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Xiaomi says it will increase its presence in India from 500 retail stores to 5,000 by the end of 2019

“The company announced in a press release Tuesday that it would increase its presence in India from 500 retail stores to 5,000 by 2020” writes Anthony Kwan for cnbc.com. Chinese tech giant Xiaomi is looking to cement its status as India’s leading smartphone provider by opening thousands of stores before the end of 2019. “Mi store is the ‘new retail’ model for rural India that gives flagship store experience to our rural customers,” Xiaomi said on Twitter, adding that the new stores would generate more than 15,000 jobs.”It’s been over…

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Crypto News 

SWIFT India Partners With Fintech Firm for Blockchain Pilot

“SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20” writes Ana Alexandre for cointelegraph.com. Per the announcement, the new program based on MonetaGo’s financial services network technology will be integrated through standardized SWIFT financial messages.SWIFT India is a joint venture established by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication) and a number of major Indian and international banks, including HDFC Bank and the Bank of…

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Crypto News 

India Could Finally Have a Regulatory Framework for Crypto By Year’s End

“The lack of clear regulations in India, as well as the aforementioned ban, has resulted in good crypto talent leaving the country” writes Nikita Blows for livebitcoinnews.com. According to Quartz India, next month could see the government present its draft cryptocurrency regulations.It seems as if the end may be near when it comes to determining regulations, or even some semblance of clarity, for cryptocurrencies in India. Source: livebitcoinnews.com Share This:

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Crypto News 

Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

“The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20” writes Ana Berman for cointelegraph.com. During the hearing, the Supreme Court set a two-week deadline for the Indian government to announce its official stance on crypto.The documents notes that it is “expected that the draft report will be placed before the IMC by next month.” Moreover, Garg’s panel has scheduled two meeting on crypto regulation in January…

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‘Popular sentiment in Pakistan remains sympathetic to Tehran’

“Two economic powerhouses that sit next to Pakistan, China and India, achieved their success in past few decades right before our eyes” reports tehrantimes.com. TEHRAN – Imran Khan led government in Pakistan has been in talks with the International Monetary Fund (IMF) to tide over an economic crisis.Nevertheless, in view of waiver given to eight countries including India and China, Pakistan should use diplomacy to find a working solution on IP. The project is of great economic significance to Pakistan. Source: tehrantimes.com Share This:

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Indian Prime Minister Narendra Modi sees Facebook as an inspiration for his vision

“Just four years ago, less than 15 percent of India’s 1.35 billion citizens had bank accounts” writes unknown author for cnbc.com. Today, the country has more than 1 billion bank accounts.Modi said the success of such platforms have set the bar for the speed and extent to which technology can change people’s lives. Source: cnbc.com Share This:

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News Oil 

Iran, India review trade co-op under sanctions

“The TICCIMA head announced that the chamber is studying under sanctions trade with regional countries, including India, as well as exports of Iranian goods to their markets” reports tehrantimes.com. He added that to benefit from the sanctions waivers, India can import 300,000 bpd of Iran’s oil within the next six months.Expressing content about using rial and rupee in trade transactions between the two countries, he added that Iran can enjoy exports of oil and non-oil products to India besides importing its requirements from India.According to him, India will pay half…

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WhatsApp Commits $1 Mn to Research Spread of Misinformation

“Platforms like Whatsapp, Facebook and Twitter have repeatedly run into trouble with the Center and state governments for being lax in curbing the spread of fake news” writes Bhumika Khatri for inc42.com. The research topics on the spread of misinformation in India include At the same time, WhatsApp has said that any users who have not backed up their stored data and chats on Google Drive will lose their chat histories.WhatsApp has over 200 Mn users in India but has been facing a lot of flak from the Center over…

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App struggling to control fake news in India, researchers say

“Hindu nationalism and the plummeting cost of mobile phone data services are driving the explosive growth of fake news in India, according to a study that suggests WhatsApp is struggling to limit the spread of online disinformation on its service” writes Jim Waterson for theguardian.com. A parallel BBC study in Kenya and Nigeria found that a natural distrust of the media meant people were more likely to question the original source of online information.The research by the BBC World Service sheds light on the conundrum surrounding online disinformation and fake…

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Netflix CEO Hastings says no plans for cheaper India offerings

“SINGAPORE (Reuters) – Netflix chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.”” writes Midwest Communications Inc for 95kqds.com. Hastings’ comments followed a Singapore event where the company introduced 17 new original productions for Asia, including nine for India.Because if it was, everyone would be on the lower price plan.” When asked directly if that meant the company had no plans for lower prices in India, he…

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