Indian promoters starved of capital often pledge their shares to create the foundation of new businesses or infuse equity to expand existing businesses. That’s what billionaire Gautam Adani did with…
Category: Companies
SEBI to update FM Nirmala Sitharaman on Adani probe
Market regulator, Securities and Exchange Board of India (SEBI), will update the finance ministry this week on the investigation into Adani Group’s withdrawn Rs 20,000 crore follow-on public offer (FPO).…
Adani Group slashes growth targets amid rout sparked by Hindenburg report
India’s Adani Group has halved its revenue growth target and plans to scale down fresh capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have…
Energy transition topmost priority in every board meeting now, says Reliance’s New Energy President
Energy transition has become a topmost priority which is discussed in every ‘board meeting now’, Kapil Maheshwari, President of New Energy at Reliance Industries, said on Friday. Speaking at Business…
Why ESG is no more a buzzword in India Inc
The intensifying chorus on green financing and sustainability has jolted Indian corporates into a new reality over the past few years. The result: Buzzing activity around the adoption of environmental,…
Energy transition seen topmost priority in every board meeting now, says Reliance’s New Energy President
Kapil Maheshwari, President of New Energy at Reliance Industries says that energy transition has become a topmost priority which is discussed in every “board meeting now.” Speaking at Business Today’s…
With nearly Rs 4,000 crore in kitty, we’re are looking at acquisitions, says ABB India head
The India unit of Swedish-Swiss multinational corporation ABB has said that it is looking at acquiring smaller companies in the country to expand its business in here. And ABB India…
Blinkit de-lists store after man finds rat inside bread packet ordered from them
After a user reported that he got a rat in the bread packet he received, the instant food delivery service BlinkIt took severe action against the seller. Nitin Arora, the…
Wachtell: How big & powerful is the US law firm Adani Group has hired to fight Hindenburg
Billionaire Gautam Adani, the head of the embattled Adani Group, has hired New York-based Wachtell Lipton Rosen Katz to fight allegations levelled by short-seller Hindenburg Research. According to a report…
Edelweiss Mutual Fund announces restrictions on international funds
Asset management company Edelweiss Mutual Fund on Friday announced that it will temporarily suspend subscriptions for its international mutual funds with effect from February 10, 2023. The announcement comes days…