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<ul><li>The last date for updating your <keyword id="20195587" type="General" weightage="100" keywordseo="FASTag-KYC" source="Orion">FASTag KYC</keyword> is Wednesday, January 31.</li><li>The <keyword id="3005928" type="General" weightage="20" keywordseo="FASTag" source="Orion">FASTag</keyword> of users who do not update their KYC may be deactivated or blacklisted.</li><li>Here is the process you need to follow to update your FASTag KYC, including documents required.</li></ul> FASTag has made it easier to make toll payments and pay for parking at several places such as airports. However, if you have been using a FASTag with your vehicle, you may need to update your Know Your Customer (KYC) information. The National Highway Authority of India (NHAI) had announced a deadline of January 31 to update KYC details for FASTag users. As per NHAI, the FASTag of users who do not update their KYC may be deactivated or blacklisted by banks. "NHAI has taken this initiative after the recent reports of multiple FASTags being issued for a particular vehicle and FASTags being issued without KYC in violation of RBI’s mandate," said NHAI. <cmsannotation type="cmsannotation" annotationid="Documents required to update FASTag KYC" comment="subhead" text="Documents required to update FASTag KYC">Documents required to update FASTag KYC</cmsannotation> Here are the documents you need to update the KYC of your FASTag: <ul><li>Vehicle registration certificate</li><li>ID proof</li><li>Address proof</li><li>Passport-size photograph</li></ul><cmsannotation type="cmsannotation" annotationid="How to update your FASTag KYC" comment="subhead" text="How to update your FASTag KYC">How to update your FASTag KYC</cmsannotation> Once you have all the above documents in place, follow the below steps to update your KYC: <ul><li>Go to the FASTag website by clicking <a href="http://fastag.ihmcl.com">here</a>.</li><li>Now, click on the “Login” button on the top right corner.</li><li>Enter your mobile number and click on “Get OTP”.</li><li>Now, enter the OTP, type the captcha and then click on “Login”.</li><li>Then, click on “My Profile” in the Dashboard.</li><li>You can now check the KYC details of your FASTag and complete the process if your KYC is pending.</li></ul>If your KYC needs to be updated, you can do so easily by providing the above-mentioned documents. FASTag has become essential if you wish to travel on highways, and with the Nitin Gadkari-led Transport and Highways Ministry pushing for FASTag and mulling satellite-based tolling systems, it is important to keep a functional FASTag. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/webstories/realme-12-pro-plus-vs-redmi-note-13-pro-plus-price-specs-and-features-compared/slidelist/107266344.cms">Realme 12 Pro Plus vs Redmi Note 13 Pro Plus – battle of the new mid-range smartphones</a> <a href="https://www.businessinsider.in/stock-market/webstories/ril-has-the-20-lk-cr-milestone-in-sight-after-biggest-one-day-gain-in-over-3-years/slidelist/107251135.cms">RIL has the ₹20 lk cr milestone in sight after biggest one day gain in over 3 years</a> <a href="https://www.businessinsider.in/business/auto/news/porsche-macan-ev-arrives-in-india-to-take-on-mercedes-and-audi/slidelist/107261991.cms">Luxury EV new entrant – After Mercedes and Audi, India has the Porsche Macan</a>

