The rupee fell by 8 paise on Thursday to settle at an all-time low of 84.50 against the US dollar, primarily due to a massive sell-off in domestic equity markets, ongoing foreign investment outflows, and surging crude oil prices due to geopolitical instability.According to forex traders, the dollar is witnessing safe and robust growth because…
Sagar Adani, nephew of Gautam Adani, is among the others who have been facing allegation of fraud and bribery in the United States.He with other co-defendants, has been charged by US prosecutors with allegedly paying over $250 million in bribes between 2020 and 2024 to Indian government officials to secure solar energy contracts. These contracts…
The US Securities and Exchange Commission has filed charges against Gautam Adani. Adani stocks today: Share prices of Adani Group companies crashed sharply by up to 20% on Thursday following charges against Gautam Adani and seven others in the United States regarding a multibillion-dollar bribery and fraud scheme. The US authorities revealed on Wednesday that…
BHUBANESWAR: Adani Group’s acquisition of agricultural land near the mineral-rich and sacred Gandhamardhan Hills in Odisha‘s Balangir district has sparked a political controversy, with opposition parties questioning whether the company intends to undertake mining in the area. Adani Group and BJP have dismissed the concerns.According to govt land records, Adani Group subsidiary Mahanadi Mines and…
Nvidia, the world’s biggest company with a $3.5 trillion market capitalization, reported its third-quarter earnings on Wednesday after market close. Lukman Otunuga, senior market analyst at online trading broker FXTM, told Entrepreneur before the earnings release that “with Nvidia’s jaw-dropping performance in 2024, expectations are sky-high.” “The earnings could either propel the stock to fresh…
Jaguar is reinventing itself as an electric vehicle maker with cars going into production in 2026. The company unveiled its rebrand on Tuesday, with two fashion-like posts on X—one video and one still image—that revealed…absolutely nothing. So much so that it drew the ire of social media users who were left wondering what they just…
Tom Golisano believes that “the only wealth you get to keep is that which you give away.” The 83-year-old billionaire founder of Paychex, an HR, payroll, and benefits provider, voiced the sentiment on Tuesday at an event at Artis-Naples, a museum in Naples, Florida. “This year I’ve decided to act on that saying,” Golisano said,…
Rishad Premji’s comments come days after Infosys founder Narayana Murthy reaffirmed his position supporting a 70-hour work-week. Work-life balance has become a frequently discussed subject lately, with Wipro executive chairman Rishad Premji acknowledging its significance as “incredibly important” whilst recognising it as a “controversial subject”. He maintains that corporate hybrid working arrangements benefit employees.Rishad Premji’s…
NEW DELHI: CIEL HR Services Ltd, which provides technology-driven human resources solutions, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh…
All market segments, including equity, derivative, and SLB, will not operate today. (AI image) Stock market holiday today: Trading activities at both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today due to the Maharashtra Assembly Election 2024. All market segments, including equity, derivative, and SLB, will not operate during this…
