Digital Financial News
09.07 / 18:53
COST
UPS
Digital
TCS
IT firms to cut payouts as outlook weakens
MUMBAI : The information technology (IT) industry is likely to offer muted variable payouts of 60-70% of the promised amount for the June quarter, with top performers getting as much as 80%, as IT companies focus on saving costs amid a weakening revenue outlook and reduced employee turnover. “Considering the current sentiment, there is a possibility that employers take a prudent approach, and payouts will be made only to those teams whose businesses have performed well," said R. Ramesh, director of digital business solutions, professional staffing and international engagement at staffing firm Adecco Staffing.
09.07 / 14:27
Provident
Digital
Aware
Platform
Assurant
Centre
Centre holds outreach programme with pensioners’ association
Senior officials of the Department of Pension & Pensioners’ Welfare (DoPPW) under the Union Personnel Ministry has conducted an outreach programme with a pensioners’ association here aimed at enhancing their ease of living, according to an official statement issued on Saturday. The DoPPW has been holding awareness programmes for pensioners in online mode as well as through interactive meetings to dispense information and also to understand issues faced by pensioners as well as dwell on any suggestions forwarded by them.
09.07 / 14:27
FIVE
Digital
Cooper
Aware
Platform
Fighting
end
Exploring the world of fake currency and how to end it
In an increasingly digitized world, where cashless transactions are promoted and are widely popular, one may safely assume that the threat of fake currency has long passed. However, the reality is far worse than one could imagine. Counterfeit currency was and continues to be one of the most pressing issues in the modern interconnected world, impacting the integrity of financial systems, stability of the economies, and daily life of ordinary individuals.
09.07 / 10:01
Digital
ONDC users can now buy CCIC handicrafts, handloom products
Digital Commerce (ONDC), allowing users to purchase handicrafts and handloom products, the government said on Sunday. The corporation's collaboration with ONDC signifies CCIC's commitment to expanding its market presence and making its exquisite range of handicrafts and handloom products easily accessible to customers across various buyer apps within the ONDC network, the Textiles Ministry stated.
09.07 / 09:35
09.07 / 09:27
Digital
Booking
Google
Platform
Mobile
Remark
Enterprise
stake
acquires
Adani Digital Labs acquires 29.81% stake in Trainman; here's how you can use Trainman to book your train tickets
Digital Labs Private Limited (ADL), a subsidiary of Adani Enterprises, has recently completed the acquisition of a 29.81% stake in Enterprises Private Limited (SEPL), popularly known as Trainman, an innovative online train booking and information platform. The official announcement regarding this strategic acquisition was filed with the exchange on July 7. This move follows Adani Enterprises' previous declaration of its intention to obtain full ownership of SEPL.
09.07 / 08:49
Digital
Align
Remark
Marvell
Persona
Harry Potter characters get a royal makeover by Sabyasachi in viral Instagram post
Artificial Intelligence (AI) continues to astound the online community with its remarkable capabilities, and its latest feat involves the iconic world of Harry Potter. An Instagram post has recently gained widespread attention for showcasing how renowned designer Sabyasachi would envision the costumes of beloved Harry Potter characters.
09.07 / 08:49
UPS
Digital
Align
Bank of India plans share sale to meet Sebi's minimum public holding norms
Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. «We are exploring options to meet Sebi's minimum public holding requirement.
09.07 / 08:37
Digital
Booking
Manufacturing
Platform
Apple
Parke
Hyundai
Hyundai Exter SUV launch tomorrow: How to watch livestream, what we know so far
Hyundai Exter. As revealed by the auto manufacturer, the Exter SUV will come in six single-tone and three dual-tone color options including Cosmic Blue and Ranger Khaki. Here’s everything that we know about the SUV so far Bookings of the Hyundai Exter SUV are currently open.
09.07 / 08:33
UPS
Lowe's
Digital
CEO
Align
Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
Airtel Payments Bank is experiencing «strong tailwinds of demand», and will grow its banking points and deepen product offering range this year, as it looks to raise customer count and average realisation per user, according to CEO Anubrata Biswas. Airtel Payments Bank will also launch its physical debit card for rural banking consumers in September quarter (Q2FY24), having launched it already in urban markets.
