The funds, which co-founder Sumit Gupta plans to use to double his team in 6 months, comes as Indian policymakers debate status of digital currencies while govt is yet to take a final stance.
Globally, e-commerce & payment firms are in the crosshairs of regulatory action. As governments insist on local storage, burden of compliance falls disproportionately on international firms.
Banks have been asked to prepare a list of sensitive positions to be covered under ‘mandatory leave’ requirements and also review the list periodically.
The May inflation figure may be somewhat inaccurate, with the rise appearing to be mainly due to higher global crude oil prices, commodity prices, and supply-side disruptions.
RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.
The country's foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended 21 May, boosted by gold and currency assets, as per RBI data.
The decision to transfer the surplus while maintaining the Contingency Risk Buffer at 5.50 per cent was taken at the meeting of the Central Board of Directors of RBI.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
The aircraft was undertaking a manoeuvre when it plummeted to the ground and burst into a ball of flame. Visuals suggest that the pilot was unable to eject.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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