The US indictment against Adani Group is focused on one contract from Adani Green Energy, which makes up about 10% of the company's business, according to group CFO Jugeshinder Singh. He stressed that no other parts of the business are involved, and the issue is still under legal review. Singh said more details will be shared after consultations with legal advisors.
The Indian Army is looking to hire experts in fields like cybersecurity, IT, and linguistics to boost its tech capabilities for modern warfare. This effort, led by Lieutenant General Rakesh Kapoor, aims to keep the Army up-to-date with global military advancements. The first phase of recruitment will offer 17 specialized positions, with a focus on cutting-edge technologies like AI, cybersecurity, and robotics.
The Indian government has funded 28 creative ideas to tackle tomato price fluctuations and supply problems, including making wine from tomatoes. This idea, along with others like solar-powered storage units and eco-friendly packaging, came from the Tomato Grand Challenge hackathon. The goal is to create sustainable, waste-free solutions while keeping the tomato supply steady.
The 2024 Range Rover Evoque keeps its signature style but has a more polished and modern look. With a simple, clean interior, smart technology, and a 2-liter diesel engine that produces 204 bhp, the Evoque is both stylish and efficient in the premium SUV market. Even though it comes with a higher price tag, it offers a top-notch driving experience, mixing practicality with luxury.
Star India reported a consolidated net loss of ₹12,718 crore in FY24, down from a profit of ₹1,272 crore in FY23. Total income dropped by 8.9%, and expenses surged to ₹31,563 crore. Losses from subsidiaries grew, while sports arm Mashal Sports saw a big jump in profits. A new joint venture between Reliance, Disney, and Viacom 18 plans to combine TV and digital platforms.
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.
BSNL added 8.49 lakh new mobile subscribers in September, marking its second straight month of growth. Meanwhile, its competitors—Reliance Jio, Bharti Airtel, and Vodafone Idea—lost millions of customers due to tariff hikes. By the end of September, BSNL's total subscriber count reached 9.18 crore. Overall, the number of wireless subscribers in India dropped by 0.87%, with both rural and urban areas seeing losses.
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.