A Delhi-Jabalpur SpiceJet aircraft had to return to the Delhi airport on Saturday morning after the cabin crew noticed smoke inside the plane.The smoke was noticed when the aircraft was flying at a height of 5,000ft. News agency ANI shared a video showing how passengers were fanning themselves with newspapers and airline booklets as the smoke entered the cabin.A SpiceJet spokesperson said all passengers deboarded the plane safely at Delhi airport. On June 19, a Delhi-bound Spicejet flight had to return to Patna airport after it caught fire hit by a bird.

On camera: smoke inside cabin forces Spicejet flight to return to Delhi

SpiceJet cabin smokes up at 5000 feet, flight turned around

Watch: Smoke fills up SpiceJet cabin mid-air

SpiceJet spokesperson: All the passengers have been safely disembarked

A Delhi-Jabalpur SpiceJet aircraft had to return to the Delhi airport on Saturday morning after the cabin crew noticed smoke inside the plane. The smoke was noticed when the aircraft was flying at a height of 5,000ft. News agency ANI shared a video showing how passengers were fanning themselves with newspapers and airline booklets as the smoke entered the cabin. A SpiceJet spokesperson said all passengers deboarded the plane safely at Delhi airport.&nbsp; On June 19, a Delhi-bound Spicejet flight had to return to Patna airport after it caught fire hit by a bird.
Also watch: <a href="https://www.editorji.com/business-news/indigo-cabin-crew-s-refusal-for-food-to-a-6-yr-old-leaves-internet-divided-1655807215843" target="_blank">IndiGo cabin crew's refusal for food to a 6-yr-old leaves internet divided</a>

Auto-Taxi Price Hike in Delhi : Transport Ministry announced that announced that the metre down fees for three wheelers, which had previously been set at Rs 25, would now be Rs 30. After that, every kilometre will cost Rs. 11 rather than Rs. 9.50. 

Auto-Taxi Price Hike in Delhi : Auto-Rickshaw, Taxi Fares hiked in Delhi

Auto and taxis in the national capital will now cost more. Here is how much meter down and per kilometre will cost you now. 

Auto, Taxi fares hiked in Delhi

"Based on the recommendations, we will be hiking the fares after Cabinet approval," Gahlot told PTI.

Auto-Taxi Price Hike: Auto and taxis in the national capital will now cost more. Reports indicate that officials of the Transport Ministry announced that announced that the metre down fees for three wheelers, which had previously been set at Rs 25, would now be Rs 30. After that, every kilometre will cost Rs. 11 rather than Rs. 9.50. The proposal will get a formal nod from the cabinet soon.&nbsp;
The metre down fee for taxis will also increase from Rs. 25 to Rs. 40.The per-kilometer fare for non-AC taxis would increase to Rs. 17 from Rs. 14 while the per-kilometer fare for AC taxis will increase to Rs. 20.
<a href="https://www.editorji.com/business-news/personal-finance/new-wage-code-your-salary-pf-and-work-timings-can-change-from-today-1656650444342" target="_blank">New Wage Code: Your salary, PF and work timings can change from today</a>
App-based aggregators had already hiked their prices while there had been no revision in the prices of auto-rickshaws and taxis, whose fares are regulated by the government.
The <a href="https://www.editorji.com/business-news/cng-price-hike-cng-price-increased-by-rs-2-per-kg-in-delhi-second-hike-in-less-than-a-week-1653097551181" target="_blank">price of CNG </a>has risen to Rs 75.61 per kg within a span of over six months. It was Rs 52.04 on January 1 this year.

Android Automotive is an operating system that can power a car's instrument cluster and infotainment system.

BMW cars will adopt Android Automotive from 2023

Android Automotive is an operating system that can power a car's instrument cluster and infotainment system.

From March 2023, BMW will start developing its BMW Operating System 8, an infotainment software based on Google&rsquo;s Android Automotive.&nbsp;
The company now joins other prominent automakers such as Volvo, Honda, General Motors and Ford in announcing the development of Android Automotive-based car infotainment systems.
BMW&rsquo;s current infotainment system is based on Linux.&nbsp;
Android Automotive is a full-fledged operating system for cars that can be built into instrument clusters and infotainment systems. It is not to be confused with Android Auto, which only connects your phone to your car's dashboard.
Also watch: <a title="5 problems with viral 'flying hotel' design: nuclear-powered giant plane impossible to make?" href="https://www.editorji.com/tech-news/5-problems-with-viral-flying-hotel-design-nuclear-powered-giant-plane-impossible-to-make-1656588701924">5 problems with viral 'flying hotel' design: nuclear-powered giant plane impossible to make?</a>

