&w=3840&q=100)
Aadhaar authentication hits 2.29 bn-mark in June; face authentications rise
The Aadhaar-based authentication is being used to deliver welfare services and enable people to access services from various providers. This is one of the main reasons behind the constant growth in Aadhaar transactions over the years.
The face authentication feature, developed by UIDAI using artificial intelligence (AI) and machine learning, also saw a sharp rise. In June 2025, 158.7 million face authentication transactions took place, compared to 46.1 million in June 2024.
So far, nearly 1.75 billion face authentication transactions have been completed.
The AI-based face verification system works on both Android and iOS devices allowing users to confirm their identity with just a face scan, combining ease of use with strong security measures.
Over 100 organisations including government bodies, banks, oil companies, and telecom providers are currently using face authentication to deliver services and benefits more smoothly.
In June 2025, Aadhaar was also used for more than 394.7 million e-KYC transactions. This service is mainly used to improve customer onboarding in order to help businesses, especially in the financial sector.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Sebi bans Jane Street, says disgorge Rs 4.8k crore
US fund Jane St banned from D-St over 'mkt manipulation' MUMBAI: Markets regulator Sebi late on Thursday banned US-based foreign fund Jane Street from the Indian market for manipulating stocks and derivatives segments over several years to make huge illegal gains. Jane St, known for their quant-based trading strategies, has also been asked to disgorge nearly Rs 4,850 crore - illegal gains accrued to them by trading on the NSE between Jan 2023 and March 2025, a Sebi order said. This is the highest-ever disgorgement amount ordered by Sebi for any kind of illegal activity in the market. In an interim order, Sebi banned JSI Investments, JSI2 Investments, Jane Street Singapore and Jane Street Asia Trading, from trading in the Indian market until further notice. The markets regulator's investigation will continue. Multiple Strategies: So far, Sebi has identified two types of manipulative strategies. One was to buy heavily in Bank Nifty's 12 constituent stocks and futures in the morning session, then buying put options on the index, selling the stocks aggressively in the afternoon to pull down Bank Nifty that in turn pushed up index options prices to eventually make huge profits. The other strategy was to push for concentrated selling or buying in the last two hours of the expiry day to swing index levels and make investigation report noted that although Jane St incurred some losses in some parts of the trades, profits from the rest more than made up for the losses. Rs 36,502 cr profits: Sebi's interim investigation showed that between Jan 2023 and March 2025, Jane St had made a total profit of Rs 36,502 crore. During that period, on Jan 17, 2024, the trading firm had made a profit of Rs 735 crore, the highest single-day gain for the now-banned foreign fund. NSE caution letter: While Sebi was investigating Jane St's trading activities, on Feb 6, 2025, NSE had issued a caution letter to Jane Street Singapore and its related entity, asking them to refrain from taking large positions in the Indian market and to refrain from undertaking certain trading patterns. However, in disregard of NSE's caution letter, and the group's commitments to the exchange, "Jane St was observed to continue to run very large (trading) positions in index options", Sebi's report said there is a strong case that the period of investigation as well as exchanges on which Jane St had traded could be expanded to unearth the full scale of manipulation in the Indian market by the US-based global quant trading giant. "The interim order has only looked at 18 major days of prima facie Bank Nifty index manipulation on expiry day between Jan 2023 and March 2025), and three days of nifty index manipulation on expiry day during May 2025," sources said. "Investigations into other expiry days, other indices (including across exchanges), and other potential patterns besides the two highlighted in the order will need to continue." "There should not be any major market impact from this enforcement action," sources said. "In the long run, the growth in market confidence, and a free and fair market, should aid responsible investing and capital formation."
