Adani Group hires top US law firm Watchell to take on Hindenburg Research
Feb 11, 2023, at 08:16 am
The Adani Group is likely to take US short-seller Hindenburg Research to court over its report accusing the Gautam Adani-led conglomerate of stock manipulation and accounting fraud. The company has hired one of Wall Street's legal powerhouses to take on Hindenburg Research, reported The Financial Times.
Moody's downgrades ratings of four Adani companies
Feb 11, 2023, at 06:35 am
Mumbai: Moody’s Investors Service on Friday downgraded the outlook on four out of the eight Adani Group companies from stable to negative, media reports said.
RIL to invest Rs 75,000 cr in next 4 yrs in UP: Mukesh Ambani
Feb 11, 2023, at 05:39 am
Lucknow: Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Friday said that his firm would make an additional investment of Rs 75,000 crore in the country's third largest state Uttar Pradesh in the next four years, which would create more than one lakh new employment opportunities.
Govt asks blocked loan apps to furnish documents to prove legality of their practices
Feb 11, 2023, at 05:03 am
New Delhi/IBNS: The government has asked the loan apps blocked after a notice from the Ministry of Electronics and Information Technology (MeitY) have been asked to furnish documents to prove that they operated within legal boundaries, media reports said.
Feb 11, 2023, at 03:57 am
New Delhi: The Supreme Court has asked stock market regulator SEBI to respond by Monday on possible measures that can be taken to protect the interest of Indian investors in crisis situations such as the market crash triggered by US short-seller Hindenburg Research's report on Adani Group, media reports said.
China's Alibaba offloads entire stake in Paytm
Feb 11, 2023, at 03:55 am
Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.
Android case: SC refuses to modify NCLAT's order upholding CCI's penalty on Google
Feb 11, 2023, at 03:43 am
New Delhi: The Supreme Court on Friday rejected Google’s plea to modify its January 19 order in a case of unfair and anti-competitive practices related to Android devices, media reports said.
IOB Q3 net profit moves up by 22 pct
Feb 11, 2023, at 12:10 am
New Delhi: The Indian Overseas Bank has recorded a 22 percent rise in net profit for the third quarter of Financial Year 2022-23 (FY23) at Rs 555 crore.
Indian Market: Sensex falls 123.52 pts
Feb 10, 2023, at 11:08 pm
Mumbai: The BSE sensex fell 123.52 pts to close at 60,682.70 on profit booking by local operators at higher level.
India's bright future key to world's bright future: PM Modi
Feb 10, 2023, at 09:01 pm
Lucknow/UNI: Prime Minister Narendra Modi on Friday said the guarantee of the bright future of the world lies in the bright future of Indiawhile inviting investors from all over the world to invest in the entire country, specially Uttar Pradesh.
Vi expands retail presence in rural West Bengal with launch of over 200 Vi Shops
Feb 10, 2023, at 08:29 pm
Kolkata: In line with its strategy to get closer to rural consumers, leading telecom operator, Vi, has launched over 200 new format ‘Vi Shops’ across Tier 3 locations in West Bengal.
Tiago.ev now starts at a price of INR 8.69 Lakh
Feb 10, 2023, at 07:37 pm
Mumbai: Automobile major Tata Motors on Friday announced the new price of the Tiago.ev, bringing to an end the launch pricing offered to its first 20,000 customers.
Yahoo to layoff 20 percent staff
Feb 10, 2023, at 03:39 pm
New Delhi: IT major Yahoo has said it will layoff 20 percent of the total workforce as part of a major restructuring of its ad tech unit, media reports said.
Volvo Car India appoints Dipankar Mukherjee as head of marketing & PR
Feb 10, 2023, at 05:39 am
Kolkata/IBNS: Volvo Car India has appointed Dipankar Mukherjee as Head of Marketing & PR, the company said in a press release.
Feb 09, 2023, at 08:49 pm
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”
Ola's first electric car on track, likely to hot market in 2nd half of 2024
Feb 09, 2023, at 05:42 pm
Bengaluru: Electric-scooter maker Ola Electric Mobility Pvt. is moving ahead on its plan to deliver its first four-wheel vehicle in the second half of 2024, Bloomberg reported citing the company’s Chief Financial Officer G.R. Arun Kumar.
