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Business
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…
Bank Unions Defer Next Week’s Proposed Nationwide Strike
New Delhi: Next week’s all-India bank strike is not happening.
The strike, which was called by the United Forum of Bank Unions (UFBU) on January 30 and 31, has been deferred.
All India Bank Employees’ Association (AIBEA) general secretary C…
Adani Group Stocks Continue To Crash After Damaging Report By US Research Firm
New Delhi: The net worth of business tycoon Gautam Adani continued to decline.
The downward trend of shares of seven listed Adani Group companies bled on Friday as well, with some hitting the lower circuit and others falling up to 20%.…
All-India Bank Strike Looms; Check Likely Dates
New Delhi: Bank employees may cease work for two days next week.
The Union Forum of Bank Unions (UFBU) has called a two-day strike on January 30 and 31 (Monday and Tuesday).
State Bank of India (SBI), the country’s largest public sector…
Amazon Air Service Launched In India, To Deliver Shipments In These Cities
Hyderabad: With an eye on expanding its presence and speed up deliveries in India, Amazon on Monday launched its air freight service in the country.
This is the third market, after Europe and the US, that Amazon Air has been started.
K T…
Ban Cryptocurrencies In India, Says RBI Governor; What Are The Threats?
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated on Friday that cryptocurrencies should be banned in India.
Das felt the growth of cryptocurrencies could result in the RBI losing control over the Indian economy.
The…