Digital Financial News

26.07 / 15:23

Target Digital CEO BlackRock jio financial Financial Jio Financial ropes in BlackRock to disrupt India’s asset management industry

Jio Financial Services Ltd (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions. JFS and BlackRock are targeting initial investment of $150 million each in the joint venture, to be named Jio BlackRock.

26.07 / 15:23

MET Digital Aware Platform BlackRock country jio financial jio financial services services Financial BlackRock enters India through JV with Ambani’s new financial arm Jio Financial Services

BlackRock Inc., the world’s largest asset manager, is looking to join forces with India’s largest company Reliance Industries Ltd (RIL) in what could be a return to the country after exiting in 2018. The US-based investment giant is in active discussions with Jio Financial Services (JFS) to create an asset management business, said three people aware of the matter. JFS is the recently spun-off fintech arm of Mukesh Ambani’s flagship.

26.07 / 15:01

UPS Provident FIVE Digital CEO performer Strong US sales growth, sustained domestic momentum helps Cipla Q1 net profit beat estimates

₹996 crore that grew 45.1% year-on-year (YoY) beat Bloomberg consensus analysts' estimates of ₹860.4 crore. The company's income from operations at ₹6,329 crore was up 17.7% YoY. The reported Ebitda at ₹1,494 crore also grew 30.7% YoY.

26.07 / 14:35

Blockchain UPS BLOCK Digital Booking Enterprise Welcome to the era of blocks and mortar: Learning from the past

The idea of history repeating itself is commonplace. Nevertheless, it’s intriguing to watch it unfold when it happens, as I believe we’re seeing now with Web3 echoing the dot-com era.

26.07 / 14:18

IPO Lowe's FIVE Digital Manufacturing PAM show Flair IPO: Rewriting the pen sector’s growth story?

₹745-crore initial public offer (IPO) by leading pen manufacturer Flair Writing Industries has put the spotlight on the sector’s prospects in today’s times. Various studies around the world have suggested better learning and stronger brain activity using traditional writing tools compared to smart digital writing devices. A 2014 study by US researchers Pam Mueller and Daniel Oppenheimer showed that longhand notes lead to better learning against typing out on a laptop.

26.07 / 14:17

Provident Digital Extreme Platform Action country MDBs will have to transform themselves to help developing countries: Summers and Singh

New Delhi: Key for assisting developing countries with a combination of expertise, staying power, low-cost financing, leverage, and knowledge-sharing capabilities, multilateral development banks (MDBs) will need to transform themselves to effectively impact changes, Lawrence Summers and NK Singh have said in an article on Project Syndicate, a digital media platform. For the first time in nearly half a century, the global economy is fracturing rather than coming together due to high interest rates, threats of pandemic, and high debt burden.

26.07 / 13:29

Ethereum Digital Platform Fighting Sam OpenAI’s Sam Altman Launches Worldcoin

OpenAI's co-founder, Sam Altman, has launched Worldcoin, a financial network that will use biometric verification.

26.07 / 13:26

UPS IPO Provident Digital band open SME IPO: Vinsys IT issue to open on August 1. 10 things to know about the offer

Vinsys IT Services will open for public subscription on August 1. The issue closes on August 4.

26.07 / 12:55

Provident Digital social electronic Deaths Govt tables registration of births and deaths amendment bill

New Delhi: The government on Wednesday tabled the Registration of Births and Deaths (Amendment) Bill, 2023 in the Lok Sabha. The new bill mandates Aadhaar number use for birth certification. This development is part of an amendment to the original 1969 Act, which could streamline the processes for registering births and deaths.

26.07 / 11:53

Provident Digital Progressive CEO Strategy Enterprise services Hitachi Payment Services to acquire cash management biz of Writer Corp

Mumbai: Payment solutions provider Hitachi Payment Services on Wednesday said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management business of Writer Corp, has been providing services including ATM cash replenishment and retail cash pick-up services to corporate clients in India since 2001.

26.07 / 11:24

Digital Progressive performer Cipla Q1 results: Net profit rises 45% YoY to ₹996 crore; US business posts highest ever revenue of $222 million

Cipla reported a 45.1% rise in its consolidated net profit for the quarter ended June 2023 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year. The drug major’s revenue in Q1FY24 increased 17.7% to ₹6,328.9 crore from ₹5,375.2 crore, YoY, driven by performance in India, US & South Africa. The company’s US business reported the highest ever revenue of $ 222 million, registering a growth of 43% YoY growth driven by robust momentum in differentiated portfolios.

