Digital Financial News

Nomura said on Tuesday it had won an operating licence in Dubai, the latest in a number of mainstream financial institutions this year to enter the crypto sector. Laser Digital, which is headquartered in Switzerland with officers in Dubai and London, said in a statement it had received the licence from Dubai's Virtual Asset Regulatory Authority, allowing it to offer crypto-related broker-dealer, management and investment services.

On Tuesday, the trading value of Bitcoin dropped by nearly 2% to $28,912 amidst significant developments in the cryptocurrency landscape. 

NEW DELHI: Out of 8 stock baskets offered by Sharekhan’s InvesTiger app, 7 have managed to beat their respective indices by 4-12% since inception after factoring the transaction cost.“Apart from stock picking, we also focus on a top down approach which means having exposure in the right sectors depending upon macro conditions. This helps us invest in high quality stocks with structural growth prospects resulting in handsome gains for the investors,” says Gaurav Dua, Sr VP & Head – Capital Market Strategy, Sharekhan by BNP Paribas.In his stock baskets, stocks that have given disproportionately high returns are ITC, M&M, Cummins India, L&T and DLF.Edited excerpts from a chat:A lot of market players have shown interest in the concept of having a curated basket of stocks. What is the kind of response that InvesTiger is getting from your investors and what makes it different from mutual funds?Curated stock baskets are a hassle-free and cost-effective way to leverage on in-house research expertise to help retail investors invest in a disciplined manner.

Thangamayil Jewellery, one of the top jewellery companies in India by growth, has seen a spectacular rise in the past two months. Shares of the company have witnessed a bullish breakout and are trading at their all-time high levels. Let’s find out why.

Bajaj Finserv Flexi Cap Fund, you can be a part of exciting opportunities and potentially grow your wealth over time by seeking to benefit from megatrends. Fund managers at Bajaj Finserv Asset Management Limited have identified the following contributors to megatrends: T: Technology R: Regulatory E: Economic N: Nature D: Demographic S: Social Let’s have a look at each of these trends in detail.

Terraform Labs and its founder, Do Kwon, must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year.

Nuh district of Haryana after communal clashes erupted between a group of young men and Vishwa Hindu Parishad (VHP) during a procession on Monday. The VHP had organized a ‘Shobha Yatra’ when stone pelting took place leaving several injured and three dead. Stones were pelted and cars set on fire during a religious procession in Haryana's Nuh adjoining Gurugram.

Homegrown self-tanner and skincare brand Bondi Sands has been offloaded to Japan’s chemical and beauty giant Kao Corporation in a cash deal estimated to be worth $450 million.

The 2024 hopeful's remarks will spotlight the unveiling of «Declaration of Economic Independence.»

The adoption of cryptocurrencies has been gathering steam, with platforms and companies exploring ways to integrate digital assets. One of the most noteworthy developments is Telegram's decision to allow merchants to accept crypto payments. Amidst these impressive developments, attention is now shifting to InQubeta and Avalanche, with bullish sentiments surrounding them.

Ethereum (ETH) is a leading digital asset that attracts investors with its potential for substantial gains. As the crypto market continues to expand, seasoned investors are now focusing on an exciting new project that has piqued the interest of the crypto community: DigiToads (TOADS). TOADS is rapidly gaining attention in the crypto sphere, promising even bigger rewards and innovative features, leaving Ethereum investors eager to explore the potential benefits of diversifying their portfolios.

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₹1,500 crore," Karan Taurani, senior vice-president at Elara Capital Ltd, said. Though growing rapidly, contribution of the streaming networks of Zee, Sony, Disney Star and Viacom18 to overall revenue is far behind TV, said Sahil Chopra, founder CEO of digital marketing firm iCubesWire.

As the market observes the live Bitcoin price at $29,183, it remains closely monitored with a 24-hour trading volume of $11.9 billion. 

Digital Currency Group said on Monday it had appointed Mark Shifke, a former JPMorgan Chase and Goldman Sachs executive, as its chief financial officer.

By Gram Slattery

Data may or may not be ‘the new oil,’ but advanced microchips for digital devices are in geopolitical focus as the Indo-Pacific witnesses a contest of glares between China and the West over Taiwan, whose grip on the manufacture of these prized inputs has pushed both sides into a race for supply security. Globally, cutting-edge semiconductors are seen to underlie the current path of tech evolution. India’s effort to break into this field has faced setbacks like a proposed Foxconn-Vedanta venture coming apart, but Prime Minister Narendra Modi has signalled the government’s determination.

The United States and China are competing on both economic and technological fronts – and part of their rivalry includes a race to adopt crypto.

By Elizabeth Howcroft

Alan Ruck, the actor who played Connor Roy in HBO’s “Succession," says he and a director friend tested out the generative-AI tool ChatGPT a few months ago over lunch, to see whether it could write a screenplay. They asked it to write a scene about Ruck as a soldier in basic training, a play on the actor’s role in the Broadway show “Biloxi Blues." “It was s—," Ruck said. “It was every cliché and hackneyed idea you could imagine." The potential use of artificial intelligence in TV and movies has become a hot-button issue in the biggest Hollywood labor strike in 60 years.

By Nitin Kumar