Mining conglomerate Vedanta Resources on Friday reported 42% decline in consolidated net profit at Rs 3,092 crore for the quarter ending December 31, 2022 as against Rs 5,354 crore in…
Category: Companies
‘IT firms need to be creators of talent and not just consumers,’ says Accenture’s Rekha M. Menon
IT companies in India need to be creators of talent and not just consumers, especially in the socio-economic context of the country, said Accenture in India’s Chairperson and Senior Managing…
SEBI tightens scrutiny of recent Adani Group deals post Hindenburg’s claims: Report
Market regulator Securities and Exchange Board of India (SEBI) has said that it may use Hindenburg report for its own probe into Adani Group’s offshore fund holdings, said a report…
Adani Group vs Hindenburg: Short selling is not shareholder activism, says corporate governance firm InGovern
Hindenburg report on Adani Group: Corporate governance firm InGovern on Friday said that short selling is not shareholder activism and such campaigns could be disruptive for management and companies. InGovern’s…
Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’
Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research’s report on Adani Group “highly credible and extremely well researched.” Shares in seven listed…
Luxury group LVMH’s sales defy downturn as shoppers splurge
Luxury goods group LVMH’s sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping partly to offset COVID…
Visa revenue growth slows more as tough economy sobers spending
Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The…
Intel ‘stumbled,’ CEO says; shares drop 9.5% as loss forecast
Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its…
Tata Chemicals Europe signs pact with Essar-backed Vertex for sale of low-carbon hydrogen
Northwich-based Tata Chemicals Europe on Thursday said that it has signed an offtake agreement with Essar-promoted Vertex Hydrogen for the supply of over 200 megawatts of low-carbon hydrogen. In a…
From where is Adani Group borrowing to fuel its growth?
Adani Group is once again in the news and while the bulk of the current news flow is around the claims made by Hindenburg Research and the ensuing battle of…