26.07 / 10:38

Provident BTC Digital Platform Bitcoin show Fed rate hike Bitcoin Price Prediction: Stuck Below $30,000 Ahead of Potential Fed Rate Hike

26.07 / 10:17

Citi Digital Toyota Hyundai Honda Inside Honda reveals ARAI-claimed mileage of its Elevate SUV, to launch in September, 2023

Honda Elevate features a 1.5-liter NA petrol engine paired with both a six-speed manual and a CVT unit. The gasoline motor delivers 119bhp and 145Nm of peak torque, with ARAI-certified fuel efficiency figures of 15.31kmpl for the manual variant and 16.92kmpl for the automatic variant. However, unlike the Honda City, the Elevate SUV does not come with a hybrid powertrain setup.

26.07 / 10:07

UPS Twitter Digital Platform shootings social rebrand crypto experts elon Another X Meme Token Shoots Up 20,000% on DEXTools After Elon Musk Twitter Rebrand But Crypto Experts Say It's a Scam – Here's the Coin They're Stacking Instead

As Elon Musk's Twitter rebrand continues to send shockwaves around the world, redefining a leading platform in the social media space, off-shoot 'X' meme tokens have seen sensational returns.

26.07 / 10:07

Digital Disney CEO audience ESPN ESPN considers adding sports leagues as partners as it transitions from cable to digital

ESPN chairman Jimmy Pitaro says the network could take on a sports league as a minority partner as the network continues its transition from a cable channel to a digital company

26.07 / 10:07

COST Digital VISA Latin Customers Visa profits rise as global customers increasingly use credit and debit cards instead of cash

Visa says its adjusted third-quarter profits rose by close to double digits, as the global payments company continues to benefit from broad shift of consumer behavior from cash to using credit and debit cards

26.07 / 10:07

UPS Twitter Digital Chase social network Unexplained outage at Chase Bank leads to interruptions at Zelle payment network

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain

26.07 / 10:05

UPS Digital Microsoft Platform show Fed decision looms, Microsoft and Alphabet earnings - what's moving markets

Investing.com — The Federal Reserve gears up to deliver an expected quarter-point interest rate hike, with investors on the lookout for any clues about the central bank's future policy plans. Meanwhile, Microsoft and Google-parent Alphabet post solid earnings despite headwinds from a slowdown in customer spending. But the companies stay away from outlining exactly how much they plan to spend on developing their all-important generative artificial intelligence services.

26.07 / 07:59

UPS Provident Digital Aware Action Why is the number of ITRs filed increasing? FM Nirmala Sitharaman shares reasons

ITR filing 2023: The number of ITRs filed has increased year-on-year since FY 2019-20. According to data shared by Finance Minister Nirmala Sitharaman in the Lok Sabha on Monday (July 24), the number of ITRs filed in FY 2019-20 was around 6.48 crore, which increase to 6.72 crore in FY 2020-21. In FY 2021-22, more than 6.94 crore returns were filed by taxpayers. However, in FY 2022-23, all previous records were broken as more than 7.4 crore returns were filed.

26.07 / 07:59

UPS Digital Manufacturing CEO performer CEAT Q1 profit jumps multi-fold at Rs 144.61 crore on high demand, revenue up 4.1%

Tyre manufacturer CEAT Ltd posted a fiscal first quarter profit jump of 1463.4 per cent or almost a 15-fold increase at Rs 144.61 crore as against Rs 9.25 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 2935.17 crore, up 4.1 per cent as against Rs 2818.38 crore in the first quarter of financial years 2022-23. The company EBITDA stood at Rs 387.2 crore. CEAT recorded a total income for the quarter at Rs 2938.42 crore, up 4.2 per cent as against Rs 2821.14 crore a year earlier. However, the total expenses for the quarter stood at Rs 2739.14 crore, down 2.8 per cent from Rs 2816.66 crore during Q1FY23.

26.07 / 07:13

FIVE Digital Platform Remark Simplilearn sees 123% rise in AI/ML programme enrollments across multiple markets

digital skills training, is seeing a substantial increase in demand for its AI/ML programmes across markets like India, the US, the Middle East, and Europe. Learner data from the company's platform reveals a 123% surge in demand for such programmes. The dynamic shift in the technology job market has contributed to this trend, with working professionals displaying immense interest in such programmes.

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