Mumbai: The value of Gautam Adani’s business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, published a blistering report accusing it of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious,” and it is considering legal action. But […]
New Delhi: From April, all government vehicles that have completed 15 years will automatically lose their right to ply on roads as their certificate of registration will expire, according to a new rule of the central government. In an effort to weed out old, polluting and potentially less-safe vehicles from Indian roads, Nitin Gadkari-led Ministry […]
New Delhi: As India rolls out 5G slowly but steadily, the country went up 26 spots in rank globally for median mobile speeds, from 105th in November 2022 to 79th in the month that followed, a report showed on Friday. Median mobile download speeds in India increased from 18.26 Mbps in November to 25.29 Mbps […]
New Delhi: Aviation regulator DGCA on Friday imposed a Rs 10 lakh fine on Go First for the incident wherein 55 passengers were left behind in a passenger coach at Bangalore airport on January 9. The Directorate General of Civil Aviation (DGCA) had issued a show-cause notice to the airline following the incident. “Perusal of […]
New York: IBM Corp has announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. Chief Financial Officer James Kavanaugh told Reuters that the company was still “committed to hiring for client-facing research and development”. The layoffs – related to […]
New Delhi: India’s oil processors are open to buying even more Russian crude if the price is right, said refinery executives, potentially providing a bigger outlet for Moscow almost a year after its invasion of Ukraine. The South Asian nation increased Russian oil imports in 2022, ending the year with record monthly volumes as discounted […]
Chandigarh: Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion, RBI Executive Director Ajay Kumar Choudhary said on Wednesday. Chaudhary was addressing an outreach seminar on ‘Central Bank Digital Currency: The India Story’ organised by the Reserve […]
New Delhi: The government will sell 30 lakh tonnes of wheat in the open market from its buffer stock to control rise in prices of wheat and wheat flour (atta), sources said. The average prices of atta have risen to around Rs 38 per kg. The food ministry will offload 30 lakh tonnes of wheat […]
Srinagar: “Kashmir has a tremendous potential for bee keeping because of its conducive climate for beekeeping and diverse forest resources. By exploring this allied wing we can generate a good number of employment opportunities for our young educated farmers, agri-preneurs,” said Director Agriculture Kashmir Chowdhury Mohammad Iqbal in his address to the participants of divisional […]
New Delhi: Gautam Adani, billionaire and richest Indian and Asian in the world saw a slip in his ranking in the Bloomberg Billionaires Index, reported LiveMint. According to the report, Gautam Adani’s ranking has now slipped to the fourth in the world’s richest list and Amazon’s top boss Jeff Bezos is now the third world’s […]