FASTag KYC last day – How to update, documents required and more

<ul><li><keyword id="790242" type="General" weightage="20" keywordseo="whatsapp" source="Orion">WhatsApp</keyword> may soon require users to provide their identity proof.</li><li>This change will only affect users who wish to make payments using the app.</li><li>Apps like PhonePe and Google Pay do not ask users to verify their identities.</li></ul>WhatsApp is one of the most popular messaging apps in India and in addition to chats and calls, the Facebook-owned company has also been working on WhatsApp Pay, its payments offering for some time now. WhatsApp received the<a href="https://www.businessinsider.in/finance/news/whatsapp-pay-upi-services-gets-the-green-signal-from-npci-but-rollout-will-be-in-a-graded-manner/articleshow/79068908.cms"> nod</a> from the National Payments Corporation of India (NPCI) last year and has been rolling payments in a phased manner. Earlier this year, the company started testing a <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-adds-a-payment-shortcut-so-you-can-send-money-faster-than-ever-before/articleshow/85589253.cms">payment shortcut</a> for the app, allowing users to make payments right from the chatbox. It seems like WhatsApp is making its first major change to WhatsApp Pay. As per an <a href="https://www.xda-developers.com/whatsapp-verify-identity-make-payments/">APK teardown</a> done by XDA Developers, WhatsApp may soon ask users to verify their identity if they wish to continue using payments. The WhatsApp v2.21.22.6 beta version includes new strings that hint towards a new verification system. The following strings are – "Your identity couldn't be verified. Try uploading the documents again,” and "Verify your identity to continue using payments on WhatsApp.” WhatsApp Pay is currently available in India and Brazil. While WhatsApp currently authenticates payments using mobile numbers in India, users in Brazil are required to authenticate their debit and credit cards using Facebook Pay. While other Unified Payments Interface (UPI) apps like PhonePe and Google Pay do not require users to verify their identity, payment apps like Paytm and MobiKwik require users to complete know your customer (KYC) verification. This could either mean that WhatsApp is finally moving to add more features such as a wallet or this feature is aimed at businesses that wish to receive payments on WhatsApp. WhatsApp has not made an official announcement about the new change. We should know more about this in the coming days. Update: Here's an official statement from a WhatsApp India spokesperson “In India, Payments on WhatsApp does not require any verification documents. Payments on WhatsApp, is approved by National Payments Corporation of India and powered by BHIM UPI that enables transactions with legitimate banking partners. Like other UPI payment applications, a user needs to ensure that the mobile number is the same as the one linked to their bank account, to start sending and receiving money, through payments on WhatsApp.” SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-adds-a-payment-shortcut-so-you-can-send-money-faster-than-ever-before/articleshow/85589253.cms">WhatsApp adds a payment shortcut so you can send money faster than ever before</a> <a href="https://www.businessinsider.in/tech/news/whatsapp-could-soon-offer-cashback-for-payments-in-india/articleshow/86450568.cms">WhatsApp testing cashback in a bid to push payments in India</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-app-wont-work-on-some-iphones-and-android-phones-from-november-1/articleshow/87252123.cms">WhatsApp won’t work on these phones from November 1: Check the full list</a>

WhatsApp users may soon have to verify their identity to make payments

New Delhi, Feb 12 () To further enhance electronic toll collection, the National Highways Authority of India has decided to waive FASTag fee till February 29, the government said on Wednesday. The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country. "In order to further increase digital collection of user fee via FASTag at NH fee plazas, the National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs 100 for NHAI FASTag between February 15 and 29, 2020," the Ministry of Road Transport and Highways said in a statement . Road users can visit any authorised point-of-sale location with a valid registration certificate (RC) of the vehicle and get an NHAI FASTag free of cost, it said. NHAI FASTags can be purchased from all national highway fee plazas, regional transport offices, common service centres, transport hubs, and petrol pumps, among others, it added. "To search for the nearest NHAI FASTag point-of-sale locations, one may download MyFASTag App, or visit www.ihmcl.com or Call 1033 NH helpline number," the statement said. The applicable security deposit and minimum balance amount for FASTag wallet shall, however, remain unchanged. NHAI had earlier announced for free NHAI FASTag from November 22 to December 15 last year. Last month, Road Transport and Highways Minister Nitin Gadkari said after the FASTag system on national highways for electronic toll collection, the revenue per day has swelled to Rs 87 crore, from Rs 68 crore. Once the system is fully implemented, NHAI expects Rs 100 crore toll income per day. NAM HRS

