key sectors leading this performance are banking, healthcare, IT, and capital goods. Asked about the rationale for the high exposure to these sectors, Achin Goel, VP — Wealth Management and Institutional, at the firm, said, “These sectors will benefit from a robust growth story of India from the perspective of government initiatives, PLI schemes, infrastructure plans and the fundamental progress that we are witnessing throughout the nation.” Goel sees immense opportunities in the sectors in the long-term and believes that the portfolio results will be a reflection of the growth. Edited excerpts from an interview with ETMarkets:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?Before answering this question, let us run through a few macro data points.

The Australian Financial Review has recorded a solid recovery in print readership following the interruption of the COVID-19 pandemic, according to industry audience numbers released by Roy Morgan.

Reliance Industries (RIL), shares of the recently-demerged company Jio Financial Services or JFSL will list on stock exchanges at 10 am today. On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days.

Indian Oil Corporation (IOC), the nation’s top refiner, has embarked on a major data-driven digitalisation drive to optimise its crude purchase, refinery operations and financial management, which has helped boost its efficiency as well as bottom line, said a senior executive. “What we have begun doing is to use the immense data available to us to drive our decisions,” Manish Grover, executive director (strategic information systems), Indian Oil Corporation, told ET. IOC generates a sea of data daily from its operations spanning refineries, pipelines, petrol pumps, aviation fuel stations, natural gas networks and petrochemicals. “We operate refineries at 10 locations as a group. We deal with as many as 400 types of neat crude at a time. Crude is imported at three ports and then transferred to various refineries, most of which are landlocked. In this complex exercise, we end up dealing with as many as 12,000 variants of crude mixes at a time," said Grover. “And then you have exigencies created by the war which requires you to take quick decisions for crude purchases at high sea and quicker unloading schedule for them.”

Coinbase, a leading crypto exchange, published a report titled 'United States of Crypto: New York' on August 8, 2023. According to the report, the swift adoption of crypto and web3 technologies in the state, with nearly one-fifth of New Yorkers owning cryptocurrency, signals a promising future for crypto in New York.

Sorin Investments, a technology-focussed fund, co-founded by former KKR India head and private equity veteran Sanjay Nayar and Angad Banga, has raised a corpus of over Rs 1,000 crore for the second close of its maiden fund. It had raised around $100 million (approximately Rs 800 crore) in its first close last year. The tech-focused investment firm’s fundraise comes at a time when the Indian tech startup ecosystem is facing a funding crunch that has seen several investors slash down the valuations of several major Indian tech companies. Investors in the fund include Henry Kravis, George Roberts and other partners of the American global investment firm KKR & Co as well as Hero Enterprise chairperson Sunil Kant Munjal and a few other global and Indian family offices. Nayar and Banga were formerly associated with KKR. Nayar founded Sorin after a four-decade career spanning banking and private equity. Nayar and Banga have also invested a significant amount of their personal capital in the fund as sponsor commitments, they said in an earlier interview without disclosing the sum. The fund focuses on early-stage technology startups across various industries like fintech, edtech, software as a service (Saas), logistics, clean technologies and direct-to-consumer products and brands. It aims to invest between $2-10 million in target companies.

5G networks in India from the second half of 2024, said a senior executive of Finnish telecom gear maker Nokia. «You will see some early adopters this year, and then I think by the second half of 2024, there will be a big growth in the enterprises,» said Sanjay Malik, head of the India market for Nokia. He was speaking at ETTelecom's fourth edition of Digital Telco event — 2023, organised with the TRAI Centre for Studies and Research.

BlueRock hashired Ad Astra and Clearsight Advisors, the corporate adviser’s affiliate in the United States, to advise on a capital raise and find a capital partner to help it supercharge its growth, Street Talk can reveal.

Barbie," the captivating creation starring Margot Robbie and Ryan Gosling. Helmed by the directorial prowess of Greta Gerwig, this cinematic venture, which made its theatrical debut alongside Christopher Nolan's "Oppenheimer" on July 21, 2023, unfolded as a fascinating online spectacle. Even before the grand unveiling of these two blockbuster movies, the digital realm was abuzz with fervor, christening the co-release phenomenon as "Barbenheimer." The unique cinematic aura surrounding Gerwig's work promptly struck a chord with the audience, enrapturing their hearts and evoking their love for the film.