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Adani Group clarified that US government report on the company pertains solely to one specific contract under Adani Green Energy, which represents approximately 10% of the subsidiary’s business. It also said that none of its 11 public companies are implicated or accused of any wrongdoing. It further strongly condemned US report, terming it “baseless.”
Google criticized a proposal from the US Department of Justice (DOJ) in its antitrust lawsuit, stating it would disrupt services, harm consumers, and weaken the US’s global technology leadership. The company argued that instead of addressing search distribution agreements with companies like Apple and Mozilla, the DOJ pushed a harmful interventionist agenda.
Binny Bansal, co-founder of Flipkart, has stepped down from PhonePe’s board after playing a key role in its acquisition in 2016. PhonePe appointed Manish Sabharwal as an Independent Director and Chair of its Audit Committee. CEO Sameer Nigam expressed gratitude for Bansal’s mentorship and welcomed Sabharwal’s expertise in macroeconomics to guide the company’s future growth.
A US judge rejected the SEC’s request to sanction Elon Musk for skipping a meeting with regulators to watch a rocket launch. Musk was ordered to testify in September regarding his $44 billion takeover of X (formerly Twitter). US District Judge Jacqueline Scott Corley ruled the request moot, as Musk reimbursed the SEC for the […]
Hyundai is recalling 145,235 electric vehicles in the U.S., including IONIQ 5, IONIQ 6, and certain Genesis models, due to a drive power malfunction. The National Highway Traffic Safety Administration (NHTSA) cited damaged charging control units that may prevent the 12-volt battery from charging. Hyundai will inspect, replace, and update affected parts and software at […]
Next round of talks for reviewing the India-ASEAN Free Trade Agreement in goods will take place in February next year, according to an official statement on Saturday. The fourth round of negotiations, aimed at enhancing trade relations, was successfully concluded this month. These discussions are part of ongoing efforts to strengthen economic ties between India […]
Following the indictment of Adani Group’s Gautam Adani for bribery by US prosecutors, Kenya’s social media erupted, prompting the government to cancel multi-billion deals under scrutiny. Hashtags like #StopAdani, #ArrestAdani, #StopAdaniDeal, and #AdaniMustGo trended on X in Kenya after the news of the bribery charges against Adani and six others spread across the East African [&hel...
Centre has released the first installment of the 15th Finance Commission grants for FY 2024-25 to rural local bodies in Karnataka, according to a statement from the Union Panchayati Raj Ministry. These funds will benefit 5,949 eligible gram panchayats across the state. Grants are allocated in 2 installments each financial year, with recommendations from the […]
Benchmark indices BSE Sensex and NSE Nifty50 closed higher, rising 2.54% and 2.39%, respectively, fueled by broad-based buying. The Sensex gained 1,961.32 points, reaching 79,117.11, while Nifty50 rose 557.35 points to 23,907.25. Gains were led by SBI, Titan, and TCS, while Nifty IT outperformed. Sectoral indices, except Media, ended in the green, with Realty and […]
NTPC Green Energy Ltd has signed an agreement with NREDCAP to develop renewable energy projects worth ₹2 lakh crore, announced Andhra Pradesh Chief Minister Chandrababu Naidu. NTPC Green Energy, the renewable energy arm of NTPC, recently launched its ₹10,000 crore Initial Public Offering (IPO) with a price band of ₹102-108 per share.
Australia scored 37 runs for a 4-wicket loss in 14 overs in their 1st innings in the ongoing first Test against India in Perth. Australian batters Usman Khawaja (8), Nathan McSweeney (10), Steven Smith (0), and Travis Head (11) were dismissed so early. Indian pacer Jasprit Bumrah took 3 wickets. Earlier, After taking bat first, […]
Ola Electric, facing a government probe and mounting losses, plans to lay off 500 employees in a restructuring effort to improve operational efficiency and profitability. The company reported a 43% rise in net loss for Q2 FY25, at ₹495 crore, with revenue dropping 26%. CEO Bhavish Aggarwal emphasized focusing on cost efficiency, while the company’s […]
Here are the silver prices per 10 grams today in the top cities. ★ Chennai – ₹1009, ★ Mumbai – ₹919, ★ Delhi – ₹919, ★ Kolkata – ₹919, ★ Bangalore – ₹919, ★ Hyderabad – ₹1009, ★ Kerala – ₹1009, ★ Pune – ₹919, ★ Vadodara – ₹919, ★ Ahmedabad – ₹919, ★ Jaipur […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 22, 2024. The Sensex started trading today at 77349.79, up 194 points or 0.25%, and the Nifty was at 23411.80, up 61.90 points or 0.27%. Meanwhile, the Indian rupee was trading today at 84.50 against the dollar.
Nokia announced a 5-year expansion of its agreement to supply Microsoft Azure with data centre routers & switches. Partnership aims to enhance the scalability and reliability of Azure data centres globally. Nokia will provide its 7250 IXR-10e platform for multi-terabit-scale interconnectivity, strengthening its role as a strategic supplier for Microsoft’s cloud infrastructure across o...