Reliance Industries Limited (RIL) has started informal discussions with banks over the possible initial public offering (IPO) of its subsidiary, Reliance Jio Infocomm Limited, according to Bloomberg.
Category: technology
POWERGRID Convenes 36th Annual General Meeting
As of September 24, 2025, Ethereum (ETH) is trading around $4,182, up a small 0.23% from yesterday. ETH is a crypto giant and has survived different waves of the cryptocurrency market. Still, this ETH’s token, LILPEPE, is displaying a path to $3 by 2026, which overshadows ETH and SOL’s slow bullish outlook, as top investors have been drifting to LILPEPE, seeing it as the next Ethereum.
The valuation reflects high expectations for the future of AI technology and continues OpenAIs remarkable trajectory from its start as a nonprofit research lab in 2015.
The post Stablecoins to hit $1. 9T as trust surpasses fees in exchanges appeared com. Homepage > News > Finance > Stablecoins to hit $1. 9T as trust surpasses fees in exchanges A Citi (NASDAQ: C) report has predicted that the stablecoin market will achieve a $1. 9 trillion valuation by the end of the decade in its base case scenario, while leaving room for an additional growth spurt. Citi analysts disclosed that stablecoins are the ChatGPT moment for the institutional adoption of blockchain. Akin to the rise of artificial intelligence (AI) chatbots, the report tips stablecoins to record a high growth in valuation in the coming years. While Citi analysts have forecasted a $1. 9 trillion base case for the asset class, the report predicted that stablecoins can climb to $4 trillion by the end of 2030 in its bull case scenario. The global stablecoin market capitalization sits at $307 billion, rising from $200 billion at the start of 2025. Citi is pinning its prediction on the 58% growth notched by stablecoins in 2025 alone, with analysts forecasting that the trend will continue until the end of the decade. Apart from a strong 2025, Citi analysts have highlighted a streak of stablecoin project announcements in the ecosystem. Early in the year, Trump-backed World Liberty Financial (WLF) threw its hat into the stablecoin race with the launch of USD1, with a raft of U. S.-based financial institutions planning their stablecoin rollouts. Citi noted that the flurry of announcements stemmed from fresh regulatory support in the U. S., which was highlighted by the signing of the GENIUS Act by U. S. President Donald Trump. While use cases have surged from domestic and cross-border payments, Citi notes that the stablecoin boom will not completely overhaul the financial system. However, analysts refer to the innovation as continued progress toward smarter finance. We dont believe crypto will burn down the existing system, read the Citi.
On Monday, the artificial intelligence giant OpenAI introduced a feature that would allow users to make purchases through ChatGPT, in partnership with Etsy and Shopify. Travel experts say this will pave the way for a big change.
WASHINGTON, United States — Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine reported Wednesday. The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his clumsy stint
The Philippines is looking to host its first-ever Women’s Tennis Association (WTA) 125 tournament, with discussions underway for the event to be held early next year. The plan was raised in a meeting between Navotas Mayor and Philippine Tennis Association secretary-general John Rey Tiangco and Philippine Sports Commission chairman Patrick Gregorio on September 29. READ:
Basis Bays green commitment predates todays mega trend of sustainability Engineered to Tier-4 standards, the new Cyberjaya centre ensures no single point of failure Basis Bay is putting the finishing touches on a new eco-premium, Tier-4 infrastructure, world-class data centre in Cyberjaya, slated to go live in October. Speaking at the MDX Summit 2025 fireside on 17 September, Dinesh Manoharan, data centre project lead at Basis Bay, outlined three core value propositions: fault-tolerant resilience, designed-in sustainability, and the critical guarantee of data sovereignty in a single Malaysian-owned facility. Where uptime is the baseline, not a KPI While it is a given that every minute of downtime hurts, but for financial services, insurers, and government workloads sectors where Basis Bay has nearly two decades of experience it can be existential. This is why the new Cyberjaya data centre is engineered with no single point of failure, mirroring Tier-4 design principles where each critical system has a full redundant pair. It may be Tier-4, yet our data centers are built above and beyond the industry standards, said Dinesh, adding, Maximum uptime isnt a target its table stakes. He is quick to share a remarkable record, Since 1996 Basis Bay has not lost a single client due to a service-level breach (SLA) breach, a bar it intends to carry into its new generation of facilities. Green by design, not by afterthought Basis Bays green commitment predates todays mega trend of sustainability. Proof lies in the fact that in 2009 it built Asias first purpose-built green data centre in Cyberjaya. That site, and the experience of running it for almost two decades for demanding world class clients, led to what Dinesh calls an eco-premium approach, merging environmental considerations into form, fabric, and operations from day one. The new Cyberjaya DC2 extends Basis Bays green DNA under an eco-premium banner. Clarifying what this means, Dinesh says, When we say eco premium, it is the amount of effort and thought process that is put before even building. That shows up in EIA-led site planning, transplanting trees, sourcing local, lower-impact materials, and hydrology features. Dinesh is specific about cooling logic, saying We have a bathtub rooftop design that drops shadow on the roof, which enhances cooling, where every degree Celsius of cooling power that you save, it translates into energy saved, and energy saved is income saved. Not surprising that the design input for the new facility tapped the best consultants, local and global with 17 consultants involved. Key highlights include A unique bathtub rooftop that channels rain water to improve cooling efficiency. A BioSwell pond to support local ecosystems. Relocating trees and flora during construction to preserve local biodiversity. Sourcing eco-friendly building materials from local suppliers. Its about designing with the environment in mind, not just the data, he explained. In todays world, both matter equally. Selling white space not the game for Basis Bay Plenty of data centre providers sell white space. That is not Basis Bays game which focuses on pushing its service layer as the differentiator. A 24/7 `Smart Hands` team acts as an on-site extension of client operations, handling installs, swaps, and triage without waiting for off-site engineers. This is reinforced by preventive lifecycle management which aims to keep assets running past vendor end-of-life labels through checks and maintenance cycles. Sovereignty by design With global hyperscalers expanding across ASEAN, control over where data lives has re-entered board agendas. Dinesh stresses the point that, Basis Bay s facilities are Malaysian-owned and operated, offering enterprises and public sector clients a sovereign alternative with a single point of accountability across design, build, operations, and management. Everything is done by us in-house. Its value proposition is clear, We are offering world class compliance certainty, reduced supply-chain ambiguity, and data residency on home soil. In other words, one accountable Malaysian owner-operator for design, build, operations, and facilities management.
Evening Reading – October 1, 2025