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Detailed stories on technology startups, business and economic current affairs.
The architect of Aadhaar and UPI is working on a blockchain platform for the RBI’s proposed digital currency.

The Indian Software Product Industry Roundtable, or iSPIRT, has ambitious plans for the Reserve Bank of India’s digital currency project. The technology think tank wants to build a blockchain platform for the central bank’s digital currency.
The platform that the Bengaluru-based organization is working on is called Bharat Distributed Ledger—or BADAL—and it is likely to present the plan to the RBI. The idea is to build a ready-to-use blockchain infrastructure that can be integrated with India Stack.
Since its inception in 2013, iSPIRT has played an active role in building key digital platforms for the government. In 2016, it launched …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.