Digital Financial News

FMCG) sector is expected to grow 7-9% this fiscal, slightly slower than the 8-9% clip of the past two fiscal years, said Crisil. Higher volume is expected to drive revenue growth, amid support from gradual recovery in rural demand. On the other hand, urban demand will see stable growth on a higher base. “After subdued volume growth in the past two fiscals at 1-3%, the sector is likely to record a 4-6% volume expansion this fiscal, supported by gradual recovery in rural demand, and steady urban demand. That said, any adverse impact of El Niño conditions on rainfall patterns this monsoon season will have a bearing on rural demand and remains monitorable,” said Anuj Sethi, Senior Director, CRISIL Ratings. Product realisations are foreseen range-bound — even moderating in a few categories — this fiscal because of price cuts in certain products where raw material prices have moderated. In contrast, revenue growth in the past two fiscals was driven by higher realisations. Lower raw material costs, primarily of edible oil, crude derivatives and chemicals, will help offset higher selling and marketing spend, leading to a 50-100 basis point improvement in operating margin to pre-pandemic levels of 20-21%, compared with consecutive years of erosion.

cabinet is expected to give a nod to the Digital Personal Data Protection Bill on Wednesday, reported ET NOW, citing sources. The bill is likely to be introduced during the monsoon session of Parliament starting July 20, 2023. The DPDP Bill, a second attempt at a legal framework for data protection, sets out rights and duties of citizens and obligations of organisations for using data.

Pear ring if you're single and ready to mingle. Single people have begun to replace traditional dating apps with these fashionable silicone rings, known as Pear rings (pairing), which are rapidly gaining popularity among those seeking to mingle with like-minded individuals. The concept behind this trend aims to alleviate awkward encounters with individuals who are already committed.

Audio series are the most preferred audio content format, accounting for 41% of overall consumption, according to a survey by audio OTT platform, Pocket FM. Music followed closely at 29%, while audiobooks and podcasts were preferred by 20% and 10% of internet users, respectively. The online survey was conducted between April and May this year among 9,616 Internet users from India, who are actively consuming entertainment content on video and audio OTT services.

Samsung consumers can access the Digital Service Center by going to the support menu on https://www.samsung.com/in or directly logging on to www.samsungdigitalservicecenter.com As announced by the company, the digital service center will provide personalized support based on the needs of consumers. This includes a simplified user navigation journey, quick access to category-wise self-help content, category-specific DIY videos, mobile app experience, and model-specific repair and spare part prices at one page.

Disney+ Hotstar will stream IB71, a spy thriller starring Vidyut Jammwal, on 7 July. When released in cinemas this May, the film had made Rs. 23 crore at the box office.

BSE SME exchange at a premium on Wednesday. The stock was listed at ₹86.05 per share, nearly 4.9 percent higher than the issue price of ₹82 on the BSE SME exchange.  On day 3 of the subscription, the issue was subscribed 2.46 times. The retail investors portion was subscribed 1.65 times and other category was subscribed 3.26 times.

Virtual Digital Assets (VDAs) like cryptocurrencies, non-fungible tokens (NFTs) and any other VDAs notified by the government. The new tax rate for VDA came into effect from the financial year 2022-2023 (Assessment year 2023-24).

Also read: Indian economy may slow down in the second half, RBI may cut rates in Q4, says Jahangir Aziz of JP Morgan Among the sectors, the professional services industry experienced the highest growth, with a doubling of headcount compared to last year. Companies have been increasingly seeking external expertise to expedite business operations and navigate global uncertainties. This trend is particularly evident in areas such as taxation, business consulting, risk advisory, deal advisory, technology services, and ESG services.

₹90.61 apiece on BSE. The stock touched intraday high of ₹92.50. “A strong gap up opening is seen followed by some volatility in initial trades, the momentum is definitely on the positive side, with the bullish gap range 86 - 88 to act as support whereas the momentum has potential to push prices towards 3 digit i.e.

WiFi was pitched by the government as a key driver of broadband coverage, the results aren’t very flattering.India has missed its public WiFi hotspots rollout target by a mile. The count is a paltry 0.5 million, a far cry from the 10-million target by the end of 2022 outlined in the National Digital Communications Policy-2018.

Garena Free Fire Max redeem codes can be used to win in-game items like weapons, diamonds, skins and more. These 12 digit alphanumeric codes consist of capital letters and numbers. For those unaware, Garena Free Fire Max is a revamped version of Garena Free Fire.

Brazilian lawmakers have summoned the heads of major crypto exchanges to parliament, with representatives of the trading platforms Binance, Bitso, and OKX all set to attend.

Swiggy will be the latest entrant to follow in the wake of Myntra, Paytm and Flipkart to launch a co-branded credit card with private-sector lender HDFC Bank, three people in the know told ET. The food delivery platform is relying on flat discounts and special offers on its hyper local delivery services for users who use its co-branded card product.

Facebook has lost a legal challenge at the European Union’s top court over a groundbreaking German antitrust decision that limited the way the company uses data for advertising

As Bitcoin's (BTC) price tests the key psychological level of $31,000, investors are closely watching to assess whether this presents a favorable opportunity to enter the market. 

MUMBAI : The Indian Banks’ Association (IBA) is working on a proposal to establish a common customer care centre to serve all its 12 public sector bank (PSB) members, aiming to save on costs and offer a consistent customer experience, two people aware of the development said. The idea is to provide a single helpline number that customers across banks can dial for queries and complaints. According to the proposed plan, an interactive voice response (IVR) system would greet customers and address initial queries, with calls transferred to respective bank call centres to address complex issues that require human intervention, the people said on condition of anonymity.

Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering aligns with the Digital Payment Vision 2025, propelling the nation towards a cashless and cardless society, PNB said in a statement.

Digital assets token accounts and crypto celebrities on Twitter have gained an “influx of fake followers,” a new report reveals.

Worldwide singer-superstar Justin Bieber is deep in the red ever since joining the NFT world’s infamous Bored Ape Yacht Club (BAYC) last year. 

Nirmala Sitharaman and Rajeev Chandrasekhar on Tuesday discussed various issues related to the digital competition law. A panel chaired by Corporate Affairs Secretary Manoj Govil will be preparing a report on digital competition law, where it will examine various regulatory aspects in dealing with challenges emerging from the digital economy.