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Elphicke delivered a keynote at the British Blockchain Associations third annual summit, calling on policymakers to create and support opportunities “for the new, for innovation, and for change,” as an avatar in the metaverse. Parliament launched the UK Parliament’s All Party Parliamentary Group (APPG) for Blockchain Technologies earlier this month. The group is chaired by Elphicke and will explore the potential of blockchain and web 3 technology for UK businesses, the public sector and the wider UK economy and plans to engage industry including global firms, alongside other industry experts and leading academics. During the forum, Natalie Elphicke MP OBE said: “Web3 represents a paradigm shift that reimagines the very fabric of the internet.

Infosys and Nvidia today announced that they have expanded their strategic collaboration where Nvidia's AI tools will be available on Infosys AI suite of services Topaz. The expanded collaboration is aimed to drive productivity gains with generative AI applications and solutions. The alliance will bring the Nvidia AI Enterprise ecosystem of models, tools, runtimes and graphics processing units (GPU) systems to Infosys Topaz. Through the integration, Infosys will create offerings customers can adopt, to easily integrate generative AI into their businesses, according to a press release.

It was just four months ago that India’s Commerce and Industry Minister Piyush Goyal at an event in Toronto hinted at the possibility of inking a trade deal with Canada by the end of this year, providing hopes of breaking a decade-long deadlock between the two countries.

Reliance Jio launched the Jio AirFiber on September 19 weeks after Bharti Airtel's introduction of India's inaugural wireless home. With Jio AirFiber, the company promises to bring an integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 metro cities. Ambani explained during the 46th AGM that their extensive optical fiber network connects them to over 200 million locations. The Jio AirFiber devices are aimed at providing last-mile connectivity to many parts of India. “Our extensive optical fibre presence puts us in close proximity to over 200 million premises. Yet, providing physical last-mile connectivity is a painstaking process in most parts of our country. This is where Jio AirFiber, our fixed-wireless broadband offering, comes in,” Ambani said at Reliance’s 46th AGM.

Yashobhoomi conference complex in Dwarka is all set to be commissioned this October, marking a significant milestone in India's pursuit of world-class exhibition and convention facilities. Officials have announced that a Korean operator has been selected to manage the exhibition halls and convention center under a revenue-sharing model.

Jio AirFiber – could create a whopping $4 billion to $9 billion annual revenue opportunity if it sees wide acceptance of around 50-to-100 million homes, say analysts. They added that the current pricing of Jio AirFiber is not disruptive versus competition as rival Bharti Airtel’s comparable 100 Mbps 5G-FWA offering is at a 12% discount, albeit without digital channels and OTT apps. While Airtel’s FWA service is at a 33% premium to Jio AirFiber’s base plan of Rs 599 a month, it offers faster speeds of 100 Mbps compared to 30 Mbps on Jio’s. “Jio has ambitious plans with Jio AirFiber, with a target of 200 million homes…if there is wide acceptance of 5G FWA with bundled home entertainment services, it could be a significant revenue opportunity, especially as (home) broadband average revenue per user (ARPU) at Rs 600, is 3-4x higher vs mobile,” brokerage CLSA said in a note. A 5G-based FWA service uses airwaves instead of cables/fibre to provide fixed broadband access, using a next-gen mobile broadband technology.

In a remarkable turn of events, Bitcoin (BTC) witnessed a significant 5% upswing, aligning with growing anticipation surrounding the Federal Open Market Committee (FOMC) announcements and the Federal Fund Rate. 

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Hardeep Singh Nijjar, a pro-Khalistan leader in Canada, followed by the expulsion of diplomats, experts think it will have very little impact on Canadian investment in India and the overall market sentiment. Concerns have been growing that the fresh tensions in the India-Canada relationship will see some outflow as Canada Pension Plan Investment Board, the largest pension manager in Canada, has significant holdings in some of the Indian companies.

Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs continue to tighten the market. With prices advancing by more than 30% since mid-June to breach $95 a barrel on Tuesday, the Wall Street bank nudged up its 12-month forecast for global benchmark Brent to $100 a barrel from $93.

NoBrokerHood, the visitor, society and payment management app by NoBroker, has said that it has joined the government-backed Open Network for Digital Commerce (ONDC) in order to transform daily shopping experience for residents. As per the company's statement, this will help society residents avail everything from food, groceries, daily essentials, etc. on one app.

Kuku FM on Wednesday said it has raised $25 million in a Series C funding round co-led by the Nandan Nilekani-founded Fundamentum Partnership and International Finance Corporation. Temasek-backed Vertex Ventures, which closed its fifth fund at $541 million last week, also participated in the funding, as per a statement.

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

climate tech startup Aurassure has raised Rs 4 crore in a seed round led by Unicorn India Ventures. The funds will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities, it said in a statement.

Data Protection Board (DPB) under the Digital Personal Data Protection (DPDP) Act, 2023, will be in place in the next 30 days, minister of state for electronics and IT, Rajeev Chandrasekhar said here on Wednesday. «This window between now and the DPB’s constitution is not a holiday… The law is in effect (already),» Chandrasekhar said at an industry consultation on the Rules for the DPDP Act, which became a law in August. He added that breaches that come up during the intervening period will be taken up by the Board once it is constituted.

Jio has launched JioAirFiber, its new home Wi-Fi offering, across 8 metro cities with an aim to disrupt India's broadband market. JioAirFiber is the company's integrated end-to-end solution for home entertainment, smart home services and high-speed broadband. JioAirFiber takes on Airtel Xstream AirFiber, Airtel's 5G wireless home Wi-Fi solution. Here follows a comparison between the two products.JioAirFiber's offeringsJioAirFiber plans start from Rs 599.

Introducing the dynamic partnership between Indian businessman Vikash Sorout and UK Prime Minister Rishi Sunak, a collaboration that is set to reshape the future of business investments! With their shared vision for economic growth and global expansion, these two influential figures have joined hands to unlock unparalleled opportunities in both India and the United Kingdom. 

HDFC Ltd). Categorised as Upper Layer by the Reserve Bank of India (RBI) large NBFCs are now subject to bank-like regulations for capital, liquidity, governance and operational requirements. Also, lenders are building multi-dimensional underwriting models by embedding credit score, predictive bureau insights and customer’s alternative data from other sources facilitated by government digital public infrastructure According to IIFL Securities, these new segments are large, enabling large NBFCs to grow faster even at scale of 23% FY23-26 AUM Cagr versus 16% 10 year Cagr.

Mark Zuckerberg on Wednesday said India is leading the world on how people and businesses have embraced messaging as a better way to get things done, as the social media giant unveiled a slew of new tools aimed at supercharging businesses using WhatsApp. Announcing the line-up of key offerings for WhatsApp, Zuckerberg said the company has continued to innovate with its messaging formats, group chats and broadcast channels. «India, (is) a country that's at the forefront of a lot of what we're going to talk about today. You're (India is) leading the world in terms of how people and businesses have embraced messaging as the better way to get things done.» Zuckerberg said during a virtual address at Conversations event in Mumbai.

Nearly 490,000 vendors in China’s Changsha now accept digital yuan payments, the city’s government has claimed as the nation’s CBDC pilot continues.

Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering. Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.