Business

Business

Adani to sell 3% in Ambuja Cement for $500 mn as part of holdings adjustment in group

August 22, 2024 Vinayak Barot

New Delhi, Aug 22, Adani group promoters may sell up to 3 per cent of their shares in Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate at desired levels, sources said. Promoters will sell about 7 crore shares, or 2.84 per cent, in the […]

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Business

Roving Periscope: Before visiting Ukraine, PM Modi reiterates dialogue for peace

August 22, 2024 virendra pandit

Virendra Pandit New Delhi: Ahead of his Friday visit to war-torn Ukraine, Prime Minister Narendra Modi said in Poland that India has always advocated for permanent peace in the region and reiterated that New Delhi believes in dialogue and diplomacy as the best way to resolve any conflict. PM Modi arrived in Warsaw on Wednesday […]

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Business

Employment: E-vendors created 15.8 mn jobs in India, including 3.5 mn for women

August 21, 2024 virendra pandit

Virendra Pandit New Delhi: Online vendors working in the electronic commerce (e-com) segment of businesses have generated 15.8 million jobs in India, including 3.5 million for women, with about 1.76 million retail enterprises participating in e-commerce activity, according to a report released on Wednesday. The report “Assessing the Net Impact of e-Commerce on Employment and […]

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Business

Roving Periscope: A month after visiting Russia, PM Modi to seek peace in Ukraine

August 21, 2024 virendra pandit

Virendra Pandit New Delhi: Precisely because he has been breaking new grounds nationally and globally—that unites legions of his jealous and failed enemies within and without—Prime Minister Narendra Modi is attempting to do something many of his admirers-turned-secret foes couldn’t: bringing peace to war-torn Ukraine jackbooted by India’s old friend, Russia, since February 2022. With […]

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Business

Adani group EBITDA surges 33% in Q1, leverage at multi-year low

August 19, 2024 Vinayak Barot

New Delhi : Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in […]

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Business

FSC Mauritius says fund at heart of Hindenburg allegations against Sebi chief not domiciled in Mauritius

August 14, 2024 Vinayak Barot

New Delhi,‎ Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance […]

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Business

Roving Periscope: Yunus visits Dhakeshwari temples; court books Hasina for murder

August 13, 2024 virendra pandit

Virendra Pandit New Delhi: A week after she fled the country she led for over 15 years, former Prime Minister Sheikh Hasina Wajed has begun to face music from those who toppled her government: a murder case. Aping Pakistan’s kangaroo courts, a Bangladesh court has ordered a probe in a murder case allegedly involving Sheikh […]

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Business

Hindenburg, again: Adani shares fall, but SEBI holds the fort

August 12, 2024 virendra pandit

Virendra Pandit New Delhi: Hindenburg fancied it would be another “bombshell;” it turned out a damp squib, 18 months after the publication of its January 24, 2023, “research” tanked the Adani shares and investors lost massively in the short term but their stocks bounced back subsequently. Not this time, though. For, New Delhi, aware of […]

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Business

The Middle East: Sitting on a volcano, Israel braces for “large-scale” Iranian attack

August 12, 2024 virendra pandit

Virendra Pandit New Delhi: The cauldron called the Middle East, where the ongoing Gaza War has already claimed over 40,000 lives since the Hamas invasion of Israel on October 7, 2023, is likely to witness an Armageddon with Israel expecting a “large-scale” attack from Iran, anytime. According to the media reports on Monday, Israeli Defence […]

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Business

Roving Periscope: Islamists reject Yunus’ appeal in erstwhile “East Pakistan”

August 12, 2024 virendra pandit

Virendra Pandit New Delhi: Few are taking the interim government in Bangladesh seriously, as, even after its leader Nobel Peace Laureate Mohammad Yunus’s appeal for peace, the Islamists led by the pro-Pakistani outfit Jamaat-e-Islami may be pushing the troubled South Asian nation down the road to perdition. Dissatisfied with erasing the memorials of the country’s […]

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