Beyond Financial News

Digital Competition Law will likely recommend “dos and don’ts” for systemically important digital intermediaries to check big tech’s ability to distort fair trade, a person aware of the panel’s deliberations, said. The panel, chaired by corporate affairs secretary Manoj Govil, is likely to define systemically important digital intermediaries based on a set of criteria including the nature of business, turnover, and user base, both global and local, the person told ET.

By Marisa Taylor

Grant Thornton Bharat report has said. The number of deals through mergers and acquisitions and private equity funding in this sector almost halved to 150 during January-June from 297 a year earlier while the drop in value was even higher — 61% — at $2.8 billion against $7 billion in the absence of big-ticket investments, said the report shared exclusively with ET.

₹6,1239 per bbl, having swung between ₹6,188 and ₹6,351 per bbl during the session so far, compared to their previous close of ₹6,221 per bbl. U.S. crude inventories fell by 708,000 barrels in the last week to 457.4 million barrels, Energy Information Administration data showed on Wednesday.  For the first time since January 2021, the data showed inventories in the Strategic Petroleum Reserve climbed, as the U.S.

Five European Union countries will extend their ban on Ukrainian grain to protect their farmers’ interests

Opposition BJP were suspended on Wednesday after they tore up copies of the Bills in the Karnataka assembly and hurled them at the Chair, while staging a dharna protesting the assignment of IAS officers on protocol duty for politicians participating in the Congress-led all party meet on Tuesday. The BJP and JDS members raised a storm as soon as the House met, taking strong objection to the Congress regime drafting senior IAS officers on political duty, something they said had never occurred in the history of Karnataka.

Mamata Banerjee claimed that the BJP was shivering with fear after 26 non-BJP parties announced the formation of a coalition named "INDIA" in a conclave at Bengaluru on Tuesday. In the backdrop of the BJP predicting that her government would fall in another five months, Banerjee on Wednesday asked the saffron party to overturn a tumbler before attempting the same with the TMC government. «The BJP's only job is to create unrest, violence, and divide people on the basis of religion.

Brent futures were up 63 cents at $80.26 a barrel by 1325 GMT while U.S. West Texas Intermediate (WTI) crude was up 51 cents at $76.26. China's top economic planner pledged on Tuesday to roll out policies to «restore and expand» consumption in the world's second-largest economy, which could boost oil demand.

Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months

The U.S. Drug Enforcement Administration’s second-in-command has quietly stepped down amid reporting by The Associated Press that he previously consulted for a pharmaceutical distributor sanctioned for a deluge of suspicious painkiller shipments and di...

informal employees are prioritising factors such as prestige and career potential over wages today, says a Quess Corp report. The report by leading business service provider Quess Corp titled ‘New Collar Generation Report' uncovers the aspirations of India's informal economy post-pandemic.

Netflix has officially renewed the series for an eighth season. Since its debut in October 2018, «Elite» has captivated audiences worldwide with its compelling storyline centered around the students of the prestigious Las Encinas. With production scheduled to begin in the Summer, viewers can expect the eighth season to hit Netflix screens sometime in 2024.

Triumph International has announced the appointment of Ankur Damani as the commercial director for India and Sri Lanka. In his new position, Damani will play a key role in driving growth for Triumph Lingerie by developing a robust business strategy aimed at boosting sales and retail net profit in the Indian market.

British spies are already using artificial intelligence to hamper the supply of weapons to Russia, the head of Britain’s MI6 agency said Wednesday, predicting that Western spies will increasingly have to focus on tracking the malign use of AI by hostile states. In a rare public speech, Richard Moore also urged Russians who oppose the invasion of Ukraine to spy for Britain, saying others had already done so since the war began.

Manipur grapples with ethnic violence involving Meiteis and Kukis, several other communities in its villages are also suffering the perils of conflict, living amid danger and uncertainty every day. In Ward Number 9 of Kwatka Municipal Council between Phuoljang and Phaogakchao villages, there is palpable fear among inhabitants as they face unannounced gunfire and the alleged «nonchalant attitude» of local authorities. In the humble settlement dotted by small huts, fresh scars of violence are etched on walls and roofs that bear innumerable chinks caused by bullets from the relentless crossfire. Inside, the furniture and kitchen utensils are riddled with countless holes, each one representing a bullet that pierced through the fragile walls and serving as a haunting reminder of the danger that lurks outside. Speaking on behalf of the villagers of Phaogakchao, Wahid Rehman describes the dire situation they find themselves in. «We are living on the edge, with no certainty about the future. The crossfire begins suddenly, and it can last for hours on end. We have seen some of our fellow villagers flee to nearby relatives to escape the situation, but for those of us who have nowhere else to go, we are forced to live with the constant reminder of the dangers we face,» he says.

Global Student Prize 2023, selected from 3,851 applications from across 122 countries. The annual award goes to one exceptional student who has made a real impact on learning, the lives of their peers and on society beyond. In the running from India this year will be Namya Joshi, a 16-year-old student at Sat Paul Mittal School, Ludhiana, Punjab; Vinisha Umashankar, a 16-year-old student at SKP Vanitha International School, Tiruvannamalai, Tamil Nadu; Gladson Vaghela, a 25-year-old medical student at Gujarat Medical Education and Research Society Medical College, Gandhinagar, Gujarat; Padmaksh Khandelwal, a 17-year-old computer science student at Sir Padampat Singhania School, Kota, Rajasthan; and Ravinder Bishnoi, a 20-year-old information technology student at Chandigarh Engineering College, Landran, Mohali, Punjab. «Chegg not only celebrates your achievements but also the endless possibilities that exist when young minds are driven by a passion for change,» said Heather Hatlo Porter, Head of Chegg.org and Chief Communications Officer of Chegg. «The top 50 Global Student Prize finalists deserve the opportunity to have their stories told and have their voices heard. Their dreams, wisdom, and inventive spirit will illuminate a more hopeful future for everyone,» she said. Joshi, acclaimed as the «Top Tech Savvy Student in India» and a global teacher at the age of 16, got hooked on Minecraft, realising that it can also be used as an education tool.

About 71% of Indian jobseekers are looking for work flexibility in comparison to salary, which includes work from anywhere, and flexibility related to timings and breaks, according to a new report. Job platform Indeed, in its latest survey, noted that close to 70% of job seekers in the country consider work modes, such as hybrid or remote work arrangements. And roughly, 67% of Indian jobseekers consider the compensation offered for the job.

macroeconomic outlook and highlights the need for further financial support to address the country's cash-strapped situation, PTI reported this citing The Dawn newspaper. The report is founded on the Memorandum of Economic and Fiscal Policies (MEFP), which was signed by Pakistan's Finance Minister Ishaq Dar and State Bank Governor Jameel Ahmed. The fund said, “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will require continued adjustment and creditor support beyond the current programme period." Last week, the IMF approved the USD 3 billion bailout program for Pakistan.

Jubilant Pharmova Ltd on Wednesday reported an 86.4% year-on-year fall in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹6.4 crore. The company had reported a profit of ₹47.1 crore in the year-ago period. The company in Q4FY23 posted a net loss of ₹97.9 crore.  For the quarter ended June 30 (Q1FY24), consolidated revenue jumped 9.3% year-on-year to ₹1,587 crore from ₹1,451.7 crore in Q1FY23.

US equities rose Tuesday as results from Bank of America Corp. and Morgan Stanley bolstered bank shares, and a rally in stocks linked to artificial intelligence resumed.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.