Reliance began stealth seizure of Future stores on Feb. 25. Much of Future management was in the dark about the takeover according to sources. Reliance wants to rebrand the stores and keep Future employees on as per sources. After the takeover of stores, Amazon and Future would commence talks.
Since February 21, when Russia acknowledged the separatist republics of Donetsk and Luhansk in eastern Ukraine, laying the groundwork for the special military operation three days later, Western nations have instituted a succession of economic sanctions against hundreds of Russian political leaders and corporate tycoons who regulate the country's media, financial institutions, oil refineries, and other critical industries.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global financial system that allows immediate and secure transfers of money across borders. It is the web that verifies all financial transactions. It links 11,000 banks and institutions in more than 200 countries, with 40 million messages a day. Using SWIFT ensures that transactions happen in seconds in a secure way. Around 1% of those messages involve Russian payments, according to the BBC.
India is exploring a rupee payment mechanism with the objective of trying to guarantee that Russian banks and firms open accounts with state-run Indian banks in order to settle trade settlement. This entire scheme is for the purposes of establishing trade with Russia and to avoid sanctions.
A forensic audit was conducted. Every piece of evidence was collected and given to the CBI which aided in revealing how ABG Shipyard managed to pull off India's biggest fraud spanning 5 years with 28 banks involved and a net Rs 23,000 crore in debt.
Sebi Friday penalised the NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for violating securities contract rules in the case related to the appointment of Anand Subramanian. This is how a fake Himalayan yogi guided a former National Stock Exchange MD for the past 20 years.
Serbia has cancelled a huge deal with Rio Tinto, an Australian firm, following the deportation of Novak Djokovic from Australia.
China has actually managed to build New York cities and not just one, but a staggering 27 empty ones. This by no means is an ordinary feat.
A simulation of a theory based catastrophe of bankers collapsing the financial system was conducted fairly recently. There was a striking similarity between this event and the infamous "Event 201" that was held in late 2019.
The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.