A fight is brewing at the Perumbavoor Urban Cooperative Society due to alleged irregularities of over ₹100 crore. Aggrieved investors are forming a panel to contest the upcoming election to take control of the society. The society, mostly governed by the Congress, faced financial trouble due to fraud in property valuation for loans. Investors have…
The Indian market for GLP-1 drugs has not fully opened yet due to unavailability and affordability issues. However, Indian drugmakers are gearing up to launch copycat weight-loss drugs as the patents for Novo Nordisk’s brands are set to expire. Experts anticipate a rise in demand for these drugs in India, considering the country’s high rates…
Honda is gearing up to unveil its first electric scooter for India, likely to be called the Honda Activa Electric. The model is expected to share features with the iconic Activa brand while offering a range of about 100 km. The company has been experimenting with fixed and swappable battery options, similar to its electric…
ZELIO Ebikes is launching a new electric scooter, the X-MEN 2.0, on November 12, 2024. This scooter offers a 100 km range per charge, making it ideal for daily commutes. The company aims to make electric mobility more accessible in India by expanding its dealership network to 400 by March 2025. The X-MEN 2.0 is…
As Wall Street anticipates President-elect Donald Trump’s return to the White House, one area of stocks that could benefit the most is those that stand to gain from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory has reduced some political uncertainty and served as a catalyst for a surge in…
The Sweden’s Riksbank has cut interest rates by 50 basis points, signaling more cuts to come in the future. The UK’s bond yields slipped ahead of the Bank of England’s rate decision, while the pound ticked up despite expectations of an interest rate cut. The US Federal Reserve is also expected to cut rates by…
The first phase of the metro project in Indore, with an investment of Rs 7,500.80 crore, is set to transform the city’s transportation network. The initial metro trains will have three coaches, with plans to expand to six if passenger numbers rise. Preparations for the commercial operation of the metro rail have been intensified, with…
The Los Angeles Dodgers are considering moving eight-time All-Star Mookie Betts back to the infield, either at second base or shortstop, for the 2025 season. Betts has shown versatility, playing multiple positions, and the team values his selflessness and desire to win. The Dodgers may also pursue free agents to bolster their outfield, such as…
Maruti Suzuki is gearing up to launch the next-gen Desire on November 11, 2024. The upcoming model features updated exterior design with a large grille, LED DRLs, and improved aesthetics. Inside, expect a redesigned dashboard, 9-inch touchscreen infotainment system, and comfortable seating. The car will be powered by a 1.2-litre 3-cylinder engine generating 80 BHP…
The Ministry of Heritage and Tourism signed a financing agreement worth RO 12 million to establish a Maritime History Museum in the Wilayat of Sur, in partnership with Oman LNG and Oman India Fertilizer Company. The museum’s design won the Bilarab bin Haitham Award for Architectural Design, aiming to showcase Oman’s maritime heritage and boost…