Author: News Desk
The corporation run by multibillionaire investor Warren Buffet, Berkshire Hathaway, has sold all of its stock in digital payment startup Paytm. The multinational corporation ultimately sold a sizable loss on its 2.46% investment in One97 Communications, the parent company of Paytm. Through BH International Holdings, an associate firm, Berkshire Hathaway sold its interest in Paytm. The fintech company Paytm sold more than 1.56 million shares on the National Stock Exchange (NSE) for INR 620 crore loss. According to an official document, the company paid INR 1,279.7 per share, or INR 2,179 crore, for a 2.6% interest in Paytm. Based on…
In a few years, influencer marketing might drastically change as a result of AI-generated models. Consider Aitana, Spain’s first AI model, to get an idea of how much money agencies can make with AI-generated models. Aitana, a 25-year-old Barcelona native with pink hair who was introduced by the Spanish design firm The Clueless, has grown to become a well-known influencer with over 121,000 Instagram followers and a successful profession that earns her up to €10,000 per month in endorsements. The agency wanted a model that could be more dependable and not be affected by the problems that come with using…
During the Starship rocket launch, Elon Musk, the CEO of SpaceX and Tesla, reportedly ran into his father Errol Musk after a seven-year absence. Elon met Errol while he was in Austin, Texas, to spend time with his kids, and Errol and his family witnessed the Starship launch with regional and foreign visitors last Saturday from a VIP platform. “They talked for quite some time. Seeing this with our daughters made me feel really touched. We were at a loss for words,” Heide Musk, Errol’s ex-wife, said. She added that after spending so much time together, the family was emotional.…
The Government of India’s Preferential Market Access Policy-compliant PCs featuring a motherboard made in India were introduced by Lenovo, the country’s second-largest PC manufacturer. According to Lenovo India Chief Operating Officer Saurabh Agrawal, this is a major turning point in building and growing the company’s manufacturing presence in India. With more than 50% of components for a chosen range of goods being fulfilled by local manufacturers, Lenovo will now be eligible for the Class 1 PMA classification, according to Agrawal, who made this announcement to reporters at the company’s Puducherry factory. With a planned investment to support local R&D and…
Prior to the next General Elections in April-May 2024, the Indian government intends to increase the monetary disbursements of its PM-Kisan direct benefit transfer system from the present amount of INR 6,000 to an annual total of INR 7,500. Following a statement in the Budget, the amended installment is expected to be sent prior to the Holi holiday in the fourth quarter of the 2023–2024 fiscal year. Even though the PM-Kisan scheme’s actual spending for 2021–2022 is estimated to be INR 66,825.11 crore, its budgetary allotment could rise to INR 1,00,000 crore from the current amount of INR 60,000 crore.…
The Reserve Bank added 19 more companies, including FX SmartBull, Just Markets, and GoDo FX, to the ‘Alert List’ of unapproved forex trading platforms on Friday, bringing the total to 75, according to a PTI report. The Alert List includes the names of organizations that are not permitted by the Foreign Exchange Management Act of 1999 (FEMA) or the Electronic Trading Platforms (Reserve Bank) Directions of 2018 to deal in foreign exchange or to run electronic trading platforms (ETPs) for forex transactions. The public has been reportedly cautioned by the RBI not to engage in foreign exchange transactions or send…
Customs officials are intensifying efforts to intercept passengers transporting unauthorised quantities of gold in their hand baggage. A collaborative initiative between the Dubai Multi Commodities Centre (DMCC) and the World Gold Council is gaining momentum to standardise international regulations and procedures, addressing the challenge of illicit gold trade by travellers and bridging gaps in responsible sourcing and gold trade. The Growing Challenge: Reports from Khaleej Times reveal an increasing number of intercepted attempts to hand-carry gold illicitly. The DMCC and World Gold Council are taking decisive steps to combat this issue, particularly as travellers from the UAE, India, China, Pakistan,…
Elon Musk’s electric vehicle giant, Tesla Inc., is exploring the possibility of establishing a manufacturing plant in India, contingent upon the Indian government approving a concessional duty of 15% on imported vehicles during the initial two years of operations. Sources suggest that Tesla has initiated discussions with the Indian government to outline its proposed investment and the potential import quantities subject to reduced duties. Tesla’s Investment Proposal: In a bid to solidify its presence in India, Tesla has put forth a substantial investment proposal of up to $500 million. This investment could materialise if the government extends concessional tariffs for…
Social media platforms will have seven days to bring their terms of service and other policies into compliance with Indian laws and regulations, according to a statement from the Ministry of Electronics and Information Technology (MeitY). This will allow the platforms to properly address the problem of deepfakes on them. This decision was communicated during a discussion on the subject of deepfakes between social media sites and Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology. According to Rule 3(1)(b) of the present IT Rules, which requires the removal of 12 types of content within 36 hours of…
Taj Hotels group, owned by Tata, reportedly experienced a data breach that resulted in the exposure of over 1.5 million client records. A malicious actor going under the pseudonym “Dnacookies” has reportedly requested $5,000 (about INR 4.16 lakh) as ransom for the entire dataset, according to an ET report. As per close sources, it contains addresses, membership IDs, mobile numbers, and other personally identifiable information. Prior to requesting a ransom, the threat actor maintained three criteria and asserted that the customer data had not yet been revealed to anyone. The threat actor’s first demand was for there to be an…