Services Financial News

The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives.

Wipro Pari, the industrial automation business of Wipro Enterprises, announced it has signed a definitive agreement to acquire a significant majority share capital of Ferretto Automation and Services, a subsidiary of Ferretto Group based in San Polo — Reggio Emilia, Italy. Ferretto Group continues to hold a minority participation in the project; Riccardo Ferretto will be the chairman and managing director of the new company and will be responsible for the overall business activities. “Our industrial automation business has grown significantly in the last five years. We are already an acknowledged market leader in providing turnkey automation solutions for global automotive OEMs specifically in the emerging BEV – Battery Electric Vehicles and HFCV – Hydrogen Fuel Cell Vehicles.

₹205.10 apiece on BSE on Thursday. At 10:54 IST, Zaggle share price recovered but was down over 2% at ₹209.30 per share.

The price of ImmutableX (IMX) has dropped by 2.5% in the past 24 hours, despite Immutable announcing yesterday that it had joined Amazon's ISV Accelerate Program.

Listed telco Telstra has agreed terms to buy cloud services business Versent for $267.5 million, afterseeing off rival bidder Japan’s NTT as flagged by Street Talk on Monday.

Telstra plans to use its $267.5 million purchase of cloud computing specialist Versent to sell more services to international corporate and government customers as Australia’s biggest telco strengthens its digital services.

Western Railway in Mumbai, an official said on Tuesday. The block, which began on October 7, has been put in place for the construction of the sixth line between Khar and Goregaon railway stations, he said. As per a release, around 2,700 suburban services will be cancelled and about 400 services will be partially disrupted or short-terminated from October 20 onwards.

best assignment help online survey of 87,543 students and meticulously shortlisted the best law assignment help services. These services are led by expert law assignment helpers, who deliver excellence in assisting law students with their assignments. In this comprehensive review, SicarioAds meticulously evaluated and identified the top online law assignment help services.

Key Takeaways

Porter has announced its foray into Kanpur with its diversified logistics services. The tech-based on-demand logistics companies seeks to ensure efficient and hassle-free goods movement through its range of vehicles.

Flipkart suspended its grocery delivery services after suffering an outage on Tuesday as the rush of people overwhelmed the platform amid its annual ‘Big Billion Days’ festive sale. The Flipkart Grocery service was down on the app as well as the web. “Please come back tomorrow. We are overwhelmed by your response,” said a banner as users landed on the grocery section of the app.

Amazon has sought approval from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to offer broadband-from-space services in the country. This would make the US e-commerce firm the latest entrant in India's nascent but fast-growing satellite communications (satcom) market. Amazon would be pitted against the likes of Elon Musk-owned Starlink, Bharti-backed Oneweb and Reliance Industries' Jio Satellite in India which has issued a new space policy earlier this year aimed at spurring private investments in the sector. The Jeff Bezos-led company is also expected to apply to the Department of Telecommunications (DoT) for a global mobile personal communication by satellite services (GMPCS) licence. A query to Amazon regarding its application remained unanswered at the time of going to press. While Oneweb and Jio Satellite have secured a GMPCS license, Starlink's application is expected to be taken up this week by an inter-ministerial panel. India's Space Policy 2023 allowed private low-earth orbit (LEO) and medium-earth orbit (MEO) satellite constellation operators to launch fast broadband from space services in the country. The new policy permits foreign entities to set up infrastructure and offer satellite services.

The services are led by Emma Bickerstaffe (pictured), managing director, ESG and sustainability, who joined from MJ Hudson.

“Though Nifty is almost trading near to the 19650 level, the broader market and the participation from most of the large-cap stocks are clearly indicating that sentiment is now turning towards the bullish side,” says Rajesh Palviya of Axis Securities. Edited excerpts: ET Now: Firstly, let me come to you and talk about the levels for Nifty as well as Bank Nifty. After a good recovery on Thursday and Friday trading sessions, do you believe that as we progress in the earning season, we are set to build on to these gains? Rajesh Palviya: So we have seen the beginning of this October series was on a negative note. The short rollover was there, and the follow-up selling was there in the first phase of the first days of this October series. We almost tested a low of around 19300-19350 zone and from there, we've seen a smart recovery in the market ahead of this earning season. Then post the RBI policy, we observed that the broader market has recovered, and most of the large-cap and mid-cap stocks have also shown good buying interest.

CNBC-TV18 has reported. As per the report, both grain-based and molasses-based ENA will be exempted from GST. The report further added that the council also agreed to exempt ENA from VAT when supplied for industrial purposes.

The Monetary Authority of Singapore authorized Coinbase to offer institutional and individual crypto payment services one year after receiving an in-principle approval. With 32% of Singaporeans owning crypto, the Coinbase license may boost the uptake and price of the best cryptocurrencies, such as Ethereum (ETH) and VC Spectra (SPCT).

Motilal Oswal Financial Services expects systemic loan growth to remain healthy at 14% YoY in FY24, driven by continued traction in the Retail and SME segments. It estimates its banking coverage universe (excluding HDFC Bank) to report earnings growth of around 22% YoY in Q2FY24. Read here: Banking sector earnings preview: Expect a decent YoY earning growth in Q2 despite NIM compression, says Motilal Oswal ICICI Bank, IndusInd Bank, Bank of Baroda and SBI Life Insurance Company are the top picks of Motilal Oswal in the Banking, Financial Services and Insurance (BFSI) space.

satcom services, will soon become a reality in India, starting with live demonstrations during an upcoming event later this month. The Department of Telecommunications (DoT) has given permissions to Bharti-backed Oneweb and Reliance Jio’s satellite arm to do live demonstrations during an industry event, which will give consumers first-hand experience around satcom services. The two companies, which are holders of global mobile personal communication by satellite services (GMPCS) licenses, have also applied to the DoT to get test spectrum for doing trials on a wider scale for satcom services. The test spectrum is usually granted for a period of 90 days, but the timeframe gets extended if required. Queries sent to Oneweb and Jio Satellite Communications remained unanswered at the time of going to press. “We are analysing the applications for test spectrum from Jio Satellite and Oneweb,” said an official on condition of anonymity.

transaction banking include evolving treasury management, with treasury becoming a strategic partner. Transaction banking is a core focus for global banks in India, with Bank of America emphasising globally consistent, locally relevant solutions, Sanchay Agrawal, India head, Global Transaction Services, Bank of America said in an exclusive interaction with ET Online's Gourab Das.

Line of Actual Control (LAC) in eastern Ladakh as well as ways to enhance India's overall military prowess at a two-day conclave, people familiar with the matter said on Wednesday. The tri-services commanders' conference (Western Grouping) was held in Delhi on October 3 and 4 under the aegis of Western Air Command. Chief of Defence Staff Gen Anil Chauhan presided over the conference.