FASTag to be available free of charge for 15 days

(Eds: Upgrading) New Delhi, Feb 12 () To further enhance electronic toll collection, the National Highways Authority of India has decided to waive FASTag fee till February 29, the government said on Wednesday. The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country. "In order to further increase digital collection of user fee via FASTag at NH fee plazas, the National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs 100 for NHAI FASTag between February 15 and 29, 2020," the Ministry of Road Transport and Highways said in a statement. Road users can visit any authorised point-of-sale location with a valid registration certificate (RC) of the vehicle and get an NHAI FASTag free of cost, it said. NHAI FASTags can be purchased from all national highway fee plazas, regional transport offices, common service centres, transport hubs, and petrol pumps, among others, it added. "To search for the nearest NHAI FASTag point-of-sale locations, one may download MyFASTag App, or visit www.ihmcl.com or Call 1033 NH helpline number," the statement said. The applicable security deposit and minimum balance amount for FASTag wallet shall, however, remain unchanged. NHAI had earlier announced for free NHAI FASTag from November 22 to December 15 last year. Last month, Road Transport and Highways Minister Nitin Gadkari said after the FASTag system on national highways for electronic toll collection, the revenue per day has swelled to Rs 87 crore, from Rs 68 crore. Once the system is fully implemented, NHAI expects Rs 100 crore toll income per day. NAM HRS

<ul><li>The <keyword id="1985091" type="PERSON" weightage="20" keywordseo="dogecoin">Dogecoin</keyword> team has warned against promises of crypto giveaways or schemes that promise multiplication of wealth.</li><li>Many users fell for the trick as rumours suggested <keyword id="6355315" type="COMPANY" weightage="20" keywordseo="elon-musk">Elon Musk</keyword> could promote the <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> in a big way.</li><li>It’s suggested that users don’t fall for these claims and transact only with people they know.</li></ul>Dogecoin had a very turbulent ride in the last few days as Tesla’s founder Elon Musk went live on American television show Saturday Night Live. The reaction to his “hustle” garnered a mixed response, something which was easily visible on the <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">cryptocurrency’s</a> charts. While enthusiasts were glued to the screen, trying to make sense of the chaos, many with sinister intentions had wreaked havoc on social media sites. <a href="https://twitter.com/dogecoin/status/1391346601029996546?s=20" data-type="tilCustomLink">The Dogecoin team has warned </a>against promises of crypto giveaways or schemes that promise multiplication of wealth. These are essentially scams that are trying to take advantage of users amid a volatile period. Social media platforms like Twitter, YouTube, and Facebook are the most vulnerable platforms since it’s easier to use bots and create a short-lived hype. Illegitimate accounts constantly flood the forums with claims of a scheme that it will multiply one’s Dogecoin holdings. The unsuspecting user is then asked to send some money to an anonymous address and they expect a multiplied sum to be returned soon. While this may sound too naive, many users fell for the trick as rumours suggested Elon Musk could promote the <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" data-type="tilCustomLink">cryptocurrency</a> in a big way. Nobody knew how he’d do it, allowing scam artists to play ‘Elon Musk’ and get richer. <div type="image" title="Bitcoin Scam Cryptocurrency" msid="82550058" hostid="261"></div> More sophisticated methods were also deployed by criminals to capture the attention of users on YouTube. During the Saturday Night Live broadcast, live videos that unofficially streamed the show were targeted with ads saying, “Elon Musk has devoted 500,000,000 Doge to be distributed to all Doge holders. Anybody can get some, just visit the website.” When the user completed the transfer, the Dogecoins were credited into the scammer’s wallet. Once the transfer is done, there’s no way money can be recovered without law enforcement or direct access to the ledger. This is actually a feature that offers privacy but takes away the ability to investigate. TRM Labs, a blockchain intelligence provider, stated that the affiliated wallets received almost 10 million Dogecoins. Many of these coins have been purposely transferred by the scammer itself to show that a large volume isn’t suspicious for the account. It’s suggested that users don’t fall for these claims and transact only with people they know. These “get rich, quick” schemes should always raise a red alarm. The modus operandi isn’t exclusive to just Dogecoin and is used for <keyword id="6354947" type="LOCATION" weightage="20" keywordseo="bitcoin">Bitcoin</keyword>, Ethereum, and more. Last week, Realme India’s Twitter account was compromised and its name was changed to “Tesla”. It pretended to be an official account and asked users to transfer <keyword id="6395759" type="PERSON" weightage="20" keywordseo="bitcoins">Bitcoins</keyword> to an obscure address. It was a high-level scam that was quickly brought under control by the brand. SEE ALSO: <a href="https://www.businessinsider.in/business/news/this-ev-startup-mobycy-went-from-solving-last-mile-commute-to-delivery/articleshow/82513392.cms">It took one pivot and five years for this EV startup founder to hit the sweet spot for business in India</a> <a href="https://www.businessinsider.in/tech/apps/news/clubhouse-android-download-release-date-beta-version/articleshow/82515109.cms">Clubhouse for Android finally launched as downloads and hype take a plunge</a> <a href="https://www.businessinsider.in/finance/banks/news/bandhan-bank-share-price-falls-after-reporting-an-80-fall-in-its-net-profit/articleshow/82516642.cms">Bandhan Bank falls 4% after reporting an 80% fall in its net profit – positive market trends help it bounce back into the green</a>

