[
Business
]Adani’s UK units dropped Deloitte as auditor for small firms last year: Report
Published on Feb 06, 2023 05:09 PM IST
Crowe UK replaced the Big Four firm as the auditor of UK entities including Adani Energy Holdings Ltd. after the Indian firm bought them in 2021.
Bloomberg |
Adani founders to prepay loans worth $1.1 billion amid rout
The founders’ early payment will help release 11.77 million shares in Adani Transmission Ltd., the group said in a statement Monday.
Published on Feb 06, 2023 03:51 PM IST
Bloomberg | | Posted by Ritu Maria Johny
Sensex falls over 300 points to close at 60,507; Nifty ends at 17,765
Sensex falls over 300 points to close at 60,507; Nifty ends at 17,765
Published on Feb 06, 2023 03:34 PM IST
Turkish currency slips to fresh record low after quake rips country
More than 500 people were killed and thousands injured on Monday, after a major earthquake of magnitude 7.8 struck central Turkey and northwest Syria.
Published on Feb 06, 2023 03:23 PM IST
Reuters | | Posted by Ritu Maria Johny
Adani in talks to prepay loans on shares, denies trimming capex: Report
Shares of Adani Group companies have lost more than half their market value, topping a cumulative $100 billion.
Updated on Feb 06, 2023 02:57 PM IST
Reuters | | Posted by Ritu Maria Johny
Hindenburg row : NYU professor values Adani Enterprises stock at ?945 per share
Adani Enterprises Ltd. yielded a value of 945 rupees per share even before “factoring any of the Hindenburg accusations of fraud and malfeasance,” Aswath Damodaran wrote in a blog post.
Published on Feb 06, 2023 02:48 PM IST
Bloomberg | | Posted by Ritu Maria Johny
Why Hindenburg Research decided to short only Adani stocks listed outside India
A trader who sold $1 million Adani Enterprises shares at the open on Feb. 1 and bought them back at the end of the day after the record plunge would have made about $280,000, excluding fees and transaction costs, according to Bloomberg.
Published on Feb 06, 2023 02:13 PM IST
Bloomberg | | Posted by Ritu Maria Johny
It is time for Apple to evolve iPhone pricing, but what path will it choose?
There are three clear options. Just a price correction, keeping up with input costs. Or couple that with a serious specs and features upgrade. At the same time, a foldable iPhone surely isn’t out of consideration
Published on Feb 06, 2023 12:57 PM IST
Dell to slash over 6,600 jobs, 5% of its workforce, in latest tech layoffs
The company is experiencing market conditions that “continue to erode with an uncertain future,” Co-Chief Operating Officer Jeff Clarke wrote in a memo viewed by Bloomberg.
Updated on Feb 06, 2023 12:47 PM IST
Bloomberg | | Posted by Ritu Maria Johny
Elon Musk's 'extremely tough' three months and 'bankruptcy' tweet
"(The) last 3 months were extremely tough, as I had to save Twitter from bankruptcy while fulfilling essential Tesla & SpaceX duties. Wouldn't wish that pain on anyone," Musk said.
Updated on Feb 06, 2023 01:36 PM IST
Nisha Anand | Edited by Chandrashekar Srinivasan
Rupee falls 42 paise to 82.50 against US dollar in early trade
Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said.
Published on Feb 06, 2023 10:40 AM IST
PTI | | Posted by Ritu Maria Johny
Garmin Venu Sq 2 is a smartwatch with more substance than its price tag suggests
The software on the watch and the companion app takes some getting used to, but beyond that, there are enough layers to unwrap, for fitness and wellness monitoring
Published on Feb 06, 2023 10:11 AM IST
Opening bell: Sensex down 200 points, Nifty below 17,800 level
Infosys was the top loser in the Sensex pack, shedding 1.31 per cent, followed by HUL, Sun Pharma, Nestle India, HCL Tech, Kotak Bank and TCS.
Updated on Feb 06, 2023 10:16 AM IST
PTI | | Posted by Ritu Maria Johny
Shares set for muted start on RBI repo rate fears, Adani stocks uncertainty
Wall Street equities fell on Friday after nonfarm payrolls rose by 517,000 jobs in January, way above a Reuters estimate of 185,000.
Published on Feb 06, 2023 08:40 AM IST
Reuters | | Reported by Ritu Maria Johny
Adani Group plans to trim its capital spending plans amid Hindenburg row: Report
While providing more collateral in the form of stock pledges to lenders, the Adani Group may moderate its capex plans in some of its businesses, Mint reported.
