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Breaking Briefs

Rising fintech attracting hacking hawks: Report

There is a scare that 5G technology will raise the threat of cyberattacks. As much as 50% of the manufacturing companies apprehend, so do 48% of the people, logistics and transportation organisations believe that 5G will make them vulnerable to more attacks.
Crypto akin to drugs, intl co-operation needed: FM

The Reserve Bank of India (RBI) governor Shaktikanta Das has time and again, called for completely banning cryptocurrencies, since they were akin to gambling in his opinion
By 2030, UPI could record 23,000+ transactions a second

Two billion transactions a day, or 23,148 transactions a second. That’s the jaw-dropping number of transactions that Indians might conduct using United Payments Interface (UPI) by 2030.
RBI has locked target to reduce retail inflation to 4%: Shaktikanta Das

The retail inflation figures in July, 2023 ,sprung a nasty – but not unexpected – shock to policymakers with a surge to 7.44% from a far sober 4.81% in June.
G20 TechSprint identifies 21 proposals for cleaner financing

India took over that responsibility on December 1 last year and it would continue till November 30, 2023. Brazil and South Africa would take over the baton from India in the next two years respectively.
Turbocharging UPI: Credit lines can be linked now, rules RBI

So far, one could use only the money deposited for transactions through the UPI System. Only savings and overdraft accounts, credit cards and prepaid wallets can be linked to UPI.
EPFOs gets nod to invest redemptions in ETFs

Per government mandate, EPFO is allowed to invest anywhere between 5 to 15% of its corpus in equity instruments. However, this ceiling has never been utilized by EPFO, with its maximum investment going just a little over 10%.
Ratnaveer gets fully subscribed on Day 1

Company’s profit has increased five times in two years from Rs 5.46 crore in FY21 to Rs 25.04 crore FY23.
DoT cracks down on fake SIMs

According to government data, since May 2023, about 52 lakh mobile connections and 67,000 dealers have been blacklisted. 300 FIRs have also been filed against SIM card dealers in the same period.
Jio out of all indices

Company's total market cap is more than Rs 1.5 lakh crore. The question still lingers about Jio's playbook of disrupting the sector it enters.

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