Economy news

• Japanese startup backed by Football player launches Rs 5 crore ($6,80,000) flying motorcycle

  27-10-2021 05:37 via zeenews.india.com
  
  The "XTurismo Limited Edition" from Tokyo-based drone startup A.L.I. Technologies is equipped with a conventional engine and four battery-powered motors and promise to fly for 40 minutes at up to 100 kph (62 mph).
  
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• Gautam Adani US indictment: Adani Group CFO says, ‘none of the 11 public companies are subject to…’

  23-11-2024 05:48 via timesofindia.indiatimes.com
  
  Adani Group CFO Robbie Singh has addressed the recent US indictment, stating that it pertains to a single contract at Adani Green Energy, representing about 10% of their business. He emphasized that none of the conglomerate's eleven listed companies or their subsidiaries are facing accusations.
  
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• Wall Street: Dow Jones ends at fresh record

  23-11-2024 02:51 via timesofindia.indiatimes.com
  
  The Dow Jones Industrial Average reached a new record high, fueled by optimism surrounding President-elect Donald Trump's economic policies. The euro struggled against a strong dollar after disappointing eurozone business activity data. Asian markets presented a mixed bag, with Tokyo rising on stimulus hopes while Hong Kong and Shanghai fell due to tech sector concerns.
  
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• Binny Bansal steps down from PhonePe board

  22-11-2024 16:39 via timesofindia.indiatimes.com
  
  Flipkart co-founder Binny Bansal has resigned from the board of PhonePe, a fintech company Flipkart acquired in 2016. This follows Bansal's exit from Flipkart's board in January. He remains the largest individual minority shareholder in PhonePe with about a 1% stake. Bansal's departures come as he launches his new startup, oppDoor, in Singapore.
  
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• Now, airlines to provide beverages, snacks or meals to passengers of delayed flights

  22-11-2024 16:23 via timesofindia.indiatimes.com
  
  Indian airlines are now mandated to offer refreshments and meals to passengers facing flight delays due to the winter fog. Delays between two to four hours will guarantee snacks and beverages, while those exceeding four hours will include meals. This initiative aims to enhance passenger comfort during prolonged waits.
  
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• Quick Commerce Workforce Expansion To Surge By 60% In India

  22-11-2024 15:30 via zeenews.india.com
  
  In the logistics sector, the temporary workforce surged by 20-30 per cent to support the anticipated 35 per cent growth in e-commerce sales. 
  
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• India's foreign exchange reserves declined $17.76 billion last week

  22-11-2024 13:25 via timesofindia.indiatimes.com
  
  India's foreign exchange reserves experienced a significant drop of $17.761 billion, settling at $657.892 billion for the week ending November 15, as per RBI's report. This decline, the second consecutive one, aligns with the pressure faced by the rupee and saw foreign currency assets decrease by $15.548 billion to $569.835 billion.
  
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• Six Adani Stocks Recover; Adani Green, Adani Energy, 2 Others Still Under Pressure

  22-11-2024 12:18 via zeenews.india.com
  
  Most of the group stock fell during the morning trade after billionaire Gautam Adani was charged by US prosecutors for allegedly being part of a scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts.
  
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• Anupam Mittal's Witty Response To Deepinder Goyal's 'No Salary' Chief Of Staff Job Posting– Check Details

  22-11-2024 12:17 via zeenews.india.com
  
  Shaadi.com founder Anupam Mittal chimed in humorously, sharing a playful LinkedIn post inviting candidates unable to afford the Rs 20 lakh.
  
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• Markets Stage Sharp Recovery; Sensex Reclaims 79K Level, Nifty Surges 557 Points

  22-11-2024 12:16 via zeenews.india.com
  
  Strong buying by domestic institutional investors and a firm trend in the US markets also helped the indices, traders said.
  
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• Over 49,000 Challans Issued For Improper Parking At Delhi's 14 Major Markets

  22-11-2024 12:05 via zeenews.india.com
  
  Challans Issued For Improper Parking: Delhi Traffic Police has issued more than 49,000 challans for improper parking across 14 markets in the national capital this year as of October 31.
  
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• S&P Ratings Says US Allegations May Renew Questions On Governance Practices At Adani

  22-11-2024 11:35 via zeenews.india.com
  
  US prosecutors have charged Adani and seven others including his nephew Sagar, with agreeing to pay about USD 265 million in bribes to Indian government officials to obtain favourable terms for a solar power supply contract. 
  
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• Chennai Couple Delivers Baby At Home Using WhatsApp Advice – Here's What Happened Next

  22-11-2024 11:28 via zeenews.india.com
  
  The couple, 36-year-old Manoharan, an earthmover operator, and his 32-year-old wife Sukanya, are reportedly members of a WhatsApp group called 'Home Birth Experiences.'
  
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• Golden Chariot Train Returns With World-Class Luxury: Double Beds, Smart TVs, And Wi-Fi Onboard

  22-11-2024 11:25 via zeenews.india.com
  
  Golden Chariot Train: Golden Chariot Luxury Tourist Train, which is a depiction of the rich cultural heritage of the State of Karnataka is all set to hit the track again this year from December 14 in a new Avatar.
  
