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Banks are exploring tokenized deposits as they test ways to move commercial bank money onto blockchain-based payment and settlement infrastructure, according to a new report from real-world asset data platform RWA.io The report, which was authored by RWA.io with contributions from industry participants including UK Finance, Citi, BNY, JPMorgan’s Kinexys, Standard Chartered, ABN Amro and…
NEW DELHI: With increased security threat along the western and northern frontiers, especially after last year’s conflict with Pakistan, the Indian Army has added another Pinaka regiment and is preparing to induct one more by the end of the year, it is learnt. With the operationalisation of one more regiment, the Indian Army now has…
NEW DELHI: The Employees Provident Fund Organisation is focusing on getting subscribers to withdraw unclaimed money lying in inoperative accounts.Nearly a quarter of the inoperative accounts, which are Aadhaar verified, may soon get cleared of the idle balances as the EPFO is working to develop an auto-settlement facility which will allow account holders to receive…
The current Bitcoin (BTC) bear market can be explained by the four-year cycle and long-term BTC holders selling at the $100,000 psychological level, according to Anthony Scaramucci, managing partner of the SkyBridge investment firm. Bitcoin’s four-year market cycle has been “muted” by institutional investors and inflows from BTC exchange-traded funds (ETFs) that have cushioned volatility,…
NE DELHI: The March 31 deadline set by home minister Amit Shah for the elimination of Left-wing extremism (LWE) from the country may pass uneventfully, after having served its purpose of creating the right psychological mindset among all the stakeholders – security and police forces, local administration, political brass of affected states, Maoist leadership and…
The divergence between gold and Bitcoin (BTC) in 2026 can be explained by two distinct segments of buyers, according to Stephen Coltman, head of macro at crypto exchange-traded product (ETP) provider 21Shares. Gold’s rally over the last three years has been primarily fueled by central bank buying, while Bitcoin is more widely held by individuals…
NEW DELHI: Amid the LPG supply crunch, the Centre has asked all ministries to assess the potential demand of piped natural gas (PNG) across canteens and pantries at govt departments and offices, and push for its expansion.It has also urged govt establishments, residential colonies and canteens to switch to PNG, while city gas distribution (CGD)…
MUMBAI: The recent steep rise in the price of gold has catapulted the total estimated value of the yellow metal with Indian households to over $5 trillion, pegging it at about 125% of the country’s GDP. However, this massive gold purchase year after year “represents a conversion of financial savings (bank deposits) into physical assets….
NEW DELHI: The proposed India-EU free trade agreement (FTA) is expected to improve access to technology and create new opportunities for localisation and exports, Skoda Auto Volkswagen India MD and CEO Piyush Arora told TOI. “The FTA strengthens our strategy of developing products in India for the Indian market, while also creating opportunities for exports……
