The Adani-Hindenburg saga has taken a new turn, with Kotak Bank being dragged into the controversy. Here’s a breakdown of the accusations and how they relate to Kotak Bank and its founder, Uday Kotak. Hindenburg’s Allegations: What it Means: Kotak Bank’s Response: The Unfolding Story: Impact: What to Watch Out For: This is a fast-moving…
In a significant shift within the world’s wealthiest individuals, Steve Ballmer, the former CEO of Microsoft Corporation (MSFT), has surpassed his longtime colleague Bill Gates to become the sixth richest person globally. This marks the first time Ballmer’s net worth has outpaced Gates’, a noteworthy development for the Microsoft co-founders. The primary drivers behind this…
Hindenburg Research, the short-selling firm that published a critical report on the Adani Group in January 2023, has formally responded to a show cause notice issued by the Securities and Exchange Board of India (SEBI). The SEBI notice alleges that Hindenburg’s report contained misrepresentations and inaccurate information that could mislead investors. In a statement released…
While there have been improvements since the peak of the global food crisis in 2022 and 2023, many countries around the world are still facing food shortages due to a variety of factors, including: Here are some of the countries that have been experiencing food shortages in 2024: It is important to note that this…
The global ethylene industry is on the cusp of a transformative era, with Asian nations anticipated to spearhead this growth trajectory. According to a recent report by Global Data, a leading industry analyst firm, nearly half (47%) of all new ethylene capacity additions between 2019 and 2030 will stem from Asia [1]. This dominance can…
In a decisive shift within the technology sector, Nvidia Corporation (NASDAQ: NVDA) has surpassed Microsoft Corporation (NASDAQ: MSFT) to claim the title of the world’s most valuable company by market capitalization. This ascension follows a sustained surge in Nvidia’s stock price, driven by the burgeoning field of artificial intelligence (AI). On Tuesday, Nvidia’s share price…
In a move that surprised many within the financial technology industry, Apple announced this week the discontinuation of its in-house buy now, pay later (BNPL) service, Apple Pay Later. Launched in the United States in October 2023, the service enabled users to split purchases into four interest-free installments. This decision marks a strategic pivot for…
Taipei, Taiwan – June 18, 2024 – Cisco Systems Inc. (NASDAQ: CSCO), a leading provider of networking equipment, unveiled plans to establish a cybersecurity center in Taiwan. This initiative forms a key pillar of Cisco’s “Taiwan Digital Acceleration Plan 3.0,” underscoring the company’s commitment to enhancing cybersecurity in the region. The new center will focus…
Infosys, a leading Indian multinational information technology company, has announced a comprehensive relocation package to incentivize employee transfers to its new development center in Hubballi, India. The Hubballi campus, operational since 2022, boasts a capacity of 5,000 IT professionals, and Infosys seeks to fill these positions with the help of this strategic program. Details gleaned…
A recent development from Switzerland blurs the lines between science fiction and reality. FinalSpark, a biocomputing startup, has unveiled a biocomputer that leverages living human brain cells, rather than traditional silicon circuits. This groundbreaking technology, known as the Neuroplatform, signifies a potential paradigm shift in computing, offering the prospect of vastly increased processing power with…