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JANUARY 31, 2023 FILE- Dried branches of a tree stand outside Adani Corporate House in Ahmedabad, India, Friday, Jan. 27, 2023. The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, was fully subscribed on Tuesday. The share sale and its success were seen as a crucial test of investor confidence in Adani, whose sprawling empire...
JANUARY 30, 2023 New Delhi, INDIA - The colorful Uttarakhand tableau which showcased the state's wildlife and religious sites at the 74th Republic Day parade has won the top prize, while the Army's Punjab Regiment has been adjudged the best marching contingent among the three services, the government said on Monday. In a statement, the Ministry of Defence said the official...
JANUARY 30, 2023 New Delhi, INDIA - US short seller Hindenburg Research has dismissed charge that its report on Adani Group's malfeasance was a "calculated attack" on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored key allegations. Adani group's listed companies have lost over USD 70 billion since the January 24 report of...
JANUARY 30, 2023 New Delhi, INDIA - They can't be anonymous anymore. But, even in a cricket-obsessed India, very few would have heard of them before their campaign in the U-19 World Cup culminated in the country's maiden ICC triumph in women's cricket. Who are they? The PTI lets you in on their background. Shafali Verma, captain, opening batter ----------------------------------------- The Indian U-19...
JANUARY 27, 2023 Asia's richest man is rocked by a U.S. short-seller's allegations of fraud and money laundering. Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia. Adani, 60, saw his fortune jump by more than $40 billion last year, according to the Bloomberg Billionaires Index....
JANUARY 27, 2023 On Friday, Tata-owned Air India is likely to seal half of an order of around 495 jets with engine and Boeing suppliers General Electric and CFM International, said industry sources, as the owners aim to revive the airlines and strongly compete with the rivals. After months of negotiations, Air India will be placing an order of 20 Boeing...
JANUARY 27, 2023 While many blue-chip companies reported lower profits last year, Big Oil was having a moment. Crude prices surged, thanks in part to high demand and reduced supply. All of that helped make Chevron the top-performing Dow stock of last year, with shares surging more than 50%. To be clear: It’s not that Chevron, or any of its peers,...
JANUARY 27, 2023 Goldman Sachs is predicting dark days in 2023 for some of the pandemic’s red-hot U.S. housing markets. The investment bank shied away from predicting a nationwide crash, but warned that residents in four cities in particular could see plummeting values that echo the 2008 housing collapse, according to a note to clients obtained by the New York Post. The...
JANUARY 26, 2023 Hindenburg Research said that it stands by its report on Adani Group. Image: Bloomberg After Adani Group threatened legal action against US investor Hindenburg Research over the report that alleged “brazen” market manipulation and accounting fraud, Hindenburg said that it stands by its report. “Regarding the company’s threats of legal action, to be clear, we would welcome it....
JANUARY 26, 2023 The J. Edgar Hoover Federal Bureau of Investigation Building is seen in Washington, D.C. WASHINGTON, D.C. - The Federal Bureau of Investigation hacked a prolific ransomware gang called Hive to disrupt its operations and rescue its victims, senior U.S. officials said on Thursday. In a joint announcement by U.S. Attorney General Merrick Garland, FBI Director Christopher Wray, and Deputy...