Digital Financial News

04.07 / 11:43
UPS Digital SUN NIFTY SENSEX index Stock market update: Nifty Pharma index advances 0.45%
Shares of Dr Reddys Laboratories(up 1.77 per cent), Sun Pharmaceutical Industries(up 1.56 per cent), Sanofi India(up 1.08 per cent), Cipla(up 1.0 per cent) and Glaxosmithkline Pharmaceuticals(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, Laurus(down 1.96 per cent), Glenmark Pharmaceuticals(down 1.49 per cent), Gland Pharma(down 1.35 per cent), Divis Laboratories(down 1.04 per cent) and Granules India(down 1.0 per cent) finished as the top losers of the day.
04.07 / 11:13
UPS Lowe's Digital NIFTY SENSEX index Stock market update: Nifty Realty index falls 0.18%
Shares of Mahindra Lifespace Developers(up 2.97 per cent), Macrotech Developers(up 1.22 per cent), SOBHA(up 0.76 per cent), Brigade Enterprises(up 0.68 per cent) and Prestige Estates Projects(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, Godrej Properties(down 1.35 per cent), Indiabulls Real Estate(down 1.32 per cent), Oberoi Realty(down 0.75 per cent), DLF(down 0.68 per cent) and Phoenix Mills(down 0.09 per cent) finished as the top losers of the day.
04.07 / 11:13
UPS Digital Platform IIT Guwahati rolls out an Online Bachelor of Science (Honours) Degree in Data Science and Artificial Intelligence on Coursera
Bachelor of Science (Hons) degree programme in Data Science and Artificial Intelligence on Coursera, an online learning platform. Anyone after Class XII or its equivalent, with mathematics as a compulsory subject, can apply.
04.07 / 11:13
Facebook UPS Twitter Digital Google MCA to handle competition issues in digital markets; Meity to look at sector-specific, technical issues
Ministry of Corporate Affairs (MCA) said on Tuesday that it would look into competition issues in digital markets while the Ministry of Electronics and Information Technology (Meity) will deal with sector-specific and technical issues. This draws a line between the responsibilities of the two government departments with respect to regulating digital intermediaries such as Facebook, Google, Twitter, etc.
04.07 / 11:11
COST UPS Digital Platform Future Financial BIS builds out 'game-changing' blueprint for the future monetary and financial system
A special chapter of the BIS Annual Economic Report 2023 details a blueprint for the future by rethinking the existing pillars of the current monetary system. A unified ledger would combine tokenised forms of central bank digital currency (CBDC) with tokenised bank deposits and other tokenised claims, opening up a new era in the joint development of the monetary system and the economy. Hyun Song Shin, economic adviser and head of research of the BIS, comments: "We are at the cusp of another major leap in the monetary and financial system, which will have far-reaching consequences for the economy and society at large. Bringing together central bank money, commercial money, and different assets on the same platform, all tokenised and interacting, opens up a whole new range of possibilities. This would be a game-changer in how we think about money and how transactions take place." Examples of possible innovations cited by the report include:
04.07 / 09:45
Facebook Blockchain Twitter Digital Platform LinkedIn Airchains collaborates with West Bengal’s NKDA to introduce blockchain-based land ownership
Airchains, a Web3.0 middleware SaaS platform, has announced partnership with West Bengal’s New Town Kolkata Development Authority (NKDA) to transform land ownership and mutation systems through blockchain. This initiative aims to reshape land mutation by introducing 500,000 non-fungible tokens (NFTs) deployed on Polygon Supernets. Reportedly, the blockchain model will facilitate property ownership. 
04.07 / 09:41
Provident Digital CEO Platform NIFTY fund launches services open Financial Bandhan Mutual Fund launches Bandhan Financial Services fund, offer to open on 10 July; key highlights here
Mutual Fund on Tuesday launched an open-ended equity scheme, Bandhan Financial Services Fund. This new scheme offers investors the opportunity to benefit from the multi-year growth opportunities in the financial services sector.
04.07 / 09:17
UPS Digital JPMorgan Vodafone Indian Low Reliance Jio Reliance Jio's new low-cost phone unlikely to disrupt Indian telecom market
Reliance Jio's plan to launch a 4G phone at a market-low price of $12 to capture the broadly untapped entry-level 2G market in India will disrupt the bottom of the consumer pyramid, but not spark a price war reminiscent of its first such move in 2016, analysts said on Tuesday. Jio, late on Monday, unveiled an entry-level phone, called Jio Bharat, that is equipped with internet services such as digital payments to reach the roughly 250 million 2G users yet to migrate to smartphones.
04.07 / 08:39
Digital Cooper Manufacturing Nano 500 IFFCO to procure 2,500 agri-drones; launches campaign to train 5k rural entrepreneurs to promote use of nano fertilisers
nano fertilisers across the country, leading cooperative IFFCO will procure 2,500 agri-drones and train 5,000-odd rural entrepreneurs as part of its national campaign launched on Tuesday. Already, IFFCO has signed an agreement for procurement of the drones, to be used for spraying of its products nano urea and nano di-ammonium phosphate (DAP), in a phased manner.
