Forbes Financial News

Argentinians are increasingly hoarding USDT in a bid to safeguard the value of their savings and fight hyperinflation, a new report has claimed.

The tax man has come for a lot of rich Americans.

₹5,338 crore. But what did Forbes know? That same year, his group companies Malvika Steels and Usha Ispat defaulted on loans worth close to ₹2,400 crore! Beneath the glittering facade of a sprawling conglomerate, a black fungus of financial manipulation had started to take root that would soon bring the entire edifice crashing. At the heart of the Ispat frauds was a complex system of inflated valuations for public issues, round-tripping of funds and misuse of bank loans.

Supacell's first season premiered on Netflix this June and has already generated a massive fan following, with viewers already talking about the next season. The Netflix original series that stars Tosin Cole, Adelayo Adedayo, Eddie Marsan in pivotal roles, is the only Netflix Original scripted series in the US Top 10 shows, according to Forbes.

The ownership group that controls the NBA champion Boston Celtics says it intends to sell all its shares of the team

A Quiet Place: Day One, has arrived in theaters nationwide. For those wondering when they can catch the apocalyptic thriller on Paramount+ and other digital platforms, here’s what you need to know.

Amazon is reviewing claims that the artificial intelligence startup Perplexity AI is scraping content — including from prominent news sites — without approval

The Bear are eagerly awaiting news on a potential fourth season after the dramatic conclusion of Season 3. The third season, which premiered on June 26, left viewers on the edge of their seats with a major cliffhanger. Here’s everything we know about the future of this beloved drama, including potential release dates and plot developments.

Two sources close to the story told Forbes this move is part of a pivot towards investing in AI and defence technology startups. Earlier this year, the company were part of a seed funding round for AI risk management platform ValidMind.

Netflix is all set to stream Pablo Escobar documentary in July this year. Titled as 500 Days of Escobar (Los 500 días de Escobar) will drop on OTT streaming giant on July 19. The film witnessed release in Colombia later part of the last year, as per a report on WhatsOnNetflix. The documentary delves into the life of Colombian drug lord, and the famous 500-day plot to hunt him down in 1990s. The film has testimony of Alonso Salazar, María Emma Mejía Vélez, Javier Peña, Óscar Naranjo, Gustavo Salazar Pineda, and Nicolas Escobar Urquijo.

An Indian-born billionaire and three family members have been sentenced to prison for exploiting domestic workers at their lakeside villa in Switzerland

GRM Overseas, an FMCG and basmati rice exporting company, has announced that the board has approved the fund-raise of Rs 136.5 crore through the issue of share warrants on a preferential basis to 33 promoters and non-promoter investors. The board has approved the allotment of up to 91,00,000 share warrants at an issue price of Rs. 150 including a premium of Rs 148 per warrant. The funds raised will also expand India's “10X” brand, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities. These activities may be undertaken directly by the Company or through its subsidiaries or joint ventures. The investors include Atul Garg (Promoter), Forbes EMF, Singularity Equity Fund and Nikhil Vora HUF, among others, will be issued share warrants.

Perplexity is a fascinating AI application. But some aspects of the app seem worrying. It takes a Wikipedia-like approach to news: it parses through verified news sources and compiles the information in an easy-to-understand format with all the key facts. It also allows you to ask questions, answers to which it creates on the fly, based, once again, on sources. A recent Forbes article calls Perplexity's aggregation and generation a 'cynical theft'. It had taken its work, without permission, and republished it as though it were itself 'a media outlet'. AI summaries, including Google's feature, pose some key challenges for society and news publishers. For starters, they have issues with accuracy. Unlike Wikipedia, they don't have human oversight or verification, and can pick up unreliable or unverified information from articles as facts. A user who doesn't know better, or can't easily spot issues, may accept it as news.

Saudi Arabia's sovereign wealth fund and a French private equity group will acquire a 38-percent stake in Heathrow, the London airport's biggest shareholder said Friday. Heathrow, one of the world's busiest airports, is owned by the consortium FGP Topco Limited with Spanish infrastructure giant Ferrovial holding the lead role with a 25-percent stake.

The artificial intelligence startup Perplexity AI has raised tens of millions of dollars from the likes of Jeff Bezos and other prominent tech investors for its mission to rival Google in the business of searching for information

Joey Chestnut will take on Takeru Kobayashi, in the hot dog eating matchup at Nathan's Hot Dog Eating Contest on Labor Day, September 2, reports the 'ABC News'. It will be streamed live on Netflix. «Chestnut vs. Kobayashi: Unfinished Beef,» will be held for the first time since they faced each other way back in 2009. Earlier, chestnut said he learned from the media that he was not allowed to take in this year’s contest because he chose to represent plant-based food giant Impossible Food.

Reasons to buyReasons to avoidThe Aquaguard 10-Stage Water Purifier offers comprehensive purification with the added benefits of mineral enrichment. It is suitable for municipal water sources and is designed to provide safe and healthy drinking water for your family.Reasons to buyReasons to avoidAlso read: Livpure water purifier for healthy homes for September 2023: 8 options to chooseThe Aquaguard Stainless Steel Water Purifier is a durable and reliable choice for households relying on municipal water sources.

₹72.03 a share for ₹261 crore, according to a Mint analysis. Less than seven weeks after Pabrai cut his Edelweiss holding by half, RBI on 29 May restricted businesses of its lending and asset reconstruction arms, citing concerns about its lending and accounting practices. Edelweiss shares plunged 11.8% to close at ₹68.35 on 30 May, a day after the regulatory action.

Billionaire media magnate and former New York City mayor Michael Bloomberg has agreed to partner with Marc Lore and Alex Rodriguez on their in-dispute attempt to purchase the Minnesota Timberwolves, according to a person with knowledge of the deal who ...

in-dispute attempt to purchase the Minnesota Timberwolves, according to a person with knowledge of the deal. The person spoke to The Associated Press on condition of anonymity because details of the transaction were not being made public. The news was first reported by The Athletic.