Innovations Financial News
18.09 / 05:57
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Australia’s Central Bank Prioritizes Wholesale CBDC Over Retail, Citing Greater Economic Benefits
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
18.09 / 01:47
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International
India will contribute to 35% of global energy demand in next 2 decades: Puri at Gastech
Hardeep Puri said here on Tuesday at a multinational conference held to deliberate on the world's energy needs. The 52nd Gastech Exhibition & Conference kicked off Tuesday with strategic insights from the world's five leading energy ministers, including India's, at the George R Brown Convention Center. The event, themed 'Transforming Energy Through Vision, Innovation, and Action,' brought into focus a need for global energy stability and rapid decarbonisation. In his keynote address, Union Minister of Petroleum & Natural Gas, Hardeep Singh Puri underscored India's increasingly dominant role in the global energy landscape.
17.09 / 18:45
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Why Bonk Holders Are Flocking to This New Telegram Casino – Is It the Next Big Play?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
17.09 / 14:32
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Standard Chartered Arm Invests in One Trading for Regulated Crypto Futures in Europe
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
17.09 / 12:56
Provident
SEC
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SEC Faces Criticism from Commissioners Over FlyFish NFT Case
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
17.09 / 08:14
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Can Bata India give Metro Brands a run for its money?
Subscribe to enjoy similar stories. An average American owns 8 pairs of footwear. The Japanese and Europeans own about 6 each.
17.09 / 08:01
Blockchain
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Blockchain Ledger Could Revolutionize UK’s $14.5 Trillion Finance Industry, Says Trade Body
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
17.09 / 06:31
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Piyush Goyal proposes indigenous Silicon Valley to promote startup ecosystem
Piyush Goyal, the Minister of Commerce and Industry, has called for an indigenous Silicon Valley, a dedicated township for startups in India, at the launch of Bharat Startup Knowledge Access Registry (Bhaskar). It serves as a central hub for collaboration and exchange of ideas between startups, investors, service providers and government bodies. Goyal pitched a vision to promote the sector's growth, building the largest digital registry for stakeholders within the startup ecosystem. He proposed a township of 25-500 acres to promote the startup ecosystem and provide guidance and support under one roof. On India’s position in the Silicon valley, ET reported earlier about one-third of tech employees in Silicon Valley are of Indian origin. It further said that CEOs of Indian origin head 16 Fortune 500 companies generating nearly $1 trillion in revenue.
16.09 / 19:31
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Manufacturing
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No better place than India to innovate and invest in renewable energy: PM
Narendra Modi on Monday said India's leap in the renewable energy segment offers tremendous opportunities for investors not only in energy generation but also in the manufacturing sector. «India is striving for complete made in India solutions and creating many possibilities. It is truly a guarantee of expansion and better returns,» Modi said at Global Renewable Energy Investors Meet and Expo organised by the ministry of new and renewable energy and CII. India's renewable energy demand is rising and the government is making new policies to support it, he said. Efforts are being made for 'Make in India' in the sector and the growth in the segment presents a good opportunity for the same, he said.
16.09 / 15:23
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Provident
Software
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MeitY unveils second cohort of Samridh scheme for startups
Startup Accelerators of MeitY for Product Innovation, Development and Growth (Samridh) scheme, for which 125 startups will be provided funding support and mentorship, was launched by MeitY secretary S. Krishnan on Monday. The scheme provides a first round of funding of up to Rs 40 lakh. To promote growth of India’s software product industry as part of the 100-day agenda, the Government of India is providing support to 125 startups through potential accelerators to achieve the target of nurturing 300 startups. The startups in turn get a chance to improve their products and attract funding to expand their businesses. Incubators prioritise the long-term sustainability of startups over rapid growth. India has more than 500 incubators but is still nascent in its accelerator ecosystem with K-Start, Talks, Axilor Ventures, Byron, GSF Accelerator, Gain Accelerator, T-Hub being among the few examples, sources said.
16.09 / 09:41
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SOM Distilleries and Breweries unveils 'Woodpecker' - a beer with a twist cap
SOM Distilleries and Breweries has introduced a twist cap beer with its 'Woodpecker premium Beer'. Woodpecker Premium Beer claims it to be a first in India which will feature a never seen twist-style cap. Woodpecker Premium Beer is also making its debut in Karnataka—one of SDBL’s fastest-growing and most promising markets. The Woodpecker Premium Beer range includes two standout variants: Woodpecker Glide, a premium mild beer, and Woodpecker Crest, a strong, bold beer—catering to the diverse tastes of Karnataka’s beer enthusiasts. Crafted with imported two-row barley & Indian malts and hops sourced from the Rainier region of Germany, the beer stands out as India’s first to incorporate a blend of two malts, setting a new benchmark as India’s first cross-malt beer. Woodpecker beer undergoes a brewing process of 30 days, with only one batch brewed per month to ensure unmatched consistency and flavor. The company says that Woodpecker Glide stands out as a 100% natural brew, free from adjuncts like rice and sugar, embodying purity and taste.
