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Business Wire
21-05-2025
- Business
- Business Wire
Gnosis Launches Circles 2.0: A Trust-Based Digital Currency Where Users Issue Their Own Tokens Over Time
BERLIN--(BUSINESS WIRE)-- Gnosis, the architects of open applications and infrastructure for the new economy, today announced the launch of Circles 2.0, a radically new kind of personalised currency that anyone can create and use without needing a bank or government. Instead of relying on a centralised institution to print and set the value of money, each person issues their own Circles currency, which they can send and receive from people they trust. Circles 2.0 is delivered by the newly launched Metri app, the consumer-friendly, self-custodial wallet operating within the Gnosis ecosystem. In a global economy that is ever more uncertain, Circles offers users the ability to take control of their wealth and create vibrant local economies based on trust, community and fairness. Circles' predictable and equitable money supply protocol builds on the Gnosis vision of a decentralized payment infrastructure to create a new global currency that empowers users and is designed to avoid the systemic advantage often seen in early token distribution models—creating a fairer starting point for all participants. Martin Köppelmann, Co-Founder of Gnosis said, 'The goal of Circles is to introduce a complementary money system that doesn't put any participant or institution at an undue and systematic advantage over another while remaining attractive as a means of exchange and storage of value. We believe that by coupling the momentum of financial technology, together with products that propel OpenFi such as Gnosis Pay and CoW swap, we can provide enough immediate utility to solve the issues faced by new money systems and facilitate the next evolution in a completely decentralized financial system.' An Equitable Currency For Trusted Exchange In terms of token issuance, every account holder will mint 1 CRC per hour or 24 per day for as long as they maintain minimum activity levels on the platform. Each user's CRC is a unique token. Real-life trust—whether with friends, family or community members—is replicated through trusted connections within the system. When a user trusts someone else, they agree to accept their unique CRC. If the user doesn't know someone directly, but they have trusted connections in common, they can still send CRC to the third user by leveraging common connections as intermediaries, creating an active web–or circle–of trust. CRC can also be earned by inviting new users, by creating trusted connections, or by being bought in exchange for bridged stablecoins such USDCe, GBPe, and EURe. As a sign of early demand and expectation, there are 100,000 users on the waitlist for Circles, which has a value initially anticipated to fluctuate between $0.01 and $0.05. Users can also back their Circles with assets like Bitcoin, Ethereum or sDAI to establish price and make their Circles tradeable. Users will be able to spend the Circles they have created for real-life goods and services via Circles Marketplace, where trusted vendors will be accepting CRC, which is expected to go live some weeks after the launch. Key features of Circles 2.0: Every account holder has the right to mint their own individual Circles (CRC) at a rate of 1 CRC per hour. All CRC balances are reduced in nominal value at a rate of 7% per year to encourage spending and discourage hoarding. Groups can now be created and joined based on shared factors including but not limited to location, interests, events and enterprise affiliation. CRC is designed to be used as a form of currency between trusted connections, as opposed to a digital asset that is accrued or speculated upon. The launch of Circles 2.0 seeks to provide an equitable solution to the concerns about centralised control of money issuance and build on the innovation of cryptocurrency while avoiding the problem of undue and systemic advantage where early adopters benefit most. The use of Metri makes it easy for anyone to enter the world of decentralized money, with a focus on personal currencies, stablecoins and accessibility, and to spend their assets using a debit card. Metri is a user-friendly platform that integrates with cutting-edge OpenFi solutions, including the Circles Protocol, Gnosis Pay, and CoW Swap, and offers a comprehensive suite of tools for users.
