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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
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Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
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"Have 6 Months": Indian Man Diagnosed With Cancer In US, Seeks H-1B Guidance
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
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Fighting Brazil Ban, Elon Musk's X Names Legal Representative
Brazilian law requires foreign companies to name a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.
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Gujarat Man Sends 3 Men To Thailand, Sells Them To Foreign Company
Uttarakhand police has arrested a man from Gujarat for allegedly sending three youths to Thailand and selling them to a foreign company, officials said on Monday.
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North Korea To Open Borders For Foreign Tourists In December
North Korea will resume international tourism to its northeastern city of Samjiyon in December, and possibly the rest of the country, tour companies said on Wednesday.
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OpenAI's 2023 Breach Led to Hackers Stealing Company's AI Secrets: Report
A hacker gained access to the internal messaging systems at OpenAI last year, a Reuters report said, citing two people familiar with the matters. OpenAI executives did not consider the incident a national security threat, believing the hacker was a private individual with no known ties to a foreign government and decided not to share the news publi...
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"Headwinds That Tested Us Made Us Stronger": Gautam Adani On Short-Seller Attack
Adani Enterprises Chairman Gautam Adani today reflected on how in the past year the company fought to defend its integrity amid an attack by foreign short-seller Hindenburg.
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Foreign Attempt To Buy India's Haldiram's. Offer - USD 8.5 Billion For 76%
India's renowned food, sweet and snacks chain Haldiram's is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, in 1937.
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Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
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Binance CEO Richard Teng Summoned in Nigeria Over Money Laundering Suspicions: Report
Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.
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Singapore To Raise Salary Criteria For Foreign Professionals
Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday.
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Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
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How US Is Preventing China from Using Its Technology For Artificial Intelligence
The Biden administration is proposing requiring US cloud companies to determine whether foreign entities are accessing US data centers to train AI models, US Commerce Secretary Gina Raimondo said on Friday.
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NASDAQ Holds Talks With India About Local Companies Listing Shares Overseas
US stock exchange Nasdaq has held talks with Indian authorities on potentially allowing local Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said.
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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
-
Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
-
"Have 6 Months": Indian Man Diagnosed With Cancer In US, Seeks H-1B Guidance
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
-
Fighting Brazil Ban, Elon Musk's X Names Legal Representative
Brazilian law requires foreign companies to name a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.
-
Gujarat Man Sends 3 Men To Thailand, Sells Them To Foreign Company
Uttarakhand police has arrested a man from Gujarat for allegedly sending three youths to Thailand and selling them to a foreign company, officials said on Monday.
-
North Korea To Open Borders For Foreign Tourists In December
North Korea will resume international tourism to its northeastern city of Samjiyon in December, and possibly the rest of the country, tour companies said on Wednesday.
-
OpenAI's 2023 Breach Led to Hackers Stealing Company's AI Secrets: Report
A hacker gained access to the internal messaging systems at OpenAI last year, a Reuters report said, citing two people familiar with the matters. OpenAI executives did not consider the incident a national security threat, believing the hacker was a private individual with no known ties to a foreign government and decided not to share the news publi...
-
"Headwinds That Tested Us Made Us Stronger": Gautam Adani On Short-Seller Attack
Adani Enterprises Chairman Gautam Adani today reflected on how in the past year the company fought to defend its integrity amid an attack by foreign short-seller Hindenburg.
-
Foreign Attempt To Buy India's Haldiram's. Offer - USD 8.5 Billion For 76%
India's renowned food, sweet and snacks chain Haldiram's is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, in 1937.
-
Byju's Delays Salaries Again, Blames "Few Misguided Foreign Investors"
Embattled edtech company Byju's has informed its employees that there will "again" be a delay in disbursement of salaries.
-
Binance CEO Richard Teng Summoned in Nigeria Over Money Laundering Suspicions: Report
Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.
-
Singapore To Raise Salary Criteria For Foreign Professionals
Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday.
-
Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
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How US Is Preventing China from Using Its Technology For Artificial Intelligence
The Biden administration is proposing requiring US cloud companies to determine whether foreign entities are accessing US data centers to train AI models, US Commerce Secretary Gina Raimondo said on Friday.
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NASDAQ Holds Talks With India About Local Companies Listing Shares Overseas
US stock exchange Nasdaq has held talks with Indian authorities on potentially allowing local Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said.
