News

The Indian Cabinet has approved two major ropeway projects in Uttarakhand, connecting Sonprayag to Kedarnath and Govindghat to Hemkund Sahib Ji, aiming to boost tourism and provide convenient access to these revered pilgrimage sites. These projects, part of the Parvatmala Pariyojana, will utilize advanced technology and offer eco-friendly travel options, significantly reducing travel time and enhancing the experience for pilgrims and tourists.

The Institute of Chartered Accountants of India (ICAI) is considering reviewing IndusInd Bank's books following accounting discrepancies in its derivatives portfolio, potentially leading to disciplinary action against the involved auditors. The bank's stock has plummeted by 30% since the announcement, raising concerns about governance and earnings predictability.

Truecaller's new real-time caller ID for iPhone, enabled by recent iOS 18 API changes, dramatically improves call identification accuracy and user experience while prioritizing privacy through advanced encryption and Apple's Private Relay. This update extends to VoIP calls and unlocks additional features for premium subscribers.

Tesla has raised concerns about potential retaliatory tariffs in response to President Trump's proposed tariffs on vehicles and parts. The electric vehicle manufacturer's policy team highlighted the risk of adverse effects on US companies due to the trade war, emphasizing the challenge of sourcing certain components domestically.

Temasek, a Singaporean investment firm, has acquired a 9-10% stake in Haldiram Snacks Foods, valuing the Indian company at a staggering $10 billion. This significant investment reflects the growing global appetite for India's fast-moving consumer goods (FMCG) sector and underscores the potential of the country's booming food and retail space.