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Rajya Sabha Passes Bill Seeking Boost In Investment In Oil, Gas Exploration
The Rajya Sabha on Tuesday passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector.
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Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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UK PM Rishi Sunak To Announce New Initiative For Developing Climate-Resilient Crops
British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday.
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Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
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Disney Said to Approach Court in Legal Challenge Against Google's In-App Billing System
Disney is said to have approached a court in India in a legal challenge to the search giant's in-app billing system, weeks after the Competition Commission of India opened an inquiry into Google in May after complaints from Match and startups in the country. The CCI last year fined Google and directed it to allow the use of third-party billing sys...
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Bill Gates Says Pausing AI Development Will Not Solve Challenges Ahead
Calls to pause the development of artificial intelligence will not “solve the challenges” ahead, Microsoft co-founder Bill Gates told Reuters, his first public comments since an open letter sparked a debate about the future of the technology.
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Joe Biden Issues First Veto, Overriding Republican Investment Bill
US President Joe Biden wielded his veto pen for the first time Monday, overriding a Republican-led bill that would bar retirement fund asset managers from taking into account environmental, social and governance factors.
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Bill Gates Invests In Start-Up That Aims To Stop Cow Burps To Tackle Climate Change
Animals like cows, goats and deers produce greenhouse gas, methane, when their stomachs break down hard fibres for digestion.
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El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
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Government's New Data Protection Bill To Hit Investments In Data Centres
The government's proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres.
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TikTok Could Face US Ban as Lawmakers Announce Bipartisan Bid to Block App Over Spying, Censorship Concerns
TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.
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Tether Has Cut All Commercial Paper Exposure From Reserves
Tether has completely eliminated commercial paper from its reserves. The largest stablecoin provider announced the milestone today in a blog post saying that it would replace those investments with the US Treasury Bills.
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US President Joe Biden to Sign $280 Billion CHIPS Act to Boost US Semiconductor Production
US President Joe Biden will sign the $280 billion (roughly Rs. 22,27,410 crore) CHIPS Act on Tuesday, the White House has announced. The new bill is designed to incentivise investments in the US chip industry to ease US reliance on overseas supply chains for critical, cutting-edge goods. Micron is announcing a plan to boost domestic manufacturing o...
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CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
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Rajya Sabha Passes Bill Seeking Boost In Investment In Oil, Gas Exploration
The Rajya Sabha on Tuesday passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector.
-
Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
UK PM Rishi Sunak To Announce New Initiative For Developing Climate-Resilient Crops
British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday.
-
Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
-
Disney Said to Approach Court in Legal Challenge Against Google's In-App Billing System
Disney is said to have approached a court in India in a legal challenge to the search giant's in-app billing system, weeks after the Competition Commission of India opened an inquiry into Google in May after complaints from Match and startups in the country. The CCI last year fined Google and directed it to allow the use of third-party billing sys...
-
Bill Gates Says Pausing AI Development Will Not Solve Challenges Ahead
Calls to pause the development of artificial intelligence will not “solve the challenges” ahead, Microsoft co-founder Bill Gates told Reuters, his first public comments since an open letter sparked a debate about the future of the technology.
-
Joe Biden Issues First Veto, Overriding Republican Investment Bill
US President Joe Biden wielded his veto pen for the first time Monday, overriding a Republican-led bill that would bar retirement fund asset managers from taking into account environmental, social and governance factors.
-
Bill Gates Invests In Start-Up That Aims To Stop Cow Burps To Tackle Climate Change
Animals like cows, goats and deers produce greenhouse gas, methane, when their stomachs break down hard fibres for digestion.
-
El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
-
Government's New Data Protection Bill To Hit Investments In Data Centres
The government's proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres.
-
TikTok Could Face US Ban as Lawmakers Announce Bipartisan Bid to Block App Over Spying, Censorship Concerns
TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.
-
Tether Has Cut All Commercial Paper Exposure From Reserves
Tether has completely eliminated commercial paper from its reserves. The largest stablecoin provider announced the milestone today in a blog post saying that it would replace those investments with the US Treasury Bills.
-
US President Joe Biden to Sign $280 Billion CHIPS Act to Boost US Semiconductor Production
US President Joe Biden will sign the $280 billion (roughly Rs. 22,27,410 crore) CHIPS Act on Tuesday, the White House has announced. The new bill is designed to incentivise investments in the US chip industry to ease US reliance on overseas supply chains for critical, cutting-edge goods. Micron is announcing a plan to boost domestic manufacturing o...
-
CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
