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Most payment firms falling short on KYC; Cabinet approves Tata chip unit

Despite the regulator’s insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ IAMAI task force to take on Big Tech■ ETtech Done Deals■ SoftBank sells Paytm stake On KYC compliance front, payment aggregators may be second to some At a time when the central bank and the Union government are pushing regulated entities to adopt stringent KYC (know your customer) norms to check fraud, many large payment…

Tata chip unit gets Cabinet nod; Sridhar Ramaswamy named Snowflake CEO

Tata's proposed semiconductor chip fabrication unit in Gujarat’s Dholera is among three facilities that received Cabinet approval on Thursday. This and more in today’s ETtech Top 5.Also in this letter:■ SoftBank sells 2% stake in Paytm■ Opinion: RBI and the fintech fallacy■ Zepto launches membership programmeCabinet approves Tata Electronics’ semiconductor fabrication unit Tata Electronics’ proposal to set up a semiconductor chip fabrication unit in India received a nod from the Union…

AI opportunity: Intel sees AI opportunity for standalone programmable chip unit

Artificial intelligence offers a growing and potentially lucrative opportunity for Intel's freshly standalone programmable chip unit, its CEO Sandra Rivera said.Intel's programmable chip unit began operating as a standalone business at the beginning of the year, and on Thursday outlined its plans for the future and its official name: "Altera, an Intel company." Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIT DelhiIITD…

Cabinet greenlights Tata Group’s chip fab unit in Gujarat; first semicon plant in northeast approved, ET Auto

This will be the first investment in a semiconductor packaging plant worth nearly INR 21,000 crore by the Assam government. It will be built jointly by the state government and Tata Group.The Cabinet on Thursday approved Tata's semiconductor chip fabrication unit in Gujarat with an outlay of nearly INR 50,000 crore, said Union Minister Ashwini Vaishnaw. Tata Sons chairman N Chandrasekaran had last year said that the conglomerate will announce its semiconductor chip fab

Swisscom in Talks to Buy Vodafone's Italian Unit

Swisscom said it was in advanced talks to buy Vodafone’s business in Italy for $8.7 billion and merge it with its Fastweb subsidiary, potentially shaking up one of Europe’s largest telecoms markets.. Swisscom said it was in advanced talks to buy Vodafone’s business in Italy for $8.7 billion and merge it with its Fastweb subsidiary, potentially shaking up one of Europe’s largest telecoms markets.. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic…

Atos Delays Results as Unit Sale Talks End

Atos rescheduled the release of its 2023 results to allow time to complete an audit of an impairment charge and said talks to sell its Tech Foundations business fell through. Atos rescheduled the release of its 2023 results to allow time to complete an audit of an impairment charge and said talks to sell its Tech Foundations business fell through. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…

Jason Isbell and the 400 Unit Photos: Backstage at Radio City

Eat ‘Em and Smile Image Credit: Sacha Lecca for Rolling Stone Isbell caught fans’ attention late this year for a personal upgrade: he had his teeth fixed. “I had bone loss, severe infection and neuralgia, and without the repairs I wasn’t gonna be singing much longer,” he wrote on X. Eat ‘Em and Smile Image Credit: Sacha Lecca for Rolling Stone Isbell caught fans’ attention late this year for a personal upgrade: he had his teeth fixed. “I had bone loss, severe infection…

broadcom: Broadcom nears $3.8 billion sale of remote access unit to KKR

Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday.The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data…

paytm ED case: ED has not yet found forex breaches at Paytm unit, source says

An investigation into possible foreign exchange violations at Patym Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.Last week, India's Enforcement Directorate announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications, popularly known as Paytm.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

Assam to get INR 25,000 cr semiconductor packaging unit: Chandrasekhar, ET Auto

''We are marching towards a 'Viksit Bharat' and will be among the top three economies of the world soon and this will be possible by the youth of the country who must be involved and get themselves skilled'', Chandrasekhar said.Assam will soon get a INR 25,000-crore semiconductor packaging unit which will provide jobs to youth interested in this sector, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said here on Thursday. Speaking at the Digital