Digital Financial News

Airtel’s consolidated net profit for the fiscal first quarter rose around a modest 0.3% from a year earlier, supported by strong 4G user additions and data consumption growth, despite a currency devaluation in Nigeria. But net profit fell over 46% sequentially to Rs 1,612 crore, stung by losses suffered by Airtel’s Africa unit in the April-June period due to the Nigerian currency devaluation.

(Reuters) — American Eagle Outfitters (NYSE:AEO) said on Thursday it expected second-quarter revenue to be flat to a year earlier, compared with its prior forecast of down low-single digits.

bill in parliament that authorities say is needed to better regulate the activities of big tech firms in the world's most populous country. The bill is meant to limit cross-border transfers of data, penalise companies for data breaches, and provide a framework for setting up a data protection authority to ensure compliance.

LiveMint, “The moment we have been waiting for the past few years has finally arrived! The much-anticipated privacy bill (referred to as Digital Personal Data Protection Bill, 2023), was tabled in the Parliament on Thursday, August 3rd, 2023. Once enacted, it will enable individuals (referred to as Data Principals) to govern their own personal (digital) data and will drive enterprises (referred to as Data Fiduciary) to process the personal data of individuals lawfully, for specific purposes only.

NRI account proves helpful. By opening a savings account meant for NRIs they can transact conveniently in India while living abroad. Let’s understand the finer details and benefits of an NRI Savings Account.

India, August 3, 2023: An all-integrated software platform for course delivery and management, Edmingle is proud to have supported global education company McGraw Hill’s latest digital innovation in India. Last month, McGraw Hill announced the launch of McGraw Hill Edge, built in association with Edmingle. McGraw Hill Edge is a comprehensive digital learning solution that provides students with the guidance and resources they need to prepare for and excel in competitive exams like the CAT, UPSC, CTET, JEE, and NEET.

Crypto exchange HashKey has become the first digital asset entity to receive a license under Hong Kong’s new crypto licensing regime.

AI has given rise to a new era of convenience, effectiveness and tailor-made experiences. The global AI market is expected to reach a valuation of approximately $ 1,591.03 billion by 2030.

FundsDLT is playing a key role in the development of D7, a new cloud-backed and DLT-ready platform from the German exchange operator that will deliver same-day-issuance and paperless, automated straight-through processing for the entire value chain of issuance, custody, settlement, payment and asset servicing for digital securities.Alrready a significant minority shareholder, Deutsche Börse has bought out former stakeholders Credit Suisse Asset Management together with UBS Asset Management as well as Natixis Investment Managers.“The acquisition of FundsDLT is a critical and natural step in our digital strategy. It demonstrates our position at the forefront of innovation and will redefine the overall distribution chain of the fund business,” states Philippe Seyll, CEO of Clearstream Fund Centre.

TELUS International India has introduced the TELUS International University (TIU) initiative, aimed at supporting its team members and their families in pursuing their educational aspirations at prominent institutions in the region. The programme aims to offer a distinctive partnership model that includes employee subsidies and discounted courses. TIU claims to provide an extensive range of in-person and virtual courses for personal and professional development, covering various subjects like artificial intelligence, cyber security, product leadership and strategy, HR analytics and business management, according to an official release.

McDowell’s No1 Soda has introduced Yaariverse, which is a metaverse-based platform. 

economy to average 6.7% growth between FY24 and FY31 and double the size of the economy to $6.7 trillion within the next eight years, S&P Global Ratings stated in its report released on Thursday. S&P stated that India can capitalise on this moment when the world faces unprecedented transition and uncertainty.

NTT Data Payments Services India, which has grown through a clutch of acquisitions including that of Atom Technologies, is keen to do more such deals as it seeks to become a top-five player in the next few days. The domestic arm of the Japanese tech major last September received in-principle approval from the Reserve Bank for a payment aggregator licence and is today among the top ten in this already cluttered space.

Warner Bros! Here are options for downloading or watching Meg 2: The Trench streaming the full movie online for free on 123movies & Reddit, including where to watch Jason Statham's highly-anticipated movie at home. Is Meg 2 available to stream? Is watching Meg 2 2023 movie on Peacock, Disney Plus, HBO Max, Netflix or Amazon Prime? Yes, we have found an authentic streaming option/service. The Meg 2: The Trench is landing in cinemas very soon and fans everywhere are eager to see the return of the wild, wonderful Jason Statham-led shark franchise this week.

Britannia Industries is expected to report high double-digit growth in profit for the quarter ended June, aided by both volume and value growth, and better sales mix. Consolidated net profit is likely to rise 53% year-on-year (YoY) to Rs 516 crore, according to an average of estimates given by 11 brokerages. Consolidated revenue from operations is seen to rise more than 11% YoY to Rs 4,122.30 crore.

SUV, is scheduled for September 4, 2023. This premium SUV had been previously unveiled in India earlier this year, and the commencement of online bookings is imminent. The anticipated timeline involves the initiation of deliveries in September, immediately following the official launch event.

Dabur India’s consolidated net profit in the quarter ended June 2023 rose 3.5% to ₹456.6 crore from ₹441 crore in the year-ago period. The FMCG major’s consolidated revenue in Q1FY24 increased 11% to ₹3,130.5 crore from ₹2,822.4 crore, YoY, driven by strong double-digit growth in both HPC and HC businesses. The Q1 revenue growth stands at 13.3% on Constant Currency basis.

Ashwini Vaishnaw tabled the Digital Personal Data Protection Bill, 2023 in Lok Sabha on Thursday. Opposition members AIMIM MP Asaduddin Owaisi, TMC MP Saugata Roy and Congress MP Manish Tewari strongly opposed the introduction of the bill and said that the bill violates the fundamental right to privacy.

Digital Personal Data Protection Bill in Lok Sabha amid demands by opposition members that it be referred to a parliamentary panel for scrutiny. While moving the bill, IT Minister Ashwini Vaishnaw rejected suggestions that it was a money bill.

On August 3rd, Bitcoin extended its previous daily losses, experiencing a decline of nearly 1.75% and reaching a price of $29,084. 

Elon Musk, the owner of X, formerly Twitter, has announced that he intends to discuss with Apple CEO Tim Cook the possibility of reducing App Store fees for creators who earn money through subscriptions on the X social network. Musk's proposal involves requesting Apple to apply a 30 percent cut only to the portion of the creator fee that Twitter retains, rather than taking 30 percent of the entire fee earned by a creator on the platform.