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Tech Mahindra Launching Blockchain Solution for BFSI Clients

6Apr

By Ayushi Sharma2 Comments

Blockchain, news

Tech Mahindra Launching Blockchain Solution for BFSI Clients

Tech Mahindra Ltd has partnered with a Netherlands-based blockchain application service provider called Quantoz. In order to launch a new scheme of a blockchain solution for global banks and financial institutions. The usage of Stablecoins as a mode of payment can result in reducing transaction costs and processing time. Also while providing the potential to audit and high security. “This collaboration is in consideration of the OCC (Office of the Comptroller of Currency) announcement allowing federally chartered US banks to use stable coins for standard banking functions like payments and transactions. This will accelerate the regulated use of blockchain and has the potential to boost its adoption across banking vertical," Tech Mahindra said in a statement. Stablecoins are di...

Lockdown 2.0: Maharashtra lockdown guidelines

5Apr

By Anjali Ved2 Comments

Health, news

Lockdown 2.0: Maharashtra lockdown guidelines

Lockdown 2.0 has been announced in Maharashtra by the end of April according to the new guidelines of the government. The increasing cases of covid-19 cases have made the CM Uddhav Thackeray impose lockdown-like conditions and limitations across the state from 8 pm as of Monday. And a complete lockdown on weekends has been announced. As per the state government notifications issued on Sunday, all shops will be closed till the end of the month except essential services. Monday will be allowed to buy non-essential goods for this month. Eateries and restaurants will be open for takeaways and home delivery during day time. Related article| lockdown in Maharashtra may strike again: Uddhav Thackeray Here, night curfews will be imposed every day from 8 pm to 7 am. As to maintain socia...

Microsoft Soon To Launch Tech Hub In Noida

5Apr

By Ayushi Sharma4 Comments

Information Technology, news

Microsoft Soon To Launch Tech Hub In Noida

Microsoft India has bought 60,000 square metres of land costing Rs 104 crore to set up a world-class technology hub. Microsoft soon to launch tech hub in Noida. This will result to attract more software companies to Noida and the Microsoft facility will be used as an information technology (IT) and information technology-enabled service (ITeS) facility. According to the sources, the investment by Microsoft would increase employment opportunities. Moreover, the National Capital Region (NCR) and attracts more IT companies to invest in the area. The land premium is Rs 104 crore of which 40 per cent is to be paid within a month to execute a sale deed and the remaining 60 per cent in eight six monthly instalments within four years, they said. The project is estimated to complete in the next ...

Lockdown in Maharashtra may strike again: Uddhav Thackeray

3Apr

By Anjali Ved1 Comment

Health, news, Opinion

Lockdown in Maharashtra may strike again: Uddhav Thackeray

"The priority is saving lives. Jobs once lost can be got back, but we can’t get back the lives that have been lost”, said Uddhav Thackeray, CM of Maharashtra. He said that lockdown in Maharashtra may announce again after two days if the covid surge is continued. But, he stated that the decision will have to take consultations with experts. The case account has increased to 29.04lakhs, of which 3.89 lakhs are active cases. The mortality ratio has reached 1.91% after the death of 202 patients on Friday, 2 April. He further, red-flagged the possible shortage of healthcare infrastructure soon amid the surge of covid-19. “Today, I am giving indications of a complete lockdown, but I am not imposing it yet,” Thackeray said in an address to the people of the state. “However, in the next ...

Amit Chadha appointed as MD and CEO of L&T Technology Services

2Apr

By Ayushi Sharma1 Comment

Information Technology, news

Amit Chadha appointed as MD and CEO of L&T Technology Services

Sources from the officials confirmed that Amit Chadha appointed as MD and CEO of L&T Technology Services. He is taking charge of the new position from 1st April 2021. Prior to this promotion, he was working as the deputy CEO and was a whole-time board member. Chadha joined LTTS in the year 2009 and has been an active member of the Executive Management Team. He managed various projects including the stock exchange market listing in 2016. Moreover, he was working as president in sales and business development. Where he managed the global R&D customers and Fortune 500 companies leveraging LTTS digital engineering offerings for their strategic differentiation and product development. Also Read: Blockchain Comes Under Data Privacy Search "Against this backdrop, the multi-vertical...

