logo
Himachal Pradesh 1st state to launch Aadhaar-based face authentication for PDS

Himachal Pradesh 1st state to launch Aadhaar-based face authentication for PDS

Time of India11 hours ago
Shimla: Himachal Pradesh has become the first state in the country to introduce Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the public distribution system (PDS).
Tired of too many ads? go ad free now
Gokul Butail, principal advisor (innovation, digital technologies and governance) to the chief minister, informed that till now authentication was carried out using either one-time password (OTP) or biometric method. However, frequent challenges such as short message service (SMS) delivery failures and biometric mismatches at the end of the Unique Identification Authority of India (UIDAI) were causing inconvenience to the beneficiaries, he said.
With the launch of the FaceAuth mechanism, the process has now been streamlined and made more accessible, said Butail.
Unlike traditional methods, this new facility uses a mobile camera via an app installed on the fair price shop (FPS) owner's smartphone, enabling direct facial authentication of the beneficiaries, he said.
Butail further said the new system had significantly improved the authentication success rate and reduced the time taken for verification, thereby ensuring faster and smoother ration distribution.
MSID:: 122267951 413 |
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list
Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list

Indian Express

time14 minutes ago

  • Indian Express

Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list

IPO Papers, Draft IPO Papers: A total of 12 companies, including smart energy meter manufacturer Allied Engineering Works, Hero Motors, e-commerce platform Meesho, and air freight forwarder Skyways Air Services, among others, filed draft papers with SEBI and BSE last week to raise funds through initial public offerings (IPOs). Earlier this month, investment bankers projected that Indian firms could collectively raise around $2.4 billion via IPOs in July, according to a Reuters report. Here's a look at the complete list of companies that submitted IPO documents last week. Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel, according to the draft red herring prospectus (DRHP) filed on Saturday. Speciality chemicals company Safex Chemicals (India) has filed preliminary papers with the capital markets regulator Sebi to seek approval to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 450 crore and an offer-for-sale of 35,734,818 shares by promoters, investors and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. Softbank-backed e-commerce firm Meesho has filed a draft paper with markets regulator Sebi through confidential route, sources aware of the development said. The resolution to launch an IPO was passed in the Extraordinary General Meeting on June 25. The company shared its plans to raise at least Rs 4,250 crore in the initial public offering. Automotive solutions provider Fourfront on Wednesday said it has filed preliminary papers with BSE's SME platform to mobilise funds through an initial share sale. The initial public offering is entirely a fresh issue of up to 65 lakh fresh equity shares with a face value of Rs 10 each with no offer-for-sale component. The shares of the Pune-based company will be listed on the BSE's SME platform, the company said in a statement. Industrial steam and gas supplier Steamhouse India has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise between Rs 500 crore and Rs 700 crore, industry sources familiar with the development said. In a public announcement on Wednesday, Surat-based Steamhouse India said it has submitted 'the pre-filed draft red herring prospectus with Sebi and the stock exchanges…in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges'. Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. Auto parts maker Hero Motors has filed draft papers with markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 800 crore and an offer-for-sale (OFS) of shares worth Rs 400 crore by promoters, according to the draft papers filed on Monday. As a part of the OFS, O P Munjal Holdings will be offloading shares to the tune of Rs 390 crore; and Bhagyoday Investments and Hero Cycles will divest shares valued Rs 5 crore each. Tenneco Clean Air India Ltd, part of the US-headquartered Tenneco Group, on Monday filed preliminary papers with capital markets regulator Sebi for a Rs 3,000-crore initial public offering (IPO). The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP). Gujarat-based German Green Steel and Power has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The initial public offering (IPO) is a combination of fresh issuance of equity shares worth up to Rs 450 crore and an offer for sale of up to 20 lakh shares by promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki, according to the Draft Red Herring Prospectus (DRHP). Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP). Gaja Alternative Asset Management Ltd, which operates under the brand Gaja Capital, has filed confidential draft papers with markets regulator Sebi for an initial public offering (IPO). In a public announcement on Monday, the company stated that it has submitted the pre-filed draft red herring prospectus (DRHP) with Sebi and the stock exchanges for the proposed listing of its equity shares on the main board. (With inputs from PTI)

Why Global Capability Centers are the enterprise backbone of 2030
Why Global Capability Centers are the enterprise backbone of 2030

