Adani Group has issued a clarification on media reports that stated that the conglomerate had hired accountancy firm Grant Thornton for independent audits of some of its companies. The conglomerate…
Author: Admin
Who sold NDTV shares to Adani at a discount to the market price?
There was always a mystery around the shareholders of New Delhi Television Ltd (NDTV) who tendered their shares in the open offer made by Adani Group in December as the…
Govt slashes windfall tax on crude oil, diesel and ATF
The Central Government on Thursday reduced the windfall tax levied on domestically produced crude oil, as well as on the export of diesel and aviation turbine fuel (ATF). Windfall tax…
Wipro to roll out 87% variable pay to employees in Q3FY23
Indian IT major Wipro will be rolling out 87 per cent variable to employees in bands A to B3 for the December-ended quarter of FY 2022-23, the company announced to…
Adani Power’s Rs 7,017-crore acquisition deadline of DB Power expires
Adani Power’s planned Rs 7,017 crore acquisition of DB Power has failed as the deadline to complete the transaction expired. In a filing, the company said that the long-stop date…
Hindenburg report is not gospel truth: Former SEBI executive director JN Gupta
US-based short seller Hindenburg Research may well have alleged that Adani Group has indulged in stock manipulation, accounting frauds and round tripping of funds through shell companies but many in…
Infosys’ revenue growth in FY23 likely to be better than TCS: Moody’s
The ratings agency gave both the Indian IT giants Baa1 ratings, but noted that it expects 13 per cent revenue growth for Infosys and 8 per cent revenue growth for TCS in…
Hindenburg-hit Adani Group hires banks to hold bond investor calls after market rout
Adani Group and two of its main subsidiaries caught up in a short-selling storm in recent weeks are to hold calls with bond investors on Feb. 16 and Feb. 21,…
RBI grants payment aggregator licence to 32 entities: Here’s the full list
The Reserve Bank of India (RBI) on Wednesday said it has granted in-principle approval to 32 existing online payment aggregators, allowing them to continue their operations. Amazon (Pay) India Pvt…
YCombinator, Binny Bansal’s firm, and others invest $2.5 mn in Bengaluru-based start-up HireSure
HireSure.ai, an HRtech platform that enables companies to leverage data in making more efficient compensation decisions, has raised $2.5 million in seed funding led by YCombinator and Binny Bansal’s Three…