Arshad Khan

Adani's fortune plummets by USD 10 bn, Group's stocks drop again amid Hindenburg row

With this fresh fall, the wealth gap between Reliance Industries’ Mukesh Ambani and Adani is now around $2-3 billion, the closest in months.

30 Jan 2023

Adani’s response to Hindenburg not lifting sentiments on D-Street, Group stocks fall up to 20% again 

Adani Total Gas, Adani Transmission and Adani Green fell 20% each on Monday while Adani Wilmer and Adani Power dipped by 5%. 

30 Jan 2023

Investors lose Rs 11 lakh crore as markets fall

The dip was largely due to the slump in Adani group stocks, which fell up to 23% during intraday trading, and its spillover impact on banking stocks that have an exposure to the group.

28 Jan 2023

Adani stocks slump post Hindenburg report

The report said shares of 7 listed Adani firms ‘over valued’, questioned the role of close family members, raised questions about shell firms among other allegations.

28 Jan 2023

Low two-wheeler volume a concern: Uno Minda Chairman 

The company is hopeful two-wheeler (2W) sales will pickup as per capita vehicle ownership in India is very low as against developed nations.

27 Jan 2023

Porsche clocks its highest sales in India in 2022, delivers 779 new cars

A good % of Porsche sales last year came from its Sports Utility Vehicle (SUV) line-up. This segment registered a growth of 69% YoY in 2022 with its Cayenne model ending the year with 399 units.

26 Jan 2023

DGCA’s suspension of pilot licence excessive: Air India

Airline says will assist him with appeal against the action; 6 employee unions have sent joint petition to DGCA to withdraw suspension

25 Jan 2023

Asian Paints, HUL stocks under pressure 

Share prices of Asian Paints fell nearly 3% on Friday to R 2,785 after witnessing sharp sell-off in the closing hours of Thursday session. 

23 Jan 2023

Reliance net profit falls 15 per cent in Q3

Jio posts 28.6% rise in net profit to Rs 4,881 crore; APRU improves QoQ to Rs 178.2 from Rs 177.2

21 Jan 2023

HUL board approves hiking royalty to parent from 2.65 per cent to 3.45 per cent of turnover

The company asserted that the new arrangement will ensure that it "continues to receive the technology, services and IP support from Unilever".

20 Jan 2023

Budget 2024: NAREDCO seeks Rs 25,000 crore realty fund 

Allocation of at least Rs 25,000 crore for next fiscal alone shall boost the economy, create more jobs and attract huge investments,” said Rajan Bandelkar, President, NAREDCO.

18 Jan 2023

Hycross, Hyryder may drive Toyota sales in 2023

The Innova Cryta and Fortuner maker had sold 160,357 units last year, marking the company’s highest sales in last 10 years.

14 Jan 2023

Indian banking stocks outshine Asian peers in quarter ending December

China’s Bank of Jinzhou, which came at third spot, was the only other banking stock that gave a return of 100% or more during the mentioned period.  

13 Jan 2023

Maruti Suzuki goes big with SUVs, unveils JIMNY, Baleno-based SUV coupe FRONX

According to MSIL, the sporty compact SUV FRONX, which is Maruti Suzuki’s Baleno-based SUV coupe, will introduce a new design trend into the country’s SUV segment.

12 Jan 2023

Auto Expo 2023: Electric vehicles dominate the show 

However, its penetration in overall passenger vehicle (PV) sales was miniscule at about 1%. India’s largest carmaker Maruti Suzuki (MSIL) showcased concept electric SUV- eVX- at the Expo.

12 Jan 2023