Show Financial News

Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani.

INDIA bloc as the motley group of opposition parties called themselves pilloried the Modi government as it took the wind out of its sails by reminding everyone that Article 1 of our Constitution starts with the words India, that is Bharat.

Rahul Gandhi, a Congress MP from Wayanad, a biker, has now shared his experience making orange marmalade for mother Sonia Gandhi. Rahul Gandhi shared he used the recipe by sister Priyanka Gandhi Vadra to make the orange marmalade from SCRATCH! “Orange marmalade is my Mum's favorite Jam and Priyanka has perfected the recipe over time. Now it's my turn to fill these delightful jars of joy." Rahul Gandhi captioned the video.

The Nifty 50 index closed 0.22% lower at 21,731 points, while the Sensex settled 0.23% down at 72,240 points — both only slightly shy of the record highs hit in the previous session. The Nifty has jumped over 20% in 2023 and the Sensex has risen nearly 19% to log their best years since 2021 and second-best since 2017, fuelled by sustained domestic mutual fund inflows, the return of foreign buying, better-than-expected macroeconomic growth and steady corporate earnings. Here's how analysts read the market pulse: «Immediate support is observed around 21600, followed by 21500, while strong support lies around the week's low around the 21300 mark. Although prices are in uncharted territory with no prominent resistance visible, 21850 followed by 22000 presents an immediate hurdle, considering the overbought conditions.

Indian households’ net financial savings fell as much as four percentage points in the past two years as they ploughed it to build real assets such as homes and vehicles. While that has raised the indebtedness of people, economists say their ability to service debt is high compared with many major economies. Official data on household net financial savings indicates that it fell to 5.1 per cent of GDP in 2022-23 from 11.5 per cent in 2020-21, well below its long-run annual average of 7.0-7.5 per cent.

US Navy helicopters sank three of four small boats used by Iranian-backed Houthi militants to attack a Maersk container vessel in the southern Red Sea, the U.S. military said on Sunday. Helicopters from the USS Eisenhower and USS Gravely, responding to distress calls from the Maersk Hangzhou, returned fire on the Houthi boats in self-defence and sank three of the vessels with no survivors, U.S. Central Command (CENTCOM) said in a statement.

Ministry of Home Affairs declared the 'Tehreek-e-Hurriyat (TeH) as an 'unlawful association' on Sunday under the Unlawful Activities (Prevention) Act for the next five years. The MHA issued a notification and pointed out that it declared the TeH as an unlawful association for five years in the exercise of the powers conferred by sub-section (1) of section 3 of the Unlawful Activities (Prevention) Act, 1967 (37 of 1967). Soon after the MHA's announcement, Union Home Minister Amit Shah posted on 'X', «The 'Tehreek-e-Hurriyat, J&K (TeH) has been declared an 'Unlawful Association' under UAPA. The outfit is involved in forbidden activities to separate J&K from India and establish Islamic rule. The group is found spreading anti-India propaganda and continuing terror activities to fuel secessionism in J&K.» «Under PM @narendramodi Ji's zero-tolerance policy against terrorism, any individual or organization found involved in anti-India activities will be thwarted forthwith.

commonlyknown as Big B bid adieu to the 15th season on an emotional note recently. Amitabh Bachchan said, "Devi aur sajjano, ab hum jaa rahe aur kal se yeh manch ab nahi sajega. Apno se yeh keh pana ki kal se hum yahan nahi aa payenge, na kehne ki himmat hoti aur na kehne ka mann hota hai (Ladies and gentlemen, now it's time to go as the stage won't be the same.

retail sector is likely to face another quarter of slowdown as most of them have reported flat to low single digit same store sales growth during Q3FY24, according to ICICI securities. This is primarily due to the lower footfall during the peak season, impact of world cup during weekends and late onset of winter season. As a result, most brands have kicked-off end of season sale offering upto 65% discount, 2 weeks early in December 2023 against normal one month EOSS window in January.

Job placements for graduates from one of the world's premier business schools, Harvard Business School, have hit their lowest levels in over five years, indicating a slowdown in demand for highly qualified candidates. According to recent data from the school, 86% of the 73% of its most recent MBA class seeking employment received offers, a significant drop from 95% in 2022 and 96% in 2021. In an unusual move, the school only recently disclosed the job offer rates for 2023 on its website, following a query from the Financial Times.

Indian stock market: Nifty remained sideways during the session, fluctuating within the range of 21650-21750. A doji pattern has formed on the daily chart, indicating indecisiveness in the market. This sentiment requires confirmation through a decisive breakout above 21750 or a breakdown below 21650.

It’s never easy saying goodbye to those we’ve come to love. And while most of us don’t come into regular contact with celebrities, we invite them into our homes via television, movies and streaming services, making them a part of our everyday lives.

New Year rings in, one of the welcome changes that Indian consumers will witness include the way they buy SIM cards for their mobile connections. The department of telecommunications (DoT) recently released a notification issuing instructions to the telecommunication companies to phase out physical verification of their customers before selling them the SIM cards. The Know Your Customer (KYC) verification will therefore be completely digital.

shares his outlook for 2024 and what investors should do in the current scenario. In the last few years, India has done exceptionally well. And it is a function of India doing well and others doing badly.

US state of Massachusetts, as reported by media sources. As reported by PTI, Norfolk District Attorney (DA) Michael Morrissey said on Thursday that the bodies of Rakesh Kamal, 57, his wife, Teena, 54, and their 18-year-old daughter, Ariana, were found in their Dover mansion at about 7:30 p.m. Dover, situated approximately 32 kilometers southwest of downtown Boston, the capital of Massachusetts.

how this problem is only getting worse. Satya Nadella has been a busy man ever since he overtook the reins at Microsoft. In the decade that he's taken over, Microsoft has made over 100 acquisitions.

container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting after a multitude of attacks by Iran-backed Houthi militants. Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight. Meantime, the economy in Vietnam exceeded expectations this year and is poised for better results in 2024.

performance since 2017, with the Nifty 50 and the Sensex rising by 20 per cent and 19 per cent respectively. Additionally, the midcap and smallcap indices significantly outshone the benchmarks, with the BSE Midcap index soaring by 46 per cent and the Smallcap index surging by an impressive 48 per cent.

yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion marks a sharp break from Beijing's approach the last time the currency was on the ropes, in 2015. Back then, the People's Bank of China (PBOC) resorted to official intervention as the central bank burned $1 trillion in reserves to shore it up. This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. Interviews with 28 market participants show at least two dozen cases where regulators closely and frequently steered market participants through a range of co-ordinated actions this year to resist strong downward pressure on the yuan. The PBOC and State Administration of Foreign Exchange, the currency regulator, did not respond to Reuters' faxed questions about its approach.

bone-chilling winter, the people in Delhi-NCR woke up to yet another morning of cold wave on the last day of the year with thick layer of fog all over the national capital and adjoining areas. The minimum temperature at the Safdarjung Observatory, the city's primary weather station, was recorded at 11 degrees Celsius. The dense fog enveloped the city, reducing visibility in several parts of the city.

Congress formed its first government in Telangana in 2023, humbling the mighty BRS but Chief Minister A Revanth Reddy has his task cut out to ensure the momentum continues in 2024 to see the party emerges victorious in the Lok Sabha polls. Hailed as the architect of the grand old party's southern success amid an unimpressive electoral show in Rajasthan, Madhya Pradesh and Chattisgarh, the energetic Reddy needs to ensure Congress pockets as many Lok Sabha seats as possible out of the 17 segments up for grabs, to consolidate his position.