Adani Group shares rise as Hindenburg founder disbands short-seller
Adani Enterprises Limited. File | Photo Credit: Reuters Adani Group company shares rose sharply on Thursday (January 16, 2025) morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday (January 15, 2025) Mr. Anderson said that it has completed the
The way forward for PM-KISAN
Originally intended for small and marginal farmers, the PM-KISAN was later extended to all farmers who owned lan | Photo Credit: RAO GN The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), which provides yearly income support of ₹6,000 to eligible farmer families in three instalments, has been through highs and lows
Dollar strength reminds Wall Street ‘U.S. exceptionalism’ isn’t isolationism
Jamie McGeever While “U.S. exceptionalism” has undoubtedly helped drive Wall Street’s record-busting returns in recent years, it should not be confused with isolationism. The fourth-quarter U.S. earnings season that gets underway in earnest this week is a reminder that American firms–magnificent as some may be–still operate in a global marketplace.
Swiss Defense Minister Resigns Amid Criticism Over Military
(Bloomberg) — Swiss defense minister Viola Amherd announced her resignation, in an unexpected move that comes amid criticism of procurement projects for the nation’s military. Amherd, 62, had been a member of Switzerland’s executive since 2019, spending all of that time leading the defense department. She will step down on
Aditya Birla Fashion to raise $500 million equity via preferential issue, QIP
The board of Aditya Birla Fashion and Retail Ltd on Wednesday approved raising of $500 million through a combination of preferential issuance and Qualified Institutional Placement (QIP) of equity shares. The preferential issuance of $275 million will be led by the promoter group investing $150 million and Fidelity Investments
HDFC Life Q3 net rises 14% to ₹415 cr., total income declines 37%
HDFC Life reported a nearly 14% increase in December quarter net profit to ₹414.94 crore compared to ₹365.06 crore in the year earlier. Total income of the private life insurance company declined almost 37% at ₹16,914.07 crore (₹26,695.93 crore) on the back of a slump in income from investments to
Exports dipped 1% in December, trade gap eased from November’s record high
Overall goods exports are now estimated to be 1.6% higher through the April to December 2024 period at $321.7 billion, while imports have risen 5.15% to $532.5 billion. Image for representation. | Photo Credit: The Hindu India’s goods exports contracted 1% year-on-year in December to a fraction over $38 billion,
Former Bernie Sanders campaign manager Faiz Shakir enters DNC Chair race
Faiz Shakir, who led Bernie Sanders’ 2020 presidential campaign, is jumping into the race for chair of the Democratic National Committee — injecting a new candidate into the low-key contest. Shakir confirmed his candidacy in a text message to POLITICO. The New York Times first reported Shakir’s decision. Shakir’s late
After steep import bill rejig, more robust trade data likely
A week after the Centre effected a dramatic $14.2 billion correction in India’s import bill for April to November 2024, top government officials asserted on Wednesday that revisions to trade data are made in line with international standards, and a standard operating procedure (SoP) has now been put in place
Trump says he will create new agency to collect revenue from foreign sources
U.S. President-elect Donald Trump. | Photo Credit: REUTERS U.S. President-elect Donald Trump said on Tuesday (January 14, 2024) he will create a new government agency called the External Revenue Service “to collect tariffs, duties, and all revenue” from foreign sources as he readies new import tariffs ahead of his inauguration