INDIA LOST ITS OLDEST MILLIONAIRE Ex-chairman of the Mahindra cum India’s oldest millionaire, Keshub Mahindra dies at 99 on April 12, 2023. In a recent tweet, Pawan Goenka, chairman of the Indian National Space Promotion and Authorization Centre (INSPACe), confirmed the news. The tweet by Goenka read “The industrial world has lost one of the […]
Massive layoff in Indian and other countries. in 2023 what is the current situation and top company layoff all over the world Covid -19 led to significant increase in job losses in India and other countries which started since April 2020.The pandemic and its associated lockdown and restriction have severely impacted businesses and economies .
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CRUDE OIL PRICES RISE DESPITE INFLATION – IS CUTOFF THE REASON? The global benchmark mark of the crudes all over, brent crude made a sharp rise in the crude oil price per barrel, following which West Texas Intermediate WTI also rose by some %. This sudden raise in the crude oil price is said to
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POCO X5 pro hit the Indian markets today on 15 March 2023POCO X5 pro Indian Mobile Phone Market has now encountered a new member in the family, POCO X5 pro is the talk of the town with its 5G technology and astounding features. This new member has just hit the Indian markets today on 15
POCO X5 pro hit the Indian markets today on 15 March 2023POCO X5 pro Read More »
Adani Group Mentions Cash Reserves to Assuage Investors The remarks were included in a credit report meant to reassure investors following a negative study conducted by US short-seller Hindenburg Research last month. The troubled conglomerate owned by billionaire Gautam Adani claimed to have sufficient cash reserves and the ability to refinance the debt of its
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As the RBI announces the sixth consecutive increase in lending rates, loan EMIs may increase. The majority of economists anticipated that the boost on Wednesday would mark the end of the RBI’s current tightening cycle, which has seen rates raised by 250 basis points since May of last year. On Wednesday, the Reserve Bank of
“Bloated Response Ignores Key Allegations,” according to Hindenburg’s response to Adani. In its response to the Adani answer, Hindenburg stated that fraud cannot be disguised by nationalism or a bloated response that rejects every significant claim we made. Hours The US-based short-seller claimed the Adani Group’s 413-page response to Hindenburg Research’s charges of fraud “ignores
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As the sell off in Adani Group stocks continues, Ambuja Cements and ACC shares decline by as much as 10%. In early trading, shares of Ambuja Cements dropped 10% while ACC stock dropped over 9%. The Adani Group has acquired a controlling stake in the media company NDTV, and the company’s shares fell 5% intraday
Shares of Adani drop after wagers against conglomerate by Hindenburg Research Following the publication of a study by short seller Hindenburg Research targeting the conglomerate run by billionaire business leader Gautam Adani, shares in listed firms connected to India’s massive Adani Group dropped. In morning trading on Wednesday, shares in seven publicly traded Adani group
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Shares of Adani Enterprises decline 2% as company sets Rs 20,000 cr. FPO cost range Thursday saw a more than 2.5% decline in the share price of Adani Enterprises after the company released information on its Rs 20,000 crore FPO. The stock was the largest Nifty loser. Following the announcement of the floor price for
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