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The US-based short seller Hindenburg Research shared an early access copy of its report against the Adani Group of companies with the New York-based hedge fund manager Mark Kingdon, two months before publishing it which resulted in profiting from a deal from the share price movement, as per apex securities market regulator of India,. The […]
‘Koo’ co-founders Mayank Bidawatka and Aprameya Radhakrishna on Wednesday decided to shut down the multilingual social media platform after many attempts to get investors were unsuccessful. “Here’s the final update from our end. Our partnership talks fell through, and we will be discontinuing our service (Koo platform) to the public. We explored partnerships with multiple […]
Hindenburg Research has named Uday Kotak as the facilitator of the bet against Gautam Adani for its client, Kingdon Capital, on Tuesday in response to a show cause notice from the Securities and Exchange Board of India (SEBI), adding a new twist to the controversy surrounding its report on the Adani Group. According to the […]
Following the achievement of the first WomenLeaders India Fellowship driven by Reliance Foundation and Vital Voices to support women leaders in the social sector in 2022–23, Reliance Foundation and Vital Voices have opened applications for the 2024–25 cohort on Monday. The Reliance Foundation is the philanthropic arm of Reliance Industries Limited. For the first time, […]
A home loan is a significant financial commitment. Managing it well is crucial for financial stability. One useful tool that can help is a home loan instalment calculator. Here’s what you need to know about them. What is a Home Loan Instalment Calculator? A home loan instalment calculator helps you calculate your monthly home loan […]
Gold can never lose its glitter for Indians. No matter how poor or rich a person is, a piece of gold jewellery will always be a staple asset in his locker. It is a financially prudent move to invest in gold. A study has found that an average Indian household has 18% of their total […]
The gross non-performing asset (GNPA) ratio for Indian banks plummeted to a 12-year low of 2.8% in March 2024. According to the Reserve Bank of India’s (RBI) recently released Financial Stability Report, this ratio is projected to decrease further to 2.5% by the end of the financial year 2024-25. Understanding GNPA Ratio: The GNPA ratio […]
Reliance Industries Limited’s subsidiary, Model Economic Township Limited (METL), has proudly welcomed BEUMER India as its first German customer to the integrated greenfield Smart City, MET City in Jhajjar, Haryana. This exciting development marks the expansion of the MET City family to over 570 companies from 10 different countries. BEUMER India conducted a ground-breaking ceremony […]
Paytm, the digital payments and financial services company owned by One 97 Communications, is making significant strides in its travel segment. The company recently announced partnerships with renowned travel aggregators such as Skyscanner, GoogleFlights, and Wego. Additionally, Paytm plans to collaborate with international aggregators, including Cambodia Angkor Air, SalamAir, and FlyDubai. The disclosure, filed under […]
The stock market will be closed for trading on Monday due to the Bakri Eid festival. The official website of the National Stock Exchange states that trading will resume on Tuesday. All market divisions, including stocks, derivatives, and SLBs, will be closed on Monday. Furthermore, the Multi Commodity Exchange of India Limited will be closed […]
Driven by demand revival in India’s traditional exports markets such as Europe and the United States (US), India’s goods exports in May logged a sharp 9 per cent year-on-year jump, even as country’s trade gap swelled to a seven-month high of $24 billion due to higher oil imports, as per data released by the commerce […]
The Group of Seven (G7) leading industrialised nations discussed migration, artificial intelligence, economic security and the Indo-Pacific region on the final day of their summit in Italy. The G7 leaders stressed their determination to meet global challenges “at a crucial moment in history.” The gathering in a luxury resort in Italy’s southern Puglia region also […]
Adani Ports and Special Economic Zone Limited (APSEZ) has been lauded by the Carbon Disclosure Project (CDP) for its outstanding contributions to climate action and the implementation of exemplary practices throughout its supply chain. The commendation was part of the ‘Climate Action in India: Role of Businesses & Supply Chain’ event, jointly hosted by the […]
Wife Vineeta Maloo has remained his backbone throughout, and following Jainism principles and yoga has helped their family find strength and serenity and attract massive business success. The world of business is a world of hustle-bustle. Finding balance is crucial and often takes individuals to crossroads and challenges. However, the ones who stay calm, committed […]
Tira, Reliance Retail’s omnichannel beauty retail platform, today announced the launch of its skincare brand, ‘Akind’. Co-founded by Mira Kapoor, Akind was unveiled at Tira’s flagship store at Jio World Drive in Mumbai. Akind understands that everyone’s skin is unique and deserving of personalized care and seeks to simplify skincare by listening to its needs. […]
Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy. Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023. On Friday, two listed companies […]
Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading port developer and operator, has been awarded the Letter of Intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. The five-year O&M contract was secured by APSEZ through a […]
The Adani group’s digital platform, Adani One, has introduced the first co-branded credit cards with airport-related advantages on Monday. The Adani Group’s entrance into the retail financial industry is signified by this strategic alliance with ICICI Bank. On the announcement, Director of Adani Group, Jeet Adani, said: “This unique partnership with ICICI Bank and Visa […]
Benchmark stock market indices, Sensex and Nifty50, opened at record high levels on Monday after exit polls predicted a third term for the BJP-led NDA government. The S&P BSE Sensex jumped over 2,000 points to a record high of 76,738.89, while the NSE Nifty50 rose to 23,338.70. Both the indices hit all-time highs. At 10:10 […]
A 30-year concession agreement has been signed by Adani International Ports Holdings Pte Ltd (AIPH), a fully-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), with the Tanzania Ports Authority for the operation and management of Container Terminal 2 at the Dar es Salaam Port in Tanzania on Friday. With a well-established network […]
