Polygon Labs, the developer behind the Polygon blockchain, has announced a strategic partnership with Jio Platforms, a subsidiary of Reliance Industries, to expand Web3 capabilities in India. The alliance will integrate blockchain technology into Jio’s ecosystem, including its JioSphere web browser, offering faster and cheaper transactions without sacrificing decentralization. Sandeep Nailwal, Polygon’s co-founder, highlighted the importance of balancing scalability and decentralization, with investments in zero-knowledge technology to streamline transactions. The collaboration follows Polygon’s earlier work with Indian Railways to issue NFT-based train tickets, showcasing its growing influence in India’s digital transformation. Meanwhile, the Indian government is cracking down on crypto scams, partnering with tech giants to combat fraudulent activities.
about Polygon & Jio Partner to Boost Web3 in IndiaReliance Industries
0 in Finance and 0 in Crypto last weekLIC Faces Major Losses Amidst Stock Market Crash in 2025
In 2025, LIC’s equity portfolio suffered a staggering Rs 1.45 lakh crore loss, dropping from Rs 14.9 lakh crore to Rs 13.4 lakh crore amid a significant market crash, particularly impacting small and mid-cap stocks. Major contributors to this decline include ITC, TCS, and Infosys, alongside substantial losses in banking stocks like SBI and ICICI Bank. Despite some positive performances from select investments, ongoing market volatility raises concerns about further losses and the effectiveness of LIC’s investment strategy.
about LIC Faces Major Losses Amidst Stock Market Crash in 2025Indian Market Declines Amid Earnings Concerns and Global Economic Uncertainty
The Indian market closed lower on Friday, reversing early gains due to concerns over a potential slowdown in corporate earnings, despite optimism from lower U.S. interest rates and falling oil prices. The BSE Sensex fell by 329.92 points to 76,190.46, while the Nifty 50 dropped 113.15 points to 23,092.20, driven by sell-offs in pharma, real estate, and auto sectors. Market sentiment remains bearish, with 3,001 stocks declining out of 4,059 traded on the BSE.
about Indian Market Declines Amid Earnings Concerns and Global Economic UncertaintyInvestors Lose 25 Lakh Crore in Four Days of Market Crash
Investors have faced a staggering loss of nearly ₹25 lakh crore in market valuation over just four days due to a significant downturn in the equity market. This sharp decline highlights the volatility and risks associated with stock market investments.
about Investors Lose 25 Lakh Crore in Four Days of Market CrashNifty at 23250 as Sensex Drops 630 Points Across All Sectors
Nifty is currently at 23,250, while Sensex has dropped by 630 points, with all sectors experiencing declines. Investors are advised to stay updated on market movements and their transactions.
about Nifty at 23250 as Sensex Drops 630 Points Across All Sectors