Avi G - Looma News - Page 7 Of 46

Vodafone Idea Hits 52-Week Low Despite Revenue Growth and 5G Plans

Vodafone Idea's shares dropped to ₹6.69, hitting a 52-week low, despite growth in revenue and ongoing debt challenges. The company plans to roll out 5G by Q4FY25 and has secured ₹300 billion in equipment deals. Although it saw a 4% rise in revenue, Vodafone Idea still faces major debt, including ₹1,419.4 billion in deferred spectrum payments and ₹703.2 billion in AGR liabilities. While the company lost 5.1 million subscribers, its average revenue per user (ARPU) grew by 7.8% due to price hikes.

By Avi G

November 22, 2024

Science

India to See Above-Normal Rainfall in Winter as La Niña Conditions Set to Form

The APEC Climate Center is predicting a 62% chance of La Nina conditions from December 2024 to February 2025, with a shift to neutral conditions by March-May 2025. Global temperatures are expected to stay above normal, while India will see more rainfall than usual. The US Climate Prediction Center also expects La Nina to continue through early 2025. Some areas, like the western Indian Ocean and western equatorial Pacific, could experience less rainfall than usual.

By Avi G

November 22, 2024

Science

Delhi’s Air Quality Improves Slightly, But Still ‘Very Poor’ at 371 AQI

Delhi is India's most polluted city today, with an AQI of 371, categorized as "very poor." Lucknow and Patna follow, with AQIs of 367 and 249, respectively. Aizawl and Bagalkot recorded the lowest pollution levels at 27 and 43 AQI. Cities like Ahmedabad, Bhopal, and Jaipur also face poor air quality, while Thiruvananthapuram has satisfactory conditions.

By Avi G

November 22, 2024

Politics / Business / Technology

Congress Slams PM Modi Over US Bribery Charges Against Adani

Congress is pushing for a Joint Parliamentary Committee (JPC) investigation into the Adani Group’s financial dealings after Gautam Adani was charged with bribery and fraud in the US. Senior Congress leader Jairam Ramesh criticized Prime Minister Modi for his supposed ties to Adani and called for accountability. The charges from the US Securities and Exchange Commission (SEC) back Congress's concerns about Adani's business practices, especially in the solar energy sector.

By Avi G

November 21, 2024

Politics / Business / Technology

What Are the Allegations Against Gautam Adani in the US Bribery Scandal?

Gautam Adani, along with his nephew and six others, has been charged by US prosecutors for allegedly paying Rs 2,029 crore ($265 million) in bribes to Indian government officials to secure solar power contracts. The bribes, paid between 2020 and 2024, were hidden from US banks and investors. This case follows a 2023 report accusing the Adani Group of fraud and stock manipulation.

By Avi G

November 21, 2024

Politics / Business / Technology

Honasa Denies ₹300 Crore Inventory Overhang

Honasa Consumer Limited has denied claims by the All India Consumer Products Distributors Federation (AICPDF) about its distribution practices. The company clarified its inventory figures and explained its transition to a single-layered distribution model under "Project Neev." Honasa also reported improved financial metrics, including reduced accounts receivable and a better stock turnover ratio.

By Avi G

November 21, 2024

Politics / Business / Technology

Maharashtra Bitcoin Fraud: CBI Files Case Against Key Players in Rs 6,600-Crore Scam

The CBI has started looking into a Rs 6,600-crore bitcoin scam in Maharashtra, following a Supreme Court order. Two people, Amit and Ajay Bharadwaj, are the main suspects, with Ajay still on the run. The CBI's investigation follows earlier probes by the Enforcement Directorate (ED). At the same time, BJP MP Sudhanshu Trivedi accused NCP MP Supriya Sule and others of being involved in illegal bitcoin activities, but Sule denied the accusations, calling them politically motivated.

By Avi G

November 21, 2024

Politics / Business / Science / Technology

Karnataka’s Space Tech Policy Aims for 5% Global Market Share by 2029

Karnataka has released the Draft Space Tech Policy 2024-2029. The policy aims for the state to capture 5% of the global space market and 50% of India’s space sector. It focuses on creating high-skill jobs, developing space-based applications, and building a space manufacturing cluster. Karnataka plans to attract $3 billion in investments, support 500 start-ups, and train 5,000 professionals, including 1,500 women, for careers in the global space industry.

By Avi G

November 20, 2024

Politics

29% of Maharashtra Election Candidates Have Criminal Records, New Report Reveals

The ADR and Maharashtra Election Watch looked at 2201 candidates in the Maharashtra 2024 elections and found that 29% of them have criminal cases, with 19% facing serious charges. Even though the Supreme Court told political parties in 2020 to explain why they are choosing such candidates, these guidelines have been ignored, and parties continue to select people with criminal records.

By Avi G

November 19, 2024

Business / Entertainment / Technology

Mysterious One-Dish Restaurants on Zomato Spark Conspiracy Theories in Chandigarh

Users on social media have raised concerns about "one-dish" restaurants popping up on Zomato in Chandigarh. These outlets, offering only a single dish at high prices, have confused users due to their strange names and lack of reviews. Some speculate the establishments could be fronts for money laundering or drug-related activities. Others have called for an investigation into these suspicious listings.

By Avi G

November 19, 2024

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