Business

Business

Adani Bond Rebound Helps Erase Short Seller Hit: Credit Weekly

December 11, 2023 Vinayak Barot

A rally over the last week was powerful enough to erase some losses on a series of dollar bonds tied to the conglomerate of billionaire Gautam Adani, debt that had dropped after a short seller accused firms owned by Adani of fraud. The jump came after the group, which strenuously denies the allegations, raised $1.4 […]

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Technology: 51% of Indians believe AI will help improve productivity at work

December 11, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Nearly a year after Artificial Intelligence (AI) ‘exploded’ worldwide as a disruptive technology innovation, at least 51 percent of Indians believe that it would help improve productivity at work, according to a new survey conducted by PricewaterhouseCoopers, the multinational professional services brand of firms, operating as partnerships under the PwC […]

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Modi: With a 76% rating, the Indian PM is the most popular world leader, says a survey

December 9, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Prime Minister Narendra Modi has once again topped the global leaders’ popularity chart, getting the highest rating of 76 percent, according to a survey. PM Modi was followed by Mexican President Andrés Manuel López Obrador (66 percent), Switzerland President Alain Berset (58 percent), and Brazilian President Luiz Inácio Lula da […]

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Economy: GDP growth reflects transformative reforms in the last 10 years, says PM Modi

December 9, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Prime Minister Narendra Modi on Saturday said India’s GDP growth of 7.7 percent in the first six months of the current financial year (2023-24) reflects the country’s strengthening economy and the transformative reforms carried out in the last 10 years of the NDA government. Addressing the Infinity Forum 2.0 conference […]

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Adani Energy Solutions Limited Announces Leadership Changes to Support Enhanced Growth of Adani Infrastructure Business

December 8, 2023 Vinayak Barot

Ahmedabad, 8 December, 2023: Adani portfolio of companies, a global integrated infrastructure conglomerate, today announced that Bimal Dayal, Chief Executive Officer (CEO), Transmission business, and key managerial personnel of Adani Energy Solutions Limited, has been appointed as the Chief Executive Officer of Adani Infrastructure India Limited. He will oversee the implementation of the enormous pipeline […]

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Onions: Ahead of LS polls, India bans the bulb’s export until March 2024

December 8, 2023 Vinayak Barot

Virendra Pandit   New Delhi: The humble onion, whose higher prices have affected election results in the past, is back in the headlines. Some months ago, the onion prices had sky-rocketed multiple times and the government had to arrange for their marketing through its channels in different places to cool down the prices. Now, ahead […]

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Growth: Nirmala junks Chidambaram’s claims of jobless growth as “whimsical calculations”

December 8, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Tearing into the Opposition’s claims of India witnessing a ‘jobless growth,’ Finance Minister Nirmala Sitharaman on Friday dubbed these claims as a result of “whimsical calculations” and said careful implementation of various welfare schemes by the Modi government has ensured that benefits reach the people. Slamming Congress for its claims […]

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By 2025, we will set a national benchmark being the only carbon-neutral port operations and be Net Zero for APSEZ by 2040: Gautam Adani

December 8, 2023 Vinayak Barot

Thrilled to share Adani’s continued groundbreaking climate initiatives! By 2025, we will set a national benchmark being the only carbon-neutral port operations and be Net Zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all diesel-based Internal Transfer Vehicles to battery-based ITVs, and installing an additional 1000 MW of captive renewable […]

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Economy: RBI hikes FY24 GDP estimate from 6.5% to 7%

December 8, 2023 Vinayak Barot

Virendra Pandit   New Delhi: After several leading global rating agencies’ positive outlook in recent weeks, the Reserve Bank of India (RBI) also raised the South Asian country’s GDP estimates from 6.5 percent earlier to 7 percent in the financial year 2023-24 on buoyant domestic demand and higher capacity utilization in the manufacturing sector. After […]

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Roving Periscope: Nepal asks Russia to stop hiring Gurkhas to fight in Ukraine

December 7, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Russia has lost a huge number of soldiers in its ongoing 22-month-long war against Ukraine since February 2022, and, despite calling in reservists, ex-servicemen, and volunteers to join the Army, is facing a shortage of manpower. Many of its reluctant soldiers are fighting the ‘unnecessary’ war, and some have even […]

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