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New Delhi: US short seller Viceroy Research on Wednesday released a report charging billionaire Anil Agarwal's mining conglomerate to be 'financially unsustainable' and posing a severe risk to creditors, allegations which the group called 'selective misinformation and baseless' aimed at discrediting the group. Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd, as it released the 85-page report. Shorting debt, al ...Read More >
New Delhi, July 9 (IANS) Linda Yaccarino on Wednesday announced she is stepping down as the CEO of Elon Musk-owned social media platform X, two years after joining the firm. In a statement on her X handle, Yaccarino said she is "immensely grateful to Musk". "After two incredible years, I've decided to step down as CEO of ," she said on the social media platform. "X is truly a digital town square for all voices and the world's most powerful culture signal," she added. Yaccarino was hired by M ...Read More >
Wednesday, 9 July 2025 () Congress leader and National Students' Union of India (NSUI) national incharge Kanhaiya Kumar, along with Pappu Yadav, who is an independent MP from Purnia Lok Sabha constituency, on Wednesday were snubbed by security from boarding a van during the Mahagathbandhan protest against electoral roll revision in poll-bound Bihar. ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year bonds. The issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers said. It will no ...Read More >
New Delhi, Jul 9 (PTI) Shares of Vedanta Ltd ended over 3 per cent lower on Wednesday after US short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors. The stock tanked 7.71 per cent to Rs 421 in intra-day trade on the BSE. Later, it recovered most of the lost ground and ended at Rs 440.80, down 3.38 per cent. On the NSE, the stock ended 3.28 per cent down at Rs 441.30 after ...Read More >
New Delhi: US short seller Viceroy Research on Wednesday released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors, allegations which the group called "selective misinformation and baseless" aimed at discrediting the group.Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd, as it released the 85-page report.Shorting debt, also k ...Read More >
Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. From the Sensex firms, HCL Tech, Tata S ...Read More >
Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. From the Sensex firms, HCL Tech, Tata S ...Read More >
NEW DELHI: US-based investigative financial research Viceroy Research has alleged that the entire group structure of Vedanta is "financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors". In its report, Viceroy said that Vedanta Resources "resembles a Ponzi scheme". Viceroy said on Wednesday it is shorting the debt stack of Vedanta Resources (VRL), the parent company and majority owner of Vedanta Ltd (VEDL). It described Vedanta Resources as ...Read More >
New Delhi, Jul 9 (PTI) Shares of Vedanta Ltd tumbled nearly 8 per cent on Wednesday after US short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors. But later, the stock recovered some of the losses to trade 3.31 per cent down at Rs 441.10 on the BSE. Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Veda ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin. That brings the company's total haul to 597,325 BTC. At today's market price, those holdings are worth over $64 billion, compared with the roughly $42.4 billion MicroStrategy (now Strategy) has put in, fees included. According to the June 30 filing w ...Read More >
July 1 (Reuters) - India's antitrust body on Tuesday ordered an investigation into Asian Paints (ASPN.NS), opens new tab after Aditya Birla Group's paints venture alleged that the country's top paint maker abused its dominant market position, according to an order. The Competition Commission of India's (CCI) initial review showed Asian Paints had breached competition laws, the order showed. Birla has alleged that Asian Paints was abusing its dominant market position by offering discounts and i ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Adani Group Chairman Gautam Adani made a rare display of his spiritual side when he, along with his family, participated in the Jagannath Ratha Yatra in Puri recently and also the Maha Kumbh in Prayagraj, earlier this year. In a heartwarming gesture, the billionaire businessman also made it a point to participate in the kitchen seva by joining the ISKCON volunteers in preparing and offering prasad to lakhs of devotees and frontline workers. This humble act of ...Read More >
MUMBAI, July 1 (Reuters) - Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises (ADEL.NS), opens new tab will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9 ...Read More >
Ahmedabad, June 30 (SocialNews.XYZ) Adani Green Energy Limited (AGEL) on Monday said it has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. The accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity, said India's largest renewable energy company. "Delighted to share t ...Read More >
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid ₹10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youn ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive direct ...Read More >
