Saturday, June 22, 2024

Business

Booking.com faces criminal complaint for money laundering from illegal Israeli settlements

Booking.com, the online travel giant, is facing a criminal complaint filed by human rights organizations, accusing the company of profiting from and laundering proceeds linked to Israeli war crimes in occupied Palestinian territories.

Workplace harassment data reveals corporate sector’s patchy compliance with POSH Act: Report

A decade after India's groundbreaking Sexual Harassment of Women at Workplace Act mandated strict measures to prevent and...

US probing Gautam Adani over potential bribery, Adani Group says ‘not aware’

The United States has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may have engaged in bribery, Bloomberg News reported on Friday.

WTO conference ends in division and stalemate – does the global trade body have a viable future?

Jane Kelsey, University of Auckland, Waipapa Taumata Rau The 13th World Trade Organization (WTO) ministerial conference in Abu Dhabi...

McDonald’s misses sales target, blames Israel’s war in Gaza

McDonald’s, one of the most iconic US brands, attributes its failure to meet the first quarterly sales target in almost four years to Israel’s genocidal war in Gaza. This decline follows a call for a McDonald’s boycott by customers in Muslim countries, sparked by the Israeli franchisee's donation of thousands of free meals to the Israeli military.

Adani’s market losses top Rs 8 lakh crore as crisis shockwaves spread

Adani's market losses swelled above Rs eight lakh crore ($100 billion) on Thursday, sparking worries about a potential systemic impact a day after the Adani Group's flagship firm abandoned its $2.5 billion stock offering, reported Reuters.

Gautam Adani lost over Rs 4 lakh crore in a week

Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock manipulation and fraud raised by U.S.-based Hindenburg Research, reported Forbes.
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Global growth will be weak in 2023 before rebounding next year: IMF

The global economy is set to slow down this year before bouncing back in 2024, a senior official with the International Monetary Fund (IMF) has said, citing China’s sudden re-opening following the end of its “zero-COVID” policy, and a mild winter, in Europe as factors.

“Fraud cannot be obfuscated by nationalism”: Full text of Hindenburg’s reply to Adani

Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised, Hindenburg Research said on Monday soon after Gautam Adani group likened the damaging allegations by the US institute to a “calculated attack” on India.
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Adani Group loses Rs 2 lakh crore in market cap days after Hindenburg report

The Adani group lost nearly Rs 2 lakh crore in market capitalisation in early trading hours on Friday, taking the overall decline in its market capitalisation to over Rs 2.75 lakh crore since Tuesday’s closing.

“We asked 88 straightforward questions. Adani has answered one of these”: Hindenburg

Hindenburg Research said on Thursday that Adani hasn't addressed a single substantive issue they raised in their report.
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Prannoy Roy, Radhika Roy resign from NDTV Board

Prannoy Roy and Radhika Roy, founders and promoters of channel New Delhi Television (NDTV), have resigned as directors on the board of NDTV’s promoter group RRPR Holding Private Limited(RRPRH) amid the Adani Group’s open offer to acquire India’s leading news channel.

Popular drinks brand Rasna’s founder Areez Khambatta dies

The founder and chairman of Rasna Group, Areez Pirojshaw Khambatta, died on 19 November, the firm said in a statement on Monday.
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Amazon plans to lay off 10,000 employees soon

Amazon is planning to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, report many media outlets.

Twitter suspends $8 subscription after fake accounts spread

Twitter suspended allowing people to sign up for its paid subscription feature that grants blue check marks amid a flood of fake accounts, just days after it launched the controversial feature.
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6 years after demonetisation, RBI finds record 30.88 lakh crore currency with public

Currency in circulation among citizens increased to a new high of Rs 30.88 lakh crore in October, breaking the record, a report by the Reserve Bank of India said, as...

Indian Rupee opens at all-time low of 83.06 against US dollar

The Indian rupee on Thursday fell 6 paise to an all-time low of 83.06 against dollar in early trade amid continuous foreign capital outflows and a strong US currency in the overseas markets.
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