Digital Financial News

20.07 / 01:09

Digital Amazon Aware Google Apple Major digital players may get advice on dos and don’ts

Digital Competition Law will likely recommend “dos and don’ts” for systemically important digital intermediaries to check big tech’s ability to distort fair trade, a person aware of the panel’s deliberations, said. The panel, chaired by corporate affairs secretary Manoj Govil, is likely to define systemically important digital intermediaries based on a set of criteria including the nature of business, turnover, and user base, both global and local, the person told ET.

20.07 / 01:09

Digital Strategy stage track Inside jio financial Financial Fintech firms fear disruption as Jio Financial readies entry plan

Jio Financial Services gets demerged from Reliance Industries. Looking at the Reliance playbook, be it in telecoms or retail, it is obvious that Jio Financial will try to take the services to the masses, multiple industry insiders said.

20.07 / 01:09

Digital Google CEO Platform Fighting stage OTT apps join the big fight against Google’s billing policy

The move comes a day after Disney+ Hotstar streaming app owner Novi Digital Entertainment moved the Madras High Court in a bid to stop Google from removing the app from Play Store. Disney+ Hotstar is the first non-Indian OTT (over-the-top) platform that has joined the fight with Google which has moved to the high court. The streaming apps seeking intervention include Disney+ Hotstar, Zee5, Voot, SonyLIV, Manorama Max, SunNXT and Discovery+.

19.07 / 22:05

Digital Platform Continental Xbox Diablo cover Diablo IV boosts video games sale in Europe. GTA 5 to FIFA 23, check top 10 best-selling games

Diablo IV or Diablo 4 has been an instant hit with gamers across the world. The European video gaming market also felt the positive impact of the Diablo IV as the last month's sales in the continent recorded a staggering figure of 15.5 million, as per GSD data. For those unaware, this data covers digital games primarily from major AAA games publishers and physical retain games from major European cities. If we segregate the numbers, then the obtained data shows that more than 5 million were sold physically and around 10.5 million digitally. Now, the big credit behind the uptick in sales goes to Diablo IV. The hype surrounding the game seems to have paid off, after a 20 per cent hike was recorded from June previous year.

19.07 / 20:51

Provident Digital CEO Platform Pool awards stage Future Seven fintech companies to feature at second annual Future Proof festival

Ritholtz Wealth Management and Advisor Circle have selected a small group of technology companies to showcase innovative new products for financial advisors as part of the second annual Future Proof wealth management festival.

19.07 / 19:41

Digital Manufacturing Portal Portal to collate data on spurious drugs in works

With an aim to build trust on the quality of drugs in the domestic and global markets, India's drug regulatory organisation is all set to introduce a new unified portal for developing a digital drugs regulatory system (DRS).

19.07 / 19:41

COST Digital exclusive Deal Consumer deal activity almost halves during January-June period

Grant Thornton Bharat report has said. The number of deals through mergers and acquisitions and private equity funding in this sector almost halved to 150 during January-June from 297 a year earlier while the drop in value was even higher — 61% — at $2.8 billion against $7 billion in the absence of big-ticket investments, said the report shared exclusively with ET.

19.07 / 18:51

Citi Digital Waters Enterprise Discover awards film New Dharavi will produce many millionaires, no slumdogs: Gautam Adani

Gautam Adani said he intends to not only transform Mumbai's Dharavi into a modern city centre but also preserve and promote the local micro enterprises and small industries. The Adani Group has recently been awarded the ambitious project to redevelop 645 acres of Dharavi — one of Asia's largest urban slum clusters in the heart of Mumbai city.

19.07 / 18:13

UPS Provident Digital Booking Cabinet nod for press, mediation bills

New Delhi: The Union cabinet on Wednesday approved two key bills to be introduced in the monsoon session of Parliament, for which a heavy legislative agenda of 30 bills has been drawn up. Though a short one, the monsoon session is likely to be a significant one given the bills that are listed for discussions. The Union cabinet cleared both the Press and Registration of Periodicals Bill, 2023 and the Mediation Bill, 2021, which has now been reworked to incorporate suggestions from a Parliamentary panel, said two persons informed about the development.

19.07 / 18:13

Digital Aware Action Remark performer cover social inclusion ‘HDFC Bank’s focus is on service, inclusion, digital’

India’s largest private sector lender HDFC Bank Ltd is working on establishing a more inclusive workplace, enhancing customer service and strengthening digital infrastructure, chief executive officer Sashidhar Jagdishan said on Wednesday. In his message to shareholders in the bank’s annual report, Jagdishan emphasized the importance of fostering a supportive culture to effectively harness talent, potential and capabilities. To achieve this goal, the bank has implemented a managerial behaviour framework based on the principles of nurture, care and collaboration.