04.07 / 08:15
Provident Digital CEO NIFTY fund launches services Financial Bandhan Mutual Fund launches Bandhan Financial Services Fund
Bandhan Mutual Fund has announced the launch of the Bandhan Financial Services Fund, an open-ended equity scheme, that allows investors to benefit from the multi-year growth opportunities in the financial services sector. The New Fund Offer will open for subscription on July 10 and will close on July 24. “A significant portion of India’s economic growth is fueled by the financial services sector. Powerful enablers like increasing financial inclusion, growing digitization, and the relatively stronger balance sheet of banks and NBFCs provide visibility for strong earnings growth for this sector. It has been a key driver of returns for the capital market with the Financial Services Index growing 18X since inception compared to 10X for the Nifty 500 Index,” said Vishal Kapoor, CEO, Bandhan AMC. “The Bandhan Financial Services Fund will go beyond the traditional Banking sector by diversifying further with investments in Capital Markets, NBFCs, Insurance, and Fintech as well, providing investors with an opportunity to benefit from India’s long-term growth story,” added Kapoor.
04.07 / 08:15
Citi Provident Digital PhonePe's Pincode goes live in ten cities
Pincode, a shopping app developed on the government-backed Open Network for Digital Commerce (ONDC), on Tuesday announced that it has gone live in 10 cities across India. The cities include Mumbai, Delhi, Nodia, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata.
04.07 / 07:47
Target Digital Strategy Buyback Wipro share buyback sees 77.4% acceptance among retail investors
₹12,000-crore share buyback programme recorded an acceptance ratio of 77.4% among retail investors, reports said.  The retail quota is categorised as those with investments less than ₹2 lakh in Wipro shares as of the record date. Wipro’s share buyback record date was June 16 and the programme ran from June 22 to June 30. Under the buyback programme, Wipro planned to repurchase 26.97 crore shares at ₹445 per unit.
04.07 / 07:47
Digital Platform Fighting Threat peace PM Modi begins SCO summit address, says 'Terrorism has become a threat to regional, global peace'
Prime Minister Narendra Modi gave a clarion call for SCO member nations to stand against terrorism during his address at the SCO Summit on Tuesday.  "Terrorism is a threat to regional and global peace.
04.07 / 07:27
Provident Digital Amazon Platform TikTok guidelines New FTC Guidelines Could Prompt Marketers, Influencers to Revisit Endorsement Practices
The Federal Trade Commission has issued a long-anticipated update to its guidelines for endorsements, which advise businesses about how to make sure consumers understand when celebrities, influencers or even regular consumers are compensated to promote or review their products. Some marketers and influencers will now need to go beyond using hashtags such as “#ad" in social media, for example, to ensure that all users will see that a post is sponsored without having to click “more" or read the full text of the post, the FTC said last week as it released the update.
04.07 / 07:03
COST UPS Target Digital Apple Before Apple's Vision Pro hits the shelves, lower-priced rival Xreal claims it's near 200k shipments
BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments will soon reach 200,000 units.
04.07 / 06:47
UPS Digital Amazon International Amazon miniTV to premiere international shows dubbed in Hindi
Amazon miniTV, the free video streaming service available on the Amazon shopping app and Fire TV, has announced the launch of a new category, “miniTV Imported", that will premier international content dubbed in Hindi. Spanning genres such as romance, drama, thriller and others, the “miniTV Imported" vertical will stream global shows every month ranging from Korean, Turkish, Mandarin and Spanish dramas. The first set of shows which includes Cheer Up, Heart Surgeons, and Doctor Detective, all dubbed in Hindi, will stream from 7 July.
04.07 / 06:23
Digital Vodafone Telecom stocks take hit after Jio taps rural market with $12 4G phone
Reliance Jio revealed plans to launch a $12 4G phone to capture the broadly untapped entry-level 2G market in India. The new phone could drive Jio's subscriber additions by 20-22 million annually, boosting its revenue and operating earnings by 2-3% in the next fiscal year, analysts at Jefferies wrote in a note. It could also hit the revenue and operating earnings of rival Bharti Airtel by 1-2% during this period, the analysts added.
04.07 / 06:23
Provident MET Digital Remark Vladimir Putin, Xi Jinping to attend virtual SCO summit hosted by PM Narendra Modi
SCO) on Tuesday will hold an online summit hosted by India seeking to expand the influence of the Eurasian group by including Iran and opening a path to membership for Belarus. China's President Xi Jinping and Russian leader Vladimir Putin will participate in the virtual summit, which will be Putin's first appearance at an international event since the short-lived mutiny by the Wagner mercenary group in late June.
04.07 / 05:11
Blockchain Provident Digital Man Action Mobile Bitcoin IT engineer fakes kidnapping to extort money from family in Lucknow after he loses big on cryptocurrency investment
Naman Kumar has been accused of orchestrating his own kidnapping in a desperate attempt to extort money from his family. The reason for his drastic actions was the substantial monetary loss he had incurred as a result of cryptocurrency investments.
04.07 / 05:11
COST UPS Provident Digital Puzzle How to file ITR-2 online with salary, capital gains and other incomes for FY 2022-23
ITR 1 is a widely-used form for salaried individuals with specific income sources, it cannot be used by everyone. When an individual is a non-resident or not-ordinarily resident or his income surpasses the limitations of ITR 1 such as total income is more than 50 lakh or involves multiple house properties, or consists of capital gains, the income tax return (ITR) has to be filed using ITR 2 only. The form ITR 2 cannot be used by an individual having income from a business or profession. One can file ITR-2 through different methods. It can be filed using the income tax department's Excel or Java utilities or online directly through the income tax e-filing portal. In this article, we have explained the most efficient method to file your ITR-2 online with illustrations on reporting salary, capital gains and other incomes.

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