RBI to launch pilot project on QR code-based coin vending machines
Feb 09, 2023, at 07:52 am
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
Adani Group to prepay $500 million loan due next month: Report
Feb 09, 2023, at 06:26 am
The Adani Group is looking to prepay a $500 million loan due next month to a consortium of banks as the Gautam Adani-led conglomerate looks to bolster its finances following a short seller attack, Bloomberg reported.
Adani Power's Q3FY23 net profit dips 96 pc y-o-y to Rs 8.7 cr
Feb 09, 2023, at 05:17 am
Mumbai: Adani Power, a part of Adani Group, on Wednesday said its consolidated net profit dipped 96 percent year-on-year Rs 8.7 crore for Q3FY23.
TotalEnergies pauses participation in Adani Group's hydrogen project
Feb 09, 2023, at 04:18 am
French company Total Energies, the biggest investor in Adani group, Wednesday said it has put on hold participation in the conglomerate’s $50 billion hydrogen project until the results of an audit launched following US short-seller Hindenburg Research’s accusations, according to a report in the media.
RBI hikes repo rate by 25 bps to 6.5 %, pegs FY24 inflation at 5.6%: Experts react
Feb 09, 2023, at 03:04 am
Mumbai/IBNS: The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.50 percent in line with the expectations of the experts. However, it didn’t indicate an end to tightening its stance contrary to the market expectations.
Indian Market: Sensex advances 377.75 pts
Feb 08, 2023, at 10:42 pm
Mumbai: The benchmark index of Bombay Stock Exchange rallied 377.75 pts to close at 60,663.79 following gains in Commodities, Health Care, IT and Technology stocks along with rising Repo Rates in RBI Monetary policy announced on Wednesday.
Airtel announces strategic partnership with Vultr to deliver cloud solutions to enterprises
Feb 08, 2023, at 10:36 pm
New Delhi: Telecom service provider Bharti Airtel and Vultr, a privately-held cloud computing company, on Wednesday announced a strategic partnership to offer cloud solutions to enterprises in India.
Federal Bank disburses the largest amount of climate loans
Feb 08, 2023, at 10:27 pm
Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.
Aditya Birla Housing Finance launches #ApnaGhar campaign
Feb 08, 2023, at 09:48 pm
Kolkata: Positioning itself as an enabler of dreams, Aditya Birla Housing Finance Ltd. (ABHFL), the Housing Finance arm of Aditya Birla Capital Ltd., rolled out its #ApnaGhar campaign.
CreditAccess Grameen Ltd's Q3 net profit surges 85 pct YoY to Rs 217 cr
Feb 08, 2023, at 04:13 pm
Bengaluru: CreditAccess Grameen Limited, a non-banking financial company-Micro Finance Institution (NBFC-MFI), on Tuesday announced its unaudited and limited reviewed financial performance for the third quarter and nine months of the period ended 31 December 2022 where it registered a total income of Rs. 909.72 crores.
RBI increases repo rate to 6.5 pct
Feb 08, 2023, at 03:50 pm
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.
Indian Market: Sensex moves up by over 200 pts
Feb 08, 2023, at 03:40 pm
Mumbai: The BSE Sensex on Wednesday surged 254.86 points at 60,540.90 in opening trade ahead of RBI Monetary policy today.
NielsenIQ successfully concludes first phase of expansion in Chennai facility; hires 2500 people
Feb 08, 2023, at 03:37 pm
Kolkata: NielsenIQ, a global information services company, has announced completion of the first phase of expansion program in Chennai Hub.
Paytm Payments Bank collaborates with NPCI to introduce ‘RuPay Credit Card on UPI’
Feb 08, 2023, at 03:27 pm
Kolkata: Paytm Payments Bank Limited (PPBL), on Tuesday announced that it has collaborated with NPCI to introduce ‘RuPay Credit Card on UPI’, thus enabling users to link RuPay credit cards to UPI for all merchant payments.