The Telangana Government has released its draft Blockchain policy and stated that it is likely to be finalised and implemented in a month. The finalisation would make the State the first in the country to have its own Blockchain policy. The policy aims to catapult Hyderabad to one of the top 10 ‘Blockchain Cities’ of…
Tag: logistics
Alibaba Considering Blockchain Use in Complex Supply Chain
Chinese ecommerce conglomerate, Alibaba Group, is planning to use blockchain tech in its supply chain, the company’s top executive told a Chinese daily. According to Alibaba Liu Song, vice president of Chinese e-commerce giant Alibaba Group, has said in an interview that the company is considering blockchain tech implementation for cross-border supply chains. Song’s remarks…
How Amazon Rattles Other Companies
Amazon’s ambitions have few limits, and the mere specter of its entry into a particular industry can shape markets. When the company has appeared interested in expanding into a new business, it has spooked investors in potential competitors, leading to large sell-offs. The most recent example: Amazon, along with JPMorgan Chase and Berkshire Hathaway, announced…
PremjiInvest becomes the top investment company in India
When HDFC raised Rs 11,000 crore on Saturday, the list of marquee investors included one domestic fund: PremjiInvest, which invested Rs 1,000 crore in India’s largest mortgage lender. The other investors in HDFC were all established global heavyweight asset managers: Singapore’s GIC, which manages $359 billion globally, alternative asset firm KKR with a $153-billion corpus,…
World’s biggest petroleum refinery complex opens in Jamnagar
Reliance Industries Ltd’s new refinery in western Gujarat state began processing crude this week, nearly doubling company output and creating the world’s biggest refining complex just as global demand retreats. After reaching full capacity of 580,000 barrels per day (bpd), the $6 billion project, one of the most sophisticated in the world, will make the…
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