A fraud  that is unmatched in India, hit by it 17 banks that were defrauded of Rs 34,000 cr allegedly by the promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan.It exploded in 2019, when digital platform 'Cobrapost' claimed to have unearthed what it titled - 'India's biggest financial scam' perpetuated as per their expose by the then promoters of the company.  Cobrapost claimed that the scam has primarily been pulled off through grants of loans and advances to shell companies and by using other means leaving a large consortium of banks led by Union Bank with bad debt of over Rs 31,000 cr. A lot is at stake as this news breaks as DHFL is a listed NBFC in the business of lending money especially to promoters who are reportedly engaged in slum rehabilitation, housing development and other real estate businessCobrapost then went on to give pages worth of investigative material supporting their claim of a massive loan fraud. Lenders obviously panic and call for a special meeting and on  February 1, 2019 appointed KPMG to conduct a "special review audit" of DHFL from April 1, 2015 to December 31, 2018. Reportedly, KPMG, in its audit, red-flagged diversion of funds in the garb of loans and advances to related and interconnected entities and individuals of DHFL and its directors. 
The promoters of erstwhile DHFL, Kapil and Dheeraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enforcement Directorate for the alleged fraud caused to Yes Bank n connivance with the bank's cofounder Rana Kapoor who is also lodged at Taloja jail on the outskirts of Mumbai.
 

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam detailed

CBI has booked former promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan

A fraud&nbsp; that is unmatched in India, hit by it 17 banks that were defrauded of Rs 34,000 cr allegedly by the promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan. It exploded in 2019, when digital platform 'Cobrapost' claimed to have unearthed what it titled - 'India's biggest financial scam' perpetuated as per their expose by the then promoters of the company.&nbsp; Cobrapost claimed that the scam has primarily been pulled off through grants of loans and advances to shell companies and by using other means leaving a large consortium of banks led by Union Bank with bad debt of over Rs 31,000 cr.&nbsp; A lot is at stake as this news breaks as DHFL is a listed NBFC in the business of lending money especially to promoters who are reportedly engaged in slum rehabilitation, housing development and other real estate business Cobrapost then went on to give pages worth of investigative material supporting their claim of a massive loan fraud.&nbsp; Lenders obviously panic and call for a special meeting and on February 1, 2019 appointed KPMG to conduct a "special review audit" of DHFL from April 1, 2015 to December 31, 2018. Reportedly, KPMG, in its audit, red-flagged diversion of funds in the garb of loans and advances to related and interconnected entities and individuals of DHFL and its directors.&nbsp; Auditor Grant Thornton also in its 98-page report reportedy detailed the mode of operation of "round tripping" of funds through fake loans which focuses on 91 entities wherein the auditor found that no collateral or security was obtained before the grant of these loans. In total, 2.60 lakh "fake and fictitious" home loan accounts were created and over Rs 11,000 cr was 'disbursed'.
The promoters of erstwhile DHFL, Kapil and Dheeraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enforcement Directorate for the alleged fraud caused to Yes Bank n connivance with the bank's cofounder Rana Kapoor for allegedly involving kickbacks for investing in DHFL. Rana Kapoor is also lodged at Taloja jail on the outskirts of Mumbai.
To add to that agency has now unearthed a scam linked to the Pradhan Mantri Awas Yojana (PMAY). According to the CBI, Kapil and Dheeraj Wadhawan created "fake and fictitious" home loan accounts amounting to over Rs 14,000 crore and availed Rs 1,880 crore in interest subsidy from the Government of India. The CBI has named DHFL, Kapil Wadhawan, Dheeraj Wadhawan along with 13 others and they have been booked on charges of cheating, fraud and under relevant sections of the Prevention of Corruption Act.

After leading the pack as one of the most expensive cities to live in, New York's rent regulation panel approved o hike rents on more than one million rent stabilized apartments. 
According to a report, a city resident needs to make a salary of $110,000 to afford the median asking rent of $2,750 for available apartments, meaning putting no more than 30% of one’s gross income toward housing. 
Soaring inflation has hit tenants and property owners, and the effect on landlords’ ability to maintain buildings was one of the major factors that the board considered. 

NYC rents skyrocket: Only 1 out of 5 full-time workers can afford it  

New York's rent regulation panel has approved to hike rents on more than one million rent stabilized apartments by 3.2%, the biggest jump in 10 years. 

