Interface Financial News

Sriharikota: The countdown for the launch of an earth observation satellite, onboard the third and final development flight of Small Satellite Launch Vehicle-03 commenced on Friday, ISRO said. The SSLV-D3-EOS-08 mission follows the second successful launch of the second test flight of the Small Satellite Launch Vehicle (SSLV-D2-EOS-07) in February 2023. Today's mission is the third for the Bengaluru-headquartered space agency in 2024, after the successful PSLV-C58/XpoSat in January and GSLV-F14/INSAT-3DS missions in February. In an update on Friday, ISRO said, «SSLV-D3-EOS-08 Mission — Six-and-a-half-hour countdown leading to the launch commenced at 02.47 hrs IST».

$NOT, the token underpinning crypto’s viral new Telegram-based game Notcoin, is down 2.7% in the last 24 hours to trade at $0.0114 as of this writing.

WazirX announced on Wednesday that it is ending its custody arrangement with Liminal Custody following a major hack that resulted in the theft of Rs 2,000 crore ($230 million) from its multisig wallet. The Indian cryptocurrency exchange is currently in the process of migrating its remaining assets from Liminal Custody to new multisig wallets to enhance security. This move comes nearly a month after the breach that saw a significant portion of customer funds disappear. The hack on July 18 led to the loss of 45% of the exchange's customer funds. To prevent further issues and secure remaining assets, WazirX is taking careful steps to transfer its funds.

In the rapidly developing world of cryptocurrency, one of the most popular and profitable ways to generate passive income is staking. One can take part in the very operation of the network and, in turn, receive rewards from crypto staking. Many staking platforms exist, but CryptoHeap serves as one of the best platforms for staking. This article will provide the details of the crypto staking platforms and explain why CryptoHeap is being touted today as one of the best staking platforms available.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a «very positive» impact on its tourism sector, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives. «Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives,» he said in a post on X. Developed by the National Payments Corporation of India (NPCI), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.

If you’re going independent, you might prefer to take a hands-on approach and do everything in-house when it comes to managing client assets. After all, that’s part of the reason why you went independent in the first place.

merchant payment companies are scouting for business opportunities outside the country as margins turn wafer-thin amid rising domestic competition. Pine Labs, Juspay, CC Avenue and FSS have set up operations outside India and are also hiring senior talent for these markets, which they hope will be their new growth drivers. Aiding the push is the growing acceptance of Indian payments technology worldwide. In India, these merchant payment companies have been losing out on major revenue generation opportunities due to competition from popular payment modes like Unified Payments Interface (UPI) and RuPay debit cards which do not attract a fee. The government has also reduced the budgetary allocation for payment subsidies.

Delegated Payments" facility in UPI, an individual (primary user) to allow another individual (secondary user) to make UPI transactions up to a limit from the former’s bank account. UPI limit for tax payments hiked to Rs 5 lakh from Rs 1 lakh: RBI According to the RBI governor Monetary Policy Meeting Statement on Developmental and Regulatory Policies, “The Unified Payments Interface (UPI) has a very large user base of 424 million individuals. There is, however, potential for further expansion of the user base. It is proposed to introduce «Delegated Payments» in UPI. “Delegated Payments” would allow an individual (primary user) to set a UPI transaction limit for another individual (secondary user) on the primary user’s bank account. This product is expected to add to the reach and usage of digital payments across the country. Detailed instructions will be issued shortly.”

Pixel Update bulletin for August, the security patch includes fixes for 11 vulnerabilities as of the August 1 release and an additional 35 issues addressed in the August 5 update. Notably, this patch resolves problems that could allow unauthorized privilege escalation without requiring extra execution rights.

Setu, an application programming interface (API) infrastructure provider, introduced a Unified Payments Interface (UPI)-focused payments platform for businesses and developers in partnership with Axis Bank. The platform, named UPISetu, supports a wide range of UPI products, from basic QR code payments, UPI Autopay, equated monthly instalments (EMIs), and third-party validation service. It also features functionalities like brand and bank offers, advanced dispute resolution, instant cashback and refunds, all provided via APIs. “As ‘Credit on UPI’ gains momentum and there exists a pressing need to drive payment transaction success rates, UPISetu will be a game-changing launch for the ecosystem. We believe the world will increasingly be UPI-first thanks to the pioneering efforts of NPCI in India and overseas,” said B Amrish Rau, CEO of Pine Labs.

OpenAI introduced SearchGPT last month, it was believed to challenge Google's dominance in the space. However, rival search startup Perplexity AI's founder Aravind Srinivas and some AI researchers were quick to call out the tool's inaccuracies when prompted for simple search queries. Whether GenAI-based search can ever dethrone incumbents like Google Chrome is still a far sight. But if it does, it could cause a tectonic shift in the way users consume AI in their daily lives. ET explains what the future of search could mean and what are the pressing concerns around it: What is Search GPT?

Xiaomi devices to detect hidden cameras by leveraging wireless local-area network (WLAN) signals. This functionality, potentially named “Camera Scan," allows users to identify concealed cameras in their surroundings through WLAN searches.A shared screenshot reveals the user interface for this feature, which prominently displays the message, “Detect hidden cameras to protect your privacy and personal safety." This tool is expected to empower users to perform scans for hidden cameras with a single tap, thereby enhancing their sense of security in unfamiliar environments.This innovation is particularly relevant for travelers who often find themselves in new locations, helping them to avoid unnoticed surveillance.

Financial advisors and their clients on the eMoney platform can look forward to an improved planning experience, courtesy of fresh updates from the financial planning software firm.

version 2.24.16.10.The anticipated feature allows users who are part of the Google Play Beta program to access a new voice message icon within the chat interface. This icon, resembling the familiar voice message symbol found in standard chats and group conversations, is positioned adjacent to the text input field at the bottom of the screen.

MUMBAI : In Currency and Finance report for 2023-24, the Reserve Bank of India (RBI) points out that digitalization is disrupting the jobs landscape in the financial sector and driving out middle-level banking staff. This comes even as digitalization is expected to constitute a fifth of India's gross domestic product (GDP) by 2026, doubling from 10% at present. The central bank also flagged potential challenges related to digital upskilling and the required employee adaptability.

payments platform, Unified Payments Interface (UPI), crossed the Rs 20 lakh crore for the third straight month in July. The platform clocked a transaction amount of Rs 20.64 lakh crore in the month of July growing by 35% on year. It also recorded a transaction volume of 14.44 billion a growth of 45%, as per data released by the National Payments Corporation of India (NPCI). It also had 466 million of average daily transaction count and Rs 66,950 crore worth of average daily transaction amount in July. For the month of June, UPI transaction value was at Rs 20.07 lakh crore in June and Rs 20.44 lakh crore in May.

derivatives should achieve their desired objective. The regulatory intent is to sustain adequate depth in the F&O segment to facilitate hedging. Trading volumes in F&O will, thus, have to decline significantly, but not to a point that affects price discovery. As follow-up measures, Sebi will have to ensure the purged retail speculation does not resurface in other market segments, such as smallcaps. The trading ecosystem will, on its part, have to recover from the revenue setback, and its business models in the new regulatory scenario should come under tighter scrutiny. Brokers are most vulnerable to the systemic interface with the retail investor. Finally, vigilance is necessary that buckaroo retail investing does not migrate to shadow trading platforms such as dabba trading that operate beyond the regulatory gaze.

Younger Canadians in particular are turning to artificial intelligence to shape their finances, a survey released this week shows.

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