DIGITAL TRAILS
Menace of 'money mules' and how not to become one
Mule accounts are bank accounts that are used to launder proceeds of crime by fraudsters. In an age when there are strict laws on holding or using large amounts of cash, transactions in the banking system cannot be avoided. At the same time, criminals cannot use bank accounts because KYC norms will enable authorities to link the money to the activity through which they receive it.
Crypto 're-staking' platforms boom as traders chase bigger returns
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
How results of Lok Sabha polls will impact sensex, Nifty
According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
India’s equity rally hinges on Modi bettering 303-seat tally
Indian stocks' performance is closely tied to the Bharatiya Janata Party's election success. A Bloomberg News survey suggests that if the party wins over 303 seats, stocks could rally; otherwise, a drop is expected.
China's 'One Person, One File': Road to digital totalitarianism
The Shanghai authorities have proposed the "One Person, One File" (OPOF) mass surveillance program, which aims to triple the deployment of facial recognition cameras and compile exhaustive personal data files on every resident. This escalation of China's efforts to create ruthless digital censorship is more than just another Benthamite panopticon, it is an attempt to construct an omniscient digital surrogate for every Chinese citizen, encoding each person's relationships, activities, behaviors, and existence into ones and zeroes for the Party's domineering oversight.
Economictimes.com holds the throne in April, maintains a comfortable lead in business & financial news segment
The Economic Times website tops April Comscore India rankings with 46.6 million visitors, solidifying its position as the leading source for business news.
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Combating dark patterns; declining VC funds for female founders
Happy Thursday! The government will soon release a tool to help consumers fight manipulative ‘dark patterns’ used by websites. This and more in today’s ETtech Morning Dispatch.
The YouTube Election: Social media emerges as key player in Indian polls
Dahiya can see people’s enthusiasm reflected in the sudden surge in subscribers over the past month, along with better likes-to-views ratio and a higher number of comments on videos even when the content is critical and not celebratory.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Government holds discussion with fintechs on cybersecurity, digital financial fraud
Government, FinTechs, law enforcement agencies collaborate on addressing cybersecurity, fraud. Workshop discusses registry creation, geotagging transactions, AML system. Topics include digital KYC audits, money mules. Fintech associations, regulators join to address cybersecurity and fraud challenges.
Pay DTH operators lost 0.66 million subscribers in festive quarter
According to the Telecom Regulatory Authority of India's Performance Indicator Report for the quarter ending December 31, the pay DTH base of the four private DTH operators declined to 63.52 million from 64.18 million in the trailing quarter.
ETMarkets Smart Talk: Top 3 reasons why we expect double-digit growth in FY2025 in stock market: Deepak Ramaraju
The demand environment is strongly driven by strong government spending, narrowing the fiscal deficit, fiscal prudence maintained by the government, strong GST collection and stable PMI data.
On a hi-fibre, wi-fi diet
India's digital growth, focusing on mobile connections, payments, and 5G rollout, requires enhancements in optic fibre, satellite connections, Wi-Fi networks, and public Wi-Fi hotspots. Balancing all these elements is crucial for sustainable progress.
10 High-Quality Smart Door Locks for Homes Under 10000
Explore our compilation of 10 exceptional smart door locks for your home, all priced affordably under 10000. From cutting-edge smart locks to robust traditional options, each selection offers top-notch security without straining your budget. Enhance the safety of your home with these reliable and high-quality door lock solutions.
2024 polls stand out for use of AI to bridge language barriers
AI plays a pivotal role in Indian election campaigns by leveraging technology to overcome language barriers, marking a shift towards progressive politics empowering linguistic diversity and inclusive engagement.
Top 5 car launches over Rs 40 lakh in 2024
Top 5 car launches over Rs 40 lakh: ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024.
Will 35% margin be the new normal for Indian Hotels in foreseeable future? Puneet Chhatwal answers
Puneet Chhatwal, MD & CEO of IHCL, discusses the projected increase in management fee income, expecting it to reach Rs 550 crore by 2025-26. He highlights the high flow-through of management fee business, stating that it is expected to grow at a rate of over 20% per annum. Chhatwal mentions the significant contribution of fee-based business and operating leases to IHCL's overall revenue. He concludes with confidence in the company's financial growth and the potential for further margin expansion.
HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate
Hindustan Unilever (HUL) reported a disappointing quarterly performance, with net profit rising 0.6% YoY to Rs 2,519 crore, missing estimates. Revenue from operations fell 0.3% YoY. Underlying sales growth and volume growth were flat. EBITDA rose 0.1% YoY to Rs 3,540 crore. Operating margins expanded 8 basis points to 23.31%. Homecare segment sales declined, beauty and personal care segment had flat sales growth, and the foods and refreshments segment saw a 1% growth in sales.
December dip in online sales; insurtech firms chart fresh growth paths
After an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in today’s ETtech Morning Dispatch.
Cyber fraud diminishes trust in online transactions, against aspirations of Digital Bharat: HC
The Delhi High Court's observations came while refusing to grant bail to a man, accused in a case of defrauding people of their hard earned money through financial frauds committed with the help of a mobile application. It noted that the conspiracy in the present case must have attracted thousands of investors as the money trail till date, prima facie, is of about Rs 140 crore.
Joe Biden trails Donald Trump in 2024 US election's key states, polls show
A series of polls indicate that former President Donald Trump leads President Joe Biden in five of the six most critical battleground states a year ahead of the U.S. election. Trump is ahead in Arizona, Georgia, Michigan, Nevada, and Pennsylvania, with Biden leading in Wisconsin. While Biden won all six states in 2020, the polls show Trump now holds a 48% to 44% lead on average in those states.
Tata Motors Q2 Results: Automaker posts Rs 3,764-crore profit vs loss year ago, but trails estimate
Tata Motors Q2 Results: Consolidated revenue from operations increased 32% year-on-year (YoY) to Rs 1.05 lakh crore, tad lower than the estimated Rs 1.07 lakh crore. Strong profitable growth across auto verticals drove the topline in the quarter, while robust wholesale sales and improved mix aided the expansion in margins, the company said.
Decentralised Identity: A safe protector for managing digital identity faces hurdles
The use of decentralised identity (DID) systems, such as blockchain-based solutions, can bring benefits such as individual control over personal credentials, enhanced data security, and lower online fraud. However, the widespread adoption of DID also faces challenges such as technical complexity, cyber risks, interoperability issues, and potential data exploitation.
Fibre rollout pace jumps 6-fold since 5G launch; still trails target, global markets
The government has introduced amendments to facilitate faster telecom infrastructure deployment, but challenges from local entities are hindering implementation. Initiatives such as using street furniture to install digital infrastructure are helping, but more needs to be done.
ETtech Exclusive: Tiger trail at Flipkart ends with $3.5 billion profits; fund sells remaining stake to Walmart
The US fund exits online retailer with a 4% stake sale to Walmart in final deal of phased selloff.
Biden's election war chest trails Trump's in size, filings show
Joe Biden's re-election campaign ended with about $20 million in the bank, trailing the $22 million plus raised by Republican front-runner Donald Trump, according to financial disclosures. While Biden has a smaller war chest than past presidents, the funds represent a competitive money race ahead of the November 2024 presidential election. Trump's spending through June totalled around $9 million, primarily on digital fundraising, while Florida Governor Ron DeSantis had about $12 million in his campaign account, compared to fellow Republican Tim Scott's $21 million.
D-Mart Q1 Preview: PAT growth likely to trail sales as margin under pressure
Ahead of its earnings, shares of the company end 0.5% higher on the National Stock Exchange at Rs 3,838.75. In the June quarter, the stock has gained more than 14% and scaled an over 6-month high of Rs 4,150 last month.
These 11 equity schemes offered more than 30% returns in three years
ETMutualFunds considered equity scheme categories such as large cap, large & mid cap, small cap, multi cap, flexi cap, arbitrage funds, aggressive hybrid funds, focused funds, and ELSS funds for the study.
ONDC to publish dispute resolution draft
Open Network for Digital Commerce will seek stakeholder feedback on framework in 2 weeks.
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