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A Chinese town has agreed to become a digital yuan “demonstration town” after striking a CBDC deal with a major, state-run bank.

Poland’s working-age population will decline by nearly a third by 2060 unless the country opens its borders to more migrants from beyond eastern Europe, according to a study by the state statistics office. The projection reflects a dwindling birth rate and highlights political battles over opening the European Union’s sixth-largest economy to more migration. Such a drop would pile more pressure on Poland’s labor-hungry $688 billion economy and strain public finances as the number of retirees surges. In a little less than four decades, Poland’s working-age residents could shrink by 7.1 million from 22.2 million now, according to the study. At the same time, aging populations in neighboring Ukraine and Belarus will reduce the number of workers potentially coming into Poland. “In order to achieve higher levels of immigration, which would make it possible to at least partially compensate for the losses in the labor market, greater diversification of the countries of origin of immigrants will be necessary,” the report said. “This would mean the appearance of more people from culturally different Asian or African countries.”

leadership role in the industry. Edited excerpts from the interview: Modi: We have a presence in India for over 35 years, with a workforce across design centres in Noida, Bengaluru, Ahmedabad and Pune . One third of our staff of 11,000 is in India, including 30% of research and development team.

BRICS last week in Johannesburg, South Africa, the real drama was being played out elsewhere. On one hand, even as Russian President Vladimir Putin was virtually addressing his counterparts, there came news that a private aircraft carrying Russian mercenary leader Yevgeny Prigozhin crashed in Russia, killing all 10 people on board.

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today introduced green transportation for employees in its Noida campus. The green transportation initiative aims to strengthen Tech Mahindra’s zero carbon footprint ambition and improve fuel economy while reducing harmful emissions.

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National Highway 301 is being upgraded. Strengthening of the intermediate lane on NH-301 in Ladakh aims to ensure smooth passage to the bordering areas and help increase economic activities.

JCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain

Sea Ltd. is bringing back one of its top mobile games in India a year and a half after it was banned, a boon for the internet company’s effort to revive its growth. Now called Free Fire India, the game will be available Sept.

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Narendra Modi government will launch the 'Mera Bill Mera Adhikaar' initiative on 1 September. The scheme will be launched in the states of Assam, Gujarat, and Haryana; and the UTs of Puducherry, Daman & Diu, and Dadra & Nagar Haveli. “Always ask for a GST Invoice of your purchase! Mera Bill Mera Adhikaar scheme being launched from September 1, 2023,"CBIC tweeted.

Bharti Airtel, exhorted the world to bet on Africa, calling it the last continent of hope, having a large young population but also one of the most backward parts of the world. “Just adopt Africa as a place to do agriculture and perhaps value-added agriculture. The entire world can change.

Atul Lall, Vice-Chairman & MD, Dixon Tech, says “as per the guidelines under IT PLI 2, we are committed to deepening the manufacturing and increasing the local value addition over a period of six years. We already have a large relationship with Acer. We have recently been awarded a large contract for notebooks by another very large global brand. We are setting up a new factory. This factory should be ready in the next six to eight months. We plan to take 2023-2024 as the base year and the commercial production should be starting in 2024-2025. This is indeed a very large opportunity prediction and we want to pursue it very aggressively.”We know already that you are looking at that PLI scheme as well and this entire import ban etc., that the government has introduced. Talk to us about the numbers in terms of the potential. What do you see it to be? You have tie-ups with Lenovo, Acer etc. Are those conversations now increasing? Are you getting more client inquiries?Undoubtedly, it is a very large opportunity for us.

Greaves Electric Mobility (GEMPL), India’s fifth largest electric two-wheeler maker, has sent a notice to the Society of Manufacturers ofElectric Vehicles (SMEV) to remove any reference to it on the latter’s website as it is not a member of the lobby body.

Close to the heels of the upcoming festive season, InMobi, a provider of marketing and monetisation technologies, has unveiled key insights from its annual festive trends report. The Marketer’s Guide to the Festive Season 2023 for India delves into the mushrooming trends in buying behavior during the festive period, highlighting their potential to mold digital marketing strategies for brands.

Thursday, August 31, 2023 – Web3 play-to-earn (P2E) meme coin gaming platform Tamadoge is launching a major marketing push that will include the promotion of new staking and burn features as the team targets more top exchange listings.

More than 170 global leaders and Nobel laureates are urging Bangladesh to suspend legal proceedings against Muhammad Yunus, who was awarded the Nobel Peace Prize for pioneering the use of microcredit to help impoverished people

shares of at least 10 companies could find their way into the open market in September as the deadline for investors to compulsorily hold these shares bought through pre-Initial Public Offer (IPO) placements ends. Computer Age Management (CAMS), Concord Biotech, SBFC Finance, Happiest Minds, Route Mobile, and Chemcon Speciality, are among the companies whose shares could see sellers during the month. Ending of the lock-in period does not necessarily mean investors who received shares in the pre-IPO sale will offload their entire holdings.

private equity firms holding stake in Indian IT services companies has doubled between 2019 and 2022 to more than 50 now, data by Avendus Capital show. Institutional shareholding in IT services companies listed in India has also increased — by 9% for large-cap players, and 16-18% for mid-cap and small-cap firms over the last 12 months. There has also been a spate of acquisitions led by PE firms such as ChrysCapital and Carlyle. With Indian IT services becoming an increasingly attractive investment area for a spectrum of investors including PE firms, many more M&A deals are in the works, said experts. This even as the startup ecosystem in the country has somewhat soured.

Facets.cloud, a self-serve infrastructure management platform, has raised $4 million in a seed funding round led by 3one4 Capital. The platform helps improve developer productivity by streamlining cloud deployment workflows. Other investors who participated in the round were Neon, formerly 100x Entrepreneurs and angel investors including Postman founder and CEO Abhinav Asthana, FusionCharts founder and CEO Pallav Nadhani, Capillary Technologies founder and CEO Aneesh Reddy, Meta director of engineering Krishna Mehra and GTM Buddy founder and CEO Sreedhar Pedinneni. The startup was cofounded in 2021 by three former senior executives from Capillary Technologies – Anshul Sao, Pravanjan Choudhury and Rohit Raveendran – also three alumni of the IIT Kharagpur.