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Zomato has addressed concerns regarding the emergence of suspicious 'one-dish' restaurants on its platform, particularly in Chandigarh, where users have speculated these establishments may be fronts for illegal activities such as drug trade or money laundering. In response to the criticism, Zomato confirmed it has delisted fraudulent listings and is investigating other restaurants with limited menus that may have circumvented regulations by using generic food names. A spokesperson emphasized that all listed restaurants must possess a FSSAI license and that Zomato actively blocks items like alcohol and tobacco. The company acknowledged that some listings were able to exploit the system, prompting them to enhance fraud detection measures. The controversy ignited after social media users noted the high prices and lack of reviews for these restaurants, leading to widespread speculation about their legitimacy. 
Published: Nov 21 2024, 10 ameznews.inNEW DELHI: The Aam Aadmi Party (AAP) has announced 11 candidates for the upcoming Delhi Assembly elections, expected early next year. Notable candidates include Brahma Singh Tanwar from Chhatarpur and Anil Jha from Kiradi, both former BJP legislators who recently joined AAP. Other candidates are Deepak Singhla for Vishwas Nagar, Sarita Singh for Rohtas Nagar, BB Tyagi for Laxmi Nagar, and Ram Singh Netaji for Badarpur. Zubair Chaudhary, son of a former Congress MLA, will contest in Seelampur, while Veer Singh Dhingan, a three-time MLA from Seemapuri, also joins AAP from Congress. Gaurav Sharma and Manoj Tyagi complete the list from Ghonda and Karawal Nagar, respectively, with Somesh Shaukeen representing Matiala. The list includes six former members of rival parties, and AAP has denied candidacies to three sitting MLAs, leaving their future in the party uncertain.
Published: Nov 21 2024, 2 pmeznews.inThe Adani Group has firmly rejected allegations made by the US Department of Justice and the US Securities and Exchange Commission, asserting that the claims against its directors are "baseless and denied." In a statement, the group emphasized its commitment to high standards of governance and transparency, stating that the allegations should be viewed as mere accusations, as the defendants are presumed innocent until proven guilty. The Adani Group plans to explore legal options in response to the allegations. Meanwhile, BJP leaders have criticized the US actions, with Amit Malviya calling it an abuse of jurisdiction and suggesting that Indian courts could similarly accuse American firms of misconduct. Sambit Patra added that the company will defend itself against the allegations, maintaining that due legal processes should be respected. The Adani Group reassured stakeholders of its compliance with all laws across its operations.
Published: Nov 21 2024, 2 pmeznews.inThe rise of artificial intelligence (AI) has reshaped the tech landscape, leaving established brands like Intel struggling to adapt. Once a dominant force in microchips, Intel now faces stiff competition from Nvidia, which has capitalized on the AI boom. While Intel’s revenues grew marginally to $55.11 billion, Nvidia saw a staggering 126% increase, reaching $60.9 billion. The contrast in market capitalization is stark, with Nvidia valued at $3.61 trillion—35 times Intel's $104.4 billion. This shift mirrors historical trends where companies like IBM and Microsoft successfully reinvented themselves, unlike Intel, which has failed to embrace the transformative changes brought by AI. As the tech industry evolves, Intel's inability to innovate may lead it to join the ranks of defunct brands like Remington and Olivetti, underscoring the necessity for businesses to adapt or risk obsolescence in the fast-changing digital ecosystem.
Published: Nov 21 2024, 2 pmeznews.inGoldman Sachs forecasts that Indian equities will remain rangebound over the next three months after entering correction territory, following the worst earnings season in four years. The brokerage maintains a "marketweight" stance on Indian stocks, projecting the Nifty 50 index to reach 24,000 points, representing a nearly 3% increase from current levels. This marks a shift from last month’s prediction of a slight decline. The Nifty and BSE Sensex have both fallen over 10% from their all-time highs due to significant foreign outflows and disappointing corporate earnings. Goldman anticipates a long-term recovery, with the Nifty potentially hitting 27,000 in 12 months, driven by expected earnings growth of 13%-16% in 2025. However, the firm cautions that current valuations, at nearly 23 times forward earnings, remain above what they consider 'fair value,' posing a risk of further de-rating.
Published: Nov 21 2024, 2 pmeznews.inDelhi's Khan Market has been ranked as the 22nd most expensive high street globally, maintaining its status as India's priciest retail location with annual rents of $229 per square foot (approximately Rs 19,330), reflecting a 7% year-on-year growth, according to a Cushman & Wakefield report. The report highlights that Delhi-NCR hosts the top three most expensive retail streets in India, including Connaught Place and Galleria Market, with rents of $158 and $156 per square foot, respectively. The limited availability of retail space in Khan Market intensifies competition, leading to rising rental values. As malls face supply constraints, main streets in India are thriving, achieving an 11% increase in leasing activity year-to-date. Milan's Via Montenapoleone has surpassed New York's Upper 5th Avenue to become the world's most expensive retail destination, with global rental growth averaging 4.4%.
