Zomato CEO and co-founder Deepinder Goyal on Tuesday issued a statement over what he said was ‘a lot of chatter about the culture at Zomato after a series of exits over the last few months.’ In the statement posted on his Twitter account, Goyal put out a ‘fact.’ The statementContinue Reading
Billionaire Gautam Adani’s flagship firm reported a quarterly profit on the back of improved revenues across businesses as it grapples with the fallout from a bruising short seller report. Adani Enterprises Ltd., based in the tycoon’s home city of Ahmedabad in western India, posted net income of 8.2 billion rupeesContinue Reading
Oil marketing companies (OMCs) did not make any revision to fuel prices on Tuesday, which means that petrol and diesel rates across the country have been steady since May 21 last year, when the previous pan-India revision was made. This, therefore, means that in Delhi, a litre of petrol continuesContinue Reading
India’s Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies in a bid to discredit claims by short-seller Hindenburg Research that have battered its stocks and bonds, two people familiar with the matter said on Monday. The appointment marks the first major effortContinue Reading
The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders. Market value of the group’s seven listed companies has halved since aContinue Reading
Days after launching a new ad campaign featuring comedian Tanmay Bhat, Kotak Mahindra Bank on Sunday withdrew its 811 campaign after his decade-old tweets on Ganesha were dug up by netizens. Many Twitter users posted screenshots of Bhat’s old tweets. “Hi @KotakBankLtd @udaykotak. I am a customer of your bankContinue Reading
Bloomberg | | Posted by Singh Rahul Sunilkumar Frederick Barclay, the reclusive tycoon who owes his former wife £100 million, is discussing a financial settlement with her after being threatened with bankruptcy. (ALSO READ: Bill Gates is dating again. His girlfriend shares quite a similar background) The 88-year-old is yetContinue Reading
The Indian rupee is likely to open lower against the dollar on Monday, tracking losses in Asian currencies and shares on concerns over the U.S. interest rate outlook. The non-deliverable forwards indicated an opening of around 82.60-82.64 for the rupee to the U.S. dollar, compared with 82.4975 in the previousContinue Reading
PTI | | Posted by Ritu Maria Johny Shares of Adani group of companies declined in morning trade on Monday, with flagship company Adani Enterprises falling over 4 per cent after credit rating firm Moody’s revised the rating outlook on four companies of the conglomerate to ‘negative’ from ‘stable’. OnContinue Reading
Reuters | | Posted by Ritu Maria Johny Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. In recent weeks there had been a lack of clarity surrounding budgets and futureContinue Reading