2.4 million New York City tenants will face the biggest rent hikes they&rsquo;ve seen in nearly a decade

For those hoping to get an affordable rent-controlled flat like Carrie-Bradshaw or Monica and Rachel, that may be a distant dream now. 2.4 million New York City tenants will face the biggest rent hikes they&rsquo;ve seen in nearly a decade.&nbsp; New York's rent regulation panel has approved to hike rents on more than one million rent stabilized apartments by 3.2%, the biggest jump in 10 years.&nbsp;
Also read/watch| <a title="Price of scooter and bikes to be hiked from July 1" href="https://www.editorji.com/business-news/price-of-scooter-and-bikes-to-be-hiked-from-july-1-1656052341071">Price of scooter and bikes to be hiked from July 1</a> As per experts, if you wanted to rent an apartment in NY city you will need to shell out the average asking rent of $2,750 per month for available apartments. Bloomberg cites a New York City Department of Housing Preservation and Development report that found only 23% of full-time workers in the city can afford median rent. So only 1 out of 5 full-time workers can afford to live in the city that does not sleep.&nbsp;

Germany, Europe's biggest economy, is at the brink of a energy crisis as supplies from Russia dwindle. Germany has raised the risk level in its national gas emergency plan to the second-highest &ldquo;alarm&rdquo;.&nbsp;Russia's state gas company Gazprom slashed flows through the Nord Stream 1 pipeline to Germany by 60% starting June 14&ldquo;We mustn&rsquo;t delude ourselves: cutting gas supplies is an economic attack on us by Putin,&rdquo; Economy Minister Robert Habeck said. &ldquo;We defend ourselves against this. But it will be a rocky road that we as a country now have to walk. Even if you don&rsquo;t really feel it yet: we are in a gas crisis."&nbsp;The third and highest &ldquo;emergency&rdquo; level would involve state control over distribution and bring back 'rationing' of scarce commodities. Germany gas-storage facilities, are currently around 58% and require 100 days at current rate to be back upto average level of 90%.&nbsp;Germany, which relies on Russia for more than a third of its gas supplies, had previously sought to maintain robust energy ties with Moscow despite rising sanctions.&nbsp;

Germany triggers ‘alert level’ of emergency gas plan; EU says Russia weaponising energy


Russia's state gas company Gazprom slashed flows through the Nord Stream 1 pipeline to Germany by 60% last week.

Explained: Germany one step away from rationing gas, Russia cuts supply

Europe&rsquo;s largest economy now sees a high risk of long-term gas supply shortages.

Germany, Europe's biggest economy, is at the brink of a energy crisis as supplies from Russia dwindle. Germany has raised the risk level in its national gas emergency plan to the second-highest &ldquo;alarm&rdquo;.&nbsp; Russia's state gas company Gazprom slashed flows through the Nord Stream 1 pipeline to Germany by 60% starting June 14 &ldquo;We mustn&rsquo;t delude ourselves: cutting gas supplies is an economic attack on us by Putin,&rdquo; Economy Minister Robert Habeck said. &ldquo;We defend ourselves against this. But it will be a rocky road that we as a country now have to walk. Even if you don&rsquo;t really feel it yet: we are in a gas crisis."&nbsp; The third and highest &ldquo;emergency&rdquo; level would involve state control over distribution and bring back 'rationing' of scarce commodities. Germany gas-storage facilities, are currently around 58% and require 100 days at current rate to be back upto average level of 90%.&nbsp; Germany, which relies on Russia for more than a third of its gas supplies, had previously sought to maintain robust energy ties with Moscow despite rising sanctions.&nbsp;

Media Baron, 91 year old Murdoch is headed for his fourth divorce after 6-years of marriage with model Jerry Hall. Murdoch who controls a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal, is no stranger to divorce was previously married to Wendi Deng from 1999 to 2013; Anna Maria Torv from 1967 to 1999; and Patricia Booker, from 1956 to 1967. 
 Rupert Murdoch Jerry HallWendi Deng Murdoch Mick Jagger Brent LangThu, June 23, 2022, 12:31 AM·2 min read  In this article: 
   
   
   
   Rupert MurdochAustralian-born American media mogul Jerry HallAmerican actressWendi Deng MurdochChinese-American businesswoman (1968-) Mick JaggerEnglish songwriter, singer of The Rolling Stones   Rupert Murdoch and Jerry Hall are divorcing after six years of marriage.
The 91-year-old media mogul and the 65-year-old model tied the knot in 2016. It was Murdoch’s fourth marriage. He was previously married to Wendi Deng from 1999 to 2013; Anna Maria Torv from 1967 to 1999; and Patricia Booker, from 1956 to 1967. Hall had been married to Mick Jagger, the rock star and lead singer of the Rolling Stones.Hall is a supermodel who also acted in such films as Tim Burton’s “Batman” and starred as Mrs. Robinson in a Broadway production of “The Graduate. Jerry Hall was also previously married to Mick Jagger, the rock star and lead singer of the Rolling Stones.Ranked 265th on the Bloomberg Billionaire Index, Murdoch is reportedly worth $7.5 billion. 

