Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack.

The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted, said the people, who didn’t want to be named as the discussions are private.

Rescuers pulled out children on Friday (local time) from the rubble of the Turkey-Syria earthquake as the toll crossed 24,000, reported The Sydney Morning Herald (SMH).

The confirmed death toll from the deadliest quake in the region in two decades stood at more than 24,000 across southern Turkey and northwest Syria four days after it hit.

Union Minister for Tourism G Kishan Reddy on Friday said that Uttar Pradesh has transformed itself into 'Uttam State' for investments under the visionary leadership of Chief Minister Yogi Adityanath.

"I urge all the investors to contribute immensely for the development of the state having 'big ambitions' that is also taking 'big actions," said the Union Minister.

White House on Friday (local time) reiterated that the US will welcome any efforts of Prime Minister Narendra Modi to stop the war between Russia and Ukraine.

White House National Security Council spokesperson John Kirby said, " I think there's still time for Putin to stop the war. I think there's still time for it. PM Modi can convince; I will let PM Modi speak to whatever efforts he's willing to undertake.

Noting that Indian economy is still the fastest growing major economy and shall continue to be so in 2023-24, Finance Minister Niramala Sitharaman made a strong attack on Congress in Lok Sabha on Friday on the issue of corruption stating that it the party's culture "to benefit jijas and bhatijas" and the party leaders should "wash faces with dettol".

Replying to the debate in Lok Sabha on the general budget on Friday, the Finance Minister also talked about the new tax regime stating that it will leave higher disposable income in the hands of people.

Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters.

The deal, split equally between France's Airbus and rival planemaker Boeing, was first reported by Reuters in December and could finally be announced as early as next week, the sources said.

In order to curb the sale of non-ISI certified toys and to ensure implementation of the Toys Quality Control Order, 100 search and seizure operations were carried out in the years 2021-22 and 2022-23.

During the search and seizure operations conducted by the Bureau of Indian Standards (BIS), a quantity of 9,565 and 30,229 was seized during the years 2021-22 and 2022-23 (up to January 25, 2023), respectively.

Shares of Gautam Adani group companies continued to reel under pressure Adani Green Energy, Adani Transmission and Adani Total Gas hitting their respective 52-week lows on the BSE in Friday’s intra-day trade. Besides these three stocks, Adani Power also traded 5 per cent lower.

At 09:30 am; Adani Enterprises, the flagship company of Adani group, was down 3.5 per cent at 1,859.55. The stock slipped has 10 per cent to Rs 1,734.60 in intra-day trade so far.

Short video app TikTok fired its entire India staff on Monday, a report by The Economic Times (ET) said, quoting sources aware of the matter. Forty people were laid off and were offered severance pay of up to nine months.

"The TikTok India employees were told that February 28 would be their last day and were given feelers to look out for other opportunities for some time as it was conveyed that restarting India operations were not going to take off because of the government's stance on Chinese apps," a source told ET.

Accusations of stock-market manipulation by the Adani Group, strenuously denied by the conglomerate, have shone the spotlight on a festering global problem loosely estimated to amount to between 2% to 5% of the world’s output: Money-laundering. Obscure funds based in Cyprus and Mauritius, one of whom is linked to an intermediary that’s also alleged to have played a role in the $4.5 billion 1MDB looting from taxpayers in Malaysia, may be funneling someone else’s money into Adani stocks, the short seller Hindenburg Research has alleged.

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