Euro Canals News

The Centre finally stepped in to resurrect Vodafone Idea, the ailing telecom operator, and is going ahead to pick up around 33% stake in the company to emerge as the largest shareholder. The move came after promoters Aditya Birla group and Vodafone Plc assured that they will raise as much as 20,000 crore, apart from kickstarting the exercise to launch the high-speed 5G network.

The Centre on Friday moved to soothe sentiments of investors, with finance minister Nirmala Sitharaman saying the exposure of banks and financial institutions to the Adani Group was well within permissible limits. She added that investor confidence in India would remain high as the markets were well-regulated.

Elon Musk was found not guilty of fraud in a proposed deal to take Tesla private. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial. The verdict represents a major vindication for Musk, who spent about eight hours on the witness stand defending his motives for the August 2018 tweets at the center of the trial.

In the first rating action since the Hindenburg report, S&P has lowered the outlook on Adani Ports and Adani Electricity to negative from stable. The ratings agency cited the deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group.

WazirX is transferring funds from Binance to other wallets in order to continue operations. Binance has been cutting off service to WazirX, alleging misleading claims from Zanmai Labs, the owner of WazirX. However, WazirX says its funds are safe and that users can continue to trade, deposit and withdraw funds as usual.

Adani Group’s withdrawal of its Follow on Public Offer (FPO) will have no affect on the Indian economy’s image or macroeconomic fundamentals, Union finance minister Nirmala Sitharaman said on Saturday. “Foreign Exchange Reserve in the last two days has gone up by $8 billion. Neither our macroeconomic fundamentals nor our economy’s image have been affected,” said the FM.

One woman has seen her side hustle turn into a business with a £2.5million turnover and she is sharing how she did it.