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Anil Ambani’s Reliance Capital secured a buyout offer of Rs 9650 crore from IIHL a few months ago. Hinduja Group’s firm has now received clearance from SEBI, CCI (Competition Commission of India) and RBI.
The stated aim of cryptocurrencies is to free the monetary system from the need to trust financial intermediaries, by relying on incentive design and technology. Many descriptive studies, however, have questioned cryptocurrencies’ delivery on the promise of trustlessness. This paper promotes a normative analysis of trust in cryptocurrencies by discussing (i) whether trust is in principle eliminable, and (ii) whether trustlessness is in itself a desirable goal. These issues are closely related, we argue, to the further issue of what kind of institutions cryptocurrencies represent. We discuss the cognitive functions played by cryptocurrencies through the lens of the “extended mind” hypothesis in the philosophy of mind and hence conceive of cryptocurrencies as mind-extending institutions. As the models of institutional mind extension differ in the fiduciary bond they assume exists between individuals and institutional resources, we compare the reliance-based model of “scaffolding institutions” with the trust-based model of “cognitive institutions,” showing that the ineliminability and desirability of trust lead to seeing cryptocurrencies as instances of the latter. In the end, our discussion suggests that trust is a necessary component of cryptocurrencies’ cognitive functions and its promotion helps to perform such cognitive functions more effectively and sustainably
All three of Mukesh Ambani's children serve on the board of Reliance. But someone else earns more than them, and it is not one of the Ambani family members.
Filial piety has been at the core of China’s elderly care system for centuries, but as society rapidly changes, new avenues are being explored to help make sure the country’s elderly are taken care of in their twilight years.
Reliance, Inc. (RS) released a profit for first quarter that decreased from last year and missed the Street estimates. The company's earnings totaled $302.9 million, or $5.
Anand Jain, the Chairman of Jai Corp Limited, is a one-time billionaire who was the 11th richest Indian in 2007, as per Forbes. His net worth was a whopping $4 billion (approximately Rs 33,154 crore) at the time.
The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the most among the top 10 firms. Infosys faced an erosion of Rs 30,488.12 crore from its valuation which stood at Rs 5,85,936.45 crore.
SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results...
DMRC and DAMEPL signed an agreement to design, install, commission, operate, and maintain the Airport Metro Express Line that runs from New Delhi Railway Station to Sector 21 Dwarka.