Hans India

time28 minutes ago

  • Hans India

Why Global Capability Centers are the enterprise backbone of 2030

As digital transformation accelerates and enterprises rethink resilience, one strategic trend is rapidly redefining the global operations landscape: Global Capability Centers (GCCs). Originally conceived as offshore cost-saving hubs, GCCs have transformed into centers of innovation, analytics, and enterprise-wide capability building. Today, over 1,750 GCCs operate in India, employing 1.9 million professionals and generating more than $64.6 billion in annual revenue. By 2030, these numbers are projected to surge to 2,100–2,200 centers, 2.5–2.8 million employees, and $99-105 billion in revenue. India's technology-rich ecosystem and skilled STEM workforce continue to make it a magnet for GCCs worldwide. 'GCCs are uniquely positioned at the intersection of capability, cost, and control, making them critical assets for companies navigating digital disruption and global volatility,' Sudeep Krishna Co-Founder & President, Healthark Insights, told The Hans India. Sudeep has over 20 years of experience in strategy consulting, most recently serving as Managing Director and Strategy Practice Leader at Monitor Deloitte. He has led numerous global engagements across the bio-pharma and medtech sectors, including work with both J&J Medical and J&J Pharma in SEA, India, and the US. Why the Urgency Now? The need for GCCs has become more urgent than ever. The combination of supply chain disruptions, AI-enabled transformation, and the imperative to optimize cost with control is prompting global firms to look beyond traditional outsourcing. India's advantage lies not just in cost - it's in capability. With over 1.5 million engineering graduates annually, the country is fast becoming the world's preferred destination for digital, data, and deep-tech operations. A case in point: an Ohio-based rubber and tire company is setting up its GCC in Hyderabad, with plans to recruit 300 professionals for IT and R&D in 2025. Meanwhile, companies like Best Buy have achieved a 15 per cent reduction in stock holding costs through analytics-driven optimization executed from their Indian GCC. Walmart Global Tech India, which started as a support center, is now a driver of AI, cloud, and data innovation- underscoring the shift from cost centers to strategic assets. From support hubs to innovation engines A modern GCC does far more than transactional work. Enterprises are turning to GCCs for AI/ML, R&D, cloud engineering, product development, risk analytics, and even global employer branding. Lowe's India GCC, for example, has evolved into a core digital hub, leading global work streams in omnichannel retail tech, product engineering, and machine learning. Similarly, Goldman Sachs Services India supports end-to-end enterprise functions from cloud engineering and internal audit to AI-driven investment platforms. Core Functions of a modern GCC: •Technology & Engineering: DevOps, cybersecurity, cloud infrastructure •Finance & Risk: FP&A, compliance, real-time treasury integration •R&D: Product prototyping, quantum computing, 5G •HR: L&D, talent analytics, onboarding systems •Data & Analytics: Predictive modeling, AI dashboards, decision intelligence This value chain integration is making GCCs central to global enterprises' long-term strategy—not just as delivery arms, but as strategic innovation nodes. COCO vs. COPO: The Operating Model Debate GCCs primarily operate under two models: •Company Owned, Company Operated (COCO): Offers full ownership and strategic alignment. Microsoft IDC, established in 1998, is a COCO model that directly drives core development for Windows, Office, and Cloud under Microsoft's global leadership. •Company Owned, Partner Operated (COPO): Allows companies to retain control while outsourcing operations to local experts. Reveleer, a U.S.-based health tech firm, recently launched its Chennai GCC under this hybrid model—balancing IP security with operational agility. 'These operating models aren't just structural choices,' said Sudeep Krishna. 'They reflect how committed an enterprise is to embedding long-term capability, governance, and strategic alignment within its global footprint,' he added. Looking Ahead Global Capability Centers are no longer a tactical decision—they are a strategic imperative. As businesses grapple with talent gaps, AI integration, cost pressures, and geopolitical uncertainty, GCCs offer a future-proof model. Whether it's to build resilience, scale innovation, or enable data-driven decision-making, GCCs offer a rare trifecta: cost efficiency, capability enhancement, and enterprise control. And as India anchors its position as a global innovation partner, GCCs will only become more central to how the world's leading companies operate. (This article is a joint initiative of World Trade Center Shamshabad & Future City and Healthark Insights, as part of a knowledge series supporting Telangana's aspiration to become a $1 trillion economy)

