Author: TI Editor

The RBI had then said that the move is expected to enhance access and expand choices available to users apart from testing the resiliency of the CBDC platform to handle multi-channel transactions. But will the entry of these fintechs help increase awareness about how to deploy e-rupee and promote usage of CBDC wallets? CBDC walletsAfter the central bank enabled CBDC issuance for third-party application providers (TPAPs), platforms such as CRED and MobiKwik, in collaboration with the RBI and Yes Bank as the sponsor bank, have rolled out versions of e-rupee wallets for select users. The idea behind allowing fintechs to…

Apple’s ‘advanced data protection’ will no longer be available to its UK users. The feature encrypted backed-up data on iPhones to its cloud platform, protecting older, sensitive messages. Will Apple’s decision weaken privacy policies across tech platforms globally? Mint explains: Why did Apple end encrypted backup?Apple didn’t disclose the reason while announcing the decision last Friday, but reports underlined that the move was in response to the UK government imposing a ‘technical capability notice’ under the Investigatory Powers Act, 2016. Citing national security, the law allows a coercive order against a company to reveal requisite data, while asking it to…

Mumbai: Felix Pharmaceuticals is looking to sell a controlling stake in its subsidiary, Felix Generics, which makes veterinary drugs for ‘companion pets’ such as dogs and cats, three people with knowledge of the development said. The Ireland-headquartered Felix Pharmaceuticals, which is eyeing a valuation of around $200-250 million for the controlling stake in its Gurugram-based subsidiary, is in talks with mid-sized and buyout private equity (PE) firms for the deal, the people cited above said on condition of anonymity. The first person cited above said that the company has appointed investment bank Lincoln International to help it look for investors.…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…

By Lananh Nguyen and Nupur Anand NEW YORK, Feb 24 (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted “more hustle” days after the bank’s CEO Jamie Dimon scorned staff pushback against its five-day return-to-office policy. The memo illustrates the tension between JPMorgan’s emphasis on in-office culture and employees who cite its strong performance while flexible working policies were in place. “We need more hustle and scrappiness,” Rohan Amin, chief product officer of the Chase consumer business, wrote in a memo to more than 25,000 employees last week. He cited a call for feedback on artificial intelligence…

California based tech giant Apple is reportedly advancing its efforts to reduce reliance on Qualcomm by integrating its in-house 5G modem directly into its chipset. According to Bloomberg’s Mark Gurman, the tech giant is currently testing successors to its first proprietary modem, with full integration expected by 2028.After much speculation, Apple unveiled its inaugural 5G modem, the C1, with the iPhone 16e. However, unlike Qualcomm’s modems, the C1 currently occupies a separate space on the motherboard, impacting energy efficiency and cost-effectiveness. Sources suggest that Apple is already internally testing the next-generation C2 and C3 modems, with the former expected to…

New Delhi: India’s electronics goods sector should target to boost exports by more than threefold to over $100 billion over the next seven years, said Union commerce minister Piyush Goyal, emphasizing the need for stronger supply chains and globally competitive pricing amid global trade headwinds.The sector should prioritize consumer interests and strike a balance between industry growth and affordability, he said speaking at the 16th edition of ‘ELECRAMA,’ organized by the Indian Electrical and Electronics Manufacturer’s Association (IEEMA). Manufacturers must focus on offering better deals and ensuring affordability instead of resorting to excessive protectionism, which he warned could ultimately hurt…

Rockstar Games and its parent company, Take-Two Interactive, are preparing for a significant year in gaming, as they unveil a slew of highly anticipated releases before the much-awaited Grand Theft Auto VI which might arrive this year.According to NDTV Profit, Rockstar’s first major launch will be PGA TOUR 2K25, scheduled for release on 28 February. This will be closely followed by WWE 2K25 on 14 March. Later in the summer, Mafia: The Old Country will take players back into the world of organised crime. These titles will be available on PlayStation 5, Xbox Series X|S, and PC.Take-Two’s chief executive, Strauss…

Anyone investing in various instruments, including a Systematic Investment Plan (SIP) or regular deposits in mutual funds, will need to consistently track returns to assess the performance of their investments and make informed decisions.Tracking investments may seem straightforward initially; however, when multiple investments are involved, looking at returns may become complicated. Hence, the Extended Internal Rate of Return (XIRR) is important, as it helps to track investments.What is XIRR?Extended internal rate of return, or XIRR, is a financial metric used to calculate return on investments where multiple transactions occur at different time periods.Unlike a simple rate of return, XIRR aims…

NASA’s Expedition 72 cooked up a “space version of hot wings” to get answers to a BIG question: “Will they taste as hot in space as they do on Earth?”In a post on X on February 10, NASA astronauts Nick Hague shared a picture, saying he and Butch Wilmore prepared a “zero-g-friendly chicken with different hot sauces for the Expedition 72 crew’s Super Bowl celebration on the International Space Station.”Nick Hague’s post read, “How is Expedition 72 tailgating for the Super Bowl? We’re cooking up a space version of hot wings and projecting the pre-game coverage on the big screen.…