19.07 / 17:41

COST Citi Provident Digital Strategy Enterprise country Centre ‘Doubling data centre capacity’

New Delhi/Bengaluru NTT Ltd, which merged its data centre and information technology (IT) services divisions last October, is bullish on India, having announced a five-year, $2.5 billion investment in January to build data centres in Maharashtra. In a recent interview, Abhijit Dubey, global chief executive NTT, and NTT India CEO, Avinash Joshi, shared the company’s roadmap while explaining why India is NTT’s largest employee base outside its home turf of Japan, and how artificial intelligence (AI) will influence demand for data centres, among other things. Edited excerpts: What is the extent of operations for NTT in India? Dubey: We have about 40,000 employees in India, and it’s the largest outside NTT’s home base in Japan.

19.07 / 16:45

UPS Digital Enterprise Nano country social businesses Three small but effective ideas to help small businesses

The youth should aspire to be job givers, not just job seekers. Who gave this clarion call? Most would guess that it was our Prime Minister, during his electoral campaign of 2014. But it was not just him.

19.07 / 16:45

COST Digital Manufacturing Platform Software electronic Use contextual tools and models to catalyse our climate transition

Climate change is front and centre of the development debate going on around the world. We are finally seeing our economic system account for the cost and impact of air pollution on the environment by putting a value on every metric tonne of greenhouse gas (GHG) emissions. And our transition to a low-carbon economy is being spurred by consumers and governments as well as regulators.

19.07 / 16:21

UPS Digital Platform Strategy Simulation GBP Bitcoin Features Yield App Review 2023 - Features, Pros & Cons

Yield App is a crypto super-app. It lets users convert from fiat to crypto instantly, swap between tokens in a click, and earn up to 11% APY interest on their digital assets. Yield App never uses leverage and doesn’t engage in risky lending strategies to generate returns for customers.

19.07 / 15:19

COST UPS Provident Digital Platform Enterprise Tata Communications Q1: Net profit down 30% YoY, revenue up 11%

Tata Communications reported a 29.8% dip in net profit on-year to Rs 382 crore for the first quarter led by cost pressures and change in business mix, the company said Wednesday. The pressure on profits was led by a higher mix of digital portfolio of services instead of core connectivity solutions, AS Lakshminarayanan, managing director at Tata Communications, told ET. Speaking about the general investment sentiments, Laxminarayan said that barring the India market, there is a level of caution across the board.

19.07 / 15:15

UPS Digital Platform Software show British political candidate uses artificial intelligence to draw up election manifesto

An independent candidate for a U.K. Parliament has turned to artificial intelligence to come up with his campaign promises

19.07 / 15:01

Blockchain Ethereum Provident Binance Digital BitStamp country Crypto License services Financial Financial Services Giant Societe Generale Secures First French Crypto License For Its Crypto Division

French banking giant Societe Generale’s crypto arm has received a full Digital Asset Service Provider (DASP) license from the country’s financial regulator Autorité des Marchés Financiers (AMF).

19.07 / 14:57

Digital CEO Platform Action cover social Will `nip in the bud' the transgressions of managers: HDFC Bank

HDFC Bank will `nip in the bud' the transgressions of managers and will build an `inclusive' organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The private lender which has faced a lot of flak over alleged misdemeanour by its managers said that they were cognizant that the experience of working with HDFC Bank can be better on several counts.

19.07 / 14:25

COST UPS Digital Booking Strategy stage Holdings L&T Finance Holdings net profit jumps 102.6% in Q1

₹530.93 crore for the first quarter of FY24, from ₹262 crore a year ago, on the back of steady growth in net interest margins. The company’s revenue from operations increased 7.86% to ₹3,223.3 crore in the June quarter of FY24, from ₹2,988.4 crore in Q1 FY23. “We have achieved retailization of 82% in Q1 FY24 itself, much ahead of the Lakshya 2026 goal of greater than 80% retailization.

19.07 / 14:09

Facebook Digital Cooper Google Platform country Canada pushing ahead with tax on Big Tech opposed by U.S., Freeland says

Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Finance Minister Chrystia Freeland said.

19.07 / 13:39

Blockchain ETH Provident Digital Platform Bitcoin stage How to Buy BTC20 Token - A Beginner's Guide

BTC20 is a brand-new Proof-of-Stake crypto presale that builds upon Bitcoin’s technical base while leveraging the recent blockchain trends.

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