Media Moghul Rupert Murdoch heads for 4th divorce at 91

Media Mogul Rupert Murdoch heads for 4th divorce at 91

Rupert Murdoch and Jerry Hall, a former top model, are reportedly set to divorce.

Media Baron, 91 year old Rupert Murdoch is headed for a divorce after 6-years of marriage with model Jerry Hall. Murdoch who controls a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal, is no stranger to divorce was previously married to Wendi Deng from 1999 to 2013; Anna Maria Torv from 1967 to 1999; and Patricia Booker, from 1956 to 1967.
 Also read/watch| <a title="Did Uber explore selling India unit?" href="https://www.editorji.com/business-news/did-uber-explore-selling-india-unit-1655966484985">Did Uber explore selling India unit?</a> Hall is a supermodel who also acted in such films as Tim Burton&rsquo;s &ldquo;Batman&rdquo; and starred as Mrs. Robinson in a Broadway production of &ldquo;The Graduate. Jerry Hall was also previously married to Mick Jagger, the rock star and lead singer of the Rolling Stones. Ranked 265th on the Bloomberg Billionaire Index, Murdoch is reportedly worth $7.5 billion.&nbsp;

Over 4 lakh homes are either delayed or unfinished by builders across seven major cities as per a report. So if you are one of the unfortunate consumers who is stuck with an unfinished home here are your options-:
Register a complaint with the authority: The first option is to file a consumer complaint with the Real Estate Regulation and Development Authority (RERA) for delayed projects. RERA permits a homebuyer a choice of seeking either interest on delayed possession or a complete refund of the money paid along with interest thereon.
Legal recourse: Depending on the value of the property, buyers can approach the National Consumer Disputes Redressal Commission (NCDRC) -- a quasi-judicial commission set up in 1988 under the Consumer Protection Act, 1986. 
Progress and EMI: Experts suggest to keep a close watch on the schedule of progress updates being provided by the builders. If there is a delay or no updates one is recommended contact RERA along with EMI payments made so far. 

Home buyers dilemma as housing projects get stuck! What to do

Housing project stuck? Here is what you can do 

Report shows over 4 lakh&nbsp;homes stuck/delayed by builders across major cities

Over 4 lakh homes are either delayed or unfinished by builders across seven major cities as per a report. So if you are one of the unfortunate consumers who is stuck with an unfinished home here are your options-:
Register a complaint with the authority: The first option is to file a consumer complaint with the Real Estate Regulation and Development Authority (RERA) for delayed projects. RERA permits a homebuyer a choice of seeking either interest on delayed possession or a complete refund of the money paid along with interest thereon.
Also read/watch| <a title="Is Beyonce singing about the 'Great Resignation'?" href="https://www.editorji.com/business-news/is-beyonce-singing-about-the-great-resignation-1655882822861">Is Beyonce singing about the 'Great Resignation'?</a>
Legal recourse: Depending on the value of the property, buyers can approach the National Consumer Disputes Redressal Commission (NCDRC) -- a quasi-judicial commission set up in 1988 under the Consumer Protection Act, 1986.&nbsp;
Progress and EMI: Experts suggest to keep a close watch on the schedule of progress updates being provided by the builders. If there is a delay or no updates one is recommended contact RERA along with EMI payments made so far.&nbsp;

It is not just the tech titans are taking home the big moneys! A recent survey by Deloitte India shows that the average compensation of CEOs is now the highest in 3 years averaging over Rs 11 crores. There is a also a big difference between the top boss and other senior management. As per the Deloitte India Executive Remuneration Survey.  the average compensation for the CEOs was 2.7 times that of chief financial officers, 3.7 times that of business unit heads, and 4.1 times that of chief human resource officers. The closes to a CEO compensation is the post of COO but is still with a with a wide margin as the Chief Executive Officer on average in FY22 was paid 2.4 times what a COO was handed out. The report also highlights that on average, more than half of the total compensation for CEOs is variable. The survey covered more than 470 companies across manufacturing, consumer products, IT, ITeS, services, life sciences and financial services sector
 

CEO salary now averages Rs 11 cr a year, highest in 3 years: Deloitte Survey

A recent survey by Deloitte India shows that the average compensation of CEOs is now the highest in 3 years. 

