Congress MP Manickam Tagore has moved an adjournment motion in the Lok Sabha seeking a discussion on the Adani Group versus Hindenburg Research saga. Tagore also expressed concerns regarding the…
Category: Companies
BuzzFeed says most of cash and cash equivalents held at SVB
BuzzFeed Inc said on Monday that most of its cash and cash equivalents were held at Silicon Valley Bank, which was shut down last week. The digital media firm said…
Gautam Adani’s brother Vinod Adani owns Ambuja and ACC, not Adani Group: Report
Over a month after Hindenburg Research alleged that Gautam Adani’s elder brother Vinod Adani managed a network of offshore entities to facilitate fraud at Adani Group, a report on Monday…
Centre working on regulating e-pharmacies over data misuse concerns, say sources
The Centre is working on policies to regulate e-pharmacies over data misuse concerns, sources told India Today. This development may be seen as a setback for e-pharmacy players like Flipkart,…
Not deterred by difficult market conditions, companies still actively investing in R&D, study reveals
Challenging market conditions are failing to deter companies from discussing about investment around R&D, new technologies, as per a new report from the data and analytics company GlobalData. “Amid the…
Around 800 employees at Silicon Valley Bank’s India office face uncertainty
Around 800 employees working at Silicon Valley Bank’s India office face uncertainty after the bank collapsed over the weekend following a two-day long bank run. The bank has an office…
PE firm Kedaara Capital acquires majority stake in derma chain Oliva Skin & Hair Clinic
Private equity firm Kedaara Capital on Monday acquired majority stake in medico-aesthetic dermatology services player Oliva Skin & Hair Clinic. This is Kedaara Capital ‘s third investment in the single speciality healthcare segment.…
TCS marks its debut on Forbes list of America’s Best Large Employers
Software major Tata Consultancy Services (TCS) on Monday said that it has been featured on the Forbes annual list of America’s Best Large Employers. This recognition is based on an…
LIC’s debt exposure to Adani firms stands at Rs 6,183 crore as of March 5, 2023: FM tells LS
The Life Insurance Corporation of India (LIC) has informed the government that its debt exposure to Adani Group firms was Rs 6,347 crore and Rs 6,183 crore, as on December…
‘Things can go wrong’: Zerodha’s Nithin Kamath cites Silicon Valley Bank collapse to say why pessimism is a skill
Zerodha co-founder and CEO Nithin Kamath said it is astounding as to how many things can go wrong in a business right from rapid changes to not being able to…