Why blockchain has caught the fancy of IIT-B

On 4 June 2018, the Indian Institute of Technology, Bombay (IIT-B), signed an agreement with US-based Ripple Labs Inc., to create a centre of excellence to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. IIT-B, thus, became one of the 17 universities across the world to benefit from the $50-million […]

Aadhaar mandatory to file income tax returns

The insurance regulator, in a circular last month, asked insurers to not make Form 60, Aadhaar and PAN card mandatory for the policy holder as part of the know your customer (KYC) process. However, an insurer can accept Aadhaar as an identity document: if you voluntarily offer your Aadhaar card, if insurers ensure that the […]

Paytm wants to cash in on Amazon’s India distress

BANGALORE: India’s online retail industry has been in turmoil since the government implemented stringent new rules to rein in major players like Amazon.com Inc. and Walmart Inc.’s Flipkart. Amid the uproar, Vijay Shekhar Sharma — whose two-year-old Paytm Mall is backed by Alibaba Group Holding Ltd. — is quietly devising ways to outstrip his rivals. […]