Category: Business
Paytm Q3 results: Net loss narrows to ₹3.9 billion, revenue rises 42%
Bloomberg | | Posted by Ritu Maria Johny Paytm, India’s leading digital payments brand, posted a narrower third-quarter loss after its drive to add customers…
Inside the 19-hour Adani embroglio that led to scrapping of $2.5 billion FPO
A beaming Gautam Adani stood beside Israeli Prime Minister Benjamin Netanyahu on Tuesday, looking relaxed as hundreds of people gathered for the ceremonial signing at…
‘Elon Musk didn’t deceive investors,’ says jury over 2018 Tesla tweets
A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled…
Elon Musk listens while vilified, hailed as tweet trial ends
As he sat stoically in court, Elon Musk on Friday was both vilified as a rich narcissist whose reckless behaviour risks “anarchy” and hailed as…
How Adani selloff stacks up against the biggest stock collapses
The magnitude of the plunge in stocks tied to billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history. Chief among…
Number theory: Understanding the Union Budget’s tax calculations
A higher tax buoyancy than 2022-23 is among the most crucial assumptions in the 2023-24 Budget. Tax buoyancy measures changes in taxes per unit change…
EU reaches agreement on Russian fuel price caps ahead of embargo
European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force…
Budget 2023: What are the changes in new tax regime? Expert explains
Union finance minister Nirmala Sitharaman said the new tax system will be the default, with the old system remaining an option. Presenting the last full…
Adani Group credit outlook cut to negative from stable by S&P global ratings
Bloomberg | | Posted by Singh Rahul Sunilkumar The outlooks on Adani Group’s credit scores were slashed to negative by S&P Global Ratings as investors…
Adani Ports, Adani Enterprises’ stocks rebound. How group’s other firms traded
Four Adani Group companies’ shares, including Adani Enterprises and Adani Ports, recovered on Friday after taking a significant beating over the previous six days, with…