Diversified conglomerate ITC Ltd. has identified a new market opportunity that may prove to be crucial for its future growth in the fast-moving consumer goods (FMCG) business – a segment…
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All about Hindenburg Research, the US investor that shorted Adani Group firms’ stocks
Adani Group firms on Wednesday saw their combined market capitalisation fall by nearly Rs 1 lakh crore and the culprit is an US-based investor called Hindenburg Research. Hindenburg Research said…
Mukesh Ambani’s growing cricket-verse: Reliance scoops up franchise in Women’s IPL
Mukesh Ambani-led Reliance Industries has acquired yet another cricket franchise. This time, the conglomerate has offered Rs 912.99 crore through its subsidiary Indiawin Sports Private Limited for the Mumbai-based franchise…
Studio Sirah raises $2.6 mn in pre-Series A funding round led by Kalaari Capital, Lumikai
Bengaluru-based Studio Sirah on Wednesday announced that it has raised $2.6 million in a pre-Series A round led by early-stage VC firm Kalaari Capital, and its seed investor, Lumikai. The…
Tata Motors back in black in Q3, posts Rs 2,958-cr profit
Automaker Tata Motors on Wednesday reported consolidated net profit of Rs 2,958 crore for the quarter ending December 31, 2022 as against consolidated net loss of Rs 1,516 crore in…
Bajaj Auto Q3 results: Net profit rises 23% to Rs 1,491 cr
Two- and three-wheeler maker Bajaj Auto on Wednesday reported 23% rise in standalone net profit at Rs 1,491 crore for the quarter ended December 31, 2022. It reported net profit…
Adani Group says it is ‘shocked’ at Hindenburg report; says it’s an attempt to damage upcoming FPO
Adani Group Chief Financial Officer Jugeshinder Singh, in a statement on behalf of the conglomerate, said that the Hindenburg Research report, that alleged that the company engaged in stock manipulation…
Samsung bets big on affordability, new 5G phones available at an price of Rs 44 per day
As India rolls out the 5G network at a blazing speed, smartphone manufacturers too are matching the pace by introducing 5G value-for-money mobile phones. Korean technology giant Samsung, for whom…
Adani Group engaged in stock manipulation, accounting fraud over decades: Hindenburg report
Investment research firm with a focus on activist short-selling, Hindenburg Research, has published a damning report on the Adani Group. The report is based on their findings of a two-year…
What is driving growth for pharma major Eris Lifesciences?
Eris Lifesciences’s gradual expansion of derma portfolio through inorganic growth and outperformance in core cardio metabolic market is keeping analysts upbeat about the company’s growth in the coming years. In…