Digital Financial News

New Delhi: Supply chain diversification and resource partnerships are key pillars driving intensified engagement between India and Latin America, said external affairs minister S Jaishankar. “The pandemic has shown that today there is an urgent global need for more resilience and reliability of supply chains, whether it is energy, whether it is food or whether it is even consumer security," Jaishankar said, speaking at the CII India-LAC Conclave. “The international economy today needs multiple and redundant sourcing, it needs more diversified production and that is something where there are new opportunities for us," he added.

₹1,890 apiece on BSE, and Mankind Pharma stock price was hovering near its 52-week high level. Mankind pharma Q1 results posted record quarter in all aspects. Revenues grew 18% year-on-year to ₹2,579 crore, whereas its EBITDA grew 43% to ₹660 crore (EBITDA margins expanded 450 bps to 25.6%).

Sanjiv Bhasin, Director, IIFL Securities, says “dark horse play is very difficult to read but it is SW Solar. I gave you at 320, 340, it just hit Rs 400. It will be Rs 750 soon.

Volvo Group India has rolled out a gender-neutral programme for new parents. The policy, rolled out in July, gives 26 weeks of leave for the primary caregiver, who will also be entitled to another 26 weeks of extended leave on an unpaid basis, or flexible working for the same amount of time. Secondary caregivers will be given a month of leave which the employee can take in tranches across one year, depending on the need. “We are moving away from the traditional definitions of maternity and paternity leave, and are recognising that a child can come into a family by a variety of means and scenarios. Our new policy gives leave for primary and secondary caregivers,” said Amit Sharma, vice-president and head of people and culture, Volvo Group India. The programme also focuses on breaking the bias to challenge stereotypes with the help of a gender-inclusive leave policy. The company has also rolled out platforms for parents to share and connect with other employees irrespective of sexual orientation or gender. “The new policy reflects the changing dynamics of the modern family, and will also allow fathers more time for taking on responsibilities. The initiative is part of our commitment towards building a more family-friendly and inclusive workplace,” Sharma told ET.

«This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said,» says Ronald Siyoni, Sharekhan.The details are out. The valuation is 5000 odd crores. They are acquiring 56% stake thereabout. What do you make of the valuation?This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said.

Manish Tewari on Thursday asked how the Digital Data Protection Bill can be classified as a financial bill, and said it should be considered as a regular bill. The bill should again go to a Joint Parliamentary Committee, he said. The bill aims to make entities like internet companies, mobile apps, and business houses more accountable and answerable about collection, storage and processing of the data of citizens as part of Right to Privacy.

Pi Ventures, which invests in artificial intelligence and deeptech startups, has announced the final close of its second fund with a total commitment of Rs 702 crore ($85 million), closing above the target of Rs 565 crore. The fund is backed by multiple institutional players, including BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, Premji Invest, as well as entrepreneurs and family offices. SIDBI has also returned as a key investor in Pi ventures’ second fund with a commitment of Rs 100 crore from the Fund of Funds for Startups (FFS), about 2.5 times of what the FFS had invested in the first fund.

Parliament on Thursday as the legislation could not be taken up for consideration and passage on the tenth day of the ongoing Monsoon session because both Lok Sabha and Rajya Sabha faced adjournments, owing to disruptions by Opposition benches over the Manipur issue. The list of business of the House for today mentions that Union Minister Amit Shah will move the bill for passage in the House. The bill was introduced in Lok Sabha on Tuesday with opposition parties opposing the government's move.

crypto project that relies on an eye scan to verify a user's identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating in June in Germany and provides users with a private digital identity — a "World ID" — after they get their eye's unique iris pattern scanned. The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams. Users who registered with the project in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45), drawing thousands of people to multiple sign-up points in the capital Nairobi.

“There is enormous opportunity arising in Defense, semiconductor manufacturing, EV, Renewables and contract manufacturing and a lot of small to medium companies have started to operate in these areas, and these companies could well be future candidates for IPOs,” says Roop Bhootra, CEO, Investment Services, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Bhootra, said: “Investors should always deeply study the companies and the valuation it is demanding before applying in new IPOs” 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? We are in the middle of the earnings season and about 30 out of 50 companies have declared earnings so far, and in index weight terms, it is about 70%.

₹15 lakh. The board is yet to take a call if it is going to be an e-auction or a closed one and whether there will be a single auction for composite rights or digital and television to be sold separately.

Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. The company also said CFO Jan Siegmund would retire in early 2024.

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Indian Society of Advertisers (ISA) has launched the ISA Media Charter, a comprehensive programme aimed at protecting brand interests in the advertising sector by pushing fair and transparent practices. The ISA Media Charter has six key focus areas, including the ISA Model Media Agency Agreement, Zero Tolerance to Ad Fraud, Brand Safety, Viewability, the Common Minimum Standard for First-Party Data, and Cross-Screen Measurement.

Infosys cofounder and chairman Nandan Nilekani, who has spearheaded India's digital public infrastructure (DPI) revolution. India is moving from being an «offline, informal, low-productivity set of micro economies to a single online, formal, high-productivity, mega economy,» said Nilekani who was founder chairman of the Aadhaar project speaking at an event in New Delhi. «India's 'techade' is a different model of growth.

startups cut costs and lay off staff to adjust to a harsh funding winter, headhunters say they are seeing a flood of queries from nervous workers seeking a job elsewhere. Thousands of resumes are floating around, recruiters told ET. “We haven't seen this kind of influx of CVs for many years,” said Anuj Roy, managing partner at executive search firm Fidius Advisory.

Digital Personal Data Protection bill, 2023, may give advisory powers to the Data Protection Board (DPB) to recommend to the Centre to either have content taken down, or intermediary access blocked in “public interest.” This is if the board notices two or more instances of rule breaches by a platform, official sources told ET. The bill’s latest version appears to have largely accommodated industry feedback, although the clause ensuring content takedown powers is an addition that has caught some experts by surprise. This may largely impact internet and social media platforms.

On August 1st, the value of the popular cryptocurrency, Bitcoin, exceeded $29,000 and briefly even surpassed $30,000.

New Delhi: The union commerce and industry ministry is expected to come out with the e-commerce rules and policy in the next two week or post the ongoing parliament session, two people aware of the development said after the ‘final’ stakeholder consultation held with union minister Piyush Goyal on Wednesday. The much-awaited e-commerce policy is widely expected to have provisions for the Open Network for Digital Commerce (ONDC) that seeks to democratize e-commerce in India by enabling buyers and sellers to transact through a single platform.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025

Japanese giant Suntory will merge its two drinks businesses in Australasia to create a $3 billion-a-year company that will see alcohol brands including Jim Beam and the No.2 ready-to-drink spirits brand -196 brought under the same roof as non-alcohol products.