Innovations Financial News

India's existence and across a series of budgets, one factor has remained constant: the economy's high dependence on the farm sector, thanks to its contribution to economic growth and consumption expenditure. So, it's good to see this budget putting the impetus on agriculture and its focus on more effective, efficient and climate-resilient public spending.

In the rapidly evolving world of finance, decentralized finance (DeFi) stands out as a burgeoning sector that promises to redefine our understanding and interaction with money. Horne’s work is not just another guide but a profound exploration of the implications and opportunities DeFi presents.

NBA) has renewed its partnership with The Walt Disney Company and signed new agreements with NBCUniversal (NBCU) and Amazon for a reported $77 billion for 11 years.

LPL Financial LLC has announced that the advisors of Investment Advisors Financial Group have joined LPL Financial’s broker-dealer, registered investment advisor (RIA), and custodial platforms. According to a company statement, the group, previously with Osaic, manages approximately $1 billion in advisory, brokerage, and retirement plan assets.

J.P. Morgan Asset Management released its 2024 Defined Contribution (DC) Plan Participant Survey, highlighting evolving expectations of retirement plan participants. The survey shows a growing demand for robust retirement income support and better financial wellness resources.

MediaTek, a leading fabless semiconductor company, and JioThings Limited, subsidiary of Jio Platforms Limited, on Thursday announced the launch of “Made in India” Smart Digital Cluster and Smart Module specially tailored for the two-wheeler (2W) market.

Nirmala Sitharaman, marks a significant step towards realising the vision of a ‘Viksit Bharat’. The Union Budget focuses on fiscal consolidation with a target of a 4.9% fiscal deficit of GDP. Key allocations include substantial funding for infrastructure, rural development, employment, and skilling initiatives. Significant policy changes include the abolition of the Angel Tax for startups, and promoting investment and innovation. The budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women's development with a strong support to MSMEs and entrepreneurship.

Indo-Korean Startup Community Meetup, at the Embassy of India in Seoul, attended by over 80 participants including 50+ founders, investors, academia, government officials, media, and industry experts. The Circle FC team also met and engaged in a discussion with H.E. Amit Kumar, the Ambassador of India to South Korea on steps to strengthen India-Korea startup cooperation

ultra-slim iPhone 17 will not replace the Plus version but will instead offer a fresh take on design trends. This innovative model will prioritize aesthetics and physical feel over raw hardware power, marking a shift in Apple's approach to smartphone design.As per several media reports, the ultra-thin iPhone 17 is expected to feature a screen size of approximately 6.6 inches, with a resolution of around 2,740 x 1,260 pixels, ensuring sharp and vibrant visuals.

BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers' first-quarter earnings.

The NBA signed its 11-year media rights deal with Disney, NBC and Amazon Prime Video on Wednesday after saying it was not accepting Warner Bros

₹15,000) on a recruit’s first salary, internships offered at India’s top 500 companies, reimbursements of provident fund contributions and other measures aimed at higher participation of women in the workforce are expected to drive job creation substantially. The budget also aims to establish India as a leading startup nation. Key provisions include relief on the ‘angel tax’ and increasing the Mudra loan scheme’s limit from ₹10 lakh to ₹20 lakh per borrower.

NVIDIA’s recent rise to the top of the U.S. stock market also underscores the significant potential of the AI sector. Additionally, due to public endorsements from prominent national leaders and policymakers, market expectations for cryptocurrency assets have increased. However, accurately grasping market hotspots during capital rotation is a concern and focus for investors.

Northern Trust Asset Management has hired a former Goldman Sachs Asset Management leader as its global head of product strategy.

space sector has immense economic potential, likely to be worth Rs 35,200 crore, about 8% of the global share by 2033. On 23 July, the Finance Minister announced the creation of a dedicated “space fund” worth Rs 1,000 crore, aiming to boost India’s space economy, attract investment and in the global space industry. According to Mr. Pawan Goenka, IN-SPACe Chairman, the fund is expected to be a professionally managed entity that supports space businesses. India has showcased on the global stage its ability to innovate on a frugal budget, fulfilling the Chandrayaan-3 mission at a cost that was merely 3% of the Russian moon missions. This Budget proposal signals the Government’s intent to give a fillip to the Indian space sector by providing financial support, mentorship and guidance to emerging space startups. The establishment of the space fund marks the next step in a successful PPP collaboration aimed at advancing the technology essential for India's success in this field.

₹14.90 lakh (ex-showroom) and will be sold as a fully built unit. The BMW CE 04, now the priciest electric scooter in India, boasts an 8.5 kWh battery pack, promising an impressive range of up to 130 kilometres on a full charge. Included with the purchase is a 2.3 kW home charger that can charge the scooter from 0 to 80% in 3 hours and 30 minutes.

The teams that proposed use cases in an initial challenge conducted earlier this year represent veteran financial companies, fintech firms, technology firms, and private teams. The use cases that were selected by an internal committee at the central bank deal with a variety of functions: connectivity between the digital shekel, other payment systems, and cash; use of the advanced functionalities offered by the digital shekel, such as subwallets, conditional payments, and split payments; and the implementation of various technologies while using the digital shekel as a means of payment. The central bank intends to put participant proposals to the test in a digital sandbox in August, with products developed to be showcased at a concluding conference at the end of October. Bank of Israel deputy governor Andrew Abir says: “We have learned quite a lot from the process thus far in building the Challenge and in discussions with the teams that have shown interest, and I am certain that we will learn much more from the case uses that will be developed by the selected participants.

₹1.4 trillion in the previous budget (revised estimate) to an estimated ₹1.47 trillion. Boosting employment and employability was rightly given utmost priority in this year’s budget. The announcement of three employment-linked incentive (ELI) schemes for first-time workers, job creation in manufacturing and support for employers are in line with CII recommendations.

FAAD Capital has invested in four agritech startups — Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech — to support their growth plans. In a statement on Wednesday, FAAD Capital, a Sebi-registered Category 1 angel fund headquartered in Gurgram, said it has made a strategic investment in four innovative agritech startups as part of their AgriManch Accelerator.