After days of negative sentiments and a massive crash in its stocks, the embattled Adani Group has received some positive news in the last two days. Earlier on Friday, international…
Author: Admin
Infosys allegedly fires 600 employees after they fail internal test
Indian IT giant Infosys has sacked hundreds of fresher employees after they failed to clear the internal fresher assessment (FA) test, Business Today has learnt. A fresher who was onboarded…
Adani Group to hire ‘big four’ firms to carry out a general audit, says TotalEnergies
Adani Group will hire one of the ‘big four’ (Deloitte, EY, KPMG, and PwC) accounting firms to carry out a general audit, its partner TotalEnergies said in a statement on…
Gautam Adani’s Year-to-Date losses outweigh those of Ambani and Damani; see comparison
Gautam Adani, industrialist and the chairman of the Adani Group has been in a world of pain ever since a report by Hindenburg Research dropped on January 24. While the…
Adani-Hindenburg row: Comfortable with our exposure to Adani Group, says Axis Bank
Private sector lender Axis Bank has reported its exposure to Adani group firms amid the continuing uproar over the Hindenburg report on magnate Gautam Adani and his behemoth Adani Group,…
Adani row: Indian regulators can handle the situation, says Piyush Goyal; Bihar CM demands investigation
Union Commerce and Industry Minister Piyush Goyal said on Saturday that regulators are well-equipped to handle the crisis and will take appropriate measures in response to claims of fraud against…
Government increases windfall gains tax on crude, diesel and ATF
The government changed the windfall profits tax on Saturday, increasing the Special Additional Excise Duty (SAED) on crude oil by Rs. 3,150 per tonne and the SAED on diesel and…
SEBI weighs on Adani stock rout, says ‘all surveillance measures in place to address excessive volatility’
Adani Group stock crash: Market regulator Securities and Exchange Board of India (SEBI) on Saturday said for orderly and efficient functioning of the market, all surveillance measures are in place to…
Hindenburg impact: Adani Enterprises shelves Rs 1,000-crore bond plan after market debacle
Adani Enerprises Ltd., one of India’s largest conglomerates, has shelved its plans to raise $122 million (Rs 1,003 crore) through a bond issue due to the company’s current market rout.…
‘India’s image isn’t suffering’: FM Sitharaman on withdrawal of Adani Enterprises FPO
Finance Minister Nirmala Sitharaman on Saturday said that the withdrawal of Adani Enterprises’ Follow-on Public Offer had no impact on the country’s macroeconomic fundamentals and reputation. On Wednesday, Adani Enterprises…