Companies

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Portfolio delivers robust results, asset base surpasses record Rs 5 lakh crore

The Adani Portfolio of companies on Monday reported record results for the first half of this fiscal (H1 FY25) as well as the trailing-twelve-month (TTM) period. In H1 FY25, the portfolio companies invested Rs 75,277 crore, increasing the total gross assets to a record Rs 5.53 lakh crore.

22 hours ago

US allegations against Adani Group: Blown out of proportion?

The Adani Group denies allegations made by the US Department of Justice and the US Securities and Exchange Commission. The CFO Jugeshinder Robbie Singh clarified that none of the group's public companies are subject to indictment.

2 days ago

LG Corp to cancel own shares worth $356.8 bn by 2026 to boost corporate value

LG Corp, the holding company of LG Group, said on Friday it will cancel its own shares worth 500 billion won ($356.8 million) by 2026 as part of a corporate value enhancement programme.

3 days ago

Adani Group stocks rebound as Sensex and Nifty surge

Stocks of the Adani Group companies rebounded on Friday, led by Ambuja Cements and ACC Ltd, after witnessing a sharp sell-off amid US government department allegations, which the Group has vehemently denied as "baseless".

3 days ago

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Ola Electric to sack 500 employees amid controversies, poor results

Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise.

3 days ago

PharmEasy clocks Rs 2,533 crore in losses in FY24, revenue dips nearly 15 pc

Health-tech company PharmEasy has clocked Rs 2,533 crore in losses last fiscal (FY24), as it revenue declined almost 15 per cent at Rs 5,664 crore.

4 days ago

Adani Defends Integrity Amid US Charges, Pledges Legal Action to Protect Reputation

Adani Group challenges DoJ, SEC against US bribery claims; assures legal recourse

has strongly denied allegations made by the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC). Calling these claims baseless, the group reiterated its commitment to governance, transparency, and compliance across jurisdictions.

4 days ago

Optiemus begins telecom equipment manufacturing with Tejas Networks

Industry hails SC granting telcos right to claim tax credits on infra duties

Industry players on Wednesday welcomed the Supreme Court's ruling in favour of telecom companies, which affirmed their entitlement to claim credit for duties paid on parts such as tower components and green shelters.

5 days ago

Third Wave Coffee's net losses grow over 2 times to Rs 110 crore in FY24

Specialty coffee chain Third Wave Coffee saw its net losses grow more than two times (year-on-year) to Rs 110 crore last fiscal (FY24).

6 days ago

Adani Airport Holdings likely to list in next 2-3 years: Report

The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.

6 days ago

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

As the shares of Bhavish Aggarwal-led Ola Electric continue to slide, a massive Rs 38,000 crore worth of investors' money has been eroded in the company's stock in just a couple of months.

6 days ago

Swiggy losing lead in market: MOFSL Report; Assigns 'Neutral' rating

Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.

6 days ago