Published: Nov 21 2024, 1 pmeznews.inVoting for the 2024 Maharashtra Assembly election concluded on Wednesday, igniting a fierce debate between the ruling Mahayuti coalition and the opposition Maha Vikas Aghadi (MVA) regarding exit poll predictions. Five of nine exit polls suggest a Mahayuti victory, while three indicate a hung assembly, and only one predicts a significant MVA win. Critics caution against placing too much faith in exit polls, recalling mispredictions in Haryana and Jammu and Kashmir. Outgoing Deputy Chief Minister Devendra Fadnavis expressed optimism, citing an increased voter turnout of approximately 65%, while MVA leaders, including Sanjay Raut and Nana Patole, dismissed the polls as fraudulent and asserted their coalition's chances of success. The Maharashtra Assembly comprises 288 seats, with the majority threshold set at 145; exit polls average the Mahayuti’s seats at 150 and the MVA's at 125, though one poll suggests the MVA could secure 150 seats.
Published: Nov 21 2024, 1 pmeznews.inIn New Delhi, police detained BJP Delhi unit chief Virendra Sachdeva and several party supporters during a protest outside Aam Aadmi Party (AAP) leader Arvind Kejriwal's residence, sparked by allegations that Kejriwal's administration spent Rs 45 crore on renovations during his tenure as Chief Minister. The demonstration, which drew hundreds of BJP supporters, criticized the AAP's spending amid concerns over local governance ahead of the 2025 Delhi Assembly elections. Former AAP minister Kailash Gahlot, who recently switched to the BJP, highlighted the controversy, suggesting it undermined AAP's commitment to its core values. He voiced confidence that the BJP would win the upcoming elections, citing public dissatisfaction with AAP's governance. The AAP defended the renovations as necessary improvements to an outdated residence, asserting that they were recommended by the Public Works Department.
Published: Nov 21 2024, 12 pmeznews.inThe Central Bureau of Investigation (CBI) has summoned Gaurav Mehta, an employee of Sarathi Associates, as part of its investigation into a multi-crore bitcoin scam linked to Maharashtra politicians Supriya Sule and Nana Patole. The summons follows a search by the Enforcement Directorate (ED) at Mehta's property in Raipur, Chhattisgarh. The CBI has filed a case against the late Amit Bhardwaj and his brother Ajay Bhardwaj for allegedly orchestrating a Ponzi scheme involving bitcoins worth Rs 6,600 crore in 2017. The political implications emerged during the Maharashtra assembly election campaign when retired IPS officer Ravindranath Patil accused Sule and Patole of involvement in the fraud, claiming the funds were used to influence election outcomes. Sule has vehemently denied the allegations, challenging the BJP to a public debate on the matter, which she describes as mere conjecture and innuendo.
Published: Nov 21 2024, 12 pmeznews.inThe Supreme Court of India remarked that even 26/11 terrorist Ajmal Kasab received a fair trial, as it reviewed the CBI's appeal against a Jammu court order requiring separatist leader Yasin Malik to appear in person for his trial. Malik, the primary accused in the 1990 killings of four Indian Air Force personnel and the 1989 kidnapping of Rubaiya Sayeed, is currently serving a life sentence in Tihar Jail for terror funding. The CBI expressed concerns that Malik's appearance could jeopardize local security and witness safety, suggesting instead that the trial be moved to Delhi if he insists on attending in person. Solicitor General Tushar Mehta emphasized Malik's significant connections to terrorism, while the bench discussed the logistics of conducting the trial, including potential arrangements for a court to be held in jail. The case will be reviewed again next Thursday.
Published: Nov 21 2024, 12 pmeznews.inA manipulated video circulating on social media falsely claims to show Indian Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das endorsing a government income-generating project, urging citizens to invest Rs 21,000 for promised returns of Rs 15 lakh within a month. However, fact-checking confirms that the video is a deepfake, utilizing AI-driven facial and voice alterations. The clips of both officials were taken from unrelated public appearances, with Sitharaman discussing the Indian economy and Das addressing monetary policy, neither of which involved any such investment scheme. The Reserve Bank of India later clarified that these videos are fake and warned the public against potential scams linked to them. This incident highlights the growing concern over deepfake technology being used to mislead and defraud individuals online.
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