BUSINESS
Global cybersecurity market grows 16% to reach $17.8 bn in Q3
Cisco was the second-largest cybersecurity vendor, with growth of 16.7 per cent and a flat market share of 6.9 per cent. Fortinet placed third, achieving growth of 29.9 per cent to reach a 6.7 per cent market share, up from 6 per cent a year ago, according to market research firm Canalys. Endpoint security was the fastest-growing category, up 18.7 per cent year on year at $2.7 billion.
Centre to roll out new integrated food security scheme on Jan 1
As per the decision made by the Cabinet, the new scheme would provide free food grains to 81.35 crore beneficiaries under NFSA, for the year 2023. The scheme would also ensure effective and uniform implementation of the National Food Security Act (NFSA). According to the Ministry of Consumer Affairs, the government has social and legal commitment to the people of the nation -- a dignified life by ensuring them access to food and nutritional security through availability of adequate quantity of quality foodgrains.
What is the Best Crypto Exchange to Trade GHS Mikey's Guide to Cryptocurrency Trading
Crypto exchange tft to ghs is a digital currency that is created through the process of mining. It is a decentralized system where the value of the currency depends on the computing power and hard work of its users who are rewarded with newly generated cryptocurrency for their efforts
For Pakistan, 2022 was the worst year in economy and business
The sectors that have faced the wrath of the economic recession during the year 2022 include textile industry and its allied sectors, agriculture, import material-based industries and automobiles, triggering a widespread wave of unemployment and job losses in the country. Pakistan's currency fell by at least Rs 49.31 against the US dollar and interest rate shot up to at least 16 per cent, the highest since 1998-1999.
The Market: 2022 in retrospect and looking at the year ahead
The year began with what people thought would be a skirmish between Ukraine and Russia on February 24. It is getting close to 11 months now, and there seems no end to the same. This war saw disruptions of many kinds as Ukraine is the world's largest supplier of wheat and food grains to many countries. It disrupted oil supply and sanctions on Russia and its retaliation saw Europe struggling with winter having set in as far as oil and gas is concerned.
Bank credit growth to be stronger in Q4FY23: Emkay Global
According to a report by Emkay Global, the Indian banking sector performance was led by stronger than-expected credit growth after years of a lackluster performance, sharp margin uptick benefiting from the rate cycle and a far stronger balance sheet now. The public sector banks (PSB), too, have joined the party, outperforming even private banks in the recent past.
Torrent escalates Reliance Capital bid war against Hinduja to RBI
In a new letter to RBI Deputy Governor M. Rajeshwar Rao dated December 28, Torrent Investments sought directions to Nageswara Rao Y, the administrator of Reliance Capital. The letter said that the challenge process was concluded on December 21 with the administrator's email to Torrent Investments confirming its NPV bid amount of Rs 8640 crore as the highest bid amount.
Fidelity slashes its Twitter stake value by 56% as Musk faces challenges
Fidelity's Contrafund valued its Twitter shares at $53.47 million on October 31, just days after Musk's $44 billion acquisition deal was closed, reports Axios. It then revalued the shares at around $23.46 million as of November 30, representing a 56 per cent decline. Fidelity was among investors that helped Musk finance his $44 billion acquisition of the micro-blogging platform by purchasing equity.
The Bahamas seizes $3.5 bn in FTX digital assets as ex-CEO faces trial
The Securities Commission of The Bahamas said in a statement that it took the action of directing the transfer of all digital assets of under the custody or control of FTXDM (FTX Digital Markets Ltd) or its principals, valued at more than $3.5 billion, based on market pricing at the time of transfer, to digital wallets controlled by the Commission, for safekeeping.
Russia continues to limit share of assets from 'unfriendly countries' in national wealth fund
According to the statement on Friday, the share of the Chinese yuan in the NWF would be doubled from 30 to 60 per cent, and the share of non-cash gold would increase to 40 per cent, within the framework of the newly approved regulatory asset structure of the NWF. At the same time, Russia will fully remove dollar assets from its wealth fund, and reduce balances in the British pound and Japanese yen to zero, Xinhua news agency reported.
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