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• NTPC Green Energy signs deal worth Rs 2 lakh crore with Andhra Pradesh govt

  22-11-2024 11:14 via timesofindia.indiatimes.com
  
  NTPC Green Energy Ltd. and NREDCAP will collaborate on a ₹2 lakh crore renewable energy project in Andhra Pradesh. The project aims to develop 25 GW of solar/wind power, 10 GW of pumped storage, and 0.5 MMTPA of green hydrogen, creating over one lakh jobs.
  
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• Jammu Petrol Pumps Declare 'No Fuel For Vehicles Driven By Minors', DSE Issues Circular

  22-11-2024 11:04 via zeenews.india.com
  
  Petrol Pumps: In a bid to ensure the safety of underage children, petrol pumps in Jammu have put up posters declaring "no fuel for vehicles driven by minors".
  
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• Avaada Group to invest Rs 5,800 crore to develop 1200 MW pumped hydropower storage project in Rajasthan

  22-11-2024 10:46 via timesofindia.indiatimes.com
  
  Avaada Group will invest ₹5,800 crore to build a 1200MW pumped hydropower storage project in Rajasthan. The project, located in Sirohi district, aims to enhance energy security and environmental sustainability in the state. Rajasthan's Chief Minister praised the initiative for promoting clean energy and economic growth.
  
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• Ola Electric Cuts 500 Jobs Across Verticals As Part Of Restructuring

  22-11-2024 10:43 via zeenews.india.com
  
  Ola Electric: Ola Electric Mobility is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development.
  
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• Hyundai Ioniq 9 Unveiled Ahead Of LA Auto Show: 0-100kmph In 5.2 Seconds - Details

  22-11-2024 09:28 via zeenews.india.com
  
  Hyundai Ioniq 9: The highly anticipated Hyundai Ioniq 9 has been officially revealed ahead of its debut at the LA Auto Show.
  
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• Now, SEBI investigating whether Adani Group flouted disclosure rules

  22-11-2024 09:19 via timesofindia.indiatimes.com
  
  The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd. failed to properly disclose the US Justice Department’s investigation into bribery allegations.
  
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• How Is This 24 Years Old Man Earning Rs 2.5 Crore Yearly By Working Just 5 Hours A Day?

  22-11-2024 08:32 via zeenews.india.com
  
  Business Success Story: A US resident Steven Guo has gone beyond the conventional mode, and is earning crores every year by working merely 5 hours per day.
  
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• BMW India To Raise Car Prices By Up To 3% From January 1

  22-11-2024 08:24 via zeenews.india.com
  
  BMW India: Every year in January, car companies raise the prices of their models, and the beginning of 2025 is set to follow the same trend.
  
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• 1000 Bank A/cs Hired To Divert West Bengal Govt Funds Meant For HS Students Tabs

  22-11-2024 08:11 via zeenews.india.com
  
  West Bengal Tab Scam: The modus operandi of the scam involved the funds released from the state exchequer for the purchase of tabs being diverted to the hired accounts from the bank accounts of the genuine beneficiaries.
  
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• No Safety At All? This SUV Scores 0-Star Rating At Latin NCAP - Crash Test Results

  22-11-2024 07:45 via zeenews.india.com
  
  Citroen C3 Aircross: Citroen’s Aircross, previously known as the C3 Aircross, has received a 0-star safety rating in the latest Latin NCAP crash tests.
  
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• US Charges Against Adani, 7 Others Could Lead To Arrest Warrants, Extradition Bid: Attorney

  22-11-2024 07:21 via zeenews.india.com
  
  US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside.
  
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• Majority Of Adani Group Stocks Trade Lower For 2nd Day; Adani Green Tumbles 11%

  22-11-2024 07:19 via zeenews.india.com
  
  Adani group on Thursday denied charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws.
  
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• Adani US bribery Case: Kenya Cancels Airport And Energy Deals With Adani Group

  22-11-2024 07:17 via zeenews.india.com
  
  President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and partner nations.” He didn't specify the United States.
  
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• NTPC green energy’s $1.2 billion IPO fully sold on last day

  22-11-2024 07:15 via timesofindia.indiatimes.com
  
  NTPC Green Energy Ltd., the renewable energy branch of Indian power giant NTPC Ltd., has successfully raised $1.2 billion in its initial public offering. The IPO, fully subscribed on its final day, highlights the strong investor interest in India's booming renewable energy sector, a key element of the nation's ambitious net-zero goals.
  
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• Ola Electric Set To Lay Off 500 Employees Amid Controversies, Poor Results

  22-11-2024 06:16 via zeenews.india.com
  
  The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring exercise will impact employees from several departments, the reports added.
  
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• Gautam Adani Indicted By US: White House Says India-US Ties Strong, "Confident" In Navigating Crisis

  22-11-2024 05:19 via zeenews.india.com
  
  Addressing reporters during her daily briefing, White House Press Secretary Karine Jean-Pierre expressed confidence that Indian and the US could navigate the issue without compromising their robust partnership.
  
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