Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services….
NEW DELHI: Congress leader and party’s deputy leader in Lok Sabha Gaurav Gogoi is likely to contest the upcoming Assam assembly election from Jorhat constituency, news agency ANI reported, citing party sources.This comes as the grand-old-party finalised candidates for as many as 40 seats during the Central Election Committee meeting held on Friday. “Congress will…
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
MUMBAI: Across the board selling pulled the sensex down by 961 points (1.2%) on Friday, and the 30-share index closed at 81,287 points with banks leading the slide. Tariff uncertainty, foreign fund selling and no visible progress in Iran-US talks left investors jittery and pressing the sell button ahead of the weekend.Foreign funds led the…
NEW DELHI: Airlines that fly to, from, and through the regions impacted by the US-Israeli strikes against Iran are now steering clear of the same and trying to find ways to evacuate their crew from there. Going ahead, flights between the west and India, among other places in the east, will now get longer and…
NEW DELHI: Chief economic adviser V Anantha Nageswaran Friday raised the growth forecast for the next financial year to 7-7.4% as against 6.8-7.2% projected in last month’s Economic Survey, banking on improved policy certainty due to trade agreements and an improvement in capital flows, along with high-frequency data pointing to sustained momentum in consumption and…
Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token…
PM Narendra Modi launches HPV vaccination drive NEW DELHI: Prime Minister Narendra Modi on Saturday launched the nationwide Human Papillomavirus (HPV) Vaccination Programme, targeting girls aged 14 years across all States and Union Territories. The initiative was launched during his visit to Ajmer, Rajasthan. It aims at preventing cervical cancer and is part of the…
NEW DELHI: PM Narendra Modi on Friday asked industry to innovate and come up with fresh investments. He also urged financial institutions to adopt innovative models to boost infrastructure funding, while strengthening project sanction and appraisal quality.At a post-budget webinar, after listing out the steps taken by govt over the last decade on infrastructure, PM…
Ethereum co-founder Vitalik Buterin has published a new blog post on X outlining his latest vision for scaling the blockchain, arguing the network can boost capacity in the near term while laying the groundwork for a longer-term shift to advanced cryptography and data-heavy “blobs” that would change how Ethereum is validated. The post reflects Buterin’s…
