When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules…
Author: Admin
Australia to replace Queen Elizabeth’s image on its banknote
Australia will replace the portrait of Queen Elizabeth II from its A$5 currency note with a new design to reflect and honour the history of its Indigenous culture, the country’s…
Adani Enterprises calls off Rs 20,000-cr FPO, money to be returned to investors
Adani Enterprises, the flagship arm of Adani Group, on Wednesday announced withdrawal of its Rs 20,000-crore follow-on public offer (FPO) amid current market volatility. “Given the unprecedented situation and the…
SEBI examining Adani Group shares rout: Report
India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of…
Adani Group: The curious case of Credit Suisse
Switzerland-based global financial major Credit Suisse is in the news for its stance taken on the bonds of some of the group entities of the Adani Group even as its…
Chennai: PVR launches India’s first multiplex in an airport complex
PVR Cinemas on Wednesday announced the launch of the first-ever multiplex in the country to be housed within an airport complex. This 5-screen property will be at PVR Aerohub in…
Mukesh Ambani is back as the richest Asian; Adani’s fortunes take a hit after Hindenburg report
Gautam Adani has slipped in the world top billionaires ranking and is no longer the richest Asian. He has now slipped below his rival, Mukesh Ambani, who has again taken…
Intel slashes employee, exec pay amid PC market downturn
Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of…
Budget 2023: Nirmala Sitharaman’s ‘middle-class bonanza Budget’ draws mixed reactions from political leaders
Finance Minister Nirmala Sitharaman delivered the Narendra Modi 2.0 government’s final complete Budget before the 2024 Lok Sabha elections. Following the adjournment of the Lok Sabha, or Lower House, of…
Budget 2023: FM Sitharaman announces import duty cut on raw materials for lab-grown diamonds
Lab-grown diamonds (LGD) are likely to become cheaper with the reduction of customs duty on LGD seeds to zero from 5 per cent in Budget 2023. Finance Minister Nirmala Sitharaman…