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Industry

Hindenburg shorts Adani Group, flags debt and accounting concerns

U.S. sues Google on ad tech business, joined by eight States

‘Locked out of the entire system,’ workers react after Google announces layoffs; Pichai says process was ‘far from random’

Google CEO Sundar Pichai. File.

Hindenburg welcomes Adani Group’s legal ‘threat’

File photo of Adani group building at Adani Shantigram near Ahmedabad.

“We fully stand by our report and believe any legal action taken against us would be meritless,” Hindenburg Research said.

IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue

Adani shares fall as short-seller Hindenburg Research flags its ‘substantial debt’

‘Mala fide intention to undermine reputation, damage upcoming FPO’: Adani Group responds to Hindenburg report

Adani Group Chairman Gautam Adani. File.

More stories from Industry

Union Minister for Commerce & Industry Piyush Goyal, Union Minister for Communications and Electronics & Information Technology Ashwini Vaishnaw, G20 Sherpa of India Amitabh Kant, Tata Sons Chairperson N. Chandrasekaran and other dignitaries during the opening session of B20 India Inception Meeting, in Gandhinagar, on January 23, 2023.

India's services exports to cross $300bn target for this fiscal: Piyush Goyal

Apple targets raising India production share to up to 25%: Goyal

B. Ramesh Babu, MD & CEO, Karur Vysya Bank Ltd.

Karur Vysya Bank Q3 net profit surges by 56% to ₹289 cr

The Hindu Bureau

S. Krishnan, MD & CEO of Tamilnad Mercantile Bank is seen along with P.A. Krishnan, CFO. Photo: Special Arrangement

Tamilnad Mercantile Bank Q3 net profit rises by 38% to ₹280 cr

The Hindu Bureau

ICICI Bank reported third-quarter standalone net profit grew 34.2% year-on-year to ₹8,312 crore backed by a rise in net Interest Income (NII) and growth in its loan portfolio. File

ICICI Bank Q3 net jumps 34% to ₹8,312 crore, buoyed by growth in loans, net interest income

The Hindu Bureau

The company is expected to post an overall growth of 15-20% in revenue in FY23 and about 20% in exports, says Sriram Viji, MD, Brakes India Pvt. Ltd.

Brakes India aims at wider market share via innovation, new products

Net Interest Income (NII) for Q3FY23 increased by 30% to ₹5,653 crore from ₹4,334 crore in Q3FY22, the lender said.

Kotak Mahindra Bank Q3 profit surges 31% to ₹2,792 crore

Yes Bank reported a 79% dip in its consolidated December quarter net at ₹55.07 crore

Yes Bank Q3 net plummets 79% on provision hit; will appeal AT-1 ruling in SC

Insurance sector needs ₹50,000 cr. capital per year to lift penetration: IRDAI

Dr. Reddy’s Laboratories said the studies were for filing in highly regulated markets such as the U.S. and Europe.

Dr. Reddy’s completes clinical studies of rituximab biosimilar candidate

The Hindu Bureau

File image for representation

Telecom operators flag privacy issues with TRAI’s caller ID proposal

Wendt India Q3 net profit up 69% to ₹11.45 cr. on increased sales

The Hindu Bureau

Maruti Suzuki recalls 17,362 units to fix faulty airbag controller

Representational image only.

Reliance suspends gas auction after change in marketing rules