Reliance Industries’ financial services arm, Jio Financial Services (JFS), has announced its partnership with the US-based firm BlackRock to launch asset management services in India. The joint venture will run on 50:50 ownership to offer investment solutions. Moreover, both firms will make an initial investment of $150 million each in
Finance Minister Nirmala Sitharaman of India, which is now holding the G20 chair, said on Tuesday that the G20 embraced the recommendations of the Financial Stability Board (FSB) on crypto asset activity and global stablecoin arrangements. After several claims of criminal behavior surfaced during crypto’s recent rocky year. The international
The crypto market has experienced significant growth and developments over the past few years. As every country is developing and adopting crypto, the G20 is to discuss a game-changing move for crypto regulations, international taxation, and bank finances. Moreover, the G20 finance ministers and central bank governors came up with
Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a
Hashed Emergent is thrilled to sponsor a flagship conference in a week-long series of web3-centered events in Bangalore, the epicenter of India’s innovation and startup ecosystem, dubbed the “Silicon Valley of the East.” The new event, India Blockchain Week (IBW), seeks to establish itself as India’s first multi-chain web3 conference
Automobile giant Skoda’s Indian subsidiary, in keeping with its worldwide Web 3.0 ambition, has established Skodaverse India, a platform where users can access and buy/trade Non-Fungible Tokens (NFTs) in an attempt to boost interaction with the tech-savvy youth and build a loyal consumer base. Plus, Skodaverse is working with Near
Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic
Former Twitter CEO Jack Dorsey claimed that the micro-blogging platform encountered “many requests” from the Indian government to block accounts covering “farmer protests” and those who criticized the government. In a startling revelation, Jack Dorsey stated that the Indian government exerted pressure on the social media platform to block accounts
While it is true that BRICS countries have expressed their desire to reduce the dominance of the US dollar in international trade and finance, it would be an exaggeration to say that they are “racing” to achieve this goal. The BRICS countries have been exploring alternatives to the US dollar
India’s central bank has put forward a recommendation for banks to embrace artificial intelligence and blockchain technology in order to achieve sustainable growth and ensure stability. Deputy Governor Mahesh Kumar Jain, at a conference organized by the Reserve Bank of India (RBI) for directors of Indian banks, led a discussion on
