Shaktikanta Das, the Governor of the Reserve Bank of India, highlighted the unavoidable shift to digital currency at a G30 seminar. He focused on central bank digital currencies (CBDCs) for international payments and stressed the need for countries to work together to make money transfers more efficient and secure while considering the risks that come with CBDCs.
Indian fintech startup Slice has merged with North East Small Finance Bank, stepping into the banking world. This merger allows Slice to offer more than just digital payments, despite the tough rules in India.
At the Nvidia Summit in Mumbai, Meesho announced that it will open-source its machine learning platform, which includes its feature store and model orchestrator. This move is meant to help developers and data scientists improve AI capabilities throughout the ecosystem.
Zomato CEO Deepinder Goyal hit heavy traffic on his way to Diljit Dosanjh’s concert in Delhi, so he decided to walk the last bit. Even with police getting ready for big crowds, many fans still faced long delays, showing that traffic in the city is a real problem.
Waaree Energies, a top solar panel maker in India, is getting ready for a strong stock market entry with a grey market premium (GMP) of Rs 1,300. The IPO, priced between Rs 1,427 and Rs 1,503, attracted a lot of interest from big investors and is expected to list on October 28, 2024.
Authorities found a huge scam involving a fake company in Pune, registered under an auto rickshaw driver's name, with fraud estimates between Rs 5,000 and Rs 8,000 crores. The main suspect, Ashrafbhai Ibrahimbhai Kalavadiya, set up 246 fake GST firms and tricked many people in the process.
Uttar Pradesh’s Authority for Advance Ruling (UPAAR) decided that supplying manpower to foreign clients who don't have a permanent office in India will lead to Goods and Services Tax (GST). This ruling affects companies like Pacific Staffing Solutions that offer staffing services to overseas clients while operating in India.
The jiohotstar.com domain now belongs to siblings Jainam and Jivika from the UAE. The original owner, a developer from Delhi, couldn't get ₹1 crore from Reliance Industries. The siblings plan to use the domain to spread kindness and education, inspired by their experiences in a Seva project in India.
Shantanu Naidu, a close friend of Ratan Tata, is named in Tata's ₹10,000 crore will. He will inherit part of Goodfellows and will not have to worry about education costs. The will also includes valuable properties and arrangements for Tata's pet dog, Tito.
In a recent update, the buyer of the JioHotstar domain said he will take the site offline because of concerns over a legal battle affecting his family. He thanked his global legal supporters and explained his rights to the domain, despite challenges from Reliance Industries.