# Supreme Court

• The Supreme Court on Thursday upheld the constitutional validity of state laws framed to allow Bull taming sport Jallikattu in Tamil Nadu.
• It also allowed Buffalo racing in Karnataka (Kambala) and Bullock cart race in Maharashtra.
• Supreme Court said there are sufficient provisions to prevent cruelty to animals in these ancient sports.
• A five judge Constitution bench of Justices KM Joseph, Ajay Rastogi, Aniruddha Bose, Hrishikesh Roy and CT Ravikumar found no flaw in the acts framed by Tamil Nadu, Karnataka and Maharashtra.

# AWS

• Amazon Web Services on Thursday announced that it intends to invest $12.7 billion by 2030 to boost cloud computing infrastructure in India.
• AWS said the investment will contribute around $23.3 billion to India’s GDP by the end of the decade and create over 1.3 lakh jobs every year in Indian businesses related to the data centre supply chain.
• These include construction, facility maintenance, engineering and telecommunications.
• The company already has two data centre infrastructure regions in India – one set up in Mumbai in 2016 and other set up in Hyderabad in 2022.

# SBI

• SBI has become the country’s first lender to report an annual net profit of over ₹50000 crore.
• The public sector bank has also overtaken HDFC bank, which was the most profitable lender in India for several years.
• HDFC bank had reported the net profit of ₹44108 crore for FY 23.
• SBI had declared a dividend of ₹11.3 per share.

# US

• New data shows that 2023 is shaping up to be the biggest year for chapter 11 filings in over a decade.
• Chapter 11 bankruptcy filings typically involve debt restructuring.