Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues [...]
State-run insurance behemoth Life Insurance Corporation of India’s (LIC’s) shares closed at ₹ 581.00 apiece on the National Stock Exchange (NSE), merely 2.65% higher than the stock’s 52-week low of ₹ 265 apiece. The insurance behemoth made a tepid market debut on the bourses last year and its share price shows a downward trend ever [...]
Production of eight infrastructure sectors expanded at a four-month high of 7.8 per cent in January 2023 on better show by coal, fertiliser, steel and electricity segments, according to official data released on Tuesday. The output of core sectors had increased by 4 per cent in January 2022 and by 7 per cent in December [...]
With about USD 140 billion in market value of its group companies being wiped off in five weeks, Adani Group needs a third-party audit of accounts to allay fears of shareholders even though the concern over group debt may be "overstated", a proxy advisory firm said. "In addition to the response to Hindenburg, who is [...]
Benchmark indices Sensex and Nifty continued their slide for the eighth straight day on Tuesday due to selling in oil & gas, pharma and banking stocks amid worries over further interest rate hikes. Mixed global cues, selling by FIIs and caution by investors ahead of the release of key macroeconomic data also dented the market [...]
High debt levels invite trouble for companies. The Adani-Hindenburg issue is a recent example of this. Business Tycoon Gautam Adani’s conglomerate suffered a steep fall in its companies’ share price after the US-based short-seller published a report accusing the conglomerate of engaging in “brazen stock manipulation and accounting fraud scheme over the course of decades.” [...]
The Nitish Kumar government in Bihar on Tuesday presented a Rs 2.61 lakh crore budget, asserting that the state’s finances were “in a good shape” as evident from markers like the fiscal deficit being under the prescribed conditional limit. Tabling the budget before the state assembly, Finance Minister Vijay Kumar Chaudhary also flagged concerns like [...]
Captain Pipes Limited, is a manufacturer and exporter of uPVC Column Pipes, uPVC Plumbing Pipes and fittings, CPVC Plumbing Pipes and fittings, Casing Pipes, and PVC Pressure Pipes. The board of directors of the company has announced a stock split in the ratio of 10:1. This means that One equity share of the face value [...]
Adani Enterprises, after falling non-stop for seven consecutive trading sessions, was on a downward trajectory when the markets opened today but soon bounced back to gain an upside of around 26% from the day's low to hit the day's high at Rs 1,391.85. The stock started in the red showing a fall of 7% in [...]
The government is working towards making India a global automobile manufacturing hub and the domestic industry is expected to be worth Rs 15 lakh crore in the near term, Union Minister Nitin Gadkari said on Tuesday. Virtually inaugurating Tata Motor's vehicle scrapping facility in Jaipur, Gadkari said the automobile sector currently contributes to 7.1 per [...]