India Gazette
2 hours ago
- India Gazette
Zerodha founder Nithin Kamath lauds SEBI for
New Delhi [India], July 4 (ANI): Founder and CEO of stock brokerage firm Zerodha, Nithin Kamath, on Friday lauded SEBI for 'going after' Jane Street, a US-based investment firm that has been alleged of index manipulation. In the 105-page interim order, SEBI has imposed to recover one of the highest ever illegal gains made by the group of Rs 4,843.57 crore. The order targets four key entities under the Jane Street Group umbrella: JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd. 'You've got to hand it to SEBI for going after Jane Street. If the allegations are true, it's blatant market manipulation,' Kamath wrote on X. 'The shocking part? They kept at it even after receiving warnings from the exchanges. Maybe this is what happens when you're used to the lenient U.S. regulatory regime. Think about the structure of U.S. markets: dark pools, payment for order flow, and other loopholes that allow hedge funds to make billions off retail investors. None of these practices would be allowed in India, thanks to our regulators,' he added. SEBI in its order today noted that the US-based firm used a profit maximising scheme to manipulate the market and booked substantial profits in index options, while incurring smaller losses in the cash and futures segments. The case stems from media reports in April 2024, pointing to legal disputes involving Jane Street's proprietary strategies in Indian markets. SEBI further stated that Jane Street Group entities, despite caution letters from NSE in February 2025 and their own commitments to refrain from certain trading behaviours, continued to deploy the same high-risk and market-distorting strategies. Given the gravity of violations and ongoing disregard for regulatory warnings, SEBI concluded that urgent intervention was necessary to protect market integrity and investor interest. (ANI)
Indian Express
2 hours ago
- Indian Express
Terrorism humanity's enemy, must unite to deny it any shelter: PM Modi
Terming terrorism as the enemy of humanity, Prime Minister Narendra Modi Friday said the global community must stand united to deny it any shelter or space. Addressing the Parliament of Trinidad and Tobago, PM Modi said, 'Our two countries may differ in size and geography, but we are deeply aligned in our values. We are proud democracies. We believe in dialogue, sovereignty, multilateralism and human dignity. In these times of conflicts, we must remain true to these values.' 'Terrorism is the enemy of humanity. This very Red House has itself witnessed the wounds of terror and the loss of innocent blood. We must stand united to deny terrorism any shelter or space. We thank the people and the government of this country for standing with us in our fight against terrorism,' he said. PM Narendra Modi, who had arrived in the Caribbean nation Thursday, was received by Trinidad & Tobago PM Kamla Persad-Bissessar. 'People in India consider Prime Minister Kamla ji as the daughter of Bihar,' Modi said at Piarco International Airport. Modi was conferred with 'The Order of the Republic of Trinidad and Tobago', becoming the first foreign leader to receive the Caribbean country's highest civilian honour. The two sides signed pacts on the pharmaceutical sector, Indian aid for projects, cultural exchanges, sports, diplomat training and Indian studies chair at University of West Indies. The two countries are also working on a trade pact and an investment treaty, partnering towards establishing local drug manufacturing facilities, biotech parks, and telemedicine networks in the Caribbean nation, a regional forensic science laboratory, and implementing a disaster alert system in the island to strengthen national emergency response. Kamla Persad-Bissessar said, 'As we move ahead, We aim to expand our exports to tap into India's 1.4 billion consumers… We are also pursuing a partial scope trade agreement…and we are laying the foundation for a new bilateral investment treaty.' She said, 'We want to partner with Indian pharmaceutical leaders to establish local drug manufacturing facilities, biotech parks, telemedicine networks…India has also pledged support for a Jaipur foot camp, sea ambulances..' She expressed willingness to adopt India's UPI system and collaborate on India stack tools such as Aadhaar and Digi locker. 'This visit is more than just diplomacy. It marks the dawn in renewed South-South partnership, grounded in shared history and grounded in forward looking purpose,' Kamla Persad-Bissessar said. PM Modi said, 'It is time for us to work together, to give the Global South its rightful seat at the right table. To ensure climate justice, so that the burden does not fall on those who have contributed the least to the climate crisis. We consider Trinidad and Tobago an important partner in this endeavour.' This is Modi's first visit to the country as prime minister and the first Indian bilateral visit at the prime ministerial level to Trinidad and Tobago since 1999. PM Modi underlined that these special ties were based on shared history and cultural heritage forged by Indians who arrived in the country 180 years ago. He affirmed his commitment to further deepening the bilateral partnership between India and Trinidad & Tobago. Modi said Trinidad and Tobago is not only a CARICOM partner for India but also an important partner globally. 'Our cooperation is significant for the entire Global South,' he added. CARICOM, the Caribbean Community, is a regional political and economic union of 15 states and five associated members. Modi said he brought a replica of the Ram temple and some water from the river Sarayu in Ayodhya. 'I request Kamla ji (prime minister) to offer the holy waters of the Sarayu River and Maha Kumbh to the Ganga Dhara here. May these holy waters bless the people of Trinidad and Tobago,' he added. Modi said India is actively working on creating a comprehensive database of the Girmitiya community. The community comprised indentured labourers sent from British India to work on plantations in South Africa, Fiji, Mauritius and the Caribbean islands. 'Today, I am happy to announce that OCI cards will now be given to the sixth generation of the Indian diaspora in Trinidad & Tobago. You are not just connected by blood or surname. You are connected by belonging. India looks out for you, India welcomes you, and India embraces you,' he said. After his visit, he will leave for the third-leg of the 5-nation trip to Argentina. From Port of Spain, he will travel to Buenos Aires. This will be the first bilateral visit by an Indian Prime Minister to Argentina in 57 years. Argentina is a key economic partner in Latin America and a close collaborator in the G20, and will meet President Javier Milei on Saturday. Shubhajit Roy, Diplomatic Editor at The Indian Express, has been a journalist for more than 25 years now. Roy joined The Indian Express in October 2003 and has been reporting on foreign affairs for more than 17 years now. Based in Delhi, he has also led the National government and political bureau at The Indian Express in Delhi — a team of reporters who cover the national government and politics for the newspaper. He has got the Ramnath Goenka Journalism award for Excellence in Journalism '2016. He got this award for his coverage of the Holey Bakery attack in Dhaka and its aftermath. He also got the IIMCAA Award for the Journalist of the Year, 2022, (Jury's special mention) for his coverage of the fall of Kabul in August 2021 — he was one of the few Indian journalists in Kabul and the only mainstream newspaper to have covered the Taliban's capture of power in mid-August, 2021. ... Read More
