News for 'Financial Technologies'

AI-driven, deepfake-enabled cyberattacks to rise in 2025

AI-driven, deepfake-enabled cyberattacks to rise in 2025

Rediff.com4 Dec 2024

AI-driven and deepfake-enabled cyberattacks are anticipated to become increasingly prevalent in 2025 with sectors like healthcare and finance most prone targets, according to a recent report. The India Cyber Threat Report 2025 by the Data Security Council of India (DSCI) and Seqrite, spotlighted the evolving tactics of cybercriminals and the rise of AI-driven attacks as a major concern. "Artificial Intelligence (AI) will be used to develop highly sophisticated phishing campaigns utilising deepfake technology and personalised attack vectors, making them harder to detect.

Heroes We Must Be Proud Of!

Heroes We Must Be Proud Of!

Rediff.com3 Dec 2024

Rahul Ramagude plays cricket from a wheelchair. Geeta Chauhan is a wheelchair racer with Olympic aspirations. Siddanth uses technology to enhance movement coordination of mentally challenged children. On the International Day of the Disabled, A Ganesh Nadar meets three youngsters making a difference.

Why Is Maharashtra An Underperformer?

Why Is Maharashtra An Underperformer?

Rediff.com23 Nov 2024

'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.

Markets stage strong comeback; Sensex jumps 843 points

Markets stage strong comeback; Sensex jumps 843 points

Rediff.com13 Dec 2024

Among the 30-share Sensex blue-chip pack, Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, HCL Technologies, and Power Grid, were the biggest gainers. Tata Steel, IndusInd Bank, JSW Steel and Bajaj Finserv were the laggards.

Paytm appears poised for rebound

Paytm appears poised for rebound

Rediff.com18 Oct 2024

While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license. UPI consumer data indicates stable market share, and expansion in partner networks in financial distribution. All this implies Paytm could be set to meet guidance of turning Adjusted Ebitda breakeven by Q4FY25 (ex of UPI-incentives).

Bitcoin Rallies: Time To Book Profits?

Bitcoin Rallies: Time To Book Profits?

Rediff.com15 Nov 2024

Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.

Govt set to approve Micron Technology's $1-billion semiconductor plant

Govt set to approve Micron Technology's $1-billion semiconductor plant

Rediff.com2 May 2023

The government is close to approving a proposal by Micron Technology to set up an assembly, testing, marking and packaging (ATMP) facility in the country involving an investment of about $1 billion. The world's fifth largest semiconductor company, based in Idaho, USA, will use the facility to process some of its own wafers, manufactured across the globe.

'Post acquisition funding cost will come down'

'Post acquisition funding cost will come down'

Rediff.com29 Jan 2025

'Earlier, our cost of funds was higher than most in the peer group.'

How Bank of India Plans To Counter Deposit Woes

How Bank of India Plans To Counter Deposit Woes

Rediff.com28 Nov 2024

A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.

BSE, NSE end marginally lower in highly volatile trade

BSE, NSE end marginally lower in highly volatile trade

Rediff.com6 Dec 2024

From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.

Modi lays roadmap for India's fintech companies

Modi lays roadmap for India's fintech companies

Rediff.com30 Aug 2024

He said the transformation brought about by the fintech sector in India is not just limited to technology, but its social impact is far-reaching. He also stressed that fintech has dented the parallel economy and is bridging the gap between villages and cities on the financial services front. The prime minister also said that in the last 10 years, the fintech space has attracted investments of more than $31 billion and fintech startups have grown by 500 per cent.

Follow KYC norms or face regulatory action: RBI to banks

Follow KYC norms or face regulatory action: RBI to banks

Rediff.com19 Nov 2024

RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.

Reliance gets Rs 3,620 crore PLI sop for battery plant

Reliance gets Rs 3,620 crore PLI sop for battery plant

Rediff.com4 Sep 2024

Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.

IT aims for the sky after Accenture's Q4 results

IT aims for the sky after Accenture's Q4 results

Rediff.com5 Oct 2024

Global firm Accenture's fourth quarter results prove that the worst is behind for the Indian information technology (IT) sector, said analysts on Friday (September 27). While the pace and the broadness of recovery is debatable, they said Accenture's results and revenue growth guidance for the next financial year (FY25) reduce downside risks for Indian IT companies.

Some people trying to disturb peace by spreading venom of caste politics: Modi

Some people trying to disturb peace by spreading venom of caste politics: Modi

Rediff.com4 Jan 2025

Inaugurating the Grameen Bharat Mahotsav, the Prime Minister exuded confidence that villages will play a key role in pushing forward the dream of Viksit Bharat by 2047.

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

Rediff.com9 Dec 2024

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.

PE investment hits $30.89 bn, up 22.7%

PE investment hits $30.89 bn, up 22.7%

Rediff.com3 Dec 2024

Private equity (PE) activity in India between January and November 2024 recorded a total value of $30.89 billion across 1,022 deals, a 22.7 per cent increase in value and an 18.4 per cent rise in deal count compared to $25.17 billion across 863 deals during the same period in 2023. Notable large deals during the period include Walton Street India Investment Advisors at $1.5 billion, and KiranaKart Technologies at $1.35 billion.

Sensex rises 592 pts, Nifty closes above 25K on buying in IT, banking shares

Sensex rises 592 pts, Nifty closes above 25K on buying in IT, banking shares

Rediff.com14 Oct 2024

From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers. Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.

Why Brands Are Chasing Gukesh

Why Brands Are Chasing Gukesh

Rediff.com14 Dec 2024

'With an achievement like this, Gukesh could even be endorsing global brands.'

