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The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7.5 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.

In September, Salame pled guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed money transmitting business. Salame was a close ally to FTX founder Sam Bankman-Fried, who in March was sentenced to 25 years in prison for stealing $8 billion from customers. Between 2019 and 2021, Salame was a high-ranking official at Bankman-Fried's quantitative crypto trading firm Alameda Research.

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organisations working on behalf of women and families globally, including on reproductive rights in the US. French Gates earlier this month announced she would step down from the women and families. French Gates, one of the biggest philanthropic supporters of gender equity in the US, said Tuesday in a guest essay for The New York Times that she's been frustrated over the years by people who say it's not the right time to talk about gender equality. «Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone,» she wrote.

Gold and silver prices today on 28-05-2024: Check latest rates in your city“Gold is trading slightly lower on profit-booking after yesterday’s sharp up-move, as some caution is seen among traders ahead of the inflation data from Germany/ Eurozone and U.S., which could influence the policy decision of the European Central Bank and U.S. Fed, respectively.

Nearly half of Americans who plan to go to the polls in November anticipate including cryptocurrencies in their future investment portfolios, according to new survey findings from Grayscale Investments.

Consumer confidence in the U.S. rose in May following three straight months of declines, but Americans remain anxious about elevated inflation and interest rates

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States

OpenAI says it’s setting up a new safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot

night-time warming in over 140 prominent Indian cities compared to non-urban areas surrounding them, a new research from the Indian Institute of Technology Bhubaneswar has found. According to the research, Ahmedabad, Jaipur and Rajkot had the highest urban effect, while Delhi-NCR and Pune were found to be at the fourth and fifth position, respectively. Urbanisation is known to be responsible for the urban heat island (UHI) effect, in which the concrete and asphalt (used in constructing roads and pavements) surfaces store heat during the day and release it in the evening, thereby raising night-time temperatures. Over time, this heat further affects other aspects of climate, including rainfall and pollution, researchers said in the study published in the journal Nature Cities.

Thapar Institute of Engineering and Technology (TIET) on Tuesday said it will soon submit a proposal to Indian Space Research Organisation (Isro) for launching of its first student satellite 'Thaparsat' to monitor pollution in north India. The Thapar satellite program aims to monitor environment issues and real-time pollution levels in Punjab and the northern region of India, a statement said. Taking a step towards imparting experiential education to its students in engineering and technological development involved in satellite building and space missions, the Thapar Institute of Engineering and Technology started the Thapar Satellite Program four years ago, it stated. The purpose of the satellite is to monitor real-time pollution caused by greenhouse gases like carbon dioxide, methane and nitrous oxide and to measure soil moisture content in northern India.

Minority shareholders are expected to benefit from the demerger of ITC's hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES, come ahead of the June 6 meeting of shareholders of ITC to consider and approve the demerger proposal. According to proxy advisory firm ISS, the demerger may unlock value for its shareholders and improve ITC's return ratios.

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Defunct crypto exchange Mt. Gox transferred about 137,000 Bitcoin, valued at roughly $9.3b, in early Asian hours on Tuesday, according to data from Arkham Intelligence. These massive transfers were sent to a single anonymous wallet, ahead of Mt. Gox’s schedule to reimburse BTC holdings to creditors by October.

A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk’s xAI

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

Wipro on Tuesday announced a partnership with the Centre for Brain Research (CBR) to leverage the power of Artificial Intelligence (AI), Machine Learning (ML), and big data analytics for health behaviour innovations. CBR is an autonomous, non-profit research organisation, hosted at the Indian Institute of Science (IISc). A release announcing the collaboration between Wipro and Centre for Brain Research said the partnership will «focus on harnessing the power of AI, ML and big data analytics to develop new technologies that will provide precision support towards the prevention and management of long-term health disorders».

Buy or sell stocks for today: Despite strong global cues, the Indian stock market remains range-bound and ended flat on Monday. The Nifty 50 index finished 24 points lower at 22,932 after touching a new peak of 23,110 mark.

Zomato and Swiggy working towards making existing customers order more frequently to drive growth. In fiscal 2024, Zomato’s average monthly transacting user base grew 8% year-on-year to 18.4 million. The pace of growth was 16% in the previous fiscal year.

affordable 5G handsets weighed on average smartphone prices in India in the quarter ended March, halting a price surge after 12 quarters. Average selling prices (ASP), an indicator of how much people are paying for their handsets on average, were flat sequentially in the first quarter at $263, said market research firm IDC India. This follows a double-digit rise in ASPs over the last three years amid a growing appetite for higher-priced handsets since the pandemic. Flat ASP in the March quarter was largely due to a 22% on-year rise in shipments of mass budget phones priced at $100-200 at 16.3 million units, compared with 13.4 million units a year earlier, marking a resurgence from previous quarters. “The mass budget segment of $100-200 which holds the majority share was declining but has seen a revival in beginning of 2024 with affordable 5G offerings and is expected to either remain flat or grow in coming quarters,” said Upasana Joshi, senior research manager, IDC India.

committee will examine if manufacturing of nutraceuticals should be allowed within drug manufacturing facilities. India's drug regulator had said earlier that action will be taken against those flouting norms by manufacturing supplements and drugs in the same facility. However, following objections raised by various pharma lobbies, the drug regulator has formed a committee that will give its recommendations within three weeks on the issue. The committee comprises senior officials from the regulatory authority, experts from the National Institute of Pharmaceutical Education and Research (NIPER) and an industry expert.

Honasa Consumer, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it has acquired cosmetic formulation maker CosmoGenesis Labs for an undisclosed amount. This acquisition will help the company, which was listed in November last year, to have a significant leap in research-driven innovation, the company said. CosmoGenesis boasts of extensive expertise in various facets of cosmetics, coupled with rich experience in natural & organic formulations, it said. Commenting over the development, Honasa Consumer CIO and Co-Founder Ghazal Alagh said this alliance with CosmoGenesis will exponentially increase Honasa's ability to research new trends with greater efficiencies and help craft best-in-class products.