business news

In a chilling demonstration of the capabilities of deepfake technology, a multinational company in Hong Kong has fallen prey to a sophisticated scam amounting to a staggering $25.6 million (over ₹200 crore). Hong Kong police have revealed that the perpetrators orchestrated the entire fraud through the ingenious manipulation of video conferencing, utilizing deepfake technology to create convincing replicas of company personnel.

In a significant move, the Telangana government has received approval from the state cabinet to transition from 'TS' to 'TG' as the official abbreviation on vehicle registration number plates, according to reports from PTI. Additionally, the cabinet has endorsed the adoption of 'Jaya Jaya He Telangana,' a renowned composition by poet Ande Sri, as the official state song.

In a recent report by the Wall Street Journal (WSJ), allegations have surfaced regarding Elon Musk's purported use of "illegal drugs," known to certain serving and former directors of Tesla and SpaceX. Despite concerns among some board members, the report claims that there has been no public action or initiation of an investigation into the matter. This revelation comes a month after the WSJ disclosed Musk's use of several drugs, some of which are banned in the US.

In a public meeting in Odisha, Prime Minister Narendra Modi introduced the concept of 'Modi’s Guarantees,' emphasizing their commitment to fulfilling assurances that work specifically for those who lack resources. Addressing the gathering, Modi highlighted the impact of the recent interim budget, presented by Union Finance Minister Nirmala Sitharaman, which aims to empower various segments of the population, including the poor, women, and youth.

In a strategic move, Amazon founder Jeff Bezos has disclosed plans to sell up to 50 million shares of Amazon.com Inc. over the next 12 months, leveraging the recent surge in the company's stock. The announcement comes on the heels of Amazon reporting its strongest online sales growth since the early stages of the pandemic, propelling its shares to a nearly 8% rally, reaching $172.

In a recent move, India has announced an increase in the windfall tax on petroleum crude, raising it to ₹3,200 per tonne from the previous ₹1,700, effective from Saturday. However, the windfall tax on diesel and aviation turbine fuel remains unchanged at zero, according to a statement released by the government on Friday.

FlixBus, the global leader in travel technology, has officially entered the Indian market, aiming to revolutionize intercity passenger transportation. With a network spanning 42 countries, FlixBus has now set its sights on India, the second-largest bus market globally. The company plans to provide convenient travel options at competitive prices while maintaining top-tier safety standards.

Apple's CEO, Tim Cook, reassured investors about the tech giant's commitment to artificial intelligence (AI) innovation, despite a dip in China iPhone sales. While the company reported a slight increase in overall revenue for the last quarter of 2023, concerns surrounding the Chinese market led to a more than 3 percent drop in Apple's shares in after-hours trading.

In a groundbreaking move, the Enforcement Directorate (ED) arrested Hemant Soren, former Jharkhand Chief Minister, under the Prevention of Money Laundering Act (PMLA). This arrest follows a complex operation by the federal agency, attempting to apprehend the Jharkhand Mukti Morcha (JMM) leader in Delhi. Despite teams being deployed at his residence and the airport, Soren managed to evade authorities and reach Ranchi by road on Tuesday. The ED alleges that Soren is a key beneficiary in an alleged land scam in Ranchi, where a network of brokers and businessmen falsified records in registrar offices to create fake deeds of landed parcels, subsequently selling them.

In a dramatic turn of events at the Delhi airport, frustrated passengers voiced their anger against domestic carrier IndiGo after their flight to Jharkhand's Deoghar was allegedly cancelled. A video posted by news agency ANI captured the passengers shouting slogans, demanding the cessation of flight cancellations.