Blockchain Comes Under Data Privacy Search

1Apr

By Ayushi Sharma1 Comment

Blockchain, news

Blockchain Comes Under Data Privacy Search

Blockchain is a decentralized digital ledger, which records transactions taking place in a peer-to-peer network. In a simple explanation, blockchain is a collection of databases in form of blocks, connected to each other. Nothing can be deleted or modified in the database after it has been added and approved. And that's why blockchain comes under data privacy search. While there are numerous blockchain platforms, perhaps the most recognized blockchain platforms are the Bitcoin blockchain and Ethereum, the blockchain for Ether. The Bitcoin blockchain is credited with sparking the adoption of blockchain as it sheds light on the potential of decentralized finance. However, Ethereum is the blockchain platform that has emerged as the catalyst for innovation because of its ability to enable the...

RBI hinted at starting a blockchain system soon

31Mar

By Ayushi Sharma1 Comment

Blockchain, news

RBI hinted at starting a blockchain system soon

After the ban on cryptocurrency, the government announced to bring its own "digital currency". India's central bank Reserve Bank of India hinted at starting a blockchain system soon. The report, quoting sources, stated that the digital currency system would be pretty much like cash to give firm control to the apex bank. The central bank's private blockchain system will be based on the Unified Payments Interface (UPI) model. A place where public and private sector firms can create their apps. However, the talks are in the initial phase, and a final decision has yet to make it. Also Read: ITI debut healthcare services using blockchain technology Announcement of Crypto Ban February 2021, Reserve Bank of India (RBI) chief Shaktikanta Das stated that the central bank had reservations over c...

31st March is the last date of PAN-Aadhar linking

31Mar

By Anjali VedNo Comments

Bank, news, Politics

31st March is the last date of PAN-Aadhar linking

31st March is the last date of PAN-Aadhar linking. If anyone fails to do it, their permanent account number will be inoperative from 1st April. PAN-Aadhar linking is important for allowing transactions wherever quoting of PAN is required. Such customers will be affected and have to give a penalty of 1000 rupees as per the finance bill 2021. The finance bill was passed earlier this month by the parliament. The government has passed a finance bill, where it inserted a new section- ‘234H’. According to this section "Without prejudice to the provisions of this Act, where a person is required to intimate his Aadhaar number under sub-section (2) of section 139AA and such person fails to do so on or before such date, as may be prescribed, he shall be liable to pay such fee, as may be prescri...

Delhi reported the highest temperature on Holi

30Mar

By Anjali Ved1 Comment

news, Opinion

Delhi reported the highest temperature on Holi

New Delhi: as of Monday, on the day of Holi 2021, Delhi reported the maximum temperature in march in 76 years. A hot temperature of 40.1 degrees was experienced, which was the hottest day in the last 76 years in the month of March, the Indian meteorological department said on Monday. Hence, the Delhi temperature on Holi was quite remarkable. Kuldeep Srivastava, the head of the IMD's regional forecasting center, said the Safdarjung observatory, which provides the Capital’s representative, recorded a maximum temperature of 40.1 degrees Celsius, eight notches more than normal. "It is the hottest day in March since March 31, 1945, when the national capital recorded a maximum of 40.5 degrees Celsius," Srivastava said, according to news agency PTI. It was the hottest day in march since Marc...

Why do We Celebrate Good Friday: Wishes|Quotes|Shayari| History of Good Friday

29Mar

By Nikita Dhyani1 Comment

Culture, education, news

Why do We Celebrate Good Friday: Wishes|Quotes|Shayari| History of Good Friday

Good Friday according to the Bible, the son of God was flogged, ordered to carry the cross on which he would be crucified and then put to death. When Is Good Friday This Year? Good Friday is on Friday, April 2nd, 2021. This is always the Friday before Easter. Why is it called Good Friday and what’s so good about it? This is a very sad day for Christians. Lord Jesus was crucified on a wooden cross by the Roman soldiers. But the question here is different! If this day is so bad and sorrowful then why it is termed as “Good” Friday? The Christians observe ‘Good Friday in such a way that as if something awful, sad and terrible happened. But they believe that Lord Jesus gave up his life for the good of the people. The crucifixion of Jesus was painful, and it ...