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14 mentions found


☆ Selloff in Adani Group Stocks Wipes Out $47 Billion in Market Value
  + stars: | 2023-01-27 | by ( Weilun Soon | Shan Li | ) www.wsj.com   time to read: 1 min
The Bombay Stock Exchange in Mumbai. The benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low Friday. Shares of several companies linked to India’s richest man, Gautam Adani , fell sharply Friday, losing tens of billions of dollars in market value after a U.S. short seller’s allegations of fraud at his sprawling conglomerate continued to unnerve investors. Five of the seven listed Adani Group companies ended the day 16% to 20% lower, and the other two fell by the maximum 5% permitted by India’s exchanges for their stocks. The market’s benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low.
☆ Adani Group Calls Fraud Allegations Baseless, Bemoans Stock Moves
  + stars: | 2023-01-26 | by ( Shan Li | Weilun Soon | ) www.wsj.com   time to read: 1 min
The energy and infrastructure conglomerate controlled by Gautam Adani , India’s richest man, said stock-market moves that followed allegations of fraud outlined in a report by short seller Hindenburg Research had created anguish for Indian citizens. Adani Group ‘s seven listed companies lost a total of $10 billion in market value on Wednesday after New York-based Hindenburg accused the Indian conglomerate of wide-ranging fraud, including the use of shell companies to manipulate its share prices. Prices of U.S. dollar bonds issued by some of those companies also fell.
☆ At Least 68 Killed in Nepal Plane Crash
  + stars: | 2023-01-16 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com   time to read: 1 min
A plane crashed into a river gorge in central Nepal on Sunday, killing at least 68 people and sending Nepalese authorities into a scramble to determine what brought the aircraft down. The Yeti Airlines turboprop hit the gorge of the Seti River about a mile from its destination, Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.
☆ Nepal Plane Crash Kills Dozens, Some Remain Missing
  + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com   time to read: 1 min
A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 62, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.
☆ Nepal Plane Crash Kills Dozens, Many Remain Missing
  + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com   time to read: 1 min
A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 29, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.
☆ India Economic Growth Slows to 6.3% as Inflation, Global Headwinds Weigh
  + stars: | 2022-11-30 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com   time to read: 1 min
India’s gross domestic product grew 6.3% from July to September as global pressures on prices and supply chains, along with economic downturns in the U.S. and European Union, slowed its economic recovery. In April to June, the economy grew 13.5% from a year earlier, benefiting from the easing of covid restrictions, and from a comparison to a quarter in which India’s economy was hit hard by a fierce wave of the illness.
☆ Indian Prime Minister Narendra Modi’s Gujarat State Heads to the Polls
  + stars: | 2022-11-29 | by ( Shan Li | Krishna Pokharel | ) www.wsj.com   time to read: 1 min
GANDHINAGAR, INDIA—Gujarat, the home state of Indian Prime Minister Narendra Modi , will vote in state assembly elections starting this week, offering a barometer of the endurance of Mr. Modi’s personal appeal ahead of national elections in 2024 in which he will run for a third term. The Bharatiya Janata Party has ruled in the western coastal state for 27 years, and there is little doubt of another victory, but the party is leaving little to chance after a surprisingly tough challenge from its rival, the Indian National Congress Party, in 2017. Top BJP leaders were also stung by the party’s defeat in West Bengal last year after it poured money and resources into winning state elections there, analysts said.
☆ India Successfully Test Launches Its First Privately Developed Rocket
  + stars: | 2022-11-18 | by ( Shan Li | Vibhuti Agarwal | ) www.wsj.com   time to read: 1 min
The Vikram-S rocket blasted off at around 11:30 a.m. local time from the Sriharikota spaceport, reaching an altitude of 55.6 miles. India tested its first privately developed rocket on Friday with a successful suborbital launch that marks a step forward in the country’s push to develop a commercial space industry. The Vikram-S rocket, which was developed by the startup Skyroot Aerospace, blasted off at around 11:30 a.m. local time from the Sriharikota spaceport off the southern Indian state of Andhra Pradesh. It reached an altitude of 89.5 kilometers (55.6 miles), with all of the rocket’s systems working as planned, the company said.
☆ House Republicans are going after Hunter Biden. Here's why the White House should be worried.
