Indian oil marketing company (OMC) Bharat Petroleum Corp Ltd reported a 31% fall in quarterly profit on Monday, hurt by losses due to stagnant pump prices. The company’s standalone net profit…
Category: Companies
SC upholds NCLAT order on payment of dues to former employees of Jet Airways
In a setback to the Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, the Supreme Court on Monday upheld an NCLAT order directing the payment of the provident…
Adani Group CFO says Hindenburg-led stock rout similar to Jallianwala Bagh massacre
The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial…
ABFRL board inducts Ananya Birla and Aryaman Vikram Birla as directors
The board of Aditya Birla Fashion and Retail, at its meeting on Monday, inducted Ananya Birla and Aryaman Vikram Birla as directors. “Ananya Birla and Aryaman Vikram Birla come with…
Hindenburg Research and its tryst with companies
Till a few days back, hardly anyone in the Indian stock market would have known anything about a firm called Hindenburg Research. But today everyone is aware courtesy the New…
Hindenburg’s allegations vs Adani’s response: Shell companies, money laundering, Vinod Adani’s role
In its report, Hindenburg had made several allegations relating to offshore entities, and had raised several questions for the Adani Group. It has stated that Adani family members allegedly operated…
Tech Mahindra Q3 net profit slides 5% to Rs 1,297 cr on moderation in demand
IT firm Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by a moderation in demand and subdued performance at its communications division. The company’s consolidated net profit fell…
Top executives set to take home 9.1% pay hike in 2023, no impact of layoffs: Aon study
India Inc.’s CEOs, CXOs and senior executives are expected to take home an average increment of 9.1 per cent in 2023, down from the 9.7 per cent given out in…
Adani vs Hindenburg: Group CFO defends auditor Shah Dhandharia, says they support small firms
Adani Group, in response to Hindenburg Research’s accusation that they enlisted Shah Dhandharia, a small accounting firm to audit the conglomerate, said that it is their responsibility to ensure that…
Gautam Adani is to infra what Steve Jobs was to smartphones: CFO Jugeshinder Singh
Adani Group CFO Jugeshinder Singh, also known as Robbie in corporate circles, said that Gautam Adani’s contributions in the field of infrastructure are at par with that of Steve Jobs…