This is what an average CEO salary in India is...

As per the Deloitte India Executive Remuneration Survey.&nbsp; the average compensation for the CEOs was 2.7 times that of chief financial officers

It is not just the tech titans who are taking home the big money! A recent survey by Deloitte India shows that the average compensation of CEOs is now the highest in 3 years averaging over Rs 11 crores.&nbsp; There is also a big difference between the top boss and other senior management. As per the Deloitte India Executive Remuneration Survey.&nbsp; the average compensation for the CEOs was 2.7 times that of chief financial officers, 3.7 times that of business unit heads, and 4.1 times that of chief human resource officers.&nbsp;
Also read/watch| <a title="Grasping at straws! Juice boxes face big problems, squeezed by deadline" href="https://www.editorji.com/business-news/grasping-at-straws-juice-boxes-face-big-problems-squeezed-by-deadline-1655867088422">Grasping at straws! Juice boxes face big problems, squeezed by deadline</a> The closes to a CEO compensation is the post of COO but is still with a with a wide margin as the Chief Executive Officer on average in FY22 was paid 2.4 times what a COO was handed out. The report also highlights that on average, more than half of the total compensation for CEOs is variable. The survey covered more than 470 companies across the manufacturing, consumer products, IT, ITeS, services, life sciences and financial services sectors.&nbsp;

From 2017 to 2021, Binance processed transactions totalling at least $2.35 billion stemming from hacks, investment frauds and illegal drug sales, a report by Reuters stated as they calculated from an examination of court records, statements by law enforcement and blockchain data.
Separately, crypto researcher Chainalysis, hired by U.S. government agencies to track illegal flows, concluded in a 2020 report that Binance received criminal funds totalling $770 million in 2019 alone, more than any other crypto exchange. Binance CEO Changpeng Zhao accused Chainalysis on Twitter of “bad business etiquette."
Reuters reviewed detailed data about Binance client transactions on 'darknet' sites – marketplaces for narcotics, weapons and other illegal items. Most of the data was provided by Crystal Blockchain, an Amsterdam-based analysis firm that helps companies and governments trace crypto funds. The data showed that from 2017 to 2022, buyers and sellers on the world’s largest darknet drugs market, a Russian-language site called Hydra, used Binance to make and receive crypto payments worth $780 million. Reuters cross-checked these figures with another analysis firm, which agreed with the findings.
In Germany, police said investigators began seeing criminals in Europe turn to Binance in 2020 to launder some of the proceeds from investment fraud schemes that caused victims, many of them pensioners, to lose in total 750 million euros ($800 million). 
The report also pointed out how North Korea’s Lazarus used Binance to launder some of the cryptocurrency stolen from Eterbase.
Binance, however, said it uses transaction monitoring and risk assessments to ensure that any illegal funds are tracked, frozen, recovered and/or returned to their rightful owner.
With around 120 million users worldwide, Binance processes crypto trades worth hundreds of billions of dollars a month.

Is Binance a safe-house for hackers, fraudsters and drug traffickers?

Is the world's largest crypto exchange Binance a safe-house for hackers, fraudsters and drug traffickers operating from Russia to North Korea?

Binance is said to have been an easy exchange to launder money through due to its previously lax KYC requirements.

A new report from Reuters claims Binance allowed more than $2.35 billion worth of criminal funds to process through its exchange unchecked. As per the investigation, from 2017 to 2021, Binance processed transactions totalling at least&nbsp;$2.35 billion&nbsp;stemming from hacks, investment frauds and illegal drug sales, a report by&nbsp;Reuters stated as they calculated from an examination of court records, statements by law enforcement and blockchain data. The Reuters report singles out entities having allegedly laundered money through Binance, including the Lazarus Group, the North Korean cybercrime syndicate responsible for&nbsp;hacking&nbsp;$550 million from the Ronin bridge last year. Hydra, a giant Russian-language darknet marketplace that used cryptocurrencies for the sale and purchase of drugs, is also said to have used Binance to process more than $780 million since early 2018 as per the report.&nbsp;
Separately, crypto researcher Chainalysis, hired by U.S. government agencies to track illegal flows, concluded in a 2020 report that Binance received criminal funds totalling $770 million in 2019 alone, more than any other crypto exchange. Binance CEO Changpeng Zhao accused Chainalysis on Twitter of &ldquo;bad business etiquette."
Binance, however, said it uses transaction monitoring and risk assessments to ensure that any illegal funds are tracked, frozen, recovered and/or returned to their rightful owner. A&nbsp;Binance spokesperson was quoted saying that &ldquo;the article uses outdated information from 2019 and unverified personal attestations as a crutch to establish a false narrative&rdquo; before highlighting Binance&rsquo;s cooperation with law enforcement in multiple cybercrime investigations.
&nbsp;

