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Meta Crashdown: What Led To A First-Ever $230 Billion Dip In Its 18-Year History?

Snehashish RoyFebruary 4, 20220

The world of the metaverse is seen to be crumbling down. The formerly known Facebook, now Meta, has suffered an ever-high 26% dip in its stocks. Its market value now plummeted by more than $230 billion. As a result, the chief executive Mark Zuckerberg has now been pushed out of the tantalizing top 10 list of the world's richest. The sudden dip in its market value is seen following a dismissal earnings report laid out by a company spokesperson. Zuckerberg said the company is experiencing a tricky transition from being one of the dominant social media platforms to the ultra-modern metaverse. Largely, the primary reason for this setback is attributed to losing over half a million users from its core social networking application, Facebook. However, other reasons are responsible f...

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income tax
ArticleLatest News

“Union Budget Recognises The Efforts Of Tax Payers”-REALLY?

Pooja YadavFebruary 4, 20220

Recently while presenting the budget recognized the efforts of taxpayers and their productivity. But Mr. Subrahmanyam swami a renowned political leader in an interview given to India today has said that income tax should be abolished. India needs about 14 percent of growth rate to become a 5 trillion economy. This could be achieved only by abolishing the income tax according to Mr. Subramanyam swami. Through this article, we will discuss the different aspects of income tax or should be abolished or is it unfair for the individuals?. Let's start the discussion then... DEMAND FOR ABOLISHING THE TAXThe demand for abolishing the income tax is not new. There were many times people and experts have demanded to abolish the income tax and some even called this system a cruel one. The d...

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ArticleFinance

Centre To Sell IDBI Bank, Will Keep Some Stake: Sources

Snehashish RoyFebruary 4, 20220

Centre is planning on selling IDBI Bank by the end of March, however, will keep a part of its stake to itself, the secretary of the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey told The Indian Express. The sale will be made through an expression of interest (EOI). The process of sale will include the Centre filing the Draft Red Herring Prospectus (DRHP) of the Life Insurance Corporation (LIC). It will be made by the next week with the market regulator. The primary prospectus is expected to be listed on stock exchanges by the end of this financial year. LIC holds the management stake in IDBI Bank with a 49.24% share. Whereas, the Government of India holds a 45.48% stake in the bank. Pandey said the detailed consultations have been made with the ...

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ArticleCulture

Telangana: PM Modi To Unveil Statue 11th Century Saint, CM Rao Lauds Move

Aditi priya singhFebruary 4, 20220

Prime Minister Narendra Modi will visit Hyderabad on 5 February 202 and unveil the 216 feet tall Statue of Equality, which has been built in the memory of Sri Ramanujacharya, a saint of the 11th century. Who promoted the idea of ​​equality in all aspects of life including faith, caste and creed. Telangana chief minister K Chandrasekhar Rao has expressed happiness over the installation of the statue. He said, "It is a proud moment that after thousands of years, an eminent statue of Sri Ramanujacharya, who established social equality among citizens, is going to be installed in Telangana." CM said that it is a proud moment for Telangana. The state has become the centre of Sri Ramanujacharya's teachings of social equality among citizens over thousands of years. Rao said that it is a...

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ArticleBusiness

Decline In Facebook’s Active Users Leads To A 24% Drop In Meta Shares, Zuckerberg Pushed Out Of Top 10 Rich List

Aditi priya singhFebruary 4, 20220

Shares of Facebook's parent company Meta fell up to 24% on Thursday, which is considered to be the biggest dip ever. The company's shares have fallen due to the decrease in the number of active users on the social media platform. At current levels, this is the biggest drop in market value for any US company. However, the dip may not be associated with the company losses, especially given the recent volatility that has whipped up the technology stocks. The market has seen a boom in the last of years. Mark Zuckerberg has lost about $24 billion after the fall in the company's shares. That's because shares of Meta are down more than 20 percent since reporting the first drop in daily users. Analysts believe that Meta faces stiff competition from rivals like TikTok. Mark Zucke...

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ArticleIndiaLatest News

India Takes Up Arunachal Teenager’s Case with China, Accuses Chinese Army of Torture

Aditi priya singhFebruary 4, 20220

India on Thursday said it has taken up the issue regarding the torture of a teenager from Arunachal Pradesh with China. Speaking to reporters, foreign ministry spokesperson Arindam Bagchi said that we have taken up this matter with the Chinese side. Miram Toram went missing on january 18 from siang district, Arunachal pradesh. Let us inform you that 17-year-old Miram Tarom went missing on January 18 from the Siang district of Arunachal Pradesh. There were reports that he was allegedly abducted by the Chinese army in the Lungta Jor area near the Line of Actual Control. Later, the Chinese army handed over Kishor to the Indian Army on January 27. Miram's father Opang Tarom said that his son was tied up and given a mild electric shock while in Chinese military custody. MEA spokes...

