Multinational IT company IBM filed a breach-of-contract lawsuit against Patama Chantaruck, a former employee of the company’s Thailand subsidiary, in the New York Southern District Court after she joined the…
Category: Companies
BJP has ‘nothing to hide or be afraid of,’ says Amit Shah on Adani-Hindenburg row
Union Home Minister Amit Shah said that there is nothing for the Bharatiya Janata Party (BJP) to hide or be afraid of in the Hindenburg Research-Adani Group row. He added…
Gautam Adani slips to 24th spot on global billionaires’ list; net worth down to $52.4 billion
Chairman of the ports-to-power conglomerate Adani Group, Gautam Adani, has gone down to the 24th spot in the global billionaires’ list amid the ongoing row over the scathing report by…
India’s Adani tries to calm investors as regulator confirms probe
Adani Group sought to reassure investors on Monday, saying it had strong cashflows and its business plans were fully funded, as an Indian regulator confirmed it was investigating a critical…
Adani hires Grant Thornton for some independent audits after Hindenburg fallout
India’s Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies in a bid to discredit claims by short-seller Hindenburg Research that have battered…
SAIL Q3 results: Net profit falls 65% to Rs 542 cr
Steel Authority of India Limited on Monday reported 65% decline in consolidated net profit at Rs 542 crore for the quarter ended December 31, 2022. The state-owned steelmaker reported net…
Bombay HC order quashing the write-off of YES Bank AT-1 bonds challenged before SC
Bombay High Court’s order quashing a decision taken by the YES Bank Administrator on March 14, 2020 to write off Additional Tier 1 (AT-1) bonds has been challenged before Supreme…
Adani Group says balance sheet of companies ‘very healthy’ and business plan is ‘fully funded’
The Adani Group on Monday said that the balance sheet of each of its companies was “very healthy” and that it has strong corporate governance and secure assets. “We have industry-leading…
No problem with setting up an expert panel to avoid Adani-like volatility: Centre tells SC
Centre told Supreme Court on Monday that it has no problem with setting up an expert panel to avoid Adani Group-like market volatility. On Friday, the apex court had sought…
NSE co-lcoation case: SC refuses to cancel bail granted to Chitra Ramkrishna
Supreme Court on Monday refused to cancel statutory bail granted to former NSE chief Chitra Ramkrishna in the NSE co-location case. In 2018, an FIR was registered following revelations about…