Time of India
12-05-2025
- Business
- Time of India
IIM-Nagpur achieves fastest revenue growth among many IIMs in 5 years
Nagpur: IIM-Nagpur's revenue growth reached a staggering Rs 140 crore from all MBA programmes as well as research and consultancy at its campus in Mihan-SEZ and Pune. IIM-N Director Bhimaraya Metri highlighted the institute's remarkable progress, stating that over the past five years, IIM Nagpur witnessed a 40.82% revenue growth rate and a 453.8% rise in net worth while presenting his report during the 9th Convocation on Sunday. Tired of too many ads? go ad free now "Initially, IIM Nagpur was receiving a Rs 3 crore grant from the central govt while it earned just around Rs 21 crore, making for around Rs 25 crore revenue per year," he told TOI. The MBA programme helped the institute earn Rs 57 crore, while another Rs 5 crore came from the executive MBA for working professionals and Rs 40 crore from executive education. "The rest of the money came from research and consultancy. This is fastest growth among 15 other IIMs started after the year 2000," Metri MBA programme is designed to develop future business leaders equipped to navigate the global business landscape, he said. IIM Nagpur's executive education is transforming professional learning in India with advanced facilities and a dynamic academic environment, he added. The executive education started in 2021. "Today, IIM-N is established as one of the leading management institutes in executive education," he funds will be utilised towards campus development works such as a smart campus, IT infrastructure, faculty salaries, and InFed, apart from Pune campus works. "The govt monetary aid stopped five years ago," he stated that IIM-Nagpur's executive education is ranked 7th among all IIMs and among the top 10 . "IIM-Nagpur is also the fastest-growing among IIMs in terms of CAGR network," he said. Bigger IIMs took five to six years to even start executive education, he said. The appointment of senior faculty members is being held as one of the main reasons for the phenomenal growth. "We reversed the triangle by appointing more professors instead of assistant professors. Senior faculty is ready to contribute from day one. Assistant professors take a long time to learn and deliver," he Report* Financial year 2024-25 was milestone for IIM Nagpur, completing 12 post graduate certificate programmes and launching 17 more* Initiatives expanded its professional network, adding 848 new alumni and supporting 1,102 active learners across sectors* Total executive education alumni are 2,438* IIM Nagpur conducted 41 management development programmes (MDPs) for 1,572 professionals* Eight nurturing future leadership programmes were sponsored by the ministry of education * There were 388 participants, reinforcing academic leadership and institutional excellence* IIM Nagpur strengthened executive education with 17 post-graduate certificate programmes, including the 8th batch of the senior management programme* IIM Nagpur has signed strategic MoUs with top organisations like SAIL, WCL, NLC India, Novo Nordisk, Lupin, YASHADA, and the National Institute of Fire and Safety Engineering* In the NIRF Ranking 2024, IIM Nagpur rose to 31st nationwide and 16th among all IIMsNagpur: IIM-Nagpur's revenue growth reached a staggering Rs 140 crore from all MBA programmes as well as research and consultancy at its campus in Mihan-SEZ and Pune. IIM-N Director Bhimaraya Metri highlighted the institute's remarkable progress, stating that over the past five years, IIM Nagpur witnessed a 40.82% revenue growth rate and a 453.8% rise in net worth while presenting his report during the 9th Convocation on Sunday."Initially, IIM Nagpur was receiving a Rs 3 crore grant from the central govt while it earned just around Rs 21 crore, making for around Rs 25 crore revenue per year," he told TOI. The MBA programme helped the institute earn Rs 57 crore, while another Rs 5 crore came from the executive MBA for working professionals and Rs 40 crore from executive education. "The rest of the money came from research and consultancy. This is fastest growth among 15 other IIMs started after the year 2000," Metri MBA programme is designed to develop future business leaders equipped to navigate the global business landscape, he said. IIM Nagpur's executive education is transforming professional learning in India with advanced facilities and a dynamic academic environment, he added. The executive education started in 2021. "Today, IIM-N is established as one of the leading management institutes in executive education," he funds will be utilised towards campus development works such as a smart campus, IT infrastructure, faculty salaries, and InFed, apart from Pune