Adani Group on Thursday said that its shareholders and investors were adversely impacted by the Hindenburg Research report that stated that the conglomerate engaged in accounting fraud and stock manipulation…
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Hindenburg Research: Who is behind the company that is shorting Adani?
Short-seller Hindenburg Research disclosed on Wednesday short positions in India’s Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the…
Elon Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mn vehicles
Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers’ interest.…
India raises Rs 8,000 cr from maiden green bond sale
India’s first sovereign green bond issue was mostly subscribed by local banks and insurance companies, with limited interest from foreign investors, market participants said. New Delhi raised Rs 8,000 crore…
DLF Q3 results: Net profit rises 35%, logs Rs 2,507-cr residential bookings
Leading real estate group DLF on Wednesday reported a Rs 35 per cent year-on-year jump in its profit after tax (PAT) for the October-December quarter. During the quarter, its PAT…
Kishore Biyani, the man who founded Big Bazaar, resigns as Executive Chairman of Future Retail
Kishore Biyani, the man who founded Big Bazaar, resigned as Executive Chairman and Director of Future Retail on Wednesday. He tendered his resignation from the position with effect from 23…
Patanjali Foods Q3 results: Net profit rises 15% to Rs 269 cr
FMCG firm Patanjali Foods, formerly known as Ruchi Soya Industries Limited, on Wednesday reported 15% increase in net profit at Rs 269 crore for the quarter ending December 31, 2022…
Hindustan Antibiotics to procure rapid antigen kits from LordsMed; to supply to govt centres in India
Public sector drug manufacturer Hindustan Antibiotics Limited (HAL) has collaborated with LordsMed, the global healthcare arm of the diversified business group– Lords Mark Industries, for procuring range of rapid antigen…
ITC identifies Rs 4 lakh crore market opportunity; here’s what Chairman & MD Sanjiv Puri said
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…
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…