Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament on Tuesday. According to the Survey, India’s economic growth in FY23 has been principally led by private consumption…
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Hindenburg effect: This Adani company generated 1 million+ Google searches in a day
The Adani Group has been a consistent newsmaker for the last 12 months. This time, though, the ports-to-energy conglomerate has been put under the critical lens of US-based short seller…
‘Entire world is looking at India’s Budget,’ says PM Modi ahead of Budget session
Prime Minister Narendra Modi, ahead of the Economic Survey, said that the entire world is looking at India’s Budget. Finance Minister Nirmala Sitharaman will table the Union Budget 2023-24 on…
Hindenburg effect: Gautam Adani out of top 10 billionaires’ list, loses around $8 bn in net worth
Adani Group chairperson and Asia’s richest man Gautam Adani is out of the top 10 global billionaires list as he has lost around $8 billion in net worth. Adani’s net…
IMF expects Indian economy to grow at 6.1% in 2023 vs 6.8% in 2022
The International Monetary Fund (IMF) said that it is expecting some setbacks for the Indian economy next fiscal and pegged the growth rate to 6.1 per cent in 2023, down…
U.S. court rejects J&J bankruptcy strategy for thousands of talc lawsuits
A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the…
Bharat Petroleum Q3 net profit falls 31% to Rs 1,960 cr on stagnant retail prices
Indian oil marketing company (OMC) Bharat Petroleum Corp Ltd reported a 31% fall in quarterly profit on Monday, hurt by losses due to stagnant pump prices. The company’s standalone net profit…
SC upholds NCLAT order on payment of dues to former employees of Jet Airways
In a setback to the Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, the Supreme Court on Monday upheld an NCLAT order directing the payment of the provident…
Adani Group CFO says Hindenburg-led stock rout similar to Jallianwala Bagh massacre
The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial…
ABFRL board inducts Ananya Birla and Aryaman Vikram Birla as directors
The board of Aditya Birla Fashion and Retail, at its meeting on Monday, inducted Ananya Birla and Aryaman Vikram Birla as directors. “Ananya Birla and Aryaman Vikram Birla come with…