Asian Economics: Trending Business News From Asia
Here is some of the top news from Asia you need to know to stay updated on the region’s economic landscape. South Korea Plan To Invest $7 Billion In The Next 3 Years The South Korean President, Yoon Suk Yeol, announced on 9 April 2024 that the nation will invest $7 billion in artificial intelligence…
Abdullah Ansari
boAt Losses Data Of 7.5 Million Customers In Data Leak
One of India’s leading audio and wearable companies, boAt, has been the victim of a data breach that allegedly leaked the data of over 7.5 million customers. The homegrown audio company acknowledged the data breach on 8 April 2024, stating that the company is conducting an internal investigation to resolve the issue. A spokesperson from…
ABHYUDAYA MITTAL
An Upright & Conscientious Officer is the New NIA ChiefÂ
On Sunday, March 31st, Sadanand Vasant Date, renowned for his brave deeds during the 26/11 Mumbai attacks, took charge as the Director General of the National Investigation Agency (NIA), India’s principal counter-terrorism law enforcement agency. Sadanand assumed the role following Dinkar Gupta’s retirement on the same day. Colleagues describe Sadanand, a 1990-batch Maharashtra cadre IPS…
Srini Pallia Starts His Tenure As CEO And MD Of Wipro
One of India’s biggest technology services and consultancy companies, Wipro, announced on 6 April 2024 that they had appointed Srini Pallia as the new CEO and MD of the company. Srini Pallai will replace Thierry Delaporte, who worked as the CEO of the company for the last 4 years and is now leaving to pursue…
Chandan Kumar
Byju No Longer A Billionaire, Net Worth Falls To Zero
Recently, Forbes released its latest Billionaire Index 2024, revealing that Byju’s Raveendran’s net worth has plummeted to a big fat zero. Raveendran’s net worth a year ago stood at Rs. 17,545 crore, and he was featured on the ‘World Richest List’ of numerous prestigious magazines, but the recent hardships he faced have drowned his net…
Himanshu
Top News Round-Up From Asia
Asia is the fastest-growing region in the world, and as a result, new developments are taking place in the region. In this write-up, we will talk about the top news from Asia. Korean Firm Faces Growing Competition From China In Vietnam Many South Korean companies, like Samsung and LG, to name a few, have been…
ABFRL Announces Demerger Of Madura BusinessÂ
The ABFRL (Aditya Birla Fashion and Retail Limited) summoned a meeting on Monday to announce the demerger of Madura Fashion & Lifestyle Business. The company said it would raise growth capital within 12 months of the demerger to strengthen its balance sheet. The company said, “The proposed demerger will enable the creation of two separately…
Aman Goyal
New Financial Rules That Come Into Effect From April 1
The Indian government introduced major financial reforms during the parliamentary budget session Most of the new taxes and rules introduced by Nirmala Sitaraman come into effect today, April 1, including a new tax regime and new EPFO ( Employees’ Provident Fund Organisation) rules that might impact your retirement planning. Having a comprehensive understanding of these…
Bharti Hexacom IPO: Issue Date, Lot Size And Price Band
A subsidiary of one of India’s top telecom service providers, Bharti Hexacom, is said to launch its IPO in the coming month. The opening date of the IPO is April 3, and it will close on April 5. The size of the IPO is estimated to be around Rs 4,275 crore. The bidding for anchor…
Mumbai Is Asia’s Billionaire Capital For The First Time
For the first time, Mumbai has clinched the title of Asia’s billionaire capital. Shanghai-based Hurun Research Institute makes the announcement. With 92 billionaires, Mumbai, the Maximum City, is the third billionaire city after New York (119) and London (97). Two popular business tycoons, Mukesh Ambani, with $115 billion in assets, and Gautam Adani, with $86…
Shipra Prajapati