Digital Financial News

Bitcoin's price is trading choppy above the $29,000 threshold, and has captured the attention of traders and investors. 

Union Health Ministry has undertaken various measures in collaboration with the Indian Computer Emergency Response Team (CERT-In) to ensure data security and protect the privacy of patients from cyber threats, the Lok Sabha was told on Friday. Advisories issued by the CERT-In are disseminated to all authorised medical care entities and service providers in the country for compliance, Minister of State for Health S P Singh Baghel said in a written reply in the Lower House.

Nilesh Gupta, MD, Vinita Gupta, CEO and Ramesh Swaminathan, Global CFO, Lupin, in conversation with ET Now Pharma major Lupin recorded a consolidated net profit of Rs 453.33 crore for the April-June quarter FY24, as against a consolidated net loss of Rs 86.8 crore reported in the same period a year ago.The India business growth has revived and that too in double digits. What are you seeing coming in there? What were the growth drivers this time around and how to expect growth going forward? Do you think this is sustainable?Nilesh Gupta: We have been lagging a bit. But like we said, from Q2 onwards, we expected to get back to double digit growth and are very happy that it is happening in Q1 itself.

Mint and shared his views. Archit Gupta: ClearTax began as a tax filing solution over ten years ago. We have rebranded Clear which extends far beyond just tax compliance.

In a country known for its vibrant streets and aro... moreIn a country known for its vibrant streets and aromatic spices, Starbucks has become more than just a coffee shop—it's a financial powerhouse.

Emtech Solutions has raised $4 million as a part of a fresh funding round led by Matrix Partners India. The round also saw participation by global investors, including BTN, VestedWorld, Equity Alliance and Lofty Inc. The US-based company said it would use the fresh funds to continue developing its products and infrastructure stack.

catalytic capital is becoming increasingly necessary. Catalytic capital aims to go beyond immediate profits to create a sustainable impact on environmental and social issues. Providers of catalytic capital include governments, corporates, business owners, and investors who look to achieve a twin objective – a positive social/environmental impact followed by a financial return on investment.

e-commerce enablement platform Shiprocket. The report sees the consumer spending in the country to rise at a CAGR of about 10% on account of increased domestic consumer expenditure and consumption market. Similarly, the spending by consumers on categories of food, housing, apparel, personal care, transport, and communication would rise by about 2 times by 2030.

Let us take a look at some such instances which might seem familiar to many of us.Copy jam decks: This is when the presenter has to take printouts of the slides and pass them around even when a digital version of the presentation is playing on the screen. If the presentation has 50+ slides, even the giant printer and copier in the office will get jammed. Now imagine taking printouts for a meeting that has multiple attendees.

ANI, the announcement followed a meeting with parliamentary leaders during a dinner event held to honour the members of parliament. The discussions during the gathering revolved around the current political situation in the country, as per The Express Tribune's report. As reported by ANI, during the gathering, Prime Minister Shehbaz actively sought input from the attendees and engaged in discussions about the appointment of a caretaker prime minister and the caretaker setup.

Delhi Metro on Thursday extended the Unified Payments Interface (UPI) option for payments at ticket vending machines and counters across its network. The initiative aims at streamlining ticketing services and providing a digital and seamless mode of travel, the Delhi Metro Rail Corporation (DMRC) said in a statement.

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“We are trading close to the last 5-year averages of around 20x forward P/E. Our expected earnings growth will be around 15% CAGR in the next two years, which is clearly on the upswing compared to the rest of the world,” says Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We expect India to continue to relatively outperform its peers during the remainder of CY2023 and possibly beyond” Edited excerpts:We are seeing some nervousness at record highs for Mr Market. How do you see things moving – have we hit the top for the moment? It is true, that on absolute valuations, Indian markets have now crossed all-time highs, so we are at peak index level; hence, there is bound to be some nervousness amongst investors.

Rajeev Chandrasekhar tells ET. It accommodates feedback from all stakeholders to build a contemporary legal framework that underpins the needs of a burgeoning economic power and a vibrant democracy, while guaranteeing both national security and individual privacy, he said. Edited excerpts:What is your response to demands for the Bill being referred to a parliament committee? I hope that the MPs take some effort and read this Bill.

Viacom18 is looking to scale up its tentpole entertainment property Bigg Boss to reach 350-400 million audience on both TV and digital for the seventeenth season while aiming to generate Rs 350 crore of revenue. The media network is pitching Bigg Boss as the second most popular media property after the Indian Premier League. «Bigg Boss is the IPL of entertainment,» Viacom18 Head of Network Sales Mahesh Shetty told ET.

Sharif on Thursday announced the dissolution of the National Assembly on August 9. The decision came after he met with parliamentary leaders at a dinner in honour of the members of parliament, where the country's political situation was thoroughly discussed, The Express Tribune reported. During the meeting, Prime Minister Shehbaz sought their input and discussed the arrangements for the caretaker prime minister and the caretaker setup.

OTT platforms, Board of Control for Cricket in India (BCCI) set a higher base price for digital rights compared with TV. It has also reduced the overall base price to ₹45 crore per match for upcoming media rights cycle. The base price stood at ₹61 crore per match for Disney star paid in the recent cycle.

₹250 crore and a minimum of ₹50 crore would be imposed on them, including blocking of the platform. This new mandate has come as the union government on Thursday tabled the Digital Personal Data Protection Bill 2023 in the Lok Sabha with an aim to protect the privacy of Indian citizens. The entities such as social media companies, startups, e-commerce platforms, banks, fintech, state-backed entities etc will be imposed with a penalty of up to ₹250 crore for misusing or failing to protect the digital data of individuals, the Bill proposed on Thursday.

The strategic partnership will see Tase offer a range of institutional-grade digital asset products and services for regulated entities.While the digital asset space has faced an uncertain regulatory environment, Tase says it wants to combine cutting-edge technology with the foundations of traditional finance to drive the sector's development.The exchange and Fireblocks have already carried out a project with the Israeli Ministry of Finance, called Project Eden, to issue a government digital bond on a dedicated blockchain platform.

Digital Personal Data Protection (DPDP) Bill, 2023 in the Parliament on Thursday. An older version of the Bill — which was five years in the making – had been withdrawn exactly a year ago. The new legislation aims to give people tighter control over the use of their personal information by businesses as it lays out strict conditions for data sharing, processing and storage.

Personal Data Protection Bill (DPDPB), 2023, tabled in the Parliament on Thursday has detailed certain scenarios in which the protection to users under the provisions of the Act will not be applicable. Members of the Opposition and some technology policy experts have raised concerns as this gives wide ranging powers to the government. Manish Tewari, MP, INC, Punjab, on the floor of the house said, “This bill cleaves the entire digital universe into two parts.