Author: Ansh Singh

New Delhi: The Reserve Bank of India (RBI) found itself at the center of a harrowing situation when it received a menacing email containing threats of bomb attacks. The ominous communication specifically targeted not only the RBI but also HDFC Bank and ICICI Bank. The sender, in a brazen display of audacity, demanded the immediate resignations of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman. The gravity of the situation escalated as the email detailed plans to plant explosives in the offices of these financial institutions. In a chilling turn of events, a total of 11 bomb threats…

New Delhi: The International Cricket Council (ICC) and Coca-Cola have recently unveiled an extensive eight-year global partnership covering ICC World events across all three formats. This comprehensive agreement encompasses all men’s and women’s tournaments, including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies, extending until the conclusion of 2031. The primary objective of this extended collaboration is to enhance global cricket experiences and solidify Coca-Cola’s position as a longstanding partner of the ICC. As part of the deal, The Coca-Cola Company’s brands will serve as the exclusive non-alcoholic beverage partners for these prestigious events. The…

New Delhi: Cryptocurrencies experienced a tumultuous journey in 2023. Despite facing regulatory challenges, the crypto market yielded profitable returns throughout the year. Bitcoin, the pioneer cryptocurrency, witnessed a significant 160% increase in its price, marking the second-highest growth after the remarkable 350% surge in 2020. The crypto space grappled with various regulatory issues at the onset of the year, including incidents like the FTX and TerraLuma controversies, regulatory scrutiny, legal actions against major exchanges, and countries implementing measures due to concerns about the potential economic impact of private currencies. This created an atmosphere of negativity in the market. However, astute institutional…

New Delhi: Liminal, a leading provider of wallet and custody infrastructure solutions for trading applications, proudly announces its newest client, TIAR, a groundbreaking decentralized sports fantasy application. Liminal has established a reputation for solving the complex challenges of managing wallet and custody infrastructure for trading platforms with massive user deposits, large treasuries, and intricate transaction operations. This partnership marks a significant milestone in Liminal’s journey to expand its services beyond trading applications while upholding the highest standards of security, operational efficiency, and asset management. Liminal’s journey began with a mission to address the unique requirements of trading platforms operating in…

New Delhi: In a transformative move poised to redefine the dynamics of the music industry, ISAMRA (Indian Singers’ and Musicians’ Rights Association) has entered into a strategic partnership to leverage the technological expertise of TreadBinary, a leading technology innovator. This landmark collaboration marks a pivotal moment in the trajectory of both organizations, signalling their shared commitment to ushering in a new era of transparency and efficiency in royalty distribution. ISAMRA, with the technical expertise of TreadBinary, embarks on a mission to revolutionize royalty distribution by significantly reducing the cumbersome process of manual data processing by 90%. The objective of this…

New Delhi: Warner Bros and Paramount Global are currently in preliminary discussions about a potential merger, bringing together the entities behind HBO and CNN with the studio responsible for Mission Impossible films and CBS News. The talks between Warner’s CEO, David Zaslav, and Paramount’s chief, Bob Bakish, took place during a recent lunch meeting in New York. However, insiders caution that these talks are in the early stages, and there is no guarantee that a deal will materialize. The conversation, initiated by Zaslav, is characterized more as an expression of interest than a formal offer. Paramount’s controlling stakeholder, Shari Redstone,…

New Delhi: Krutrim, the AI venture led by Bhavish Aggarwal, co-founder of Ola, unveiled its base large language model (LLM) named Krutrim, entering the competitive field dominated by Google, Microsoft, and OpenAI. Krutrim is unique for being built with the largest representation of Indian data, catering to generative AI applications for all Indian languages. Developed by a team of computer scientists in Bengaluru and San Francisco, Krutrim will power a conversational AI assistant fluent in multiple Indian languages. Aggarwal emphasized the significance of India’s cultural diversity, stating that existing LLMs, predominantly trained in English, fail to capture the nuances of…

New Delhi: The Ministry of Railways in India has unveiled an ambitious plan to completely eliminate waiting lists within the next 4-5 years, backed by a substantial investment of Rs 1 lakh crore. This initiative aims to acquire 7,000-8,000 new train sets over the next 15 years, addressing the escalating demand, particularly in the general and sleeper-class coaches. Analysis of data from April to October 2023 indicates a noteworthy shift in passenger distribution, with non-AC coaches, including General and Sleeper classes, accounting for a staggering 95.3% of the total passengers carried. This represents a substantial increase of 38 crore passengers…

New Delhi: Narayana Murthy, the co-founder of Infosys, has sounded an alarm regarding a deepfake video circulating on social media that falsely claims his endorsement of automated trading applications, promising substantial earnings. Taking to X (formerly Twitter), Murthy expressed his concern and advised users to be vigilant, cautioning them against falling prey to deceptive content. He vehemently denied any involvement with trading applications like BTC AI Evex, British Bitcoin Profit, Bit Lyte Sync, Immediate Momentum, Capitalix Ventures, and others. In a statement, Murthy addressed the proliferation of fake news on social media platforms and various deceptive websites that utilize deepfake technology.…

New Delhi: Air India has recently revealed its new uniforms for pilots and crew members, marking the first change in six decades since the airline’s establishment in 1932. The unveiling coincides with the ongoing merger with Vistara. The airline, expressing the new uniforms as a tribute to its rich history and a commitment to a promising future, enlisted fashion designer Manish Malhotra for the task. Scheduled to be introduced by the year-end, the uniforms showcase a colour palette of red, aubergine, and gold, symbolizing the confidence and vibrancy of contemporary India. Over 10,000 flight crew, ground staff, and security personnel…