Index provider MSCI has said it will review the free-float status of Adani Group-linked stocks and their eligibility in its indexes. “MSCI has received feedback from a range of market participants concerning the eligibility and free-float determination of specific securities associated with the Adani Group for the MSCI Global Investable Market Indexes (GIMI),” it said on February 8. “Any changes in the review affecting the calculations of the Indian conglomerate’s free float will be announced and implemented along with the index’s February review, due on February 9.” A decision by MSCI to reduce the number of free-floating shares of Adani companies is likely to negatively impact the stocks. Adani Group stocks fell on February 9, triggered by news of MSCI’s review. The freefall of the conglomerate’s stocks had subsided in the past couple of days following the recent rout after the Hindenburg report. Also Read: Adani Group shares fall following MSCI's review of its free … [Read more...] about MC Explains | The case of MSCI’s review of Adani Group stocks
Legal precedent to overturn roe v wade
India should have a central law on online gaming: IT minister Ashwini Vaishnaw
The government should have a central law to regulate the online gaming sector, and the first step towards this front is treating these apps as intermediaries, Union Minister of Electronics and Information Technology Ashwini Vaishnaw said in the Lok Sabha on February 8. “We as responsible lawmakers should come with a central act, which basically has been drafted in consultation with everybody and that act should be effectively regulating the online games and online gambling,” he said. “Already 19 states and Union territories have passed their own laws. Seventeen states have actually amended the Public Gambling Act, 1867, and introduced the online gambling elements within the act,” the minister said. The government had designated the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for all online gaming related matters in December 2022. Subsequently, on January 2, 2023, MeitY proposed a self-regulatory mechanism, mandatory verification of … [Read more...] about India should have a central law on online gaming: IT minister Ashwini Vaishnaw
WazirX calls out Binance’s allegations, says user assets are safe
WazirX app (Image: Shutterstock) Zanmai Labs owned-WazirX on February 8 issued a statement disputing Binance’s claims of the crypto exchange driving a false narrative based on its use of the latter’s wallet services. This comes days after Binance said that it is stopping its wallet services to WazirX following a long-standing legal battle. In a latest blog post, WazirX said, “The allegations made by Binance in their blog are false and unsubstantiated. As far as Binance ’s actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.” WazirX also added that it has made arrangements to ensure WazirX’s digital assets are “stored in accordance with industry-leading standards.” “Users can continue to trade, deposit, and withdraw their funds as usual,” it said. Before shutting wallet services for WazirX’s users on February 3, Binance had posted that it had given Zanmai a choice on January 26 to either retract its public statements … [Read more...] about WazirX calls out Binance’s allegations, says user assets are safe
Korean design jumps on the K-history bandwagon with traditional motifs
"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs
Environmentalists Are Suing Trump AGAIN Over His Border Wall
Environmental groups sued President Donald Trump’s administration Thursday for waiving more than two dozen laws meant to protect air, water, land and wildlife to speed up construction of a border wall with Mexico. The Department of Homeland Security (DHS) waved 25 environmental regulations in January covering a 20-mile stretch of land along the New Mexico/Mexico border. Environmentalists, with the Center for Biological Diversity in lead, say the action is “unconstitutional.” “By waiving these laws in the name of bringing law and order to the region, DHS is literally making the border lawless,” Southwest Environmental Center, one of the groups involved in the suit, Executive Director Kevin Bixby said in a statement. “Our wildlife and communities deserve the same legal protections as every other community in America.” “Construction of the border wall would cause permanent and irreparable damage to over a hundred endangered and threatened species that call the border area … [Read more...] about Environmentalists Are Suing Trump AGAIN Over His Border Wall
Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Elon Musk’s ‘Pedo Guy’ Tweet Isn’t Defamation, Jury Rules
Share to Twitter Share to Linkedin Elon Musk’s irate tweet calling a little-known British rescue diver “pedo guy” can be described as many things — juvenile, rude, out of line maybe — but it’s not defamation, a California jury of three men and five women declared Friday. According to the ruling which followed the four-day trial , Musk is not liable for damages. “My faith in humanity is restored,” Musk told reporters as he left the courtroom. The suit, which Musk characterized as a “shakedown” on Wednesday, sought unspecified damages. Forbes estimates his net worth to be $23.7 billion , as of December 3, 2019. The billionaire tech entrepreneur spent nearly four hours on the stand in U.S. District Court in Los Angeles Wednesday, holding fast to his conceit that “pedo guy,” his description of Vernon Unsworth, the diver and cave expert involved in the 2018 rescue of a junior soccer team trapped in a Thailand cave system, is not synonymous with “child … [Read more...] about Elon Musk’s ‘Pedo Guy’ Tweet Isn’t Defamation, Jury Rules
China’s Tech Companies Are Joining The Hyped-Up Race To Develop ChatGPT-Style Services
Share to Twitter Share to Linkedin China’s internet companies are racing to develop their own versions of ChatGPT-style services amid the global frenzy around the conversational AI chatbot, but questions are emerging whether they can replicate the success of their U.S. rival. At least five technology companies, ranging from Jack Ma ’s e-commerce giant Alibaba to Robin Li ’s search engine operator Baidu, have announced over the past few days that they are working on a tool similar to ChatGPT. An Alibaba spokesperson, for example, confirmed Wednesday morning that the company is now conducting internal tests on a ChatGPT-style bot, while Baidu said three days ago that it’s on track to officially roll out what it calls Ernie Bot in March. Details of the new services weren’t immediately known, but what is clear is that these companies are capitalizing on the sudden interest over conversational AI technologies. Developed by San Francisco-based OpenAI, … [Read more...] about China’s Tech Companies Are Joining The Hyped-Up Race To Develop ChatGPT-Style Services
Why Northeast Asia-Ex China Is Ambivalent About CBDCs
Share to Twitter Share to Linkedin China’s launch of the digital yuan has prompted a scramble in Northeast Asia among central banks to assess the merits of CBDCs. Japan, South Korea and Taiwan are all at different stages of CBDC testing that they likely never would have begun if it were not for Beijing’s determination to develop a digital fiat currency. That begs an important question: Does the rest of Northeast Asia need CBDCs? After all, the respective initiatives of Japan, South Korea and Taiwan are inherently reactive, in contrast to Beijing’s proactive approach. The People’s Bank of China (PBoC) created the e-CNY for specific reasons that speak to long-term strategic objectives of the central government: domestically, to strengthen resilience in a payments ecosystem dominated by Big Tech (Alipay and Tenpay) and gain greater control over the digital money supply, while in the cross-border space the aim is to gradually boost the renminbi’s global reach … [Read more...] about Why Northeast Asia-Ex China Is Ambivalent About CBDCs
InnovationRx: CVS Bid For Oak Street; Plus, Covid Strains In Beijing
Share to Twitter Share to Linkedin InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here . C VS Health announced its plans to acquire Oak Street Health in a $10.6 billion deal on Wednesday, as the pharmacy retailer and parent company of health insurer Aetna looks to expand its reach into primary care. As Forbes senior contributor Bruce Japsen writes , the move comes amid a broader primary care clinic buyout wave by other retailers. This includes Amazon’s $3.9 billion bid for One Medical in July and investments by Walgreens Boots Alliance and health insurer Cigna in VillageMD. The deal values Oak Street at $39 per share, which is 16% above the $33.68 share price at Tuesday’s market close. The Chicago-based company, which employs 600 primary care providers across 169 medical centers, enters into value-based contracts with insurers to manage the care of seniors in the Medicare program. The company … [Read more...] about InnovationRx: CVS Bid For Oak Street; Plus, Covid Strains In Beijing