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Over 97% of Rs. 2,000 notes returned, says RBI

The Reserve Bank of India (RBI) has revealed that over 97% of the Rs. 2,000 notes, which were removed from circulation in May 2023, have been returned. The total value of these banknotes in circulation in India has dropped to Rs. 8,470 crore as of February 29, 2024. This is down from the daunting Rs. 3.56 lakh crore figure as of May 19, last year.


India beat England in Ranchi, win 17th successive home series

India claimed an unassailable 3-1 lead in the five-Test series after beating England in Ranchi. The hosts survived turbulence on Day 4 and chased 192, with Shubman Gill and Dhruv Jurel getting them home. Rohit Sharma earlier smashed a counter-attacking half-century. Spinners ruled the roost, while Joe Root's incredible ton was a highlight. Notably, India have sealed their 17th successive home Test series.


2024 LS elections: BJP announces 1st list of 195 candidates

The Bharatiya Janata Party (BJP) on Saturday announced its first list of 195 candidates for the upcoming 2024 Lok Sabha elections. While Prime Minister Narendra Modi will contest from Varanasi, Uttar Pradesh, for the third time, Union Home Minister Amit Shah will again run from Gandhinagar, Gujarat. The list included the names of 34 central ministers and ministers of state, along with two former chief ministers, said General Secretary Vinod Tawde of the BJP.


Google faces $2.3 bn lawsuit from European media groups

Google is facing a massive $2.3 billion lawsuit from 32 media groups, including big names like Axel Springer and Schibsted. These publishers from 13 European countries claim that Google's digital advertising practices have caused them financial losses. According to their lawyers, Geradin Partners and Stek, "The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google's misconduct."


After Korean version, 'Drishyam' to get Hollywood remake

The Drishyam franchise, which has garnered massive success in India and China, is gearing up for a Hollywood adaptation. Producers Kumar Mangat Pathak and Abhishek Pathak (Panorama Studios), who unveiled the Korean remake at the Cannes Film Festival 2023, have joined forces with Gulfstream Pictures and JOAT Films to create the English version. Abhishek said, "We have received immense love from our Indian audiences, who have made the Drishyam franchise a massive success."


NVIDIA surpasses Saudi Aramco, becomes 3rd largest company by m-cap

NVIDIA is now the third-largest company globally by market capitalization, valued at $2.056 trillion, surpassing Saudi Aramco which stands at $2.046 trillion. The company's stock market value exceeded $2 trillion for the first time on Friday, following a positive forecast from Dell Technologies. This impressive growth is due to NVIDIA's development of essential computer chips for artificial intelligence (AI) technology. The company is only trailing Microsoft and Apple at $3.09 trillion and $2.77 trillion, respectively.


Finance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank

India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts. The Ministry of Finance has revealed that the FIU began investigating after law enforcement agencies discovered entities involved in illegal activities, such as online gambling, using the bank to route their proceeds. Interestingly, the penalty is linked to a business segment that Paytm Payments Bank discontinued two years ago.