In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals, RIL said in a press release. “The use of blockchain offers significant potential to reduce the timelines involved in the exchange of export documentation from the extant 7-10 days to less than a day,” said RIL joint chief financial officer Srikanth Venkatachari. The transaction allowed a digital transfer of the title of goods from the seller to the buyer. The letter of credit was issued by ING Bank for Tricon Energy USA (importer) with HSBC India as the advising and negotiating bank for RIL. HSBC’s head of glob
What if we told you that in the near future, your home broadband will let you answer a video call from the TV or a smartphone? That’s exactly what Reliance Jio wants to pull off with its Jio GigaFiber broadband service. This, and also the promise of creating a wholesome smart solution ecosystem that ranges from internet-enabled television to smart switches. But how will all this work out? At the Indian Mobile Congress, Jio gave us a glimpse of its latest technology. The internet at every registered household will be powered by the router (see image below). This device supports multiple LAN ports, including one port for the phone cable and can connect up to 20 devices with Wi-Fi internet simultaneously. The router then gets connected to another device that acts as an internet-enabled set
In what is seen as a move by Google to adopt some of the strict policies followed by Apple, the company has announced that free access to user data on its platforms given to mobile apps will be no longer permitted, reports Economic Times. Observers say this would come as a rude shock to many companies especially in India which were highly dependent on such data to fashion their own business strategies and to target their marketing communications based on user behaviour. Some sectors like financial services and ecommerce will be immediately affected. At the heart of the matter is the way developers create apps and seek Google’s approval to place them in the Play Store. Google has been quite liberal with such approvals and customers had a massive choice of apps to select from and download
Nishant Aggarwal, a senior systems engineer working with Brahamos Aerospace unit at butibori near to Nagpur, leaked data. He was arrested today because the leaked technical information to Pakistan and ISI agents. He was working in a joint operation by Uttar Pradesh and Maharashtra Anti-Terrorism Squads (ATS) at Brahmos wardha road facility, it was reported by an ATS official from Nagpur. He initially belonged to Rorkee, Uttrakhand and was very young scientist honored by ’Young Scientist Award’ for the year 2017-18. He was also the head of Hydraulics-pneumatics and warheaded integration wing of bramhos production department. He was honey trapped by ISI agents. ATS had a close watch on fake facebook accounts of women which were controlled from Pakistan, and were chatting with people working
One of the world's most advanced long range is the air defence systems that reportedly hits targets 400 km away - S-400 . The deal is signed between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi . Even after threat of sanctions from the United States , Indian will finally have the world's most deadly surface to air missile system , S-400 Triumf . Since time immemorial , Russia has been an important defence hardware supplier to India . Russian President has arrived Delhi on thursday for a two day visit to India accompanied by a high level delegation comprising Deputy Prime Minister Yuri Barisov , Foreign Minister Sergey Lavrov and Trade and Industry Minister Denis Manturov . United States is insinuating at tough punishments against any country buying or wishing
She was 87, and she passed away on Monday 1 October Mumbai she took her last breathe. She lost her life to cardiac arrest yet age was another factor. The whole Kapoor family was spotted on the demise. Entire family is deeply saddened by her demise. In May 1946, she married Raj Kapoor and were blessed with 5 children. 3 sons Randhir, Rishi, Rajiv and 2 daughters Ritu and Rina. The last rites were performed at Chembur Crematorium one generation of Kapoor family completed after her death. She was so nice many Bollywood actresses tweeted on twitter and Kapoor family members posted on Instagram Bollywood lost such a great personality. May she rest in peace.