Puri: Gautam Adani, the Chairman of the Adani Group, on Saturday said he feels blessed to have had the privilege of witnessing the divine Rath Yatra of Lord Jagannath. Gautam Adani, along with his wife Priti Adani and son Karan Adani, participated in the annual Rath Yatra in Puri. The Lord Jagannath Rath Yatra is one of India's most revered religious festivals. In a post on X social media platform, the billionaire industrialist said that "seeing the Lord Himself among devotees is an experience ...Read More >
Puri: Adani Group Chairman Gautam Adani on Saturday expressed deep spiritual sentiments on witnessing the divine Rath Yatra of Lord Jagannath. Gautam Adani also praised the efforts of the Odisha government, administration, and the people for the grand and well-managed Rath Yatra. "It is my great fortune that I got the opportunity to come here. Over the past few years, I have deeply felt the divine presence of Mahaprabhu Jagannath in my life. I met with Lord Jagannath when I had nothing in hand ...Read More >
Puri, June 28 (SocialNews.XYZ) Gautam Adani, the Chairman of the Adani Group, on Saturday said he feels blessed to have had the privilege of witnessing the divine Rath Yatra of Lord Jagannath. Gautam Adani, along with his wife Priti Adani and son Karan Adani, participated in the annual Rath Yatra in Odisha's Puri. The Lord Jagannath Rath Yatra is one of India's most revered religious festivals. In a post on X social media platform, the billionaire industrialist said that "seeing the Lord Himse ...Read More >
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea ...Read More >
Mumbai: India's paintmakers must gird up for a tougher battle from two upstarts. Birla Opus, owned by billionaire Kumar Mangalam Birla, has already shaken up the nation's paints sector with its pricing war. Now, JSW Paints Ltd's ₹9,300-crore acquisition of Dutch giant AkzoNobel's India unit portends a tighter squeeze on the profitability of their peers as they battle to protect turf. The deal by JSW Paints, part of billionaire Sajjan Jindal's steel-to-cement empire, will not immediately change ...Read More >
New Delhi, June 27: The world's third-richest man, tech billionaire and Amazon founder Jeff Bezos is all set to marry former journalist Lauren Sanchez on Friday in what is being described as a star-studded wedding. The extravagant celebration, hosted in Venice, Italy, is expected to cost approximately Rs 430 crore, according to Luca Zaia, President of the Veneto region, which includes the iconic city of canals. The three-day affair, which began on June 26 and will end on June 28 with a celebrity ...Read More >
Sivasagar, June 27: ONGC has successfully capped the gas leak from its well no 147 at Bhatiapar in Sivasagar district today at 11:15 am, ending a 16-day-long ordeal. The leak, which began on June 12, was brought under control through coordinated efforts by ONGC's crisis management team and international well-control experts, primarily from the United States. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, confirmed the development through a post on microblogging site, praising ...Read More >
New Delhi, June 27 (SocialNews.XYZ) The world's third-richest man, tech billionaire and Amazon founder Jeff Bezos is all set to marry former journalist Lauren Sanchez on Friday in what is being described as a star-studded wedding. The extravagant celebration, hosted in Venice, Italy, is expected to cost approximately Rs 430 crore, according to Luca Zaia, President of the Veneto region, which includes the iconic city of canals. The three-day affair, which began on June 26 and will end on June 2 ...Read More >
New Delhi: The world's third-richest man, tech billionaire and Amazon founder Jeff Bezos, is all set to marry former journalist Lauren Sanchez Friday in what is being described as a star-studded wedding. The extravagant celebration, hosted in Venice, Italy, is expected to cost approximately Rs 430 crore, according to Luca Zaia, President of the Veneto region, which includes the iconic city of canals. The three-day affair, which began June 26 and will end June 28 with a celebrity-studded recept ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to i ...Read More >
New Delhi, Jun 27 (PTI) Canadian billionaire Prem Watsa's company Fairfax Financial Holdings Limited on Friday said it has appointed former NITI Aayog CEO Amitabh Kant as a senior advisor. In a statement, Fairfax said former G20 Sherpa Kant's extensive expertise in economic development, innovation, and sustainable growth is expected to significantly benefit the company's long-term investment approach in India. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 27, 2025 Declar ...Read More >
New Delhi, Jun 27 (PTI) Canadian billionaire Prem Watsa's company Fairfax Financial Holdings Limited on Friday said it has appointed former NITI Aayog CEO Amitabh Kant as a senior advisor. In a statement, Fairfax said former G20 Sherpa Kant's extensive expertise in economic development, innovation, and sustainable growth is expected to significantly benefit the company's long-term investment approach in India. As India is pursuing an ambitious roadmap toward becoming a developed economy by 204 ...Read More >
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