Credit Suisse Group on Thursday reported its worst annual loss since the 2008 global financial crisis, hit hard by client withdrawals and warned that a further “substantial” loss would come…
Category: Companies
‘No irregularities found in operations, dealings’: Adani Wilmar on raids at their Himachal warehouse
Adani Wilmar said that the Himachal Pradesh GST Department officials did not find any irregularities in the operations and dealings of the company. It further said that the company is…
Adani-Hindenburg issue: SC to hear two pleas asking probe into Hindenburg report
The Supreme Court will hear two petitions on Friday, which have been filed to seek a court-monitored probe into short-seller Hindenburg Research’s report that accused the Adani Group of stock…
‘Trust, transparency can lead to more investments’: Finnish minister says Adani allegations must be cleared
Adani-Hindenburg issue: Finnish minister for Development Cooperation and Foreign Trade Ville Skinnari on Wednesday said that there should be trust and transparency in the market and there should be ways…
Adani Group premises raided in Himachal Pradesh on allegations of tax irregularities
Himachal Pradesh State Excise and Taxation Department has raided the Adani Wilmar stores among other Adani Group establishments in the state. The team of the South Enforcement Zone of the…
‘Millennials were luckiest’: Zerodha’s Nikhil Kamath says it won’t be easy for Gen Z to start a business
Zerodha co-founder Nikhil Kamath, who usually dispenses market advice on Twitter, on Wednesday had a bad news for the Gen Z entrepreneurs. He said the period of 2008 to 2022…
Adani Group to pre-pay $500-million loan due on March 9: Report
Adani Group is planning to prepay a $500 million loan due next month to a group of foreign banks including Barclays Plc and Standard Chartered, Bloomberg reported on Wednesday. Barclays…
Entropik bags $25 mn from Bessemer, SIG to further build its emotion AI tech suite
Artificial intelligence-powered integrated market research platform provider Entropik has secured $25 million in Series B funding led by Bessemer Venture Partners and SIG Venture Capital. Its existing investor Bharat Innovation…
Adani Power Q3 net profit slumps 96% to Rs 8.7 cr as fuel costs rise
Adani Power, the power generating arm of the Adani Group, posted consolidated net profit of Rs 8.7 crore in the three months ended Dec 31, down from Rs 218 crore…
TotalEnergies CEO says it has not signed contract on new Adani hydrogen venture
European multinational energy major TotalEnergies has not yet signed any new contract announced last year to extend its partnership with Adani Group to the production of green hydrogen, CEO Patrick…