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Thousands flee as wildfires spread rapidly across Southern California

The Business Guardian

|

January 09, 2025

Tens of thousands of residents in Southern California have been forced to evacuate as a series of fast-moving wildfires ravage the region, CNN reported.

Thousands flee as wildfires spread rapidly across Southern California

The most destructive, the Palisades fire, is spreading rapidly across Los Angeles, with homes destroyed and major roads closed. Authorities are scrambling to manage the situation, with widespread evacuations and emergency declarations. The out-of-control Palisades fire, which has burned more than 2,900 acres, is blazing through nearly five football fields per minute. It has prompted an emergency declaration from Los Angeles officials, who warned that the worst is yet to come due to the "tornado-like" winds complicating the firefighting efforts. As the fire approached key roads, including Sunset Boulevard, many drivers were told by fire officials to abandon their vehicles and flee. "The fire came right down to the road and the fire department came up and said get out of your cars now -- because the fire was right up against the cars," said Marsha Horowitz, who was caught in the fire's path on Sunset Boulevard. "There were three lanes of cars, and the fire was right down and there was nothing to stop it." As the fire continued to spread, fire crews began bulldozing abandoned vehicles to clear the path for emergency response vehicles. Meanwhile, in the Malibu and Santa Monica areas, where evacuation orders were also issued, drivers abandoned cars in the face of the expanding inferno.

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‘Capex, Opex subsidies in mineral scheme to boost recycling infra’

Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.

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GOVT ACTIVATES PORTAL FOR GST COMPLAINTS

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BofA sees positive outlook for Paytm, citing soundbox, AI

Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core

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GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR

While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.

time to read

1 mins

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The Business Guardian

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Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore

Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

time to read

1 min

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Third round of India-New Zealand FTA negotiations concludes

The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.

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1 min

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'Capex, Opex subsidies in mineral scheme to boost recycling infra'

Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.

time to read

1 min

September 21, 2025

The Business Guardian

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Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO

Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.

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US' H-1B fee move can have ripple effects on US innovation system

Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.

time to read

2 mins

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