President Financial News

South Korea’s Supreme Court has jailed a crypto fraudster who amassed $153 million for 10 years, upholding a sentence handed out in February.

Parliament (MPs). A total of 141 MPs, 95 from Lok Sabha and 46 from Rajya Sabha, were suspended following a ruckus over the opposition's demand for a statement from Union Minister Amit Shah on the Parliament security breach incident. Here are the restrictions imposed on suspended MPs:

After a sharp rally in the mid cap and small cap stocks, it’s obvious to expect that large caps will see a churn and play catch up. However, this may not always be the case, believes Devendra Singhal, executive vice president and fund manager, Kotak Mutual Fund. “This is the general view currently that large caps should tend to do better than the midcaps and small caps, and we largely abide by this view, but would say that money would chase growth rather than chasing largecaps/smallcaps or midcaps,” Singhal said in an interview with ETMarkets. Edited excerpts: How has the year 2023 largely been for the funds managed by you? The year has been excellent so far in terms of the fund’s performance. All the funds managed by me are in the top quartile since the start of the calendar year. We would endeavour to continue delivering such performance in the coming year as well.

'Opposition-less' Parliament? How many MPs are left after record suspensions Union Minister for Information and Broadcasting, Anurag Singh Thakur to move that the Bill to provide for press, registration of periodicals and matters connected therewith or incidental thereto, as passed by Rajya Sabha, be taken into consideration. Besides, the Bill to consolidate and amend the law relating to Criminal Procedure will also be taken into consideration on Wednesday.

doubled down on anti-immigrant “blood" purity remarks in front of several thousand supporters in New Hampshire. “They’re poisoning the blood of our country," Trump said in New Hampshire about the record numbers of immigrants coming to the U.S.

Vivek Ramaswamy has pledged to exit the GOP primary ballot in Colorado following the state Supreme Court's ruling that ousted former President Donald Trump from the ballot. The recent ruling by a court comprising justices appointed by Democratic governors signifies a historic moment, as it marks the first instance in history where Section 3 of the 14th Amendment has been applied to disqualify a presidential candidate, as reported by AP.

Donald Trump disqualified from 2024 ballot in Colorado, says court "A majority of the court holds that former President Trump is disqualified from holding the office of President under Section Three of the Fourteenth Amendment to the United States Constitution," the court wrote. Vivek Ramaswamy withdraws from Colorado ballot following Donald Trump's removal It is the first time in history that the court used Section 3 of the 14th Amendment to disqualify a presidential candidate. However, the Colorado court stayed the decision to allow Donald Trump to appeal, which his campaign said he plans to do.

The financial sector's battle against fraud requires a dynamic and multi-faceted approach. As technology continues to advance, so do the tactics of fraudsters seeking to exploit vulnerabilities in the financial sector. The financial sector faces escalating threats in 2024, including deepfake fraud, phishing 2.0, blockchain exploitation, insider threats, and AI-powered fraud.

Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter.

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

generative artificial intelligence and how to test and safeguard systems. The Commerce Department's National Institute of Standards and Technology (NIST) said it was seeking public input by Feb. 2 for conducting key testing crucial to ensuring the safety of AI systems.

By Stella Qiu

By Brigid Riley

A divided Colorado Supreme Court on Tuesday declared former president Donald Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot, setting up a likely showdown in the nation’s highest court to decide whether the front-runner for the GOP nomination can remain in the race.

Google Maps, Namma Yatri, and Open Network for Digital Commerce (ONDC) will help users get an end-to-end seamless experience in open mobility, senior executives from the three organisations told ET in a joint interaction. ONDC—the government-backed open network for online commerce—is, for example, working with Namma Yatri and Google Maps to onboard mobility options such as local trains, autorickshaws, cabs, and metro.

Colorado Supreme Court on Tuesday declared former President Donald Trump ineligible for the White House under the U.S. Constitution's insurrection clause and removed him from the state's presidential primary ballot, setting up a likely showdown in the nation's highest court to decide whether the front-runner for the GOP nomination can remain in the race. The decision from a court whose justices were all appointed by Democratic governors marks the first time in history that Section 3 of the 14th Amendment has been used to disqualify a presidential candidate.

Buy or sell stocks for today: After weak opening during morning deals, Indian stock market recovered from early losses and ended marginally higher on Tuesday. Nifty 50 index gained 34 points and ended at 21,453 levels, BSE Sensex surged 122 points and closed at 71,437 mark whereas Bank Nifty index added 3 points and closed at 47,870 levels.

Gibran Rakabuming Raka, a vice presidential candidate in the upcoming Indonesian election, aims to accelerate Indonesia’s position as a leader in the digital revolution by cultivating expertise in blockchain and cryptocurrencies.

Alphabet Inc. will pay $700 million and alter its Google Play policies to settle claims that the app store unlawfully dominates the Android mobile applications market, resolving antitrust complaints brought by attorneys general of about three dozen states and consumers. The deal, disclosed in a court filing late Monday, calls for changes to Play Store policies to reduce barriers to competition in the markets for app distribution and payment processing.

Harvard College received 17% fewer applications for early admission from high school seniors this year, according to the school’s website. The drop comes after incidents of antisemitism on campus in the wake of the Oct. 7 attack on Israel by Hamas.

₹58,378 crore in FY24. A significant portion of it will go towards fertilizer subsidies and Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA). On 6 December, minister of state for finance, Pankaj Chaudhary, presented the first set of additional spending requests seeking the Parliament’s approval on behalf of the Centre.