Amid Dogecoin rally, users need to be careful not to fall prey to cryptocurrency giveaway scams

New Delhi, Jan 15 () To facilitate smooth flow of traffic FASTag norms for 65 toll plazas with high cash transactions have been relaxed to allow them to convert up to 25 per cent of "FASTag lane of Fee Plaza" into hybrid lanes for 30 days, the government said on Wednesday.
The move, a road ministry statement said, is temporary for 30 days and has been done on the request of National Highways Authority of India (NHAI) so that the citizens are not put to any inconvenience.
The government has rolled out FASTag-based electronic toll collection mechanism from December 15 across all toll plazas of the NHAI and has mandated the use of FASTags across at least 75 per cent lanes of toll plazas and has restricted use of cash mode of payment to a maximum of 25 per cent lanes of toll plazas.
These 65 plazas are located Pan-India including Uttar Pradesh, Gujarat, Rajasthan, Punjab, Chandigarh and Andhra Pradesh.
"Depending on the traffic pile up at these 65 fee plazas, not more than 25 per cent 'FASTag lane of Fee Plaza' may be temporarily converted to hybrid lanes. This is to be considered and decided on a case to case basis not below the level of the RO concerned," the Road Transport and Highways Ministry has said in a letter to NHAI Chairman SS Sandhu.
It should be ensured that the least possible number of the declared 'FASTag lane of Fee Plaza' be converted into the hybrid lanes temporarily and further that at-least 75 per cent lanes of these 65 fee plaza remain declared and operational as 'FASTaglane of Fee Plaza' in order to incentivise the vehicles carrying FASTag, the letter said.
"It is clarified that it is a temporary measure to be adopted for 30 days only for such 65 fee plazas to facilitate smooth flow of traffic so that no inconvenience is caused to the citizens. NHAI shall take necessary measures within this time to ensure smooth flow of traffic through the fee plazas and ensure declaring 'FASTaglane of FeePlaza' for all the lanes within this period," it said.
Post FASTag, the NHAI last week recorded the highest Rs 86.2 crore toll collection in a day.
The highest daily toll collection via electronic system of FASTags has also been recorded at Rs 50 crore (single day collection) in January 2020 as compared to Rs 23 crore in November 2019.
The daily transactions via FASTags have also risen to around 30 lakh per day in January 2020 from 8 lakh in July 2019.
As per NHAI Chairman, Jodhpur toll plaza in Jaipur region has outperformed others in implementation of FASTags with around 91 per cent of toll collection taking place via FASTags.
Toll plazas in Bhopal and Gandhinagar have also performed well in FASTag implementation.
As of December 2019, over 1 crore FASTags have been issued with over 30 lakh FASTags given in November and December, following daily sales of 1.5-2 lakh FASTags.
FASTags-based toll collection system has been rolled out across over 527 national highways. NAM BAL