09.07 / 06:25
Provident
Digital
Platform
Software
TCS
GST Council to clarify on TCS liability of e-commerce suppliers on ONDC
GST Council on July 11 is expected to clarify on the TCS liability of suppliers engaged in e-commerce trading through Open Network Digital Commerce in cases where multiple operators are involved in a transaction. ONDC or Open Network for Digital Commerce is a new initiative of the department for promotion of industry and internal trade (DPIIT). So far, there is no clarity on who should be liable for TCS compliance under GST laws.
09.07 / 06:15
COST
UPS
Waves
Digital
Booking
Bajaj Triumph Speed 400 and Scrambler 400X gets 10,000 bookings in India: Report
Bajaj-Triumph Speed 400 costs ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of July. The company, however, has not revealed the price of Scrambler 400X.
09.07 / 06:03
Digital
Google
Action
Software
Agency
Government to hire agency to estimate size of digital economy
government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document. The selected agency will be roped in for a period of nine months for the assignment. The agency will need to submit the draft report on estimation of the size of the digital economy and projections from the current financial year till 2029-30 to Ministry of Electronics and IT (MeitY) within 32 weeks from the date of selection.
09.07 / 02:43
08.07 / 18:51
Citi
Provident
Target
Digital
Waters
Platform
Action
View: India model for empowering cities to drive global change
Mayoral Summit of the Urban 20 Engagement Group under India's presidency of the G20 concluded yesterday with renewed commitment and deeper collaboration towards the shared global objective of sustainable urban development. This year's U20 sought the widest possible representation. More than 430 delegates actively participated in the Mayoral Summit which also welcomed 92 mayors and city leaders, of which 57 were from international cities, as well as more than 70 organisations from academia, think tanks and industry.
08.07 / 16:05
FIVE
Digital
Career
CEO
PwC
jio financial
jio financial services
services
Financial
Isha Ambani, ex CAG Rajiv Mehrishi appointed directors on Jio Financial Services
Reliance Industries Ltd, the company said on 8 July. Earlier, Reliance announced its plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
08.07 / 14:03
Digital
Aware
Platform
Bihar Police seek ban on over 100 gambling, gaming, 'illegal' loan apps
Information Technology (MeitY), seeking a ban on more than 100 gambling or gaming and loan-providing apps that are allegedly engaged in money laundering and pose a threat to the financial security of the country. The Economic Offences Unit of the Bihar Police recently approached MeitY, urging it to ban more than 100 such apps, a senior officer said on Saturday. «The decision was taken after confirming that these apps attract Section 69 of the Information Technology (IT) Act as they contain materials which are prejudicial to the sovereignty and integrity of India.
08.07 / 13:13
08.07 / 12:45
UPS
Digital
Amazon
CEO
Workday
Net Worth
Ahead of Prime Day, Here’s Founder Jeff Bezos’ Net Worth
Prime Day—Amazon’s exclusive annual sale for Prime members—is coming up on July 11 and 12, 2023. With more than 200 million subscribers globally, Prime Day usually clocks some impressive sales numbers. In 2022, Prime Day sales brought in $12 billion for Amazon (AMZN). The world’s largest online retailer, Amazon’s success is one of the main factors behind founder Jeff Bezos’ billions. In fact, Prime Day sales were a driving force behind him being named the richest person on earth in 2018.
08.07 / 12:35
Provident
Digital
Booking
Platform
Enterprise
stake
Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform
Gautam Adani's business conglomerate, has acquired approximately 30 percent ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of Trainman, an online platform for booking train tickets. Adani Enterprises had previously disclosed its intention to purchase the entire stake in SEPL.
08.07 / 11:59
Digital
Microsoft
Google
Software
Hewlett-Packard
Coherent
In the age of AI, tech's little guys need big friends
tech industry loves its garage startup stories. From Hewlett-Packard to Google, the tales of bootstrapped companies that have turned into giants have inspired generations of entrepreneurs. But the huge amounts of money and computing power needed for startups trying to make a go of it with today's hottest technology, the artificial intelligence used in chatbots like ChatGPT and Google Bard, may be making those inspirational tales a thing of the past.
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