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ArticleIndiaLatest NewsScience & Tech

Centre To Introduce Drones For Counter China Surveillance At LAC

SinshaFebruary 3, 20220

The Indian army has made a pact with local tech firm IdeaForge to supply additional SWITCH 1.0 drones. The drones will intensify India’s surveillance capabilities along the Line of Actual Control (LAC) to trace Chinese activities. The SWITCH 1.0 is an indigenous drone designed by a Mumbai-based firm for challenging surveillance expeditions. These drones can perform as the forces’ eyes on the ground in severe atmospheric conditions. In January 2021, the Indian Army signed a $20 million contract to buy a SWITCH drone high altitude variant from the corporate. In November prime minister Narendra Modi formally transferred the SWITCH UAV to the Indian army. Ankit Mehta, the CEO of IdeaForge said, “We are thrilled by the impact created by SWITCH UAVs in serving our nation and maintaini...

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masada fortress
ArticleEventsFeatures

“Masada Fortress Lights Up Marking 30 Years Of India-Israel Friendship”-Know More About This Place

Pooja YadavFebruary 3, 20220

Masada is associated with ancient stone defense in Israel, placed high on top of the Dead Sea on a tall, rocky mesa. currently associate Israeli parkland and a UN agency World Heritage website, the 840-acre advanced holds healthy ruins attesting to the history of the traditional kingdom of Israel and also the courageousness of its folks within the face of a Roman beleaguering. LocationMasada is found in Israel on the sting of the Judean desert, between Ein Gedi and Sodom, on cliffs created of chalk, dolomite, and soil strata regarding one,300 feet (400 meters) on top of the Dead Sea. Because of the desert climate, the encompassing space is just about untenanted and undeveloped. King HerodMeaning “strong foundation or support” in Hebrew, Masada may be a natural def...

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ArticleIndiaLatest NewsScience & TechTRENDING

Indian Industries Create Milestones With Unmanned Aerial Vehicles

Sayani ChakrabortyFebruary 3, 20220

Several programmes favouring indigenisation and technology development benefiting prospective Indian suppliers show that the Indian government promotes "Make in India" for self-reliance in the defence industry. Indian enterprises are encouraged to design, develop, and manufacture defence systems, subsystems, and components, focusing on indigenisation and self-reliance. Unmanned aerial vehicle Several DPSUs, including the DRDO, began producing defence goods in the early 1960s, including HAL, MDL, GRSE, GSL, HSL, BEML, Mishra Dhatu Nigam, and BEL, as well as the Ordnance Factory Board (OFB). Even Nevertheless, the tri-services continue to import key equipment to satisfy their operational needs because of a mismatch between the defence forces' demand and availability of equipment. Acco...

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ArticleEventsNews

India-Israel Celebrates Its 30 Years Of Diplomatic Relations

Pooja YadavFebruary 3, 20220

India and Israel are celebrating their 30 years of diplomatic relationship and a special bond based on humanity and friendship. On this occasion, both countries uniquely celebrated this special day by choosing important UNESCO heritage monuments of their respective countries. India displayed the logo and flag of Israel along with its national tricolour flag on the gateway of India whereas Israel displayed a logo that was the combination of both the countries' flags and displayed it on its most historical monument called Masada fortress. Masada is a very important fortress situated near the dead sea. after Jerusalem, it's the next most attractive tourist destination in Israel. It has a very close connection with Jewish, Islam, and Christianity. Both the monuments have their hist...

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ArticleBusinessFinanceNews

Reduce Income Tax Or Not: The Conundrum Explained

Pooja YadavFebruary 3, 20220

BJP leader Subramanian Swamy has recently talked about abolishing the income tax. He shared his opinion during an interview with India Today. Also, Union finance minister Nirmala Sitharaman from the podium of parliament recognised the efforts of middle-class salaried people and their constant efforts. Through this article let's have a look into this crucial topic, should income tax be abolished and also discuss those countries where either income tax is abolished or have a minimum slab rate. Income Tax Payers Despite actively participating in India's GDP, the current Union budget has disappointed the taxpayers. However, if we go by the percentage, only 1-2% are covered by income tax. It suggests how important taxpayers are to the government's treasury. Many economists consid...

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ArticleFinanceIndia

Union Budget 2022: Check Out Announcements Made For Farmer; Clean Water In 80 Lakh Houses

Aditi priya singhFebruary 2, 20220

Finance minister Nirmala Sitharaman presented the country's budget today, in which she made several important announcements related to farmers. She made many important announcements for the farmers while presenting the budget. She talked about promoting organic farming and chemical-free farming. Along with the assessment of the farmers' field, drone technology will be used for nutrient and pesticide spraying. She said that while protecting the Rabi and Kharif crops of the farmers in 2021-22, MSP of Rs 2.37 lakh crore will be transferred to the accounts of the farmers. Let us know what announcements were made in this budget for the farmers. Announcement For Farmers • Record shopping will be done at MSP. MSP of Rs 2.37 lakh crore will be transferred to the accounts of the farme...

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