Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research’s report on Adani Group “highly credible and extremely well researched.” Shares in seven listed…
Category: Companies
Luxury group LVMH’s sales defy downturn as shoppers splurge
Luxury goods group LVMH’s sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping partly to offset COVID…
Visa revenue growth slows more as tough economy sobers spending
Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The…
Intel ‘stumbled,’ CEO says; shares drop 9.5% as loss forecast
Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its…
Tata Chemicals Europe signs pact with Essar-backed Vertex for sale of low-carbon hydrogen
Northwich-based Tata Chemicals Europe on Thursday said that it has signed an offtake agreement with Essar-promoted Vertex Hydrogen for the supply of over 200 megawatts of low-carbon hydrogen. In a…
From where is Adani Group borrowing to fuel its growth?
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…
‘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…