Digital Financial News

Luminex, a launchpad platform for Bitcoin Ordinals, has proposed a new BRC-69 standard which promises a staggering reduction of more than 90% on inscription costs.

Shares of Oberoi Realty(up 2.08 per cent), DLF(up 2.02 per cent), SOBHA(up 0.5 per cent), Macrotech Developers(up 0.34 per cent) and Prestige Estates Projects(up 0.3 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises(down 1.25 per cent), Phoenix Mills(down 1.14 per cent), Mahindra Lifespace Developers(down 0.65 per cent) and Godrej Properties(down 0.08 per cent) finished as the top losers of the day.

Kiran Mazumdar-Shaw has always been a cheerleader for three-time Grammy Award-winning music composer Ricky Kej. Recently, the Biocon Executive Chairperson congratulated the 41-year-old composer on being awarded the UN Goodwill Ambassador plaque last month. In her post, she wrote, «Kej — you make a great ambassador.» Kej too dropped a sweet reply to Mazumdar-Shaw.

Marico said on Wednesday its consolidated revenue for the June quarter fell in the low-single digits percentage range, dragged by sluggish sales in rural markets and a move to cut prices of its Saffola edible oil. «Signs of improvement on a sequential basis were not clearly visible… the anticipated pickup in rural demand remained elusive,» Marico said in a statement.

cryptocurrency exchanges, and its founder, Changpeng Zhao, for illegal activities have put commoners’ and businesses’ thinking about the legitimacy and security that was initially promised by cryptocurrencies, non-fungible tokens (NFT) and virtual asset service providers (VASP). Cryptocurrency is a modern-day juggernaut. Its global market was valued at $2,191.25 million in 2022 in the Cryptocurrency Market Report by Polaris Market Research, with an expected Compound Annual Growth Rate (CAGR) of 11.6 per cent from 2023 to 2032.

New Delhi: Godrej Consumer Products Limited (GCPL) reported double-digit volume growth in its India business in the June quarter with double-digit volume growth recorded in home care segment and higher than mid-single digit volume growth in personal care, the company said in its quarterly update on Wednesday. The update provides a summary of the company’s operating performance and demand trends during the quarter ended June 30, 2023. GCPL is yet to announce its 1Q FY24 financial results.

Bitcoin, the leading cryptocurrency, is currently trading at $30,869, experiencing a 1.10% decrease on Wednesday. 

Bajaj-Triumph Speed 400 comes with a starting price of ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of this month. The price of Scrambler 400X will be announced later.

French advertising and public relations company Havas’s India arm, Havas Media India, has announced the acquisition of PivotRoots, a digital marketing and communications agency. PivotRoots was launched in 2016 by Shibu Shivanandan, Hetal Khalsa, Dhruvi Joshi, and Yogesh Khanchandani.

New Delhi: Union minister Jitendra Singh on Wednesday urged G20 countries to overcome their differences and tackle challenges that the world is facing. Speaking at the G20 Science ministers meeting in Mumbai, Singh emphasized the importance of global collaboration and knowledge sharing in addressing the complex issues of our time. He highlighted Prime Minister Narendra Modi’s consistent emphasis on this matter at various international forums.

cricketing rights in India even as increasing live-streaming viewership and splitting of TV and digital rights between different entities make monetisation of cricket events a challenge.Disney Star, Sony-Zee, Viacom 18, and smaller media players are expected to invest more than $11 billion on marquee cricket properties during the 2023–2027 cycle, officials and analysts said. “Cricket continues to attract huge investments since it guarantees eyeballs,” said Rajesh Kaul, head of sports business at Sony Pictures Networks India (SPNI).

Nokia 110 4G is priced at ₹2,499. It is offered in Artic Purple and Midnight Blue colour variants. The Nokia 110 2G, on the other hand, is priced at ₹1,699 and has two colour options to choose from – Charcoal and Cloudy Blue.

Poonawalla Fincorp rallied over 4% on Wednesday after the company reported robust business update for the first quarter ending June 2023. The stock hit its fresh 52-week high of ₹375.80 apiece on the BSE during the session. The NBFC recorded its highest ever total disbursements of ₹7,050 crore during Q1FY24, registering a growth of 143% from ₹2,901 crore in the same period last year.

small online businesses have shown remarkable resilience and adaptability, which has played a crucial role in their tremendous success. To gain deeper insights into the performance of these businesses across the globe, eBay, a global commerce leader that connects millions of buyers and sellers around the world, released its 'Small Online Business Inclusive Global Trade Report’. This report, covering 18 markets worldwide, showcases the remarkable success of small businesses in the global export industry. Small businesses worldwide demonstrate a remarkable level of activity, with at least 93% of them engaging in exporting their goods on diverse global marketplaces. Moreover, India is a notable new player in small business exports, with a 58% newcomer rate in cross-border trade. Another interesting revelation was that businesses with online presence are averaging sales into 13 to 35 international markets, compared to the limited reach of offline businesses. The report provides significant insights and intelligence about the expanding eCommerce industry. Its key findings comprise:Small online businesses are reaching multiple international markets

From sleek and slim designs to high-resolution displays and smart features, these customer-loved brands offer a range of options to suit every preference and budget.

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Digital Personal Data Protection Bill, 2022 on Wednesday and once it gets the approval, the Bill will be tabled in the upcoming Parliament session," a senior government official requesting anonymity told Indian Express. Last year in December, Union Minister Ashwini Vaishnaw had said that the government expects to get the Digital Personal Data Protection Bill and Telecommunication Bill passed in Monsoon session of Parliament.

UN Security Council meeting on cyber-security. Almost everyone at the meeting stressed what all states have already agreed: international law, including the UN Charter in its entirety, applies in cyberspace. Russia did not.

shopping/booking/hiring of products and services. One such interesting finds of the survey is that a smartphone consumer in India benefits by ₹6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class.

Nifty have both had solid starts to the month of July thanks to strong buying across all sectors and encouraging global indications. The benchmark indices settled at their record closing highs for the fourth straight session on Tuesday, continuing the domestic market's milestone-setting frenzy. With a strong infusion of foreign money and an upbeat macroeconomic outlook, the Indian market has been on the rise.

Reliance Jio, has launched internet-enabled Jio Bharat phones at just Rs 999. The company has launched the phone with a motto to accelerate the '2G Mukt Bharat' vision.