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Home  Business

Business

Hindenburg Research says it stands by report on Adani Group, says any legal action would be ‘meritless’

Hindenburg Research says it stands by report on Adani Group, says any legal action would be ‘meritless’

  • Gold prices on the rise this wedding season in Hyderabad

    For the past 10 days, the price of gold has been making its way up and on Wednesday, the value of gold notched a six-month high in the Hyderabad market
  • RBI to auction green bonds worth Rs 8,000 cr on Wednesday

    The Central government's new SGrB 2028 and SGrB 2033 are going to be auctioned.
  • ‘Report’s publication betrays brazen, mala fide intention to undermine Adani Group’s reputation’

    In a statement, Jugeshinder Singh, Group CFO, Adani, said the report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts.
  • Hindenburg alleges “brazen” fraud by Adani; company calls it malicious, baseless

    Adani Group said it was shocked to see the report that came out without any attempt to contact it to get the factual matrix.
  • Sensex, Nifty decline in early trade on selling in IT, financial shares

    The 30-share BSE Sensex fell by 268 points or 0.44 per cent to 60,709.93 as 24 of its constituents declined. The index opened lower at 60,834.73 and dropped further to a low of 60,693.39 in early trade.
  • Rs 21.2 cr sent to Dubai via cryptocurrency in UP’s Prayagraj

    The police have also come across 35 bank accounts of the accused Krishna Avtar, who has been arrested and sent to jail.
  • How to be prudent with money

    Money management, in a nutshell, is about savings, using it to protect oneself against life's vagaries, and growing money
  • Vijay Deverakonda becomes co-owner of Hyderabad Black Hawks team in RuPay Prime Volleyball League

    Deverakonda, well known for his roles in Pelli Choopulu and Arjun Reddy, will also be the brand ambassador for the Black Hawks, with appearances and promotions aimed to take the team beyond the league matches and bring it before a global audience.
  • Spotify to lay off employees amid deepening slowdown

    The number of workers to be fired wasn't specified at the moment, reports Bloomberg, citing sources.
  • Rupee gains 19 paise to breach 80 level against US dollar

    A fall in crude oil prices and early gains in equity markets also supported the local currency, according to forex dealers.
  • Rising interest rates make fixed deposits attractive again

    Fixed deposits are easy to open and close as well. Liquidity is not an issue and they can be withdrawn any time before the maturity
  • About 3,000 tech employees now being fired a day on average in Jan

    The sacking episodes have gained speed amid global economic meltdown and recession fears.
  • Digital healthcare provider MediBuddy lays off 8% of its workforce

    MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 per cent of its workforce, around 200 people, across all departments as a restructuring exercise.
  • Wipro lays off over 400 freshers for poor performance

    The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.
  • Microchip Technology acquires 1.68 lakh sft of office space in Kokapet

    Semiconductor major Microchip Technology has acquired 1,68,000 sft of office space in One Golden Mile at Kokapet
  • Sensex declines 107.59 points to 60,750.84 in early trade

    The 30-share BSE Sensex declined 107.59 points to 60,750.84 in early trade despite a positive beginning. The broader NSE Nifty went lower by 29 points to 18,078.85.
  • Rupee gains 21 paise to 81.15 against US dollar

    Forex traders said the rupee opened stronger tracking gains in the non-deliverable forward (NDF) markets.
  • Tata Boeing Aerospace delivers first fuselage to Indian army

    The aerospace company has delivered the first fuselage for six AH-64 Apache attack helicopters ordered by the Indian Army from its Hyderabad facility.
  • WebPT announces Rs.150 crore Global Capabilities Centre in Hyderabad

    The announcement to set up the GCC was made during IT Minister KT Rama Rao’s meeting with WebPT CEO, COO at the World Economic Forum, Davos.
  • Satya Nadella says golden age of Artificial Intelligence is here, good for humanity

    In a session at the ongoing five-day annual meeting of the World Economic Forum, Nadella said that technology will provide more and more ways to bring people together.
  • Amazon begins new round of job cuts, lays off over 18,000 people

    At the time, there were reports that around 10,000 people would be affected, including members of its hardware and services, human resources, and retail teams.
  • Dr Reddy’s cuts price of heart drug, MSN launches breast cancer tablets

    Dr Reddy's Laboratories reduced the price of its cardiovascular drug Cidmus, MSN Group, launched the world’s first generic Palbociclib tablets for advanced breast cancer therapy
  • Microsoft to lay off nearly 11K employees this week: Report

    Sky News reported that Satya Nadella-run company is "finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown".
  • Bank of India net profit rises 20 percent for December quarter sequentially

    Public sector lender Bank of India posted a 20% increase in its net profit at Rs 1,151 crore in the quarter ended December
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