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India to delay Hyperloop Plans: Technology Maturity & Viability concerns prevail

New Delhi, Nov 5 – India’s ambitious pursuit of hyperloop technology for ultra high-speed trains is facing a significant setback as it remains in a nascent and economically uncertain state. According to NITI Aayog Member V K Saraswat, hyperloop technology is currently at a “very low level” of maturity, making it economically unviable at this…

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Adani Enterprises profit plunges 51 pc YoY in Q2 to Rs 228 cr

New Delhi, Nov 2 : Adani group flagship company Adani Enterprises Ltd on Thursday reported a 50.57% year-on-year (YoY) decline in consolidated net profit at Rs 227.80 crore for the quarter ended September 2023. The company had posted Rs 460.94 crore profit in Q2 of 2022-23. During the July-September quarter of the current fiscal, Adani…

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Global markets slide on recession fears

Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession, a media report said. Hong Kong’s Hang Seng Index led the losses, closing 1.7 per cent down. Japan’s Nikkei 225 ended the day 1.5 per cent…

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