Category: Business

Business

‘I now view Hindenburg as a chapter in my life, not a central thing that defines me’: full text of Nate Anderson’s letter announcing shutdown

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Hindenburg Research, a U.S. investment research group known for short-selling, will be disbanded, its founder Nate Anderson said on Wednesday (January 15, 2025). Founded in 2017 as a kind of corporate muckraker, the short- seller with around 10 employees has pushed several companies to admit accounting errors or misrepresentations. The company has wiped billions of…

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Adani Group share rose as Hindenburg founder announces to disband entity

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Adani Enterprises Limited. File | Photo Credit: Reuters Adani Group company shares rose sharply on Thursday (January 16, 2025) morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announcing his decision to disband the entity. He did not specify any specific reason for this abrupt move which comes days before regime change in…

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Exports dipped 1% in December, trade gap eased from November’s record high

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Overall goods exports are now estimated to be 1.6% higher through the April to December 2024 period at $321.7 billion, while imports have risen 5.15% to $532.5 billion. Image for representation. | Photo Credit: The Hindu India’s goods exports contracted 1% year-on-year in December to a fraction over $38 billion, while imports grew 4.9% to…

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Markets log gain for 2nd day; Sensex climbs over 200 points

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Image for representational purposes only | Photo Credit: Reuters Benchmark indices Sensex and ticked higher for the second straight session on Wednesday (January 15, 2025), buoyed by buying in bellwether stock Reliance Industries, Zomato and Kotak Bank amid a largely firm trend in global markets. However, elevated crude oil prices in the international markets and…

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Rupee extends gains, settles 13 paise higher at 86.40 against U.S. dollar

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Image for representational purposes only | Photo Credit: Reuters The rupee extended its recovery for the second straight session and settled with a gain of 13 paise at 86.40 (provisional) against the U.S. dollar on Wednesday (January 15, 2025), tracking favourable cues from domestic equity markets and softening crude oil prices. The American currency index…

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India’s exports contract 1% to $38.01 billion in December

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Image used for representative purpose only. | Photo Credit: Reuters India’s merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday (January 15, 2025). Imports increased by 4.8% to $59.95 billion in December 2024 compared to $57.15 billion…

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Rupee falls 2 paise to 86.55 against U.S. dollar in early trade

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On Tuesday, the rupee rebounded from its lowest-ever level and settled with a gain of 17 paise at 86.53 against the dollar. File. | Photo Credit: Reuters The rupee pared its initial marginal gain and slipped 2 paise to 86.55 against the U.S. dollar in early trade on Wednesday (January 15, 2025) as the positive…

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Stock Market Today: Markets climb in early trade on firm Asian peers

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 The 30-share BSE benchmark Sensex climbed 401.53 points to 76,901.16 in early trade. The NSE Nifty advanced 97.5 points to 23,273.55. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty began the trade on an optimistic note on Wednesday (January 15, 2025) mirroring a firm trend in Asian peers and buying in bellwether stock…

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Republican Congressman demands preservation of all Adani prosecution records

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The Republican lawmaker asserted that targeting entities that invested tens of billions of dollars and created tens of thousands of jobs for Americans only harmed the U.S. in the long run. File | Photo Credit: Reuters A Republican lawmaker has asked the U.S. Department of Justice to preserve all records in connection with the “selective…

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