Representative Image (Photo: Reuters) PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal $ (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and… Continue reading PayPal rolls out dollar stablecoin to boost digital tokens for payments
Tag: boost
Amazon India signs pact with Gujarat Govt, EDII to boost state’s exports
Amazon will focus on bringing weavers, artisans and other micro, small and medium enterprises (MSMEs) from Gujarat on Amazon Global Selling, the e-commerce exports programme. Amazon India on Monday said it has signed a Memorandum of Understanding (MoU) with the Entrepreneurship Development Institute of India (EDII) and the Cottage and Rural Industries Department, Government… Continue reading Amazon India signs pact with Gujarat Govt, EDII to boost state’s exports
Trade settlement in INR btw India-Bangladesh to boost commerce: CII EXIM
India and Bangladesh commencing cross-border trade settlement in Indian rupee (INR) would promote two-way commerce by reducing transaction cost, an industry official said on Sunday. CII national committee on EXIM Sanjay Budhia said that since all exports and imports and settlement of trade transactions under this arrangement may be denominated and invoiced in… Continue reading Trade settlement in INR btw India-Bangladesh to boost commerce: CII EXIM
High-level India-EU meetings this month to boost FTA talks, says official
High-level meetings between India and the European Union (EU) will be held this month to take stock of the progress of talks on the proposed free trade agreement, according to an official. “The EU officials are coming for the G20 trade ministers meeting this month in Jaipur. There is a high-level meeting at… Continue reading High-level India-EU meetings this month to boost FTA talks, says official
Kim Jong tours weapons factories, vows to boost war readiness amid tensions
North Korean leader Kim Jong Un toured the country’s key weapons factories, including those producing artillery systems and launch vehicles for nuclear-capable ballistic missiles, and pledged to speed up efforts to advance his military’s arms and war readiness, state media said Sunday. Kim’s three-day inspections through Saturday came as the United States and… Continue reading Kim Jong tours weapons factories, vows to boost war readiness amid tensions
ISRO transfers satellite bus tech to Alpha Design to boost private sector
ISRO on Saturday said it has transferred the IMS-1 Satellite Bus Technology to Alpha Design Technologies Pvt. Ltd in a step towards enhancing private industry participation in the country’s space sector. NewSpace India Limited (NSIL), the commercial arm of ISRO, facilitated the technology transfer through an agreement signed during an event held at… Continue reading ISRO transfers satellite bus tech to Alpha Design to boost private sector
Jharkhand assembly passes bill to boost state’s healthcare sector
The Jharkhand Health Science University Bill, 2023 was passed by the Assembly on Friday. Speaking to ANI, State Health Minister Banna Gupta said the Bill will prove to be a milestone for the state’s healthcare sector. “This Bill was needed because we want all-round development of the state. I believe that this… Continue reading Jharkhand assembly passes bill to boost state’s healthcare sector
India, UK launch health care alliance in a bid boost bilateral ties
United Kingdom’s top National Health Service (NHS) delegation visited India on Friday to launch the India-UK healthcare alliance. The initiative is aimed at promoting excellence in the healthcare sector, providing a platform for healthcare institutions in two countries and creating synergetic partnerships aimed at improving health outcomes. A high-powered delegation from the UK’s… Continue reading India, UK launch health care alliance in a bid boost bilateral ties
NZ to boost defence capabilities amid increasing tensions in Pacific
New Zealand said Friday it plans to boost its defence capabilities as tensions rise in the Pacific, due in part to a military buildup by China. Defence Minister Andrew Little said current defence spending amounted to about 1 per cent of the nation’s economy, a proportion he expected would need to increase, although… Continue reading NZ to boost defence capabilities amid increasing tensions in Pacific
Arabia extends cut of 1 mn barrel of oil a day through Sept, to boost price
Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices. The Saudi cut of 1 million barrels per day, which began in July, comes as the other OPEC+ producers have agreed… Continue reading Arabia extends cut of 1 mn barrel of oil a day through Sept, to boost price