Digital Financial News
21.07 / 18:45
Digital
Aware
Action
Strategy
track
social
open
What is Open-Source Intelligence? Know about OSINT as research projects massive growth in its market by 2028
open-source intelligence market to expand massively and reach US$ 33.1 billion by the year 2028, reflecting an impressive compound annual growth rate (CAGR) of 20.34% during the period from 2023 to 2028. Moreover, the IMARC report highlights the key trends in the Open Source Intelligence (OSINT) market, emphasizing the increasing demand for data gathering from publicly available sources to gain valuable business insights. Organizations worldwide are adopting OSINT to understand their competitors' strategies and respond effectively, leading to market growth. The rising awareness of OSINT benefits, particularly in cyber intelligence for tracking criminals' digital footprints and countering terrorism and cyber threats, further drives the market's expansion. Additionally, the surge in cyber attacks to steal sensitive data and the advancements in big data processing and data analytics present lucrative growth opportunities. The use of artificial intelligence (AI) in the military and defense sector is also contributing positively to the market's outlook.
21.07 / 18:29
COST
UPS
Digital
Metro
performer
electronic
Reliance Retail profit up 18.8% in June quarter
₹2,448 crore. Overall, the retail business, comprising of formats such as Reliance Digital, Ajio, JioMart, Smart Point, Jio Stores, and several others, reported a 19.5% jump in June quarter revenue at ₹69,948 crore; growth was led by grocery, consumer electronics (excluding devices) and fashion and lifestyle categories, RIL said announcing its June quarter earnings on Friday. Towards the end of the quarter, Reliance Retail completed the Metro Cash and Carry India acquisition.
21.07 / 18:29
Digital
Platform
Metro
performer
RIL profit drops as refining biz falters
NEW DELHI : Reliance Industries Ltd said quarterly profit declined 5.9% from a year earlier, missing analysts’ estimates, due to the weak performance of its chemicals and refining business. Net profit fell to ₹18,258 crore in the three months ended 30 June from ₹19,405 crore in the year-ago quarter. Profit missed the average ₹18,302 crore estimated by a Bloomberg survey of analysts.
21.07 / 18:29
UPS
Provident
Target
Digital
Platform
Software
Novopay to spin off retail biz, focus on banking software
NEW DELHI : Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman Srikanth Nadhamuni said in an interview.
21.07 / 18:29
MET
Digital
Cooper
Platform
Interface
country
India, Sri Lanka to work for economic, tech agreement
NEW DELHI : IIndia and Sri Lanka on Friday agreed to start discussions on an Economic and Technology Cooperation Agreement (ECTA) and unveiled plans to cooperate on power, digital payments, connectivity and green energy. The ECTA with Sri Lanka will focus on tariff and non-tariff barriers as well as investment rules.
21.07 / 17:51
UPS
FIVE
Digital
Manufacturing
Action
country
NOT
China plus one, not really minus China
India a window of between three and five years to cash in on the opportunity will be well received in policy circles. India has been preparing for this eventuality for a while now. It has, over the past decade, cleaned up bad debts in the banking system, lowered corporate tax rates to internationally acceptable levels, diverted increasing chunks of the government budgets at building physical and digital infrastructure, and has rolled out incentives for local manufacturing and exports in select industries.
21.07 / 17:45
21.07 / 17:15
Target
Digital
SEC
CEO
Platform
Inside
social
Trump
Fine
Trump-linked SPAC to pay $18M fine to SEC over ‘material misrepresentations’
Digital World Acquisition Co., a blank-check company, has found itself entangled in a web of legal trouble with the Securities and Exchange Commission over its proposed merger with media giant Trump Media and Technology Group.
21.07 / 15:55
UPS
Digital
Platform
Metro
performer
track
electronic
Reliance Retail's net profit increased 18.8% in the first quarter to Rs. 2,448 crores
₹2,448 crore, driven by growth in the groceries, consumer electronics, and fashion and lifestyle categories. The business, which is a division of Mukesh Ambani's billionaire-led Reliance Industries Ltd, reported a combined net profit of ₹2,061 crore during the same period the year before. According to the corporation, its operating revenue for the quarter increased by 19.5% to ₹62,159 crore from ₹58,554 crore in the same period last year.
21.07 / 14:33
21.07 / 14:05
Blockchain
Ethereum
BLOCK
Digital
Caseys
Bitcoin
track
What is Bitcoin Ordinals?
Bitcoin Ordinals, also known as digital artifacts, are a way to inscribe digital content on the Bitcoin blockchain. They were introduced in January 2023 by Casey Rodarmor, a programmer and artist, who saw an opportunity to create a unique experience on the Bitcoin blockchain similar to non-fungible tokens (NFTs) on Ethereum and other blockchains.
