Category: Stocks

The launch of the US-India Alliance for Women’s Economic Empowerment STEM Collaborative was announced by Mukesh Aghi, president and CEO of the US-India Strategic and Partnership Forum during the US-India Alliance Shatter Summit. PTI January 27, 2023 / 06:44 AM IST Representative image A top India-centric American business advocacy group, in collaboration with various US […]

Bonds and shares of Adani-related entities slumped after Hindenburg, an investment research firm that specializes in short-selling, made wide-ranging allegations of purported corporate malpractice following what it said was a two-year investigation into Adani’s companies. January 26, 2023 / 01:56 PM IST Adani Group India’s Adani Group said it’s exploring legal action against US investor […]

As per the latest enforcement report by the US Food and Drug Administration (USFDA), Macleods Pharma Inc, a US-based unit of the company, is recalling 10,052 bottles of Levofloxacin tablets, which are used to treat different types of bacterial infections. PTI January 26, 2023 / 02:28 PM IST Macleods Pharmaceuticals is recalling around 10,000 bottles […]

Adani met Azerbaijan President Ilham Aliyev in Davos last week, according to a statement from the office of the President of Azerbaijan. PTI January 26, 2023 / 02:47 PM IST Adani Group Asia’s richest man Gautam Adani’s group is eyeing petrochemical and mining projects in Azerbaijan as the ports-to-energy conglomerate looks to expand the business […]

Bonds and shares of Adani-related entities slumped after Hindenburg, an investment research firm that specializes in short-selling, made wide-ranging allegations of purported corporate malpractice following what it said was a two-year investigation into Adani’s companies. January 26, 2023 / 12:05 PM IST Adani Group India’s Adani Group said it’s exploring legal action against US investor […]

Global private equity firm Bain Capital’s affiliate has sold its stake in maritime logistics company JM Baxi, the details of the transaction have not been revealed yet. Global private equity firm Bain Capital said its affiliate has sold its stake in logistics company J M Baxi Ports & Logistics. The stake has been sold to a […]

A round-up of the biggest articles from newspapers A round-up of the biggest articles from newspapers Adani shares plummet after investment researcher alleges share rigging and fraud Hindenburg Research, a US-based investment research firm, has alleged that the Adani Group had engaged in brazen stock manipulation and accounting fraud scheme. It has also accused the […]

Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies. Reuters January 26, 2023 / 06:27 AM IST Adani Group Short-seller Hindenburg Research disclosed on Wednesday short positions in India’s Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the conglomerate’s […]

The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. PTI January 25, 2023 / 01:46 PM IST Easy Trip Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a […]

Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added. January 25, 2023 / 02:02 PM IST Adani Group Middle Eastern investors including International Holding Co […]

Hindenburg said its report was based on an investigation over two years that involved speaking with dozens of individuals, including former Adani Group executives as well as a review of documents. Reuters January 25, 2023 / 02:21 PM IST Adani Group ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else […]

Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube. PTI January 25, 2023 / 02:51 PM IST Hero MotoCorp The country’s largest two wheeler maker Hero MotoCorp on Wednesday said it has commenced […]

SEZABY is the first and only product approved by the US Food and Drug Administration (USFDA) for the treatment of neonatal seizures in term and preterm infants, Sun Pharma said in a regulatory filing. PTI January 25, 2023 / 02:33 PM IST Sun Pharmaceutical Industries ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

The employees alleged that because of this situation, they are unable to pay their children’s education fees or treat ailing family members properly, and some of them including officers have started selling fruits or tea to make both ends meet. PTI January 25, 2023 / 10:28 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

India’s Mukesh Ambani, Brazil’s Jorge Paulo Lemann and France’s Xavier Niel will join KKR & Co. co-founder Henry Kravis and Walt Disney Co. Chief Executive Officer Robert Iger in investing $ 175 million to purchase a 3.3% stake in Thrive. January 25, 2023 / 08:12 AM IST RIL chairman and managing director Mukesh Ambani (Image: […]

Stocks from Reliance to TCS and Adani Enterprises will be settled on a ‘trade-plus-one-day’ timeline versus the earlier two-day process. The shift will boost operational efficiency as rolling of funds and stocks will be faster January 24, 2023 / 09:05 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

Authorities have promoted the 80 billion rupee ($ 984 million) issue to the country’s biggest domestic asset managers, including state-run insurers and pension funds as well as foreign investors. January 24, 2023 / 09:41 PM IST India’s first sovereign green bond will go to auction January 25, and policy makers have laid the groundwork to […]

Earnings growth trajectory likely to remain strong for Axis Bank, aided by improving macro and rapid market share gains The strong fundamentals and favourable macro could pave the way for expansion in the RoA in the quarters ahead PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures […]

SpiceJet is also offering additional discounts on bookings made through the airline’s website and mobile application. The booking period within which these discounts can be availed starts from January 24 and ends on January 29 SpiceJet announced sale on flight tickets on January 24 , ahead of Republic Day, a release by the airline stated. The […]