An entity majority-owned by embattled billionaire Gautam Adani, who was indicted in US courts last month, has pulled back from a loan pact valued at $553 million from the US International Development Finance Corporation, according to a company filing.“The project will be financed through the company’s internal accruals and capital management plan. We have withdrawn…
MUMBAI: In a fresh turn of events in the Kalyani family dispute, Sugandha Hiremath – Hikal director and sister of Bharat Forge chairman Baba Kalyani – has disputed the legitimacy of her late mother’s wills, which primarily benefits her two brothers Baba Kalyani and Gaurishankar Kalyani. Their mother had made two distinct wills before her…
Mahila Samman Savings Certificate scheme is open for women and girl investors till March 31, 2025. (AI image) Mahila Samman Savings Certificate Scheme last date: The Mahila Samman Savings Certificate Scheme (MSSC), started in March 2023, is a women-focused financial initiative offering competitive interest rates. This scheme was launched with an aim to enhance financial…
Mark Mobius said, “I think the Justice Department in the US probably overstepped its bounds. It has gone too far.” Mark Mobius, Chairman of Mobius Emerging Opportunities Fund, has said that the US Department of Justice ‘overstepped its bounds’ in indicting Gautam Adani and other officials in the alleged bribery case. Mobius believes that the…
NEW DELHI: Amid slowdown in demand for new cars and steep discounts, the talk of a price hike by car companies in the new year has surprised other industry stakeholders as dealers grapple with large inventory.Announcements regarding price hikes towards the end of the year have become almost an annual ritual as companies resort to…
Representative AI image via Lexica MUMBAI: The wealth of Indian billionaires surged 42% to over $905 billion during the last financial year, positioning it as the third largest base behind the US and China, a report by Swiss bank UBS said. In contrast, in China, where the Xi Jinping regime has gone after businesses, billionaires…
NEW DELHI: Fundraising via initial public offerings (IPO) in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. Economic growth, favorable market conditions and improvements in the regulatory framework helped companies raise record amounts in 2024, the financial information and analytics firm said in its analysis earlier…
NEW DELHI: Foreign investors have made a strong return to Indian equities, with a net investment of Rs 24,454 crore in the first week of December, driven by stabilizing global conditions and expectations of potential US Federal Reserve rate cuts. This recovery follows the largest outflow ever recorded in the last two months, with foreign…
HYDERABAD: Eyewear major Lenskart is investing Rs 1500 crore in setting up what is touted as the world’s largest eyewear manufacturing factory in Telangana.The facility will make eyewear, lenses, sunglasses as well as accessories and other products catering to the India as well as exports to other markets in South East Asia and the Middle…
NEW DELHI: Last week, Dalal street gained a positive momentum as the overall market valuation of six of the top-10 most-valued companies soared by Rs 2,03,116.81 crore, with Tata Consultancy Services and HDFC Bank leading the gains. The BSE benchmark also rose by 1,906.33 points (2.38 per cent), while the NSE Nifty increased by 546.7…
