T. ROWE PRICE GROUP INC.

Between 2013 and 2022, the number of xenophobic hate crime cases reported to the Interior Ministry in Germany more than tripled to over 10,000. According to official German projections, the nation will lack seven million skilled workers overall by 2035, out of a total labour force of about 46 million.

Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.

A recent expose reveals a culture of harassment and discrimination within Citigroup's equities unit in New York. Interviews with 22 insiders describe a decade-long pattern of misconduct, including ogling female colleagues, rating them by looks, and discussing sexual conquests. Complaints to HR and senior executives yielded little change, with some alleged perpetrators still employed. Citigroup, known for its efforts towards inclusivity, faces scrutiny over its handling of the situation amidst ongoing efforts to boost its equities trading revenue.

The ratio indicates the ease with which a company can pay interest on the borrowings — higher the ratio, better it is. It is calculated by dividing the operating profit (earnings before interest and tax or EBIT) by interest outgo for a given period.

Rakesh Gangwal, co-founder of IndiGo, likely sold 6.7% equity worth over Rs 7,000 crore in a block deal. IndiGo reported Q3 net profit of Rs 2,998 crore with revenue of Rs 19,452 crore. Passenger numbers grew 23% YoY with a load factor of 85.8%.

Are you looking for a great TV to aid your family’s quality time? If so, then continue reading this article where we share a list of the 10 best 43 inch TVs of 2024. All of these TVs offer great features and a decent screen size to allow your entire family to cherish their time together.

Data from the International Organisation of Vine and Wine show that global consumption has lagged behind production of wine since at least 1995, the industry has hit an inflection point as changing drinking patterns and lacklustre economic conditions look here to stay.

The central bank’s latest diktat barring exclusive deals between banks and card companies could disrupt their mutually beneficial partnerships. More on this in today’s ETtech Morning Dispatch.

Google is providing an extended timeline to ten companies to pay the service fee applicable for in-app purchases made by users. According to sources, the timeline will be stretched till the time there is a concrete verdict from the Supreme Court.

Google said that it has over 200,000 Indian developers using Google Play who adhere to their policies and that 10 companies have chosen not to pay for the services.

The Apple car team also has several hundred hardware engineers and car designers. It’s possible that they will be able to apply for jobs on other Apple teams. There will be layoffs, but it’s unclear how many.

Zomato CEO Deepinder Goyal said established businesses in India should nurture startups, but without the intention of owning them. This and more in today’s ETtech Top 5.

Mizuho Financial Group Inc. showcased its business ties in India at Mumbai’s St Regis hotel. Mizuho announced its largest-ever acquisition in India. Adani Group, Hindenburg Research, and Japanese lenders have also played a significant role in Indian offshore loans. HSBC Holdings Plc. topped the league tables last year.

Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.

CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.

Muddy Waters has alleged that Fairfax was “The GE of Canada” and not the Berkshire Hathaway that it was touted to be in a report on 8 february that sent Fairfax’s shares tumbling 12% . Its shares had pared half the losses in early trading in Toronto on 12 February. Muddy Waters reference to GE has to do with the company settling $200 million in penalties from US stock market regulator in 2020 for alleged accounting violations.

India's pharmaceutical industry is seeking a one-time exemption from price control measures tied to the declining wholesale price index (WPI). Under the Drug Price Control Order (DPCO) 2013, scheduled drug prices are revised based on the previous year's WPI. Industry executives argue that this would lead to marginal reductions and are requesting an exemption due to rising input costs, aiming to make a representation to India's drug pricing authority. Last year saw a record 12% increase in essential medicine prices linked to the WPI.

The Baluch rights group Haalvash said on its website that the victims were Pakistani labourers who lived at an auto repair shop where they worked. Three others were wounded, it said.

India, once touting its exceptionalism, is facing economic challenges resembling China's model. With private consumption crawling at 4.4%, sluggishness is evident, and unsecured personal loans surge. Prime Minister Modi's focus on capital stock is reminiscent of China's investment-heavy approach. However, doubts persist about trickle-down effects benefiting the surplus labor. As India's GDP lags pre-pandemic levels, the job market narrows, impacting incomes for a significant portion of the population. The top 20% may thrive, but broad-based consumption growth is essential for sustained economic success.

The Supreme Court will issue a verdict on petitions related to the Adani-Hindenburg row, alleging stock price manipulation by the Indian corporate giant. The court will deliver the judgement on up to four petitions, filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. The pleas claimed that the Adani Group, close to the Modi government, inflated its share prices and the share value of various group entities fell sharply after the Hindenburg Research report.

Apart from Tata Consumer, Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent have crossed the market cap of Rs 1 lakh crore. Earlier in December, Trent had become the fifth listed company of the Tata Group to achieve this feat.

Though bankers remain broadly upbeat about 2024, even they admit that after months of headfakes failed to sustain activity, a true return to health could take months.

Other Adani stocks such as NDTV and Adani Power also rose 8.3% and 4.5%, respectively. Adani Energy Solutions, Adani Green Energy, Adani Ports and Adani Total Gas also rose over 1%.