Digital Financial News

So far 2023 has been a year characterised by explosive meme coin runs, perhaps none more successful than the incredible Pepecoin ($PEPE) pump which ignited Spring's ecstatic meme season.

Samsung says that at the new stores, consumers will be able to experience Samsung’s entire product range around the brands’ connected ecosystem such as SmartThings, smartphones, laptops, audio, gaming and lifestyle televisions. The Premium Experience Store in Ahmedabad is spread across 3,500 sq. ft.

₹270.9 crore for the quarter ended June 2023. The company posted a net profit of ₹273.6 crore in the same period last quarter last year.

Bitcoin and Ethereum, two of the most prominent cryptocurrencies, have experienced a significant slip, with BTC currently trading at $29,780 and ETH at $1,889. 

Shoppers Stop, Marico, and others demonstrated their strength and positive momentum by surpassing this indicator.Let's delve into their recent accomplishments. (Data Source: StockEdge)1. Bharti AirtelBharti Airtel surged above the 20 SMA on July 21, 2023, with its stock price at Rs.

UPI) technology will now be accepted in neighbouring Sri Lanka. Apart from UPI's acceptance, several agreements were also exchanged between India and Sri Lanka in the presence of Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in the national capital on Friday. In India, the UPI payments system has become hugely popular for retail digital payments and its adoption is rapidly increasing across the world.

Narendra Modi regarding the recent decision by the GST Council to impose Goods and Services Tax on online gaming operators by changing the methodology of determination of “value of supply" from the decade-old practice of charging Service Tax/GST on the operator’s gaming revenue to a levy of GST on the “full value".  In the letter, the investors said that the decision has ‘unintended consequences’ of equating the constitutionally protected legitimate online skill gaming industry with gambling, betting, and other “games of chance".

crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity Futures Trading Regulatory Agency (Bappebti). Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange. Rising global interest rates have, however, dampened demand for crypto assets in recent months.

Indian market, reported HT Auto. The upcoming model has been seen on the roads multiple times in test form. Drawing inspiration from the J-platform, which is currently employed in the Classic 350, Hunter 350, and Meteor 350, the new-gen Bullet promises to bring exciting features and improvements to the iconic motorcycle.

₹2,638.60 apiece on the BSE. The FMCG giant reported a standalone net profit for the quarter ended June 30, 2023 at ₹2,472 crore, up 8% from ₹2,289 crore in the year ago period. However, net profit dropped 10% sequentially from ₹2,553 crore.

Philips Domestic Appliances, is planning big for the upcoming festive season in India with both television and digital campaigns even as it bids to make more consumers aware of emerging categories such as air fryers, garment steamers, among others, a top company executive said. Versuni’s chief commercial officer Ozlem Fidanci told ET that the India market has been growing and has been open for new trends culturally, to try new solutions and product lines. “It makes India an attractive opportunity for Versuni and our brands.” The Amsterdam-based company renamed itself in February, after a disentanglement from Royal Philips in September 2021 following a sale to Hillhouse Capital, a global investment firm.

China Nicholas Burns' email account in an espionage operation thought to have compromised at least hundreds of thousands of individual U.S. government emails, the Wall Street Journal (WSJ) reported on Thursday. Daniel Kritenbrink, the assistant secretary of state for East Asia, was also hacked in the wider spying operation disclosed earlier this month by Microsoft, the report said, citing people familiar with the matter.

Chandrayaan-3' — India's moon mission is paving its way through the space towards Moon, neighbouring country Pakistan is still struggling with a dwindling economy, the huge pile of debt and religious extremism-fuelled politics. Qaisar Rashid in his piece in the Daily Times said that while India ticked one after the other boxes right from ISRO, focusing on IT to opting for a modern education system, Pakistan kept on struggling with its internal conflicts and orthodox education system.

More than 1.3 million crypto-related phishing attacks were stopped in Russia in the first six months of this year, a new report has claimed.

Chinese telecom operators are growing increasingly keen on digital yuan adoption, a report has claimed, as the CBDC finds new adoption strongholds.

online safety and set down objective parameters and rules spelling out what constitutes cyber fraud, providing a contemporary legal framework to tackle 21st century crime hitherto handled by amended provisions of 19th century British-era laws. The proposed legislation, which could either act as a supplement or be part of the larger Digital India Bill, will also likely detail the penal provisions in cases of cyber breaches while specifying who is a cybercriminal under provisions of the new law, multiple sources aware of the development told ET.

As of now, not all investors are eligible to claim for a refund through this website. According to Amit Shah, the Union Home Minister and Minister of Cooperation, the first payment of up to Rs 10,000 would be made through this portal to one crore investors who have deposited Rs 10,000 or more. Only claims submitted online through this site will be considered for a refund. Do note that there will be no charge for filing a claim.

After a roller-coaster 18 months, bitcoin—not necessarily the entire U.S. cryptocurrency market—may be on the cusp of a bullish run in the second half of 2023, according to analysts from Adamant Research and Standard Chartered bank. The key driver could be greater adoption by traditional financial firms.

A digital euro—a central bank digital currency (CBDC)—may be in the works if a proposal by members of the European Central Bank and the European Commission goes forward.

Up to 93% of the world’s central banks are experimenting with some form of digital currency (CBDC), with two dozen expected to have one in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey.

Yi Gang, the governor of the People’s Bank of China, revealed the milestone at a conference hosted by the Moneyary Authority of Singapore.As reported by Reuters, Yi Gang said the digital yuan has recorded over 950 million transactions, from 120 million wallets.Yi Gang told the conference: “You can see that right now, the balance of e-CNY is only counting two-tenths of 1% of M0, so that the balance is very small, but with this kind of balance (we) support a big number of transactions, which means that the velocity is high and more efficient.”The Chinese Government has made steady progress in seeding the digital currency across the country, with all banks and digital wallets from Alipay and WeChat onboard.