21.07 / 13:49
UPS
Digital
Cooper
Southern
country
Neighbourhood First: India and Sri Lanka Pave the Way for Regional Hub Development
With a vision to develop Trincomalee as a regional hub, India and Sri Lanka are determined to deepen their ties through trade, digitalization, and people-to-people engagement. Prime Minister Narendra Modi and President Ranil Wickremesinghe during talks addressed the economic crisis faced by Sri Lanka, leading to various agreements and declarations of intent that signal growing economic collaboration between the two neighboring nations.A Common Vision for Enhanced Connectivity
21.07 / 13:21
UPS
Digital
Mobile
Discover
stage
businesses
Why RIL should consider spinning off more of its businesses
₹261.85 a share whereas the notional “acquisition cost" was estimated to be around ₹133 a share. The market value of the new company, which is currently unlisted, is estimated to be around ₹1.67 trillion. RIL spun off the subsidiary by issuing a share of JFSL for every RIL share held by investors on Wednesday.
21.07 / 13:21
UPS
Provident
Digital
country
social
blues
Joint Venture
Cyber
ORIOL CYBER GROUP, France Launches in India as a 50:50 Joint Venture with LD Sharma
ORIOL CYBER GROUP – a leading Cybersecurity Group from France has decided to launch in India as a 50:50 Joint Venture with LD Sharma – a leading Digital Marketing Expert.ORIOL GROUP is a risk management and security company that provides large companies, private and public investors, international institutions and governmental sectors with technical support as well as access, investment and development support in complex and risky markets and/or environments. Created to specifically serve the interests of Belt and Road Initiative partners and participants, ORIOL has operational capacities in Africa, the Middle East, Central and Eastern Europe, Asia.
21.07 / 13:21
COST
Provident
Digital
Platform
Action
Remark
Future
Indian
Is ONDC the future for Indian E-commerce Sellers?
gateway, ONDC connects buyers and sellers from various platforms. It consists of a seller app, a buyer app, and a gateway that brings them together seamlessly. Through its seller and buyer applications, ONDC acts as a gateway that connects buyers and sellers across different platforms, breaking down barriers and promoting inclusivity.
21.07 / 13:21
Digital
Platform
Mobile
Software
Enterprise
Motorola
Colgate
VTEX and Nanostuffs Join Forces to Enhance Digital Commerce in India
Nanostuffs, with its impressive track record of serving 90 percent of domestic customers and achieving profitability, brings with it over a decade of expertise in building large-scale commerce platforms for enterprises. With over 300 implementations of cloud-based software and 400+ mobile apps developed, Nanostuffs is a boutique organization focused on a core rapid development model with a team of 200+ adept resources and several reusable accelerators.
21.07 / 13:07
Provident
Digital
Mobile
Portal
Sahara Refund Portal: Documents needed, other rules to know to apply for refund
Genuine eligible depositors of these Sahara Societies can log in and submit their claims by completing the online application form there and uploading the necessary papers. Only claims filed online through the portal will be eligible for a refund, according to the Sahara Refund Portal website. The CRCS Sahara Refund Portal is an online portal created to process refunds of depositors of four Sahara Group Co-operative Societies in accordance with the Supreme Court ruling dated March 29, 2023.
21.07 / 13:07
UPS
Provident
Digital
Software
Enterprise
stage
Indian
week
ETtech Deals Digest: AI software firm o9 Solutions pushes up overall funding in Indian startups this week
o9 Solutions, with its massive raise of $116 million this week, helped correct declining startup funding values in the period from July 15 to July 21. Accordingly, late-stage startups made the bulk of funding during the week, raising a total of $193.1 million, while early-stage startups raised $20.9 million and seed stage ones received $20.7 million.
21.07 / 12:57
Facebook
Twitter
FIVE
Digital
Platform
Strategy
Instagram
Drop
Features
Threads User Engagement Continues to Drop, Adding Urgency for New Features
User engagement on Threads has continued to fall after an initial surge in sign-ups, putting pressure on parent Meta Platforms to roll out new features for its nascent microblogging app. For a second week in a row, the number of daily active users declined on Threads, falling to 13 million, down about 70% from a July 7 peak, according to estimates from market intelligence firm Sensor Tower. The average time users spend on the iOS and Android apps has also decreased to four minutes from 19 minutes.
21.07 / 11:51
UPS
FIVE
Digital
Strategy
track
Top Stocks for July 2023
Top U.S. stocks for July include Applied Digital Inc. (APLD), TG Therapeutics Inc. (TGTX), and Immunovant Inc. (IMVT). The share prices of all three have more than quintupled in the past year, as the Russell 3000, a capitalization-weighted stock market index used as a benchmark for the entire U.S. stock market, has returned about 14%.
21.07 / 11:35
Digital
Cooper
Progressive
Southern
country
social
Indian
India's growth will be beneficial to Indian Ocean Region: Sri Lanka President Ranil Wickremesinghe
Ranil Wickremesinghe on Friday said that he believes that India's growth will be beneficial to the neighbourhood and the Indian Ocean region (IOR). Wickremesinghe today held delegation-level bilateral talks with Prime Minister Narendra Modi following which India and Sri Lanka adopted a vision statement to significantly expand their economic partnership.
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