Ola Electric is making changes to its workforce, affecting about 500 employees. The goal is to cut unnecessary roles, improve profit margins, and ensure long-term growth. This comes after similar changes were made in 2022. The company plans to focus more on electric vehicles, reduce costs, and expand its products and reach.
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.
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.
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.
A five-month-old baby and four others were killed in a double-decker bus accident on the Yamuna Expressway in Aligarh, Uttar Pradesh. The bus collided with a truck while traveling from Delhi to Azamgarh. 15 others were injured, including an 11-month-old girl and a 5-year-old child. The injured were rushed to a hospital, and police are investigating the incident.
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.
A huge crowd of Army hopefuls camped in Pithoragarh, Uttarakhand, for the Territorial Army recruitment. Thousands struggled with accommodation and transport issues, with some paying high fares. The administration denied the complaints, saying they had made enough arrangements, including food, transport, and places to stay in local schools. Even with these challenges, over 18,000 candidates showed up for just 133 available positions, which led to police stepping in due to the overcrowding.
The Telecom Regulatory Authority of India (TRAI) reported a drop in complaints about spam calls since August 2024, thanks to stricter rules. Complaints decreased by 20% from August to October. TRAI's actions included disconnecting and blacklisting offenders. They also upgraded technology to make messages traceable, with the deadline for completion set for November 30. TRAI has been holding webinars to spread awareness, involving industry stakeholders.
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.
A Reddit user shared their story of quitting a job on the first day after realizing it was a scam. They were asked to cold call 500 numbers and deal with unreasonable work hours. The company planned to take advantage of employees by not paying them if they didn’t meet targets. The user later turned to freelancing, grew their skills, and started earning more despite some early setbacks.