Business
Global growth will be weak in 2023 before rebounding next year: IMF
The global economy is set to slow down this year before bouncing back in 2024, a senior official with the International Monetary Fund (IMF) has said, citing China’s sudden re-opening following the end of its “zero-COVID” policy, and a mild winter, in Europe as factors.
Business
“Fraud cannot be obfuscated by nationalism”: Full text of Hindenburg’s reply to Adani
Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised, Hindenburg Research said on Monday soon after Gautam Adani group likened the damaging allegations by the US institute to a “calculated attack” on India.
- Advertisement -
Business
Adani Group loses Rs 2 lakh crore in market cap days after Hindenburg report
The Adani group lost nearly Rs 2 lakh crore in market capitalisation in early trading hours on Friday, taking the overall decline in its market capitalisation to over Rs 2.75 lakh crore since Tuesday’s closing.
Business
“We asked 88 straightforward questions. Adani has answered one of these”: Hindenburg
Hindenburg Research said on Thursday that Adani hasn't addressed a single substantive issue they raised in their report.
- Advertisement -
Business
Prannoy Roy, Radhika Roy resign from NDTV Board
Prannoy Roy and Radhika Roy, founders and promoters of channel New Delhi Television (NDTV), have resigned as directors on the board of NDTV’s promoter group RRPR Holding Private Limited(RRPRH) amid the Adani Group’s open offer to acquire India’s leading news channel.
Business
Popular drinks brand Rasna’s founder Areez Khambatta dies
The founder and chairman of Rasna Group, Areez Pirojshaw Khambatta, died on 19 November, the firm said in a statement on Monday.
- Advertisement -
Business
Amazon plans to lay off 10,000 employees soon
Amazon is planning to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, report many media outlets.
Business
Twitter suspends $8 subscription after fake accounts spread
Twitter suspended allowing people to sign up for its paid subscription feature that grants blue check marks amid a flood of fake accounts, just days after it launched the controversial feature.
- Advertisement -
Business
6 years after demonetisation, RBI finds record 30.88 lakh crore currency with public
Currency in circulation among citizens increased to a new high of Rs 30.88 lakh crore in October, breaking the record, a report by the Reserve Bank of India said, as...
Business
Indian Rupee opens at all-time low of 83.06 against US dollar
The Indian rupee on Thursday fell 6 paise to an all-time low of 83.06 against dollar in early trade amid continuous foreign capital outflows and a strong US currency in the overseas markets.
- Advertisement -
Business
Noted industrialist Atlas Ramachandran dies at 80
Veteran Non-resident Indian businessman and film producer Atlas Ramachandran died on Sunday at the age of 80 in Dubai.
Business
Adani to acquire 29% stake in NDTV; Move without consent, says media group
Hours after industrialist Gautam Adani’s group said it will buy a majority stake in New Delhi Television Ltd (NDTV), the media group said that the move was executed without its consent.
- Advertisement -
