AEL's growth in m-cap was 9X of net profit even before Hindenburg struck
Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of Adani Total Gas)
Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of Adani Total Gas)
Hong Kong investor lent Rs 3,000 crore to property developers last year
Finance sector employees also don't see their jobs being at risk: MLIV Pulse survey
India, incidentally, was the fastest country to report the unemployment rate for the month of January 2023
Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report. Forex traders said the Hindenburg Research report has soured market mood towards Adani Group stocks, leading to a sharp decline in the stock prices. At the end of Monday's trading session, six of the 10 Adani group companies ended in the negative territory, with Adani Transmission slipping 10 per cent... Читать дальше...
In the Union Budget 2023-24, Finance Minister Nirmala Sitharaman had hinted at fostering a research-driven climate in the pharma sector in India
Reliance Capital lenders have approached the National Company Law Appellate Tribunal (NCLAT) to seek a second round of financial bids for the debt-ridden firm, presently going through the insolvency resolution process. Vistra ITCL (India) Ltd, one of the members of the Committee of Creditors of Reliance Capital has filed an appeal before the appellate tribunal. The petition has been listed before the bench headed by Chairman Justice Ashok Bhushan for hearing on Tuesday. Earlier on February 2, the... Читать дальше...
Spread across 615 acres of land, the factory, for which the PM laid the foundation stone in 2016, would initially manufacture Light Utility Helicopters (LUH))
The Adani group stocks have shed Rs 9.4 trillion in market value since June 24
Lok Sabha Speaker Om Birla on Monday said India would always be a reliable friend to Bhutan while noting the Rs 2,400-crore allocation for the neighbouring country in this year's Union Budget during a meeting with a Bhutanese Parliamentary delegation. The Bhutanese delegation, led by National Assembly Speaker Wangchuk Namgyal, also called on Vice-President and Rajya Sabha Chairperson Jagdeep Dhankhar in Parliament. The largest share of India's aid portfolio has been granted towards Bhutan with an allocation of Rs 2,400 crore -- constituting 41.
The first ever Energy Transition meet in India has seen a consensus emerge on nations needing separate pathways to energy transition
Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the same will fall by 10 basis points to 3.45 per cent, a global rating agency said on Monday. "We expect the domestic banking sector's average net interest margin to slightly contract by about 10 bps (basis points) in FY24 to 3.45 per cent, following a 15 bps increase in FY23 to 3.55 per cent, in a base case scenario, but remain well above that during FY17-FY22... Читать дальше...
The plan was pushed through even after government officials refused to approve it, they said, adding the government is trying to nudge Hindustan Zinc to withdraw the proposal
The Delhi Congress on Monday lashed out at the BJP and the AAP, accusing them of stalling the mayoral elections and making a "mockery" of people's mandate in the MCD polls. Delhi Congress president Anil Chaudhary alleged that the AAP has betrayed the people of Delhi by "disrupting" the poll for the third time. He also accused the AAP councillors of clashing with the BJP councillors on the issue of allowing alderman to vote. The municipal House failed to elect a mayor for a third time in a month on... Читать дальше...
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs 130 crore from UPI transactions in three... Читать дальше...
So far, two e-auctions have been held, and in them around 920,000 tonnes of wheat has been sold
Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the metro services will be operational for the people of Agra by the beginning of 2024. He was inaugurating the underground work for the tunnel of the Agra Metro Rail Project being undertaken by Uttar Pradesh Rail metro Corporation (UPMRC). Talking to reporters Adityanath said, "The priority corridor of six kilometres would be completed ahead of the six months of the scheduled target and Metro services will be operational for the people... Читать дальше...
20 domestic departures, three international departures, 31 domestic arrivals and three international arrivals were cancelled at IGI Airport in December 2022 and January 2023
JD(U) national president Rajiv Ranjan Singh alias Lalan on Monday asserted that disgruntled leader Upendra Kushwaha has ceased to be the chairman of the party's parliamentary board. Lalan said Kushwaha was, now, "only a JDU MLC" though the former Union minister could get "re-nominated" to the top party post, subject to "continuance and commitment" (agar party mein rahenge, man se rahenge). "Only the national president was elected at the party's national executive meet held in December. No other office-bearer has since been appointed. Читать дальше...
India's domestic traffic reached 85.7 per cent of the level of 2019 -- pre-Covid year -- in 2022 even as the recovery in air travel continued in December last year, global aviation body IATA said on Monday. Total traffic in 2022 (measured in revenue passenger kilometers or RPKs) rose 64.4 per cent compared to 2021, International Air Transport Association (IATA) said. It also said that globally, full year 2022 traffic was at 68.5 per cent of pre-pandemic (2019) levels while December 2022 total traffic... Читать дальше...
His rule contributed to Indo-Pak tensions
Union Home Minister Amit Shah and Tripura Chief Minister Manik Saha on Monday held a roadshow from 'Ashram Chowmuhani' to 'Chowmuhani Mode' at Banmalipur in Agartala
Overall conditions call for another rate hike
Billionaire Mukesh Ambani's Reliance Industries on Monday showcased a truck that runs on hydrogen, the cleanest known fuel whose tail emissions are only water and oxygen, at the India Energy Week here. The Ashok Leyland manufactured truck with two large hydrogen cylinders was put up at a hall adjacent to the main venue where Prime Minister Narendra Modi inaugurated the three-day event that is themed around 'Growth, Collaboration, Transition'. A display near the truck said this was "India's 1st H2ICE... Читать дальше...
Experts have 'buy' rating with price targets between Rs 730 and Rs 1,150
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