Foxconn arm to infuse Rs 13K cr to set up TN factory

Foxconn arm to infuse Rs 13K cr to set up TN factory

Rediff.com9 Oct 2024

The Tamil Nadu government on Tuesday cleared the Rs 13,180 crore project by Yuzhan Technology, part of Taiwan's Foxconn Group, at Kancheepuram. The unit is reportedly expected to assemble smartphone display modules, which will be one of the first such units to cater to Apple's growing presence in the country. The unit is expected to generate at least 14,000 jobs. Of the 14 existing manufacturing units in the Apple supply chain, seven are based in Tamil Nadu.

This Mum Helps Women Return To Work

This Mum Helps Women Return To Work

Rediff.com3 Jan 2025

In two years, the start-up Overqualified Housewives has helped over 6,000 women across India find flexible-job roles across India from salaries ranging between Rs 8,000 to Rs 80,000, making them financially independent.

Office leasing hit record 885 lakh sq ft in 2024 in India's top 8 cities

Office leasing hit record 885 lakh sq ft in 2024 in India's top 8 cities

Rediff.com3 Jan 2025

India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. The gross leasing or absorption of office space stood at 745.6 lakh square feet in the preceding year, data from real estate consultant Cushman & Wakefield (C&W) showed.

UK's richest 10% took half of wealth from India during colonialism

UK's richest 10% took half of wealth from India during colonialism

Rediff.com20 Jan 2025

The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.

'Algo Trading Is Not Risk-Free'

'Algo Trading Is Not Risk-Free'

Rediff.com23 Dec 2024

Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'

How Indian IT sector will fare in FY25

How Indian IT sector will fare in FY25

Rediff.com17 Dec 2024

The Indian IT services industry is expected to clock revenue growth in the mid-single digit for the financial year 2024-2025 (FY25), according to a report by Icra for the year.

Why Tharoor Gives The Congress A Headache

Why Tharoor Gives The Congress A Headache

Rediff.com24 Feb 2025

The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.

2025: Top 10 Stocks To Watch Out

2025: Top 10 Stocks To Watch Out

Rediff.com2 Jan 2025

These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.

Western Digital Is Offering A Rs 75,000 Scholarship To...

Western Digital Is Offering A Rs 75,000 Scholarship To...

Rediff.com11 Nov 2024

Western Digital is offering a one-time scholarship of up to Rs 75,000 to persons with disabilities and transgender students pursuing graduation, post-graduation and PhD degrees in STEM-related fields.

FPI selling spree, IT stocks dampen investor sentiment

FPI selling spree, IT stocks dampen investor sentiment

Rediff.com18 Nov 2024

From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers.

RBI set to launch UPI-like unified lending platform

RBI set to launch UPI-like unified lending platform

Rediff.com27 Aug 2024

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India's lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday.

'Dr Singh Didn't Take Orders From Sonia Gandhi'

'Dr Singh Didn't Take Orders From Sonia Gandhi'

Rediff.com30 Dec 2024

'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix

Rediff.com27 May 2024

Financial technology (fintech) firms PhonePe and BharatPe announced on Sunday that they have settled long-standing legal disputes regarding the use of the trademark with the suffix 'Pe' in their brand names. The settlement concludes five-year-long legal disputes across multiple courts. Both companies have decided to withdraw all opposition against each other in the Trade Marks Registry.

Right Time To Invest In Silver ETFs?

Right Time To Invest In Silver ETFs?

Rediff.com29 Oct 2024

Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.

M&A deals rise 13.5% in '24 so far

M&A deals rise 13.5% in '24 so far

Rediff.com16 Dec 2024

the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.

Markets cheer Trump's triumph; Sensex soars 901 points

Markets cheer Trump's triumph; Sensex soars 901 points

Rediff.com6 Nov 2024

From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4 per cent each. HCL Technologies, Tech Mahindra, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among big gainers. Titan, IndusInd Bank, Hindustan Unilever, Axis Bank and HDFC Bank were the laggards.

'Quality Stocks Survive, Thrive In Downturns'

'Quality Stocks Survive, Thrive In Downturns'

Rediff.com12 Dec 2024

'To be able to sail through such volatilities, it is prudent to focus on quality.'

MTech Grads, How You Can Get Govt Jobs

MTech Grads, How You Can Get Govt Jobs

Rediff.com6 Jan 2025

rediffGURU Aasif Ahmed Khan counsels students on the best career options in tech and engineering.

DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record

DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record

Rediff.com29 Oct 2024

Domestic institutional investors (DIIs) have infused a record Rs 4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date. This robust domestic inflow has effectively counterbalanced the comparatively subdued investments from foreign portfolio investors (FPIs), who contributed a net Rs 90,956 crore within the same timeframe. Against this backdrop, the Nifty 50 and BSE Sensex indices are on track to achieve their best performance in three Samvat years, despite recent market corrections.

RBI recognises FACE as fintech SRO

RBI recognises FACE as fintech SRO

Rediff.com29 Aug 2024

The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.

Financial Tech buys 90% in ICX

Financial Tech buys 90% in ICX

Rediff.com10 Apr 2008

Financial Technologies India Ltd, the main promoter of India's largest commodity exchange MCX, on Thursday said it has acquired 90 per cent stake in a South Africa-based ICX Platform (Pty) Ltd for $1.5 million (about Rs 6 crore).Financial Technologies has acquired 90 per cent stake in ICX Platform (Pty) Ltd, a technology company situated at Johannesburg, South Africa, the firm said in a filing to the Bombay Stock Exchange.