BUSINESS
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
The US Attorney for the Southern District of New York (SDNY), Damian Williams, confirmed the arrest on Twitter, saying that Bahamian authorities arrested SBF at the request of the US government, based on a sealed indictment filed by the SDNY. "We expect to move to unseal the indictment in the morning and will have more to say at that time," he posted on Tuesday.
Sundar Pichai refuses to quell upcoming mega layoffs fears at Google
He told employees that what the company is trying hard to do "is to make important decisions, be disciplined, prioritise where we can, rationalise where we can, so that we are set up to better weather the storm, regardless of what's ahead". "I think that's what we should focus on and try and do our best there," Pichai added.
Global govt IT spending to hit $589 bn next year
"Government organisations are continuing to modernise legacy IT and invest in initiatives that improve access to digital services as constituents increasingly demand experiences that are equivalent to online customer interactions in the private sector," said Daniel Snyder, Director Analyst at Gartner.
Not waived off loans to big companies, Nirmala Sitharaman tells Parliament
Replying to a question in the Lok Sabha by CPI member K. Subbarayan, who sought to know whether the government will waive off education loans of poor students who are pursuing higher education, just as the "government has written off several lakhs of crores rupees for the big companies", Nirmala Sitharaman said that "we have not waived off the loans availed by big companies".
UK trade secretary in India to resume FTA negotiations
Both the leaders are expected to begin the sixth round of FTA negotiations. The negotiations would aim to cut tariffs and facilitate financial and legal services by UK in India. Badenoch will also meet business leaders to seek their feedback regarding the trade pact.
Tax collections up by 24% in current fiscal year-on-year
With this, 61.79 per cent of the budget estimates for the current fiscal have already been achieved, official sources said. Also 66.92 per cent higher income tax refunds were issued till November 30 during the current fiscal, compared to the corresponding period of last year. Refunds amounting to Rs 2.15 lakh crore were issued between April 1 - November 30.
Booked your New Year 2022 holiday?
The Thai custom of lighting wish lanterns, which is done on the full moon of the 12th month of their lunar calendar, is also open to visitors. Every lantern that illuminates the sea and sky allows one to think about the past and the future while surrounded by the peace that Amanpuri's shore offers.
Paytm lending business at annualised run rate of $4.8 bn, disburses 6.8 mn loans in Oct, Nov
The company's annualised run rate for the loan distribution business is now Rs 39,000 crore ($4.8 billion.) In the two months, Paytm has distributed 6.8 million loans (y-o-y growth of 150 per cent), aggregating to loan disbursements of Rs 6,292 Cr ($774 million, y-o-y growth of 374 per cent).
BharatPe CEO enjoying life with money I raised but fails to grow company: Ashneer
"Suhail (CEO) -- bahut aish kar li Ashneer ke raised funds pe. Ladkiya bhi ghuma li Australia. Par hai to hum nalle - hiring, product, tech, UNITY bank, PA license, mkt share -- kuchh nahi hil raha humse. Kya karenge? (Had a gala time with money Ashneer raised in Australia but I am unable to help the company on the hiring, product, tech UNITY Bank, payment aggregator (PA) license and market share fronts, what to do?)", tweeted Grover.
'Air India in talks for acquiring 500 aircraft'
The deal is said to be part of Tata Group's efforts to revive Air India, reports in a section of media said. As per reports, the orders are learnt to include both narrow-bodied and wide-bodied jets. The developments though could not be confirmed, they added.
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