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India’s forex reserves rise by $2.22 billion to $634.96 billion

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The Reserve Bank of India (RBI), data showed that India’s foreign currency (forex) reserves increased by $2.229 to $634.965 trillion for the week ending January 14, 2022. In the week before, forex reserves fell by $878 millions. The Weekly Statistical Supplement of the RBI shows that all categories of forex ...

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When Rihanna’s Domestic Violence Statement On Snapchat’s Problematic Ad Made The Company Lose $1 Billion Overnight

Rihanna is one of the most celebrated artists of the music industry who enjoys a huge following across the globe not just for her hit songs but also for her ‘boss lady’ attitude. The singer does not tolerate injustice or humiliation of any sort, giving it back to the haters ...

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Microsoft to acquire ‘Call of Duty’ maker Activision Blizzard for USD 68.7 billion

1642553541 Mega gaming deal Microsoft wants to buy Activision Blizzard

Microsoft has announced a deal to acquire game studio Activision Blizzard for USD 68.7 billion. If it goes through, it would be Microsoft’s biggest-ever acquisition — and by far the biggest deal ever in the video game biz. Activision Blizzard’s lineup of games includes ‘Call of Duty’, ‘Candy Crush’, ‘Warcraft’, ...

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A $3 BILLION LAWSUIT IS FILED AGAINST META IN UNITED KINGDOM

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January 13th, Meta (formerly Facebook), was sued in a class action lawsuit in the Competition Appeal Tribunal in the United Kingdom. The suit alleges that Meta had abused its dominant position in social media networks for many years. A $3 BILLION LAWSUIT AGAINST META in THE UK The social network ...

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India’s December exports jumped 25% to $57.87 Billion in December

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According to government data, India’s December 2021 exports, including merchandise and services, rose 25.05 percent over last year. The Ministry of Commerce and Industry released data showing that India’s December 2021 imports grew to $72.35 Billion. This is 33.86 percent more than the December 2019 figure and 40.30% more than ...

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China demands that the US unfreeze Afghanistan’s almost USD 10 billion

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China reiterated its demand that the US release Afghanistan’s USD 9.5 billion frozen in its banks as the Afghan situation continues to worsen, according to local media. According to Khaama Press, Wang Wenbin, a spokesperson for the Chinese Foreign Ministry, stated that the US should defrost Afghanistan’s Central Bank assets ...

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Spider-Man: No Way Home Box Office (Worldwide): Tom Holland’s Blockbuster Hits $1.5 Billion Mark!

Spider-Man: Tom Holland’s starrer has not crossed the $1.5 Billion mark at the global box office. It was released in December 2021 and is the fourth installment of Shock’s Share Four. The film has been produced in large numbers ever since its release. It has not only performed well at the box ...

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LG’S REVENUE EXCEEDS $58 billion FOR THE FIRST TIME EVER SINCE EXITING SMARTPHONE MARKET

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LG Electronics was once a prominent brand on the smartphone market. It has been losing market share to Chinese manufacturers in recent years. Last year, it pulled out of the mobile phone market. LG’s performance has not declined since it got rid of the loss-making business. In fact, it has seen its performance ...

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RIL raises $4 Billion in US Dollar Bonds, the largest Indian corporate bond raising

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Reliance Industries Limited, Mukesh Ambani’s company, announced Thursday that it had raised $4 billion in US dollars bonds. This is the largest Indian corporate bond issue. Nearly three times as many people applied for the bond issue. RIL stated in a statement that the bond proceeds would be used primarily for ...

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