BUSINESS
Air India Offers Ticket Rescheduling or Cancellation at No Extra Cost Amid Dense Fog and Poor Visibility
This initiative, reintroduced from the previous winter season, aims to provide proactive support to affected travelers.
Private Equity and Venture Capital Investments in Domestic Companies Decline to $27.9 Billion in 2023
Interestingly, this year saw a notable increase in capital being withdrawn from the country by private equity players, totaling $19.34 billion from 248 companies.
SBI Increases Interest Rates on Fixed Deposits
The State Bank of India (SBI) has implemented an immediate revision in interest rates for specific fixed deposit (FD) tenures, increasing rates by up to 0.5%.
Hindalco Takes the Lead in Rallying Metal Stocks
According to a report by JM Financial Institutional Securities, the global aluminium market might transition from a modest deficit in 2021-22 to a potential balance within the 2023-2025 period.
RBI Releases Draft Aimed at Simplifying Licensing Norms for Money Changers
The review of the current licensing framework aims to cater to the evolving needs of India's rapidly expanding economy.
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."
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