Blog Vertex

On Friday, Vladimir Putin earlier claimed the five-day exercise secured almost total popular support. The voting was held in Luhansk and Donetsk in the east and in Zaporizhzhia and Kherson in the south. The Russian president will make a major speech in the Kremlin. 

A stage is already prepared in the Moscow Red Square with billboards that proclaim the four regions. They are a part of Russia, and a concert is planned for the evening. Let us tell you that the event that echoes Russia is the annexation of Crimea in 2014  also followed by a discredited referendum. It was heralded by a Kremlin signing, followed by a presidential victory speech in parliament. The initial annexation has never been recognized by the vast majority of the international community. 

The President of Ukraine, Zelensky, said that “pseudo-referendum” were worthless and did not change reality. The territorial integrity of Ukraine will be restored. And our reaction to the recognition of the results by Russia will be harsh. 

No independent monitoring of the Russian process took place, and the election officials were pictured going from door to door. They are escorted by armed soldiers. Dmitry Peskov’s spokesperson said that “Tomorrow at 15:00 in the St George Hall of the Grand Kremlin Palace, a signing ceremony will be held to incorporate the new territories into Russia. 

FAQ

• When did the signing ceremony take place?

Ans. On Friday 

• Where is the Russian president will gonna make a major speech?

Ans. Kremlin 

• Where does the stage has already set up?

Ans. Moscow Red Square

It is the second case of bribery allegations in India in a decade. The US Securities and Exchange Commission has fined the technology firm Oracle corporation about $23 million as charges as it violates the provisions of the Foreign Corrupt Practices act as its subsidiaries in Turkey, India, and UAE. They created and used slush funds to bribe foreign officials for business purposes between 2016 and 2019. 

 Order of SEC:

Oracle India sales employees used an excessive discount scheme in connection with a transaction with a transportation company. And the majority of that was owned by the Indian ministry of railways. In January 2019 the ales employees working on the deal claimed the deal would be lost without a 70% discount on the software component of the deal and cited intense competition from other original equipment manufacturers. 

The report said oracle needed a France-based employee to approve the request because of the size of the discount. The employee approves the discount without asking the further documentary support. The Indian SOE publicly available procurement website indicated Oracle India has no competition. But it had mandated the use of Oracle products for the project. 

One sales employee involved in the transaction maintain a spreadsheet that show $67000 was the buffer available to potential to make payment to a specific Indian SOE official 

FAQ

• What is the charge imposed on the oracle?

Ans. $23 million 

• What is the full form of FCPA?

Ans. Foreign Corrupt Practices Act 

• What was the duration of the bribe?

Ans. 2016 to 2019 

The progress of Ukrainians in the southern regions of Kherson and Zaporizhzhia has been far more limited than its success in the northeast. The front-line positions come under regular fire as both Ukraine and Russia attempt to push forward. Abdujalil Abdurasulov gained very less access to the front line in Kherson. It is a region where Ukrainian men have been told that they could be drafted to fight for the Russian army. 

An old Soviet self-propelled howitzer known as Gvozdika or Carnation was rolled out in an open field and put into the proper position. Its barrel tilts up “Fire” comes to the command. Let us tell you that the gunners hastily moved away after the last shot, acting quickly. 

Although the advance of Ukrainian forces in the south is very slow, their artillery units will remain busy. Stus is the commander of the gunners and explains that the Russians target him, which they respond to in order to silence him. Their job is very much felt at the front line. The soldiers walk across the vast field under the cover of a tree line. They do not pay any attention to the sounds of the missiles flying above their heads or the thud of the explosions. The Ukrainians moved very quickly to reach a destroyed farm building that they took back just a week earlier. 

FAQ

• Who is the commander of the gunners?

Ans. Stas 

• How far does the Russian observation post be?

Ans. 500m 

• When Ukrainian are moving quickly to reach the destroyed farm building?

Ans. A week ago

The online grocer BigBasket has begun the process of a new round of funding, and it is likely to value the Tata Digital-owned firm at around $3-3.5 billion. These are the words of three people. The latest funding for BigBasket comes from Tata Digital and the existing shareholders. The size of the round has not been finalized, but it is likely to be in the range of $200 million or even many more. 

BigBasket is Bengaluru based and holds the Supermarket Grocery, from which Tata owns 62% filed documents with the Registrar of Companies. But now the plan to increase the authorized share capital of the firm is typically an indication of a fresh cash infusion on the cards. 

In a secondary transaction, BigBasket is valued at $2.7 billion, and Brand Capital is the strategic investment arm of the Times Group. It is also published in the paper and utilized part of its stake in the firm. The last primary transaction of the BigBasket was valued at $2 billion in May last year. but is after the Tata Digital majority acquisition of the company. 

Bigbasket is also working on a new cash infusion. It will happen at a pre-money valuation of around $3.2-3.3 billion, and these are the words of well-known people of the company. 

FAQ

• How much company got funding in 1mg?

Ans. $41 million 

• What is the second largest transaction made by BigBasket?

Ans. $2.7 billion 

• What is the full form of ROC?

Ans. Registrar of Companies

European countries are investigating three mystery leaks into two major gas pipelines between Europe and Russia. The cause of the damage to Nord Stream 1 and 2 is unclear. But the authorities have not ruled out sabotage. The operator of Nord Stream 1 said that the undersea lines have simultaneously sustained unprecedented damage in one day. 

The pipelines have been flashpoints in the energy tussle between Europe and Moscow. No one knows the cause of the damage, but it will not immediately affect the supply of gas to Europe. The pipelines were also operational; the European Union has previously accused Russia of using a reduction in gas supplies to Europe. But Moscow denies all this. They also say sanctions against Russia make it possible to properly maintain the gas infrastructure. 

The German media said that the authorities are not ruling out an attack on the undersea gas network. The Prime Minister of Denmark, Mette Frederiksen, said that it was too early to come to a conclusion. But it was hard to imagine the multiple leaks and it could be a coincidence. 

Dmitry Peskov, a Kremlin spokesperson, said that he was extremely concerned about this incident. And the possibility of a deliberate attack could be ruled out. 

Let us tell you that the North Stream 1 pipeline consists of two parallel branches. And it has not transported any gas since August, when Russia closed it down for maintenance. 

FAQ

• Which two pipelines got a mystery leak?

Ans. The gas pipeline between Russia and Europe 

• Who is the Prime Minister of Denmark?

Ans. Mette Frederiksen 

• Who is Dmitry Peskov?

Ans. Kremlin spokesperson