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Business
Donald Trump Warns India Of Reciprocal Tax If Elected US President Again Next Year
New Delhi: Not for the first time, Donald Trump has fired a warning at India.
The former US president, who is preparing to contest the 2024 elections, raised the issue of high taxes in India on certain American products and…
Gautam Adani Lost Over Rs 4 Trillion In Last Six Months: Report
New Delhi: Gautam Adani’s net worth has sunk substantially following the publication of Hindenburg report five-and-a-half months ago.
The Adani Group chairperson lost $60.2 billion (over Rs 4 trillion) between January and June this year,…
Government Notifies New QCOs for Potable Water Bottles and Flame-Producing Lighters
NewDelhi:
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry has successfully notified two new Quality Control Orders (QCOs) on July 5, 2023. These QCOs on 'Potable Water Bottles' and…
India Will Overtake US To Become Second-Largest Economy By 2075: Report
New Delhi: Investment bank Goldman Sachs has said that India is poised to become the world’s second-largest economy by 2075, surpassing Japan, Germany and the United States. The recent report states that favourable demographics, innovation…
Tata to Become First Indian Company to Assemble iPhones
New Delhi: Tata Group might become the first Indian company to move into the assembly of iPhones. India’s largest conglomerate is close to an agreement to acquire an Apple Inc. supplier’s factory as soon as August. A takeover of the Wistron…
Adani Crisis: India’s Banking Sector Resilient & Stable, Assures RBI
New Delhi: With questions being raised on public sector banks’ exposure to the under-pressure Adani Group, Reserve Bank of India (RBI) clarified on Friday that the country’s banking sector remains ‘resilient and stable’ as per its…
Adani Crisis: One Instance Doesn’t Indicate Governance Of Indian Markets, Says FM
New Delhi: Union Finance Minister Nirmala Sitharaman on Friday reassured investors that the Adani crisis notwithstanding, India remains a well-regulated financial market and certain instances of volatility are not indicative of how well…
Adani Enterprises Withdraws Fully-Subscribed FPO; Check Chairman’s Statement
Mumbai: In a major announcement, Adani Enterprises said on Wednesday night it’s withdrawing the recently-concluded fully subscribed Rs 20,000 crore Follow-on Public Offer (FPO) in the wake of extreme market volatility.
Earlier in the day,…
Adani Enterprises FPO Fully Subscribed On Final Day Despite Hindenburg Report
New Delhi: A scathing report by US-based short-seller Hindenburg Research notwithstanding, Adani Enterprises’ follow-on public offer (FPO) worth Rs 20,000 crore was over-subscribed on the last day with heavy support from non-institutional…
Adani Group’s Share Sale On Track Despite Adverse Hindenburg Report; Will Banks Play Ball?
Mumbai: A $2.5 billion share sale by Adani Enterprises remains on schedule at the planned issue price despite an adverse report by US-based investment research firm Hindenburg Research Research.
“There is no change in either the schedule…