BUSINESS
Crypto major Binance acquires rival FTX, digital coins surge
Binance founder and CEO Changpeng Zhao (CZ) said in a tweet thread that FTX asked for their help. "There is a significant liquidity crunch. To protect users, we signed a non-binding LOI (letter of intent), intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days," Zhao posted.
No new Rs 2,000 notes printed from 2019-2022, says RTI reply
The RTI application filed by IANS disclosed that the Bharatiya Reserve Bank Note Mudran (P) Ltd printed 3,542.991 million pieces of Rs 2,000 notes in the financial year 2016-17, which drastically came down to 111.507 million notes in 2017-18 and was further reduced to 46.690 million notes in 2018-19.
KKR invests $400 million in Serentica Renewables
Serentica enables transition to renewable energy round-the-clock by signing long-term power purchase agreements (PPA) with companies.Currently, Serentica has entered into three long-term PPAs and is in the process of developing about 1,500 MW of solar and wind power projects across various states, including Karnataka, Rajasthan and Maharashtra.
'Tyres with a muscle', MRF posts lower net
The 'tyres with muscle' is one of the popular taglines of MRF tyres. The Board of Directors of MRF at their meeting on Tuesday declared an interim dividend of Rs 3/share for FY23 and also approved the enhancement in the issue of Non-Convertible Debentures through private placement from Rs 100 crore to Rs 150 crore.
India saw 6% decline in hiring in Oct amid funding winter: Report
Month-on-month job postings also saw a 5 per cent decline in the country. However, with companies ramping up internal initiatives to facilitate growth and government interventions in promising sectors.
Snap to pay sound creators up to $50K a month in India
Snap has partnered with DistroKid, an independent digital music distribution service, to facilitate and distribute payments for up to 20 artists per month at $2,500. Snap in India launched the 'Snapchat Sounds Creator Fund' -- a new grant programme designed to recognise emerging artists in the country in driving video creations and defining cultural moments on Snapchat and Spotlight alike.
EC advances digital euro with legislative proposal
The conference, held by the EC and the European Central Bank (ECB) in Brussels, focuses on the legislative framework for the digital euro, reports Xinhua news agency. "The European Commission has been working together with the ECB to respond to the growing demand for online payments," Valdis Dombrovskis, EC executive vice-president, said at the conference.
Inflation, rising costs to slow down digital transformation: Report
About 63 per cent of healthcare and pharmaceutical industry professionals in North America expected a disruption to digitalisation initiatives in their business units due to inflation. The same opinion was expressed by 55 per cent of industry professionals in Europe and 47 per cent in the Asia-Pacific region, according to Global Data, a leading data and analytics company.
US seizes over 50K Bitcoin worth $3.3 bn stored in popcorn tin
The 32-year-old James Zhong from Georgia fraudulently obtained the Bitcoin from The Silk Road -- a site on the dark web once called "the Amazon of drugs" -- in 2012. Zhong has now pleaded guilty to committing wire fraud in September 2012, when he unlawfully obtained over 50,000 Bitcoin from the Silk Road dark web internet marketplace, the US Department of Justice said in a statement late on Monday.
Pakistan's oil sector warns of looming petrol, diesel crisis
"Keeping in view the ongoing sales trend, we foresee product (petrol, diesel) availability challenges in various pockets of the country in days to come due to inadequate imports and limited local avails," said the OCAC, a representative body of the oil sector in the country.
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