India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of…
Category: Companies
Adani Group: The curious case of Credit Suisse
Switzerland-based global financial major Credit Suisse is in the news for its stance taken on the bonds of some of the group entities of the Adani Group even as its…
Chennai: PVR launches India’s first multiplex in an airport complex
PVR Cinemas on Wednesday announced the launch of the first-ever multiplex in the country to be housed within an airport complex. This 5-screen property will be at PVR Aerohub in…
Intel slashes employee, exec pay amid PC market downturn
Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of…
‘Will transform Haifa,’ says Gautam Adani after Adani Group takes control of Israeli port
Billionaire Gautam Adani on Tuesday met Israel Prime Minister Benjamin Netanyahu on the occasion of the official handover of the Haifa Port to the Adani Group. A consortium of Adani…
Coal India Q3 net profit rises 70% to Rs 7,756 cr, firm declares interim dividend of Rs 5.25 per share
State-run Coal India reported a 70.1% surge in third-quarter profit on Tuesday, beating estimates, as production at the world’s largest coal miner increased due to higher power demand amid extreme…
Reliance Consumer announces strategic tie-up with Sri Lanka-based biscuit brand Maliban
Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), on Tuesday announced a strategic partnership with Sri Lanka-headquartered Maliban Biscuit Manufactories. Maliban,…
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…
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…
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…