FMCG major ITC on Friday reported 21% jump in net profit at Rs 5,031 crore for the quarter ending December 31, 2022 as against Rs 4,156 crore in the year-ago…
Category: Companies
Bank of Baroda says ‘absolutely no concern’ about its exposure to Adani Group
Bank of Baroda on Friday said the public lender has “absolutely no concern” about its exposure to tumult-hit Adani Group. After announcing December quarter results, the banks said its exposure…
Adani vs Hindenburg: LIC’s exposure to Adani Group companies within IRDAI framework, says DIPAM secretary
State-owned insurance giant Life Insurance Corporation’s (LIC) exposure to Adani Group companies is within insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) and its risk management framework, said…
Adani Group stocks plunge can dent debt raising ability, says Moody’s
Credit ratings agency Moody’s said in a statement that the recent sell-off in Adani Group’s shares after the Hindenburg Research report could dent the ports-to-power conglomerate’s ability to raise capital…
Tiger Global-backed edtech Classplus invests in YouTube channel offering test prep courses
B2B edtech start-up Classplus, which is backed by giant investors like Tiger Global and Sequoia Capital, among others has invested an undisclosed amount in online test prep platform Abhinay Maths.…
Adani vs Hindenburg: Adani Enterprises case reaches Supreme Court
The Adani Enterprises issue reached the Supreme Court of India after a public interest litigation was filed seeking an investigation against US-based firm Hindenburg Research, whose report led to a massive plunge…
Fitch Ratings says no immediate impact on ratings of Adani entities, securities
Fitch Ratings said on Friday that there is no immediate impact on the Fitch-rated Adani entities and their securities, and that it expects no material changes to its forecast cash…
Gautam Adani not even among top 20 billionaires in the world after stock crash
Adani Group chairman Gautam Adani has lost around half of his personal fortune due to the ongoing rout in the value of Adani Group stocks on Dalal Street. At present,…
Bangladesh seeks revision of power purchase agreement with Adani Group
Bangladesh has reportedly sought a revision of the 2017 power purchase agreement with Adani Power Ltd since the electricity pricing appeared too expensive. An official from the Bangladesh Power Development…
‘I’m very bullish on India’: Apple CEO Tim Cook
From 2007, when the first iPhone wasn’t even launched in the country, to the first global launch and availability phase, India has emerged as a key strategic market for Apple.…