January 13, 2025
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Apple Fires Employees Over Alleged Misuse of Matching Grants Program; TANA Under Investigation

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Apple has reportedly terminated several employees of Indian origin in the US for allegedly exploiting its corporate matching grants program, according to the Times of India. The program allows Apple to match employee donations to eligible charities, but some employees allegedly fabricated donation records and redirected matched funds back to themselves. While reports Continue Reading
Business Featured Latest News

Gold Import Data Revised Downwards, Trade Deficit Narrows by $5 Billion

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The Directorate General of Commercial Intelligence and Statistics (DGCIS) has revised India’s gold import figures for November 2024 to $9.8 billion, significantly lower than the previously reported $14.8 billion. The $5 billion reduction was attributed to a “calculation error” caused by alleged double counting of gold shipments in warehouses following a Continue Reading
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India Reports First Cases of Human Metapneumovirus (HMPV) in Karnataka

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India has detected its first two cases of Human Metapneumovirus (HMPV) in Karnataka, the Ministry of Health and Family Welfare (MoHFW) announced. The infections were identified in a two-month-old girl and an eight-month-old boy, both with a history of bronchopneumonia and no international travel. While the girl has been discharged, the boy is recovering at […]Continue Reading
Business Featured Latest News

Tesla Reports First Annual Delivery Decline in Nine Years Amid Stiff Competition and Demand Slowdown

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Tesla has reported a 1.1% drop in yearly vehicle deliveries for 2024, marking its first annual decline in nearly a decade, with 1.79 million units sold, below analysts’ estimates of 1.806 million. Despite offering lucrative year-end incentives like interest-free financing and free fast-charging, the EV maker struggled to counter reduced European subsidies, growing Continue Reading
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Big Lenders Urge RBI to Use FX Swaps Amid Surge in Currency Financing Costs

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Several major lenders in India have requested the Reserve Bank of India (RBI) to consider injecting liquidity into the financial system using foreign-exchange (FX) swaps. This comes as short-term currency borrowing costs have surged to a four-year high. In recent informal discussions, the lenders suggested that FX swaps could provide much-needed liquidity by enabling the Continue Reading
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PM Modi to Inaugurate Flats for JJ Cluster Residents and Major Development Projects in Delhi

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Prime Minister Narendra Modi will inaugurate 1,675 newly built flats for Jhuggi Jhopri (JJ) cluster residents under the Swabhiman Apartments project in Ashok Vihar, Delhi, on January 3, 2024. Part of the Delhi Development Authority’s (DDA) In-Situ Slum Rehabilitation Project, these flats aim to provide affordable housing with essential amenities. Beneficiaries will Continue Reading
Business Featured Latest News

RBI to Sell Government Bonds Worth ₹4.73 Lakh Crore in Jan-March 2025

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The Reserve Bank of India (RBI) has announced plans to sell government bonds worth ₹4.73 lakh crore during the January-March 2025 quarter. These bonds, aimed at State Governments and Union Territories, will be issued through weekly auctions, the schedule for which will include details of participating states and UTs. The auctions will be conducted based […]Continue Reading
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Manipur CM Biren Singh Apologises for Ongoing Violence, Vows Normalcy by 2025

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Manipur Chief Minister N. Biren Singh issued a public apology for the ongoing violence in the state since May 2023, which has claimed around 200 lives and displaced thousands. Addressing the humanitarian crisis, he expressed regret and assured citizens of progress toward peace, stating, “I believe by 2025, normalcy will be restored.” Singh highlighted Continue Reading

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