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Ambuja Cements and ACC could be on a sale as the Swiss-based parent company Holcim Group, which is also the biggest cement maker in the world, may soon exit India.
As per reports, Holcim Group is looking to exit India after 17 years as it has been selling off non-core assets to reduce debt and diversify through acquisitions. It divested its Brazilian unit for $1 billion in September and is also planning to sell its business in Zimbabwe.
In what could potentially be the largest M&A deal in India, the combined market capitalisation of the two cement companies is Rs 1.14 lakh crore ($15 billion) with Ambuja alone being at Rs 73,349 crore ($9.7 billion).
Holcim owns 63.1% of Ambuja Cements. Ambuja Cement in turn owns 50.05% of ACC Ltd. Holcim owns another 4.48% of ACC directly.
As per Economic Times, Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp up.

Ambuja Cements, ACC up for sale?

Ambuja Cements and ACC could be on a sale as the Swiss-based parent company Holcim Group, which is also the biggest cement maker in the world, may soon exit India.

Ambuja Cements, ACC up for sale?

Ambuja&nbsp;Cements and ACC could be on a sale as the Swiss-based parent company Holcim&nbsp;Group, which is also the biggest cement maker in the world, may soon exit India.
As per reports, Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has been selling off non-core assets to reduce debt and diversify through acquisitions.
It is anticipated to be&nbsp;the largest M&amp;A deal in India as the&nbsp;combined market capitalisation of the two cement companies is Rs 1.14 lakh crore.
&nbsp;

Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has put Ambuja&nbsp;Cements and ACC up for sale.

Ambuja&nbsp;Cements and ACC could be on a sale as the Swiss-based parent company Holcim&nbsp;Group, which is also the biggest cement maker in the world, may soon exit India.
Also read/watch|&nbsp;<a title="Infosys takes a stand on Ukraine war, exits Russia ops" href="https://www.editorji.com/business-news/infosys-takes-a-stand-on-ukraine-war-exits-russia-ops-1649907484668">Infosys takes a stand on Ukraine war, exits Russia ops</a>
As per reports, Holcim&nbsp;Group is looking to exit India after 17 years as it&nbsp;has been selling off non-core assets to reduce debt and diversify through acquisitions. It divested its&nbsp;Brazilian&nbsp;unit for $1 billion in September and is also planning to sell its business in&nbsp;Zimbabwe.
In what could potentially be the largest M&amp;A deal in India, the&nbsp;combined market capitalisation of the two cement companies is Rs 1.14 lakh crore ($15 billion) with Ambuja alone being at Rs 73,349 crore ($9.7 billion).
Also read/watch|&nbsp;<a title="WhatsApp to provide UPI payment services to 10 crore Indians now" href="https://www.editorji.com/business-news/whatsapp-to-provide-upi-payment-services-to-10-crore-indians-now-1649908586020">WhatsApp to provide UPI payment services to 10 crore Indians now</a>
Holcim&nbsp;owns 63.1% of Ambuja&nbsp;Cements. Ambuja Cement in turn owns 50.05% of ACC Ltd. Holcim&nbsp;owns another 4.48% of ACC directly.
As per Economic Times,&nbsp;Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp up.

British Army&rsquo;s Twitter and YouTube accounts were hacked and used to promote cryptocurrency scams as per a statement from the UK Ministry of Defence.&ldquo;We are aware of a breach of the Army&rsquo;s Twitter and YouTube accounts and an investigation is underway,&rdquo; the Ministry of Defence Press Office said on Twitter. &ldquo;The Army takes information security extremely seriously and is resolving the issue.&rdquo;The videos on the British Army&rsquo;s YouTube channel were replaced with old livestreams featuring Elon Musk and Jack Dorsey.&nbsp; While British army handle, which is verified by Twitter, had retweeted a number of posts promoting NFTs on its timeline.The army's Twitter feed currently has 362,000 followers, while the YouTube channel has 177,000 subscribers

British Army's Twitter hacked to promote crypto scam

The videos on the British Army’s YouTube channel were replaced with old livestreams featuring Elon Musk and Jack Dorsey

British Army's Twitter, YouTube hacked to promote crypto scam

British army handle, which is verified by Twitter, had retweeted a number of posts promoting NFTs on its timeline.

