Company / The Economic Times
A new report by Goldman Sachs suggests that India's economy will likely remain stable despite potential global economic shocks in 2025, including a possible US-China trade war. Although the country's GDP growth is predicted to slow to 6.3 percent due to fiscal consolidation and tighter credit, India's long-term growth potential remains strong.
The upcoming IPL 2025 mega auction is set to witness intense bidding for overseas bowlers. Mitchell Starc, Anrich Nortje, Trent Boult, Adam Zampa, and Kagiso Rabada are among the top contenders, bringing a potent mix of pace, spin, and experience to the table.
The Aam Admi Party called for the arrest of Gautam Adani and his nephew. They are also seeking the arrest of all involved officials. This follows an indictment by US prosecutors accusing Adani of bribery. Rahul Gandhi echoed these demands, calling for Adani's arrest and a thorough investigation. He also criticised Prime Minister Modi for allegedly shielding Adani.
The Supreme Court of India considered holding the trial of Yasin Malik, a Kashmiri separatist leader, inside Tihar Jail for security reasons. Malik, serving a life sentence for terrorism funding, is accused of kidnapping Rubaiya Sayeed in 1989.
The Aam Aadmi Party announced its first list of candidates for the Delhi Assembly elections. The list includes former members of BJP and Congress. AAP won the last election with a huge majority. However, its leader Arvind Kejriwal faced legal challenges during his term. AAP is prepared for the upcoming elections.
The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts. - Wednesday's indictment in New York accuses Adani Group's leadership of paying more than $250 million to Indian government officials to secure lucrative contracts worth more than $2 billion.
Gautam Adani and associates face US charges for allegedly bribing Indian officials to secure favorable solar energy contracts. Opposition leaders, including Saket Gokhale and Mahua Moitra, criticize the Indian government's silence and demand an independent investigation. Adani Group stocks experience a significant decline following the indictment.
A software executive in Pune, India, fell victim to a sophisticated cybercrime operation, losing 6.29 crore. Posing as CBI officials, fraudsters placed the victim under digital arrest, alleging money laundering activities. They coerced him into transferring funds to their accounts under the guise of an RBI mandate.
Sean 'Diddy' Combs is facing five new lawsuits accusing him of drugging and sexually assaulting both men and women. The lawsuits allege incidents involving multiple victims at various parties and gatherings. Each case highlights troubling claims of abuse and drugging, including a man who claims he was assaulted at a Miami party and others recounting similar experiences at events hosted by the music mogul.
Russia launched an intercontinental ballistic missile from its Astrakhan region, targeting Dnipro in central-eastern Ukraine. This marks the first use of such a powerful, long-range missile during the war, coming after Ukraine struck targets inside Russia using U.S. and British missiles.
Karnataka Education Minister Madhu Bangarappa faced criticism after demanding action against a student who commented on his Kannada proficiency during an online coaching launch. Bangarappa's reaction sparked debate about freedom of expression and criticism, with the BJP condemning his intolerance towards feedback.
The Adani Group refuted allegations by US authorities of a $250 million bribery scheme involving Indian officials. The conglomerate labeled the charges as aseless and pledged to pursue legal action. US prosecutors and the SEC accused Gautam Adani, his nephew, and a former Adani Green Energy CEO of orchestrating the scheme to secure solar energy contracts.
Starbucks is looking for ways to improve its business in China. The company is considering selling a part of its Chinese business to a local partner. Starbucks has faced challenges in China due to increased competition and weak consumer spending. The coffee giant has experienced declining sales in China for three quarters in a row.
Gautam Adani, founder of the Adani Group, and seven other executives have been indicted in the US on charges of securities fraud, wire fraud, and violations of the Foreign Corrupt Practices Act. They are accused of orchestrating a bribery scheme to secure solar energy contracts in India and misleading investors, raising over $3 billion.
Ellen DeGeneres and Portia de Rossi have relocated to the Cotswolds in England. A source revealed their move followed Donald Trump's election. The couple listed their Montecito house for sale. DeGeneres addressed criticism about her talk show in her Netflix special. She has been enjoying gardening and raising chickens.
The US SEC has charged Indian billionaire Gautam Adani and others, including three former CDPQ executives, with a bribery and fraud case exceeding $250 million. The former CDPQ executives implicated are Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra. The indictment also names Ranjit Gupta, former CEO of CDPQ-controlled Azure Power, a green energy firm previously listed on the NYSE.
For the first time, Ukraine has used UK-supplied Storm Shadow missiles to strike targets inside Russia, according to multiple reports. The move follows the recent approval from Washington for Kyiv to deploy US-made ATACMS missiles across the Russian border. Both missile systems have targeted strategic locations, such as ammunition depots, as part of Ukraines intensified counteroffensive. Officials in Ukraine, the UK, and the US have declined to comment on the specifics, underlining operational s
Congress leader Rahul Gandhi called for the arrest of Gautam Adani, chairman of the Adani Group, following allegations of a multibillion-dollar fraud scheme. Gandhi urged for an investigation and punishment for Adani, accusing Prime Minister Modi of protecting the tycoon. U.S. prosecutors indicted Adani, his nephew, and another executive for allegedly bribing Indian officials to secure lucrative solar energy contracts.
