Digital Financial News

07.08 / 03:31

Provident Digital Action social Lok Sabha to consider and pass Digital Personal Data Protection Bill today

Parliament. Vaishnaw said that it is not a money bill and all issues raised by the opposition will be answered during the debate. The Digital Personal Data Protection Bill or data protection Bill provides for the processing of digital personal data recognising the right of individuals to safeguard their information and the need to process personal data for lawful purposes.

07.08 / 02:41

Digital Assurant RAI voice cover Delhi Ordinance Bill in Parliament LIVE: Amit Shah to move the bill in Rajya Sabha today

Delhi Ordinance Bill LIVE: Union Home Minster Amit Shah on 7 August is set to move the Government of National Capital Territory of Delhi (Amendment) Bill, 2023 in Rajya Sabha. This comes after the the bill was passed in the lower house i.e.

07.08 / 00:39

COST Lowe's Digital Booking Platform Inside rate hikes Rate hikes, margin pinch put pay-later companies in a tough spot

BNPL ventures have been facing growth challenges, said founders and other executives. Rising interest rates and narrower margins are among the main challenges. Rupifi, ePayLater and others in the online segment are feeling the heat, with eB2B marketplaces scaling down or tightening operations across categories.

07.08 / 00:39

UPS Provident Digital Google Platform cover generative AI Experts flag revised Data Bill’s silence on generative AI tools

DPDP) Bill has caused concern among experts who feel it will leave a lacunae in the privacy law. It will also lead to more confusion and ambiguity surrounding the ever-evolving technologies and how they are regulated, they added.

07.08 / 00:39

FIVE Digital TCS Accenture shootings show services IT services majors may recruit 40% less in FY24

Hiring by India’s top IT exporters is expected to drop by nearly 40% on-year in the current fiscal, underscoring the demand uncertainty and slowdown in technology services that is weighing down the $245-billion industry.IT services majors are estimated to hire between 50,000 to 100,000 employees during fiscal 2024, according to data from staffing firm Xpheno. This will mark a precipitous decline from the net hiring of over 250,000 by these companies in the previous year.

06.08 / 20:33

Lowe's Digital Amazon Platform Actor social Gen Z Gen Z consumers bring in the moolah for many cos

Gen Z consumers, or those between 15-26 years, are driving the fastest growth not only for categories such as fashion, sneakers, smartwatches and wearable devices, but also light spirits including seltzers, ale and gins, executives said. «We have seen a demand uptick of over 105% year-on-year in the first half of the year (January-June 2023) in the Gen Z fashion segment,» a spokesperson for fashion platform Myntra, which has over 8.6 million Gen Z consumers, said.

06.08 / 19:23

UPS Provident BLOCK Digital Citizens electronic Editors Guild for house panel review of Data Bill, tags fears

Editors Guild of India has raised concerns about the Digital Personal Data Protection (DPDP) Bill, urging the Lok Sabha speaker to send the draft law to a Parliamentary Standing Committee so that some of the issues potentially having a “chilling effect on journalistic activity in the country” could be discussed. The Information Technology ministry has also been urged to reconsider the bill so that access to a free Press, essential to a vibrant democracy, isn’t curbed.

06.08 / 18:55

Provident Target FIVE Digital Fighting Tricky query on inflation that everyone ducks

US Federal Reserve will tread carefully while balancing these risks and prefer to stay on hold for long—reinforcing higher for longer approach. Meanwhile, given higher inflationary pressure in Europe, we expect the European Central Bank to hike by 25 basis points and the Bank of England by 50-75 basis points . A basis point is one-hundredth of a percentage point.

06.08 / 18:37

COST UPS Target Digital Platform Strategy audience Smaller scale helps regional OTT platforms ride bumps

OTT platforms controlling budgets, smaller streaming services that focus on specific regional languages or a certain genre may be at an advantage thanks to their smaller scale. Platforms like aha video, Planet Marathi, OM TV and others say they haven’t had to cut budgets since they started cautiously and have benefited from catering to region-specific audiences. Their hyperlocal content and slow start have given them time to evaluate the market and they believe catering to a specific niche has its own advantages.

06.08 / 18:19

Blockchain Provident Lowe's Digital Platform Limelight As Solana (SOL) Price Fluctuates Wildly, Borroe ($ROE) Steals Limelight

The cryptocurrency universe is always evolving, and the newest disruptor to enter this dynamic space is Borroe. Seamlessly combining advanced AI-powered risk analysis, robust blockchain technology, and smooth payment processes, Borroe is redefining fundraising in the digital age. Meanwhile, more established cryptos like Solana’s SOL experience wild fluctuations amid market uncertainty.

06.08 / 17:15

UPS Provident Digital Amid opposition, Lok Sabha to take up Data Protection Bill 2023 tomorrow

INDIA members strongly opposed the introduction of the bill and said that the bill violates the fundamental right to privacy. The Opposition bloc in Lok Sabha had also sought that the bill be sent to the standing committee for scrutiny. They said the government had withdrawn a bill on data protection last year and the new bill needs more scrutiny.

