Stay updated with breaking news from Cbdc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
FY23 results for Myntra, ZestMoney, Curefoods, Unacademy, Sugar Cosmetics, and Kapiva presented a mixed picture on Wednesday, with surging revenues being mostly offset by wider losses. This and more in today's ETtech Top 5.
RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance from some employees, prompting a protest from the All India Union Bank Employees Federation. They advocate for management to consult staff before enforcing this initiative.
Despite a turbulent 2023 for the digital asset industry, the corner seems to be turning and 2024 is kicking off with great momentum across multiple fronts.
In an end-of-the-year letter, Governor Shaktikanta Das also called on the Reserve Bank of India's staff to
The Fediverse, decentalised Web3, and the rise of Indian large language models were among the big trends this year, apart from all things artifiicial intelligence—GenAI, how AI is helping synthetic biology, and merging human brain cells with AI