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Business
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
Adani Enterprises FPO gets Fully Subscribed with India Inc Support
TNI Bureau: The Follow-On Public Offering (FPO) of Adani Enterprises, the parent company of the Adani Group, was fully subscribed on Wednesday, allowing billionaire Gautam Adani to finally relax.
The latest comes at a time when shares of…
Economic Survey forecasts India’s GDP growth to slow to 6.5% in FY 2024
Economic growth in India is expected to slow to 6.5 percent in the fiscal year that begins in April, but the country will remain the world's fastest growing major economy.
Adani Group vs Hindenburg Research Battle Heats Up
The Adani-Hindenburg dispute turned into a verbal brawl over the weekend, with Adani Enterprises labelling Hindenburg Research as the "Madoffs of Manhattan" in a 413-page response to the company's initial charges. The research firm's report…
Government hikes Interest Rates on Small Savings Schemes
The Government of India on Friday announced a hike in interest rates on small deposits including post office term deposits, NSC and senior citizen savings scheme.
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New Record: Sensex hits 63000 Mark; Nifty 18900
Benchmark BSE Sensex closed above 63,000 on Wednesday for the first time, extending its winning streak to seven days in the midst of a generally upbeat trend in the international markets
Prannoy Roy & Radhika Roy resign from NDTV Board
Current directors of NDTV have resigned from their positions of RRPR's boards in response to the Adani Group's open offer to purchase