FASTag: Govt relaxes norms for 65 high cash transaction toll plazas for 30 days

Earlier we noted that <a href="http://www.businessinsider.com/bitcoins-surged-40-in-48-hours-2013-3">Bitcoins are up nearly 40 percent</a> since Monday.
The chart below shows the surge.
<div class="image-container click-to-enlarge" style="width:620px"><div class="image"><a title_source="bitcoincharts.com" title_caption="" class="zoomin" href="http://static2.businessinsider.com/image/513764beecad04992500000b-960/screen%20shot%202013-03-06%20at%2010.41.47%20am.png"></a></div><a href="http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgCzm1g10zm2g25">bitcoincharts.com</a></div>
We reached out to ConvergEx Group Chief Market Strategist Nick Colas, who wrote about the <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="Bitcoin">Bitcoin</keyword> market recently in a note to clients, for his thoughts on why the virtual currency has gone so wild this week.
Colas says it looks like Bitcoins may finally be about to go mainstream:
My thought was that [the move this week] was a result of the CoinLab announcement of becoming Mt Gox’s partner in the US and Canada. Along with that comes the involvement of Silicon Valley Bank.
That’s a big thing potentially, because now we’re talking about a real US bank with all the AML and KYC regulations that will make Bitcoin much more relevant for legitimate transactions.
(AML refers to anti-money laundering and KYC refers to "know-your-customer.")
"That, combined with the currency’s limited growth (by design)," Colas tells us, "is the recipe for this kind of ramp."
The Mt. Gox-CoinLab partnership was announced Thursday and the <a href="https://mtgox.com/press_release_20130228.html">full press release</a> is included below.
----------------------------------
Mt. Gox &amp; Coinlab Announce Strategic Partnership to Bolster American Presence, Celebrate $1/2 Billion per Year in Annualized Trades
TOKYO, JAPAN - February 28, 2013 Dear customers, Mt. Gox, the owner of the world’s dominant Bitcoin exchange, announced today that they have selected CoinLab as their exclusive partner in the United States and Canada. As of March 29, all US and Canadian customers currently transacting with Mt.Gox will transact through CoinLab, Inc. "This move will bring local product delivery, liquidity and customer service to a huge group of Bitcoin fanatics," said CEO of CoinLab, Peter Vessenes. "We're excited by, and awed at the responsibility we have caring for our over 100,000 new customers and over a half-billion dollars in annualized trade volume." Mt.Gox will continue to provide back-end exchange clearing services, and transition over handling of customer accounts, deposits, withdrawals, and other functions to CoinLab's US-based team. "This should be a huge win for everyone -- faster deposit and withdrawal times, easier-to-reach customer service, and better access for United States financial markets, market makers and liquidity providers" said Mark Karpeles, Managing Director of Mt.Gox. CoinLabs plans for the customer base? "Service, Service, Service. Oh, and also, Liquidity, Liquidity, Liquidity," said Vessenes. "Also, we're planning on launching some pro trading tools; we have some samples up for comment and review ahead of launch at http://coinlab.com/liquidity." Mt. Gox is the world's largest Bitcoin exchange, providing at least 80% of global bitcoin trading volume. It resides in Shibuya, Tokyo, Japan. CoinLab is the world's first US Venture-backed Bitcoin Company; it was funded in April 2012 by a group of progressive investors, including Tim Draper, Roger Ver, and Geoff Entress.
Regards Mt.Gox Co. Ltd Team.
Mt.Gox Contact press@mtgox.com Coinlab Contact Peter J. Vessenes, 855-LAB-COIN, peter@coinlab.com

ANALYST: Bitcoin Took A Key Step Towards Going Mainstream, And That's Why It's Been Going Crazy The Last Two Days

