Information Financial News

South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. 

By Robert Harvey

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IndiGo Airlines has announced the suspension of its flights from Kanpur to Bengaluru for a duration of three months starting from January 1, 2024. This decision has raised concerns, particularly among the residents of Kanpur, with the business community expressing unease, a TOI report stated. The Merchant Chamber of Commerce's vice president, Mayank Khanna, has reached out to IndiGo's headquarters for clarification.

RBZ Jewellers made a flat listing on the exchanges on Wednesday. However, post the listing, the stock jumped 5% and was locked in the upper circuit. The debut was in line with the subdued grey market trend, reflecting cautious investor sentiment towards the company despite its strengths. While RBZ Jewellers possesses strong fundamentals and a fair valuation on the surface, the significant risks cannot be overlooked, analysts said. «The flat listing serves as a stark reminder of the potential pitfalls associated with gold price volatility, client concentration, informal artisan arrangements, and intense competition.

Intellivate Capital Ventures have given exceptional returns to their investors in 2023 following the overall positive market sentiment. Despite facing multiple challenges such as the Russia-Ukraine war, the Israel-Hamas war, peak global inflation, rising crude prices, peak US 10-year yield, and a consumption slowdown, the Indian market achieved a record-high streak. This remarkable performance can be attributed to sustained foreign and domestic investor inflows, improving macroeconomic indicators, and the potential for the incumbent government's return to power, all of which, contributed to keeping the markets resilient during the period.

₹50,000 were brought under the tax ambit. Money received from life insurance policies with premiums exceeding ₹5 lakhs per year will be taxed as income from other sources. This applies to both individual policies and combined policies with premiums exceeding ₹5 lakhs across multiple policies held by the same person.

AI Safety Summit" to discuss the extreme risks that AI models may pose. Governments cannot ignore a technology that could change the world profoundly, and any credible threat to humanity should be taken seriously. Regulators have been too slow in the past.

stating his rights. This is absolutely shameful, disgusting conduct by those who get paid by us!," PTI official said in a post on X. The video, which is doing rounds on social media shows the former Foreign Minister vehemently objecting to the "illegality" of the police's actions, only to be forcefully pushed into a reinforced police vehicle by Punjab Police.

defamation case by a Surat court that triggered the Congress leader's legal fight for the restoration of his Lok Sabha membership, and Biparjoy cyclone leaving a trail of destruction were two key developments that took place in Gujarat in 2023. The year also gave several reasons for the residents of Gujarat to cheer with the inclusion of the state's traditional dance form Garba in the list of Intangible Cultural Heritage by UNESCO, inauguration of the Surat Diamond Bourse and two Australia-based universities setting up their campuses in Gandhinagar-based GIFT City among other things. On March 23, the court in Surat sentenced Rahul Gandhi to two years in jail in the defamation case filed against him over his «Modi surname» remark.

IT sector, which has seen a contraction in hiring amid global economic slowdown and funding winter, is likely to witness a positive turnaround with 8-10% increase in hiring in 2024, suggests a new report rom talent solution company NLB Services. Overall, the hiring in the IT sector is expected to surge by 12-15% in CY 2024, especially due to the surge in global capabilities centres (GCCs) and global economy settling down comparatively, according to the report.

Dish TV India's effective board strength is down to three directors, as the shareholders have rejected the company's proposal to appoint four directors at its extraordinary general meeting (EGM) on December 22. The direct-to-home (DTH) company's shareholders rejected ordinary resolutions for Rajesh Sahni and Virender Kumar Tagra's appointment as non-executive, non-independent directors. Special resolutions to nominate Aanchal David as an independent director and to reappoint Shankar Aggarwal as an independent director were also defeated. Over 71% of the votes were polled against the four resolutions at the EGM, the company said in a regulatory filing. Dish TV also informed that the appointment of Sunil Khanna as an independent director and Ravi Bhushan Puri as executive director will be effective December 22, since the number of directors on the board has fallen below the minimum statutory limit of three directors. Earlier, the company said that the appointments would become effective on the date of receipt of the approval of the Ministry of Information and Broadcasting (MIB) or the date on which the number of directors on the board falls below the statutory minimum number of three directors, whichever is earlier. Khanna and Puri's appointment, subject to shareholder approval, will be valid until September 30, 2024. Apart from Khanna and Puri, the board also includes Dr. Rashmi Aggarwal, a non-executive, independent female director. Dish TV named Aanchal David as the independent director, with effect from September 26.

In Wednesday’s trading session, five stocks witnessed a build of fresh long positions. Let's first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

I-T department and, if necessary, revise their returns already filed or to file the return if not filed, so far, it added. "Taxpayers are requested to respond to the communication on priority," the I-T department said.

Gautam Adani and his conglomerate by storm. Since the turn of the year, Adani’s company was accused of corporate misdoings, the Opposition said the Centre favoured him over others, the Supreme Court got involved, and his investors lost money. Yet, as we approach the end of 2023, he has yet to be charged for any of the allegations.

Senior judges in the United Kingdom have published extensive advice on the proper use of artificial intelligence (AI) for judges and magistrates in England and Wales. This is a major step for the legal system in the United Kingdom. When it comes to integrating artificial intelligence technology inside the legal framework while simultaneously addressing possible hazards and ethical issues, this endeavor represents a pioneering effort.

The Financial Accounting Standards Board (FASB) has taken a significant step in addressing the complexities of accounting for crypto assets. On December 13, 2023, FASB issued an Accounting Standards Update (ASU) No. 2023-08, aimed at improving the accounting and disclosure of certain crypto assets. This update is a response to the evolving nature of digital assets and the need for more relevant financial reporting in this area.

A groundbreaking alliance between Microsoft Corporation and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) has been revealed. In a technological environment that is quickly evolving, the purpose of this partnership is to investigate and shape the incorporation of artificial intelligence (AI) in the workplace. This will ensure that AI meets the requirements of workers and has an impact on public policy.

The development of World ID 2.0 represents a huge step forward in the realm of decentralised identity verification. Worldcoin, a notable company in the blockchain technology industry, has taken this leap, according to official blog. Shopify, Minecraft,  Mercado Libre, Reddit, and Telegram are just some of the main digital sites that have been smoothly integrated with this breakthrough upgrade, which was revealed on December 12, 2023.

Who's Harry Potter?," explores a groundbreaking technique that allows large language models to selectively forget information. Microsoft researchers Mark Russinovich and Ronen Eldan demonstrated that AI models can be modified to erase knowledge of the Harry Potter books—characters, plots, and all—while maintaining their overall decision-making and analytical abilities. The choice of Harry Potter was deliberate, as the series is universally familiar, making it easy for researchers to evaluate the effectiveness of the technique.

The European Commission recently approved regulations making it tougher for unintended immigrants to settle down in the European Union. Collectively known as the new EU Pact on Migration, the rules are aimed at restricting the number of new immigrants into the EU, even as member states recognize the need for new workers given the number of ageing individuals. The net result, perversely, might well be an increase in the legal flow of skilled immigrants, such as medical or information technology professionals.