Nathan Anderson, the founder of US short seller Hindenburg Research, fired another salvo at the embattled Gautam Adani-led Adani Group citing Signpost, Wikipedia’s independent newspaper. “Signpost is out with an…
Category: Companies
Adani Wilmar’s Singapore partner’s annual profit jumps on oilseeds, grains segment strength
Singapore-listed agribusiness Wilmar International Ltd, which has a joint venture with Adani Group in Adani Wilmar, reported a 27% rise in its full-year net profit on Tuesday, underpinned by its…
‘Unethical & unjust’: Wipro’s reduced pay package infuriates freshers, employee union
Wipro is rolling out revised offer letters with lower salaries to thousands of freshers who have been waiting for the company to onboard them for the past 12 months. Some of…
$3.7 bln UK mass action against Facebook over market dominance rejected for now
Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise…
Adani-Hindenburg fallout: How much debt has Adani Group repaid since Jan 2023
Amid fallout from a US short seller’s scathing report, Adani Group has been trying to boost investor confidence by prepaying its debt, the latest being Adani Ports prepaying Rs 1,000-crore…
TCS bags deal to digitally transform German telecom operator’s business
India’s largest IT services company Tata Consultancy Services (TCS) announced that it has won a deal to digitally transform Telefonica Germany’s specific operations. The latter is a leading German telecom…
Ericsson to cut 1,400 jobs in Sweden
Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier…
Air India to pay pilots up to Rs 2 crore! Airline in hiring spree after deal with Boeing, Airbus
Air India has started hiring across ranks and roles to prepare for the delivery of the 470 aircraft from Boeing and Airbus. The airline currently has staff supporting around 140…
Centre opposes Vedanta’s $3 bln zinc assets sale, rekindling debt worries
The Indian government has opposed Hindustan Zinc Ltd’s $2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal’s plans to trim…
Gujarat: Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India
A joint venture of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalised the Dholera Special Investment Region near Ahmedabad city of Gujarat for setting up their semiconductor and…