Sunday, May 28, 2023
Hindenburg shorts Jack Dorsey's payments firm Block

Hindenburg takes aim at Jack Dorsey’s payments firm Block; shares plungeSign In to read

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

UK inflation jumps to 10.4 per cent, surprising analystsSign In to read

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

Adani says Mundra petchem work suspended as finances not tied-up yetSign In to read

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.

Risky bet on crypto and a run on deposits tank Signature BankSign In to read

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.

Adani largest Indian investor in Australia, no impact on business: Envoy amid Hindenburg rowSign In to read

March 6, 2023 21:01 IST

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

PM Modi Shivamogga airport

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.

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.

Retail investors keep faith in India despite Adani routPremium Story

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, Adani

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.

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.

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.

Adani contagion spreads as Indian benchmark nears correctionPremium Story

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 correctionPremium Story

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.

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.

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 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 crPremium Story

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 and Mahindra to invest in EV manufacturing plant

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.

WPI inflation cools to 22-month low of 4.95% in DecemberPremium Story

January 17, 2023 00:01 IST

The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021.

Markets settle lower for 2nd day

January 5, 2023 17:32 IST

ITC, Hindustan Unilever, NTPC, Mahindra & Mahindra, Nestle and Larsen & Toubro were the major winners.

Twitter, Twitter Elon Musk, Elon Musk, Twitter policy changes, Twitter changes

Here’s how Elon Musk became the first person ever to lose $200 billion

December 31, 2022 14:16 IST

Elon Musk became the world’s richest person when his wealth reached $340 billion on November 4, 2021. He lost the title early this month to French fashion and cosmetics magnate Bernard Arnault.

Fitch affirms India’s sovereign rating on robust growth, resilient external finances

December 21, 2022 11:59 IST

Fitch, however, expects a modest fiscal slippage in current financial year with central government fiscal deficit at 6.6 per cent of GDP against 6.4 per cent pegged in Budget, due to higher food and fertiliser subsidies.

SEBI Board meeting: Share buybacks via stock exchanges to be phased outPremium Story

December 21, 2022 00:18 IST

The markets regulator also took decision to strengthen the governance mechanisms in Market Infrastructure Institutions (MIIs)