The Indian government approved funding for healthcare facilities in Manipur's hill districts. The funding will provide advanced medical equipment and services. Residents will have access to CT scans, MRI, ICU services, and specialized care. The initiative aims to improve healthcare access in remote areas. The Churachandpur Medical College is already operational. This funding reflects the government's commitment to equitable healthcare.
Gautam Adani and associates were indicted in New York for allegedly bribing officials to secure solar energy contracts. The charges led to a $12.4 billion drop in Adani's net worth and sent Adani Group stock plummeting, sparking concerns about the company's financial stability and casting a shadow over its future in renewable energy.
Susie Wiles, a former lobbyist, has been appointed as Donald Trump's White House chief of staff. Wiles's history as a lobbyist, including representing foreign entities, has raised concerns about potential conflicts of interest. Despite this, she is praised for her political acumen and loyalty, leaving observers to speculate about the implications of her appointment for Trump's second term.
Kotak Institutional Equities assigns a Rs 5,200 target price to IndiGo, citing strong positioning amid competitor supply constraints and efficient operations. Shares rise 1%, with a 28% upside potential.
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.55 per cent and domestic institutional investors had 10.61 per cent.
PSU bank stocks, including SBI, Canara Bank, PNB, and Bank of Baroda, dropped significantly, while Adani Group shares also fell sharply after bribery and fraud charges, weakening the Indian rupee.
As of 30-Sep-2024, promoters held 43.91 per cent stake in the company, while FIIs held 13.65 per cent and domestic institutional investors had 2.0 per cent.
Suzlon Energy's shares surged nearly 5% on Thursday as investors responded positively to the company's strong financial performance and ambitious growth plans. Analysts at Geojit Financial Services recommend buying Suzlon Energy stock, citing the company's recent acquisition, attractive valuations, and impressive revenue growth.
A total of 544 shares changed hands on the counter till 11:57AM (IST)
A total of 7,541 shares changed hands on the counter till 11:52AM (IST).
Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%.
To combat Delhi's air pollution, the Indian Institute of Tropical Meteorology (IITM) is upgrading its stubble burning monitoring system. The new system will utilize Indian or Korean satellites that provide more frequent data, addressing the issue of farmers burning stubble later in the day to avoid detection by American satellites.
Following the Maharashtra assembly polls, Shiv Sena (UBT) MP Sanjay Raut projected a win for the opposition Maha Vikas Aghadi (MVA) with 160-165 seats. Raut expressed confidence in forming a stable government and announced a meeting of MVA leaders ahead of the vote counting on Saturday.
Gangster Lawrence Bishnoi's brother Anmol Bishnoi detained in US prison. Anmol Bishnoi applied for asylum in US. Mumbai police initiated extradition proceedings against him. Anmol Bishnoi accused in several high-profile cases. He is accused of providing arms in Sidhu Moosewala murder case.
Four people, including an Australian teenager and an American tourist, have died from suspected methanol poisoning in Vang Vieng, Laos. Several tourists fell ill after consuming tainted alcohol. A 19-year-old Australian woman died in a Thai hospital, while her friend remains hospitalized. Authorities suspect methanol-laced drinks are responsible and advise caution when consuming alcohol in Laos.
A total of 1,292 shares changed hands on the counter till 11:37AM (IST).
Micro Life Sciences, India's largest medical devices group, is seeking to raise $150 million by selling a small stake, aiming for a $5 billion valuation. Backed by Warburg Pincus, the company plans to use the funds for expansion, including new manufacturing facilities and product launches.
The Nifty IT index was trading 0.37 per cent at 41901.45.
The stock quoted a 52-week high price of Rs 210.50 and low of Rs 139.45.
During his visit to Guyana, Indian Prime Minister Narendra Modi was honored with a dinner hosted by Guyanese President Mohamed Irfaan Ali. President Ali praised India's contributions to Guyana and the CARICOM region, highlighting their strong partnership. PM Modi also enjoyed cultural performances by the Guyanese community, showcasing their heritage through traditional Indian songs and dances.
The Nifty Pharma index was trading 0.27 per cent at 21826.70.
The Aam Aadmi Party's (AAP) political affairs committee, led by Arvind Kejriwal, is set to convene on Thursday to reveal the initial roster of candidates for the Delhi Assembly elections scheduled for February. The party will prioritize candidates based on their performance, public image, and likelihood of victory.
Varun Beverages' shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth.
The Adani Group experienced its worst trading day since the Hindenburg controversy, with a Rs 2.25 lakh crore market cap drop following bribery charges against Gautam Adani and other executives by US prosecutors. Adani's net worth plunged by $10.5 billion, and shares of Adani companies plummeted, impacting bond markets and prompting concern from investors like GQG Partners.
The 30-share BSE Sensex was down 527.06 points at 77051.32