British Army&rsquo;s Twitter and YouTube accounts were hacked and used to promote cryptocurrency scams as per a statement from the UK Ministry of Defence. &ldquo;We are aware of a breach of the Army&rsquo;s Twitter and YouTube accounts and an investigation is underway,&rdquo; the Ministry of Defence Press Office said on Twitter. &ldquo;The Army takes information security extremely seriously and is resolving the issue.&rdquo; The videos on the British Army&rsquo;s YouTube channel were replaced with old livestreams featuring Elon Musk and Jack Dorsey.&nbsp; While British army handle, which is verified by Twitter, had retweeted a number of posts promoting NFTs on its timeline. The army's Twitter feed currently has 362,000 followers, while the YouTube channel has 177,000 subscribers

Indian startups have fired more than 12,000 employees this year as the pandemic boom starts to wane, according to Crunchbase, a platform that gathers data about private and public companies. 
According to Crunchbase, startups, especially the ones who benefitted from a pandemic boom, are feeling the pressure as valuations have started to dip. 
Companies like Ola, Blinkit, BYJU's, Vedantu, Mobile Premiere League, Furlanco and more have let go of nearly 12,000 employees so far this year.
India may see over 60,000 job losses in the startup eco-system this year as funding becomes scarce, according to reports. 

Over 12,000 employees sacked by India startups in 2022: report

Indian startups have fired more than 12,000 employees this year as the pandemic boom starts to wane, according to Crunchbase,

According to Crunchbase, startups, especially the ones who benefitted from a pandemic boom, are feeling the pressure as valuations have started to dip.&nbsp;

Indian startups have fired more than 12,000 employees this year as the pandemic boom starts to wane, according to Crunchbase, a platform that gathers data about private and public companies.&nbsp;
According to Crunchbase, startups, especially the ones who benefitted from a pandemic boom, are feeling the pressure as valuations have started to dip.&nbsp;
Companies like Ola, Blinkit, BYJU's, Vedantu, Mobile Premiere League, Furlanco and more have let go of nearly 12,000 employees so far this year.
India may see over 60,000 job losses in the startup eco-system this year as funding becomes scarce, according to reports.&nbsp;
Also Watch| <a href="https://www.editorji.com/business-news/is-byju-s-in-big-trouble-1656657537998" target="_blank">Is Byju's in big trouble?</a>

Fifty-five per cent of IndiGo's domestic flights were delayed on Saturday as a significant number of cabin crew members took sick leave, with sources in the industry saying they ostensibly went for an Air India recruitment drive.
When asked about this matter, DGCA chief Arun Kumar told PTI on Sunday, "We are looking into this." The phase-2 of Air India's recruitment drive was conducted on Saturday and majority of IndiGo's cabin crew members who took sick leave went for it, the sources in the industry added.
IndiGo, India's largest airline, currently operates approximately 1,600 flights --domestic and international -- daily.  IndiGo did not respond to PTI's request for a statement on the matter.  According to the Ministry of Civil Aviation's website, 45.2 per cent of IndiGo's domestic flights operated on time on Saturday.
In comparison, the on-time performances of Air India, SpiceJet, Vistara, Go First and AirAsia India was 77.1 per cent, 80.4 per cent, 86.3 per cent, 88 per cent and 92.3 per cent, respectively, on Saturday.  The Tata Group took control of Air India on January 27, after successfully winning the bid for the airline on October 8 last year.
Air India has started a recruitment drive for fresh cabin crew members as it is planning to buy new planes and improve its services.

Several IndiGo flights delayed due crew non-availability, aviation regulator to probe

55% of IndiGo's domestic flights were delayed on Saturday as a significant number of cabin crew member were unavailable. 

A PTI report quoting with sources in the industry said the crew members took sick leave and went for an Air India recruitment drive.

