Digital Financial News

Golden Crossover is a powerful technical indicator which occurs when a stock's short-term moving average crosses above its long-term moving average, signifying a potential bullish trend ahead. On Thursday, July 20, Trendlyne reported 45 Nifty50 stocks that experienced this bullish pattern. From this list, ETMarkets has handpicked 10 stocks that have formed the Golden Crossover.

Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India's most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a demerger from incubator RIL, Jio Financial Services (JFSL) has already occupied the No.2 slot in the list of India's largest NBFCs by market capitalisation at Rs 1.66 lakh crore or about $20.3 billion.

Netflix shares tumbled 7% in premarket trading on Thursday after its quarterly revenue and forecast fell short of estimates, with analysts saying it would take time for the company's new money-making ventures to bring in returns. The video-streaming pioneer, which has been looking for new revenue streams, launched its ad-supported tier last year and cracked down on password sharing globally as it copes with intensifying competition.

By Amy-Jo Crowley

gold heist in Karol Bagh's Delhi, the cunning suspect Apu Bhuiyan successfully executed the theft. However, in an unexpected twist, his seemingly innocuous contact with his girlfriend on Instagram exposed his location, leading to his arrest. After the arrest, Police recovered three gold bricks from a West Bengal village.

A former Deloitte partner has acknowledged he removed two Defence-related documents held by the firm when he left – but maintains both were drafts that were not “confidential or classified”.

New Delhi: Unsafe food is the reason behind a staggering 600 million infections and 4.2 lakh deaths every year, G Kamala Vardhana Rao, chief executive, Food Safety and Standards Authority of India (FSSAI) said on Thursday at the first Global Food Regulators Summit 2023. The summit aims to create a global platform of food regulators to exchange perspectives on strengthening food safety systems and regulatory framework across the food value chain.

Fino Payments Bank is keen to become a small finance bank after having completed five years of operations, Managing Director Rishi Gupta said. The Navi Mumbai-based company is a subsidiary of Fino Paytech, which is backed by marquee investors such as Bharat Petroleum, ICICI Group, Blackstone, IFC, Intel and LIC, among others. The company started operations in July 2017 with 410 branches to become the fourth payments bank after Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank. Fino, which was a remittance service provider, has converted most of its Fino Money Mart outlets into bank branches after getting licence from the Reserve Bank. Also, Fino is the only lender in this space being traded on the exchanges. «From regulatory and compliance perspectives we are eligible for an upgrade to a small finance bank, having completed the mandatory five years of operations. Our board also favours such a conversion and soon we'll be moving an application with the RBI in this regard,» Gupta told PTI.

Over 200 Hong Kong stores now accept digital yuan payments, banks have claimed, as China looks to take its CBDC into the cross-border space.

Decarbonisation of buildings is a key imperative to achieve the national net-zero goals, as buildings contribute nearly 40% of global emissions. In a conversation with ET Digital, Vijay Sankaran, vice-president and chief technology officer at Johnson Controls, says climate change is the most urgent challenge of our time and the answer to that lies in systemic digitalisation of buildings as well as using cloud, edge and AI to unite, automate and optimise systems.

Under-pressure buy now, pay later group Zip recorded revenue and transaction growth in the double digits for the June quarter, sending its shares 9 per cent higher on Thursday.

Amur S Lakshminarayanan, MD & CEO, Tata Communications, says “digital products and platforms came with a lower margin at the gross margin level and this was again as per the industry norm and this is to be anticipated and that mix effect as a proportion of core connectivity reduces and the proportion of digital revenue goes up, it puts pressure on the gross margin level.”Tata Communications’ margins have continuously been falling. From 25.5% which we saw about four quarters back, it is now down to 21.5%. Is that because of the Switch acquisition being incorporated in the books?No, the margin falling is not purely because of the acquisition.

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Mukesh Ambani’s telecom customers used up nearly six times as much data last quarter. As the billionaire businessman targets his 428 million subscribers with a new 5G service and seeks to lure another 300 million feature-phone users to smartphones, the challenge facing him has changed. When he was starting out six years ago, how to sell data in a developing country was the big issue.

«I think valuations and near-term performance are quite discouraging. From that point of view, the best way to play the healthcare sector would be through the hospitals. Of course, Apollo Hospitals is one of our investments as a matter of disclosure,» says Dipan Mehta, Director, Elixir Equities.Beyond the likes of SBI which are the other stocks from the PSU banking space that you would look at favourably? I think across the board, PSU stocks have been doing well.

Chinese business travelers will be able to buy air tickets using the digital yuan, as the nation’s central bank digital currency (CBDC) pilot takes flight.

Narendra Modi during the discussion. "Opposition parties have given many suggestions and our alliance leaders have also given.

Sahamati, a non-profit that promotes the account aggregator (AA) system, is working on a framework for fair use of AA consent. This is to ensure that financial information of users is used only for the stated purpose. The AA framework gives users control over their financial data and lets them share it in a machine-readable format with parties interested in providing services.