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RBI finally explains its problem with cryptocurrencies and why CBDCs are safer

India’s central bank may have answered one of the country’s cryptocurrency industry’s biggest questions. Speaking at a webinar organized by the Vidhi Centre for Legal Policy, a top advocacy group in India, T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), said “private virtual currencies” are at “substantial odds” to the historical concept of money. He questioned the comparison of crypto assets with commodities like gold, saying that cryptos have no “intrinsic value...
Nirmala Sitharaman Rameesh Kailasaman Mark Cuban Lok Sabha T Rabi Sankar Rahul Pagdipati

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Ascendas India Trust Buying Amazon India's Hyderabad Office

Mingtiandi Username aVance 6 is the latest in a string of Hyderabad buildings which Ascendas India Trust has purchased Ascendas India Trust on Tuesday announced that it has agreed to purchase an office building in Hyderabad, India leased almost entirely to online giant Amazon as the CapitaLand-managed REIT continues to build its tech space portfolio on the subcontinent. The Singapore-listed trust is paying INR 5.06 billion ($70 million) for the asset known as aVance 6, in its latest buy from lo...
Andhra Pradesh West Bengal United States Nova Scotia Asia Pacific Sanjeev Dasgupta

IBM India I India second-highest contributor after US to IBM's 9,130 patents globally

Updated Jan 13, 2021 | 11:18 IST For the fourth year in a row, IBM India was the second-highest contributor to IBMs global tally with 930 patents granted to inventors from India in 2020. India second-highest contributor after US to IBMs 9130 global patents&nbsp | &nbspPhoto Credit:&nbspPTI New Delhi: At 930, IBM India was the second-highest contributor to the company patents received form its global operations, it said in a statement on Tuesday.  It topped the US Paten...
New Delhi Asia Gargi Dasgupta Research India Photo Credit India Director South Asia Gargi Dasgupta

How the pandemic and lockdown pushed digital fitness and diet forward

Updated: January 13, 2021 13:22 IST To some extent, say experts in the tech-led fitness and diet space, as they talk about how the COVID-19 pandemic and lockdown gave digital products a boost that’s likely to stay Share Article AAA To some extent, say experts in the tech-led fitness and diet space, as they talk about how the COVID-19 pandemic and lockdown gave digital products a boost that’s likely to stay In a departure from raucous partying on New Year’s Eve, 10,000 people celebrated ...
Tushar Vashisht Payal Kadakia Sarvesh Shashi Lakshay Verma Digital Dance Party New Year

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