The Russian authorities has softened necessities for obligatory gross sales of international foreign money for exporters, if greater than half of the worth of their contracts, is paid in roubles, in response to modifications to a authorities decree. Additionally learn:Foreign currency trading: Greenback ebbs as markets await key world inflation studies President Vladimir Putin, signed … Read more
The Commerce and Trade Ministry, might suggest a devoted coverage for deep tech startups to advertise innovation, for the forthcoming Price range to be introduced by the brand new authorities, an official mentioned. Additionally learn:90% of corporations plan to spice up investments in key digital tech areas in 2024: Report Voting for the Lok Sabha … Read more
India’s petrol and diesel consumption broke all information in Could 2024, aided by larger demand for auto fuels resulting from campaigning and voting within the ongoing Lok Sabha elections and the start of summer season holidays. Additionally learn:Rural India’s financial misery poses post-election problem In addition to, larger utilization additionally displays the world’s third-largest crude … Read more
Jivi, an Indian healthcare AI startup, co-founded by former BharatPe Chief Product Officer Ankur Jain, and GV Sanjay Reddy, Chairman, Reddy Ventures, has ranked primary on the Open Medical LLM (Massive Language Mannequin) Leaderboard. Additionally learn:AI startup Myelin Foundry secures $4 mn in funding for Edge AI Jivi MedX has crushed established LLMs, together with … Read more
The Knowledge Safety Council of India (DSCI), not-for-profit business physique on knowledge safety, arrange by nasscom, has introduced the launch of Cyber Sainik, a cybersecurity coaching program for college students throughout India together with Kyndryl. Additionally learn:Cybersecurity startup Treacle raises ₹4 crore in pre-seed spherical The programme, which is able to practice 25,000 college … Read more
The storage in India’s 150 main reservoirs dropped for the thirty fourth week in a row with the extent bettering by 2 proportion factors within the northern area however dropping beneath 30 per cent of the capability in the remainder 4 areas of the nation this week, knowledge from the Central Water Fee (CWC) confirmed. … Read more
The RBI is within the strategy of increasing the scope and protection of the general public tech platform for frictionless credit score to incorporate extra merchandise, information suppliers and lenders, based mostly on learnings and suggestions obtained from stakeholders. Additionally learn:RBI points framework for fintech sector self-regulation The platform at present permits linkage with 31 … Read more
Mumbai The RBI has issued the ultimate framework for self-regulatory organisations (SRO) within the fintech sector, which signifies that the regulator could also be in favour of permitting a number of SROs for the sector. Additionally learn:RBI asks fintechs to not pursue blistering development “The RBI intends to provoke the method of recognising SRO(s). Accordingly, … Read more
Muthoot Pappachan Group (MPG), popularly often called Muthoot Blue, has roped in Shah Rukh Khan as its model ambassador. Additionally learn:Muthoot Fincorp register highest mortgage disbursements in FY24 This strategic collaboration represents a major milestone for MPG, reinforcing its model presence, and a brand new manner of connecting with a various viewers throughout the nation, … Read more
Worldwide Nut and Dried Fruit Council (INC), forecast an 8 per cent rise in world tree nut manufacturing for 2024-25 at 6.2 million tonnes (kernel foundation, besides pistachios in-shell) from 2023-24. Additionally learn:Dry spell hits tea arrivals at Coonoor auctions Though, it’s nonetheless very early within the season to anticipate the outcomes, the forty first … Read more