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Business

Adani Group stocks fall; Adani Green Energy declines over 4 pc

Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family of billionaire Gautam Adani.

 


Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested in Adani stock; company denies

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.

 


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Jio 5G on track to cover entire country by December: Mukesh Ambani

Reliance Jio's 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is "on track" to cover the entire country with the ultra high-speed network by December this year, RIL Chairman Mukesh Ambani said on Monday.

 

Ambani sets succession plan in motion; appoints all three children to Reliance board

Asia's richest man Mukesh Ambani began executing a succession plan for his energy-to-technology conglomerate Reliance Industries, appointing his three children Isha, Akash, and Anant to the board of the company on Monday.

 

Finance Commission expected to be constituted by November end: Finance secretary

The government is expected to constitute the 16th Finance Commission by end of November, finance secretary T V Somanathan said.

 

Google Ads introduces auto-generated advertisement tool using generative AI

Advertisers and businesses will now be able to auto-generate advertisements on Google Ads platform, said Dan Taylor, vice president of global ads at Google. Using Large Language Models (LLMs) and generative artificial intelligence (Gen AI), Google Ads will be able to create campaign workflows based on business prompts given by marketers.

Non-basmati white rice: IMF 'encourages' India to remove export restrictions

The International Monetary Fund has said it would "encourage" India to remove restrictions on export of a certain category of rice, which, it said, would have an impact on global inflation.

 

Greed for power overrode national interest under previous govt, destroyed banking system: PM Modi

Prime Minister Narendra Modi said on Saturday that greed for power overrode national interest during the UPA government, wreaking havoc on the banking sector, but his dispensation has nursed it back to good financial health.

Hindenburg report combination of targeted misinformation, discredited allegations: Adani
Foxconn proposes to set up Rs 8,800 crore manufacturing plant in Karnataka

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday.

 

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