MAGIC EMPIRE GLOBAL LTD
Shrink the economy, save the world?
Degrowth remained on the fringes of the fringe for decades, until increasing awareness about global warming percolated into public debates in the early aughts.
The multiplier effect of hosting Olympics may be exaggerated, but it can provide many intangible benefits
The hosting of Olympic Games holds a certain allure for many countries due to a myriad of intangible benefits like global visibility, national pride and cultural exchange, which often precede the tangible, more measurable economic impacts. While the construction of new infrastructure and potential boost in tourism and international investment can be significant, the crucial question remains whether these economic advantages justify the enormous investments required.
'Animal' demolishes BO records, Ranbir Kapoor film earns Rs 61 cr on day 1; Vicky Kaushal's 'Sam Bahadur' collects Rs 5.5 cr on opening day
The Ranbir Kapoor-Rashmika Mandana-starrer is currently having a dream run at the box-office. It has crossed Rs 110 crore on day one globally.
Google Play announces ‘Best of 2023’ in India for apps and games
Google Play’s Best of 2023 in India is the search giant's annual set of awards to recognise the best apps and games on Google Play and the developers who bring them to life.
Disney-Reliance Deal: Why Bob Iger should follow Murdoch’s lead and cash out
Bob Iger, CEO of The Walt Disney Co., is reportedly nearing a deal to sell the company's Indian operations, known as Disney Star, for billions of dollars. This comes as a new class of competition, led by Indian tycoon Mukesh Ambani, disrupts the legacy media industry in India. Ambani's 4G telco has gained over 400 million customers and has built a consumer empire that blurs the lines between carriage, content, and commerce. The deal with Iger would validate Ambani's digital, retail, and consumer finance propositions, further solidifying his dominance in the Indian market.
Adani probe wraps up as India tightens disclosure for big firms
Sebi began looking at offshore investments into Adani’s ports, power and infrastructure empire in October 2020. The heart of the matter is whether Adani used companies registered abroad to conduct business and pump up his share prices without properly disclosing affiliations. Adani has repeatedly denied wrongdoing and said it has made all required disclosures.
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From tweets to transactions: Inside Elon Musk's ambitious plan for X, the 'everything app'
Elon Musk, CEO of Twitter, has set out his vision for transforming the social media platform into an everything app called X, which could include elements such as comprehensive communications and fintech.
Elon Musk's quixotic quest to turn X into an 'everything app'
In Silicon Valley, the pursuit of an everything app has come up time and again as tech leaders have strained to expand their digital empires. Zuckerberg tried it. So did Dara Khosrowshahi, the CEO of Uber. Evan Spiegel, the head of Snap, said he wanted to go for it, too.
A pill in the works can bolster sagging global economic growth
Harvard scientists claim to have found an anti-aging drug that rejuvenates the whole body. The find will go through further trials. It will surely be a miracle cure but it will also come as an economic boon. A fast-aging world population will certainly mean lower economic growth in many countries.
Happy 60th, N Chandrasekaran! Life mantra of Tata Chairman includes simple living, healthy eating & enjoying outdoor activities with wife Lalitha
Natarajan Chandrasekaran, the Chairman of Tata Group, shared insight into his personal and professional life on a Netflix documentary, hosted by former US President Barack Obama. Chandrasekaran gave credit for his success to his mother who instilled hard work values in him as a foundation for his three-decade-long career.
Coronation of King Charles III: 2 Mumbai Dabbawalas, Sonam Kapoor, Vice President Jagdeep Dhankhar & Indian-origin chefs to attend ceremony
King Charles III's coronation in the UK on May 6-8 will be attended by over 2,200 people, including international representatives from 203 countries, 100 heads of state, charity champions, and religious community members.
Chinese small-cap stocks surge in meme-like rally
Shares in small and micro-cap Chinese firms that are listed in the US soared on Friday, echoing rallies of last summer fuelled by individual traders. Online brokerage firm Top Financial Group saw an increase of 645% to $149 per share and Magic Empire Global jumped 328% to reach $3.97. Both are among the most closely watched stocks by retail investors on Stocktwits. Last October Nasdaq halted IPO preparations for four small Chinese firms while investigating other stock rallies.