Jane Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damage
Jane Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damage

Economic Times

timean hour ago

  • Economic Times

Jane Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damage

Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Tired of too many ads? Remove Ads Markets regulator Sebi's investigation into Jane Street may have unintended consequences for Dalal Street, as was evident on Friday when four capital market-related stocks collectively lost Rs 12,000 crore in market regulatory action has exposed the market's dependence on proprietary trading firms and their domestic partners. What began as targeted enforcement against alleged market manipulation by the US-based trading giant quickly spilled over, impacting the broader capital markets infrastructure, even affecting firms with no regulatory issues. Nuvama Wealth Management , Jane Street's local trading partner in India, suffered the steepest decline on Friday, falling 11.26%, despite not being implicated in any wrongdoing in Sebi's investigation. Shares of stock exchange BSE and Angel One dropped around 6% each, while CDSL fell over 2%. The combined erosion in market capitalisation was nearly Rs 12,000 regulatory action targeted Jane Street and its affiliates for manipulating prices in Bank Nifty index options and underlying stocks, resulting in an order to disgorge unlawful gains of Rs 4,844 the market's reaction to Nuvama highlights how regulatory action against one entity can impact its business partners—even when they face no direct allegations. The sharp fall in Nuvama's stock reflects investor concerns about potential revenue loss from the possible exit of a significant client, regardless of the firm's conduct."Prop trading firms like Jane Street account for nearly 50% of options trading volumes," noted Zerodha founder Nithin Kamath, highlighting the market's concentration risk. "If they pull back—which seems likely—retail activity (around 35%) could take a hit too. So this could be bad news for both exchanges and brokers."Also Read | Explained: What is Jane Street and how it made Rs 36,500 crore profit by gaming Dalal Street The scale of the market's dependence on proprietary trading firms becomes evident through the numbers. When a single entity controls half of the options volume, its potential exit creates significant uncertainty about future market liquidity and trading activity."Jane Street is one of the largest traders contributing to Indian markets," said Siddarth Bhamre, Head of Institutional Research at Asit C. Mehta . "When big players are banned for wrongdoing, others become cautious and reduce activity, leading to lower volumes. Traders may also face fewer counterparties, potentially causing a further drop in F&O volumes ahead."The concerns extend beyond immediate volume impacts. Ashish Nanda, President & Chief Digital Business Officer at Kotak Securities, outlined the broader implications: "HFTs will surely be feeling the heat. Many will be re-assessing their strategies. Will they slow down? The fact is that HFT firms provide a lot of liquidity in the markets. If there's a reduction in activity by HFTs, it will also impact retail volumes."The immediate market reaction suggests traders are already pricing in a potential decline in volumes across Indian capital markets. Analysts warn that the regulatory action could put pressure on the revenue of intermediaries heavily dependent on derivatives trading, with volumes likely to shrink in response to Sebi's measures against one of the segment's largest prop trading One founder Dinesh Thakkar offered a more optimistic view, arguing that India's market opportunity remains "structural, not cyclical—and certainly not dependent on any one firm." He pointed to the surge in retail participation in equity derivatives—from just 2% in 2018 to over 40% in 2025—as evidence of strong underlying market fundamentals."When one player exits, others step in—and often, very fast," Thakkar noted, referencing global trading giants like Citadel Securities, IMC Trading, Optiver, Jump Trading, and Millennium, which are already expanding into India, setting up local entities, hiring talent, and investing in this optimism, the immediate challenge is gauging the actual impact on trading volumes. Zerodha's Nithin Kamath acknowledged the uncertainty: "The next few days will be telling. F&O volumes might reveal just how reliant we are on these prop giants."The Jane Street episode underscores how regulatory action—while targeting specific misconduct—can have broader ripple effects across the derivatives ecosystem. The Rs 12,000 crore selloff on Friday reflects investor concerns over volume contraction and revenue pressure, particularly for intermediaries with direct exposure to the banned the market adjusts to this new reality, attention will turn to whether other international trading firms can fill the liquidity vacuum left by Jane Street's exit—and how domestic players recalibrate their models to sustain revenue in a changing regulatory Read | Make $1 billion loss in stock futures to earn $5 billion profit in options: Sebi exposes Jane Street's Baazigar strategy

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store