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Business (191)

Super User 25 January 2023

Hindenburg Shorts Adani Group, Flags Debt and Accounting Concerns

Hindenburg accused the conglomerate of improper extensive use of entities set up in offshore tax havens and expressed concern about high debt levels.

Published in Business

Super User 31 December 2022

Indian Rupee Ends Down More Than 10% in 2022, Worst Since 2013

The rupee was also a victim of a rally in oil prices sparked by the Russia-Ukraine conflict, which pushed India's current account deficit to a record high in the September quarter in absolute terms.

Published in Business

Super User 24 September 2022

Sensex, Nifty tumble nearly 2 per cent amid bearish global trends

Equity indices fell sharply by nearly 2 per cent each, extending their decline for the third day running on Friday, amid an overall bearish trend in global markets.

Published in Business

Super User 22 September 2022

Rupee Tanks 90 Paise to Close at All-Time Low of 80.86 Against US Dollar

Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite.

Published in Business

Super User 23 July 2022

Zuckerberg, Sandberg set to be deposed in Cambridge Analytica lawsuit

Meta CEO Mark Zuckerberg and COO Sheryl Sandberg are set to be deposed in a Cambridge Analytica lawsuit, the media reported.

Published in Business

Super User 11 July 2022

Forget China, our competition is Bangladesh now. Only PM doesn’t acknowledge this

If we don’t talk about the fact that an average Indian today earns less than a Bangladeshi, will the fact vanish? No. But the daily news cycle is filled with jubilation at activists being locked up

Published in Business

Super User 11 July 2022

Five years of GST: Neither consumers nor states find it 'good' or 'simple'

Union government has issued 869 notifications, 143 circulars and 38 orders to modify GST rules since 2017 as consumers are baffled at inconsistencies and states complain of centralisation

Published in Business

Super User 03 June 2022

Moody’s downgrades Pakistan’s rating outlook

Says high global commodity prices will lead to widening of current account deficit.

Published in Business

Super User 11 January 2022

After diluting bidding-clause, Modi govt sold off CEL to furniture-making firm, employees hold dharna

The Modi government has sold off a state-owned entity to a private firm having zero experience in making electronics parts or defence research, complained the protesters.

Published in Business

Super User 04 January 2022

Why the Privatisation of Central Electronics Limited Is Against India's Interests

The scientific community fears that selling it off to a financial intermediary or trading company will eventually affect the future of research and development in electronics in India.

Published in Business