Profitloss Centerstage Events

Demonetization in India took centerstage on Tuesday, 8 November 2016 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 1

India implements a demonetization policy, abolishing larger banknotes to combat...

India implements a demonetization policy, abolishing larger banknotes to combat counterfeit currency and address the issue of black money. This unexpected move aims to promote a cashless economy and improve financial transparency.

Monday, 7 November, 2016

Donald Trump, the Republican nominee, becomes the president-elect of the...

Donald Trump, the Republican nominee, becomes the president-elect of the United States, defeating Hillary Clinton in the electoral college. This election outcome surprises many, as Trump secures victory despite losing the popular vote, highlighting the complex nature of the U.S. electoral system.

Tuesday, 8 November, 2016

Siemens AG announces plans to spin off its $15 billion...

Siemens AG announces plans to spin off its $15 billion healthcare division, intending to establish it as an independent company. This strategic move allows Siemens to focus on its core businesses while positioning the healthcare division to thrive independently in the evolving healthcare industry.

Wednesday, 9 November, 2016

Facebook acquires CrowdTangle Inc., a provider of social media analytics....

Facebook acquires CrowdTangle Inc., a provider of social media analytics. The financial details of the deal are undisclosed. CrowdTangle's tools enable publishers, entertainment companies, and sports teams to track social media performance and identify relevant posts. The acquisition aligns with Facebook's efforts to combat fake news by gaining insights into content flow on its platform.

Thursday, 10 November, 2016

A massive protest takes place in Seoul, South Korea, with...

A massive protest takes place in Seoul, South Korea, with around 1 million people calling for the resignation of President Park Geun-hye. This protest stems from an ongoing corruption scandal involving Park's undisclosed ties to Choi Soon-sil, who had access to confidential documents and exerted influence over the president. The scandal raises concerns about governance and transparency in South Korea.

Friday, 11 November, 2016

President-elect Donald Trump announces plans to deport or imprison up...

President-elect Donald Trump announces plans to deport or imprison up to 3 million illegal migrants, specifically targeting individuals with criminal records. This statement reflects Trump's intention to prioritize immigration enforcement and address public safety concerns, highlighting the potential shifts in immigration policy under his administration.

Saturday, 12 November, 2016

Samsung Electronics announces its acquisition of Harman International Industries, a...

Samsung Electronics announces its acquisition of Harman International Industries, a U.S.-based company, for $8 billion. This represents the largest overseas acquisition ever made by a South Korean company, marking Samsung's entry into the automotive technology market.

Sunday, 13 November, 2016