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India is witnessing a worrying trend of spurt in financial frauds. An IIT-Kanpur study shows that between January 2020 and June 2023, financial scams accounted for more than 75 per cent of all the cybercrimes that were reported in the country. Most of these financial scams were related to digital banking and UPI payments. Nowadays, cyber criminals have begun to target people by using the fault in the newly-launched Aadhaar-enabled Payment System (AePS).

₹2,717 crore for the three months ended 30 September from ₹2,616 crore a year ago, the company said in a statement to the stock exchanges. Sales rose 4% to ₹15,027 crore from ₹14,514 crore in the year-ago period, while advertising and promotion spending increased 11.4% to ₹1,720 crore during the quarter. The company said it delivered a “resilient and competitive performance" in the quarter, with an underlying volume growth of 2%.

Bihar Chief Minister and Janata Dal (United) leader Nitish Kumar on Thursday said 'You will remain connected to me as long as I live' while pointing to a Bhartiya Janta Party (BJP) leader. CM Nitish Kumar was speaking at the convocation ceremony of Mahatma Gandhi Central University in Motihari.

₹300 crore: That's the sum of money offered by the founder of Manipal Hospitals Group, Ranjan Pai, to Byju’s parent company Think & Learn Pvt Ltd, Mint reported. The transaction is expected to help a partial exit for the Chaudhry family from Aakash Educational Services. If the deal goes through, Pai's total investment in the group would reach $300 million.

On Tuesday, the New York Times and The Wall Street Journal put out alerts saying a blast at a Gaza hospital was caused by an Israeli airstrike, killing more than 500 people, citing Palestinian officials. It soon became clear the story wasn’t going to end there. Israel denied it was responsible.

WASHINGTON—President Biden reiterated his staunch support for Israel in the wake of attacks by Hamas militants during a visit to Tel Aviv on Wednesday. But back in the U.S., he’s faced criticism from progressives, Muslims and Arab-Americans, who say his sympathy for lost Palestinian lives and the humanitarian crisis in Gaza is too little too late. “I’ll vote for him.

LOUISVILLE—Humans have been digging ditches for thousands of years. Don Pemberton digs them just a bit quicker. Instead of using hands and shovels, he climbs into a souped-up, hot-rodded, 850-horsepower machine that digs trenches at 100 feet a minute, five times as fast as a normal machine used by utilities and excavators.

The world is interested in crypto. In the United States and European Union, individual investors have shown they are intrigued by its possibilities, while emerging economies are leveraging it to expand access to financial services. This, of course, is attracting the focus of legislators who want to both tap into crypto’s potential and ensure investors and consumers are well-protected. But with crypto’s international footprint, new and dynamic technologies, and built-in anonymity, it’s a challenge to protect users’ privacy and police unlawful activity.

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be «resolute» in its commitment to its 2% mandate.

₹50,000 tax just on interest income," says Tiwari, who did not want to be identified by her first name. Tiwari then got in touch with a certified financial planner who advised her to invest in mutual funds. “Some other people wanted me to buy savings-linked insurance products but I finally invested in mutual funds, fixed deposits and Kisan Vikas Patra for my daughter’s future," she says.

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean Peninsula, as Moscow draws closer to its partners and attempts to counter Western isolation. Russian Foreign Minister Sergei Lavrov backed the idea during his two-day trip to North Korea that ended Thursday, according to Russian state media.

Investing.com – Federal Reserve Chairman Jerome Powell on Thursday said the Fed is «proceeding carefully» on monetary policy decisions following a spike in Treasury yields that have helped tighten financial conditions «significantly,» though acknowledged that signs of ongoing economy growth could warrant further monetary policy tightening.  

England take on South Africa in the 2023 Rugby World Cup semi-final, all eyes will be set on Freddie Steward and Joe Marler. Steward was left out of the quarter-final win over Fiji, though he has been their first-choice full-back since his Test debut in July 2021. He has replaced Marcus Smith after he failed the return-to-play protocols after a knock in the quarter-final win over Fiji. Similarly, George Martin will come into the second row in place of Ollie Chessum.

Hamas's October 7 attacks sit at the top of Israel's hit list as it threatens that every member of the militant group faces death when it invades Gaza. Military strategist Mohammed Deif and political leader Yahya Sinwar have already spent time in Israeli or Palestinian jails and been the targets of multiple assassination attempts. The hunt for the two most senior Hamas leaders in the beleagueredGaza Strip will be fierce this time. In the war of words leading up to the impending ground offensive, Israel has said that Sinwar is «a dead man walking». Over 1,400 people, the majority civilians, have died since the October 7 attack in Israel, which has responded with an aerial bombing campaign on Gaza that has killed over 3,700 people, also mostly civilians. «Hamas terrorists have two options: Be killed or surrender unconditionally.

₹11,195.58 crore and bought stocks for ₹10,102.11crore, resulting in an outflow of ₹1,093.47 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹7,249.75 crore and offloaded shares worth ₹6,513.60 crore, resulting in an inflow of ₹736.15 crore, the exchange data showed. The BSE Sensex lost 0.38% to end at 65,629.24.

Netflix showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood's writers and actors, sending its shares up 14.5% on Thursday. Netflix capitalized on its heft in global production, as well as the economic hardships of its media rivals, to garner 247 million subscribers in the third quarter, a gain of nearly 9 million over the last three months. It was the greatest gain since the COVID-19 outbreak fueled unprecedented growth in early 2020. Netflix shares rose to $396.20, putting them on course for the biggest one-day percentage gain in nearly three years, with the company on track to add more than $22 billion to its market capitalization. «The management deserves an Emmy for managing investor expectations,» Bernstein analysts wrote in a note, adding that paid-sharing has opened up a bigger-than-expected market of potential subscribers for Netflix. Results from media rivals such as Walt Disney, Paramount Global and Warner Bros Discovery will show the impact of the industry's months-long work stoppage, which began in May with strike by Hollywood's writers. Members of the Writers Guild of America settled this month, though actors, who walked off the job in July, remain on strike. U.S.

By Lucia Mutikani

The suit relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product. Last year, customer assets were frozen after Genesis halted withdrawals following the FTX collapse. The suit alleges that Gemini lied to investors about Earn, repeatedly assuring customers that investing with Genesis through the programme was low-risk investment despite the fact that its own internal analyses showed that the company’s financials were risky.

Netflix as the streaming platform has increased its subscription fees from Wednesday. The decision has pushed its share prices up by 13%. According to LSEG, 9 million subscribers joined Netflix around the globe in the third quarter despite the writers' strike in Hollywood. It was more than the Wall Street analysts' forecast of 6 million. It is significant considering the fact that the bulk of Netflix's new sign-ups are shows and movies overseas.

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday.

Growing demand for alternative assets will add more than $8 trillion to assets under management in the next five years, to a total $24.5 trillion, according to a new report.