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What's New Today: India's Q4 hiring outlook: Marketing, HR, and IT lead the way
Fast-Track Insights: FIU cracks down on foreign crypto exchanges in India
By the bloc's merger regulations, the European Union's competition regulator announced on Tuesday that it was looking into Microsoft's stake in ChatGPT creator OpenAI. "Checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," the European Commission stated in a statement.
The recruitment and HR services provider TeamLease Services recently published research that highlighted hiring intentions for India's employment stakeholders for the second half of the fiscal year 2024 (October 2023 to March 2024). 79% of companies planned to retain or grow their personnel in the second half of FY24, according to "TeamLease's Employment Outlook Report," which showed an impressive trend in incremental workforce expansion.
AI Startup CEO Faces Murder Charges: In a heart-wrenching turn of events, the CEO of an Indian artificial intelligence (AI) startup, Suchana Seth, finds herself at the center of a horrifying tragedy. The tech hub of Bengaluru, known for its innovation and technological advancements, is now grappling with the shocking news of the arrest of The Mindful AI Lab's CEO. Suchana Seth faces murder charges after the lifeless body of her four-year-old son was discovered in her luggage during her return from Goa. Read More
According to three industry experts, taking legal action against offshore cryptocurrency exchanges operating in India for violating money laundering regulations might rob local exchanges of critically needed liquidity and make their intentions to relocate outside more difficult. Any exchange providing services to Indian consumers must register as a "reporting entity" and submit statements to the income tax department, according to a letter sent on December 28th by the Financial Intelligence Unit (FIU) of the finance ministry to Binance, KuCoin, and seven other exchanges. Furthermore, the FIU suggested that these Indian exchanges' web addresses be blocked.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
