- Business
- November 28, 2024
Ananda Krishnan Malaysian Billionaire Dies At 86
Malaysian billionaire Ananda Krishnan, whose business interests ranged from oil and gas to telecommunications, has died at the age of 86, his private investment company said. No cause of death was given. The tycoon shunned publicity but became internationally known in the mid-1980s when he helped finance the Live Aid concert organized by rock star Bob Geldof. As a young entrepreneur, he first…
- Business
- November 27, 2024
Adani-US Court Bribery Allegations: ‘I Do Not Find A Single Name…’ – Ex-AG Mukul Rohatgi
Ex-AG Rohatgi on Adani: Former Attorney General of India, Mukul Rohatgi, has weighed in on the US Department of Justice (DoJ) indictment that has sparked allegations against the Adani Group. Sharing his personal legal views, Rohatgi clarified that key charges in the indictment do not name Gautam Adani or his nephew while expressing concerns about the lack of specificity in the allegations. …
- Business
- November 26, 2024
Adani Group’s EBITDA Growth Stands At 25.5% For H1 FY25
Adani Group: After adjusting for non-recurring prior period incomes, the Adani Group’s EBITDA growth for H1 FY25 stands at a substantial 25.5 per cent. According to Adani, the trailing-twelve-month (TTM) EBITDA reached Rs 83,440 crore, marking a strong 17.1 per cent year-on-year increase. When adjusted for previous period incomes, the TTM EBITDA growth accelerates to a remarkable 34.3 per cent, highlighting the Group’s robust…
- Business
- November 26, 2024
Adani Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani’s conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt. The ports-to-energy conglomerate, which has been hit by an indictment in a US court against founder chairman Adani and two other executives for allegedly bribing Indian officials to secure…
- Business
- November 26, 2024
RBI Governor Hospitalised In Chennai, To Be Discharged Soon
Reserve Bank of India Governor Shaktikanta Das has been admitted to a corporate hospital here after he experienced ‘acidity’, a source said on Tuesday. He was being monitored, the source said without divulging details. A Reserve Bank of India spokesperson said, “Reserve Bank of India Governor Shri Shaktikanta Das experienced acidity and was admitted to Apollo Hospital, Chennai for observation.” “He is now…
- Business
- November 25, 2024
Telangana’s U-Turn: First Accepts Rs 100 Cr Adani Donation, Now Says Don’t Need
Over a month after they welcomed the Rs 100 crore donation from Adani Group, The Telangana government, on Monday announced that it will not be seeking transfer of funds in light of the ‘present circumstances’. In a statement, Jayesh Ranjan, special chief secretary to the Government of Telangana said that the Chief Minister of Telangana has instructed ‘not to seek transfer of funds…
- Business
- November 25, 2024
Sensex, Nifty Zoom As BJP-Led Mahayuti Alliance Sweeps Maharashtra
Benchmark equity indices Sensex and Nifty surged in early trade on Monday, helped by across-the-board rally and the BJP pulling off a stunning performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory. Extending its previous day’s sharp rally, the BSE benchmark Sensex jumped 1,289.89 points to 80,407 in early trade. The NSE…
- Business
- November 25, 2024
Sensex 1,217 points higher, Nifty up 401 point to 24,308 on BJP’s Maha Win
Indian stock markets rose sharply on Monday, continuing the momentum from their best session since early June, driven by positive sentiment following the National Democratic Alliance’s ( NDA ) landslide victory in the Maharashtra state elections.The NSE Nifty 50 surged by 401.65 points to 24,308 and the BSE Sensex is up by 1,217.78 points to 80,334.89. Maharashtra Victory Boosts Market Sentiment The recent win…
- Business
- November 24, 2024
Patanjali Ayurved’s revenue rose 23% to Rs 9,335.3 crore in FY24
Baba Ramdev-led Patanjali Ayurved’s total income has risen by 23.15 per cent to Rs 9,335.32 crore in 2023-24, helped by other income which includes OFS of Patanjali Foods (earlier known as Ruchi Soya) and income from other group entities, according to RoC filing by the company. In FY24 Patanjali Ayurved’s other income was at Rs 2,875.29 crore against Rs 46.18 crore in the…
- Business
- November 22, 2024
Sebi exempts Roshni Nadar from making open offer in two HCL entities
Sebi on Friday exempted promoter Roshni Nadar Malhotra from making open offers in relation to proposed additional share acquisitions in HCL Technologies and HCL Infosystems. HCL Technologies and HCL Infosystems are listed on BSE and NSE. The orders came after Roshni Nadar Malhotra filed two separate applications with the regulator on September 30 and sought exemption from provisions of Sebi’s SAST (Substantial Acquisition…
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