Digital Financial News

Taiwan-based Foxconn has revealed plans to increase their investment in India by ‘another $400 million’. Apple's biggest supplier is likely to use its upcoming Kongarkalan facility for the manufacture of AirPods and other digital accesories. The company had laid the foundation for a new electronics manufacturing facility in May this year as part of its USD 500 million investment in Karnataka "…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

Andhra Pradesh CID has arrested five people for allegedly misusing the digital signatures of senior officials in the Chief Minister Office's to create fake Chief Minister Petitions (CMP) and illegally making money through this process. The CID took Kanamarla Srinu, Gutthula Sitaramayya, Nalajala Sai Ram, Bhukya Chaitanya Naik and Abdul Razzak into custody, police said on Saturday. «For some time, the digital signatures of CMO officials have been used to generate CMPs. Based on a complaint from the CMO officials, we have registered a case,» said a CID official in a press release. Incidentally, the accused persons were using the e-office login username and password of CMO secretaries to create CMPs by using requests of MLAs and MPs without the authorisation of the officials concerned and sending them across to various departments for implementation. Police identified Srinu to be the prime accused in this case who used to work in officer Revu Muthyala Raju's office as a junior employee.

NEW DELHI: India's industrial production growth dipped to 3.7% in June, from 5.3% in May. Mint explains why. The growth fell during June primarily due to weaker manufacturing growth.

Ola Electric has officially announced that they will be revealing the MoveOS 4 update on its Consumer Day - August 15. Anticipated to be made available to customers by year-end, this update marks an advancement for the Ola S1 lineup of electric scooters. ‘It’s time to change the way you move.

TVS Supply Chain IPO: The Initial Public Offering (IPO) of TVS Supply Chain Solutions Ltd opened for bidding on 10th August 2023 and it will remain open for bidding till 14th August 2023. This means, TVS Supply Chain IPO subscription will end on Monday next week. After two days of bidding, the public issue worth ₹880 crore has been subscribed 1.03 times whereas its retail portion has been subscribed 3.62 times.

Apple iPhones and iPads by employees for work-related purposes. Shadaev stated at a digital conference, "A restriction has been introduced against the utilization of (Apple) mobile devices, including smartphones and tablets, for accessing work-related applications and exchanging work-related emails." He further explained that the usage of iPhones for personal requirements is still permitted. The ministry enacted this ban approximately two months following assertions made by Russia's primary domestic security agency, the FSB, which claimed that a substantial number of Apple devices had been compromised due to a U.S.-orchestrated espionage operation.

Delhi Ordinance Bill and the Digital Personal Data Protection Bill were passed in Lok Sabha and the Rajya Sabha by voice vote. The Monsoon Session of the Parliament concluded on Friday. The Delhi Ordinance Bill got President Murmu's nod to become law on Saturday, NDTV reported.

KYC) details if you have already submitted the valid documents and have not changed your address. If there is no change in your KYC information, you can submit a self-declaration through email-id, registered mobile number, ATMs, or any other digital channels. In a circular dated January 5, 2023, the Reserve Bank of India (RBI) said, «As per the present guidelines, if there is no change in KYC information, a self-declaration to that effect from the individual customer is sufficient to complete the re-KYC process,” read the circular from RBI dated January 5, 2023.» According to the said RBI circular, banks have “been advised to provide the facility of such a self-declaration to the individual customers through various non-face-to-face channels such as registered email-id, registered mobile number, ATMs, digital channels (such as online banking/internet banking, mobile application), letter, etc., without need for a visit to a bank branch.”

Virat Kohli, has set the record straight on his earnings from his official Instagram account, dismissing recent reports as «not true.» With a massive following of around 256 million, Kohli is undoubtedly one of India's and the world's most prominent sports figures in the digital realm. Through captivating pictures and videos, Kohli keeps his fans in the loop about his life and cricket journey, showcasing his dedication on the field, cherished moments with his wife, Bollywood actress Anushka Sharma, and glimpses into his rigorous fitness routine that inspires many.

The BTC/USD is currently witnessing a decline of nearly 0.50%, with its value standing at $29,400. 

Central Bank Digital Currencies (CBDCs).Understanding CBDCs CBDCs are digital representations of a nation's fiat currency and are issued and regulated by the central bank. Unlike decentralized crypto assets like Bitcoin, CBDCs are under the direct control of the issuing authority. This allows them to maintain their role in monetary policy, currency stability, and financial regulation. Governments have various motivations for exploring CBDCs. One significant reason is the modernization of payment systems. Traditional cash transactions are giving way to digital alternatives, and CBDCs offer a secure and efficient means for central banks to oversee these transactions, thereby reducing reliance on physical cash.

lobby groups have told the government that their OTT platforms are ensuring compliance with IT Rules even before the content is published. The Indian Digital Media Industry Foundation (IDMIF) and the Internet and Mobile Association of India (IAMAI) have, in separate but identical letters, to the ministry of information and broadcasting (MIB) said that OTT platforms have agreed to go through a thorough process to ensure that the content they produce is in accordance with the Code of Ethics of the IT Rules 2021.

Yashasvi Jaiswal. The debutant was out for 1 in the first over while Shubman Gill was dismissed soon after for 6. India are playing a five-bowler, six-batter combination in this series, meaning that all-rounders like Axar Patel are batting at number 7, while the need for a lower-order batsman is sorely felt.

Surging June-quarter earnings at the Life Insurance Corporation of India (LIC), the country's biggest institutional investor and the second-largest state entity by market value, surprised Dalal Street, with the insurance market leader showing minimal impact of adverse tax rules on high-value non-par products. Chairman Siddhartha Mohanty tells Shilpy Sinha and MC Govardhana Rangan that the insurer is undergoing a digital transformation it believes will help achieve the social objective of extending life cover to the uninsured, and wrest back market share in the process. Edited excerpts:Last quarter (April-June) earnings soared from a year ago. What drove the growth and is it sustainable? This is sustainable and profit is likely to increase in the coming quarters.

monsoon session of Parliament was tumultuous with multiple disruptions and vigorous debates over Manipur violence, Delhi Ordinance Bill, and Digital Personal Data Protection Bill. It also witnessed an unsuccessful no-trust vote against the BJP-led central government. In addition, several opposition MPs including Raghav Chadha, Sanjay Singh, Adhir Ranjan Chowdhury, and Sushil Kumar Rinku were suspended from the session due to various reasons.

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By Blake Brittain

UNest, a digital broker-dealer focused on helping parents save money for their children, is stepping into the financial advisor marketplace.

Jeff Rosenberger is about as close to a “lifer” as one can get in the relatively new financial technology industry.

Bar and Bench quoting the PDF of the bill. As per the bill, it aims to 'consolidate and to provide for general rules and principles of evidence for fair trial', said Shah in Lok Sabha.

MUMBAI : Poonawalla Fincorp Ltd might look at private equity (PE) investments for achieving its business targets, the company’s chairman Adar Poonawalla, said in an interview. After selling its housing finance business to TPG earlier this year, the group has enough headroom to pursue both organic and inorganic growth, he said. The leverage at present is quite modest—remaining below two times, Poonawalla added.