How ChatGPT maker OpenAI is fuelling a generative AI war
It has been a week of major turmoil for the technology industry with the sudden collapse of Silicon Valley Bank. But amid all the chaos of the last few days, the hype around generative AI continued.
What really controls our global economy
We might be mistaken if we are seeing the world only in a map of nations, or understand nationalism and globalism as binaries.
Will it be high tea with Rishi? Here's what may work to Sunak’s advantage
We should not forget that there is a reason why the ruling party has, since 2010, squandered its prestige with so many far-fetched experiments. Those experiments served a real electoral purpose in a rapidly declining country.
Wall Street’s mysterious 2,200% IPOs come from tiny N.J. broker
The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
Emmy Awards 2022: Zendaya, Jason Sudeikis emerge as repeat winners, 'Ted Lasso', 'Succession' bag top honours
Jason Sudeikis and Jean Smart collected back-to-back acting trophies.
How silicon chips rule the world
Taiwan Semiconductor is the most valuable company in Asia and one of the dozen most valuable in the world, with a market capitalization of more than $400 billion.
Chinese stock’s 13,000% surge creates another US IPO mystery
Addentax, which lists garment manufacturing and logistics services among its key businesses, is at least the eighth firm this year from Hong Kong or China to experience similarly surprising moves following initial public offerings in the US.
Bankers turned billionaires for an instant, then came 89% crash
Magic Empire Global Ltd., which provides underwriting and advisory services and has helped just one company go public in two years, soared as much as 6,149% since debuting in the US on Friday, giving it a market value of $5 billion at one point.
ETMarkets Smart Talk: 2022 won’t be easy for new age companies, says Dr Vikas Gupta
"Definitely there should be a lot of scrutiny of new-age companies, just as for any other company. However, shouldn’t these analysts have scrutinized stringently when the IPOs were going on? Why didn’t they warn the investors before that? Better late than never. But we don’t agree that one can make a blanket statement that they are Ponzi schemes. One needs to develop a more sophisticated toolkit to analyze which of these new age companies are creating value, and which are capital destroyers."
Little-known stock’s 32,000% surge ends with $175 billion drop
Trading volumes, meanwhile, have also been extremely low for a majority of the past week’s moves. Despite seeing swings of at least 40% in either direction on all but one day this week, the stock has yet to crack 500,000 shares traded on a single day. On Friday, just over 50,000 shares changed hands, its sixth straight session of declining volume.
Elizabeth II'S platinum jubilee: Here's everything you need to know about
The party's over after four days of parades, street parties and a gala concert celebrating Queen Elizabeth II's 70 years on the throne, the Platinum Jubilee celebrations with a queen's wave from Buckingham Palace and the crowds outside singing "God Save the Queen."
Gautam Adani says Ukraine war exposed overswing on green tech
The billionaire, who has pledged to invest $70 billion in the entire green energy supply chain by 2030, also called out the developed nations for “setting targets and giving stern lectures about climate change to the rest of the world” and sliding back to relying on dirtier fossil fuels when their energy security was threatened
View: The decline and fall of the Gulf’s oil empire is looming
The era when the Gulf nations and their sovereign wealth funds were magic cash machines prepared to pay top dollar for assets on every continent may be coming to an end. They may even have to turn into net sellers. That will affect institutions from the U.S. Treasury market, where Saudi Arabia holds about $183 billion of securities;
Budweiser wants to go beyond ISS, says they now wish to brew beer far away, in microgravity
The experiment will be one of the 250 facilitated by the Elon Musk-owned aerospace company.
China’s empire of money is reshaping lives across new Silk Road
If Xi's ambitions become a reality, Beijing will cement its position at the center of a new world economic order.
How masonry built integration in India
The ‘religion’ was good at building bonds within professional communities – the military, the business community, civil servants – which helped build the institutions the Raj needed to develop.
The emergence of digital in public relations
With the digital universe growing at a scorching pace, many domains are experiencing the impact of the consequent changes in consumer behaviour.
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