PayPal and HDFC Bank-backed Mintoak acquires Indian CBDC startup Digiledge for $3.5 million, marking a significant step in India's digital currency space.
This week's review covers the dominance of the top 10 layer one blockchains, valued at $1.66 trillion, the Hamster Kombat token's expected growth, and the impact of new sanctions on China and Russia's payment flows.
HDFC Bank has introduced new features for UPI and CBDC to enhance digital banking, announced at the Global Fintech Fest 2024.
HDFC Bank has launched new UPI and CBDC features at the Global Fintech Fest 2024 in Mumbai to enhance digital banking in India.
Nine top firms, including Reliance Industries and HDFC Bank, saw a collective market cap rise of ₹1.85 lakh crore due to a broader equity rally, led by significant contributions from Reliance and HDFC.
India's major indices, Nifty and Sensex, closed with minor losses, while the Midcap index underperformed slightly more on May 24, 2024. HDFC Bank, L&T, Adani Ports, and Tata Consumer were notable mentions in the report.
Six of the top-10 valued companies, including HDFC Bank and LIC, face a major decline of ₹1.73 lakh crore in market cap affecting related cryptocurrency coins and symbols.
Bank of Maharashtra, HCL Technologies, HDFC Bank, among others, will trade ex-dividend starting May 6. This event is crucial for investors, as ownership by this date ensures dividend eligibility.