business

After the Hindenburg-Adani issue, 50-year-old  Lord Jo Johnson has resigned as the director of Elara Capital, an investment firm linked to Adani Group. At the same time, Johnson has cited a lack of expertise as a reason to quit from the firm. Besides the loss of $100 million, the Adani group is likely to lose investors and is also on the watchlist of the Reserve Bank of India. 

The International Monetary Fund (IMF) hailed the Indian Government’s Direct Benefit Transfer scheme, and called it as a “logistical Marvel.” The statement from the IMF came as a big accolade for the Narendra Modi-led Central Government, which launched the Direct Benefit Transfer (DBT) scheme. The aseeks to help people who are at low-income levels reach hundreds of millions of people is a logistical marvel.… read-more

Apple is all set to roll out its new product, iPhone 15, with a USB-C. After the recent launch of the iPhone 14 series, the company is expected to launch the new version by 2023. "The iPhone 15 is essentially a lock to get USB-C in the fall of 2023," said sources. Speaking of new USB-C specification, the change was made after a push by European markets, for environmental benefits.

With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue.  Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).

Adani group has announced to invest around Rs 65,000 crore in Rajasthan, in the next five to seven years. Adani group will reportedly set up a mega 10,000 MW solar power capacity in Rajasthan, creating over 40,000 direct and indirect jobs. The announcement was made during the inaugural session of the Invent Rajasthan Summit 2022 in Jaipur, on October 7.