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IndiaTV Business: Google News Feed: Digest for March 28, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. 
Kiran Mazumdar-Shaw has retired as the independent director of the board in Infosys upon completion of her tenure, IT services major announced on Thursday. 
Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. The company has revised down its annual revenue and profit forecasts due to the worsening global economic outlook that is causing a decline in corporate spending on IT services. The news sent Accenture's shares up more than 4% before the bell.
Gold prices on March 24: In the last 24 hours, Gold prices surged by Rs 450 after seeing two days of successive drops. As of March 24, 2023 (Friday), 10 grams of 24 carat gold is at Rs 59,090 and 10 grams of standard gold (22 carat) is at Rs 54,120.
Do Kwon, the crypto entrepreneur from South Korea and Interpol fugitive, have been arrested from Podgorica, the capital of Montenegro. In May 2022, Do Kwon's blockchain TerraUSD and Luna went bust and erased $45 billion dollars of market capitalisation overnight. Immediately, after the confirmation of his arrest, US Prosecutors announced eight charges against Kwon, which includes Securities fraud, wire fraud and conspiracy. 
Jack Dorsey News: Block Inc, the payment and mobile banking services company co-founded by Jack Dorsey, has been accused of allowing fraudulent accounts to proliferate on its Cash App platform by Hindenburg Research. In a report released on Thursday, the short-seller alleged that the company generated illegitimate revenue and exaggerated user metrics by  dressing up predatory loans and facilitating fraud against consumers and the government, misleading investors with inflated metrics and avoiding regulation. The report claimed that the "magic" behind Block's business was not disruptive innovation, as is widely believed, but rather these fraudulent practices.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).
Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. The company has revised down its annual revenue and profit forecasts due to the worsening global economic outlook that is causing a decline in corporate spending on IT services. The news sent Accenture's shares up more than 4% before the bell.
Gold prices on March 24: In the last 24 hours, Gold prices surged by Rs 450 after seeing two days of successive drops. As of March 24, 2023 (Friday), 10 grams of 24 carat gold is at Rs 59,090 and 10 grams of standard gold (22 carat) is at Rs 54,120.
Do Kwon, the crypto entrepreneur from South Korea and Interpol fugitive, have been arrested from Podgorica, the capital of Montenegro. In May 2022, Do Kwon's blockchain TerraUSD and Luna went bust and erased $45 billion dollars of market capitalisation overnight. Immediately, after the confirmation of his arrest, US Prosecutors announced eight charges against Kwon, which includes Securities fraud, wire fraud and conspiracy. 
Jack Dorsey News: Block Inc, the payment and mobile banking services company co-founded by Jack Dorsey, has been accused of allowing fraudulent accounts to proliferate on its Cash App platform by Hindenburg Research. In a report released on Thursday, the short-seller alleged that the company generated illegitimate revenue and exaggerated user metrics by  dressing up predatory loans and facilitating fraud against consumers and the government, misleading investors with inflated metrics and avoiding regulation. The report claimed that the "magic" behind Block's business was not disruptive innovation, as is widely believed, but rather these fraudulent practices.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
Gold prices on March 24: In the last 24 hours, Gold prices surged by Rs 450 after seeing two days of successive drops. As of March 24, 2023 (Friday), 10 grams of 24 carat gold is at Rs 59,090 and 10 grams of standard gold (22 carat) is at Rs 54,120.
Do Kwon, the crypto entrepreneur from South Korea and Interpol fugitive, have been arrested from Podgorica, the capital of Montenegro. In May 2022, Do Kwon's blockchain TerraUSD and Luna went bust and erased $45 billion dollars of market capitalisation overnight. Immediately, after the confirmation of his arrest, US Prosecutors announced eight charges against Kwon, which includes Securities fraud, wire fraud and conspiracy. 
Jack Dorsey News: Block Inc, the payment and mobile banking services company co-founded by Jack Dorsey, has been accused of allowing fraudulent accounts to proliferate on its Cash App platform by Hindenburg Research. In a report released on Thursday, the short-seller alleged that the company generated illegitimate revenue and exaggerated user metrics by  dressing up predatory loans and facilitating fraud against consumers and the government, misleading investors with inflated metrics and avoiding regulation. The report claimed that the "magic" behind Block's business was not disruptive innovation, as is widely believed, but rather these fraudulent practices.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
Jack Dorsey News: Block Inc, the payment and mobile banking services company co-founded by Jack Dorsey, has been accused of allowing fraudulent accounts to proliferate on its Cash App platform by Hindenburg Research. In a report released on Thursday, the short-seller alleged that the company generated illegitimate revenue and exaggerated user metrics by  dressing up predatory loans and facilitating fraud against consumers and the government, misleading investors with inflated metrics and avoiding regulation. The report claimed that the "magic" behind Block's business was not disruptive innovation, as is widely believed, but rather these fraudulent practices.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
Parliament Budget Session: Amid the ongoing second leg of the Parliament Budget Session, the government, on Friday, announced that a committee under the finance secretary will be set up to improve the New Pension System (NPS). According to the information the step is being taken with a view to take care of the concerns of employees while maintaining fiscal prudence.

Akasa Air to hire nearly 1,000 people by March 2024

Friday 24 March 2023 01:19 PM UTC+00
The e-commerce and cloud computing conglomerate is currently working on a Non Fungible Token (NFT) related project. According to reports, after a subscription renewal for Prime Video, a streaming service of Amazon, the user received a confirmation email which read that digital token is now available in the gallery of the user. Moreover, the mail reads that the user can only sell the NFT after registering as a reseller. 
In the last 24 hours, Gold prices increased again and maintained their upward trend. On Saturday, Pure gold at 10 grams is currently priced at Rs 59,650 and standard gold at 10 grams is trading at Rs 54,640. On Friday, the gold prices were Rs 59,090 for 24 carat (10 gm) and Rs 54,120 for 22 carat (10 gm).

Gold prices remain constant over the weekend

Monday 27 March 2023 04:35 AM UTC+00
Gold Rates Today: Gold rates remains unchanged over the weekend for both 24 carat and 22 carat category. On March 27, 2023 (Monday), the price of Gold remains the same as on Saturday and Saturday. Currently, the 24 carat metal (10 grams) is priced at Rs 59,650 while 22 carat gold (10 grams) is at Rs 54,640.
Crypto News Today: Latin American nation, Venezuela, ceased all crypto mining and exchange operations in the country amidst corruption allegations. According to local sources and Venezuelan mining companies, energy was cut off for the mining and exchange companies which halted their operations. Last week, allegations emerged against government officials for operating an illegal oil business with the help of the national crypto watchdog, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP).
United States firm First-Citizens Bank & Trust Co. will buy the troubled Silicon Valley Bank after the Federal Deposit Insurance Corp's green signal. According to the FDIC statement, the sale involves the sale of all deposits and loans of SVB to First-Citizens.
In the Finance Bill 2023, passed by Lok Sabha on March 24, the government suggested raising the securities transaction tax on futures and options (F&O) contracts. The new development is expected to increase the trading costs in the derivatives segment as well as help in curbing excessive trades.
SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
India will be looking to push the rupee trade agenda with foreign countries during the G-20 meetings it is going to organise as part of its ongoing presidency of the forum, a senior bureaucrat said.
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