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…
Category: Companies
‘If Adani is serious…’: Hindenburg dares Adani Group to file legal suit in US
Hindenburg Research on Thursday said that it will demand documents in the legal discovery process if Adani Group files a lawsuit in the United States against the short seller for…
Sudha Murthy awarded with Padma Bhushan, Biocon chief Kiran Mazumdar-Shaw calls her an ‘inspiration’
Philanthropist, author, and chairperson of Infosys Foundation, Sudha Murthy, was felicitated with the Padma Bhushan award on Wednesday on the eve of 74th Republic Day. Murthy, who is known for…
Toyota CEO Akio Toyoda to step down; Lexus chief Koji Sato to take over
The chief executive of Toyota Motor Corp will step down as head of the company his grandfather founded, the Japanese automaker said on Thursday, handing over to the boss of…
Adani vs Hindenburg: How a short seller caused $5.5 billion harm to Gautam Adani
A report by Hindenburg Research, a short-seller, grabbed headlines on Wednesday and sent shares of Adani group companies tumbling. A short seller is one who sells a stock without owning…
‘Hindenburg will benefit from slide in Adani shares’: Adani Group plans legal action against research firm
Adani Group on Thursday said that its shareholders and investors were adversely impacted by the Hindenburg Research report that stated that the conglomerate engaged in accounting fraud and stock manipulation…
Hindenburg Research: Who is behind the company that is shorting Adani?
Short-seller Hindenburg Research disclosed on Wednesday short positions in India’s Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the…
Elon Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mn vehicles
Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers’ interest.…
DLF Q3 results: Net profit rises 35%, logs Rs 2,507-cr residential bookings
Leading real estate group DLF on Wednesday reported a Rs 35 per cent year-on-year jump in its profit after tax (PAT) for the October-December quarter. During the quarter, its PAT…
Kishore Biyani, the man who founded Big Bazaar, resigns as Executive Chairman of Future Retail
Kishore Biyani, the man who founded Big Bazaar, resigned as Executive Chairman and Director of Future Retail on Wednesday. He tendered his resignation from the position with effect from 23…