06.08 / 17:03

COST UPS Digital Manufacturing show licence NOT Please, not licence raj in camouflage

GoI the benefit of the doubt. While upholding the letter of multilateral and bilateral agreements, the plan was, we argued, to push vendors to switch to China Plus One options quickly. Now, with the follow-up announcement that FTA partners like Japan and South Korea will not be spared, the whole import licensing issue shows up India in poor light, especially to its trading partners.

06.08 / 16:25

UPS Provident Digital Aware Platform country Digital registry on organ transplants to streamline donations on cards

New Delhi: In an initiative aimed at regulating organ donation, the government is developing a digital registry on organ transplantation to smoothen the system and make it transparent. The Organ Donation Registry is being developed by the National Health Authority (NHA) and the union health ministry following consultation with the NITI Aayog for an overhaul of the National Organ Tissue Transplantation Organization (NOTTO), which manages and coordinates organ transplantation across the country. This will help eliminate the presence of touts and middlemen.

06.08 / 16:01

Digital Platform Software Parke performer country electronic Govt committed to backing industry in developing cutting-edge competitive systems: Rajeev Chandrasekhar

Rajeev Chandrasekar said on Sunday.India has an exciting opportunity and to make that opportunity fruitful, it should focus on developing commercially and globally competitive technology, he said at an event here. «The government is fully committed to making sure that DIR-V (Digital India RISC-V) microprocessor is the Indian ISA (Instruction Set Architecture), and we are ready to back the industry in developing cutting edge competitive systems,» he said in a virtual address at the Digital India RISC-V Symposium.

06.08 / 15:59

Provident Digital Citizens VISA Gap MasterCard Vass Bednar: Canadians face glaring gap in banking protections

It is well-known that Canada is struggling to advance dual commitments to realize an overdue open banking system and modernize the payments system (often referred to as “PayMod” as an industry shorthand). Proponents of these innovations frequently remind regulators of the benefits these advancements promise to both citizens and innovative firms. Canadians need and deserve choice, along with robust digital architecture that facilitates the services for their various banking needs.

06.08 / 15:41

COST Digital Platform Strategy Interface country UPI: It’s the digital public code of the world, and very affordable

NEW DELHI : The number of countries where the Unified Payments Interface (UPI) “is live" is set to double in the next 12 to 18 months, said Ritesh Shukla, the chief executive officer of NPCI International, the firm running India’s flagship retail payment and settlement system. European countries will be a key focus for greater collaboration and commercial partnerships, including Lyra, a French firm that will be an interoperability partner for UPI in France. In addition, India and the UAE, home to a large number of Indians, are working to operationalize cross-border remittances and personal payments.

06.08 / 14:59

COST Provident Digital Manufacturing Strategy BlackRock jio financial jio financial services services Financial Goal is to provide affordable green hydrogen as alternative to traditional fuels; Jio Financial Services to offer simple solutions, says Mukesh Ambani

Reliance Industries Limited (RIL) aims to provide affordable green hydrogen as a viable alternative to traditional fuels, said Chairman Mukesh Ambani in Ambani in RIL's integrated annual report 2022-23 released on Sunday. «A switch to cleaner energy sources is key to our decarbonisation strategy. We are making significant strides in establishing a world class solar energy value chain...Our goal is to provide affordable green hydrogen as a viable alternative to traditional fuels,» Ambani said in his address to shareholders.Reliance is among the largest global producers of grey hydrogen.

06.08 / 14:51

Digital Cooper stage country Time place ‘Right place after a long time': Amit Shah to Ajit Pawar at Pune event

Union home minister Amit Shah Sunday shared the dais with Maharashtra Deputy Chief Minister Ajit Pawar for the first time at an event in Pune. The home minister said the NCP leader is now at the "right place after a long time," the PTI reported. "Ajit Dada (Pawar) has come for the first time after becoming the Deputy CM and I am sharing the stage with him, I want to tell him that after a long time, you are sitting at the right place," the ANI reported quoting the union home minister as saying.

06.08 / 14:51

COST Digital Progressive Is weak NIM a temp hiccup for SBI?

₹38,905 crore, but was 4% lower sequentially owing to faster deposit growth of 2.4% versus loan growth of 1.1%. Lower provisions and strong growth from non-interest income meant net profit more than doubled year-on-year to ₹16,884 crore. The bank continues to maintain stable asset quality metrics, which is a bonus.

06.08 / 14:47

UPS Lowe's Digital CBS Trump NOT Ex-Vice President Pence does not rule out being witness for Trump's prosecution

By Tim Reid

06.08 / 13:45

UPS Digital Progressive Platform beautiful Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG business

Reliance Retail has crossed the milestone of a billion transactions in FY23 and its registered customer base reached 249 million, said the latest annual report of Reliance Industries. In FY23, Reliance Retail's digital commerce and new commerce businesses contributed to 18 per cent of its revenue, which stood at Rs 2.60 lakh crore. The company added 3,300 new stores, taking the total count to 18,040 stores with a total area of 65.6 million square feet and has plans to «continue to expand reach into Tier 2 and 3 markets through store network expansion».

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