India, once known for its mushrooming startup ecosystem, witnessed a negative spiral as the number of unicorns – companies valued at over USD 1 billion – declined for the first time in four years, according to a report released on Tuesday.

India witnesses drop in unicorn count, Byju's valuation plunge tops global charts

Chinese electric vehicle (EV) manufacturers and shipping companies are witnessing an exceptional surge in demand for car-carrying vessels, attributed to the country's booming EV exports, Reuters reported.

China's EV export surge spurs record demand for car-carrying ships

The US Federal Aviation Administration (FAA) has launched an investigation into allegations made by a whistleblower against Boeing, further aggravating safety concerns surrounding the aerospace giant.

Boeing faces a probe from the Congress following whistleblower charges: Report

The World Bank Group has introduced a comprehensive framework aimed at measuring the effectiveness of its development programmes. According to Reuters, this framework encompasses 22 indicators, indicating a major shift in the bank's approach to assessing its impact on global development initiatives.

World Bank releases a new scorecard to estimate development impact

The Supreme Court of India has dismissed the second apology affidavit filed by Patanjali Ayurved and its Managing Director, Acharya Balkrishna, in connection with a contempt case related to misleading medical advertisements, LiveLaw reported.

India’s Supreme Court rejects Patanjali's apology, cites false claims to avoid appearance

Jack Ma, the co-founder of Alibaba, has expressed his support for the company's ongoing restructuring efforts. Ma, who had withdrawn from public view in recent times, addressed the company's internal forum, endorsing the programs led by new leaders Joseph Tsai and Eddie Wu to restore the Chinese e-commerce giant.

Jack Ma encourages Alibaba's overhaul efforts, urges staff to stay the course

Fitch Ratings has revised China's excellent credit rating outlook to negative, indicating challenges for the second-largest economy. This decision, which was announced on Tuesday, reflects concerns over China's public finances due to uncertainty surrounding the country's transition to new growth models.

Fitch revises China's credit outlook to negative

Governor Kazuo Ueda of the Bank of Japan (BOJ) assured that the central bank would not adjust its policy directly in response to currency fluctuations, while concerns continue to grow over the yen's weakness.

BOJ governor affirms monetary policy while concerns loom over a weak yen

During her recent four-day visit to Guangzhou and Beijing, US Treasury Secretary Janet Yellen warned Chinese economic leaders regarding their overinvestment in factory capacity for clean energy goods, calling it unacceptable.

Yellen's China Visit: Clean Energy Trade Talks

UBS Group AG is contemplating whether to acquire complete ownership of its China platform by engaging in a stake swap deal with a Beijing government investment fund, Bloomberg News reported.

UBS explores China stake swap to gain full control of UBS Securities Co

Tesla has reached a settlement in a lawsuit stemming from a 2018 car crash that claimed the life of an Apple engineer. The accident occurred when the engineer's Tesla Model X, operating on Autopilot, veered off a highway near San Francisco.

Tesla settles lawsuit over fatal autopilot crash involving Apple engineer

Indian headline indices surged to new heights on Tuesday, defying a subdued performance in the U.S. markets the previous day. The S&P BSE Sensex breached the significant 75,000 mark for the first time, reaching a record peak of 75,124 points, while the broader Nifty50 also hit a fresh high of 22,765 points.

Indian markets scale new highs | Sensex breaches 75,000

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Zee News Rajasthan

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