Fintech major Paytm hit EBITDA level profitability (before ESOP costs) of Rs 31 crore in the December quarter —three quarters ahead of its guidance. EBITDA before ESOPs is a new-age…
Category: Companies
Adani Enterprises faces risk of Rs 11,574 crore unsecured loan recall by banks
Adani Enterprises and its subsidiary companies have taken out unsecured loans totalling Rs 11,574 crore, which are now at the risk of being recalled by banks and financial institutions. Though…
Standard Chartered stops accepting Adani dollar bonds after Citigroup, Credit Suisse
British lender Standard Chartered has stopped accepting Adani Group bonds as collateral on margin loans. This comes after similar measures were announced by Citigroup and Credit Suisse, both of which…
Adani Group plans to trim its capital spending plans: Report
India’s Adani Group plans to trim its capital spending plans, newspaper Mint reported on Monday citing people close to the development, days after the conglomerate’s flagship firm called off a…
Carlyle hires ex-Goldman executive Harvey Schwartz as next CEO
Carlyle Group has hired Harvey Schwartz, a former Goldman Sachs executive, as its next chief executive officer, a person familiar with the matter told Reuters on Sunday. Schwartz’s appointment, which…
Foxconn’s January sales surge as China COVID disruption shaken off
Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID…
Adani offshore investor Opal Investment linked with Adani Family: Report
Opal Investment Pvt. Ltd. is an offshore company that is a major shareholder in Adani Power, the energy firm at the heart of Indian billionaire Gautam Adani’s business empire, reported…
Failing internal tests, 600 trainees allegedly let go at Infosys
Indian IT giant Infosys has sacked hundreds of fresher employees after they failed to clear the internal fresher assessment (FA) test, Business Today has learnt. A fresher who was onboarded…
‘Possible that Hindenburg was indulging in hyperbole’: Aswath Damodaran says Adani Group competent player in infra business
Aswath Damodaran, Professor of Finance at the Stern School of Business at New York University, said in a blog post that “it is possible that Hindenburg was indulging in hyperbole…
Uday Kotak on Adani-Hindenburg row: ‘Do not see systemic risk to Indian financial system, but…’
Amid the raging controversy over a damaging report by Hindenburg Research on the Adani Group, industrialist and banker Uday Kotak on Sunday said that he does not see systemic risk…