Category: Business
‘Important for me to confess…’: Adani to investors on FPO withdrawal
Indian billionaire Gautam Adani, whose fortunes took a rare hit following a scathing report by US short seller, on Thursday said his flagship firm Adani…
US Fed hikes rates: Oil prices rise, dollar slumps
Reuters | | Reported by Ritu Maria Johny Oil prices rose in early Asian trade on Thursday after the U.S. Federal Reserve raised interest rates…
No bad news is good news; pvt capex will take one more year to revive: Bankers
Bankers welcomed Finance Minister Nirmala Sitharaman’s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On…
Will the Budget nudge growth, spur consumption?
Nudge growth? The one line answer to this question is: protecting macroeconomic stability and focusing on quality of spending. The other way to put this…
Explainer: Adani vs Hindenburg- All you need to know about the story so far
India’s Adani Group called off its $2.5 billion share sale late on Wednesday, in a dramatic reversal triggered by the ongoing meltdown of its company…
Gautam Adani, one of India’s most powerful men, suffers a rare defeat
India’s Gautam Adani, the school dropout who rose to become one of the world’s richest men, suffered a stunning defeat on Wednesday when his flagship…
Adani Enterprises calls off FPO, to return money to investors
Adani Enterprises has decided not to proceed with its fully subscribed Follow-on Public Offer (FPO), the conglomerate said in a statement late on Wednesday, hours…
First budget of Amrit Kaal will build a strong foundation : PM Modi
The first Union Budget of Amrit Kaal, or the 25 years in the run-up to 2047 when Independent India turns 100, will build a strong…
Compliance burden down, PAN made common ID for ease of doing business
New Delhi Building on the government’s ongoing efforts to reduce compliance burden for corporations, Union finance minister Nirmala Sitharaman on Wednesday announced a series of…
Tax-Capex double engine in Union Budget 2023-24
Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned…