Binance has announced a significant recovery of over USD 73 million in user funds stolen through external hacks as of July 31, 2024. This achievement surpasses the approximately USD 55 million the exchange managed to recover throughout 2023.
Jimmy Su, Binance’s Chief Security Officer, emphasized the role of blockchain technology in enhancing security: “Blockchain technology provides a robust…
Equity Residential has announced a significant acquisition, agreeing to purchase 11 apartment properties from Blackstone’s real estate unit for approximately $964 million. This transaction, marking the largest apartment purchase by a public REIT in seven years, includes complexes located in Atlanta, Dallas/Fort Worth, and Denver. The 3,572 units are poised to enhance Equity Residential’s…
Shares of Zillow Group surged on Thursday following the company’s announcement of a new CEO and its better-than-expected second-quarter financial results. The real estate services firm revealed a narrower loss of $0.07 per share, significantly less than the previous year and well below analysts’ forecasts. Revenue for the quarter increased by 13% to $572 million, surpassing…
The Reserve Bank of India (RBI) has forecasted a robust 7.2% growth in the country’s real GDP for the fiscal year 2024-25, supported by a rise in both urban and rural demand. RBI Governor Shaktikanta Das announced this projection on Thursday, attributing the optimistic outlook to continued investment demand and rising consumption across sectors.
The RBI’s forecast breaks down the expected GDP…
Shares of Aadhar Housing Finance Limited, a company specializing in low-income housing finance, soared by 4.6% to ₹432 in Tuesday’s trading session. This surge follows the company’s announcement of a robust 37% year-on-year increase in net profits for Q1 FY24-25, reaching ₹200 crores.
At 10:49 AM, Aadhar Housing Finance shares were trading at ₹417.75, up 1.2% from the previous close of…
Tata Motors is banking on the upcoming FAME-III scheme and the festive season to invigorate its electric vehicle (EV) sales. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd, has urged for the prompt announcement of the FAME-III scheme, which he believes is crucial for reviving the current slowdown in four-wheel EV sales.
The end of the Faster Adoption and…
US Judge Rules Google an Illegal Monopolist: Future Implications and Potential Remedies
On Monday, Federal Judge Amit Mehta ruled that Google’s practices violate fair competition laws, a decision that could reshape the tech landscape. The ruling supports the US Department of Justice’s claim that Google’s exclusive default search agreements breach antitrust regulations. Mehta’s decision now…
Gentari Green Mobility India has unveiled the “Gentari Go” app, a significant advancement in the country’s clean energy landscape. The app integrates a range of sustainable solutions, including electric vehicle (EV) charging, home solar systems, and forthcoming test drive options.
Navjit Gill, Gentari’s Country Head for India, emphasized the company’s dedication to achieving net-zero…
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show cause notices to ten foreign airlines over an alleged ₹10,000 crore in unpaid taxes. The list includes major carriers such as Emirates, Lufthansa, British Airways, Singapore Airlines, and Oman Air.
The notices, dispatched over the past three days, address unpaid tax dues related to the import of services by…
Manish Tiwary, the head of Amazon India’s operations, has announced his resignation to explore new opportunities, concluding an eight-year tenure with the e-commerce giant. Tiwary, who joined Amazon India from Unilever in 2016, has served as vice president before becoming country manager in 2020. In his role, he led the consumer and seller services vertical for four years.
Tiwary will remain…
