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Zepto fundraise was led exclusively by Motilal Oswal’s Private Wealth division. File | Photo Credit: Reuters Zepto on Friday (November 22, 2024) announced a $350 million fundraise in its latest round that the quick commerce company said marks the largest 100% domestic fundraise within India’s startup ecosystem. The round included investments from Indian HNIs, family…
Read More “Zepto raises $350 mn in domestic funding round” »
This grab from a video released by Adani Enterprises Ltd. on Thursday, Feb.2, 2023, shows Indian billionaire Gautam Adani. | Photo Credit: AP Adani Enterprises Ltd opened at ₹2,101, which is 3.8% lower than the previous close on the National Stock Exchange, as the Kenyan government cancelled Adani Group projects in response to the U.S….
Read More “Adani’s stock rout continues as Kenya cancels projects” »
Representational image only. File | Photo Credit: Reuters Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per…
Read More “Flash PMI signals India’s private sector activity at three-month high in November” »
Rupee opened on a flat note and rose just 3 paise from its all-time low level to 84.47 against the US dollar in morning trade on Friday (November 22 2024), as the support of positive domestic equities was negated by geopolitical pressures and unabated foreign portfolio outflows. The US dollar strengthened in the overseas market…
Read More “Rupee trades in narrow range against US dollar in early trade” »
From the 30-share Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Tata Motors, Power Grid, Bajaj Finance, Bajaj Finserv and Tech Mahindra were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty bounced back in early trade on Friday (November 22, 2024) after falling sharply in the previous session…
Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. | Photo Credit: Reuters Asserting that the relationship between India and the U.S. is built on a strong foundation, the White House has expressed confidence…
The indictment of industrialist Gautam Adani and his business associates by the U.S. Department of Justice (DoJ) presents detailed allegations regarding the processes followed by senior executives of Adani Green Energy Ltd. and Azure Power Global Ltd. (a renewable energy company headquartered in New Delhi, which used to be listed on the New York stock…
Read More “Gautam Adani Indictments: A ‘bribery scheme’ to bag lucrative solar power contracts” »
Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit…
Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit…
Read More “Gautam Adani faces five-count criminal indictment in U.S. for bribery, security fraud” »
A vendor walks past by a poster of bear and bull in south Mumbai. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty tumbled on Thursday (November 21, 2024) amid a sharp fall in Adani group stocks after billionaire industrialist Gautam Adani was charged in the U.S. for alleged bribery and fraud….
Read More “Sensex, Nifty tumble amid broad-based selloff; Adani group stocks nosedive” »