Data Sheet—How Ripple Wants to Enhance, Not Kill, the Global Payments System

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered

State-run banks facing over $3 billion of losses on bonds in Jan-March: Credit Suisse

 India’s state-run banks – already bruised by the sprawling Punjab National Bank fraud case and soaring provisions for bad loans

Mobile carrier Aircel files for bankruptcy

 Indian mobile carrier Aircel Ltd filed for bankruptcy on Wednesday, pressured by a high debt pile and mounting losses following

RBI orders changes to bank protocols after $1.8 billion fraud case

 India’s central bank has told lenders to link their internal software with the SWIFT interbank messaging system by the end

Indian investigators seize billionaire jeweller Nirav Modi’s luxury cars in $1.8 billion fraud probe

 The Enforcement Directorate said on Thursday it has seized a Rolls Royce Ghost, a Porsche Panamera and some half a

Alibaba bets on Olympics to make it a household name

  Alibaba is ready to compete on the world stage. China’s biggest e-commerce company just made its debut as an

RBI says had issued warnings on possible misuse of SWIFT system

MUMBAI (Reuters) – The Reserve Bank of India on Tuesday said it had alerted unidentified banks about the need to

Indian banks may take more than $3 billion hit from PNB fraud: tax dept

NEW DELHI (Reuters) – Indian banks could take a hit of at least $ 2.7 billion from loans and corporate

Wynn Resorts CEO calls sexual misconduct accusations ‘preposterous’; stock falls

 Las Vegas casino mogul Steve Wynn has routinely subjected women who work for him to unwanted sexual advances in a

2017 was second or third warmest year, behind 2016: U.N.

OSLO (Reuters) – Last year was the second or third warmest on record behind 2016, and the hottest without an