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Business
Coal stock reaches 110.58 million tonnes, records 44% YoY growth
The overall coal stock position at mines, thermal power plants and transit as on June 13
BBC Admits Tax Evasion in India, Pledges to Pay Rs 40 Crores in Arrears
New Delhi, TNI Bureau: The BBC has admitted to evading taxes in India and has pledged to pay Rs 40 crores in tax arrears. However, according to tax sources, the BBC has only expressed its intention to pay and has not yet filed revised…
Adani Impact: LIC Shares Decline
Earlier on Friday, Shares of Life Insurance Corporation (LIC) saw a dip of over 1%, Investor sentiments were negatively affected due to concerns about the Adani Group's impact on LIC, which resulted in a decrease in LIC's stock price. This…
Adani Group accused of manipulating Wikipedia Entries
In the latest controversy surrounding the Adani Group, Wikipedia editors have accused employees of the Indian multinational conglomerate of manipulating its Wikipedia pages using deceptive methods. The allegations, which come nearly a month…
Adani Group Stocks continue to Decline
Billionaire Gautam Adani's, Adani Group, faced another day of market losses on Wednesday as all 10 of its stocks ended the day in the red. The group's market valuation fell by approximately Rs 51,294 crore, or roughly $7 billion USD.
The…
UPI-PayNow Deal to boost India-Singapore Payment Partnership
In a major effort to disrupt the cross-border money flow between the two countries, which totals more than $1 billion annually, India and Singapore have linked their digital payment systems, UPI and PayNow, to enable rapid and affordable…
Adani’s Loan from SBI reported at Rs 21,000 Crore
TNI Bureau: At a time when the shares of Gautam Adani's firms are facing crises as their shares continue to plunge following the Hindenburg Research's report, a report of Bloomberg revealed that the State Bank of India (SBI), has given…
Citigroup’s Wealth Unit stops accepting Adani Securities
TNI Bureau: In what can be considered as a jolt to Gautam Adani, American multinational investment bank Citigroup Inc.’s wealth arm has stopped accepting securities of his firms as collateral for margin loans as banks ramp up scrutiny of…
Interest of Investors is Paramount: Gautam Adani
TNI Bureau: For me, the interest of my investors is paramount and everything is secondary, said Indian billionaire Gautam Adani, whose fortunes took a rare hit following a scathing report by US short seller.
After his flagship firm Adani…
Adani Enterprises calls off FPO; to return Money to Investors
"Our balance sheet is in excellent shape, with strong cash flows and secure assets"- Gautam Adani