Paddy Cosgrave, the CEO and co-founder of Web Summit, a highly anticipated annual tech conference, has resigned from his position following controversy surrounding his comments on the Israel-Hamas war. The controversy led to the cancellation of attendance by major tech giants including Alphabet (parent company of Google), Meta (formerly known as Facebook), and Amazon. In…
Supreme Court to Determine Fundamental Right to Seek Remission in Bilkis Bano Case The Supreme Court has taken up petitions challenging the premature release of 11 convicts in the Bilkis Bano gangrape case and the murder of seven of her family members during the 2002 Gujarat riots. During the hearing, the court questioned whether convicts…
Kotak Mahindra Bank has achieved an impressive 24% increase in its standalone net profit for the quarter ending on September 30, reaching ₹3,191 crore. This remarkable growth can be attributed to improved core income and a decrease in non-performing loans. In comparison to the same quarter of the previous fiscal year, when the bank reported…
Yes Bank, a private sector lender based in the city, has announced a significant increase in its net profit for the September quarter. The bank reported a net profit of Rs 228.64 crore, marking a 47% increase compared to the same period last year. However, it should be noted that the bank’s net profit for…
Cathie Wood, the CEO and Chief Investment Officer of Ark Invest, revealed that the most common question on their website is why their strategies cannot be purchased in Europe. In an interview with CNBC’s “ETF Edge,” Wood stated that the demand for Ark’s research strategies from Europe accounts for approximately 25% of the total demand….
India Cracks Down on Tech Support Scammers to Combat Cybercrime India’s Central Bureau of Investigations (CBI), in collaboration with Amazon and Microsoft, has launched a crackdown on tech support scammers as part of efforts to combat finance-related cybercrime. The operation, known as Chakra-II, involved raiding approximately 76 suspected illegal call center locations across 12 Indian…
Calcutta High Court Demands Virtual Presence of CBI Director in Cash-for-Jobs Case The Calcutta High Court, currently overseeing the cash-for-jobs case, issued an order on Wednesday summoning the Central Bureau of Investigation (CBI) Director, Praveen Sood, to attend the court proceedings virtually on October 4th. Justice Abhijit Gangopadhyay expressed dissatisfaction with the slow progress of…
ICICI Bank, a private sector lender, has reported a significant increase in its standalone net profit for the September 2023 quarter. The bank’s net profit rose by 36% to ₹10,261 crore, compared to ₹7,558 crore in the same quarter last year. This boost in profit can be attributed to an increase in interest income. According…
Chinese Companies Face Complications in Listing on U.S. Stock Exchanges, Says Head of China at NYSE Chinese companies have a strong desire to list on U.S. stock exchanges, but the process has become more complicated, according to Kobe Ge, the head of China at the New York Stock Exchange. Despite the challenges posed by Covid-19…
War Sparks Debate on Campus and in Business World: Startups and VC Explain Hiring Stance The ongoing conflict between Israel and Hamas has fueled discussion and controversy on college campuses and in the business world. In light of recent events, two startup founders and a venture capitalist have made it clear that they will not…