campus works. "The govt monetary aid stopped five years ago," he stated that IIM-Nagpur's executive education is ranked 7th among all IIMs and among the top 10 B-schools in India. "IIM-Nagpur is also the fastest-growing among IIMs in terms of CAGR network," he said. Bigger IIMs took five to six years to even start executive education, he said. The appointment of senior faculty members is being held as one of the main reasons for the phenomenal growth. "We reversed the triangle by appointing more professors instead of assistant professors. Senior faculty is ready to contribute from day one. Assistant professors take a long time to learn and deliver," he Report* Financial year 2024-25 was milestone for IIM Nagpur, completing 12 post graduate certificate programmes and launching 17 more* Initiatives expanded its professional network, adding 848 new alumni and supporting 1,102 active learners across sectors* Total executive education alumni are 2,438* IIM Nagpur conducted 41 management development programmes (MDPs) for 1,572 professionals* Eight nurturing future leadership programmes were sponsored by the ministry of education * There were 388 participants, reinforcing academic leadership and institutional excellence* IIM Nagpur strengthened executive education with 17 post-graduate certificate programmes, including the 8th batch of the senior management programme* IIM Nagpur has signed strategic MoUs with top organisations like SAIL, WCL, NLC India, Novo Nordisk, Lupin, YASHADA, and the National Institute of Fire and Safety Engineering* In the NIRF Ranking 2024, IIM Nagpur rose to 31st nationwide and 16th among all IIMs
Hindustan Times
12-05-2025
- Business
- Hindustan Times
IIM-Nagpur Placements: 100% placement for 2023-25 MBA batch, ₹69.57 LPA highest salary, 46% graduates are women
Women students of IIM-Nagpur comprised 46 per cent of the total 267 MBA graduates from the 2023-25 batch, marking a three per cent increase compared to the previous batch. In the 2022-24 cohort, nearly 43 per cent of regular MBA graduates were women, according to officials from the Indian Institute of Management-Nagpur (IIM-N). The institute recorded 100 per cent placements for the current batch, with leading companies such as Microsoft, Amazon, BNP Paribas, and Vedanta participating in recruitment. Notably, three students received record-breaking offers, and four secured international placements. The highest salary offers stood at ₹69.57 LPA for final placements and ₹2.70 lakh for summer internships, while the average packages were ₹18.07 LPA and ₹89,856, respectively. Among the 267 regular MBA graduates of the 2023-25 batch, 120 were women (46 per cent) and 147 were men (54 per cent), said IIM-N Director Bhimaraya Metri. "This gender balance reflects the institute's ongoing efforts to foster an equitable and inclusive learning environment in management education," Metri stated at the 9th convocation ceremony held on campus. A total of 329 MBA students completed their programs, including 267 enrolled in the regular MBA course, 35 in the Executive MBA program at the Pune Campus, and 27 in the Executive MBA program at the Nagpur Campus. Metri highlighted that IIM Nagpur has achieved 100 per cent placements in its decennial year, attributing this milestone to the efforts of the Career Development Services (CDS) team and the Student Placement Committee. "This year, 89 new recruiters joined for final placements and 98 for summer internships, underscoring growing industry trust and positioning IIM Nagpur as a hub of opportunity," he added. The placement season saw top firms such as Microsoft, Amazon, Adani, BNP Paribas, Vedanta, Aditya Birla Capital, Lupin, Tata Power, Axis Bank, Accenture, BNY Mellon, Cognizant, and Deloitte recruit students, reinforcing IIM Nagpur's growing industry relevance. CP Gurnani, Chairman of the Board of Governors at IIM Nagpur, emphasised the institute's journey as it celebrates its 10th anniversary. "It is a decade of growth, innovation, and academic excellence," he said and also announced plans for significant infrastructure expansion to accommodate the institute's growing academic and institutional requirements. Additionally, IIM Nagpur is set to collaborate with the Indian Hotels Company Limited (IHCL) in the near future. The convocation's chief guest, Puneet Chhatwal, MD and CEO of IHCL, encouraged students to lead with purpose. "If you follow purpose, success is just a consequence. Everything else falls into place. Practising without vision or purpose is not sustainable. Now is your time to lead, set new benchmarks, and cultivate a growth mindset that will help you thrive," he added. In total, 62 students were awarded Executive MBA certificates at the convocation ceremony.
