The US-based short seller Hindenburg Research which shut down weeks after Joe Biden lost the presidential election this January faced a determined counterattack from Adani Group, which the short seller had targeted in January 2023. The Hindenburg report came out just days before Adani Group Chairman Gautam Adani was in Israel to finalise a $1.2-billion … Read more
Mumbai: Longer tenure government bonds maturing in 35 to 40 years have been in demand in the past three sessions as yields on these instruments, mirroring those on shorter time periods, are expected to fall more than 10 basis points, market participants said. Bonds maturing by 2030 have already softened by over 25 basis point … Read more
Mumbai: Tech stocks led the rally on Dalal Street on Wednesday, taking the sensex above the 80K mark after more than four months. The overnight rally in the US market also aided the strong buying momentum in the Indian market. As a result, the sensex closed 521 points or 0.7% up at 80,116 points, while … Read more
New Delhi: The World Bank lowered India’s growth projection to 6.3% for the current fiscal year, down from 6.5%. It argued that the benefits to private investment from monetary easing and regulatory streamlining would be offset by global economic weakness and policy uncertainty. The multilateral agency is the latest to lower the forecast, and this … Read more
New Delhi: Dharampal Satyapal Group (DS Group), which owns brands such as Pulse candy, and Catch Spices, doubled its turnover to Rs 10,000 crore in 2024-25 over five-year period. It plans to double the revenue to Rs 20,000 crore in its centenary year 2029. The Rs 10,000-crore milestone has been mainly driven by F&B category, … Read more
Mumbai: (HFCL), the lending arm of two-wheeler giant , is looking to raise $200 million through a and has mandated to lead the deal, according to people familiar with the matter. The non-bank lender recently held a roadshow in Taipei to gauge investor appetite, the people said, asking not to be identified. The fundraise comes … Read more
Mumbai: EV startup Ather Energy , which rivals Ola Electric , is set to end the two-month hiatus in mainboard IPOs with its Rs 2,981 crore issue hitting Dalal Street on April 28. It is also the first new-age IPO of fiscal 2026, coming amid market volatility triggered by uncertainty around Trump tariffs. An unpredictable … Read more
Mumbai: Around 82% of the committee of creditors (CoC) of IL&FS Engineering & Construction approved a ₹350 crore offer from SPC, formerly known as Almas Global Opportunities Fund, to acquire a 42.25% stake held by IL&FS and IL&FS Financial Services. Major lenders including , and backed .
Gold prices softened marginally after US President Donald Trump indicated he may not press for the removal of US Fed chief Jerome Powell and negotiate with China on tariffs. Prices of silver, on the other hand, perked up as recession fears receded. TNN
traded in a tight range at the open Thursday as a global relief rally started to lose steam after mixed signals from the on its plans for . A regional gauge of stocks swung between small gains and losses as market enthusiasm got curbed after Treasury Secretary Scott Bessent cast doubt on a timely resolution … Read more