The pilot project for central bank digital currency (CBDC) in the retail segment went live on Thursday with the Reserve Bank of India (RBI) issuing Rs 1.71 crore to four participating banks based on their indents. The central bank has identified four banks for the first phase of the pilot - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank - in four cities, Mumbai, New Delhi, Bengaluru and Bhubaneswar. The highest indent was received from one private sector bank.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
'At the heart of the strategic relationship between our countries are economic ties.'
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G telecom gears by end of this year for 5G services. "In about a month, 5G mobile services will roll out in the country, which will have multiplier effects on the development of all sectors.
Bento said the 30-year-old, who was injured midway through Tottenham Hotspur's Champions League match at Olympique de Marseille this month, joined the squad only in recent days.
Tottenham Hotspur boss Andre Villas-Boas has been criticised for allowing France international goalkeeper Hugo Lloris to play on despite briefly losing consciousness against Everton on Sunday.
Hundreds of thousands of Argentines poured into the sunlit streets of Buenos Aires on Sunday
Tottenham Hotspur and Liverpool fans' joy at reaching the Champions League final has been dampened by the eye-watering costs of travelling to Madrid for the June 1 showdown.
'The fiscal pressure will be there, but the intent of the government behind this move is to spur demand and growth.'
Jose Mourinho's wretched week ended on a high note as Manchester United's big guns Zlatan Ibrahimovic and Paul Pogba finally began firing, both finding the target in a 3-1 win at dismal Swansea City on Sunday. Mourinho watched from the stands at the Liberty Stadium following his touchline ban imposed by the Football Association on Wednesday and was buoyed to see Ibrahimovic score twice -- his first league goals in eight weeks -- and Pogba net a superb volley. United, vastly improved after their midweek Europa League defeat at Fenerbahce, went ahead with a 15th minute strike from Pogba worthy of his 89 million pounds price tag before Ibrahimovic ended his goal drought with a sharp first-half double in the space of 12 minutes.
The return leg will be played at Ajax's Johan Cruyff Arena on May 8.
Spurs Premier League match at Brighton postponed due to COVID-19
Images from the FIFA World Cup match between Senegal and England on Sunday.
The incident was one of many involving match officials being confronted in the top flight at the weekend, with the FA also charging Liverpool manager Juergen Klopp with improper conduct for his outburst at an assistant referee.
A round-up of Tuesday's action in the UEFA Champions League.
Amazon Web Services (AWS) will invest nearly $4.4 billion (Rs 36,000 crore) in India by 2030 and support more than 48,000 jobs externally through a new regional service launched on Tuesday, said the on-demand Cloud computing company. AWS Asia Pacific (Hyderabad) is the company's second infrastructure region in India, six years after it opened its first Cloud region in Mumbai in 2016. The Hyderabad region will give customers access to AWS technologies for data analytics, security, machine learning, and artificial intelligence.
Indian women's team had won a bronze medal at Incheon four years ago and Sindhu hoped they can change the colour of the medal this time when the multi-sport event gets underway on August 18.
'To our Moroccan friends: Congratulations on this beautiful journey. You are making football history.'
With United unable to sign a replacement, the pressure will be on 21-year-old England forward Marcus Rashford to deliver the goals in a more central role than he has previously operated in.
'But some like Rakesh leave an imprint that is hard to remove or forget...'
Strong performance of past IPOs spurred investors' interest, with 87 small and medium enterprises (SMEs) garnering Rs 1,460 crore through initial share-sales in the first nine months of the year. This was way higher than 56 companies that had raised Rs 783 crore through initial public offering (IPO) in the entire 2021, the industry data showed. Further, the remaining part of the year 2022 can see more mature companies accessing the platform.
Hosts England ended a 44-year wait to win the World Cup as they beat New Zealand side on boundary count after a tied Super Over in a dramatic final on Sunday.
The Grizzlies, who had nine players score in double figures, stretched their winning streak to three. They managed the record blowout despite the absence of their leading scorer, Ja Morant, who is sidelined due to a knee injury.
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