Companies given deadline to relocate regional headquarters in Saudi Arabia

Saudi Arabia Maintains Ultimatum for Foreign Companies to Establish Regional HQs in the Kingdom By Pierre Herubel In a surprising move back in February 2021, the Saudi government announced that international companies would need to establish their regional headquarters in Saudi Arabia by January 1, 2024, or risk losing lucrative government contracts. This bold ultimatum…

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On October 17, Supreme Court to Begin Hearing on Legitimacy of Section 6A of Citizenship Act in Assam Illegal Immigrants Case.

Supreme Court to Begin Hearing on the Constitutional Validity of Section 6A of Citizenship Act in Assam September 20, 2023, 14:20 IST – In a significant development, the Supreme Court announced on Wednesday that it will commence hearing on October 17 to examine the constitutional validity of Section 6A of the Citizenship Act. This section…

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Highest-ever sales lead to Maruti Suzuki Q2 profit surge of over 80%

Maruti Suzuki, India’s leading car manufacturer, has just announced a remarkable 80.3% surge in net profit for the July-September quarter. The company attributed this growth to multiple factors, including record-breaking sales, declining commodity prices, cost reduction efforts, and increased non-operating income. Previously, Maruti Suzuki had reported a net profit of Rs 2,061.5 crore in the…

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MEA Advisory for Indians in Canada Encourages Extreme Caution Amid Diplomatic Dispute Regarding Khalistan Issue

India has issued an advisory to its citizens living in Canada, as well as those planning to travel there, urging them to exercise caution due to the growing anti-India activities and politically-condoned hate crimes in the country. The Ministry of External Affairs (MEA) released a statement following a diplomatic dispute between India and Canada over…

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Experts weigh in on Meta’s better-than-expected earnings, but express concerns about the company’s advertising outlook for the fourth quarter.

Investors and analysts have been reacting to the latest developments surrounding Meta, the tech giant formerly known as Facebook. Market Movers has compiled the insights of industry professionals, including renowned financial commentator Jim Cramer, following Meta’s third-quarter financial report. The company revealed a remarkable 23% increase in revenue, its highest growth rate since 2021, largely…

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