Centre to block IP addresses of cryptocurrency exchanges; Zerodha users lose Rs 10 crores in RIL rights issue

Mar 22, 2021

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Here goes the important pieces for today!

How a Harvard Dropout Joined the Global Billionaire’s Club!

“When Coupang raised the 1st $1Bin 2015, I remember that the entire US VC industry invested $1B in 1991, the year after I started. Starbucks did IPO in ‘91. We made $25M on $1.7M investment. 15x was a home run back then. VC is now is so so different!

Kudos to Masa Son for investing $1B in a single round. That was BEFORE the Vision Fund. No one was doing such rounds back then. Only he could do such a thing. Masa is Japanese but ethnic Korean and one of Bom Kim’s heroes while growing up. He wanted to meet him.” [Read]

#IndiaTech

83% of Indians trust robots more than humans when it comes to managing their finances: Report. Business leaders eyes on AI, IoT and Blockchain to re-align their companies with more technological influence. (FE)

The Internet will be the new-age highway of the knowledge economy, says the Founder of i2e1 Satyam Darmora; he also quotes a World Bank study that says a 10% increase in internet penetration can lead to GDP growth by 1%. (FE)

Centre weighs to block IP addresses of cryptocurrency exchanges, Earlier; the Centre also intended to pass a bill to ban private cryptocurrencies and introduce India's own digital currency. (MC)

Aadhaar is no longer mandatory for digital life certificate, Sandes app, attendance system at public offices. Central Government plans to avail Sandes for the general public also. (MC)

#GlobalTech

Sony brings next-generation PS5 VR Controller which enables "sense of touch", With references, it has got from Facebook’s Oculus Quest controller; this version of the VR controller will additionally support finger touch detection. (FE)
Elon Musk says if a commercial company like Tesla engages in spying, it will get shut down everywhere; His comments came after Tesla’s cars have been banned from Chinese military and housing complexes because of concerns about data collected by vehicles' external cameras. (HT)
Twitter's Undo feature could be a subscription-involved paid service; similarly, Twitter is also planning to impose payments for its services starting with ‘Super Follows’ that will launch this year. (HT)
Google's Live Transcribe releases in ChromeOS supporting five new languages. This feature allows a device to automatically generate captions for any videos, music and live calls. (HT)
Donald Trump to re-enter social media space with his platform; Trump's spokesperson from the 2020 campaign said that he would re-enter the social media space with a new platform of his own that would "completely redefine the game. (HT)

#BusinessNews

Centre decides to seek full network data from both the public and private Telecom network vendors; this will be mandatory for all the Telcos to procure equipment from only trusted sources effective June 1. (FE)
Zerodha users lose Rs 10 crores in the RIL rights issue since May 2020 in expired Rights Entitlements; Rights Entitlements are credited in the Demat accounts of eligible shareholders. (FE)
India's value on digital lending value likely to cross the $350-billion mark by FY23; Centre blocks 27 fraudulent lending apps offering instant credit online. (FE)

#COVID19

Over 30,000 new Covid cases registered in Maharashtra, Pune reports over 5,000 for the third consecutive day, the total number of Covid cases in Mumbai is 3.62 lakh now of which 23,448 are active. (IE)
Rajasthan government imposed a night curfew in eight cities between 11 pm to 5 am; the eight cities where night curfew will be imposed are Ajmer, Bhilwara, Jaipur, Jodhpur, Kota, Udaipur, Sagwara and Kushalgarh. (IE)

#WeekendGyan

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