Digital Financial News

In a landmark transaction for the Australian economy, one that points to the arrival of accessible agricultural payments technology, a NSW cattle auction was settled by two farmers using a digital version of the Australian dollar backed by the Reserve Bank.

L&T Tech posted a consolidated net profit of ₹311.1 crore in the first quarter of FY24, which was 8.5% lower than ₹340 crore in the previous quarter. The company’s revenue during Q1FY24 declined 2.9% to ₹2,301 crore from ₹2,370.6 crore, QoQ. In dollar terms, its revenue fell to $280 million from $288.4 million in the last quarter.

alliance. However, since the name of opposition alliance has become a “Our civilisational conflict is pivoted around India and Bharat.

TV18 Broadcast jumped 11% to the day's high of Rs 43 on the NSE on Wednesday after the company reported a 52% year-on-year (YoY) increase in its consolidated net profit at Rs 91.20 crore for the April-June quarter. Buying interest in the stock significantly rose as 3.5 crore shares changed hands on the exchanges around 10 am. The strong earnings show was led by a phenomenal performance by its OTT platform- JioCinema during IPL cricket league, a PTI report said.

OpenAI's CEO Sam Altman has publicly responded to the U.S. Federal Trade Commission's (FTC) investigation into the company's AI chatbot, ChatGPT. The FTC's probe was examining whether OpenAI has breached consumer protection laws, potentially putting users' personal data and reputations at risk.

Hindustan Unilever (HUL) is expected to see moderation in revenue growth, mainly due to the base effect of price increases and cuts. The company's revenue is seen growing anywhere between 8-9% over previous year. However, volume growth is likely to inch up to about 6%, led by home care and personal care segments.

ANI, Ritesh Shukla said that India and France have just signed the agreement and Prime Minister Narendra Modi announced it during his visit to France. He said that they are working on creating readiness on both sides with banks in India and merchants in France. Speaking about the commencement of UPI operations in France, Shukla said, "We are working on creating readiness on both sides with banks in India and with merchants in France and I think it will take about three to four months for us to go live, so we are working towards making that happen." Indian tourists visiting France will now have the convenience of paying for Eiffel Tower tickets and other attractions in rupees, following an agreement between both countries to utilize the Indian government's Unified Payments Interface (UPI).

₹109.50 per share, 21.67 percent higher than the issue price of ₹90 on the BSE SME exchange. AccelerateBS India shares extended gains posting and were locked at 5% upper circuit after making a strong debut. Digital technology services firm, AccelerateBS India's IPO commenced for public subscription on Thursday, July 6, and concluded on Tuesday, July 11.

CRCS Sahara refund portal: The Centre has started the process to refund ₹5,000 crore of depositors whose funds are struck in four cooperative societies of Sahara Group. Launching a 'CRCS-Sahara Refund Portal' to facilitate the refund, Cooperation Minister Amit Shah on Tuesday said: "The process of returning the amount of ₹5,000 crore to the investors is starting today in a transparent manner on a trial basis. This is the beginning of the refund of monies to the depositors (of Sahara Group)".

«What is happening is in the last 10-15 days or so, if we look at suddenly the monsoon all over the country has come out in a reasonably good quantity and distribution,» says Kunj Bansal, Investment-illiteracy.com.While the index and the market overall looking in great shape, wondering how much more headroom does auto as a sector has? What do you think what is most undervalued and overvalued, if I can call it that within the auto pack?Yes, so multiple things. One, of course, it is very difficult always to arrive at answers to these questions. But still, one if one has to try one has to look at the various facts, various numbers.

As bears exert pressure on Bitcoin price, pushing it below the critical $30,000 zone, investors are left questioning the possibility of a further decline to $20,000. 

The common refrain is that there’s nothing Hollywood loves so much as its own history

The Dutch bicycle maker VanMoof, which won design awards for its stylish electric bikes, has been declared bankrupt

National Common Mobility Card (NCMC) as a default option with contactless or near-field function facilities. The missive, sent earlier this month, will likely push banks to issue more cards on the RuPay platform, as a majority of NCMC-enabled cards are on the RuPay network. A senior official confirmed the development and said lenders are expected to have all their cards equipped with NCMC features, including an offline wallet.

The monsoon session of Parliament will consider 21 new Bills including those proposing to establish a comprehensive legal framework governing digital personal data protection, giving exemption to certain forest land from legal protection, Bill to replace controversial Ordinance on Delhi services, repeal of 65 obsolete legislation and tighter regulation of multi-state cooperative societies.  About seven bills already passed by either of the Houses or have been reviewed by Parliamentary committees will also be taken up for passage in the monsoon session starting Thursday. According to a bulletin issued by Lok Sabha Secretariat, 21 new bills and 7 old bills are proposed to be taken up during the monsoon session that would begin on July 20 and run for 17 (working) days till August 11.

New Delhi: The Indian crude oil basket which was largely subdued in May and June has witnessed over 4% increase in its average price in July amid global supply concerns. The average Indian crude basket for July stands at $78.22 per barrel, compared to $74.93 a barrel in June. In May, it averaged at $74.98 a barrel as prices eased amid growing concerns of a global slowdown.

Countries of the G20 grouping could not agree on a joint statement at the end of a meeting of their finance ministers and central bank governors, as the grinding war in Ukraine continued to polarize the bloc, which counts Russia, China, and the US as members. “China stated that the G20 FMCBG (Finance Ministers and Central Bank Governors) meeting is not the right forum to discuss geopolitical issues," said the third G20 FMCBG Outcome Document and Chair’s Summary, which was released late on Tuesday. Meanwhile, Russia dissociated itself from the status of the document.

India is making some very strong inroads in the development agenda, says Mathias Cormann, secretary-general at the Organisation for Economic Co-operation and Development. He terms the global tax deal as the biggest reform in more than 100 years that is seeking to cater to changes in business models and the structure of the global economy. Edited excerpts from an interview with Deepshikha Sikarwar.The OECD in its latest economic outlook has said improvement in global growth is very fragile. What are the key risks that you see for the recovery? First, the good news is that we project continued global growth.

Mark Zuckerberg is doubling down on a different tack: He's giving it away. Zuckerberg, the CEO of Meta, said on Tuesday that he planned to provide the code behind the company's latest and most advanced AI technology to developers and software enthusiasts around the world free of charge. The decision, similar to one Meta made in February, could help the company reel in competitors like Google and Microsoft.

Crypto startup Ethena has successfully raised $6 million in a seed funding round led by crypto venture capital firm Dragonfly and billionaire Arthur Hayes. 

Pikmin 4, the highly anticipated real-time strategy game, is scheduled to release on July 21 for the Nintendo Switch. This marks a significant milestone for fans as it is the first numbered entry in the series in over a decade. In a departure from previous games, players now have the option to create their own customized character, which is a new feature for a first-party Nintendo title. With the release of Pikmin 4 just around the corner, fans who have pre-ordered the game digitally through the Switch eShop may be eager to know the exact time they can start playing. This guide aims to provide the information they are seeking. The game will be available at a retail price of $59.99, which is consistent with the pricing of other major games on the Switch.