Adani Enterprises’ Rs 20,000-cr FPO got subscribed only 1% on Day 1 owing mainly to a scathing report Hindenburg Research, the US short seller that triggered a selloff in the…
Category: Companies
Tech Mahindra bets big on 5G solutions, to clock $1 bn in revenue from 5G solutions in FY23
Unlocking immense opportunities for industries across sectors in the country, 5G has become a strategic bet for India’s leading Indian IT firm Tech Mahindra. The company has witnessed tremendous growth…
Go First fined Rs 10 lakh by DGCA for leaving behind 55 passengers at Bengaluru airport
Go First airline has on Friday been fined Rs 10 lakh by aviation regulator DGCA for leaving behind 55 Delhi-bound passengers at Bengaluru airport. “An incident occurred on January 9,…
Bajaj Finance Q3 profit jumps 40% to Rs 2,973 crore; NII up 24%
Bajaj Finance on Friday reported a 40 per cent year-on-year (YoY) rise in consolidated profit after tax (PAT) at Rs 2,973 crore for the December quarter compared with Rs 2,125…
Vedanta Q3 results: Net profit falls 42% to Rs 3,092 cr, declares interim dividend of Rs 12.5/share
Mining conglomerate Vedanta Resources on Friday reported 42% decline in consolidated net profit at Rs 3,092 crore for the quarter ending December 31, 2022 as against Rs 5,354 crore in…
‘IT firms need to be creators of talent and not just consumers,’ says Accenture’s Rekha M. Menon
IT companies in India need to be creators of talent and not just consumers, especially in the socio-economic context of the country, said Accenture in India’s Chairperson and Senior Managing…
SEBI tightens scrutiny of recent Adani Group deals post Hindenburg’s claims: Report
Market regulator Securities and Exchange Board of India (SEBI) has said that it may use Hindenburg report for its own probe into Adani Group’s offshore fund holdings, said a report…
Adani Group vs Hindenburg: Short selling is not shareholder activism, says corporate governance firm InGovern
Hindenburg report on Adani Group: Corporate governance firm InGovern on Friday said that short selling is not shareholder activism and such campaigns could be disruptive for management and companies. InGovern’s…
Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’
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…
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…