Friday, March 29, 2024

Business

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.

It will take more than 200 years to end poverty: Oxfam

As the rich elites from around the world gather for the World Economic Forum at Davos, Oxfam released...

IMF warns India that its debt may exceed 100% of GDP, Union disagrees

The International Monetary Fund warned India on Tuesday that its government debt may exceed 100% of its gross domestic product, or GDP, in the medium term.

“We are not a colony of Gujarat.” Why Lakshadweep is boycotting Amul?

“On 24 May, Arabian Sea ship will land Kavarathi with Amul products. Let's boycott Amul,” says a message which had gone viral on social media. Gujarat’s co-operative dairy federation landed on a fresh row months after it faced netizen’s ire for supporting Sudarshan TV’s UPSC Jihad.

Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restrictions, UN economists have found.
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Keolis-Mitsubishi consortium wins 15-year contract to operate Dubai’s metro and tram networks

“We are fully committed to the Dubai Metro and tram networks and are working diligently to ensure a smooth handover of operations in September, 2021”, said Keolis Group CEO, Marie-Ange Debon, in a statement after winning the contract for the operation and maintenance of Dubai Metro. The contract, which includes the operation of the Dubai Tram, covers a total of 15 years, including six renewable years, and is worth about AED542 million per year.

Pandemic: One in three travel destinations still fully closed to international tourists

Around a third of 217 world travel destinations surveyed remain completely closed to international tourists, as concerns grow over the impact of new coronavirus variants, and some governments reverse efforts to ease restrictions, according to a new report released by the UN World Tourism Organization (UNWTO) on Monday.
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Delhi, Mumbai struggle to pay EMIs due to income loss in pandemic

Delhi-NCR was the most impacted city in India in terms of loss of income and loan repayment capacity due to the coronavirus pandemic, a consumer insights report has revealed.

Covid-19 has forever changed way consumers shop online, UN-backed survey reveals

The coronavirus pandemic has forever changed the way consumers shop online, the United Nations trade and development body, UNCTAD, said on Thursday.
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Unplanned lockdown has snowballed India’s already-precarious economy: Rahul Gandhi

Narendra Modi Government's sudden and unplanned COVID-19 contained lockdown which has snowballed India’s already-precarious economy, said former Congress chief Rahul Gandhi.

Association of Muslim Professionals launches India’s first free crowdfunding platform for education scholarships

On Teachers' Day, the Association of Muslim Professionals (AMP), a not-for-profit organisation working in the domains of education and economic empowerment, has announced the launch of 2 significant initiatives which will benefit the students’ fraternity, especially those needing financial assistance for higher education or expert career and professional guidance by industry professionals.
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Unpopular opinion, Elon Musk is not a great businessman

Overpromising has always been The Achilles heel of Musk. It is not just about the grand promises of Neuralink. Tesla had once proclaimed that there will be a million fully autonomous vehicles on the road by 2020, the deadline has now been pushed to 2028, and if you believe my pessimistic prediction it is going to stretch further.

Pandemic contained lockdown: India’s economy shrinks nearly 24%

India’s economy growth suffered a historic 23.9% contraction in the April-June quarter, as the strict coronavirus lockdown hit businesses, reported news agency Agence France-Presse.
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In FY20 bank fraud doubled to ₹1.85 trillion: RBI report

Reserve Bank of India’s annual report, on Tuesday, revealed that frauds reported by banks of ₹100,000 and above value about ₹1.85 trillion in FY20. The number of such cases...

Dubai reopens doors to tourists after 4 month restrictions

With a "welcome" passport sticker and COVID-19 tests on arrival, Dubai has reopened its doors to international visitors.
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