Adani Group chairperson and Asia’s richest man Gautam Adani is out of the top 10 global billionaires list as he has lost around $8 billion in net worth. Adani’s net…
Author: Admin
IMF expects Indian economy to grow at 6.1% in 2023 vs 6.8% in 2022
The International Monetary Fund (IMF) said that it is expecting some setbacks for the Indian economy next fiscal and pegged the growth rate to 6.1 per cent in 2023, down…
U.S. court rejects J&J bankruptcy strategy for thousands of talc lawsuits
A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the…
Bharat Petroleum Q3 net profit falls 31% to Rs 1,960 cr on stagnant retail prices
Indian oil marketing company (OMC) Bharat Petroleum Corp Ltd reported a 31% fall in quarterly profit on Monday, hurt by losses due to stagnant pump prices. The company’s standalone net profit…
SC upholds NCLAT order on payment of dues to former employees of Jet Airways
In a setback to the Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, the Supreme Court on Monday upheld an NCLAT order directing the payment of the provident…
Adani Group CFO says Hindenburg-led stock rout similar to Jallianwala Bagh massacre
The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial…
ABFRL board inducts Ananya Birla and Aryaman Vikram Birla as directors
The board of Aditya Birla Fashion and Retail, at its meeting on Monday, inducted Ananya Birla and Aryaman Vikram Birla as directors. “Ananya Birla and Aryaman Vikram Birla come with…
Hindenburg Research and its tryst with companies
Till a few days back, hardly anyone in the Indian stock market would have known anything about a firm called Hindenburg Research. But today everyone is aware courtesy the New…
Hindenburg’s allegations vs Adani’s response: Shell companies, money laundering, Vinod Adani’s role
In its report, Hindenburg had made several allegations relating to offshore entities, and had raised several questions for the Adani Group. It has stated that Adani family members allegedly operated…
Tech Mahindra Q3 net profit slides 5% to Rs 1,297 cr on moderation in demand
IT firm Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by a moderation in demand and subdued performance at its communications division. The company’s consolidated net profit fell…