Category: Business

The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public. Stung by the Hindenburg Research report in January 2023 that alleged the Adani group had engaged in brazen stock manipulation and accounting fraud scheme, improper use of offshore tax havens, […]

The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan. Financial crises follow faithfully Ogden Nash’s description of ketchup coming out of a bottle: ‘First a little, then a lottle.’ Consider the financial collapse of 2008. The […]

Hollywood’s Covid protocols will expire on May 12, and the vaccination mandate — which gave producers the right to require Covid vaccinations as a condition of employment — will end for all productions except those that were implemented prior to May 12, which can continue to apply for the remainder of the production or the […]

The United States must remain the most powerful nation on Earth if peace is to continue between the U.S., China and Russia, said Chairman of the Joint Chiefs of Staff Army Gen. Mark A. Milley. For the first time, the United States is facing two major nuclear powers, whose vital national security interests are in […]

A Disney spokesperson has confirmed to Deadline that Ike Perlmutter is out at the company. Note, Permutter oversaw the consumer products division of Marvel, and isn’t part of the Kevin Feige-led Marvel Studios. Perlmutter’s departure comes amid Disney cutting 7K jobs in a massive overhaul of its employee corps that’s part of $5.5 billion cost-cutting […]

Two key policymakers of the European Central Bank warned on risks posed by high inflation and signaled that they are not done with raising interest rates despite the latest banking crisis that has put the aggressiveness of central banks in tightening policy under doubt. “With high uncertainty, it is even more important that the rate […]

Matthew Broderick and Laura Benanti will star in an Off Broadway production of A.R. Gurney’s Love Letters for a (very) limited run: The production at the Irish Repertory Theatre will run from May 30 to June 4 for eight performances. The Gurney play will be the second of two parts of Irish Rep’s The Letters […]

In the latest tranche of U.S. security assistance to help Ukraine fight against Russian attacks, the Department of Defense announced the authorization of arms and equipment worth $350 million. This military assistance package includes more ammunition for U.S.-provided High Mobility Artillery Rocket Systems, or HIMARS, and howitzers that Ukraine is currently using to defend lethal […]

Analysts say domestic banks’ dependence on local depositors insulates them from the crisis. The US banking turmoil has impacted the prices of American Depository Receipts (ADRs) for domestic banks. In the case of HDFC Bank, the ADR premium has shrunk by nearly 5 percentage points, from 16.5 per cent during the start of the month […]

Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds — domestic and foreign. Retail investors, too, prefer to ‘ca­sh in’ on their gains and losses before the financial year runs out. […]