Indian Express
12-05-2025
- Business
- Indian Express
IIM Nagpur MBA Placements: Highest pay Rs 69.57 LPA; 46 per cent graduates are women
IIM Nagpur MBA Placement 2023-25: Women students of IIM-Nagpur comprised 46 per cent of the total 267 MBA graduates from the 2023-25 batch, marking a three per cent increase compared to the previous batch. In the 2022-24 cohort, nearly 43 per cent of regular MBA graduates were women, according to officials from the Indian Institute of Management-Nagpur (IIM-N). The institute recorded 100 per cent placements for the current batch, with leading companies such as Microsoft, Amazon, BNP Paribas, and Vedanta participating in recruitment. Notably, three students received record-breaking offers, and four secured international placements. The highest salary offers stood at Rs 69.57 LPA for final placements and Rs 2.70 lakh for summer internships, while the average packages were Rs 18.07 LPA and Rs 89,856, respectively. Among the 267 regular MBA graduates of the 2023-25 batch, 120 were women (46 per cent) and 147 were men (54 per cent), said IIM-N Director Bhimaraya Metri. 'This gender balance reflects the institute's ongoing efforts to foster an equitable and inclusive learning environment in management education,' Metri stated at the 9th convocation ceremony held on campus. A total of 329 MBA students completed their programs, including 267 enrolled in the regular MBA course, 35 in the Executive MBA program at the Pune Campus, and 27 in the Executive MBA program at the Nagpur Campus. Metri highlighted that IIM Nagpur has achieved 100 per cent placements in its decennial year, attributing this milestone to the efforts of the Career Development Services (CDS) team and the Student Placement Committee. 'This year, 89 new recruiters joined for final placements and 98 for summer internships, underscoring growing industry trust and positioning IIM Nagpur as a hub of opportunity,' he added. The placement season saw top firms such as Microsoft, Amazon, Adani, BNP Paribas, Vedanta, Aditya Birla Capital, Lupin, Tata Power, Axis Bank, Accenture, BNY Mellon, Cognizant, and Deloitte recruit students, reinforcing IIM Nagpur's growing industry relevance. In total, 62 students were awarded Executive MBA certificates at the convocation ceremony.
Business Standard
11-05-2025
- Business
- Business Standard
46% of IIM Nagpur MBA graduates are women; 100% placement for 2023-25 batch
Women students of IIM-Nagpur comprised 46 per cent of the total 267 MBA graduates from the 2023-25 batch, marking a three per cent increase compared to the previous batch. Press Trust of India Nagpur Women students of IIM-Nagpur comprised 46 per cent of the total 267 MBA graduates from the 2023-25 batch, marking a three per cent increase compared to the previous batch. In the 2022-24 cohort, nearly 43 per cent of regular MBA graduates were women, according to officials from the Indian Institute of Management-Nagpur (IIM-N). The institute recorded 100 per cent placements for the current batch, with leading companies such as Microsoft, Amazon, BNP Paribas, and Vedanta participating in recruitment. Notably, three students received record-breaking offers, and four secured international placements. The highest salary offers stood at Rs 69.57 LPA for final placements and Rs 2.70 lakh for summer internships, while the average packages were Rs 18.07 LPA and Rs 89,856, respectively. Among the 267 regular MBA graduates of the 2023-25 batch, 120 were women (46 per cent) and 147 were men (54 per cent), said IIM-N Director Bhimaraya Metri. "This gender balance reflects the institute's ongoing efforts to foster an equitable and inclusive learning environment in management education," Metri stated at the 9th convocation ceremony held on campus. A total of 329 MBA students completed their programs, including 267 enrolled in the regular MBA course, 35 in the Executive MBA program at the Pune Campus, and 27 in the Executive MBA program at the Nagpur Campus. Metri highlighted that IIM Nagpur has achieved 100 per cent placements in its decennial year, attributing this milestone to the efforts of the Career Development Services (CDS) team and the Student Placement Committee. "This year, 89 new recruiters joined for final placements and 98 for summer internships, underscoring growing industry trust and positioning IIM Nagpur as a hub of opportunity," he added. The placement season saw top firms such as Microsoft, Amazon, Adani, BNP Paribas, Vedanta, Aditya Birla Capital, Lupin, Tata Power, Axis Bank, Accenture, BNY Mellon, Cognizant, and Deloitte recruit students, reinforcing IIM Nagpur's growing industry relevance. CP Gurnani, Chairman of the Board of Governors at IIM Nagpur, emphasised the institute's journey as it celebrates its 10th anniversary. "It is a decade of growth, innovation, and academic excellence," he said and also announced plans for significant infrastructure expansion to accommodate the institute's growing academic and institutional requirements. Additionally, IIM Nagpur is set to collaborate with the Indian Hotels Company Limited (IHCL) in the near future. The convocation's chief guest, Puneet Chhatwal, MD and CEO of IHCL, encouraged students to lead with purpose. "If you follow purpose, success is just a consequence. Everything else falls into place. Practising without vision or purpose is not sustainable. Now is your time to lead, set new benchmarks, and cultivate a growth mindset that will help you thrive," he added. In total, 62 students were awarded Executive MBA certificates at the convocation ceremony. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