  + stars: | 2022-11-18 | by ( Mattathias Schwartz | ) www.businessinsider.com   time to read: +7 min
The new GOP House majority will likely subpoena Hunter Biden as they dig into his business dealings. The career of Hunter Biden, on the other hand, has all the earmarks of a real one. Nor will it protect the Biden White House from potential fallout stemming from the Justice Department's own criminal investigation of Hunter Biden, which is ongoing. During Joe Biden's vice presidency, Hunter Biden was openly trading on the Biden family name. A lawyer for Hunter Biden did not respond to Insider's request for comment Friday about the looming possibility of a congressional inquiry.
☆ Omicron subvariants pose a new threat to people with immune deficiencies
  + stars: | 2022-10-23 | by ( Benjamin Ryan | ) www.nbcnews.com   time to read: +7 min
Troubling recent reports reveal the emergence of new omicron subvariants that not only evade AstraZeneca’s Evusheld, the antibody drug authorized to prevent Covid infection, but also the sole antibody drug that has retained effectiveness as treatment for Covid, Eli Lilly’s bebtelovimab. Doctors have cautioned that should Laura get Covid, this could aggravate her autoimmune disease and lead to catastrophic kidney damage. Evusheld is a long-acting antibody injection given every six months that studies have suggested provides a robust buffer to the immunosuppressed. For now, immunocompromised people are anxiously watching the pandemic forecast to see if the subvariants that research indicates evade monoclonal antibodies will become predominant. “If fewer people are prescribed Evusheld,” she said, “there’s less incentive for drug companies to start developing newer therapeutics.
☆ India’s Congress Party Ruled for Decades—Now It’s on Life Support
  + stars: | 2022-10-14 | by ( Rajesh Roy | Shan Li | ) www.wsj.com   time to read: 1 min
GUWAHATI, India—One of the most powerful political figures in the northeastern state of Assam spent two decades rising through the ranks of the Indian National Congress. But now Himanta Biswa Sarma governs his home state as a member of the ruling Bharatiya Janata Party. Mr. Sarma says he left Congress after losing faith in the party’s direction under Rahul Gandhi , the scion of the country’s once powerful political dynasty. In the seven years since he left, Mr. Sarma has ascended to the state’s top job—the role of chief minister—and has helped the BJP gain control of the state.
☆ Manufacturing News: Industry and Construction News
  + stars: | 2022-08-19 | by ( Esther Fung | Paul Berger | Richard Vanderford | ) www.wsj.com   time to read: 1 min
The Sinaloa and Jalisco organizations have taken over from Chinese sellers as a dominant source of the potent synthetic opioid, a leading cause of the U.S.’s record overdoses. Among the reasons, it is easier and less expensive to produce than heroin.
☆ Cryptovoxels is an artist-dominated metaverse featuring wearable blunts and eclectic locales like the Temple of Doge. Here's why OpenSea CEO Devin Finzer named it one of his favorite growing NFT proje
  + stars: | 2022-04-25 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +18 min
As the self-described "first non-engineer hire" to join Cryptovoxels, Robinson was brought on to fix these kinds of user nuisances. As part of the next rollout of features, Robinson tells me that Cryptovoxels will allow users to sell custom dances. According to Robinson, users can make money in other ways, like selling mini-game scripts and renting land for events like dances or NFT collection releases. For some reason, the Cryptovoxels world is also abundant with shrines, like the ancient Greece-inspired Frenetik Temple and the Jedi-themed Dark Junction. It's reminiscent of attending a presentation in the real world, except instead of pinning name tags to our shirts, they're superimposed over our heads in large white letters.
☆ Transgender TikTok creators say the app's mysterious 'For You' page is a breeding ground for transphobia and targeted harassment
  + stars: | 2021-02-27 | by ( Connor Perrett | ) www.businessinsider.com   time to read: +27 min
Brickham, a 38-year-old trans woman living in Florida, posted photos of her transition after seeing other trans creators do the same. But transgender creators say TikTok is an unwitting accelerator for transphobia and harassment. TikTok features — like duets, which allow users to respond to another user's videos — have also been a tool for harassers. Trans creators told Insider that the "For You" page allowed them to quickly find a community and support on the app. Creators told Insider that the transphobia they faced on TikTok was more intense than on other social-media platforms.
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