In Brief: RBI says no prohibition on banking service for crypto startups; Jio Platforms may see overseas IPO

In Brief: RBI says no prohibition on banking service for crypto startups; Jio Platforms may see overseas IPO
Photo Credit: Reuters
27 May, 2020

The Reserve Bank of India has clarified that there is no restriction on banks in providing accounts to cryptocurrency traders and crypto-startups, Inc42 reported. The response came in due to a right to information (RTI) query by Unocoin cofounder BV Harish. In March, the Supreme Court of India quashed the RBI ban on virtual currencies such as Bitcoin.

Read: WazirX, Binance roll out initiative to aid blockchain-based startups

Jio Platforms may roll out IPO outside of India in 12-24 months

Mobile network operator company Jio Platform may roll out an initial public offering (IPO) outside of India in the next 2 years, the Economic Times reported. The company is in talks with the banks for early preparations for an overseas listing of its digital and wireless business. The company is yet to decide on the listing venue. Also, there is no final decision on timeline and size, the report said. 

UST Global inks deal with Gravity Supply Chain Solutions 

Aliso Viejo, California-based digital transformation solutions company UST Global has entered into a strategic partnership with supply chain technology provider Gravity Supply Chain Solutions, to develop an integrated end-to-end supply chain visibility digital platform for its clients, according to a statement.

Read: Muthoot Group partners with UST Global for digital transformation

Nutanix strengthens integration with ServiceNow 

Cloud computing firm Nutanix has announced expanded integration with digital workflow company ServiceNow. It has also integrated Nutanix Calm, the company’s application automation and management solution for DevOps. These features will help customers to simplify and automate infrastructure, application, and cloud management. San Jose, California-based company aims to simplify automation and make it more accessible to information technology (IT) professionals at all levels.

Read: Nutanix cuts implementation time of remote working solution

Sirish Bajpai joins Pitstop as CTO

Car service provider Pitstop has appointed former CapitalOne executive Sirish Bajpai as its chief technology officer, according to a statement. He is an Indian Institute of Technology (IIT) Kanpur graduate. Prior to Pitstop, Bajpai has worked with companies like CapitalOne, Hughes, Alcatel, Tellabs, and HealthWizz. Pitstop, established in 2015, is an independent doorstep car service and repairs provider.