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Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy

Indian tax authorities are seeking dues of $101 million from education-technology company Byju's, once the country's biggest startup which is now undergoing an insolvency process, claim documents reviewed by Reuters on Friday showed. Backed by General Atlantic, Byju's was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company's insolvency that led to an assets freeze.

Lotus Global Investments and LTS Investment Fund, have moved the Securities Appellate Tribunal (SAT) seeking relief from compliance with the September 8 deadline, to liquidate their Indian listed securities portfolio, beyond the specified thresholds set by the Securities Exchange Board of India (Sebi). Both these funds were linked to the Adani Group in the January 2023 Hindenburg report. These funds have sought time till March 31, 2025, to comply with Sebi's new foreign portfolio investors (FPI) concentration norms to unwind their portfolios.

right to food accused Israel of carrying out a "starvation campaign" against Palestinians during the war in Gaza, an allegation that Israel vehemently denies. In a report this week, investigator Michael Fakhri claimed it began two days after Hamas' surprise attack in southern Israel that killed some 1,200 people, when Israel's military offensive in response blocked all food, water, fuel and other supplies into Gaza. Israeli Prime Minister Benjamin Netanyahu said accusations of Israel limiting humanitarian aid were «outrageously false».

IndiGo Airlines issued an apology on Saturday after passengers aboard the Delhi-Varanasi flight faced difficulties after the aircraft's air conditioning system malfunctioned and led to chaotic conditions in the aircraft. Responding to the entire matter, sources within IndiGo stated that the AC was functioning properly, but a temperature shift caused the cabin to heat up, leading to panic among the passengers. «We extend our apologies for the inconvenience experienced on flight 6E 2235 operating from Delhi to Varanasi on September 5, 2024,» read a press statement from the airlines.

investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here's your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam and Naomi Rovnick and Amanda Cooper in London.

Bina Modi has been reappointed as managing director of Godfrey Phillips India as she got the required 75% of the company's shareholders to vote in her favour at the culmination of the company's annual general meeting on Friday, as per a stock exchange disclosure. The widow of KK Modi will turn 80 next week and is locked in a boardroom battle with her sons Samir and Lalit Modi, who are contesting her control over a family trust that they want dissolved.

Scoot flight from Singapore to the Chinese city of Guangzhou hit turbulence. One person was taken to the hospital, The Straits Times reported. Scoot said the flight encountered turbulence as it was approaching Guangzhou on Friday morning, adding that the Boeing 787-9 Dreamliner aircraft landed uneventfully at 9.10 am local time. Scoot flight TR100 departed from Singapore around 5.45 am, The Straits Times said, citing data from flight-tracking website FlightRadar24.

U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a raft of proposed banks capital rules as soon as Sept. 19, Bloomberg News reported on Friday, citing people familiar with the matter. The revisions could run up to 450 pages and would include key changes to rules that center on operational risk provisions including a reduction in the capital that banks must allocate against business lines like wealth-management services and certain credit-card operations, the report added. The new revised proposal would also reduce the market-risk requirement for the country's biggest lenders, which would not face as stringent requirements around mortgages or tax-equity exposures, the report said.

iPhone 15 Pro Max by ditching the 128GB variant of the smartphone and instead starting with a 256GB one. Notably, the iPhone 15 Pro Max started with a base storage of 256GB and came at the same price as its predecessor for the 256GB variant.The Trendforce report suggests that while the price of the iPhone 16 Pro could increase on paper, this could be mitigated for users by the addition of a premium tetraprism periscope lens and 256GB of base storage.Moreover, Apple's choice of 256GB base storage for the iPhone 16 Pro could have a major impact on next year's iPhone line-up.

Israeli strikes on a school sheltering refugees and a residential building in Gaza, the Palestinian Authority's official news agency WAFA reported early on Saturday. At least eight of the dead were in refugee tents at Halima al-Sa'diyya School in Jabalia in northern Gaza, WAFA said. The Israeli army said in a statement it had «conducted a precise strike on terrorists who were operating inside a Hamas command and control centre… embedded inside a compound that previously served as the 'Halima al-Sa'diyya' School in the northern Gaza Strip.»

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

SlateStone Wealth chief market strategist Kenny Polcari reacts to August’s unemployment rate during an appearance on ‘Varney & Co.’

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MSKA & Associates, the audit firm of embattled edtech startup Byju's, has informed the company's board of its resignation as statutory auditor with immediate effect, said two people aware of the development. This will affect the firm's audit for FY23 accounts. It had been appointed for a five-year term ending FY27. In the resignation letter, the auditor also cited a suspicious transaction related to Dubai-based reseller More Ideas General Trading LLC that had been reported to the ministry of corporate affairs (MCA) on September 2, said the people quoted above. This involves recovery of about ₹1,400 crore from the reseller. ET had reported February 19 that investors in Byju's had raised red flags over the management's failure to recover dues in this particular transaction.

capital gains. This will only be applicable to individuals whose net worth is above $100 million, meaning that the state will tax rich individuals if the value of their assets increase, even if they don't sell anything.

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Tata Sons FY24 annual report. The group's digital and electronics business grew 148% to Rs 1,612 crore, with net losses widening to Rs 2,223 crore from Rs 1,723 crore. Tata Sons is the holding company of the Tata Group. Air India, privatised in 2022, recorded its highest-ever consolidated revenue of Rs 51,365 crore in FY24, a 24% increase over the previous year, driven by a growth in capacity to 105 billion available seat kilometres (ASKM) and an improvement in passenger load factor to 85%.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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