Business News Wrap, November 27: Adani Green clarifies charges, Air India’s premium play, Musk calls out Microsoft, and more

By Upstox News Desk

2 min read | Updated on November 27, 2024, 19:13 IST

SUMMARY

Business News Wrap, November 27: From Adani Green's clarification on charges in the US to Air India's premium play with Vistara's A320neo on domestic routes, catch the latest stories shaping the business world today.

No charges under the Foreign Corrupt Practices Act, says Adani Green.

Welcome to today’s Business News Wrap, your go-to digest for the top business stories making headlines. This edition unpacks the Adani Group's legal battle, Air India's premium travel upgrades post-merger, and India’s strides toward clean energy goals. Plus, a policy shake-up for public banks and a heated controversy in the gaming world involving tech titans. Let’s dive in!

1. Adani Group pushes back against bribery charges

Gautam Adani and his nephew Sagar Adani are facing allegations in a US court over a $265 million bribery scheme. However, Adani Green Energy Limited clarifies that no charges have been filed under the Foreign Corrupt Practices Act. The conglomerate has strongly denied all accusations, stating its intent to fight the case through all legal channels. [Read more...]

2. Air India revamps domestic travel on 5 routes with Vistara fleet

Starting December 1, Air India will roll out premium travel options on five high-traffic domestic routes using Vistara’s A320neo planes. Featuring Business, Premium Economy, and Economy classes, the initiative is part of Air India's strategy post-merger with Vistara. Expect a luxury experience with complimentary meals and lounge access for premium passengers. [Read more...]

3. Banks told to prioritise women in transfers

Public sector banks will update transfer policies to enhance fairness and transparency. Women employees will be prioritied for nearby postings, with a mandate to avoid mid-year disruptions unless absolutely necessary. This policy aims to balance operational efficiency with employee needs. [Read more...]

4. Musk targets Microsoft over alleged bias

Elon Musk has publicly accused Microsoft’s gaming division of discriminatory hiring practices, calling them out for allegedly excluding White males. The debate started after comments from Microsoft employees on social media and has escalated with Musk tagging CEO Satya Nadella, demanding action. Microsoft has yet to respond. [Read more...]

5. India’s clean energy goals hit new heights

India is projected to have 777 GW of installed power capacity by 2030, with 64.4% from clean sources. Achieving 500 GW of non-fossil fuel capacity will place India among the world's top clean energy producers. This milestone aligns with commitments made at COP26.

That’s all for today! Stay tuned for tomorrow’s wrap of the top business updates.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Business News Wrap, November 27: Adani Green clarifies charges, Air India’s premium play, Musk calls out Microsoft, and more

Business News Wrap, November 27: Adani Green clarifies charges, Musk calls out Microsoft, and more

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