Author: Ansh Singh

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…

New Delhi: The shares of Zomato Ltd, a prominent online food delivery company, following reports indicating that Alipay, the Chinese payments group, is considering selling its entire 3.44% stake in the publicly listed company for approximately $400 million (or Rs 3,331.60 crore at a rupee-dollar exchange rate of 83.29) through block deals. According to data from BSE, Alipay Singapore Holding Pte Ltd held 29,60,73,993 shares, representing a 3.44% stake (equivalent to 3.5% voting rights) as of the end of the September quarter. Hello Entrepreneurs, citing a term sheet, suggests that the block deals are likely to be transacted at Rs…

New Delhi: Adani Infrastructure India has recently appointed Bimal Dayal, who currently serves as the Chief of Transmission Business at Adani Energy Solutions (AESL), as the Chief Executive Officer (CEO). In his new role, Dayal will be tasked with overseeing the execution of a diverse portfolio of infrastructure projects, including those focused on thermal, renewable energy, and green hydrogen. This strategic move is part of Adani’s broader vision for aggressive growth, emphasizing a significant annual growth rate of over 15 percent in its infrastructure business. To facilitate this growth, the existing management team of AESL, under the leadership of Anil…