Digital Financial News

02.08 / 18:03

Digital show track electronic Cyber Over 1 lakh cyber security incidents in govt organisations this year

Government organisations faced over one lakh cyber security incidents till June this year, while financial institutions saw over four lakh incidents, numbers presented in the Lok Sabha on Wednesday showed. Government organisations have faced 1,12,474 cyber security incidents till June this year, minister for electronics and IT Ashwini Vaishnaw said in the Lok Sabha on Wednesday in a written response.

02.08 / 17:27

Digital Platform Mobile electronic Gaming industry slams no rollback on 28% taxation

₹100, they will only be taxed on that amount and not for every game that they play with that money. Eventually, it is the player that is taxed and not the platform. A rummy operator said, this is the highest tax rate in the world, and will have a crippling impact on the online rummy industry.

02.08 / 17:13

UPS Digital Manufacturing Gap Pool AMD country ‘We plan to add 3,000 engineers in India’

New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.

02.08 / 15:19

COST UPS Citi FIVE Digital performer Bank RoA at peak, need investment in tech, talent says McKinsey

bank profitability in the next couple of years, consultancy firm McKinsey & Co said. It expects banks' return on asset (RoA) to drop to 0.80% to 1% range in the next two years from 1.1% at the end of fiscal 2023. McKinsey expects the structural re-allocation of household savings away from deposits to hit deposit growth which together with high inflation will keep banks’ cost of funds on a upward bias.

02.08 / 14:11

UPS Digital SAP Enterprise performer 80% of startups see ‘substantial’ revenue jump on the back of enterprise tech adoption: SAP India-Zinnov Digital study

Enterprise adoption among startups: A SAP India-Zinnov Digital study of 115 Indian startups on Wednesday said that more than 80 per cent of startups in the enterprise-tech, health-tech, retail, logistics and auto-tech have reported a ‘substantial increase’ in revenue, highlighting the benefit of enterprise applications on a startup’s performance.

02.08 / 13:57

Reuters Digital ADP show US private payrolls beat expectations in July, ADP says

WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.

02.08 / 13:55

Digital Amazon Aware CEO Platform country ecommerce Draft ecommerce policy likely out in few weeks

Flipkart group, Amazon India and Tata Digital among others, the government has indicated that the draft ecommerce policy may be introduced in a few weeks, according to people aware of the discussion.ET had reported on August 1 that commerce minister Piyush Goyal would chair the meeting on Wednesday. Secretaries of the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh and the department of consumer affairs Rohit Kumar Singh were also present.

02.08 / 13:55

UPS Digital Google Align Instagram Synopsys Instagram will soon label AI-generated content as YouTube explores video summarisation feature

YouTube is venturing into the realm of AI-generated video summaries as Instagram plans to identify content created by artificial intelligence using labels. This move from the tech giants comes as the ascent of AI has ushered in transformative changes across various industries. From automation to data analysis, AI's capabilities continue to expand, revolutionising the way we interact with digital content.

02.08 / 12:25

Provident Digital Apple social pension UAE pension authority GPSSA says August pension will be disbursed on 25th

General Pension and Social Security Authority (GPSSA) of the UAE has announced that pension for August 2023 will be disbursed on 25th August for beneficiaries and pensioners. For the month of July, GPSSA disbursed pension of AED 711,323,784, an increase of 8.1% compared to the same month last year, which was AED 657,587,929 in total.

02.08 / 12:23

COST Target Digital Omnicom IPG Inside ad What a Slowdown in Spending by Some Marketers Means for Ad Holding Companies

Some advertising holding companies have been reporting weaker-than-expected organic revenue results, raising questions about what that could mean for marketers’ spending with agencies in the quarters ahead. Some experts say the results don’t signal major problems ahead for ad companies such as Interpublic Group, Omnicom Group, WPP and Publicis Group, which own creative and media-planning and buying shops among other specialties.

02.08 / 12:23

COST Lowe's Digital country Explainer Mint Explainer: What do the free trade agreements mean for India?

free trade agreements (FTA) with nearly half a dozen countries. Mint explains what is fuelling these pacts and what they mean for India’s international trade. India is currently in talks with developed countries such as the UK, European Union, Canada and Australia for an FTA, an extensively used tool for economic integration.

