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Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it. State Bank of India will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met. Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have relative ...Read More >
New Delhi, Nov 28 (PTI) Coworking firm Incuspaze, which provides managed flexible office spaces to corporates, is looking to raise USD 25 million (over ₹210 crore) to expand its business across major cities before planning to launch its Initial Public Offer (IPO). Established in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 40 lakh square feet. "We plan to add another 2 million (20 lakh) square feet in our portfolio by the end of December 2025," Incu ...Read More >
Indian billionaire Gautam Adani faces U.S. charges in a $265 million bribery scheme, shaking his conglomerate. The Adani Group denies wrongdoing, while Indian politics and global finance react. Allegations involve market disclosure issues and economic fallout, including halts on projects and investments worldwide. Indian billionaire Gautam Adani's indictment by U.S. authorities has sent shockwaves through his vast business conglomerate. The Adani Group, denying all allegations, faces scrutiny o ...Read More >
Adani Group's two stocks have been put under the first stage of the long-term additional surveillance measures (ASM) on the Bombay Stock Exchange (BSE) after the recent US indictment of Chairman Gautam Adani and others on alleged bribery charges. Adani was allegedly indicted in New York, US, over his role in the multibillion-dollar bribery and fraud scheme. According to US authorities, the chairman of the ports-to-power conglomerate and seven other defendants agreed to pay Indian officials over ...Read More >
Rakesh Jhunjhunwala's remarkable rise from Rs 5,000 to a fortune of Rs 40,000 crore is epitomized by Rare Enterprises, founded with his life partner, Rekha. Their partnership was sealed by fate after a serendipitous meeting.An investor with a midas touch, Rakesh Jhunjhunwala's journey from mere Rs 5,000 to a staggering Rs 40,000 crore, is a stuff of legends. At its heart lies Rare Enterprises -- named after Rakesh and his life partner, Rekha -- a true testament to the partnership that powered hi ...Read More >
Rajya Sabha MP Mahesh Jethmalani accused Congress and other opposition parties of politically exploiting the US indictment against the Adani Group. He demanded evidence for allegations of bribery, declaring opposition's actions as diversionary tactics post electoral losses. Adani Group denied bribery charges, calling related reports incorrect. Senior Advocate and Rajya Sabha MP Mahesh Jethmalani launched a pointed critique against the Congress Party on Thursday, alleging they are using the US i ...Read More >
New Delhi [India], November 27 (ANI): Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Thursday said that the Congress and other Opposition parties are using the issue of the indictment against the Adani Group in the US "to divert attention from their electoral defeats" and said they must provide credible evidence before demanding a parliamentary probe. "The Congress is reading too much into this indictment and they are doing it for purely political purposes...," Jethmalani said. Re ...Read More >
Blue Yonder, one of the world's largest supply chain software providers, said Monday it was working to restore services after the attack last week disrupted systems it hosts for customers. Blue Yonder said it didn't have a timeline for when services would be restored. The company said the attack didn't affect systems that run on public cloud-based platforms. Starbucks said Monday the ransomware attack affected company-owned stores in its network of around 11,000 sites in North America. It disr ...Read More >
Adani Enterprises Ltd. and Wilmar International Ltd. are considering delaying a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire-founder Gautam Adani, according to people familiar with the matter. Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law that requires at least 25% of the holding t ...Read More >
Samsung's facing a lot of crises and the company has unable to chart a clear path forward, particularly in the semiconductor market, where its foundry is lagging behind, its next-gen memory products are struggling to compete against SK Hynix, and legacy products are under pressure from Chinese companies. The company does a significant employee reshuffle across the entire organization every year. The process has started a bit earlier this time around as there's very much a sense of urgency to im ...Read More >
French energy giant TotalEnergies has paused new investments in Gautam Adani's conglomerate amidst ongoing U.S. corruption investigations. Adani Green Energy Ltd. clarified that this pause will not affect its operations, as no new funding was under discussion. The Adani group denies all allegations as baseless. French energy giant TotalEnergies has paused new investments in Gautam Adani's conglomerate due to an ongoing U.S. investigation into alleged corruption charges against Adani and two exe ...Read More >
NEW DELHI: Tata group will buy into the India operations of Apple's manufacturing partner Pegatron almost a year after acquiring the business of another supplier Wistron. The deal will make the company one of the biggest contract suppliers to the American electronics giant, along with Taiwanese giant Foxconn. Tata group, which has been making inroads into manufacturing ecosystem of Apple and has started making latest generation of iPhone 16, will be buying around 60% in operations of Pegatron ...Read More >
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