SIRC 26
Indian
India’s first smog tower inaugurated in Delhi
”This is the first such smog tower in the country. It’s a new technology. We have imported it from the US. The structure will suck polluted air from above and release clean air from below. It will purify 1,000 cubic metres of air per second,” Chief Minister Arvind Kejriwal told reporters.
Experts, however, feel smog towers may provide immediate relief from air pollution in a small area but they are a costly quick-fix measure with no scientific evidence to back their efficacy in the long term.
Governments should instead address root causes and promote renewable energy to tackle air pollution and reduce emissions, they said.
Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report
The biggest deal during the quarter was the USD 800 million fund raise by food delivery platform Swiggy, followed by ShareChat (USD 502 million), Byju’s (USD 340 million), PharmEasy (USD 323 million) and Meesho (USD 300 million), the report said.
“The Indian startup ecosystem that generated 53 unicorns till June 2021 has made great strides in the April-June quarter. From recording most funding deals to adding the most number of unicorns in a quarter, investors’ confidence in good-quality digital businesses has strengthened like never before,” PGA Labs Director, Competitive Intelligence Abhishek Maiti told PTI.
UAE allows Indian tourists with 14-day rider
Xiaomi to offer full spectrum of financial services, adds insurance vertical to its India platform
Xiaomi is adding insurance vertical to its platform as well as expanding the lending category with the addition of offerings like gold loans and credit line cards.
Xiaomi India Financial Services Head Ashish Khandelwal said Xiaomi has partnered with ICICI Lombard to curate a health insurance product.
Xiaomi also has a cyber insurance offering, and more than 25,000 customers have been covered so far.
”Going ahead, insur-tech is another proposition that we are working on in a curated manner in partnerships,” he added.
International
Annual natural Cat loss costs decline again in 2019
Real-time payments platforms have increased fraud losses for 4 out of 5 APAC Banks:Survey
“While the convenience of real-time payments is great news for customers, increasingly, banks have zero time to clear a transaction or payment. AI can’t slow down the clock, but it can help create systems that are radically quicker to recognize a transaction that smells likely to be fraudulent,” said Dan McConaghy, president of FICO in Asia Pacific.
“Banks will need to move beyond passwords and OTPs and add biometrics, device telemetry and customer behavior analytics to keep up with the changing payments landscape,” he said.
Hopeful all countries will come together on AI regulations: Sundar Pichai
Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets
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