Adani Group stocks rally up to 9% after Hindenburg Research announces shut down
Adani Group stocks rallied after the US investment firm Hindenburg Research announced its closure. Hindenburg shuts down: Adani Group shares experienced significant gains of up to 9% on Thursday, January 16, with Adani Power leading the surge at Rs 599.90 on BSE. Adani Green Energy saw an 8.8% increase to
Meet Japan’s Original Decluttering Guru (No, Not That One)
Before Marie Kondo captured the world’s attention with her exhortations to rid ourselves of items that did not “spark joy,” there was another Japanese guru of decluttering. Her name is Hideko Yamashita. And while Ms. Yamashita, 70, has never reached Ms. Kondo’s level of Netflix-induced fame, she is widely credited
Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes
After decades of mounting damage from climate-fueled natural disasters, researchers have compiled many misery-filled data sets that trace the economic fallout over weeks, months and years. The fires still burning in Los Angeles are sure to rank among America’s most expensive — but there is no perfect analogue for them,
Jeffrey Epstein’s Associates Could Reap Benefit of a Big Tax Refund
Jeffrey Epstein’s once vast estate — art, jewelry, lavish properties and investments — was meant to be drained by settlements to his many sexual abuse victims and payments to resolve other legal claims. But now it appears that two of his most loyal business associates, who are serving as executors
FMCG companies woo rural market as urban slows
MUMBAI: All roads lead to hinterlands for FMCG companies as consumption in rural India has been growing faster than in urban in recent quarters, helped in parts by bountiful monsoons which boosted household incomes. Fast-moving consumer goods companies are widening their rural distribution network, launching affordable pack sizes and pushing
Jio Finance in talks for maiden debt sale
Jio Finance, a shadow lender owned by Asia’s richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.The company is expected to tap the market – either through a loan or bond
CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on Wednesday. It was the fastest one-month increase
Re up 27p, logs best single-day gain in 7 months
MUMBAI: The rupee rebounded on Wed, recovering from its all-time low in the previous session to log its best single-day gain in over seven months. It closed at Rs 86.36 against the US dollar, gaining 27 paise from Rs 86.63. This marked its strongest percentage rise since Jun 3, 2024.The
Ramaswamy Has a High-Profile Perch and a Raft of Potential Conflicts
Vivek Ramaswamy is the less famous and less wealthy half of the duo of billionaires that President-elect Donald J. Trump has designated to slash government costs. His better-known co-leader, Elon Musk, stands to benefit from the job in ways that are numerous and glaring. Mr. Musk’s companies have tremendous influence,
Small town gaming spends rise 16x in 5 years
MUMBAI: Spending on online gaming in smaller towns has surged 16 times between 2019 and 2024, according to a white paper on payments by Visa.The trend points to rising influence of digital consumption across India’s non-metropolitan areas. Consumers in smaller towns are increasingly spending on digital services, including gaming, online