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Fintech firm Taurus has received regulatory approval from Switzerland’s financial regulator to offer tokenized securities to retail clients. In a press release published January 23rd, Taurus announced that it had received regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to make its financial services and TDX Marketplace available to retail clients.

The Avalanche Foundation has unveiled an “eligibility framework” detailing guidelines for its plan to acquire meme coins.

₹7,705 crore as the market cap of the four listed companies fell from ₹27,257.4 crore on Saturday to ₹19,551.65 crore at the end of market hours on Tuesday. Incidentally, the earlier biggest single-day fall in shares of Zee Entertainment was five years back, when the scrip nosedived 26.6% on 25 January 2019 after media reports of a federal probe in the businesses owned by Chandra.

₹1,328 crore from existing investors namely Norwest Venture Partners, TPG Growth, Baring Private Equity India and incoming investors namely Duro Capital, Axis Alternatives, Ananta Capital and Mirae Asset Venture Investments (India), the company said in a release. Motilal Oswal’s private equity firm—MO Alternate Investment Advisors (“MO Alts")—also participated in this round with ₹415 crore for a minority stake, the firm said.

call centres are some of the steps Indian airlines are looking to implement to regain flier confidence following recent flight disruptions that caused significant inconvenience to passengers. Airlines are also calling for changes in security rules which mandate a passenger to undergo airport security checks again if they are disembarked in case of a delay. Thick fog and a non-operational runway in India’s busiest airport at Delhi severely disrupted flight schedules this winter as airline crews struggled to deal with passengers upset with delayed or cancelled flights. For instance, a passenger on-board an IndiGo airline aircraft pilot punched the pilot after the flight was delayed by over four hours. Following the incident, civil aviation minister Jyotiraditya Scindia warned airlines to improve their efficiency or risk losing customers. Budget airline Akasa Air has built-in technology features in its app which gives real time information on flight changes to passengers. “As we scale up, we are ensuring that we leverage technology for information like flight delays, gate changes immediately and transparently to our customers,” said Belson Coutinho, co-founder and chief marketing and experience officer at Akasa Air. Coutinho said Akasa Air is analysing the recent incidents at Delhi Airport to improve the airline’s SOP and incorporate the learnings into its own training module. Vimal Kumar Rai, managing partner at Commercial Excellence Partners which advises organisations on customer experience said that airlines need to set up a process where crew has a mindset of ownership and accountability.

North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study. International sanctions imposed over its nuclear weapons program may have hindered North Korea's attempts to secure AI hardware, but it appears to be pursuing the latest technology, wrote study author Hyuk Kim of the James Martin Center for Nonproliferation Studies (CNS) in California.

An accounting investigation is under way at Archer Daniels Midland and the top financial executive at the agribusiness giant has been placed on administrative leave

Pilots at Southwest Airlines have approved a new contract with huge pay raises

Federal officials are recommending that airlines inspect the door plugs on more Boeing 737s after one of the panel blew off a Boeing jet in midflight

A little-known federal agency, The National Institute of Standards and Technology, was tapped by the Biden administration to set testing parameters for ensuring generative AI systems are safe, secure, trustworthy and socially responsible

Mint that the response to the scheme from NRIs has been overwhelmingly good. “The response from the customers is also very good and we see good traction getting built up, as customers have the flexibility of planning their short-term cash flows starting from 7 days, which is a unique feature that customers can’t get in the FCNR (B) deposits at the domestic branches," said the Federal Bank spokesperson. Earlier, most of these banks relied mainly on institutional depositors and borrowings from their parent companies for capital requirements.

NEW DELHI : Direct tax revenue as a share of gross domestic product (GDP) touched a record 6.1% in FY23 amid a strong growth in mop-ups and an increase in the number of tax payers, the Central Board of Direct Taxes (CBDT) said on Tuesday. The share of women in the total number of Permanent Account Numbers (PAN), needed for a host of financial transactions, also improved to 41% at the end of March 2023, up from 37.2% at the end of March 2019, suggesting increased participation of women in financial activity, data shared by CBDT showed. Women in the age group of 20-40 years accounted for close to two-fifths of all PAN numbers issued by the end of March 2023.

Religare Enterprises by entities controlled by the Burman family, as well as a subsequent open offer to buy up to another 26% of the financial services firm. The provisions have been approved under the Securities and Exchange Board of India Regulations, 2011, the competition watchdog said in a statement. In September 2023, the Burman family, which owns consumer goods company Dabur India, signalled its intention to acquire a 5.27% stake in the financial services company for ₹407 crore, which would take their shareholding to over 26%, triggering an open offer.

Over the past decade-and-a-half, I’ve had the good fortune of having witnessed India’s rapid digitization from the sidelines. As exciting as it has been to see this transformation from up close, I’ve felt a mild sense of unease about what will happen if things go wrong. Given how frustratingly analogue our dispute resolution process is, it will matter little that we have streamlined our commercial interactions if we still settle disagreements the old-fashioned way.

From the start, Metallicus has operated with a vision that the future of crypto is secure and compliant. With a dynamic advisory board made up of diverse leaders from the blockchain, cryptocurrency, and traditional banking  worlds, they have steadily worked to advance their strategy to build the most customer-centric digital asset banking network. Now, Metallicus is proudly announcing the official launch of the Metal Blockchain Banking Innovation Program, set to incorporate blockchain technology into the banking and credit union sector. The groundbreaking initiative hones a particular focus on digital identity, tokenizationand Bank Secrecy Act (BSA) compliance, further securing Metallicus as a pioneer in digital asset banking.

₹79 per share for its upcoming initial public offering (IPO). The small and medium enterprise (SME) IPO will open for subscription on January 25, 2024 and closes on January 30, 2024. Docmode Health Technologies IPO is a fixed price issue of ₹6.71 crores.

Aryna Sabalenka, the defending champion has put a thrilling Australian Open semi-final against Coco Gauff, the American teenager after gaining control over Barbora Krejcikova in a direct victory. The 6-2 6-3 win of Sabalenka made a confirmation of a repetition of the exciting US Open final in September, where Gauff returned from a record for winning the first important title.

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Want to take exposure to a sector which grows much faster than GDP

₹1,328 crore in funding. The investment was led by existing investors, including notable names such as Norwest Venture Partners, TPG Growth, and Baring Private Equity India, alongside contributions from select new investors. New investors in this venture comprise Duro Capital, Axis Alternatives, Ananta Capital, and Mirae Asset Venture Investments (India).

₹8,325 crore to the telecom department towards part prepayment of the deferred liabilities pertaining to spectrum acquired at the 2015 auction. The telecom company had won the spectrum worth ₹29,129.08 crore at the auctions that were held in March 2015. It had paid ₹11,374.7 crore, while the upfront amount due was ₹7,832.20 crore.