Updated on Feb 06, 2023 11:33 AM IST
HT News Desk | Edited by Aniruddha Dhar, New Delhi
Explained: Why use of scrap in steel production is vital to mitigate pollution
India has developed into the second-largest producer of steel in the world, with a manufacturing capacity of about 120 million tonnes. Over the following ten years, the steel sector is anticipated to double in size.
Published on Feb 05, 2023 09:46 PM IST
India's focus should not be on trade deficit, but… :NITI Aayog's VC on China
India's focus should be on reducing dependence on China for certain critical inputs: NITI Aayog's Suman Bery
Published on Feb 05, 2023 04:06 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
Adani issue a company specific matter, says finance minister: Report
Adani row: The minister said banks and insurance companies are "not overexposed" to any one company and assured that Indian markets are very well managed by its regulators.
Published on Feb 05, 2023 03:58 PM IST
PTI | | Posted by Shobhit Gupta
New PF withdrawal rule: Check this in FY24 while filing Income Tax Return
According to the Income Tax rule, if money is withdrawn from the EPF account before the completion of five years of the account opening, the whole withdrawal amount would remain taxable.
Published on Feb 05, 2023 01:52 PM IST
World Gold Council says India ‘Strong pillar of support’ for gold market
India was the largest consumer of gold before being overtaken by China in 2009. In 2021 India bought 611t of gold jewellery, second only to China (673t) but comfortably ahead of all other gold-consuming markets, a recent World Gold Council report revealed.
Published on Feb 05, 2023 01:51 PM IST
ANI |
Centre likely to hike dearness allowance for govt employees by 4 per cent
DA hike: Presently over one crore central government employees and pensioners are getting 38 per cent dearness allowance.
Published on Feb 05, 2023 12:03 PM IST
PTI |
Finance Secretary defends higher investment limit in saving schemes, says…
Finance Secretary TV Somanathan said the ceilings under the Senior Citizen Savings Scheme have been unchanged for quite some time, and the decision to raise the ceiling is primarily a measure for the welfare of the middle class and senior citizens.
Published on Feb 05, 2023 10:44 AM IST
PTI | | Posted by Aryan Prakash
Nine of 10 top firms add ?1.88 lakh cr in market valuation; ITC biggest gainer
Nine of top-10 firms add ?1.88 lakh cr in m-cap; ITC biggest gainer
Published on Feb 05, 2023 10:37 AM IST
PTI |
On Adani row, SEBI says it's committed to ensuring market integrity
"During past week, unusual price movement observed in stocks of a business conglomerate", SEBI said, adding it is committed to ensuring that stock market functions in an uninterrupted, transparent, efficient manner as has been case so far.
Published on Feb 04, 2023 06:18 PM IST
HT News Desk | Edited by Aryan Prakash
Axis Bank exposure to Adani Group 'comfortable', only 0.94% of its net advances
Adani-Hindenburg row updates: "Our exposure to Adani Group is primarily t o the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc," Axis bank said.
Published on Feb 04, 2023 06:18 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar
How Adani's $58 billion wipeout in 6 days fares vs Bankman-Fried's wealth loss
Surpassing Bill Gates and Warren Buffet, Adani had become the world’s third richest person by the end of 2022 with a $121 billion worth empire.
Published on Feb 04, 2023 04:26 PM IST
Measles over Mars: Bill Gates takes a jab at Elon Musk's space ambitions
Bill Gates said that he'd rather pay for life-saving vaccines than spend money on Elon Musk's dream of colonising Mars.
Published on Feb 04, 2023 03:01 PM IST
FPOs come and get out: Sitharaman on Adani row; ‘Perception about India intact’
On Adani row, Nirmala Sitharaman said the FPO pullout will have no impact on the perception about India. "Regulators are independent of the government and they are left to themselves to do what is appropriate so the market is well regulated," the FM said.
Published on Feb 04, 2023 02:48 PM IST
Mumbai should be liking the proposals: FM Sitharaman on Budget 2023
The budget proposals establish both fiscal consolidation and growth, especially inclusive growth, Sitharaman said during her maiden interaction with stakeholders outside the national capital since presenting the budget on February 1.
Published on Feb 04, 2023 01:11 PM IST
PTI | | Posted by Ritu Maria Johny
Paytm Q3 results: Net loss narrows to ?3.9 billion, revenue rises 42%
Paytm is growing its product offering to attract more customers, seeking to convince investors of its earnings potential.
Updated on Feb 04, 2023 02:50 PM IST
Bloomberg | | Posted by Ritu Maria Johny