02.08 / 11:41

Digital Cooper Citizens electronic Hope Opposition will participate in discussion on all bills, including DPDP: Rajeev Chandrasekhar

The government expects the Opposition to participate in discussions on all bills in Parliament and it remains open to debate on all issues, including Manipur, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The government is expected to table the Digital Personal Data Protection(DPDP) bill in Parliament on Thursday.

02.08 / 11:41

Twitter Digital CEO Strategy LinkedIn Instagram Netcore Cloud appoints Mahesh Narayanan as chief marketing growth officer

Netcore Cloud, a MarTech and customer experience company, has appointed Mahesh Narayanan as its chief marketing growth officer. In his new role, Narayanan will be pivotal in accelerating the company’s global expansion plans and fortifying its leadership positioning by leveraging his marketing expertise to drive growth strategies effectively.

02.08 / 11:15

Provident Digital Manufacturing Platform performer HCL Tech, Nykaa and 8 other counters cross 20-day SMA

Nykaa, Rail Vikas Nigam, Zydus Wellness, GlaxoSmithKline Pharmaceuticals, HCL Technologies, and LTIMindtree showcased strong performance in their respective sectors. Let's explore the performance of these stocks. (Data Source: StockEdge)1. Indian Energy Exchange Indian Energy Exchange operates a leading power trading platform and has surpassed its 20 SMA, which was at Rs 123.93, with a closing price of Rs 127.4.2. NykaaFSN E-Commerce Ventures (Nykaa), an emerging player in the e-commerce sector, has crossed its 20 SMA, which was at Rs 144.54, with a closing price of Rs 147.8.

02.08 / 11:01

Provident Lowe's Digital Software MicroStrategy Bitcoin Bitcoin rally could endure if US manages a soft landing

The crypto market rebound this year could have room to run if the US economy manages to achieve a soft landing.

02.08 / 10:07

Digital CEO Mobile Sony Returns Income tax news: No ITR refund till you verify it. Here's how to e-verify your tax returns

Income tax news: If you have been wondering why your income tax return (ITR) has not been processed yet or why there has been a delay in getting tax refund, first check whether you have e-verified your ITR. If you do not e-verify your ITR, the filing process is treated as incomplete and your ITR becomes invalid.

02.08 / 10:01

UPS Digital CEO coinbase Bitcoin expansion Genesis Digital Assets Announces Expansion of Bitcoin Mining in South Carolina

Major Bitcoin mining company Genesis Digital Assets (GDA) has announced the opening of three new data centers in South Carolina, USA, which has "abundant and clean energy sources."

02.08 / 09:47

UPS Target MET Digital Strategy PwC PwC breakaway unit Scyne appoints interim chief

Scyne Advisory has appointed former PwC partner Richard Gwilym as its interim chief executive as the breakaway firm continues pitching its new approach to public sector consulting to wary federal and state government departments.

02.08 / 09:17

COST Citi Digital Aware Entertainment Record 82,628 companies, LLPs incorporated between April and July: MCA

Ministry of Corporate Affairs (MCA) said on Wednesday. Similarly, as many as 1.96 million forms were filed on the MCA21 (Version 3, or V3) portal between April and July, it said in a series of tweets.

02.08 / 09:17

Digital Cooper Citizens electronic Hope Opposition will participate in discussion on all bills, including DPDP: MoS IT Rajeev Chandrasekhar

Rajeev Chandrasekhar said on Wednesday. The government is expected to table the Digital Personal Data Protection(DPDP) bill in Parliament on Thursday. «The bill has evolved after a lot of consultation.

02.08 / 08:35

Provident Digital Manufacturing Software performer Technical breakout: Coal India, Persistent Systems, 7 other stocks cross 100-day SMA

100-day Simple Moving Average is a crucial technical indicator for stocks, often signaling potential shifts in short-term trends. On August 1, 2023, companies such as Jindal Worldwide, Vinati Organics, Navin Fluorine International, Persistent Systems, and Page Industries showcased strong performance in their respective sectors. Let's explore the performance of these stocks.

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