Adani Lost Rs 3,000 Crore A Week In 2023

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, […]

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Banks Fallout: Time For RBI To Be Alert

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 […]

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Marvel Entertainment Chairman Ike Perlmutter Cut From Company

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 […]

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High Inflation Remains ECB's Main Worry

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 […]

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US Announces $350 Mln Additional Security Assistance For Ukraine

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 […]

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US banking turmoil: ADRs of Domestic Banks Impacted

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 […]

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Will markets reclaim March glory? Analysts weigh in

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. […]

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