BUSINESS OTHERS NEWS

Hindenburg shorts Jack Dorsey's payments firm Block

Hindenburg takes aim at Jack Dorsey’s payments firm Block; shares plunge

March 23, 2023 21:58 IST

Shares of Block fell 13% in premarket trading after the report.

UK inflation jumps to 10.4 per cent, surprising analysts

March 22, 2023 15:53 IST

The consumer price index jumped to 10.4% in the 12 months through February from 10.1% the previous month, the Office for National Statistics said.

Adani says Mundra petchem work suspended as finances not tied-up yet

March 20, 2023 22:28 IST

The Hindenburg report had alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices.

Over the past decade, Signature had begun to expand its business nationally, and to the West Coast in particular. (File)

Risky bet on crypto and a run on deposits tank Signature BankSubscriber Only

March 13, 2023 12:40 IST

Over the past decade, Signature had begun to expand its business nationally, and to the West Coast in particular.

Australian High Commissioner Barry O'Farrell said that the Adani Group is probably the largest investor from India in Australia.

Adani largest Indian investor in Australia, no impact on business: Envoy amid Hindenburg row

March 6, 2023 21:01 IST

Adani Group operates a port terminal, coal mines and solar energy projects in Australia.

Days of ‘Made-in-India’ passenger aircraft not far away, says PM Modi in Karnataka

February 27, 2023 14:11 IST

PM Narendra Modi said the days of 'Made-in-India' aircraft were not far away as India was going to need thousands of aircraft in the coming days.

At present, there are 5 REITs and 19 InvITs registered with Sebi. (File photo)

Sebi bans Capital Worth, its partners from securities market for 3 yrs

February 23, 2023 18:18 IST

Capital Worth is a partnership firm and its partners are Ankit Shrivastav, Mohammed Aamir Shaikh, Shahid Rangrej and Sameer Memon.

The exterior of Adani group building at Adani Shantigram, Gandhinagar. (Express photo by Nirmal Harindran, file)

Retail investors keep faith in India despite Adani routSubscriber Only

February 15, 2023 16:04 IST

Roughly 1 million new trading accounts are opened every month, and the total has now climbed above 110 million, more than the populations of South Korea and Spain combined.

SEBI probes Adani Group’s links to investors as Modi’s office is briefed: Report

February 10, 2023 21:05 IST

The Securities and Exchange Board of India (SEBI) is looking into any potential violation of Indian securities laws or any conflict of interest in the share sale process, said the two sources who have direct knowledge of the matter.

France’s Total puts hydrogen partnership with Adani on hold pending clarity on allegation

February 8, 2023 23:21 IST

TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture.

Reserve Bank of India governor Shaktikanta Das. (File)

Amid Adani Group developments, RBI chief says Indian banking system stronger, larger to be impacted by ‘case like this’

February 8, 2023 14:20 IST

Concerns have been raised about Adani Group companies, including about the exposure of lenders to the conglomerate, in the wake of an adverse report by US-based short seller Hindenburg Research.

Most Adani group cos rise; Adani Enterprises jumps 14 pc

February 7, 2023 14:11 IST

Adani Ports and Special Economic Zone rose 5.79 per cent to Rs 577.65, while Adani Green Energy jumped nearly 3 per cent to Rs 913.70.

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. (Reuters)

Bank of England raises borrowing costs to 4%, hints rates near peak

February 2, 2023 19:30 IST

The central bank said Britain was still on course for a recession but it was likely to be "much shallower" than it feared in its last forecasts in November.

Contagion from the $100 billion wipeout in Adani group’s stocks following a scathing report from Hindenburg Research last week has helped push the MSCI India Index to the brink of a technical correction. (Source: Bloomberg)

Adani contagion spreads as Indian benchmark nears correctionSubscriber Only

February 3, 2023 04:25 IST

The meltdown in Adani shares is likely to hasten the shift of funds toward China as the mainland’s reopening from Covid Zero gathers pace.

Adani contagion spreads as Indian benchmark nears correctionSubscriber Only

February 2, 2023 16:03 IST

The meltdown in Adani shares is likely to hasten the shift of funds toward China as the mainland’s reopening from Covid Zero gathers pace.

In contrast, the broader NSE Nifty declined 45.85 points or 0.26 per cent to end at 17,616.30. (File photo)

Markets settle marginally higher ahead of Budget, US Fed’s rate decision

January 31, 2023 17:37 IST

From the Sensex pack, Mahindra & Mahindra, UltraTech Cement, Power Grid, State Bank of India, ITC, Titan, Tata Motors and ICICI Bank were among the major winners.

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha on the first day of Budget Session of Parliament. (PTI)

Economic Survey projects India’s GDP growth to slow down to 6.5% in FY 2024: Highlights

January 31, 2023 17:46 IST

The Economic Survey, however, has listed risks and challenges from widening current account deficit (CAD) amid elevated commodity prices, likelihood of further rate increases in policy rates by the US Federal Reserve, and the challenge of the depreciating rupee.

Vistara started operations on January 9, 2015, and currently has a fleet of 52 planes. (File photo)

Vistara turns profitable for first time in December 2022 quarter

January 23, 2023 18:59 IST

Vistara said it crossed the $1 billion revenue mark and remained Earnings Before Interest, Taxes, Depreciation and Amortisation positive in the current fiscal year.

Union Bank of India, non performing assets (NPAs), Business news, Indian express, Current Affairs

Union Bank Q3 net jumps 2-fold to Rs 2,245 cr

January 21, 2023 07:53 IST

Its net interest income grew 20.26 per cent to Rs 8,628 crore from Rs 7,174 crore in the year-ago quarter.

Mahindra’s upcoming Born Electric Vehicles (BEVs) were showcased in Oxfordshire, UK, on August 15, 2022.
(Representational image)

Mahindra and Mahindra to invest in EV manufacturing plantSubscriber Only

January 18, 2023 20:43 IST

The company, through its subsidiary, will make investments of approximately Rs 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra’s upcoming Born Electric Vehicles.