Digital Financial News

Bitcoin, the pioneering cryptocurrency, has witnessed a minor 1% spike in its valuation, prompting investors and enthusiasts to reevaluate their stance: is now the optimal time to invest? 

Karnataka Bank, is undergoing a comprehensive transformation led by its new chief executive officer Srikrishnan H, who assumed office in May. The former CEO of Jio Payments Bank, is spearheading the evolution to transforming it into a new-age bank, with a strong emphasis on digital services, and a guiding principle of “running the bank, grow ing the bank, and then, changing the bank". Srikrishnan has initiated the process of instilling a new cultural approach for its employees, with emphasis on branch-level sales.

Mint poll of 19 economists was knocked out by a huge jump in vegetable prices in general and tomato in particular. Mint examines the details: Retail inflation is measured using the Consumer Price Index (CPI). Nearly two-fifths of the CPI is made up of food items.

Telangana used Independence Day speeches to announce new skilling and housing schemes, increase in allowances and farm loan waivers to top the populist budgets earlier in the year. The CMs of the four states, where assembly elections are due by the yearend, announced new schemes for the youth, women and farmers. A state-wise look at the measures announced:Telangana The big-ticket announcement from all poll-bound states came from Telangana.

Stocks that traded heavily or had substantial price changes Tuesday: Lyft and Grindr rise; Getty Images and Discover Financial fall

Opera News will print its final issue in November and be incorporated into Britain-based Opera magazine

Singapore Red Cross, a prominent humanitarian organization, has announced a partnership with Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS), to accept cryptocurrency donations. The partnership was revealed on August 7, 2023, just ahead of Singapore's National Day.

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

NEW DELHI : The government will set up agriculture-focused cooperative societies in every village where one doesn’t exist now, and will develop them into multi-sector units, giving a major fillip to the cooperative movement, NITI Aayog member Ramesh Chand said. “A big movement toward rural cooperatives is happening. The government plans to set up one cooperative in agri-business in every village, where they are not there.

savings account can be a great option, providing an effortless way to build your savings, with essentially no risk. For more than a decade, though, the trade-off for keeping that cash safe and at your fingertips was a paltry interest rate—or no return at all. It meant the difference between various savings accounts was negligible, and it was hard to keep up with inflation.

In June 2023, the Atlantic Council, based in the United States, announced the results of a study on global nations’ interest in and progress toward creating their own central bank digital currencies. Eleven countries have already launched CBDCs; 130 others are in the exploratory phase, and about half of those have begun the development process. 

It seems Christine Holgate’s turnaround of Team Global Express – after just 2½ years of life under private equity owner Allegro Funds – has caught the attention of cashed-up overseas buyers.

RBI) has announced the launch of the Pilot Project for Public Tech Platform for Frictionless Credit by Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI. The Public Tech Platform would enable delivery of frictionless credit by facilitating a seamless flow of required digital information to lenders, the Reserve Bank said.

Bengaluru's companies said they were willing to hire freshers in the second half of this year — a fall from 75% in the first half — according to a survey by TeamLease Edtech, a division of Bengaluru-based TeamLease Group. The survey attributes this to the decline in hiring in the IT sector. According to data from staffing firm Xpheno, IT services giants are expected to reduce their overall hiring by 40% in fiscal 2024.

Indiana Jones enthusiasts will soon witness Harrison Ford's final portrayal as the archaeologist from their homes.Indiana Jones 5, also known as Indiana Jones and the Dial of Destiny, secures its digital release date. Directed by James Mangold (known for Ford v Ferrari), it reaches US homes on August 29. No details are available about the UK digital release date yet. Accompanying the digital release are five featurettes revealing the movie's production process. This installment is the first since 2008's divisive Kingdom of the Crystal Skull, and James Mangold took the director's seat, replacing Steven Spielberg. The featurettes will delve into three primary settings of the new film: New York, Morocco, and Sicily. They'll offer insights into the prologue, featuring a digitally rejuvenated Indy, and the concluding scenes where the cast bids adieu to the cherished archaeologist. The movie, premiered in June, showcases Ford donning the iconic hat once again. Phoebe Waller-Bridge from Fleabag joins the cast as Indy's goddaughter Helena Shaw. Notable actors in Dial of Destiny include Antonio Banderas, Shaunette Renée Wilson, Toby Jones, Boyd Holbrook, Ethann Isidore, Mads Mikkelsen and Karen Allen. Indiana Jones and the Dial of Destiny is currently showing in cinemas across the UK and the US.

India's G20 presidency had introduced the country's capabilities and diversity to the world, Prime Minister Narendra Modi said on Tuesday and asserted that the country is becoming a «voice of the Global South». In his address to the nation on the 77th Independence Day, he also said that India's small towns may be small in size or population, but in having hopes and aspirations, they are «not less than anyone». Modi also recalled his visit last year to Bali, where India was handed over the G20 presidency by Indonesia.

India's population growth and economic development requires robust infrastructure in roads, railways, aviation & ports etc. There has been emphasis on balanced development in all sectors of infrastructure whether it is roads, railways, ports, real estate, water, aviation, energy or even buildings of national importance. India on cusp of returning to high growth trajectory, will become world’s third largest economy by 2027-28 as mentioned by Arvind Panagariya, Eminent economist.

Meta's WhatsApp, the popular messaging platform, is set to make a groundbreaking addition to its feature arsenal as they are currently testing AI-generated stickers. The company's move comes as a significant step towards enhancing user engagement and creativity within its ecosystem. As per The Verge, the innovative feature, currently in testing and accessible to Android beta program participants, empowers users to effortlessly craft custom stickers based on text descriptions. Leveraging advanced generative AI technology, WhatsApp aims to streamline the sticker creation process, reducing the time-consuming task of manually selecting from an array of existing options. The experimental feature, currently in testing and accessible to Android beta program participants, empowers users to effortlessly craft custom stickers based on text descriptions.

The inception of the metaverse has revolutionized the way we connect, communicate, build and conduct business. Providing new avenues for creators and brands to co-create and reach global audiences, the metaverse has found a home in the fashion, arts and entertainment industries. 

By Elisha Bala-Gbogbo

Edtech unicorn, Unacademy has elevated Sumit Jain, who leads the company's Graphy division to partner or cofounder status, group chief executive Gaurav Munjal announced on Tuesday. According to Munjal, “partner at Unacademy is like a cofounder who joined at a later stage”. “I have some news to share.