Digital Financial News

OneCard and Bengaluru’s WintWealth have applied for licences to operate as non-banking finance companies, people in the know said. These startups intend to join fintech majors such as Cred, Groww and Jupiter that have recently bagged the lending licences.

Amid a heightened call for comprehensive digital assets legislation, the G20's Financial Stability Board (FSB), on July 17, published its final recommendations for regulating crypto trading firms. It focuses on issues relating to regulatory supervisory and oversight of crypto assets to help foster innovation.

New Delhi: Finnish telecom gear maker Nokia and India’s Telecom Sector Skill Council (TSSC) will train 300 people in 5G, IoT and allied skills at the Nokia Centre of Excellence which was inaugurated at ITI Kubernagar, Gujarat, Monday.   The centre is setting up a skill lab for training of the candidates with the aim of providing placement offers within 4-6 weeks of course completion to at least 70% of learners. About 300 such candidates will benefit from the program in the first year of the project.   “As part of our larger commitment to local communities, we are facilitating connectivity and digitization to further positive socio-economic, educational and health impacts in India.

A small Pennsylvania bank has emerged as one of the biggest partners for the crypto industry — albeit a somewhat reluctant one.

GANDHINAGAR : India and the US have agreed to collaborate on a range of issues, including strengthening multilateral development banks (MDBs), promoting climate action, and facilitating energy transition, Union finance minister Nirmala Sitharaman said. After a meeting with US treasury secretary Janet Yellen at a G20 event on Monday, Sitharaman said the two countries would also work to smoothen the consensus on indebtedness of low- and middle-income countries and harness opportunities presented by crypto assets and digital public infrastructure for financial inclusion.

New Delhi: The ministry of electronics and IT, the nodal ministry regulating online gaming, will ask the GST Council to reconsider its decision of levying 28% tax on online gaming after the regulatory framework around the online gaming rules develops, minister of state Rajeev Chandrasekhar said Monday at an event.   “We are only in the nascent stages of creating a sustainable, permissible online gaming framework. So we will do that and go back to the GST Council and maybe request their consideration on the new regulatory framework," he said.   The GST Council on July 11 said that the government will impose a goods and service tax of 28% on the turnover of online gaming companies, horse racing and casinos.   Chandrasekhar added that the GST Council, which was a federal body had been working on the issue for the past three years while the regulatory framework for online gaming only began in January 2023.  “The GST Council is not the Government of India. The council is represented by all state governments.

insurance major Dai-ichi Life Holdings has invested $40 million to buy about 11% stake in D2C Insurance Broking, which is the holding company for digital insurance marketplace RenewBuy. This is part of the company's Series D fundraise while the promoters are negotiating with a few other investors to mobilise another $10-$20 million in primary deals. The total fundraising target in this round is between $75 million and $100 million as there would also be secondary deals.

global tax pact, crypto assets, and digital public infrastructure at the two-day meet of G20 finance ministers and central bank governors that began Monday. «There is less acrimony inside the room,» said a person familiar with deliberations. The deliberations are now focussed on knotty issues and efforts are being made to ensure deliverables on key issues for the country's presidency at the meeting.

Glow Capital, the investment house run by former Quadrant Private Equity deal maker Justin Ryan, has closed its first deal after acquiring a controlling stake in Melbourne-headquartered clothing supplier Cargo Crew.

₹2 to her account on the pretext of a test transaction. Once the receipt was acknowledged, he initiated another transaction to remit the list price. This time, however, it was a ‘collect’ transaction rather than ‘pay’.

Fox Corp on Monday named Anjali Sud, the former longtime head of video-sharing platform Vimeo, as the chief executive of its streaming service Tubi. Sud recently stepped down as the CEO of Vimeo, after about nine years at the streaming platform.

Blockchain network Gnosis has unveiled two products that allow users to spend their digital assets directly from wallets using Visa's payment system.

Ritesh Shukla, CEO of NPCI International Payments Ltd (NIPL), a wholly owned subsidiary of National Payments Council of India (NPCI), Monday said after a successful launch in Singapore and France, the Unified Payments Interface (UPI) is likely to enter the North America market and other Middle-eastern countries in the coming months. However, he did not give any definite timeline for the launch. “In terms of more interoperability partnerships like what we did in France and Singapore, we will focus on countries which are of importance to Indians when they travel abroad or where we have significantly large Indian diaspora residing like the Middle East and North America and these are the target market for us in the coming days" reported Moneycontrol quoting NIPL CEO as saying in an interaction.

FanCode has acquired the digital rights of FIFA Women’s World Cup 2023 from 1Stadia and will livestream all the matches across India on its digital platform. As per the company, the matches can be watched on FanCode’s mobile app, TV app available on Android TV, Amazon Fire TV Stick, Jio STB, Samsung TV, Airtel XStream, OTT Play and on the FanCode website.

The world is flooded with bizarre days to celebrate. However, today is a day that is quite significant if you communicate in the digital space. July 17 is recognised as World Emoji Day. From crying (

The CBIC on Monday issued a clarification with regard to availment of input tax credit (ITC) on services provided by the head office (HO) to its branch office (BO), a move which will benefit multilocational businesses operating in sectors like manufacturing, IT services and transportation.In respect of the supply of internally generated services by HO to BOs, where full input tax credit (ITC) is available to a BO, the value declared on the invoice by HO to the said BO may be declared as ‘Nil’, and thereby there would be no need for any tax compliance in such cases.

telecom technologies will be employed in the current fiscal, a top official of the Telecom Sector Skill Council said on Monday. The Telecom Sector Skill Council (TSSC) also announced setting up a new Centre of Excellence for Skill Development Training in collaboration with Finnish telecom gear maker Nokia at Kaushalya — The Skill University campus in Ahmedabad.

Despite growing interest in private markets and other alternative investments, US venture capital (VC) funding activity saw a significant slump in the first half of 2023 according to new stats.

litigation funding and analytics firm Fightright Technologies is set to launch the generative AI-based chatbot ‘LawGeek’. The Kolkata-based firm is launching this chatbot under the BharatKanoon which will provide users with foundational direction for their legal queries.

The visit of Prime Minister Narendra Modi to France on 13-14 July defined a new era in already-strong bilateral ties between the two countries. The Prime Minister’s official visit to France was significant as well as special, as it also marked the 25th anniversary of the India-France Strategic Partnership. During the visit, the importance of the partnership was highlighted in how it sought to address global challenges, including climate change, clean energy, health, food security, and development, among others.

Mobile payments are being effortlessly accepted in every nook and corner of the country. Paytm’s superfast innovations and technology like Soundbox and QR code have been shown to not only empower merchants but also simplify mobile payments making people go cashless. In fact, there are several small merchants and youngsters who are the proud ambassadors of Paytm’s pioneership in mobile payments.