16.09 / 09:17
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Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump
Being a venture capitalist carries a lot of prestige in Silicon Valley
16.09 / 08:16
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Can Akzo Nobel maintain growth in a volatile paint industry? Rajiv Rajgopal answers
«The forex has been relatively stable. So, we have got to see how this navigates. For us, we have got a very clear, focused strategy to deliver growth and be in the top two in incremental growth, as you have seen in the quarter that went by,» says Rajiv Rajgopal, MD, Akzo Nobel India. Given that crude is such a crucial raw material for you, tell me the dip below 70, how is that impacting your life? Rajiv Rajgopal: Look, as far as the crude is concerned, the dip had gone down to almost $68. It has come back to 70, so it is a little unpredictable at this point of time. Firstly, whatever little benefits that come, you would see it more accrue in the next quarter and more likely in the fourth quarter if this continues.
16.09 / 03:01
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Mint Quick Edit | What fresh EV subsidies tell us about their market
Subscribe to enjoy similar stories. A fresh subsidy scheme to speed up adoption of electric vehicles (EVs) is to be rolled out. The PM Electric Drive Revolution in Innovative Vehicle Enhancement will give ₹10,000 as subsidy for each electric 2-wheeler sold till March 2025 and ₹50,000 apiece for battery-run 3-wheelers.
16.09 / 01:38
markets
COST
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Canara Bank stocks gave 44.4% returns last year; should invest in Canara Bank now? Know what analysts say
The bank has a pan-India presence across urban and rural areas and has 9,623 branches. It is a beneficiary of the banking sector’s long-term structural strengths. Rising incomes, buoyant economic growth prospects, significant under-penetration of credit, rebound in loan demand from retail, MSME and corporate segments, increasing digital adoption and product innovation are some of the factors that will continue to enhance the demand for banking and financial services.
15.09 / 18:52
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International
Companies like to pit internal teams against each other. Bad idea.
Subscribe to enjoy similar stories. Many organizations encourage competition between internal teams, believing it will spark innovation and drive performance. The trouble is, what actually happens is the opposite: Internal competition often stifles innovation.
15.09 / 18:21
markets
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Google
Software
Justice
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Going once, going twice: Google's millisecond ad auctions are the focus of monopoly claim
An ongoing trial may determine whether Google holds an illegal monopoly on the technology used to buy and sell certain types of advertising on web pages
15.09 / 15:15
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Sustainability
PwC
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International
90% of financial institutions focusing on AI, GenAI for innovation: PwC India report
financial institutions are focusing on artificial intelligence (AI) and GenAI (Generative Artificial Intelligence) as the primary technology enablers of innovation, according to a PwC India report. As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74% responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector. It said that 31 financial institutions consisting of banks, insurance firms and fintechs participated in the survey. «Artificial Intelligence (AI) and GenAI (Generative Artificial Intelligence) emerged as the focus area for innovation for Indian financial institutions, with 90% of the respondents citing them as the primary technology enablers of innovation,» it said.
15.09 / 11:55
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Canada announces new LMIA-exempt work permit for select tech companies; check eligibility & other details
The Innovation Stream is one of the four pillars of this Tech Talent Strategy, which was launched in 2023 to attract skilled talent to help Canada grow as a global tech leader, says a CIC News report. Some skilled foreign workers are now eligible to apply for an employer-specific work permit if they get a job offer from any of the employers participating in the Global Hypergrowth Project.
15.09 / 11:38
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India’s FDI restrictions need a rethink for a competitive economy
Subscribe to enjoy similar stories. India’s journey towards becoming a global economic powerhouse hinges on several factors. One is the ease of doing business.
15.09 / 09:15
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Hiring right talent isn’t enough, it is important to keep them engaged too
This makes learning an important aspect of growth. Vijai Subramaniam, Founder and Chairman, Royaloak Furniture, says, “In today's rapidly evolving business landscape, continuous learning and development are imperative for both individual and organisational growth. We must prioritise cultivating a culture of lifelong learning, encompassing both technical and soft skills.” Investment in learning
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