Fifty-five per cent of IndiGo's domestic flights were delayed on Saturday as a significant number of cabin crew members took sick leave, with sources in the industry saying they ostensibly went for an Air India recruitment drive.
When asked about this matter, DGCA chief Arun Kumar told PTI on Sunday, "We are looking into this." The phase-2 of Air India's recruitment drive was conducted on Saturday and majority of IndiGo's cabin crew members who took sick leave went for it, the sources in the industry added.
IndiGo, India's largest airline, currently operates approximately 1,600 flights --domestic and international -- daily. &nbsp;IndiGo did not respond to PTI's request for a statement on the matter. &nbsp;According to the Ministry of Civil Aviation's website, 45.2 per cent of IndiGo's domestic flights operated on time on Saturday.
In comparison, the on-time performances of Air India, SpiceJet, Vistara, Go First and AirAsia India was 77.1 per cent, 80.4 per cent, 86.3 per cent, 88 per cent and 92.3 per cent, respectively, on Saturday. &nbsp;The Tata Group took control of Air India on January 27, after successfully winning the bid for the airline on October 8 last year.
Air India has started a recruitment drive for fresh cabin crew members as it is planning to buy new planes and improve its services.
Also Watch| <a href="https://www.editorji.com/business-news/indigo-cabin-crew-s-refusal-for-food-to-a-6-yr-old-leaves-internet-divided-1655807215843" target="_blank">IndiGo cabin crew's refusal for food to a 6-yr-old leaves internet divided</a>

Musk has been mysteriously missing from Twitter since June 21, and even though one may argue that it is less than two weeks of 'tweet silence' in Musk terms that's an eternity. Elon Musk finally made a comeback, and the post was not something the 100 million followers were expecting....the world's richest man with the Pope. Musk made a a tribute to a popular YouTuber who passed away of cancer. He also shared a pair of photos that included a throwback to his 40th birthday party weekend and a recent photo of with Pope Francis and four of his sons.
The Tesla CEO also shared a photo of himself in a "tragic" suit when he previously visited Venice with ex-wife, actress Talulah Riley.    

Musk makes a comeback! This time with the Pope

Elon Musk finally made a comeback, and the post was not something the 100 million followers were expecting....the world's richest man with the Pope. 

Elon Musk has broken his silence streak on Twitter that started on June 21

Musk has been mysteriously missing from Twitter since June 21, and even though one may argue that it is less than two weeks of 'tweet silence' in Musk terms that's an eternity. Elon Musk finally made a comeback, and the post was not something the 100 million followers were expecting....the world's richest man with the Pope.&nbsp; Musk made a a tribute to a popular YouTuber who passed away of cancer. He also shared a pair of photos that included a throwback to his 40th birthday party weekend and a recent photo of with Pope Francis and four of his sons.
Also watch: <a href="https://www.editorji.com/world-news/over-8000-fights-delayed-or-cancelled-american-airports-in-complete-chaos-1656815208487" target="_blank">Over 8000 flights delayed or cancelled, American airports in complete chaos</a>
The Tesla CEO also shared a photo of himself in a "tragic" suit when he previously visited Venice with ex-wife, actress Talulah Riley. &nbsp; &nbsp;

Airports across US and Canada faced chaos as thousands of flights were delayed, and hundreds cancelled amid pilot and crew shortages, as industry experts warned of travel chaos this US Independence Day holiday weekend.
As per data available, more than 7,800 flights were delayed within, into, or out of the US, and 586 cancelled.Independence Day holiday weekend is one of the busiest travel periods of the year.As per media reports, passengers on a Delta Air Lines flight from Michigan to Minnesota reported that the airline offered them $10,000 this week to give up their seat on an oversold flight. Posts of filled airports, and baggage mountains went viral on social media. 

Over 8000 flights delayed or cancelled, American airports in complete chaos

Posts of filled airports, baggage mountains went viral on social media.&nbsp;

Airports across US and Canada faced chaos as thousands of flights were delayed, and hundreds cancelled amid pilot and crew shortages, as industry experts warned of travel chaos on the US Independence Day holiday weekend.
As per data available, more than 7,800 flights were delayed within, into, or out of the US, and 586 cancelled.Independence Day holiday weekend is one of the busiest travel periods of the year. As per media reports, passengers on a Delta Air Lines flight from Michigan to Minnesota reported that the airline offered them $10,000 this week to give up their seat on an oversold flight.&nbsp; Posts of filled airports, and baggage mountains went viral on social media.&nbsp;
Also watch: <a href="https://www.editorji.com/business-news/musk-makes-a-comeback-this-time-with-the-pope-1656822538375" target="_blank">Musk makes a comeback! This time with the Pope</a>

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