BUSINESS
Former Japan PM Yukio Hatoyama Commends Global Peace Initiatives at Historic Hyderabad Assembly
This groundbreaking assembly, poised to attract world leaders, dignitaries, and esteemed guests, is dedicated to advancing global harmony through the transformative practices of transcendental meditation and TM-Sidhi programs.
Correction in broader markets inevitable, say analysts
The global support to the market from the US market where the S&P 500 is close to all-time high is significant, he said.
Starting January 29, Amazon Prime Video to Introduce Ad Streaming During Movies and TV Shows
Prime Video customers will have the option of paying an additional $2.99 per month to avoid limited ads. The company said that this move will allow it “to continue investing in compelling content and keep increasing that investment over a long period of time.”
Cybercriminals Abscond with Nearly $2 Billion in Cryptocurrency Heists in 2023
Among the notable incidents this year, Hong Kong-based crypto company Mixin fell victim to a data breach in September, resulting in the theft of $200 million. Another significant hack took place in March when cyber-criminals seized about $197 million from the crypto lending platform Euler Finance.
ED Probe Reveals Vivo China, via Vivo India, Acquired Proceeds of Over Rs 20K Cr as Illicit Funds
As detailed in the charge sheet filed on December 7 and reviewed by IANS, Vivo China established a complex structure of companies through Vivo India. The charge sheet states, "Vivo China, through Vivo India, created an elaborate network of companies under a corporate veil, and on piercing the corporate veil, the real beneficial ownership and control of all these entities is revealed."
Adani Group to Infuse Rs 9,350 Crore into Adani Green Energy
The company emphasized that these funds are earmarked for streamlining the balance sheet by reducing debt and channeling resources towards capital expenditure, as detailed in their official press statement.
India's Current Account Deficit Contracts to $8.3 Billion in July-September Quarter
During the second quarter of 2023-24, the current account deficit (CAD) amounted to $8.3 billion or 1% of GDP, down from $9.2 billion or 1.1% of GDP in the previous quarter.
2024 forecast to be a sector rotation period for Indian equities
However, some exhaustion is noticed in mid and smallcaps after the stretched rally of last two months.
India Inc Expected to Seek 3.9 Million Jobs in the First Half of 2024: Report
BetterPlace, a SaaS and frontline workforce management platform, conducted a comprehensive year-end insights report analyzing over a million data points.
Code.org sues Byju’s subsidiary Whitehat Jr in US over payment dues: Report
In the lawsuit filed in a California district court, Code.org alleged that WhiteHat Jr, which Byju’s acquired for $300 million in 2020, continued to use its coding education platform but did not pay the remaining fee as part of a licensing contract, reports TechCrunch.
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