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Level39/LootBankLoot Bank's founding team. Ollie Purdue is pictured center.</div></div></div>Ollie Purdue finished university only last year, but he's about to launch a student money management startup that's raised £200,000 ($316,000) on the strength of little more than an idea.Loot Bank is a smart money management app for students, linked to a pre-paid card. It's launching in two weeks to coincide with the start of the new university year."The way it works is when you open it up it already tells you how much you can spend," explains Purdue, who turned 22 last week. "It's based on total balance, outgoings, and projected spending."This is the thing with students, every three months they'll get £1,000 ($1,580), or £1,500 ($2,370), so the total balance is less important because if I open up the app it could say I've got £2,000 ($3,160) but I don't know if that's £10 ($15) a day or if I've got loads of money. For instance, I went out and bought a TV when I got my student loan and got sky-diving lessons. Actually I only had about £20 ($31) a day."Purdue says half of all students download a money management app at uni, equivalent to one million students. He had the idea for the business while studying law at the University of the West of England and struggling with money management apps that were available.After graduating last year, he took the idea to a "pre-accelerator," called Fast Forward, in London that helped Purdue develop the idea."We met some really great guys there who helped us with the financing we need, the business plan, the contacts - I was straight out of uni and didn't know anyone."They set up meetings and kind of leapfrogged us to the place where October last year we were in a good position as a business. It took from June to October to get that right. In that time, I met a lot of bankers to see what they think."Purdue built a prototype of the app with only three working buttons and took it to potential investors, one of whom was Nick Wheeler, the founder of shirtmaker Charles Tyrwhitt."I showed him the app," Purdue remembers. "He actually took it off my hands at one point and he pressed the right button luckily."Loot Bank ended up raising £200,000 from Wheeler and 7 city bankers.Loot's pre-paid card will launch in partnerships with LSE, UEA, and Bath initially, as well as smaller marketing drives in universities like Buckinghamshire. Loot is targeting international students and is hoping to sign up 1,000 this year.Purdue explains the difficulty international students face banking in the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword>, saying: "You can't open [a bank account] before you get here and even when you land it can take weeks or months.""We can sign a user up on our card on our KYC [known your customer, an anti-fraud and money laundering proceedure] process, but impose a limit of £2,000 ($3,160), so they can still use their card on the day they get it even if we don't know things like their address."We can onboard a customer in two minutes. We just need date of birth, name, email address - really basic. Then we can do stuff like scan their passport and post them a letter to verify their address later."It's this ability to quickly sign up new customers, while also maintaining anti-fraud and money laundering protection, that has got big banks interested. Royal Bank of Scotland is one of three big banks in talks with Loot to launch a Loot-branded current account next year.Purdue says: "Bigger banks, slower banks, they don't make any money out of students and they don't want to make a competing brand against us. It's much cheaper for a bank to try and work with us than compete with us."Loot plans to make money by charging transaction fees on its pre-paid cards - such as 75p to withdraw cash - and through targeted offers within the app."We know where they're spending their money, how much they're spending," he say. "We would never give your details to a brand, but we can say we'll put your offer there and then track if it's used, and if they go back and spend money. It's kind of like an anonymous marketing tool.""We're talking to five [brands] and we should have one by the time we launch. They're all majors in different categories. One's for clothing, one's for groceries, one's a coffee shop - it should be good."Loot Bank also plans to raise a series A round of funding next year - but first Purdue needs to get the first term launch out of the way. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/uber-helicopters-nyc-airports-low-price-gotham-air-2015-6">The 'Uber of helicopters' can get you from Manhattan to JFK for much less than you think </a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="tuMGh4dTrxXrtV4qUhqZEiSDVwRtqa4G" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "FASTag KYC last day" and got 8 results

FASTag KYC last day – How to update, documents required and more

Sourabh Jain

WhatsApp users may soon have to verify their identity to make payments

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FASTag to be available free of charge for 15 days

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FASTag to be available free of charge for 15 days

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Amid Dogecoin rally, users need to be careful not to fall prey to cryptocurrency giveaway scams

Shivam Vahia

FASTag: Govt relaxes norms for 65 high cash transaction toll plazas for 30 days

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ANALYST: Bitcoin Took A Key Step Towards Going Mainstream, And That's Why It's Been Going Crazy The Last Two Days

Matthew Boesler

This guy just turned 22 last week - but he's about to launch a startup RBS wants to partner with

Oscar Williams-Grut

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