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Business

PM cites India's phenomenal growth projection to invite investment in energy sector

Prime Minister Narendra Modi on Monday showcased India's phenomenal projected growth in energy demand, stable and decisive leadership, and sustained reforms to invite global investors in the country's oil and gas exploration and new energy, including green hydrogen.

 


Mukesh Ambani is richest Asian as Adani tumbles out on Hindenburg row

New Delhi: Ports-to-energy tycoon Gautam Adani has tumbled on the world's top billionaire ranking and is no longer the richest Asian or Indian.

 


LATEST HEADLINES

BJP has turned J-K into Afghanistan: Mehbooba Mufti on anti-encroachment drive


Soon, train passengers can order food via WhatsApp


PM Modi unveils India's biggest helicopter manufacturing facility in Tumakuru


Naval pilots carry out landing of LCA onboard aircraft carrier INS Vikrant


If Musharraf was anathema, why did BJP govt sign joint statement with him: Tharoor on tweet backlash


Assam: Families point to erroneous' data in ID cards behind child marriage arrests


SC advances to Feb 7 hearing on plea against appointment of L C V Gowri as Madras HC judge


Govt sending search & rescue teams of NDRF, medical teams, relief material to earthquake-hit Turkey


PM cites India's phenomenal growth projection to invite investment in energy sector


BIT's two-day workshop on Ubiquitous Digital Connectivity in Rural India held


Man dies in forest dept custody, mob sets forest beat house on fire


Maharashtra: Man found alive after family buries 'body'




Adani's fraud cannot be obfuscated by nationalism: Hindenburg

As the Indian stock market was to open Monday, all eyes were set on stocks of Adani Group companies, a day after it released a 413-page response to allegations of wrongdoing by US short seller Hindenburg Research.

 

Adani Group stocks continue to fall; Adani Total Gas, Adani Transmission, Adani Green tank 20 pc

New Delhi: Adani group stocks took a beating for a second straight session on Friday, falling up to 20 per cent and losing over Rs 4.17 lakh crore from the combined market valuation of listed firms after the US-based investment research firm Hindenburg Research made damaging allegations.

Adani says examining legal options against Hindenburg

A day after Adani Group's shares took a beating as Hindenburg Research made damaging allegations against it, the group on Thursday said it is examining legal options to take "punitive action" against the US activist investor for its "reckless" attempt to sabotage a share-sale at the conglomerate's flagship firm. "The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023 has adversely affected the Adani Group, our shareholders and investors. The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens," the group's lead head Jatin Jalundhwala said in a statement.

Elon Musk takes witness stand to defend Tesla buyout tweets

Elon Musk took the witness stand to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening.

 

Google to axe 12,000 jobs; CEO Sundar Pichai says 'sorry'

New York: Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant to retrench staff en mass amid the global economic downturn.

Microsoft to axe 10,000 jobs, nearly 5 per cent of global workforce

Washington: Microsoft is cutting 10,000 workers, almost 5 per cent of its workforce, in response to "macroeconomic conditions and changing customer priorities".

 

Cryptos are nothing but gambling, their value only make-believe: RBI governor Shaktikanta Das

Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe.'' To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its own digital currency (central bank digital currency), in the form of e–rupee on a pilot mode, first for the wholesale in late last October and a month later for retail customers.

 

Amazon, Salesforce jettison jobs in latest tech worker purge

E-commerce giant Amazon and business software maker Salesforce are the latest US technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.

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