Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses
The company’s net loss for the third quarter widened to $992.5 million compared with a loss of $630.9 million a year earlier.
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Airbnb stock up as revenue jumps
Airbnb reported third-quarter earnings on Thursday that showed revenue up 10% year-over-year.
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Fema case: ED searches sites tied to e-tailers
The Enforcement Directorate (ED) is investigating Amazon and Flipkart for potential violations of foreign exchange regulations. The probe, stemming from complaints about unfair business practices, focuses on allegations that the e-commerce giants manipulate pricing and disadvantage smaller vendors. While searches were conducted at vendor locations, the ED hasn’t targeted Amazon or Flipkart directly yet.
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Russia’s Putin congratulates Donald Trump on his victory
Russian President Vladimir Putin congratulated Donald Trump on his US election victory, expressing hope for improved relations. While welcoming Trump’s stated desire to restore ties and address the Ukrainian crisis, the Kremlin remains cautious, awaiting concrete policy proposals. Putin acknowledged the uncertainty surrounding Trump’s second term and emphasized the US’s role in strained relations.
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Scindia, other ex-royals slam Rahul for remark on British ties with ‘pliant maharajas’
Rahul Gandhi faced criticism from descendants of Indian royal families, including BJP minister Jyotiraditya Scindia, for claiming in an opinion piece that the East India Company exploited Indian rulers. Scindia accused Gandhi of historical ignorance and harboring a colonial mindset. Congress defended Gandhi, suggesting his critics were merely demonstrating loyalty to their current political affiliations.
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SC lets customs revive notices for Rs20k cr duty
The Supreme Court overturned its own 2021 ruling, granting the Central Board of Indirect Taxes and Customs the authority to pursue notices amounting to Rs 20,000 crore in potentially unpaid customs duties. The court recognized the designation of DRI officers as ‘proper officers’ for issuing these notices, validating a 2011 notification and a retrospective amendment…
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‘Global headwinds’ blamed for election result in first White House briefing since Nov 5
White House press secretary Karine Jean-Pierre attributed the Democrats’ election losses partly to global challenges affecting incumbent leaders worldwide. “There’s going to be a lot of punditry, a lot of election experts who are going to have their opinions, who are going to have their thoughts, but the president is very, very proud of what…
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SC: Compromise no ground to quash child sexual assault case
The Supreme Court of India overturned a High Court ruling that dismissed a sexual assault case against a teacher based on a compromise with the student’s family. The Supreme Court emphasized that such crimes are against society and cannot be quashed through settlements. The court stressed the gravity of the offense, especially given its occurrence…
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Rahul: People will avenge ‘attack’ on Constitution
Rahul Gandhi criticized Devendra Fadnavis for his remarks about the display of the Constitution at a Nagpur event, calling it an insult to Ambedkar. Gandhi accused the BJP of attacking the Constitution and vowed that the people of Maharashtra would retaliate in the Lok Sabha elections. Congress spokesperson Jairam Ramesh also condemned Fadnavis’s statement, highlighting…
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IAF, Navy start process to scrap cab aggregator deal over security fears
The Indian Air Force, Navy, and Coast Guard are terminating their agreements with Uber due to concerns about data security and potential location tracking of military personnel. Despite initial measures to protect data, the decision to scrap the contracts follows public controversy and aims to mitigate potential risks.
