Digital Financial News

A digital platform where college athletes can alert their administrations anonymously to improper or illegal conduct by coaches, teammates or others is expanding to allow them to report suspected gambling activity

Polish security authorities are investigating multiple cases of disruption to railway traffic, after unauthorized radio signals stopped several trains over the weekend

retail business will be the fastest growing segment for Reliance Industries in the days to come, chairman Mukesh Ambani said on Monday. Reliance has invested $10 billion for the expansion of the retail business in the past two years. Addressing shareholders in the company's 46th annual general meeting held virtually, Ambani said as «India grows from a $2,500 per-capita economy to a $10,000 per-capita economy, Reliance Retail will be our fastest-growing business in revenues and Ebitda.» Ebitda is earnings before interest, taxes, depreciation and amortisation, or the operating profit. Based on the latest investment by sovereign wealth fund Qatar Investment Authority in Reliance Retail, the valuation of the business has touched ₹8.28 lakh crore.

Reliance Jio will launch its fixed wireless access offering — Jio AirFiber — on September 19, Reliance Industries chairman Mukesh Ambani said. While Jio, with 50 million 5G users, is on track to have a pan-India coverage of the next-gen technology by December 2023, the telco will be among the first globally to develop 6G capabilities, he said. The launch of Jio AirFiber — coming shortly after rival Bharti Airtel commercially launched its own device — is expected to help expand Jio's addressable market over the next three years to over 200 million high-paying homes and premises, Ambani said, addressing shareholders of Jio's parent Reliance Industries at a virtual annual general meeting on Monday. «Our extensive optical fibre presence puts us in close proximity to over 200 million premises.

NEW DELHI : India’s B20 task force has recommended setting up a regulatory framework for “responsible AI", and PM Narendra Modi has called for a global AI framework to promote ethical development. Mint decodes if such a global regulatory model is achievable. Talk of regulating artificial intelligence (AI) really became mainstream in the aftermath of the popularization of private tech firm OpenAI’s ChatGPT.

technology companies. The group includes Alex Thorn, head of firmwide research at crypto financial-services firm Galaxy Digital; Juri Bulovic, head of mining at bitcoin miner Foundry; Matt Walsh, founding partner at crypto venture firm Castle Island Ventures, and more than a dozen others. “There are a lot of us that have worked on crypto for so long because Fidelity has worked on crypto much longer than any other traditional financial firm," said Thorn, who set up a Telegram chat group with former colleagues.

NEW DELHI : The government may review its capital expenditure plans for this fiscal year during pre-budget meetings slated to start in October-November, two senior officials said. This comes amid expectations that the Narendra Modi administration will announce a slew of popular schemes in the coming months ahead of general elections early next year.

Tribeca Investment Partners is set to extend its dominance from resources stocks to infrastructure names, as it reels in a big-ticket Asian sovereign wealth fund with a freshly minted fund.

Indian multinational conglomerate Reliance’s financial services arm – Jio Financial Services (JFS) – is tapping blockchain tech and central bank digital currencies (CBDCs) for its offerings.

fraudsters that would make information accessible in real time to all the banks to prevent digital frauds and provide faster resolution of such issues, people familiar with the development said. They have initiated discussions with the Reserve Bank on the proposed portal, they said. A senior bank executive aware of the developments said the portal will help lenders connect seamlessly on such fraud cases and stop and trace funds being transferred from one account to multiple accounts. «In most cases of digital fraud, money is transferred into multiple accounts spread across various banks and financial entities. This becomes too difficult to trace at times, leading to delays.

NEW DELHI : The Netherlands is in talks with Indian health officials to try and understand the playbook of the country’s two flagship health schemes—Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) and Ayushman Bharat Digital Mission (ABDM). Dutch officials visited the offices of the National Health Authority (NHA) last week against the backdrop of plans by the Netherlands to roll out a digital genetic passport for Dutch citizens that aims to identify citizens by their susceptibility to hereditary diseases, an Indian official said.

covid pandemic, at a time when prompt data was hard to come by. The results of the survey’s 10th round, which took place in June, have been published in Mint over the last two weeks, starting 15 August (bit.ly/3YH0IoF). The latest round, which covered 10,072 respondents, sought to understand the views of urban Indians on the country’s newfound status as the world’s most populous nation.

₹5070 crore) bid, DLF was among other bidders. SecLink doesn't bid. The Maharashtra government in 2023 awards the Dharavi project to Adani Group.

G20 Sherpa Amitabh Kant on Monday stressed on the need to boost crop productivity through adoption of new cutting-edge technologies and said the farm sector should be made smart and adaptive to climate change. Kant was speaking at the G20 India Agri-tech Summit 2023 held here. For higher economic growth of India, he said, «India needs to grow in the agriculture sector.

Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front.

Founded in 2018 by Rishabh Goel, Anand Agarwal, and Mayank Khera, Credgenics is revolutionizing the way collections are made and serviced in the country. The AI-powered SaaS-based platform has also garnered recognition from IBS Intelligence as the #1 Bestselling Loan Collection Platform in India in their Annual Sales League Table 2022.Digital debt collections is the need of the hour with lending moving into the instant mode, digital format, and fast gear.

G20 Health Ministers meeting saw consensus on building more resilient, equitable and inclusive health systems with equitable access to safe, quality-assured and affordable vaccines, therapeutics, diagnostics, and other medical countermeasures, especially in low and middle income countries and small island developing states.

ethos pervades everything that we conceive, believe, and achieve at Reliance. Esteemed Friends, In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals and achieved them.

Reliance Industries. “Jio Financial Services will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players," Ambani said in his address to shareholders at Reliance Industries’ Annual General Meeting (AGM) on Monday. JFS will use predictive data analytics to co-create contextual products with partners and cater to customer requirements in a truly unique way, Ambani added.

AI), IT major IBM is bullish on the innovations coming out from its research and development (R&D) centres in India and the company will continue to invest more as the country aims to become a trillion dollar digital economy by 2026, its Chairman and CEO Arvind Krishna said here on Monday. AI adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world. The company has close to 100,000 employees in the country, with its facilities spread across the country, he said. «Our researchers in India are doing some of the deepest work on AI than anywhere in the world.

Reliance Industries chairman Mukesh Ambani on Monday announced that the conglomerate's financial services division Jio Financial Services may also start offering blockchain-related products as well as digital rupee. «JFS products will not just compete with current industry benchmarks but also explore path-breaking features such as blockchain-based platforms and CBDC. They will adhere to the highest standards of security, regulatory norms and ensure protection of customer transaction data at all times,» Ambani told shareholders at the company's AGM. The RBI has devised the central bank digital currency (CBDC) known as e-rupee as a digital alternative to physical cash — using blockchain distributed-ledger technology.