KFintech has acquired a 51% stake in Ascent Fund Services for $35 million. This move significantly expands KFintech’s global fund administration business. The acquisition brings over 250 experts into the KFintech Group. Assets under administration are projected to reach $340 billion. This strategic deal boosts KFintech’s international revenue share considerably.
In a move reminiscent of the 2008 financial crisis intervention, the US government is acquiring a 10% stake in Intel, a deal triggered after CEO Lip-Bu Tan’s meeting with Donald Trump. Intel warns this could negatively impact international sales, especially in China, which accounts for 29% of its revenue.
Rajinikanth’s ‘Jailer 2,’ the sequel to the 2023 blockbuster, is generating immense buzz. Directed by Nelson Dilipkumar with music by Anirudh Ravichander, the film stars Ramya Krishnan and Yogi Babu. Adding to the excitement, Malayalam actor Suraj Venjaramoodu joins the cast, reuniting with Fahadh Faasil after ‘Vettaiyan.
Former Bangladesh PM Sheikh Hasina has been sentenced to death in absentia by a tribunal for “crimes against humanity” over her government’s crackdown on a mass uprising. The tribunal accused her of murder, torture, and ordering the use of lethal weapons. Hasina, who fled to India, called the tribunal “rigged” and “politically motivated.”
Astronaut Shubhanshu Shukla, along with the Axiom-4 mission crew, successfully undocked from the International Space Station after completing over 310 orbits and a 1.3-crore-km journey. The Dragon (Grace) capsule, carrying the crew and over 580 tonnes of cargo, including 60+ experiments, began its 22.5-hour return to Earth.
Durga Puja, a significant Hindu festival celebrated with immense devotion, honors Goddess Durga’s victory over Mahishasur. Festivities span five days, commencing on September 27th and culminating in Durga Visarjan on October 2nd, 2023. The festival involves elaborate rituals, special dishes offered to the Goddess, and the vibrant Sindoor Khela, where married women exchange vermillion for…
A devastating fire ripped through Hong Kong’s Wang Fuk Court complex, claiming over 40 lives and leaving hundreds injured or missing. Residents described harrowing escapes as flames engulfed their homes. Suspected to be fueled by combustible bamboo scaffolding used for repairs, the blaze spread rapidly, prompting a massive rescue effort and leaving many homeless.
Actress Huma Qureshi advocates for equal punishment for online harassment as for public spaces, citing personal experiences with offensive messages. She believes digital abuse, like sending vulgar comments or pictures, should carry the same consequences as street harassment. Qureshi also urged society to cease policing women’s choices regarding dress, lifestyle, and work.
