Digital Financial News

Max Healthcare Institute on Monday said its profit after tax (PAT) increased by 27% to Rs 291 crore in the June quarter. The healthcare provider said its PAT stood at Rs 229 crore in the April-June quarter of the last fiscal.

Lok Sabha Monday passed the Digital Personal Data Protection (DPDP) Bill by a voice vote amid some slogan-shouting by Opposition members seeking a debate on the Manipur issue. On Monday, the bill was presented for passing and consideration by Union Electronics and Information Technology Minister Ashwini Vaishnaw, who said that the DPDP will safeguard the digital personal data of 1.4 billion citizens. The passage of the bill in the lower house brings India on the penultimate step of the country finally having its own digital data privacy law.

By Foo Yun Chee

PayPal USD (PYUSD) is fully backed by US dollar deposits, short-term US treasuries and similar cash equivalents, and can be redeemed 1:1 for US dollars.Starting today and rolling out in the coming weeks, eligible US PayPal customers who purchase PayPal USD will be able to transfer the token to external wallets, send person-to-person payments, fund purchases at checkouts supported by PayPal, and convert cryptocurrency holdings to and from Paypal USD."The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar," says Dan Schulman, president and CEO, PayPal. "Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD." Most of the current volume of stablecoins is used in web3-specific environments, but Paypal's global brand recognition seems certain to propel the novel payments asset into the mainstream.

(Reuters) — Digital payments firm PayPal (NASDAQ:PYPL) Holdings on Monday launched a U.S. dollar stablecoin in a bid to push for crypto adoption for its payments and transfers.

India, Mumbai, 7th August 2023: Metropolis Healthcare Limited, India’s leading diagnostic service provider today announced the appointment of Mohan Menon as the new Chief Marketing Officer (CMO). Mohan joins Metropolis with nearly two decades of diverse experience across various sectors and a proven track record of leading and managing successful marketing initiatives, driving revenue growth, and building strong brand equity for global organizations.

With pilots already in progress, the new company will initially provide services for transfer and custody of bitcoin and ether in the cryptoassets market.Garanti BBVA Digital Assets chairman, M. Çağrı Süzer says the group has formed a "sizeable team" that focuses on developing state of the art blockchain technologies."Our research shows that customers significantly value trust in their crypto transactions and especially on its storage," he says.

Max Healthcare Institute Limited on Monday reported a profit after tax of ₹291 crore in the June quarter, up 27% year-on-year. The company recorded a 17% rise in revenue to ₹1,719 crore in the same quarter of the current fiscal year. The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹436 crore with a 26.8% margin.

Shop for the best treadmills under 15000 in India with our selection from the top brands. Browse through the best picks from popular brands such as PowerMax, Fitkit, Lifelong, Sparnod, Durafit, etc. and transform your home space into your gym. Despite the affordability, these options don't compromise on quality or features. From compact designs that fit snugly in homes to models equipped with adjustable inclines and pre-programmed workouts, these treadmills prove that fitness can be accessible without a hefty investment. Scroll to know more.

Tata Play on Monday said it has started beaming of television channels from its dedicated GSAT-24 satellite which it has leased from Indian space agency ISRO. GSAT-24 was specifically launched for Tata Play (earlier knows as TataSky) in June last year, which will help increase its carrying capacity to 900 channels and cover the length and breadth of the country including far-flung places like Andaman Nicobar and Lakshsdweep islands. After the launch, ISRO took time to place the satellite in the desired slot of 36,000 kilometre geosynchronous orbit.

A new meme coin called PONZI has become the latest straight-to-DEX upstart to unlock moon-shot success, after an eye-watering +1,000% pump over the weekend has primed the chart for a second-rally.

eTukTuk is an emerging green crypto aiming to reshape the future of transport. Leveraging blockchains, they aim to create sustainable transport solutions while reducing the global economic divide.

₹250 crore and minimum ₹50 crore can be imposed on entity violating the norms. "No suit, prosecution or other legal proceedings shall lie against the central government, the board, its chairperson and any member, officer or employee thereof for anything which is done or intended to be done in good faith under the provisions of this Act or the rules made thereunder," the bill said.

Lok Sabha on Monday passed the Digital Personal Data Protection Bill, 2023 which lays down the obligations of entities handling and processing data as well as the rights of individuals. The bill proposes a maximum penalty of Rs 250 crore and minimum of Rs 50 crore on entities violating the norms. The norms will apply to personal data collected within India from data principals online, and personal data collected offline, but subsequently digitised. It will also apply to such processing outside India if it is for offering goods or services to individuals in India. Union Communications, Electronics and Information Technology Minister Ashwini Vaishnaw had tabled the bill in the lower house on August 3. Opposition had demanded that it should be sent to the standing committee for scrutiny. While moving the bill, Vaishnaw had rejected suggestions that it was a money bill saying it was a «normal bill». The bill provides for the processing of digital personal data in a manner “that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes”.

Bitcoin, the renowned cryptocurrency, has been facing resistance around the $29,000 mark, but it has recently managed to break above this level.

China’s Minsheng Bank has announced it is teaming up with the CBDC-keen e-commerce giant JD.com to launch a digital CNY-powered payment service.

Google Pixel Watch 2 is anticipated to feature a Qualcomm Snapdragon W5 Gen 1 SoC instead of the Exynos 9110 chipset used in the first-generation model. It is likely to come with a Snapdragon W5 chip built on Samsung's 4nm process. Moreover, the Snapdragon W5 supports new low-power states such as Deep Sleep and Hibernation, which should lead to an enhanced battery life for the Pixel Watch 2, as per the report.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. It is the world’s most tired interview question: what is your greatest weakness? And Rishi Sunak, one of the two remaining candidates in the race to become Britain’s prime minister, gave the world’s most tired answer—perfectionism—when he was asked it at an online hustings earlier this month.

generative intelligence and machine learning, are expected to significantly impact the Indian digital advertising industry, which is currently valued at approximately USD 8 billion (about ₹66,142 crore), as stated by Siddharth Jhawar, the General Manager of Moloco in India. "Advertisers have long pondered the effectiveness of their ads, many relying on intuition alone. Operational machine learning, however, can revolutionise the USD 8-billion Indian digital advertising industry as it can run thousands of mini experiments to decide which ad creative appeals to which type of users," said Jhawar.

₹2,515 against the previous close of ₹2,510.15 and rose more than half a per cent to the level of ₹2,528.35 in the next few minutes. The stock traded 0.53 per cent higher at ₹2,523.40 around 9:30 am. Shares of Reliance Industries have witnessed some traction in the last one month rising about 6 per cent against a flat Sensex.

“If we look at the ownership pattern of the market, mid and small cap ownership seems to be at high. This may mean that the segment may see consolidation in the near term,” says Santosh Singh, Fund Manager, MOAMC.